 BRANFORD, Conn., June 23, 2021 GLOBE NEWSWIRE -- Sachem Capital Corp. NYSE American: SACH today announced that it has commenced an underwritten public offering of its Series A Cumulative Redeemable Preferred Stock the Series A Preferred Stock. The terms of the offering, including the number of shares to be offered and sold and the dividend rate are to be determined by negotiations between the Company and the underwriters. The Series A Preferred Stock has a private credit rating of BBB from Egan-Jones Ratings Company, an independent unaffiliated rating agency. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Series A Preferred Stock on the same terms and conditions to cover overallotments, if any. 