Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 98

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 98
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 preferred stock (including any equity or debt securities convertible into preferred
stock) will be set forth in a registration statement registering the issuance of such preferred stock or equity or debt securities convertible
into preferred stock. Because our board of directors has the power to establish the preferences and rights of each class or series of
preferred stock, it may afford the holders of any series or class of preferred stock preferences, powers, and rights senior to the rights
of holders of common stock or the Series B Redeemable Preferred Stock. If we ever create and issue additional preferred stock or
equity or debt securities convertible into preferred stock with a distribution preference over common stock or the Series B Redeemable
Preferred Stock, payment of any distribution preferences of such new outstanding preferred stock would reduce the amount of funds available
for the payment of distributions on our common stock and our Series B Redeemable Preferred Stock. Further, holders of preferred stock
are normally entitled to receive a preference payment if we liquidate, dissolve, or wind up before any payment is made to the common stockholders,
likely reducing the amount common stockholders would otherwise receive upon such an occurrence. In addition, under certain circumstances,
the issuance of additional preferred stock may delay, prevent, render more difficult or tend to discourage a merger, tender offer, or
proxy contest, the assumption of control by a holder of a large block of our securities, or the removal of incumbent management.

Stockholders
have no rights to buy additional shares of stock or other securities if we issue new shares of stock or other securities. We may issue
common stock, convertible debt or preferred stock pursuant to a subsequent public offering or a private placement, or to sellers of properties
we directly or indirectly acquire instead of, or in addition to, cash consideration. Investors purchasing Series B Redeemable Preferred
Stock in the offering of our Series B Redeemable Preferred Stock who do not participate in any future stock issuances will experience
dilution in the percentage of the issued and outstanding stock they own. In addition, depending on the terms and pricing of any additional
offerings and the value of our investments, you also may experience dilution in the book value and fair market value of, and the amount
of distributions paid on, your shares of Series B Redeemable Preferred Stock and Class A common stock, if any.

Holders of the Series B Redeemable Preferred Stock have no control over changes in our policies and operations.

Our
board of directors manages our business and affairs, including setting and