MacKenzie Realty Capital Announces 1-for-10 Reverse Stock Split

MacKenzie Realty Capital's Board of Directors approved a 1-for-10 reverse stock split, effective at 5:01 p.m. Eastern Standard Time on August 4, 2025. The reverse split aims to increase the stock's per-share trading price, meeting the minimum bid price requirement for continued listing on the Nasdaq Capital Market. MacKenzie's common stock will begin trading on a split-adjusted basis on August 5, 2025, under the current symbol "MKZR."

MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) has announced that its Board of Directors has approved a 1-for-10 reverse stock split, effective at 5:01 p.m. Eastern Standard Time on August 4, 2025. The reverse split aims to increase the stock's per-share trading price, meeting the minimum bid price requirement for continued listing on the Nasdaq Capital Market. MacKenzie's common stock will begin trading on a split-adjusted basis on August 5, 2025, under the current symbol "MKZR" [1].

The reverse stock split will convert ten current shares of MacKenzie's common stock into one new share of common stock. No fractional shares will be issued, and stockholders of record who would otherwise receive less than one share will be entitled to cash in an amount equal to the applicable fraction multiplied by the closing price of the Company’s Common Stock on The Nasdaq Capital Market on August 1, 2025 (adjusted for the Reverse Stock Split) [1]. The reverse split will reduce the number of shares of outstanding common stock from 16,760,977.80 shares to approximately 1,676,098 shares [1].

Computershare, Inc. will act as the exchange agent for the reverse stock split. Stockholders of record are not required to take any action to receive post-split shares in book-entry. Stockholders owning shares through a bank, broker, custodian, or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to the holding entity’s particular processes [1].

The reverse stock split is intended to increase the per-share trading price of MacKenzie's common stock to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. However, there is no assurance that MacKenzie's common stock will meet all Nasdaq requirements for continued listing [1].

MacKenzie Realty Capital, Inc. is a West Coast-focused REIT that intends to invest at least 80% of its total assets in real property, and up to a maximum of 20% of its total assets in illiquid real estate securities. The Company has paid a dividend every year since inception [1].

For more information, please contact MacKenzie at (800) 854-8357. Please visit their website at: http://www.mackenzierealty.com [1].

References:
[1] https://www.morningstar.com/news/globe-newswire/9504378/mackenzie-realty-capital-announces-effective-date-for-1-for-10-reverse-stock-split