New England Realty Associates Announces Second-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 to Class A Limited Partners and holders of Depositary Receipts, scheduled for June 30, 2022. The distribution will be $9.60 per Class A Limited Partnership Unit and $0.32 per Depositary Receipt, with a record date of June 15, 2022. Each Depositary Receipt represents fractional ownership of a Class A Partnership Unit, enhancing investment opportunities for stakeholders.

Positive

• Quarterly distribution of $9.60 per Class A Limited Partnership Unit.
• Depositary Receipts distribution of $0.32, appealing to smaller investors.
• Scheduled distribution reflects ongoing commitment to partner returns.

Negative

• None.

ALLSTON, Mass., May 9, 2022 /PRNewswire/ -- On June 30, 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 June 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.  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-second-quarter-distribution-on-class-a-units-and-depositary-receipts-301542933.html

SOURCE New England Realty Associates Limited Partnership

FAQ

What is the upcoming distribution amount for NEN on June 30, 2022?

The upcoming distribution for NEN will be $9.60 per Class A Limited Partnership Unit and $0.32 per Depositary Receipt.

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

The record date for NEN's quarterly distribution is June 15, 2022.

How does the distribution for Depositary Receipts work for NEN?

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

When will NEN's distribution be paid out?

NEN's distribution will be paid on June 30, 2022.