Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 129

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 129
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 general economic conditions, applicable provisions of Maryland law or other factors
make it imprudent to do so. The initial Series B Dividend payable on each share of Series B Redeemable Preferred Stock will
begin accruing on, and will be cumulative from, the date of original issuance of such share of Series B Redeemable Preferred Stock.
Each subsequent Series B Dividend will begin accruing on, and will be cumulative from, the end of the most recent Series B Dividend
period for which a Series B Dividend has been paid on each such share of Series B Redeemable Preferred Stock. A “Series B
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 B Dividend Period (other than the initial Series B Dividend Period
and the Series B Dividend Period during which any shares of Series B Redeemable Preferred Stock shall be redeemed or otherwise
acquired by us). For the avoidance of doubt, any such Series B Dividend may vary among holders of Series B Redeemable Preferred
Stock and may be prorated with respect to any shares of Series B Redeemable Preferred Stock that were outstanding less than the total
number of days in the Series B 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 dividend period during which such shares of Series B
Redeemable Preferred Stock were outstanding.

The timing and amount of any
dividends on the Series B 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 B 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 B Redeemable Preferred Stock will not bear interest.

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Series A Redeemable Preferred Redeemable Stock

Subject to the preferential
rights of the holders of any class or series of our capital stock ranking senior to the Series