Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 130

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 130
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 A Redeemable Preferred Stock if any
such class or series is authorized in the future, the holders of Series A Redeemable Preferred Stock are entitled to receive, when
and as authorized by our board of directors and declared by us out of legally available funds, cumulative cash dividends on each share
of Series A Redeemable Preferred Stock at an annual rate of 6.0% of the Stated Value of $25.00 per share (each, a “Series A
Regular Dividend”). In addition, for each month for which the board of directors authorizes a Series A Regular Dividend, holders
of shares of the Series A Redeemable Preferred Stock will be entitled to receive an enhanced special dividend, which will be aggregated
with the Series A Regular Dividend so as to effect a dividend rate of the average one month Term Secured Overnight Financing Rate
(“SOFR”) plus 2.0%, subject to a 6.5% minimum and 8.5% maximum annual rate, calculated and paid monthly (each, a “Series A
Enhanced Dividend,” and together with the Series A Regular Dividend, a “Series A Cash Dividend”). We expect
Series A Cash Dividends will be authorized and declared on a quarterly basis, payable monthly on the 5th day of the month to holders
of record as of the close of business on the 25th day of the prior month (or if such payment date or record date is not a business day,
on the immediately preceding business day, with the same force and effect as if made on such date), unless our results of operations,
our general financing conditions, general economic conditions, applicable provisions of Maryland law or other factors make it imprudent
to do so. The initial Series A Cash Dividend payable on each share of Series A Redeemable Preferred Stock will begin accruing
on, and will be cumulative from, the date of original issuance of such share of Series A Redeemable Preferred Stock. Each subsequent
Series A Cash Dividend will begin accruing on, and will be cumulative from, the end of the most recent Series A 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