Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 90

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 90
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olders of the Series B Redeemable Preferred Stock will be subject to inflation risk.

Inflation
is the reduction in the purchasing power of money resulting from the increase in the price of goods and services. Inflation risk is the
risk that the inflation-adjusted, or “real,” value of an investment in preferred stock or the income from that investment
will be worth less in the future. As inflation occurs, the real value of the Series B Redeemable Preferred Stock and dividends payable
on such shares decline.

Holders of the Series B Redeemable Preferred Stock have extremely limited voting rights.

The
voting rights of holders of shares of Series B Redeemable Preferred Stock will be extremely limited. Our common stock is the only
class or series of our stock carrying full voting rights. Holders of Series B Redeemable Preferred Stock have certain limited voting
rights with respect to amendments to our charter that alter only the contract rights set forth therein of either (a) the Series B
Redeemable Preferred Stock, or (b) of any preferred stock (i) ranking on parity with the Series B Redeemable Preferred
Stock with respect to dividend rights and rights upon our liquidation, dissolution or winding up, and (ii) upon which like voting
rights have also been conferred. Other than in these limited circumstances, holders of Series B Redeemable Preferred Stock will generally
not have voting rights.

The amount of the liquidation preference is fixed and holders of Series B Redeemable Preferred Stock will have no right to receive any greater payment.

The
payment due upon liquidation is fixed at the liquidation preference of $25.00 per share of Series B 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 B
Redeemable Preferred Stock will have no right to receive or to participate in these amounts.

Our charter, including the articles supplementary establishing the Series B 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