New England Realty Associates Announces First-Quarter Distribution on Class A Units and Depositary Receipts

Rhea-AI Summary

On March 31, 2021, New England Realty Associates Limited Partnership (NEN) will distribute $9.60 per Class A Limited Partnership Unit and $0.32 per Depositary Receipt to shareholders. Eligibility for the distribution is based on ownership as of March 16, 2021. Each Depositary Receipt represents one-thirtieth of a Class A Partnership Unit. This announcement reaffirms the company's commitment to returning value to its investors.

Positive

• Quarterly distribution of $9.60 per Class A Unit indicates strong cash flow.
• Depositary Receipt distribution of $0.32 shows commitment to shareholders.

Negative

• None.

News Market Reaction – NEN

-1.21%

-1.21% Session move

In the trading session that priced this news, NEN declined 1.21%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ALLSTON, Mass., March 3, 2021 /PRNewswire/ -- On March 31, 2021, New England Realty Associates Limited Partnership (NYSE MKT: NEN) will make its quarterly distribution to its Class A Limited Partners and holders of Depositary Receipts of record as of March 16, 2021.  The quarterly distribution per Class A Limited Partnership Unit will be $9.60 per Unit.  The quarterly distribution per Depositary Receipt will be $0.32.  Each Depositary Receipt represents a beneficial ownership of one-thirtieth of a Class A Partnership Unit.  Depositary Receipts are listed on The NYSE MKT under the trading symbol "NEN".

View original content:http://www.prnewswire.com/news-releases/new-england-realty-associates-announces-first-quarter-distribution-on-class-a-units-and-depositary-receipts-301240122.html

SOURCE New England Realty Associates Limited Partnership

FAQ

What is the quarterly distribution amount for New England Realty Associates (NEN) in March 2021?

The quarterly distribution amount is $9.60 per Class A Limited Partnership Unit and $0.32 per Depositary Receipt.

When will New England Realty Associates (NEN) make its quarterly distribution?

The quarterly distribution will be made on March 31, 2021.

What is the record date for the distribution from New England Realty Associates (NEN)?

The record date for the distribution is March 16, 2021.

How is a Depositary Receipt related to New England Realty Associates (NEN)?

Each Depositary Receipt represents a beneficial ownership of one-thirtieth of a Class A Partnership Unit.