Seeking Value In Investments That Others Often Overlook


MacKenzie Realty Capital Quick Facts

As of September 30, 2017
Offering Price

$10.00

NAV

$9.82

QUARTERLY DIVIDEND

$0.175/share

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    Adviser

    MCM Advisers, LP

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    Corporate Structure

    Business Development Company (“BDC”)

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    Registration

    Public

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    Maximum Offering Size

    $150,000,000

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    Minimum Investment

    $5,000

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    Distributions

    Quarterly Dividends

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    Dividend Reinvestment Plan (“DRIP”)

    90% of current offering price

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    Tax Reporting

    Form 1099-DIV

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    SEC Filings

    Click for Info

The following website material is neither an offer to sell nor a solicitation of an offer to buy shares of MacKenzie Realty Capital, Inc. Offering is only made by prospectus, a copy of which can be accessed here. This material must be read in conjunction with the prospectus in order to fully understand the risks associated with this investment.

For more information, contact MacKenzie Capital Management: 800-854-8357.

By continuing on the site, you acknowledge that you have received a copy of the prospectus.

  • The Fund should be considered speculative and involves a high degree of risk including the potential loss of investment.
  • The Fund’s illiquid nature will prevent investors from having access to their money for an indefinite period of time.
  • Investors are subject to stockholders transaction expenses of 10% in addition to annual management fees.
  • The Fund has elected to be taxed as a REIT, but if it fails to meet the requirements, there may be adverse tax consequences.
  • An investor should not expect to be able to sell fund shares regardless of how the fund performs and if shares are sold, it is likely an investor will receive less than the purchase price and less than the current NAV.
  • The fund has implemented a share repurchase program, but does not expect to repurchase more than 5.0% of the shares that were outstanding in the prior year on average. In addition, any such repurchases will be at a 10.0% discount to the most recent offering price for 2 years following the close of the Offering, rising thereafter.
  • Dividends are not guaranteed, and the fund is permitted to return a limited amount of capital, or borrow, to fund dividends.
  • An investment in the fund’s shares is not suitable if an investor will need access to the money invested. Because an investor will be unable to sell shares of the fund, it will not be possible to reduce exposure on any market downturn unless and until the fund is listed.
  • An investor will pay a sales load of up to 10% and offering expenses of up to 1.1% on the amount it invests. If an investor pays the maximum aggregate of 11.1% for sales load and offering expenses, the investment must experience a total return of 12.5% in order to recover these expenses.

Overview

Finding dependable sources of meaningful income in a low interest rate environment can be challenging. Since 1987, MacKenzie has provided non-correlated alternatives to investors looking for income and portfolio diversification.


Core Strategy

The fund’s core strategy is to purchase illiquid securities at significant discounts to estimated net asset value. With them, we seek to build diversified portfolios of income-producing and growth-oriented REITs and limited partnerships. Our clients invest at prices we estimate to be significantly below current market value of the underlying asset.


Knowledge is Key

MacKenzie Realty Capital is managed by MacKenzie Capital Management (“MacKenzie”) and its investment advisory affiliate, MCM Advisers, LP (“MCMA”), who have specialized in the area of discounted real estate securities for more than a quarter of a century.


Experience

Our team of real estate and securities analysts has extensive hands-on acquisition experience and deep insight into the real estate market. We also have a proprietary database of real estate securities collected over 27 years of continued analysis, which allows us to quickly recognize, and potentially capitalize on, windows of opportunity.


Portfolio Composition


Sector
Asset Type
Top 10 Holdings

¹ As of September 30, 2017


Dividend and NAV History


The Company’s regular and special dividends are funded entirely from operations, and do not represent a return of capital, borrowing, fee waivers, or any other sources.

Past performance is not indicative of future results.

Period Ending

2017

9/30/2017
6/30/2017
3/31/2017

2016

12/31/2016
9/30/2016
6/30/2016
3/31/2016

2015

12/31/2015
9/30/2015
6/30/2015
3/31/2015

2014

12/31/2014
9/30/2014
6/30/2014
3/31/2014

Dividend (per share)

 

$0.175
$0.175
$0.21

 

$0.175
$0.250
$0.250
$0.175

 

$0.250
$0.210
$0.300
$0.175

 

$0.175
$0.175
$0.300
$0.175

Annualized Rate

 

7.0%
7.0%
8.4%

 

7.0%
10.0%
10.0%
7.0%

 

10.0%
8.4%
12.0%
7.0%

 

7.0%
7.0%
12.0%
7.0%

Period Ending

Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013

NAV

$9.82
$9.84
$9.78
$10.00
$10.00
$9.94
$9.77
$10.06
$10.19
$10.17
$10.16
$9.76
$9.59
$9.81
$10.25
$10.11
$9.89
$10.02
$9.98

The foregoing information contains, or may be deemed to contain, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933. These forward-looking statements include all statements regarding the current intent, belief or expectations regarding matters covered and all statements which are not statements of historical fact. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The future results of MacKenzie Realty Capital, Inc. (the “Fund”) may vary from the results expressed in, or implied by, forward-looking statements, possibly to a material degree. Since these factors can cause results, performance and achievements to differ materially from those discussed in this presentation, you are cautioned not to place undue reliance on the forward-looking statements. Past performance is not indicative of future results. The Fund will update these forward-looking statements to reflect any material changes occurring prior to the completion of the offering. For a discussion of some of the important factors that could cause results to differ from those expressed in, or implied by, the forward-looking statements contained herein, please refer to the Fund’s registration statement (SEC File No. 333-212804) and Annual Report on Form 10-K for the fiscal year ended June 30, 2017, in particular, the “Risk Factors” sections. The forward-looking statements in this document are excluded from the safe harbor protection of Section 27A of the Securities Act of 1933.

NEITHER THIS PRESENTATION NOR THE CONTENT HEREIN CONSTITUTES AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THE FUND’S SHARES (WHICH MAY ONLY BE DONE THROUGH THE PROSPECTUS) AND IS NOT INCORPORATED BY REFERENCE INTO THE PROSPECTUS. The Fund is not offering its securities or soliciting any offer to purchase its securities in any state where the offer or sale is not permitted.

Prospective investors in the Fund should carefully consider the Fund’s investment objectives, risks, charges and expenses, which are discussed in the Prospectus, before investing. The Prospectus, which contains this and other information about the Fund, is available and should be read carefully before investing. A copy of the Prospectus may be obtained from the Fund by calling 925-631-9100 or 800-854-8357, or by writing to the Fund at 1640 School Street, Moraga, California 94556.

THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA DOES NOT RECOMMEND OR ENDORSE THE PURCHASE OF THE FUND’S SECURITIES.

SALES AND ADVERTISING LITERATURE MUST BE READ IN CONJUNCTION WITH THE PROSPECTUS IN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THE OFFERING OF SECURITIES TO WHICH IT RELATES. A COPY OF THE PROSPECTUS MUST BE MADE AVAILABLE TO YOU IN CONNECTION WITH ANY OFFERING.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the Fund’s securities or determined if the information herein or in the Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Securities products and services are offered through Arete Wealth Management, LLC. Arete is a member of the Financial Industry Regulatory Authority and the Securities Disclosures Investor Protection Corporation. Arete is not affiliated with the Fund, MacKenzie, or MCM-GP, Inc.