Sachem Capital 7.125% Notes due 2024
By: Tim McPartland,
Date Issued 6/18/2021
Shares Issued 920,000 Overallotment 138,000
Security Ticker Symbol SCCB
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Market Traded ON AMEX
Interest Payment Paid on the 30th of March, June, September and December starting 9/30/2019
Quarterly Interest .445 Annual Interest 1.781
Securities may be redeemed, at the issuers option, as early as 6/30/2021 for a redemption price of $25/share plus accrued interest
Interest Payment Will NOT be Qualified Distributions
Maturity Date 06/30/2024
Click here to find the offering Prospectus and Final Pricing Document
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
