Sachem Capital Corp. Announces Tax Reporting Information
GlobeNewswire Inc.
January 27, 2025 12:00PM GMT
BRANFORD, Conn., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today the 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, 2024:
COMMON STOCK TAX INFORMATION
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| Box 1a | Box 1b | Box 2a | Box 3 | Box 5 |
Record Date | Payable Date | Rate per | Ordinary | Qualified | Total Capital | Nondividend Dist. | Section 199A |
04/09/2024 | 04/16/2024 | $0.110000 | $0.000000 | $0.000000 | $0.000000 | $0.110000 | $0.000000 |
07/29/2024 | 08/06/2024 | $0.080000 | $0.000000 | $0.000000 | $0.000000 | $0.080000 | $0.000000 |
11/18/2024 | 11/26/2024 | $0.050000 | $0.000000 | $0.000000 | $0.000000 | $0.050000 | $0.000000 |
| Total | $0.240000 | $0.000000 | $0.000000 | $0.000000 | $0.240000 | $0.000000 |
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PREFERRED STOCK TAX INFORMATION
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| Box 1a | Box 1b | Box 2a | Box 3 | Box 5 |
Record Date | Payable Date | Rate per | Ordinary | Qualified | Total Capital | Nondividend Dist. | Section 199A |
03/15/2024 | 03/30/2024 | $0.484375 | $0.000000 | $0.000000 | $0.000000 | $0.484375 | $0.000000 |
06/15/2024 | 06/30/2024 | $0.484375 | $0.000000 | $0.000000 | $0.000000 | $0.484375 | $0.000000 |
09/15/2024 | 09/30/2024 | $0.484375 | $0.000000 | $0.000000 | $0.000000 | $0.484375 | $0.000000 |
12/15/2024 | 12/30/2024 | $0.484375 | $0.000000 | $0.000000 | $0.000000 | $0.484375 | $0.000000 |
| Total | $1.937500 | $0.000000 | $0.000000 | $0.000000 | $1.937500 | $0.000000 |
About Sachem Capital Corp.
Sachem Capital Corp. is a mortgage REIT that specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property. It offers short-term (i.e., three years or less) secured, nonbanking loans 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 also makes opportunistic real estate purchases apart from its lending activities.
CONTACT: Investors:
Email: investors@sachemcapitalcorp.com
