Sachem Capital Corp. Increases Quarterly Dividend to $0.12 Per Share
Sachem Capital Corp. (NYSE American: SACH) announced today that on October 18, 2018 its board of directors authorized and
declared a dividend of $0.12 per share to be paid to shareholders of record as of October 30, 2018. The dividend will be payable on
November 6, 2018.
John Villano, CPA, co-chief executive officer and chief financial officer of Sachem Capital Corp., stated: “I am pleased to
report the Board approved an increase in our quarterly dividend to $0.12 per share, a 9% increase over our most recent quarterly
dividend payment. We are encouraged by the outlook for the business and remain fully committed to our goal of providing investors
attractive risk-adjusted returns.”
About Sachem Capital, Corp.
Sachem Capital Corp. (the “Company”) specializes in originating, underwriting, funding, servicing and managing a portfolio of
mortgage loans secured by first mortgage liens on real property (referred to in the industry as “hard money” loans). Its customers
include real estate investors and developers who use the proceeds of the loans to fund their acquisition, renovation, development,
rehabilitation and/or improvement of properties located primarily in Connecticut. The properties securing the Company’s loans are
generally classified as residential or commercial real estate and, typically, are held for resale or investment. The Company does
not lend to owner occupants. The Company’s primary underwriting criteria is a conservative loan to value ratio. The Company
believes that it qualifies and operates as a real estate investment trust (REIT) for federal income tax purposes.
Forward Looking Statements
This press release may contain forward-looking statements. All statements other than statements of historical facts contained
in this press release, including statements regarding our future results of operations and financial position, strategy and plans,
and our expectations for future operations, are forward-looking statements. The words “anticipate,” “estimate,” “expect,”
“project,” “plan,” “seek,” “intend,” “believe,” “may,” “might,” “will,” “should,” “could,” “likely,” “continue,” “design,” and the
negative of such terms and other words and terms of similar expressions are intended to identify forward- looking statements. These
forward-looking statements are based on current expectations and projections about future events and trends that the Company
believes may affect its financial condition, results of operations, strategy, short-term and long-term business operations and
objectives and financial needs. These forward-looking statements are subject to several risks, uncertainties and assumptions as
described in the Company’s Annual Report on Form 10-K for 2017 filed with the U.S. Securities and Exchange Commission on April 2,
2018. Because of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press
release may not occur, and actual results could differ materially and adversely from those anticipated or implied in the
forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although the
Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee
future results, level of activity, performance or achievements. In addition, neither the Company nor any other person assumes
responsibility for the accuracy and completeness of any of these forward-looking statements. The Company disclaims any duty to
update any of these forward-looking statements. All forward-looking statements attributable to us are expressly qualified in their
entirety by these cautionary statements as well as others made in this press release. You should evaluate all forward-looking
statements made by us in the context of these risks and uncertainties.
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Investor & Media:
Crescendo Communications, LLC
David Waldman, 212-671-1021
sach@crescendo-ir.com
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