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) announced its quarterly distribution set for September 30, 2021. Class A Limited Partners will receive $9.60 per Class A Limited Partnership Unit, while holders of Depositary Receipts will receive $0.32 each. The record date for these distributions is September 15, 2021. Each Depositary Receipt represents one-thirtieth of a Class A Partnership Unit and is traded under the symbol NEN.

Positive

• Quarterly distribution of $9.60 per Class A Limited Partnership Unit.
• Quarterly distribution of $0.32 per Depositary Receipt.
• Regular distribution schedule indicates consistent financial management.

Negative

• None.

ALLSTON, Mass., Aug. 9, 2021 /PRNewswire/ -- On September 30, 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 September 15, 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".

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SOURCE New England Realty Associates Limited Partnership

FAQ

What is the quarterly distribution amount for Class A Limited Partners of NEN?

Class A Limited Partners will receive $9.60 per Class A Limited Partnership Unit.

When will the quarterly distribution be paid for NEN?

The quarterly distribution will be paid on September 30, 2021.

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

The record date for the quarterly distribution is September 15, 2021.

How much will holders of Depositary Receipts receive for NEN?

Holders of Depositary Receipts will receive $0.32 each.

What does each Depositary Receipt represent for NEN?

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