Company: SACH
Filing Date: 2025-05-16
Form Type: S-3
Source: 0001628280-25-026169
Chunk: 34

Company: Sachem Capital Corp.
Filing Date: 2025-05-16
Form: S-3
Chunk 34
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 in this section. The discussion is also based upon the assumption that we will operate in accordance with our respective applicable organizational documents. This discussion is for general information only, and does not purport to discuss all aspects of U.S. federal income taxation that may be 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.

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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, 199