Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 87

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 87
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 A Redeemable Preferred Stock, plus
an amount equal to all accrued and unpaid dividends thereon, to and including the date of payment, whether or not authorized or declared.
If, in the case of our liquidation, there are remaining assets to be distributed after payment of this amount, holders of Series A
Redeemable Preferred Stock will have no right to receive or to participate in these amounts.

Our charter, including the articles supplementary establishing the Series A Redeemable Preferred Stock, contains restrictions upon ownership and transfer of such preferred stock which may impair the ability of holders to acquire such preferred stock and the shares of our Class A common stock into which shares thereof may be converted, at the company’s option, pursuant to the redemption at the option of the holder under certain circumstances.

Our
charter, including the articles supplementary establishing the Series A Redeemable Preferred Stock, contains restrictions on ownership
and transfer of the Series A Redeemable Preferred Stock, which restrictions are intended to assist us in qualifying and maintaining
our qualification as a REIT for U.S. federal income tax purposes. For example, to assist us in qualifying as a REIT, the articles supplementary
establishing the Series A Redeemable Preferred Stock prohibits anyone from owning, or being deemed to own by virtue of the applicable
constructive ownership provisions of the Code, more than 9.8% in value or number of shares, whichever is more restrictive, of the outstanding
Series A Redeemable Preferred Stock. You should consider these ownership limitations prior to a purchase of shares of our Series A
Redeemable Preferred Stock.

Our ability to pay dividends or redeem shares is limited by the requirements of Maryland law.

Our
ability to pay dividends on or redeem shares of the Series A Redeemable Preferred Stock is limited by the laws of Maryland. Under
applicable Maryland law, a Maryland corporation generally may not make a distribution (including a dividend or redemption) if, after giving
effect to the distribution, the corporation would not be able to pay its debts as the debts become due in the usual course of business,
or the corporation’s total assets would be less than the sum of its total liabilities plus, unless the corporation’s charter
provides otherwise, the amount that would be needed, if the corporation were dissolved at the time of the distribution, to satisfy the
preferential rights upon dissolution of stockholders whose preferential rights are superior to those receiving the distribution. Accordingly,
we generally may not make a distribution on Series A Redeem