Sachem Capital Corp. will fully repay and delist its 6.875% unsecured notes.

From GlobeNewswire: 2024-12-24 07:00:12

Sachem Capital Corp. (NYSE American: SACH) reminds holders that its 6.875% unsecured, unsubordinated Notes due December 30, 2024 will mature as scheduled, with redemption at par plus accrued interest. The last trading day for the Notes is expected to be December 27, 2024, with no Notes remaining outstanding after the maturity date. Note holders will receive the final payment on or before December 30, 2024, as detailed in the prospectus supplement, and no action is required by holders. Sachem Capital Corp. is a mortgage REIT specializing in short-term secured loans for real estate investors, with a conservative loan to value ratio. The company also makes opportunistic real estate purchases.



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