Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 29

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 29
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, in our sole discretion, to pay the redemption price in cash or in equal value of shares of our Class A common stock, based             
 on the closing price per share of our Class A common stock for the single trading day prior to the date of redemption, in exchange            
 for the Series B Redeemable Preferred Stock.                                                                                                  
 Our ability to redeem shares of Series B                                                                                                      
 Redeemable Preferred Stock in cash may be limited to the extent that we do not have sufficient funds available to fund such cash redemption.  
 Further, our obligation to redeem any of the shares of Series B Redeemable Preferred Stock submitted for redemption in cash may be            
 further restricted by Maryland law.                                                                                                           |

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| Optional Redemption by the Company |     | After two years from the date of original issuance of the shares of Series B Redeemable Preferred Stock to be redeemed, we will have the right (but not the obligation) to redeem such shares of Series B Redeemable Preferred Stock at 100% of the Stated Value, initially $25.00 per share, plus an amount equal to any accrued but unpaid cash dividends. If we choose to redeem any shares of Series B Redeemable Preferred Stock, we have the right, in our sole discretion, to pay the redemption price in cash or in equal value of shares of our Class A common stock, based on the closing price per share of our Class A common stock for the single trading day prior to the date of redemption, in exchange for the Series B Redeemable Preferred Stock. |

| Change of Control Redemption by the Company |     | Upon the occurrence of a Change of Control (as defined below), we will be required to redeem all outstanding shares of the Series B Redeemable Preferred Stock in whole within 60 days after the first date on which such Change of Control occurred, in cash at a redemption price of $25.00 per share, plus an amount equal to all accrued but unpaid cash dividends, if any, to and including the redemption date. If the Maryland law solvency tests prohibit us from paying the full redemption price in cash, then we will pay such portion as would otherwise violate the solvency tests in shares of our Class A common stock to holders on a pro rata basis, based on the closing price per share of our Class A common stock for the single trading day prior to the date of redemption. Further, our obligation to redeem any of the shares of Series B Redeemable Preferred Stock in