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

(Neutral)

(Very Positive)

Rhea-AI Summary

New England Realty Associates Limited Partnership (NYSE MKT: NEN) announced its quarterly distribution for Class A Limited Partners and Depositary Receipts, scheduled for March 31, 2022. Class A Limited Partnership Units will receive a distribution of $9.60 per Unit, while Depositary Receipts will get $0.32. Additionally, a special one-time distribution of $38.40 per Class A Unit and $1.28 per Depositary Receipt will be provided. Record date for these distributions is March 15, 2022.

Positive

Quarterly distribution of $9.60 per Class A Unit.
Special one-time distribution of $38.40 per Class A Unit.
Strong cash flow indicated by substantial distributions.

Negative

None.

News Market Reaction – NEN

-0.63%

-0.63% Session move

In the trading session that priced this news, NEN declined 0.63%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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02/02/2022 - 03:20 PM

ALLSTON, Mass., Feb. 2, 2022 /PRNewswire/ -- On March 31, 2022, 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 15, 2022. 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. In additional to the quarterly distribution will be a special one-time distribution of $38.40 per Class A Unit and $1.28 per Depositary Receipt. 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:https://www.prnewswire.com/news-releases/new-england-realty-associates-announces-first-quarter-distribution-on-class-a-units-and-depositary-receipts-and-a-special-one-time-distribution-301474259.html

SOURCE New England Realty Associates Limited Partnership

FAQ

What is the quarterly distribution amount for NEN Class A Units in March 2022?

The quarterly distribution for NEN Class A Units is $9.60 per Unit.

What special distribution is New England Realty Associates providing in March 2022?

New England Realty Associates is providing a special one-time distribution of $38.40 per Class A Unit.

When is the distribution record date for NEN in March 2022?

The distribution record date for NEN is March 15, 2022.

What is the distribution amount for Depositary Receipts of NEN?

The distribution amount for Depositary Receipts of NEN is $0.32.

What amount will Depositary Receipts receive as a special distribution?

Depositary Receipts will receive a special distribution of $1.28.