MacKenzie Realty Capital Elects Directors

Shareholders approve all proposals at the annual meeting, ensuring continuity and oversight.

November 18, 2024

Strong Shareholder Participation

MacKenzie Realty Capital, Inc., a Maryland-based real estate investment firm, conducted its 2024 annual meeting on November 14. The meeting, attended by over 57% of eligible shareholders, was a pivotal event for solidifying the company’s governance and financial oversight mechanisms for the coming year.

The agenda included two major proposals. The first focused on the election of directors, where shareholders were tasked with approving four nominees: Thomas Frame, Timothy Dozois, Chip Patterson, and Kjerstin Hatch. Each candidate was elected with overwhelming support, receiving votes ranging from 86% to 91% of shares present. This outcome demonstrates strong shareholder confidence in the company’s leadership team.

Approval of Independent Auditor

The second agenda item sought shareholder ratification of Moss Adams, LLP as the company’s independent registered public accounting firm for the fiscal year ending June 30, 2025. The proposal passed decisively, securing the approval of more than 97% of shares represented at the meeting. This vote underscores a high level of trust in Moss Adams’ ability to oversee the company’s financial reporting and ensure compliance with regulatory standards.

Commitment to Governance and Transparency

The decisions made during the annual meeting reflect MacKenzie Realty Capital’s dedication to maintaining robust corporate governance practices. By electing a capable board and reaffirming the role of an experienced auditor, the company aims to uphold transparency and deliver sustained value to its shareholders.

Based in Orinda, California, MacKenzie Realty Capital specializes in strategic real estate investments. The firm remains focused on leveraging its expertise to navigate market opportunities and enhance shareholder returns.

For more information about MacKenzie Realty Capital, shareholders and interested parties can visit the company’s official website or contact their headquarters directly.