MacKenzie Realty Capital Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Unregistered Sales of Equity Securities and Use of Proceeds
| Item 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
|---|
In July 2023, we issued 2,265 common shares at $10.25 per share, to the Class A unit holders of the Operating Partnership who exercised their option to convert their Class A units to our common shares.
During the nine months ended March 31, 2024, we issued 80,280.31 of Series A preferred shares with total gross proceeds of $2,005,751, 16,612.44 of Series B preferred shares with total gross proceeds of $404,200, and 5,719.07 Series A preferred shares with total gross proceeds of $128,679 under the DRIP related to the Series A preferred, pursuant to our Regulation A Series A and Series B preferred stock offering.
These private placements of our common and preferred shares were exempt from registration under Section 4(a)(2) and Section 3(b) of the Securities Act of 1933, as amended (the “Securities Act”), and Regulation D and A thereunder.
Issuer Purchases of Equity Securities
The following table presents information with respect to our purchases of our common stock during the period covered by this report:
| Execution Date | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans | Maximum Dollar Value of Shares That May Yet Be Purchased Under Publicly Announced Plans |
|---|---|---|---|---|
| Common stocks | ||||
| September 1, 2023 through September 30, 2023 | 64,092.00 | $7.38 | 64,092.00 | - |
| December 1, 2023 through December 31, 2023 | 64,497.00 | 7.38 | 64,497.00 | - |
| March 1, 2024 through March 31, 2024 | - | - | - | - |
| 128,589.00 | 128,589.00 | - | ||
| Series A Preferred stocks | ||||
| December 1, 2023 through December 31, 2023 | 400.00 | $22.75 | 400.00 | - |
| March 1, 2024 through March 31, 2024 | 2,000.00 | 22.00 | 2,000.00 | - |
| 2,400.00 | 2,400.00 | - | ||
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