MacKenzie Realty Capital Announces 1-For-10 Reverse Stock Split; Effective Date Of The Reverse Stock Split Has Not Yet Been Determined

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") today announced that its Board of Directors has approved a 1-for-10 reverse stock split. The reverse stock split was approved by MacKenzie's Board on July 3, 2025, and is intended to increase the per share trading price of the Company's common stock to enable the Company to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market.

The 1-for-10 reverse stock split would automatically convert ten current shares of MacKenzie's common stock into one new share of common stock. No fractional shares (less than one whole share) would be issued in connection with the reverse stock split. In lieu of issuing a fractional share, stockholders of record who otherwise would be entitled to receive a fractional share would 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 immediately prior to the split (as adjusted for the reverse stock split), without any interest. The reverse stock split would reduce the number of shares of common stock outstanding from 15,781,929.80 shares to approximately 1,578,192 shares. Proportional adjustments also would be made to the exercise prices of MacKenzie's outstanding stock warrants.

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 would have their positions automatically adjusted to reflect the reverse stock split, subject to the holding entity's particular processes; such stockholders would not be required to take any action in connection with the reverse stock split. However, these banks, brokers, custodians or other nominees may have different procedures for processing the reverse stock split than those for registered stockholders. If a stockholder holds shares of common stock with a bank, broker, custodian or other nominee and has any questions in this regard, stockholders are encouraged to contact their bank, broker, custodian or other nominee for more information.

The effective date of the reverse stock split has not yet been determined and will be announced by the Company at least two business days prior to its implementation.