Sachem Capital Corp. Announces Tax Reporting Information

BRANFORD, CT, February 15, 2023 – Sachem Capital Corp. (NYSE American: SACH) a financing company that specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans, today announced tax treatment for the Company's distributions on its common stock (CUSIP: 78590A109) and preferred stock (CUSIP: 78590A505) paid with respect to the calendar year ended December 31, 2022:

 

COMMON STOCK TAX INFORMATION

 

Box 1a

Box 1b 

Box 2a

Box 3

Box 5

Record Date

Payable Date

Rate per Share

Ordinary Dividends Per Share

Qualified Dividends Per Share

Total Capital Gain Per Share

Nondividend Dist. Per Share

Section 199A Dividends Per Share (1)

12/31/2021

01/10/2022

$0.120000

$0.120000

$0.000000

$0.000000

$0.000000

$0.120000

04/11/2022

04/18/2022

$0.120000

$0.120000

$0.000000

$0.000000

$0.000000

$0.120000

07/21/2022

07/28/2022

$0.140000

$0.140000

$0.000000

$0.000000

$0.000000

$0.140000

11/07/2022

11/14/2022

$0.130000

$0.130000

$0.000000

$0.000000

$0.000000

$0.130000

12/30/2022

01/10/2023

$0.130000

$0.130000

$0.000000

$0.000000

$0.000000

$0.130000

 

Total

$0.640000

$0.640000

$0.000000

$0.000000

$0.000000

$0.640000

(1) Amounts in Box 5 are included in Box 1a

 

PREFERRED STOCK TAX INFORMATION

 

Box 1a

Box 1b 

Box 2a

Box 3

Box 5

Record Date

Payable Date

Rate per Share

Ordinary Dividends Per Share

Qualified Dividends Per Share

Total Capital Gain Per Share

Nondividend Dist. Per Share

Section 199A Dividends Per Share (1)

03/15/2022

03/29/2022

$0.484375

$0.484375

$0.000000

$0.000000

$0.000000

$0.484375

06/15/2022

06/30/2022

$0.484375

$0.484375

$0.000000

$0.000000

$0.000000

$0.484375

09/15/2022

09/29/2022

$0.484375

$0.484375

$0.000000

$0.000000

$0.000000

$0.484375

12/15/2022

12/30/2022

$0.484375

$0.484375

$0.000000

$0.000000

$0.000000

$0.484375

 

Total

$1.937500

$1.937500

$0.000000

$0.000000

$0.000000

$1.937500

(1) Amounts in Box 5 are included in Box 1a

About Sachem Capital Corp.

Sachem Capital Corp. is a financing REIT that specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans. It offers short-term (i.e., three years or less) secured, non­banking loan to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties. The company’s primary underwriting criteria is a conservative loan to value ratio. The properties securing the loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is secured by a first mortgage lien on real estate and is personally guaranteed by the principal(s) of the borrower. The company will also make opportunistic real estate purchases apart from its lending activities.

Investors:

Email: investors@sachemcapitalcorp.com