Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 268

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 268
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idend
Period for which a Series A Cash Dividend has been paid on each such share of Series A Redeemable Preferred Stock. A “Series A
Cash Dividend Period” will be the respective period commencing on and including the first day of each month and ending on and including
the day preceding the first day of the next succeeding Series A Cash Dividend Period (other than the initial Series A Cash
Dividend Period and the Series A Cash Dividend Period during which any shares of Series A Redeemable Preferred Stock shall
be redeemed or otherwise acquired by us). For the avoidance of doubt, any Series A Cash Dividend may vary among holders of Series A
Redeemable Preferred Stock and may be prorated with respect to any shares of Series A Redeemable Preferred Stock that were outstanding
less than the total number of days in the Series A Cash Dividend Period immediately preceding the applicable dividend payment date,
with the amount of any such prorated dividend being computed on the basis of the actual number of days in such Series A Cash Dividend
Period during which such shares of Series A Redeemable Preferred Stock were outstanding.

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The timing and amount of
dividends on the Series A Redeemable Preferred Stock will be determined by our board of directors, in its sole discretion, and may
vary from time to time. All such dividends will accrue and be paid on the basis of a 360-day year consisting of twelve 30-day months.
Dividends on the Series A Redeemable Preferred Stock will accrue whether or not (i) we have earnings, (ii) there are funds
legally available for the payment of such dividends and (iii) such dividends are authorized by our board of directors or declared
by us. Accrued dividends on the Series A Redeemable Preferred Stock will not bear interest.

Holders of shares of our
Series A Redeemable Preferred Stock are not entitled to any dividend in excess of full dividends on shares of our Series A
Redeemable Preferred Stock. Unless full dividends on shares of our Series A Redeemable Preferred Stock for all past dividend periods
have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof in full is set apart for
payment, we will not:

| · | declare and                                                                                                                            
 pay or declare and set apart for payment dividends or declare and make any other distribution of cash or other property (other than