Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 261

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 261
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 of more than one such
holder of Class C common stock by virtue of clause (y) of the immediately preceding sentence, then such Class C Interest
will only increase the number of Class C Votes of the ultimate beneficial owner of such Class C Interest that is also such a
holder of Class C common stock, and not any other holder of Class C common stock.

Shares of our Class C
common stock may be converted, or automatically convert, in certain circumstances to shares of our Class A common stock on a one-for-one
basis. Subject to the preferential rights, if any, of holders of any class or series of our stock other than our common stock and to the
provisions of our charter regarding the restrictions on the ownership and transfer of stock, the holders of our Class C common stock
will be entitled to receive distributions authorized by our board of directors and declared by us out of legally available funds after
payment of, or provision for, full cumulative distributions on and any required redemptions of shares of any series of preferred stock
then outstanding.

Preferred Stock

Our charter authorizes our
board of directors, without further stockholder action, to provide for the issuance of up to 250,000,000 shares of preferred stock, in
one or more classes or series, with such terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to
dividends or other distributions, qualifications and terms or conditions of redemption, as our board of directors may approve, subject
to certain restrictions.

If any preferred stock is
publicly offered, the terms and conditions of such preferred stock, including any convertible preferred stock, will be set forth in articles
supplementary and described in a prospectus relating to the issuance of such preferred stock, if such preferred stock is registered. Because
our board of directors will have the power to establish the preferences and rights of each class or series of preferred stock, it may
afford the holders of any series or class of preferred stock preferences, powers, and rights senior to the rights of holders of common
stock or other preferred stock, subject to certain restrictions. If we ever authorize, create and issue additional preferred stock with
a distribution preference over common stock or preferred stock, payment of any distribution preferences of new outstanding preferred stock
would reduce the amount of funds available for the payment of distributions on the common stock and junior preferred stock. Further, holders
of preferred stock are normally entitled to receive a preference payment if we liquidate, dissolve, or wind