Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Issuer Purchase of Equity Securities during the second quarter of 2025:
+Added: Issuer Purchase of Equity Securities during the third quarter of 2025:
Remaining number
5 unchanged sentences
Announced Plan
−Removed: April 1-30, 2025
−Removed: May 1-31, 2025
−Removed: June 1-30, 2025
+Added: July 1-31, 2025
+Added: August 1-31, 2025
+Added: September 1-30, 2025
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).
4 unchanged sentences
Repurchases of Depositary Receipts or Partnership Units pursuant to the Repurchase Program may be made by the Partnership from time to time in its sole discretion in open market transactions or in privately negotiated transactions.
−Removed: On March 12, 2025, the General Partner authorized the President and Treasurer to cause the Partnership to repurchase, on the open market or otherwise, including through individually negotiated purchases and through a written trading plan that complies with the requirements of Rule 10b5-1, Depositary Receipts and Partnership Units in such quantities, at such prices, in such manner and on such terms and conditions as the Authorized Persons determine are in the best interests of the Partnership;
+Added: On March 12, 2025, the Board of Directors authorized the President and Treasurer to cause the Partnership to repurchase, on the open market or otherwise, including through individually negotiated purchases and through a written trading plan that complies with the requirements of Rule 10b5-1, Depositary Receipts and Partnership Units in such quantities, at such prices, in such manner and on such terms and conditions as the Authorized Persons determine are in the best interests of the Partnership;
provided, however, that (i) the aggregate cost of Depositary Receipts and Partnership Units repurchased shall not exceed $5 million, (ii) no Depositary Receipts or Partnership Units shall be repurchased after the date that is 12 months after the effective date hereof, (iii) no Depositary Receipt shall be repurchased( the “Repurchase Plan”);
1 unchanged sentence
The Repurchase Plan shall be made in accordance with the terms of Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and shall be made in accordance with all applicable laws and regulations in effect from time to time.
−Removed: From August 20, 2007 through June 30, 2025, the Partnership has repurchased 1,553,365 Depositary Receipts at an average price of $32.30 per receipt (or $969 per underlying Class A Unit), 4,561 Class B Units and 240 General Partnership Units, both at an average price of $1,294 per Unit, totaling approximately $56,381,000 including brokerage fees paid by the Partnership .
−Removed: During the six months ended June 30, 2025, the Partnership purchased a total of 3,007 Depositary Receipts.
+Added: From August 20, 2007 through September 30, 2025, the Partnership has repurchased 1,554,701 Depositary Receipts at an average price of $33.09 per receipt (or $992.70 per underlying Class A Unit), 4,572 Class B Units and 241 General Partnership Units, both at an average price of $1,296 per Unit, totaling approximately $56.503,000 including brokerage fees paid by the Partnership .
+Added: During the nine months ended September 30, 2025, the Partnership purchased a total of 4,343 Depositary Receipts.
The average price was $75.61 per receipt, or $2,268.30 per unit.
−Removed: The cost including commission was approximately $233,168.The Partnership was required to repurchase 23.8 Class B Units and 1.3 General Partnership units at a cost of $55,081 and $3,367 respectively.
+Added: The cost including commission was approximately $330,666.
+Added: The Partnership was required to repurchase 34.4 Class B Units and 1.8 General Partnership units at a cost of $77,987 and $4,021 respectively
Defaults Upon Senior Securities
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.