Investor Relations
New England Realty Associates Limited Partnership
Frequently Asked Questions
What symbol does the partnership trade?
What is the current quarterly dividend payment?
What is actually traded in AMEX?
At year end, when and what will I receive for my tax preparation?
If I am not a Massachusetts resident, do I need to report the income to the state?
Do you have a dividend reinvestment program?
How many shares are outstanding?
How can I transfer my Class A Units into Depositary Receipts?
How can I have a name changed on my Depositary Receipt certificate?
How can I obtain a copy of the Annual Report or 10Q's?
What symbol does the partnership trade?
Depositary Receipts are listed and publicly traded on the American Stock Exchange under the symbol "NEN". Prior to December 13, 2002, the Receipts were listed and publicly traded on NASDAQ under the symbol "NEWRZ".
What is the current quarterly dividend payment?
The partnership makes quarterly distributions, not dividend payments. The quarterly distribution for the year 2003 was $6.60 per Class A Unit or $.66 per Depositary Receipt.
What is actually traded in AMEX?
Partnership shares are traded on AMEX through a form of ownership called a Depository Receipt. Class A Units are the original form of ownership before NERA was formed as a publicly traded company in 1987. Class A Units are not tradable and only can be transferred into Depositary Receipts. One Class A Unit equals ten Depositary Receipt.
At year end, when and what will I receive for my tax preparation?
NERA is a Massachusetts Limited Partnership. You will receive, in mid March, a Federal K-1 and a Massachusetts 3K-1 tax form. As a Limited Partner, the amount of income that you are required to report to the IRS and the State of Massachusetts, is listed as "Net income from rental real estate activities", which is your percentage of the entire partnership's income and not the amount you received in distributions. You do not receive a 1098 or 1099.
If I am not a Massachusetts resident, do I need to report the income to the state?
Yes. Since NERA is a Massachusetts' Partnership and 95-100% of the income is derived in the State of Massachusetts, you need to report your portion of the income. For the last six months, the state has been collecting the income from partners who did not file going back to Year 2000.
Do you have a dividend reinvestment program?
As mentioned before, you receive distributions and not dividends; therefore, there is no reinvestment program. You would need to purchase additional shares through a stock broker.
How many shares are outstanding?
There are 173,252 Units outstanding; or 1,732,520 Depositary Receipts outstanding.
How can I transfer my Class A Units into Depositary Receipts?
You need to contact Sally at Shareholder Services, 617-850-7244 or nera@thehamiltoncompany.com, and forms will be sent out. You will need your original NERA stock certificate which is a single sided paper that looks like a photocopy and is dated 1977 or 1978.
How can I have a name changed on my Depositary Receipt certificate?
You need to contact EquiServe, the transfer agent, at 781-575-3400 to send out the forms, or you can download them from EquiServe's web site at: www.equiserve.com; Shareholder Services; Printable Forms.
How can I obtain a copy of the Annual Report or 10Q's?
You can request a copy by calling Sally at Shareholder Services, 617-850-7244, or by e-mailing nera@thehamiltoncompany.com. All reports are on our website at www.thehamiltoncompany.com; New England Realty Associates.
