Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 265

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 265
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 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 of stock ranking junior to the Series A Redeemable Preferred                                 
 Stock as to the dividend rights or rights on our liquidation, winding-up or dissolution, and options, warrants or rights to purchase   
 such shares), directly or indirectly, on or with respect to any shares of our common stock or any class or series of our stock ranking 
 junior to or on parity with the Series A Redeemable Preferred Stock as to dividend rights or rights on our liquidation, winding-up     
 or dissolution for any period; or                                                                                                      |

| · | except                                                                                                                                   
 by conversion into or exchange for shares of stock ranking junior to the Series A Redeemable Preferred Stock as to dividend              
 rights or rights on our liquidation, winding-up or dissolution, or options, warrants or rights to purchase such shares, redeem, purchase 
 or otherwise acquire (other than a redemption, purchase or other acquisition of common stock made for purposes of an employee incentive  
 or benefit plan) for any consideration, or pay or make available