Price of the preferred share offering by Sachem Capital Corp.

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BANFORD, Connecticut, June 23, 2021 (GLOBE NEWSWIRE) – Sachem Capital Corp. (NYSE American: SACH) announced today that it has priced a subscribed public offering of 1,700,000 shares of its 7.75% cumulative redeemable preferred shares, Series A (the “Preferred Shares Series A” ) at a public offering price of $ 25.00 per share, which will result in net proceeds to the Company of approximately $ 40.8 million after payment of the subscription rebates and commissions and the estimated offering fees payable by the Society. The Series A preferred shares have a private credit rating of “BBB” assigned by Egan-Jones Ratings Company, an independent, unaffiliated rating agency. In addition, the Company has granted the underwriters a 30 day option to purchase up to 255,000 additional Series A preferred shares on the same terms and conditions to cover over-allotments, if any.

The offer is scheduled to close on June 29, 2021, subject to customary closing conditions. The Company intends to list the Series A Preferred Shares on the NYSE American under the symbol “SACHPRA” and expects trading to commence on or around July 6, 2021.

Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and William Blair & Company, LLC are acting as co-book managers for the offering. Aegis Capital Corp. acts as co-manager of the offer.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement, dated June 23, 2021, and the accompanying base prospectus, dated June 17, 2021 (collectively, the “Prospectus”), which have been filed with the Securities and Exchange Commission (“SEC”), contain this and other information about the Company and should be read carefully before investing. The information contained in the Prospectus and this press release is not complete and may be amended. The Prospectus and this press release do not constitute offers to sell these securities and do not solicit an offer to buy such securities in a State where such an offer or sale is not authorized.

An in-store registration statement relating to these securities is filed with the SEC and has been declared effective by the SEC. Offer may only be made by way of prospectus and related prospectus supplement, copies of which may be obtained in the following ways: by writing to Ladenburg Thalmann & Co. Inc. at 640 Fifth Avenue, 4th Floor, New York, New York 10019, by calling toll free 1-800-573-2541 or by sending an email to: [email protected]; by writing to Janney Montgomery Scott LLC at 1717 Arch Street Philadelphia, PA 19103, by calling the toll free number 1-800-526-6397 or by sending an e-mail to: [email protected]; or by writing to William Blair & Company, LLC at 150 North Riverside Plaza, Chicago, Illinois 60606, calling toll-free 1-800-621-0687 or emailing [email protected] Copies can also be obtained free of charge by visiting EDGAR on the SEC’s website at http://www.sec.gov.

Egan-Jones Ratings Company is a Nationally Recognized Statistical Rating Organization (NRSRO) and is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). Egan-Jones is also certified by the European Securities and Markets Authority (ESMA). A security rating is not a recommendation to buy, sell or hold securities, and such rating may be revised or withdrawn at any time by the applicable rating agency.

About Sachem Capital Corp.

Sachem Capital Corp. specializes in the issuance, underwriting, financing, management and management of a portfolio of senior mortgages. It offers in the short term (that is to say, three years or less) secured non-bank loans (sometimes referred to as “hard money” loans) to real estate investors to finance their acquisition, renovation, development, rehabilitation or improvement of properties located primarily in Connecticut. The company does not lend to owner-occupiers. The company’s main underwriting criterion is a prudent loan-to-value ratio. The properties securing the company’s loans are generally classified as residential or commercial real estate and generally are held for resale or investment. Each loan is secured by a first mortgage on real estate. Each loan is also personally guaranteed by the principal (s) of the borrower, which collateral can be secured by a pledge of the guarantor’s interest in the borrower. The company also makes opportunistic real estate purchases outside of its lending business. The company believes it qualifies as a real estate investment trust (REIT) for federal income tax purposes and has elected to be taxed as a REIT as of its 2017 tax year.

Forward-looking statements

This hurry Release may contain looking to the future statements. All statements other than statements of historical facts content in this hurry Release, including statements In regards to our future results of operations and financial position, strategy and plans, and our expectations for future operations, are looking to the future statements. the words “to anticipate,” “estimate,” “expect,” “project,” “plan,” “search,” ” intend “ “believe,” “may,” “strength,” “will,” “should,” “could,” “likely,” “Carry on,” “design,” and the negative of Phone terms and other words and terms of similar expressions are destined at identify before- staring statements.

We to have based these looking to the future statements largely at our current expectations and projections about future events and tendencies this we believe may affect our financial state, results of operations, strategy, short term and long term business operations and Goals and financial Needs. These looking to the future statements are matter several risks, uncertainties and assumptions as described in our Annual Report on Form 10-K for 2020 filed with the United States Securities and Exchange Commission on March 31, 2021. Because of these risks, uncertainties and hypotheses, the looking to the future events and conditions discussed in this hurry Release may do not happen, and real results could to differ materially and unfavorably of those anticipated or implicit in the forward-looking statements.

You should do not count sure looking to the future statements as predictions of future events. Even if we believe this the expectations reflected in the looking to the future statements are reasonable, we can not guarantee future results, level of activity, performance or achievements. In addition, or we or any other nobody Assumed responsibility for the precision and completeness of any of these looking to the future statements. We disavow any duty at update any of these forward-looking statements.

All looking to the future statements attributable at we are expressly qualified in their entirety through these precautionary statements as good as other made in this hurry Release. You should assess all forward-looking statements made through we in the the context of these risks and uncertainties.

Investor and media contact:
Crescendo Communications, LLC
Email: [email protected]
Phone. : (212) 671-1021



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