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

Rhea-AI Summary

New England Realty Associates Limited Partnership (NYSE MKT: NEN) will distribute $9.60 per Class A Limited Partnership Unit and $0.32 per Depositary Receipt on September 30, 2020. The record date for this quarterly distribution is September 21, 2020. Each Depositary Receipt represents one-thirtieth of a Class A Partnership Unit and is traded under the symbol 'NEN'. This distribution reflects the company's commitment to providing returns to its investors.

Positive

• Quarterly distribution of $9.60 per Class A Limited Partnership Unit.
• Quarterly distribution of $0.32 per Depositary Receipt.

Negative

• None.

News Market Reaction – NEN

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+1.71% Session move

In the trading session that priced this news, NEN gained 1.71%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ALLSTON, Mass., Sept. 11, 2020 /PRNewswire/ -- On September 30, 2020, 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 September 21, 2020.  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-third-quarter-distribution-on-class-a-units-and-depositary-receipts-301128254.html

SOURCE New England Realty Associates Limited Partnership

FAQ

When will NEN distribute its quarterly dividend?

New England Realty Associates will distribute its quarterly dividend on September 30, 2020.

What is the dividend amount for Class A Units of NEN?

The dividend amount for Class A Units of NEN is $9.60 per Unit.

What is the amount for the Depositary Receipts of NEN?

The amount for the Depositary Receipts of NEN is $0.32 each.

What is the record date for NEN's quarterly distribution?

The record date for NEN's quarterly distribution is September 21, 2020.