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) will distribute quarterly payments on June 30, 2021, to Class A Limited Partners and holders of Depositary Receipts. The distribution is set at $9.60 per Class A Limited Partnership Unit and $0.32 per Depositary Receipt, with the record date for distribution being June 15, 2021. Each Depositary Receipt represents a beneficial ownership of one-thirtieth of a Class A Partnership Unit, tradeable on NYSE MKT under the symbol 'NEN.'

Positive

• Quarterly distribution of $9.60 per Class A Limited Partnership Unit, demonstrating commitment to investors.
• Depositary Receipts provide liquidity and a clear ownership structure for investors.

Negative

• None.

ALLSTON, Mass., May 5, 2021 /PRNewswire/ -- On June 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 June 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".

View original content:http://www.prnewswire.com/news-releases/new-england-realty-associates-announces-second-quarter-distribution-on-class-a-units-and-depositary-receipts-301284904.html

SOURCE New England Realty Associates Limited Partnership

FAQ

What is the quarterly distribution amount for New England Realty Associates (NEN) in June 2021?

The quarterly distribution amount is $9.60 per Class A Limited Partnership Unit and $0.32 per Depositary Receipt.

When is the record date for the June 2021 distribution for NEN?

The record date for the June 2021 distribution is June 15, 2021.

When will the distribution be made by New England Realty Associates (NEN)?

The distribution will be made on June 30, 2021.

What does each Depositary Receipt for NEN represent?

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