MacKenzie Realty Capital, Inc. has announced the temporary suspension of its Dividend Reinvestment Program (DRIP) for Series A, Series B, and Series C preferred shareholders. The company mailed a notice letter on October 2, 2026, stating that the DRIP has been suspended for the current quarter. Holders of record as of September 30, 2026, will receive the dividend payment in cash instead of through reinvestment.
The suspension is linked to a broader strategic review initiated by the company. MacKenzie Realty Capital has temporarily halted its preferred share repurchase program to better react to potential strategic alternatives brought to it by its financial advisor, Maxim Group LLC. The company cited the issuance of common stock in exchange for preferred shares as a factor that has created additional selling pressure on its common stock, which the Board believes could complicate negotiations for any potential strategic transaction.
The Board of Directors has approved the regular dividends for the quarter ending December 31, 2026, for all three series of preferred shares. The company intends to resume DRIP participation for all currently enrolled participants on the next regular dividend cycle following the qualification of an amended Offering Circular by the SEC. The dividend payment is scheduled to be mailed to shareholders on or about October 15, 2026.
