New England Realty Associates LP Announces First-Quarter Distribution on Class A Units and Depositary Receipts and a Special One-Time Distribution

Rhea-AI Summary

New England Realty Associates Partnership (NYSE MKT: NEN) has announced its quarterly distribution for Q1 2025, along with a special one-time distribution. The company will distribute:

• Quarterly distribution: $12.00 per Class A Partnership Unit and $0.40 per Depositary Receipt
• Special one-time distribution: $96.00 per Class A Unit and $3.20 per Depositary Receipt

The distributions will be made on March 31, 2025, to holders of record as of March 24, 2025. Each Depositary Receipt represents one-thirtieth ownership of a Class A Partnership Unit and trades on NYSE MKT under the symbol 'NEN'.

Positive

• Substantial special one-time distribution of $96.00 per Class A Unit
• Regular quarterly distribution maintained at $12.00 per Class A Unit

Negative

• None.

ALLSTON, Mass., March 13, 2025 /PRNewswire/ -- On March 31, 2025, 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 March 24, 2025.  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. In addition to the quarterly distribution will be a special one-time distribution of $96.00 per Class A Unit and $3.20 per Depository Receipt. 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 total distribution amount for New England Realty (NYSEMKT: NEN) Class A Units in Q1 2025?

The total distribution is $108.00 per Class A Unit, comprising $12.00 quarterly distribution plus $96.00 special one-time distribution.

When is the record date for New England Realty's (NYSEMKT: NEN) Q1 2025 distribution?

The record date is March 24, 2025.

How much is the special one-time distribution for NYSEMKT: NEN Depositary Receipt holders?

The special one-time distribution is $3.20 per Depositary Receipt.

What is the conversion ratio between NEN Depositary Receipts and Class A Units on NYSEMKT?

Each Depositary Receipt represents one-thirtieth (1/30) ownership of a Class A Partnership Unit.