New England Realty Associates LP Announces Fourth-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 December 30, 2022. 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 both distributions is December 15, 2022. Each Depositary Receipt represents one-thirtieth of a Class A Partnership Unit and is traded under the symbol 'NEN'. This announcement underscores the company's commitment to returning value to its partners and shareholders.

Positive

• Quarterly distribution of $9.60 per Class A Limited Partnership Unit.
• Holders of Depositary Receipts will receive a total of $0.32 each.
• Demonstrates commitment to shareholder value.

Negative

• None.

ALLSTON, Mass., Nov. 10, 2022 /PRNewswire/ -- On December 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 December 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-lp-announces-fourth-quarter-distribution-on-class-a-units-and-depositary-receipts-301675062.html

SOURCE New England Realty Associates Limited Partnership

FAQ

When will New England Realty Associates make its next distribution?

New England Realty Associates will make its next distribution on December 30, 2022.

What is the distribution amount for Class A Limited Partnership Units?

The distribution amount for Class A Limited Partnership Units is $9.60 per unit.

How much will holders of Depositary Receipts receive?

Holders of Depositary Receipts will receive $0.32 each.

What is the record date for the upcoming distribution?

The record date for the upcoming distribution is December 15, 2022.

What is the stock symbol for New England Realty Associates?

The stock symbol for New England Realty Associates is 'NEN'.