0001353098-23-000004.txt : 20230512 0001353098-23-000004.hdr.sgml : 20230512 20230512141007 ACCESSION NUMBER: 0001353098-23-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230512 DATE AS OF CHANGE: 20230512 EFFECTIVENESS DATE: 20230512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cutler Capital Management, LLC CENTRAL INDEX KEY: 0001353098 IRS NUMBER: 043469688 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11849 FILM NUMBER: 23914789 BUSINESS ADDRESS: STREET 1: 306 MAIN STREET CITY: WORCESTER STATE: MA ZIP: 01608 BUSINESS PHONE: 508-757-4455 MAIL ADDRESS: STREET 1: 306 MAIN STREET CITY: WORCESTER STATE: MA ZIP: 01608 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001353098 XXXXXXXX 03-31-2023 03-31-2023 Cutler Capital Management, LLC
306 MAIN STREET WORCESTER MA 01608
13F HOLDINGS REPORT 028-11849 N
Geoffrey Dancey Managing Partner 5087574455 Geoffrey Dancey Worcester MA 05-12-2023 0 105 224255517 false
INFORMATION TABLE 2 13FQ1-23.xml AGNICO EAGLE COM 008474108 BBG000DLVDK3 6964506 136639 SH SOLE 30000 0 106639 ABBVIE COM 00287Y109 BBG0025Y4RY4 637481 4000 SH SOLE 0 0 4000 ALBERTSONS COM 013091103 BBG009KG1750 1992404 95881 SH SOLE 0 0 95881 ALERUS FINAN COM 01446U103 BBG000BTXSH7 2482312 154661 SH SOLE 76000 0 78661 AMERICAN INTL COM 026874784 BBG000BBDZG3 1636700 32500 SH SOLE 32500 0 0 AMERIS BANCORP COM 03076K108 BBG000CDY3H5 1641996 44888 SH SOLE 0 0 44888 APPLE HOSPITLITY COM 03784Y200 BBG006473QX9 1097473 70713 SH SOLE 0 0 70713 AT&T INC COM 00206R102 BBG000BSJK37 2194759 114013 SH SOLE 55000 0 59013 BANK BOTETOURT COM 063907208 BBG000HLXBR4 3070526 100344 SH SOLE 81000 0 19344 BECTON DICKSON COM 075887109 BBG000BCZYD3 395816 1599 SH SOLE 0 0 1599 BENCHMARK BANK COM 08160E207 BBG000C0VW37 3213000 140000 SH SOLE 109000 0 31000 BERKSHIRE HATH COM CLASS B 084670702 BBG000DWG505 412517 1336 SH SOLE 0 0 1336 BEYOND MEAT DEB 08862EAB5 BBG00ZHF0G31 290625 1250000 PRN SOLE 1250000 0 0 BLUE RIDGE BANK COM 095825105 BBG000BJ7RY1 2414340 236700 SH SOLE 179000 0 57700 BUNGE LIMITED COM G16962105 BBG000DGPR66 6992656 73206 SH SOLE 26000 0 47206 CAMBRIDGE BANC COM 132152109 BBG000C2D195 2440204 37652 SH SOLE 30500 0 7152 CHEGG INC DEB 163092AD1 BBG00NNWBHW8 227500 260000 PRN SOLE 0 0 260000 CHESAPEAKE FINL COM 16517A109 BBG000DWJWQ5 3941625 172500 SH SOLE 106500 0 66000 CITIZENS BANC COM 17316V104 BBG000BT7R42 590000 20000 SH SOLE 20000 0 0 COMMUNITY WEST COM 204157101 BBG000JF5K69 3971944 313988 SH SOLE 173000 0 140988 CTO REALTY COM 22948Q101 BBG00Y3M1H59 1318516 76391 SH SOLE 0 0 76391 CSB BANCORP COM 12628R107 BBG000BS4616 2565000 67500 SH SOLE 67500 0 0 DIGITALBRIDGE DEB 19624RAA4 BBG004DSLDX7 365000 365000 PRN SOLE 0 0 365000 EAGLE BANCORP COM 26942G100 BBG000BSHXP7 987700 70000 SH SOLE 48000 0 22000 ENERGIZER COM 29272W109 BBG006FCB019 4525665 130423 SH SOLE 44000 0 86423 ENERGY TRANSFER MLP PARTENRSHIP SHARES 29273V100 BBG000BM2FL9 5135732 411847 SH SOLE 0 0 411847 EPR PROPERTIES PFD 26884U208 BBG000002LY2 1027950 57750 SH SOLE 45000 0 12750 EXCHANGE BANK COM 301227203 BBG000BHWS66 7639698 74899 SH SOLE 23500 0 51399 EZCORP DEB 302301AF3 BBG00H1P9M61 260327 245000 PRN SOLE 0 0 245000 FIDELITY ENERGY ETF COM 316092402 BBG005FHW2W9 4514502 201181 SH SOLE 71000 0 130181 FINANCIAL INST COM 317585404 BBG000BY1L13 771200 40000 SH SOLE 40000 0 0 FINWARD COM 31812F109 BBG000BRR418 218221 7499 SH SOLE 0 0 7499 FIRST BUSINESS COM 319390100 BBG000QK39V9 4436917 145425 SH SOLE 92500 0 52925 FIRST COMMUNITY COM 319835104 BBG000BRD351 1530000 76500 SH SOLE 76500 0 0 FIRST LONG ISLAND COM 320734106 BBG000BJMDS2 608504 45074 SH SOLE 0 0 45074 FIRST NATL AK COM 32112J106 BBG000P4BDT1 1651103 8297 SH SOLE 5376 0 2921 FIRST NATIONAL COM 302578109 BBG000BP3SJ6 1488777 240125 SH SOLE 41532 0 198593 FIRST NATIONAL COM 32106V107 BBG000GMKH30 3115187 197039 SH SOLE 132012 0 65027 FSBH CORP COM 30325F101 BBG000QGFDR1 1422750 189700 SH SOLE 180000 0 9700 FIRST TRUST COM 33736Q104 BBG000N6XBP2 317882 7394 SH SOLE 0 0 7394 F&M BANCORP COM 30237P106 BBG000BQGRG5 2678280 133914 SH SOLE 82500 0 51414 FORD MOTOR DEB 345370CZ1 BBG00ZNKGD88 116883 117000 PRN SOLE 0 0 117000 FRANKLIN FINL COM 353525108 BBG000BS5205 978573 33015 SH SOLE 0 0 33015 GLOBAL MEDICAL COM 37954A204 BBG0027F2B89 2963002 325247 SH SOLE 115100 0 210147 GREAT AJAX PFD 38983D409 BBG00GH3MP63 1376653 56910 SH SOLE 0 0 56910 GUIDEWIRE DEB 40171VAA8 BBG00K9FN239 165665 170000 PRN SOLE 0 0 170000 HANCOCK WHITNEY COM 410120109 BBG000CBC7D8 374805 10297 SH SOLE 0 0 10297 HARBOR CUSTOM PFD 41150T207 BBG011BYJCC9 3259690 581050 SH SOLE 150000 0 431050 HCI GROUP COM 40416E103 BBG000F4DVC8 1959691 36561 SH SOLE 0 0 36561 HOPE BANCORP DEB 43940TAB5 BBG00KVSYSJ0 284445 294000 PRN SOLE 0 0 294000 INNOVIVA DEB 45781MAB7 BBG00HBWGVV9 1337560 1405000 PRN SOLE 0 0 1405000 INTL BUS MACHINE COM 459200101 BBG000BLNNH6 1001921 7643 SH SOLE 0 0 7643 INTL FLAVORS COM 459506101 BBG000BLSL58 4735245 51492 SH SOLE 9600 0 41892 INVESCO TR INVT CEF COM 46131M106 BBG000CQLM15 865006 86117 SH SOLE 0 0 86117 ISHARES CORE ETF COM 464287663 BBG000C183Y1 354144 4800 SH SOLE 0 0 4800 KEYCORP COM 493267108 BBG000BMQPL1 499483 39895 SH SOLE 0 0 39895 KKR REAL ESTATE DEB 48251KAB6 BBG00KXN8GF8 193050 195000 PRN SOLE 0 0 195000 LEDYARD FINANCIAL COM 523338101 BBG000BF5QK8 5603478 329229 SH SOLE 139000 0 190229 LEGAND PHARMA DEB 53220KAF5 BBG00KXRV5J3 297084 300000 PRN SOLE 0 0 300000 LYFT INC DEB 55087PAB0 BBG00TSW3BY0 776968 885000 PRN SOLE 0 0 885000 LXP INDUSTRIAL COM 529043101 BBG000BL3355 2619466 254070 SH SOLE 0 0 254070 M&T BANK COM 55261F104 BBG000D9KWL9 336968 2818 SH SOLE 0 0 2818 MAIN STREET BANC COM 56064Y100 BBG000QRB2P7 1919459 81714 SH SOLE 16000 0 65714 MCHENRY BANCORP COM 580683209 BBG003BCFCH3 711200 28000 SH SOLE 28000 0 0 MEDICAL PRTY COM 58463J304 BBG000BGRB25 1982080 241129 SH SOLE 0 0 241129 MERCHANTS FINAN COM 588538108 BBG000BNQ2W8 1523340 54600 SH SOLE 54600 0 0 MERCK COM 58933Y105 BBG000BPD168 8156973 76670 SH SOLE 20000 0 56670 METLIFE COM 59156R108 BBG000BB6KF5 9877978 170486 SH SOLE 54000 0 116486 MICROSOFT COM 594918104 BBG000BPH459 214489 744 SH SOLE 0 0 744 NRG ENERGY DEB 629377CG5 BBG00KZVCZR8 2286187 2225000 PRN SOLE 500000 0 1725000 NEW MOUNTAIN DEB 647551AC4 BBG00LQC6485 154031 155000 PRN SOLE 0 0 155000 NY COMM BANC PFD 64944P307 BBG0000072G9 3424756 88495 SH SOLE 0 0 88495 ORRSTOWN FINL COM 687380105 BBG000BRRN07 1389068 69943 SH SOLE 69943 0 0 PACWEST BANC PFD 695263202 BBG017WNHPC0 374693 25300 SH SOLE 0 0 25300 PARKE BANCORP COM 700885106 BBG000C3LQ53 5358677 301388 SH SOLE 106000 0 195388 PARSONS CORP DEB 70202LAB8 BBG00WS64NS0 110200 100000 PRN SOLE 0 0 100000 PFIZER COM 717081103 BBG000BR2B91 6968502 170797 SH SOLE 40000 0 130797 POTOMAC BANCSH COM 737643106 BBG000BKV9Y1 2898500 170500 SH SOLE 125000 0 45500 PRA GROUP DEB 69354NAB2 BBG00GSML5B8 3222450 3255000 PRN SOLE 0 0 3255000 READY CAPITAL PFD 75574U200 BBG00HD3T1G0 1216763 48729 SH SOLE 0 0 48729 RPT REALTY PFD 74971D200 BBG001M0RDL1 3119822 65639 SH SOLE 28000 0 37639 SB FINANCIAL COM 78408D105 BBG000BJQTT2 5599691 396298 SH SOLE 132300 0 263998 SEACOAST BANKING COM 811707801 BBG000KK3464 244250 10306 SH SOLE 0 0 10306 SFL CORP DEB 824689AG8 BBG00KNSGHC0 3683831 3715000 PRN SOLE 0 0 3715000 SHELL PLC ADR SHARES 780259305 BBG0147BN6G2 4845134 84205 SH SOLE 25000 0 59205 SOLVAY BANK COM 83441Q105 BBG000BJHYD8 2122694 68474 SH SOLE 54672 0 13802 SOUTH STATE COM 840441109 BBG000BNPYN9 392347 5506 SH SOLE 0 0 5506 SPDR S&P 500 ETF COM 78462F103 BBG000BDTBL9 284682 695 SH SOLE 0 0 695 SPOTIFY DEB 84921RAB6 BBG00ZFDC5N7 255285 305000 PRN SOLE 0 0 305000 STARWOOD PRPTY DEB 85571BAH8 BBG00GBFST77 319995 320000 PRN SOLE 0 0 320000 SUPERNUS PHARMA DEB 868459AD0 BBG00K9Y6NS4 141980 142000 PRN SOLE 0 0 142000 TIMBERLAND BANK COM 887098101 BBG000C0B093 7699601 284959 SH SOLE 90000 0 194959 TOTAL ENERGIES ADR SHARES 89151E109 BBG000CHZ857 724307 12266 SH SOLE 0 0 12266 TYSON FOODS COM 902494103 BBG000DKCC19 3339018 56288 SH SOLE 18000 0 38288 VANECK VECTORS ETF COM 92189F106 BBG000PLNQN7 467550 14453 SH SOLE 0 0 14453 VANECK VECTORS ETF COM 92189F643 BBG002XRNH24 762730 10339 SH SOLE 0 0 10339 VANECK ETF COM 92189F122 BBG00MF4XK69 109016 3225 SH SOLE 0 0 3225 VANGUARD S&P 500 ETF COM 922908363 BBG0015VYNT4 555420 1477 SH SOLE 0 0 1477 VERIZON COM 92343V104 BBG000HS77T5 3041743 78214 SH SOLE 0 0 78214 VIATRIS INC COM 92556V106 BBG00Y4RQNH4 3527329 366666 SH SOLE 66000 0 300666 VICI PRPTY COM 925652109 BBG00HVVB499 3029965 92887 SH SOLE 45000 0 47887 WARNER BROS COM 934423104 BBG011386VF4 186077 12323 SH SOLE 0 0 12323 WESTERN DIGITAL DEB 958102AP0 BBG00JXH24X7 212080 220000 PRN SOLE 0 0 220000 WEYERHAEUSER COM 962166104 BBG000BX3BL3 4514549 149836 SH SOLE 40000 0 109836