Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 84

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 84
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 of preferred stock would dilute the interests of the holders of shares of preferred
stock of the applicable class or series, and any issuance of preferred stock senior to the Series B Redeemable Preferred Stock or
any other class or series of preferred stock, or any issuance of additional indebtedness, could affect our ability to pay dividends on,
redeem or pay the liquidation preference on any or all of the foregoing classes or series of preferred stock. We may issue preferred stock
on parity with the Series B Redeemable Preferred Stock without the consent of the holders of shares of Series B Redeemable Preferred
Stock. Other than the right of holders to cause us to redeem the Series B Redeemable Preferred Stock upon a Change of Control (as
defined below), none of the provisions relating to the Series B Redeemable Preferred Stock or any other class or series of preferred
stock relate to or limit our indebtedness or afford the holders of shares thereof protection in the event of a highly leveraged or other
transaction, including a merger or the sale, lease or conveyance of all or substantially all our assets or business, that might adversely
affect the holders of such shares.

In the event a holder of our Series B Redeemable Preferred Stock exercises their redemption option we may redeem such shares of Series B Redeemable Preferred Stock either for cash, or for shares of our Class A common stock, or any combination thereof, in our sole discretion.

If
we choose to redeem shares of our Series B Redeemable Preferred Stock for Class A common stock, the holder will receive shares
of our common stock and therefore be subject to the risks of ownership thereof. Ownership of shares of our Series B Redeemable Preferred
Stock will not give you the rights of holders of our Class A common stock. Until and unless you receive shares of our Class A
common stock upon redemption, you will have only those rights applicable to holders of our Series B Redeemable Preferred Stock.

The Series B Redeemable Preferred Stock has not been rated.

We
have not sought to obtain a rating for the Series B Redeemable Preferred Stock. No assurance can be given, however, that one or more
rating agencies might not independently determine to issue such ratings or that such a rating, if issued, would not adversely affect the
market price of the Series B Redeemable Preferred Stock. In addition, we may elect in the future to obtain a rating of the Series B
Redeemable Preferred Stock, which could adversely impact