Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 48

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 48
---
 Preferred Stock Redemption Safeguard Policy (the “Policy”) with respect
to its Series A Preferred Stock. The Policy is applicable in the event of any redemption of shares of Series A Preferred Stock in shares
of the Company’s Class A common stock rather than in cash (each, a “Preferred Redemption in common stock”). The Policy
provides that if, within 10 business days of any such 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 Aggregate Redemption Value), the holder can apply to the Company for a cash payment to the
holder in an amount equal to the difference between (i) the Aggregate Redemption Value of the Class A common stock so issued, and (ii)
the 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 Policy. The Policy applies both retroactively, and on a go-forward basis, to holders of the Company’s Series A Preferred
Stock.

Class A Common Stock Repurchase Plan

On
February 13, 2024, the Board authorized a stock repurchase plan for the repurchase of up to an aggregate of $5 million of the Company’s
outstanding shares of Class A common stock. The repurchase plan had a term of one year and ended in February 2025. The Company made no
repurchases of its Class A common stock under this plan.

On
February 28, 2025, the Board authorized a new stock repurchase plan for the repurchase, from time to time, of up to an aggregate of $5
million of the Company’s outstanding shares of Class A common stock, with such repurchases to be conducted in accordance with the
requirements of Rule 10b-18 of the Exchange Act and subject to Rule 10b-5 of the Exchange Act. The repurchase plan has a term of one year
and may be discontinued at any time. The extent to which the Company repurchases shares of its Class A common stock under the repurchase
plan, and the timing of any such repurchases, depends on a variety of factors including general business and market conditions and other
corporate considerations. The Company expects that any repurchases of its Class A common stock will be through open market transactions,
subject to market conditions, certain price limitations and other conditions established under the plan. Open market repurchases will
be structured to occur in conformity with the method, timing,