Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 125

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 125
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any dividends on the Series A 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 A 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 A Redeemable Preferred Stock will not bear interest.

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.

We cannot assure you that
we will generate sufficient cash flows to make distributions to our stockholders or that we will be able to sustain those distributions.
If our operations do not generate sufficient cash flow to allow us to satisfy the REIT distribution requirements, we may be required
to fund distributions from working capital, offering proceeds, proceeds from our DST Program, borrowing funds, selling assets, making
a taxable distribution of our equity or debt securities, or reducing such distributions. In addition, while we have no intention to do
so, prior to the time we have fully invested the net proceeds of this offering, we may fund our distributions out of the net proceeds
of this offering, which could adversely impact our results of operations. Our distribution policy enables us to review the alternative
funding sources available to us from time to time. Our actual results of operations will be affected by a number of factors, including
the revenues we receive from our properties and other investments, our operating expenses, interest expense, the ability of our tenants
to meet their obligations and unanticipated expenditures. For more information regarding risk factors that could materially adversely
affect our actual results of