Company: SACH
Filing Date: 2025-05-28
Form Type: S-3/A
Source: 0001628280-25-028093
Chunk: 36

Company: Sachem Capital Corp.
Filing Date: 2025-05-28
Form: S-3/A
Chunk 36
---
 important to an investor in light of the particular investment strategies and goals or tax circumstances of such investor, or to investors subject to special tax rules, including:

• financial institutions;

• pass-through entities (such as entities treated as partnerships for U.S. federal income tax purposes);

• persons acting as nominees or otherwise not as beneficial owners;

• insurance companies;

• broker-dealers;

• except to the extent described in the discussion below entitled “— Taxation of U.S. Shareholders — Taxation of Tax-Exempt Shareholders,” tax-exempt organizations;

• dealers in securities or currencies;

• traders in securities that elect to use a mark to market method of accounting;

• persons that hold shares as part of a straddle, hedge, constructive sale, conversion transaction, or other integrated transaction for U.S. federal income tax purposes;

• regulated investment companies (“RICs”);

• REITs;

• certain U.S. expatriates;

• foreign (non-U.S.) governments;

• except to the extent described in the discussion below entitled “— Taxation of Non-U.S. Shareholders,” non-U.S. shareholders (as defined below);

• U.S. shareholders whose “functional currency” is not the U.S. dollar;

• persons who acquired their shares through the exercise of stock options or otherwise in connection with compensation;

• persons who do not hold their shares as a capital asset within the meaning of Section 1221 of the Code; and

• for purposes of the discussion below entitled “— Taxation of U.S. Shareholders,” persons subject to the alternative minimum tax under the Code.

<div align='center'>30</div>

For purposes of this discussion, a “U.S. shareholder” (or “U.S. stockholder”) means a beneficial owner of shares of our capital stock that is:

• an individual who is a citizen or resident of the United States for U.S. federal income tax purposes;

• an estate the income of which is subject to U.S. federal income taxation regardless of its source; or

• a trust that (A) is subject to the supervision of a court within the United States and the control of one or more U.S. persons or (B) was in existence on August 20, 1996, was treated as a U.S. person prior to such date and has a valid election in place to continue to be treated as a U.S. person, as defined in the Code.

If a partnership (or other entity or arrangement treated as a partnership