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
Released February 16, 2023