Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 134

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 134
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 subsequent Series B Dividend will begin accruing on, and will be cumulative from, the end of the most recent Series B
Dividend period for which a Series B Dividend has been paid on each such share of Series B Redeemable Preferred Stock. A “Series B
Dividend Period” will be the respective period commencing 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