Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 263

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 263
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 offered, the terms and conditions of such preferred stock, including any convertible preferred stock, will be set forth in articles
supplementary and described in a prospectus relating to the issuance of such preferred stock, if such preferred stock is registered.
Because our board of directors will have the power to establish the preferences and rights of each class or series of preferred stock,
it may afford the holders of any series or class of preferred stock preferences, powers, and rights senior to the rights of holders of
common stock or other preferred stock, subject to certain restrictions. If we ever authorize, create and issue additional preferred stock
with a distribution preference over common stock or preferred stock, payment of any distribution preferences of new outstanding preferred
stock would reduce the amount of funds available for the payment of distributions on the common stock and junior preferred stock. Further,
holders of preferred stock are normally entitled to receive a preference payment if we liquidate, dissolve, or wind up before any payment
is made to the common stockholders, likely reducing the amount common stockholders and junior preferred stockholders, if any, would otherwise
receive upon such an occurrence. In addition, under certain circumstances, the issuance of additional preferred stock may delay, prevent,
render more difficult or tend to discourage the following:

| · | a                                      
 merger tender offer, or proxy contest; |

| · | the                                                                      
 assumption of control by a holder of a large block of our securities; or |

| · | the                              
 removal of incumbent management. |

Also, subject to certain
restrictions, our board of directors, without stockholder approval, may issue additional preferred stock with voting and conversion rights
that could adversely affect the holders of common stock or preferred stock.

6.0% Series A Redeemable Preferred Stock

The following is a brief
description of the terms of our Series A Redeemable Preferred Stock. The description of our Series A Redeemable Preferred Stock
contained herein does not purport to be complete and is qualified in its entirety by reference to the Articles Supplementary classifying
shares of our preferred stock as shares of Series A Redeemable Preferred Stock (the “Series A Articles Supplementary”),
which have been filed with the SEC.

Rank. Our Series A
Redeemable Preferred Stock ranks, with respect to dividend rights and rights upon our liquidation, winding-up or dissolution:

| · | senior                                                                                                                                    
 to all classes or series of our common stock, and to any other class or series of our capital stock issued in the future unless the terms