MacKenzie Realty Capital, Inc.

The information called for by this item, other than the information set forth below, is set forth under the heading “Compensation Discussion & Analysis” and under the subheadings “Compensation of Directors,” “Compensation of Executive Officers,” and “Compensation Committee Interlocks and Insider Participation” in our Annual Meeting Proxy Statement.

Executive Compensation Clawback Policy

The Board of Directors has adopted a clawback policy (the “Clawback Policy”), effective October 2, 2023, which, if we ever pay incentive-based compensation (which we currently do not), would require recoupment of erroneously awarded executive compensation from current and former executive officers in the event we are required to prepare an accounting restatement due to our material noncompliance with any financial reporting requirement under the securities laws. Our Clawback Policy is attached as Exhibit 97.1 to this Annual Report on Form 10-K. As of June 30, 2025, there have been no restatements that would require recovery of erroneously awarded compensation under the Clawback Policy.