Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 128

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 128
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, (i) the amount of cash generated from our operating activities, (ii) our expectations of future operating cash flows,
(iii) our determination of near-term cash needs for acquisitions of new properties, development investments, general property capital
improvements and debt repayments, (iv) our ability to continue to access additional sources of capital, (v) the requirements
of Maryland law, (vi) the amount required to be distributed to maintain our qualification as a REIT and to reduce any income and
excise taxes that we otherwise would be required to pay and (vii) any limitations on our distributions contained in our credit or
other agreements.

Class A Common Stock

Holders of shares of Class A
common stock, $0.01 par value per share (the “Class A common stock”), and Class C common stock, $0.01 par value
per share (the “Class C common stock”), will be entitled to receive cash dividends when, as and if authorized by our
board of directors and declared by us. On March 11, 2025, we declared quarterly cash dividends of $0.125 per share, or $0.50 per
share annually, for our Class A common stock and Class C common stock for each quarter of fiscal year 2025. The common stock
dividends will be paid on a quarterly basis.

Series B Redeemable Preferred Stock

Subject to the preferential
rights of the holders of any class or series of our capital stock ranking senior to the Series B Redeemable Preferred Stock if any
such class or series is authorized in the future, the holders of Series B 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 B Redeemable Preferred Stock at an annual rate of 7.5% of the Stated Value of $25.00 per share (each, a “Series B
Dividend”). We expect Series B Dividends will be authorized and declared on a quarterly basis, payable monthly on the 5th day
of the month to holders of record as of the close of business on the 25th day of the prior month (or if such payment date or record date
is not a business day, on the immediately preceding business day, with the same force and effect as if made on such date), unless our
results of operations, our general financing conditions,