Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 257

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 257
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 in those shares. The trustee will receive all dividends and other distributions
on the shares-in-trust and will hold such dividends or other distributions in trust for the benefit of the beneficiary. Any dividend or
other distribution paid prior to our discovery that shares of stock have been transferred to the trustee will be paid by the recipient
to the trustee upon demand. Any dividend or other distribution authorized but unpaid will be paid when due to the trustee. The trustee
will vote all shares-in-trust and, subject to Maryland law, effective as of the date that the shares-in-trust were transferred to the
trustee, the trustee will have the authority to rescind as void any vote cast by the proposed transferee prior to our discovery that the
shares have been transferred to the trust and to recast the vote in accordance with the desires of the trustee acting for the benefit
of the beneficiary. However, if we have already taken irreversible corporate action, then the trustee will not have the authority to rescind
and recast the vote.

As soon as reasonably practicable
after receiving notice from us that shares of our stock have been transferred to the trust (and no later than 20 days after receiving
notice in the case of shares of Series A Redeemable Preferred Stock that are listed or admitted to trading on a national securities
exchange), the trustee will sell the shares to a person designated by the trustee whose ownership of the shares will not violate the above
ownership limitations. Upon the sale, the interest of the beneficiary in the shares sold will terminate and the trustee will distribute
the net proceeds of the sale to the record holder of the shares that are designated as shares-in-trust (the “Prohibited Owner”),
and to the beneficiary as follows. The Prohibited Owner generally will receive from the trust the lesser of:

| · | the                                                                                                                                   
 price paid by the Prohibited Owner paid for the shares of capital stock that were designated as shares-in-trust or, if the Prohibited 
 Owner did not give value for the shares in connection with the event causing the shares to be held in trust, the market price per     
 share on the date of the event causing the shares to be held in trust; or                                                             |

| · | the                                                                                                                                  
 price per share received by the trustee from the sale or other disposition of such shares-in-trust, net of any commissions and other 
 expenses of sale.                                                                                                                    |

The trustee may reduce the amount payable to the Prohibited Owner by the amount of dividends and other distributions that