Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 278

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 278
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 25th day
of the prior month (the “Series B Dividend Record Date”) (or if such payment date or record date is not a business day,
on the immediately preceding business day, with the same force and effect as if made on such date), unless our results of operations,
our general financing conditions, general economic conditions, applicable provisions of Maryland law or other factors make it imprudent
to do so. The initial Series B Dividend payable on each share of Series B Redeemable Preferred Stock will begin accruing on,
and will be cumulative from, the date of original issuance of such share of Series B Redeemable Preferred Stock. Each subsequent
Series B Dividend will begin accruing on, and will be cumulative from, the end of the most recent Series B Dividend Period for
which a Series B Dividend has been paid on each such share of Series B Redeemable Preferred Stock. A “Series B Dividend
Period” will be the respective period commencing on and including the first day of each month and ending on and including the day
preceding the first day of the next succeeding Series B Dividend Period (other than the initial Series B Dividend Period and
the Series B Dividend Period during which any shares of Series B Redeemable Preferred Stock shall be redeemed or otherwise acquired
by us). For the avoidance of doubt, any Series B Dividend may vary among holders of Series B Redeemable Preferred Stock and
may be prorated with respect to any shares of Series B Redeemable Preferred Stock that were outstanding less than the total number
of days in the Series B Dividend Period immediately preceding the applicable Series B Dividend Payment Date, with the amount
of any such prorated dividend being computed on the basis of the actual number of days in such Series B Dividend Period during which
such shares of Series B Redeemable Preferred Stock were outstanding.

Subject to the preferential
rights of the holders of any class or series of our capital stock ranking senior to our Series B Redeemable Preferred Stock, if any
such class or series is authorized in the future, holders of each share of Series B Redeemable Preferred Stock will also be entitled
to receive, if authorized by our board of directors and declared by us for any Series B Dividend Period, out of funds legally available
for the payment of dividends, special cash dividends on such share of Series B Redeemable Preferred Stock in amounts determined by
the board of directors (each,