New England Realty Associates Announces FIRST-Quarter Distribution on Class A Units and Depositary Receipts

ALLSTON, Mass., Feb. 16, 2016 /PRNewswire/ -- On March 31, 2016, New England Realty Associates Limited Partnership (NYSE MKT: NEN) will make a distribution to its Class A Limited Partners and holders of Depositary Receipts of record as of March 15, 2016. 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 MKT under the trading symbol "NEN."