Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 124

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 124
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 sole discretion of our board of directors on
a quarterly basis. When determining the amount of future distributions, we expect that our board of directors will consider, among other
factors, (i) the amount of cash generated from our operating activities, (ii) our expectations of future operating cash flows,
(iii) our determination of near-term cash needs for acquisitions of new properties, development investments, general property capital
improvements and debt repayments, (iv) our ability to continue to access additional sources of capital, (v) the requirements
of Maryland law, (vi) the amount required to be distributed to maintain our qualification as a REIT and to reduce any income and
excise taxes that we otherwise would be required to pay and (vii) any limitations on our distributions contained in our credit or
other agreements.

Subject to the preferential
rights of the holders of any class or series of our capital stock ranking senior to the Series A Redeemable Preferred Stock if any
such class or series is authorized in the future, the holders of Series A Redeemable Preferred Stock are entitled to receive, when
and as authorized by our board of directors and declared by us out of legally available funds, cumulative cash dividends on each share
of Series A Redeemable Preferred Stock at an annual rate of 6.0% of the Stated Value of $25.00 per share (each, a “Series A
Regular Dividend”). In addition, for each month for which the board of directors declares a Series A Regular Dividend, holders
of shares of the Series A Redeemable Preferred Stock will be entitled to receive an enhanced special dividend, which will be aggregated
with the Series A Regular Dividend so as to effect a dividend rate of the average one month Term Secured Overnight Financing Rate
(“SOFR”) plus 2.0%, subject to a 6.5% minimum and 8.5% maximum annual rate, calculated and paid monthly (each, a “Series A
Enhanced Dividend,” and together with the Series A Regular Dividend, a “Series A Cash Dividend”). We expect
Series A Cash Dividends will be authorized and declared on a quarterly basis, payable monthly on the 5th day of the month to holders
of record as of the close of business on the 25th day of the prior month (or if such payment date or record date is not a business day,
on the immediately preceding business day, with the same