New England Realty Associates (NYSE AMEX: NEN) Announces First-Quarter Distribution on Class A Units and Depositary Receipts

Feb 27, 2013, 13:21 ET from New England Realty Associates Limited Partnership

ALLSTON, Mass., Feb. 27, 2013 /PRNewswire/ -- On March 30, 2013, New England Realty Associates Limited Partnership will make a distribution to its Class A Limited Partners and holders of Depositary Receipts of record as of March 15, 2013. The quarterly distribution per Class A Limited Partnership Unit will be $7.50 per unit.  The quarterly distribution per Depositary Receipt will be $0.25 (taking into consideration for the 3-for-1 forward split of Depositary Receipts that was completed on January 3, 2012 [the "Stock Split"]).  Each Depositary Receipt represents a beneficial ownership of one-thirtieth of a Class A Partnership Unit.  Depositary Receipts are listed on The NYSE AMEX under the trading symbol "NEN."

SOURCE New England Realty Associates Limited Partnership