Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 128

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 128
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 on and including the first day of each month and ending on and including
the day preceding the first day of the next succeeding Series B Dividend Period (other than the initial Series B Dividend Period
and the Series B Dividend Period during which any shares of Series B Redeemable Preferred Stock shall be redeemed or otherwise
acquired by us). For the avoidance of doubt, any such Series B Dividend may vary among holders of Series B Redeemable Preferred
Stock and may be prorated with respect to any shares of Series B Redeemable Preferred Stock that were outstanding less than the total
number of days in the Series B Dividend Period immediately preceding the applicable dividend payment date, with the amount of any
such prorated dividend being computed on the basis of the actual number of days in such dividend period during which such shares of Series B
Redeemable Preferred Stock were outstanding.

The timing and amount of any
dividends on the Series B 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 B 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 B Redeemable Preferred Stock will not bear interest.

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Series A Redeemable Preferred Redeemable Stock

Subject to the preferential
rights of the holders of any class or series of our capital stock ranking senior to the Series A Redeemable Preferred Stock if any
such class or series is authorized in the future, the holders of Series A Redeemable Preferred Stock are entitled to receive, when
and as authorized by our board of directors and declared by us out of legally available funds, cumulative cash dividends on each share
of Series A Redeemable Preferred Stock at an annual rate of 6.0% of the Stated Value of $25.00 per share (each, a “Series A
Regular Dividend”). In addition, for each month for which the board of directors authorizes a Series A Regular Dividend, holders
of shares of the Series A Redeemable Preferred Stock will