Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 119

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 119
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 be needed, if the corporation
were dissolved at the time of the dividend, to satisfy the preferential rights upon dissolution of stockholders whose preferential rights
are superior to those receiving the dividend. Accordingly, we generally may not make a distribution if, after giving effect to the distribution,
we would not be able to pay our debts as they become due in the usual course of business or our total assets would be less than the sum
of our total liabilities plus, unless our charter provides otherwise, the amount that would be needed to satisfy the preferential rights
upon dissolution of stockholders whose preferential rights are superior to those receiving the dividend. Any dividends or redemption
payments may be delayed or prohibited. As a result, the price of our common stock may decrease, which may have a material adverse effect
on our business, financial condition and results of operations.

We may change our dividend policy, and the cash distributions you receive may be less frequent or lower in amount than you expect.

Future dividends will be
declared and paid at the discretion of our board of directors, and the amount and timing of dividends will depend upon cash
generated by operating activities, our business, financial condition, results of operations, capital requirements, annual
distribution requirements under the REIT provisions of the Code, and such other factors as our board of directors deems relevant.
Our board of directors may change our dividend policy at any time, and there can be no assurance as to the manner in which future
dividends will be paid or that the current dividend level will be maintained in future periods. We cannot assure you that we will
consistently be able to generate sufficient available cash flow to fund distributions on our Series B Redeemable Preferred
Stock, nor can we assure you that sufficient cash will be available to make distributions to you. We cannot predict the amount of
distributions you may receive and we may be unable to pay, maintain or increase distributions over time. Our inability to acquire
additional properties or make real estate-related investments or operate profitably may have a negative effect on our ability to
generate sufficient cash flow from operations to pay distributions on our Series B Redeemable Preferred Stock.
Any reduction in our dividends may cause investors to seek alternative investments, which would result in selling pressure on,
and a decrease in the market price of, our common stock. As a result, the price of our common stock may decrease, which may have a
material adverse effect on our business, financial condition and results of operations. In addition, to