Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 337

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 337
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 our ordinary REIT dividends, if any, that are (1) attributable to dividends
received by us from non-REIT corporations, such as any TRS we may form and (2) attributable to income upon which we have paid U.S.
federal corporate income tax (e.g., to the extent that we distribute less than 100% of our taxable income). In general, to qualify for
the reduced tax rate on qualified dividend income, a stockholder must hold our capital stock for more than 60 days during the 121-day
period beginning on the date that is 60 days before the date on which our capital stock becomes ex-dividend.

Individuals, trusts and estates
whose income exceeds certain thresholds are also subject to an additional 3.8% Medicare tax on dividends received from us. U.S. stockholders
are urged to consult their tax advisors regarding the implications of the additional Medicare tax resulting from an investment in our
capital stock.

A U.S. stockholder generally
will recognize distributions that we designate as capital gain dividends as long-term capital gain without regard to how long the U.S.
stockholder has held our Series A Redeemable Preferred Stock. We generally will designate our capital gain dividends as either 20%
or 25% U.S. federal income tax rate distributions. See “—Capital Gains and Losses.” A corporate U.S. stockholder, however,
may be required to treat up to 20% of certain capital gain dividends as ordinary income.

We may elect to retain and
pay income tax on the net long-term capital gain that we recognize in a taxable year. In that case, to the extent that we designate such
amount in a timely notice to such stockholder, a U.S. stockholder would be taxed on its proportionate share of our undistributed long-term
capital gain. The U.S. stockholder would receive a credit for its proportionate share of the tax we paid. The U.S. stockholder would increase
the basis in its stock by the amount of its proportionate share of our undistributed long-term capital gain, minus its share of the tax
we paid.

A U.S. stockholder will not
incur tax on a distribution in excess of our current and accumulated earnings and profits if the distribution does not exceed the adjusted
basis of the U.S. stockholder’s capital stock. Instead, the distribution will reduce the U.S. stockholder’s adjusted basis
in such stock. If a U.S. stock