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

Rhea-AI Summary

New England Realty Associates Partnership (NYSE MKT: NEN) has announced its third-quarter distribution for 2024. The company will distribute $12.00 per Class A Partnership Unit and $0.40 per Depositary Receipt on September 30, 2024. This distribution applies to Class A Partners and Depositary Receipt holders of record as of September 13, 2024. Each Depositary Receipt represents ownership of one-thirtieth of a Class A Partnership Unit. NEN's Depositary Receipts are traded on the NYSE MKT exchange.

Positive

• Consistent quarterly distribution maintained
• Distribution of $12.00 per Class A Partnership Unit
• $0.40 distribution per Depositary Receipt

Negative

• None.

News Market Reaction – NEN

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-0.99% News Effect

On the day this news was published, NEN declined 0.99%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ALLSTON, Mass., Aug. 8, 2024 /PRNewswire/ -- On September 30, 2024, 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 13, 2024. The quarterly distribution per Class A Limited Partnership Unit will be $12.00 per Unit. The quarterly distribution per Depositary Receipt will be $0.40. 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

When will New England Realty Associates LP (NEN) make its third-quarter 2024 distribution?

New England Realty Associates LP (NEN) will make its third-quarter 2024 distribution on September 30, 2024.

What is the distribution amount for NEN's Class A Partnership Units in Q3 2024?

The distribution amount for NEN's Class A Partnership Units in Q3 2024 is $12.00 per Unit.

How much will NEN distribute per Depositary Receipt for the third quarter of 2024?

NEN will distribute $0.40 per Depositary Receipt for the third quarter of 2024.

What is the record date for NEN's Q3 2024 distribution?

The record date for NEN's Q3 2024 distribution is September 13, 2024.

What does one Depositary Receipt of NEN represent?

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