MacKenzie Realty Capital Inc. has announced amendments to its bylaws, designating 2,000,000 shares of authorized but unissued preferred stock as "Series C Preferred Stock." This new class of stock includes specific preferences, conversion and other rights, voting powers, and conditions of redemption. Notably, the Series C Preferred Stock will have limited voting rights and can be redeemed by the company for cash starting January 1, 2027, with holders having the option to convert to common stock instead.
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