Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 364

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 364
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-dividend.

Individuals, trusts and estates
whose income exceeds certain thresholds are also subject to an additional 3.8% Medicare tax on dividends received from us. U.S. stockholders
are urged to consult their tax advisors regarding the implications of the additional Medicare tax resulting from an investment in our
capital stock.

A U.S. stockholder generally
will recognize distributions that we designate as capital gain dividends as long-term capital gain without regard to how long the U.S.
stockholder has held our Series B Redeemable Preferred Stock. We generally will designate our capital gain dividends as either 20%
or 25% U.S. federal income tax rate distributions. See “—Capital Gains and Losses.” A corporate U.S. stockholder, however,
may be required to treat up to 20% of certain capital gain dividends as ordinary income.

We may elect to retain
and pay income tax on the net long-term capital gain that we recognize in a taxable year. In that case, to the extent that we
designate such amount in a timely notice to such stockholder, a U.S. stockholder would be taxed on its proportionate share of our
undistributed long-term capital gain. The U.S. stockholder would receive a credit for its proportionate share of the tax we paid.
The U.S. stockholder would increase the basis in its stock by the amount of its proportionate share of our undistributed long-term
capital gain, minus its share of the tax we paid.

A U.S. stockholder will not
incur tax on a distribution in excess of our current and accumulated earnings and profits if the distribution does not exceed the adjusted
basis of the U.S. stockholder’s capital stock. Instead, the distribution will reduce the U.S. stockholder’s adjusted basis
in such stock. If a U.S. stockholder receives a distribution in excess of both our current and accumulated earnings and profits and the
U.S. stockholder’s adjusted basis in his or her stock, the U.S. stockholder will recognize the distribution as long-term capital
gain, or short-term capital gain if the stock has been held for one year or less, assuming the stock is a capital asset in the hands
of the U.S. stockholder. In addition, if we declare a distribution in October, November, or December of any year that is payable
to a U.S. stockholder of record on a specified date in any such month, such distribution will be treated as both