Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 264

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 264
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 Cash Dividend Period for which a Series A
Cash Dividend has been paid on each such share of Series A Redeemable Preferred Stock. A “Series A Cash 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 A Cash Dividend Period (other than the initial Series A Cash Dividend Period and the
Series A Cash Dividend Period during which any shares of Series A Redeemable Preferred Stock shall be redeemed or otherwise
acquired by us). For the avoidance of doubt, any Series A Cash Dividend may vary among holders of Series A Redeemable Preferred
Stock and may be prorated with respect to any shares of Series A Redeemable Preferred Stock that were outstanding less than the total
number of days in the Series A Cash 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 A Redeemable Preferred Stock were outstanding.

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

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Holders of shares of our Series A
Redeemable Preferred Stock are not entitled to any dividend in excess of full dividends on shares of our Series A Redeemable Preferred
Stock. Unless full dividends on shares of our Series A Redeemable Preferred Stock for all past dividend periods have been or contemporaneously
are declared and paid or declared and a sum sufficient for the payment thereof in full is set apart for payment, we will not:

| · | declare and                                                                                                                            
 pay or declare and set apart for payment dividends or declare and make any other distribution of cash or other property (other than    
 dividends or distributions paid in shares