Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 335

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 335
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REIT in any taxable year, and no relief provision applies, we would be subject to U.S. federal income tax, and any applicable alternative
minimum tax on our taxable income at regular U.S. federal corporate income tax rates, plus potential penalties and/or interest. In calculating
our taxable income in a year in which we fail to qualify as a REIT, we would not be able to deduct amounts paid out to stockholders. In
such a case, we would not be required to distribute any amounts to stockholders in that year. In such event, to the extent of our current
and accumulated earnings and profits, distributions to stockholders generally would be taxable as ordinary dividend income. Subject to
certain limitations of the U.S. federal income tax laws, corporate stockholders may be eligible for the dividends received deduction and
non-corporate U.S. stockholders may be eligible for the reduced U.S. federal income tax rate of up to 20% on such dividends. Unless we
qualified for relief under specific statutory provisions, we also would be disqualified from taxation as a REIT for the four taxable years
following the year during which we ceased to qualify as a REIT. We cannot predict whether in all circumstances we would qualify for such
statutory relief.

Taxation of Holders of Our Series A Redeemable Preferred Stock

Taxation of Taxable U.S. Stockholders

This section is a summary
of the rules governing the U.S. federal income taxation of U.S. stockholders and is for general information only. We urge you to consult your tax advisors to determine the impact of U.S. federal, state and local income tax laws on the purchase, ownership and disposition of our Series A Redeemable Preferred Stock.

As used herein, the term “U.S.
stockholder” means a beneficial owner of our Series A Redeemable Preferred Stock that for U.S. federal income tax purposes
is:

| · | a citizen or resident of the United States; |

| · | a corporation (including an entity treated as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States, any of its states or the District of Columbia; |

| · | an estate whose income is subject to U.S. federal income taxation regardless of its source; or |

| · | any trust if (1) a court is able to exercise primary supervision over the administration of such trust and one or more United States persons (as defined in Section