SACHEM CAPITAL CORP. (NYSEMKT:SACH) Files An 8-K Results of Operations and Financial Condition
Item 2.02.
|
Results of Operations and Financial Condition. |
On May 17, 2017, Sachem Capital Corp. (Sachem) issued a press
release, a copy of which is attached hereto as Exhibit 99.1 and
is incorporated herein by reference, announcing financial results
for quarter ended March 31, 2017.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
|
Exhibit No. |
Description |
| 99.1 |
Press release, dated May 17, 2017, announcing financial results for quarter ended March 31, 2017. |
In accordance with General Instruction B.2 of Form 8-K, the
information in this Current Report on Form 8-K, furnished to Item
2.02, including Exhibit 99.1, shall not be deemed to be filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the liability
of that section, and shall not be incorporated by reference into
any registration statement or other document filed under the
Securities Act of 1933, as amended, or the Exchange Act, except
as shall be expressly set forth by specific reference in such
filing.
* * * * *
About SACHEM CAPITAL CORP. (NYSEMKT:SACH)
Sachem Capital Corp. is a real estate finance company. The Company specializes in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. The loan is also personally guaranteed by the principals of the borrower, which guaranty is typically collaterally secured by a pledge of the guarantor’s interest in the borrower. The Company’s primary objective is to grow its loan portfolio while preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term principally through dividends. It intends to achieve the objective by continuing to focus on selectively originating, managing and servicing a portfolio of first mortgage real estate loans designed to generate risk-adjusted returns across a variety of market conditions and economic cycles. As of June 30, 2016, the Company’s loan portfolio included 193 loans. SACHEM CAPITAL CORP. (NYSEMKT:SACH) Recent Trading Information
SACHEM CAPITAL CORP. (NYSEMKT:SACH) closed its last trading session up +0.08 at 4.94 with 633 shares trading hands.
