Company: NEN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001558370-25-010910
Chunk: 9

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part II, Item 2
Chunk 9
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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 

(a)None

(b)None

(c)Issuer Purchase of Equity Securities during the second quarter of 2025:

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​​​​​​​​​​    ​​    ​    Remaining number  ​    ​​    Depositary Receipts    of Depositary Receipts  ​​​​​Purchased as Part​that may be purchased​​​Average​of Publicly​Under the Plan​Period    Price Paid    Announced Plan    (as Amended)  April 1-30, 2025​$ 78.70​ 1,343​ 448,213​May 1-31, 2025​$ 77.17​ 626​ 447,587​June 1-30, 2025​$74.59 ​ 954​ 446,633​Total​​​​ 2,923​​​

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On August 20, 2007, NewReal, Inc., the General Partner authorized an equity repurchase program (“Repurchase Program”) under which the Partnership was permitted to purchase, over a period of twelve months, up to 300,000 Depositary Receipts (each of which is one-tenth of a Class A Unit). Over time, the General Partner has authorized increases in the equity repurchase program. On March 10, 2015, the General Partner authorized an increase in the Repurchase Program from 1,500,000 to 2,000,000 Depository Receipts and extended the Program for an additional five years from March 31, 2015 until March 31, 2020. On March 9, 2020, the General Partner extended the program for an additional five years from March 31, 2020 to March 31, 2025. The Repurchase Program requires the Partnership to repurchase a proportionate number of Class B Units and General Partner Units in connection with any repurchases of any Depositary Receipts by the Partnership based upon the 80%, 19% and 1% fixed distribution percentages of the holders of the Class A, Class B and General Partner Units under the Partnership’s Second Amended and Restated Contract of Limited Partnership. Repurchases of Depositary Receipts or Partnership Units pursuant to the Repurchase Program may be made by the Partnership from