New England Realty Associates Announces First-Quarter Distribution on Class A Units and Depositary Receipts and an Increase to the Distribution per Quarter of $0.60 per Class A Unit or $0.02 per Depositary Receipt

ALLSTON, Mass., Jan. 9, 2019 /PRNewswire/ -- On March 29, 2019, 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 15, 2019.  The quarterly distribution per Class A Limited Partnership Unit will be $9.60 per Unit (an increase of $0.60 per Unit per quarter or $2.40 annually).  The quarterly distribution per Depositary Receipt will be $0.32 (an increase of $0.02 per Depositary Receipt per quarter or $0.08 annually).  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".

SOURCE New England Realty Associates Limited Partnership