Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 287

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 287
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able Preferred Stock, as to the liquidation preference
and accrued but unpaid dividends they are entitled to receive.

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After payment of the full
amount of the liquidating distributions to which they are entitled, the holders of shares of our Series B Redeemable Preferred Stock
will have no right or claim to any of our remaining assets. Our consolidation or merger with or into another entity, the consolidation
or merger of another entity with or into us, a statutory share exchange by us or a sale, lease, transfer or conveyance of all or substantially
all of our property or business will not be deemed to constitute a liquidation, dissolution or winding-up of our affairs.

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.

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