Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 298

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 298
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 Preferred Stock in shares of our
Class A common stock rather than in cash (each, a “Series B Preferred Redemption in Common Stock”). The
Series B Safeguard Policy provides that if, within 10 business days of any such Series B Preferred Redemption in Common
Stock, any such shares of Class A common stock are sold at a loss (i.e. a lower price than the Series B Aggregate
Redemption Value), the holder can apply to us for a cash payment to the holder in an amount equal to the difference between
(i) the Series B Aggregate Redemption Value of the Class A common stock so issued, and (ii) the Series B
Aggregate Sale Price at which such shares of Class A common stock were sold, subject to certain conditions and requirements as
set forth in the Series B Safeguard Policy. The Series B Safeguard Policy applies both retroactively, and on a go-forward
basis, to holders of our Series B Redeemable Preferred Stock.

Liquidation Preference.
Upon any voluntary or involuntary liquidation, dissolution or winding-up of our affairs, before any distribution or payment is made to
holders of our common stock or any other class or series of capital stock ranking junior to our shares of Series B Redeemable Preferred
Stock, the holders of shares of Series B Redeemable Preferred Stock will be entitled to be paid out of our assets legally available
for distribution to our stockholders, after payment or provision for our debts and other liabilities, a liquidation preference equal
to the Stated Value per share, plus an amount equal to any accrued but unpaid cash dividends (whether or not authorized or declared)
to and including the date of payment, pari passu with the holders of shares of any other class or series of our capital stock ranking
on parity with the Series B Redeemable Preferred Stock, including the Series A Redeemable Preferred Stock, as to the liquidation
preference and accrued but unpaid dividends they are entitled to receive.

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