MacKenzie Realty Capital Inc

MacKenzie Realty Capital Inc which along with its subsidiaries is collectively referred to as the Company we or our was formed on January 27 2012 in accordance with Marylands general corporation laws The Company has chosen to be taxed as a Real Estate Investment Trust REIT complying with the definitions provided in Subchapter M of the amended Internal Revenue Code of 1986 A total of 100000000 shares are authorized for issuance This total comprises 80000000 shares of common stock and 20000000 shares of preferred stock each possessing a par value of 00001 Our business operations began on February 28 2013 and our fiscal year ends annually on June 30