Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 95

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 95
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generally not have voting rights.

The amount of the liquidation preference is fixed and holders of Series B Redeemable Preferred Stock will have no right to receive any greater payment.

The
payment due upon liquidation is fixed at the liquidation preference of $25.00 per share of Series B Redeemable Preferred Stock,
plus an amount equal to all accrued and unpaid dividends thereon, to and including the date of payment, whether or not authorized or
declared. If, in the case of our liquidation, there are remaining assets to be distributed after payment of this amount, holders of Series B
Redeemable Preferred Stock will have no right to receive or to participate in these amounts.

Our charter, including the articles supplementary establishing the Series B Redeemable Preferred Stock, contains restrictions upon ownership and transfer of such preferred stock which may impair the ability of holders to acquire such preferred stock and the shares of our Class A common stock into which shares thereof may be converted, at the company’s option, pursuant to the redemption at the option of the holder under certain circumstances.

Our
charter, including the articles supplementary establishing the Series B Redeemable Preferred Stock, contains restrictions on
ownership and transfer of the Series B Redeemable Preferred Stock, which restrictions are intended to assist us in qualifying
and maintaining our qualification as a REIT for U.S. federal income tax purposes. For example, to assist us in qualifying as a REIT,
the articles supplementary establishing the Series B Redeemable Preferred Stock prohibits anyone from owning, or being deemed
to own by virtue of the applicable constructive ownership provisions of the Code, more than 9.8% in value or number of shares,
whichever is more restrictive, of the outstanding Series B Redeemable Preferred Stock. See “Description of Capital Stock
— Restrictions on Ownership and Transfer” in this prospectus. You should consider these ownership limitations prior to a
purchase of shares of our Series B Redeemable Preferred Stock.

Our ability to pay dividends or redeem shares is limited by the requirements of Maryland law.

Our
ability to pay dividends on or redeem shares of the Series B Redeemable Preferred Stock is limited by the laws of Maryland. Under
applicable Maryland law, a Maryland corporation generally may not make a distribution (including a dividend or redemption) if, after
giving effect to the distribution, the corporation would not be able to pay its debts as the debts become due in the usual course of
business, or the corporation’s total assets would