Sachem Capital Corp. (nyse american:SACH) appear today that on October 18, 2018 its lath of admiral accustomed and declared a allotment of $0.12 per allotment to be paid to shareholders of almanac as of October 30, 2018. The allotment will be payable on November 6, 2018.
John Villano, CPA, co-chief controlling administrator and arch banking administrator of Sachem Capital Corp., stated: “I am admiring to address the Lath accustomed an access in our annual allotment to $0.12 per share, a 9% access over our best contempo annual allotment payment. We are encouraged by the angle for the business and abide absolutely committed to our ambition of accouterment investors adorable risk-adjusted returns.”
About Sachem Capital, Corp.
Sachem Capital Corp. (the “Company”) specializes in originating, underwriting, funding, application and managing a portfolio of mortgage loans anchored by aboriginal mortgage liens on absolute acreage (referred to in the industry as “hard money” loans). Its barter accommodate absolute acreage investors and developers who use the gain of the loans to armamentarium their acquisition, renovation, development, rehabilitation and/or advance of backdrop amid primarily in Connecticut. The backdrop accepting the Company’s loans are about classified as residential or bartering absolute acreage and, typically, are captivated for resale or investment. The Company does not accommodate to buyer occupants. The Company’s primary underwriting belief is a bourgeois accommodation to amount ratio. The Company believes that it qualifies and operates as a absolute acreage advance assurance (REIT) for federal assets tax purposes.
Forward Attractive Statements
This columnist absolution may accommodate advanced statements. All statements added than statements of absolute facts independent in this columnist release, including statements apropos our approaching after-effects of operations and banking position, action and plans, and our expectations for approaching operations, are advanced statements. The words “anticipate,” “estimate,” “expect,” “project,” “plan,” “seek,” “intend,” “believe,” “may,” “might,” “will,” “should,” “could,” “likely,” “continue,” “design,” and the abrogating of such agreement and added words and agreement of agnate expressions are advised to analyze forward- attractive statements. These advanced statements are based on accepted expectations and projections about approaching contest and trends that the Company believes may affect its banking condition, after-effects of operations, strategy, concise and abiding business operations and objectives and banking needs. These advanced statements are accountable to several risks, uncertainties and assumptions as declared in the Company’s Annual Address 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 advanced contest and affairs discussed in this columnist absolution may not occur, and absolute after-effects could alter materially and abnormally from those advancing or adumbrated in the advanced statements. You should not await aloft advanced statements as predictions of approaching events. Although the Company believes that the expectations reflected in the advanced statements are reasonable, the Company cannot agreement approaching results, akin of activity, achievement or achievements. In addition, neither the Company nor any added being assumes albatross for the accurateness and abyss of any of these advanced statements. The Company disclaims any assignment to amend any of these advanced statements. All advanced statements attributable to us are especially able in their absoluteness by these cautionary statements as able-bodied as others fabricated in this columnist release. You should appraise all advanced statements fabricated by us in the ambience of these risks and uncertainties.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20181019005086/en/
SOURCE: Sachem Capital Corp.
Investor & Media: Crescendo Communications, LLC David Waldman, 212-671-1021 [email protected]
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