Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 163

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 163
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 which (i) the Stated Value of the Series A Preferred Stock multiplied by (a) the sum of (I) the average 10-year    
 Daily Treasury Par Yield Curve Rate for the period from the 26th                                                                             
 of the prior month to the 25th                                                                                                               
 of the applicable month (as reported by the United States Department of the Treasury), plus (II) two percent, divided by (b) twelve, divided 
 further by (c) the actual number of days in the applicable month, exceeds (ii) the quotient of (a) $0.125 divided by (b) the actual number   
 of days in the applicable month.                                                                                                             |

| (3) | Holders                                                                                                                                     
 of record of Series A Preferred Stock shares are entitled to an enhanced special dividend, which replaces the additional contingent special 
 daily dividends, equal to the amount by which (i) the Stated Value of the Series A Preferred Stock multiplied by (a) the sum of (I) the     
 average of the one-month Term SOFR for each day commencing on the 26th                                                                      
 of the prior month to the 25th                                                                                                              
 of the applicable month, plus (II) two percent, divided by (b) twelve, exceeds (ii) the standard monthly dividend of $0.125 per share       
 of Series A Preferred Stock. The enhanced special dividend will be aggregated with the standard monthly dividend so as to effect a dividend 
 rate on the Series A Preferred Stock that is subject to a 6.5% minimum and 8.5% maximum annual rate.                                        |

A portion of each dividend may constitute a return of capital for tax purposes. There is no assurance that we will continue to declare dividends or at this rate. Holders of restricted stock, OP Units, LTIP Units and C-LTIP Units are entitled to receive “distribution equivalents” at the same time as dividends are paid to holders of our Class A common stock.

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Our Board will determine the amount of dividends to be paid to our stockholders. The determination of our Board will be based on several factors, including funds available from operations, our capital expenditure requirements and the annual distribution requirements necessary to maintain our REIT status for federal income tax purposes. As a result, our distribution rate and payment frequency may vary from time to time. However, to maintain our REIT status for tax purposes, we must make distributions equal to at least 90% of our “REIT taxable income”,