Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 113

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 113
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 dividend. Accordingly, we generally may not make a distribution if, after giving effect to the distribution,
we would not be able to pay our debts as they become due in the usual course of business or our total assets would be less than the sum
of our total liabilities plus, unless our charter provides otherwise, the amount that would be needed to satisfy the preferential rights
upon dissolution of stockholders whose preferential rights are superior to those receiving the dividend. Any dividends or redemption payments
may be delayed or prohibited. As a result, the price of our common stock may decrease, which may have a material adverse effect on our
business, financial condition and results of operations.

We may change our dividend policy, and the cash distributions you receive may be less frequent or lower in amount than you expect.

Future dividends will be declared
and paid at the discretion of our board of directors, and the amount and timing of dividends will depend upon cash generated by operating
activities, our business, financial condition, results of operations, capital requirements, annual distribution requirements under the
REIT provisions of the Code, and such other factors as our board of directors deems relevant. Our board of directors may change our dividend
policy at any time, and there can be no assurance as to the manner in which future dividends will be paid or that the current dividend
level will be maintained in future periods. We cannot assure you that we will consistently be able to generate sufficient available cash
flow to fund distributions on our Series B Redeemable Preferred Stock, nor can we assure you that sufficient cash will be available
to make distributions to you. We cannot predict the amount of distributions you may receive and we may be unable to pay, maintain or increase
distributions over time. Our inability to acquire additional properties or make real estate-related investments or operate profitably
may have a negative effect on our ability to generate sufficient cash flow from operations to pay distributions on our Series B Redeemable
Preferred Stock. Any reduction in our dividends may cause investors to seek alternative investments, which would result in selling
pressure on, and a decrease in the market price of, our common stock. As a result, the price of our common stock may decrease, which may
have a material adverse effect on our business, financial condition and results of operations. In addition, to the extent we make distributions
to stockholders with sources other than cash flow from operations, the amount of cash that is available for investment in real estate
assets will be reduced, which will in turn negatively