Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 345

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 345
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 that exceeds our current and accumulated earnings and profits. Consequently,
although we intend to withhold at a rate of 30% on the entire amount of any distribution, to the extent that we do not do so, we will
withhold at a rate of 15% on any portion of a distribution not subject to withholding at a rate of 30%. Because we generally cannot determine
at the time we make a distribution whether the distribution will exceed our current and accumulated earnings and profits, we normally
will withhold tax on the entire amount of any distribution at the same rate as we would withhold on a dividend. However, by filing a U.S.
tax return, a non-U.S. stockholder may claim a refund of amounts that we withhold if we later determine that a distribution in fact exceeded
our current and accumulated earnings and profits.

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For any year in which we qualify
as a REIT, a non-U.S. stockholder may incur tax on distributions that are attributable to gain from our sale or exchange of a USRPI under
FIRPTA. A USRPI includes certain interests in real property, and shares in corporations at least 50% of whose assets consist of interests
in real property. Under FIRPTA, subject to the exceptions discussed below for (1) distributions on a class of stock that is regularly
traded on an established securities market to a less-than-10% holder of such stock and (2) distributions to “qualified shareholders”
and “qualified foreign pension funds,” a non-U.S. stockholder is taxed on distributions attributable to gain from sales of
USRPIs as if such gain were effectively connected with a U.S. business of the non-U.S. stockholder. A non-U.S. stockholder thus would
be taxed on such a distribution at the normal U.S. federal capital gains rates applicable to U.S. stockholders, subject to applicable
alternative minimum tax and a special alternative minimum tax in the case of a nonresident alien individual. A corporate non-U.S. stockholder
not entitled to treaty relief or exemption also may be subject to the 30% branch profits tax on such a distribution. Unless the exception
described in the next paragraph applies, we must withhold 21% of any distribution that we could designate as a capital gain dividend.
A non-U.S. stockholder may receive a credit against its tax liability for the amount we withhold.

However, if our Series A
Redeemable Preferred