Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 30

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 30
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 another company for cash, securities or other property, whether directly or indirectly through one of our subsidiaries, 
 as a precursor to such transaction; or                                                                                                       |

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| Series B Safeguard Policy |     | Our board of directors has adopted the Series B Redeemable Preferred Stock Redemption Safeguard Policy (the “Series B Safeguard Policy”) with respect to our Series B Redeemable Preferred Stock. The Series B Safeguard Policy is applicable in the event of any redemption of shares of Series B Redeemable Preferred Stock in shares of our Class A common stock rather than in cash (each, a “Series B Preferred Redemption in Common Stock”). The Series B Safeguard Policy provides that if, within 10 business days of any such Series B Preferred Redemption in Common Stock, any such shares of Class A common stock are sold at a loss (i.e. a lower price than the Series B Aggregate Redemption Value), the holder can apply to us for a cash payment to the holder in an amount equal to the difference between (i) the Series B Aggregate Redemption Value of the Class A common stock so issued, and (ii) the Series B Aggregate Sale Price at which such shares of Class A common stock were sold, subject to certain conditions and requirements as set forth in the Series B Safeguard Policy. The Series B Safeguard Policy applies both retroactively, and on a go-forward basis, to holders of our Series B Redeemable Preferred Stock. |

| Liquidation Preference |     | Upon any voluntary or involuntary liquidation, dissolution or winding-up of our affairs, before any distribution or payment shall be made to holders of our common stock or any other class or series of capital stock ranking junior to our shares of Series B Redeemable Preferred Stock, the holders of shares of Series B Redeemable Preferred Stock will be entitled to be paid out of our assets legally available for distribution to our stockholders, after payment or provision for our debts and other liabilities, a liquidation preference equal to the Stated Value per share, plus an amount equal to accrued but unpaid dividends, pari passu with the holders of shares of any other class or series of our capital stock ranking on parity with the Series B Redeemable Preferred Stock, including the Series A Redeemable Preferred Stock, as to the liquidation preference and/or accrued but unpaid dividends they are entitled to receive. |

| Voting Rights |     | The Series B Redeemable Preferred Stock generally has no voting rights. However, holders of shares of