Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 101

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 101
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as to dividends and payments upon liquidation. Unless full cumulative dividends on shares of our Series B Redeemable Preferred
Stock and Series A Redeemable Preferred Stock for all past dividend periods have been declared and paid (or set apart for
payment), we will not declare or pay dividends with respect to any shares of our common stock for any period. Upon liquidation,
dissolution or winding up of our company, the holders of shares of our Series B Redeemable Preferred Stock are entitled to
receive a liquidation preference of $25.00 per share, plus an amount equal to all accrued and unpaid dividends, and holders of
shares of our Series A Redeemable Preferred Stock are entitled to receive a liquidation preference of $25.00 per share, plus an
amount equal to all accrued and unpaid dividends, in each case prior and in preference to any distribution to the holders of shares
of our common stock or any other class of our equity securities.

We will be able to call shares of Series B Redeemable Preferred Stock for redemption under certain circumstances without the consent of the holder.

We
will have the ability to call the outstanding shares of Series B Redeemable Preferred Stock after two years from the date of original
issuance of such shares of Series B Redeemable Preferred Stock. At that time, we will have the right to redeem, at our option, the
outstanding shares of Series B Redeemable Preferred Stock, in whole or in part, at 100% of the Stated Value per share, plus an amount
equal to any accrued and unpaid dividends.

Our requirement to redeem the Series B Redeemable Preferred Stock in the event of a Change of Control may, in either case, deter a change of control transaction otherwise in the best interests of our stockholders.

Upon
the occurrence of a Change of Control (as defined below) with respect to the Series B Redeemable Preferred Stock, we will be required
to redeem all outstanding shares of the Series B Redeemable Preferred Stock, in whole, within 60 days after the first date
on which such Change of Control occurred, in cash at a redemption price of $25.00 per share of Series B Redeemable Preferred Stock;
plus an amount equal to all accrued and unpaid dividends, if any, to and including the redemption date. The mandatory redemption feature
of each share of the Series B Redeemable Preferred Stock in connection with a Change of Control may each have the effect of inhibiting