Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 299

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 299
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In determining whether a
distribution (other than upon voluntary or involuntary liquidation), by dividend, redemption or other acquisition of shares of our stock
or otherwise, is permitted under the MGCL, amounts that would be needed, if we were to be dissolved at the time of distribution, to satisfy
the preferential rights upon dissolution of holders of the Series B Redeemable Preferred Stock will not be added to our total liabilities.

Voting Rights.
Our Series B Redeemable Preferred Stock generally has no voting rights, except as set forth below.

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So long as any shares of
Series B Redeemable Preferred Stock remain outstanding, the holders of shares of Series B Redeemable Preferred Stock will have
the exclusive right to vote on any amendment, alteration or repeal of our charter, including the terms of the Series B Redeemable
Preferred Stock, that would alter only the contract rights, as expressly set forth in our charter, of the Series B Redeemable Preferred
Stock, and the holders of any other classes or series of our capital stock will not be entitled to vote on such an amendment, alteration
or repeal, with any such amendment requiring the affirmative vote or consent of holders of two-thirds of the Series B Redeemable
Preferred Stock issued and outstanding at the time.

In addition, holders of shares
of Series B Redeemable Preferred Stock and of any Parity Voting Preferred Stock (which, as of the date of this prospectus, includes
the Series A Redeemable Preferred Stock), voting together as a single class, will also have the exclusive right to vote on any amendment,
alteration or repeal of our charter, including the terms of the Series B Redeemable Preferred Stock, that would alter only the contract
rights, as expressly set forth in our charter, of the Series B Redeemable Preferred Stock and such Parity Voting Preferred Stock,
with any such action requiring the affirmative vote or consent of holders of shares of Series B Redeemable Preferred Stock and such
Parity Voting Preferred Stock entitled to cast two-thirds of all votes entitled to be cast on the matter, with each holder of Series B
Redeemable Preferred Stock and such Parity Voting Preferred Stock entitled to one vote for each $25.00 in liquidation preference. The
holders of any other classes or series of our capital stock will not be entitled to vote on such an amendment, alteration or repeal.

Further, so long as any shares
of Series B Redeem