New England Realty Associates Announces First-Quarter Distribution on Class A Units and Depositary Receipts and an Increase to the Distribution per Quarter of $1.50 per Class A Unit or $.05 per Depositary Receipt

PR Newswire 13-Jan-2017 1:06 PM

ALLSTON, Mass., Jan. 13, 2017 /PRNewswire/ -- On March 31, 2017, 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 recordas ofMarch 15, 2017. The quarterly distribution per Class A Limited Partnership Unit will be $9.00 per Unit (an increase of $1.50 per Unit per quarter or $6.00 annually). The quarterly distribution per Depositary Receipt will be $0.30 (an increase of $.05 per Depositary Receipt per quarter or $.20 annually). Each Depositary Receipt represents a beneficial ownership of one-thirtieth of a Class A Partnership Unit. Depositary Receipts are listed onTheNYSE MKT under the trading symbol "NEN".

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-england-realty-associates-announces-first-quarter-distribution-on-class-a-units-and-depositary-receipts-and-an-increase-to-the-distribution-per-quarter-of-150-per-class-a-unit-or-05-per-depositary-receipt-300390897.html

SOURCE New England Realty Associates Limited Partnership

Wait, Before You Leave...

Receive Anticipated Price Moves into Earnings

Enter your email address below to receive FREE daily information about expected earnings moves and upcoming earnings.
Market Chameleon