Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 290

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 290
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available for the payment of dividends, special cash dividends on such share of Series B Redeemable Preferred Stock in amounts determined
by the board of directors (each, an “Additional Series B Dividend”). Each Additional Series B Dividend will be
payable on the Series B Dividend Payment Date immediately following the applicable Series B Dividend Period. For the avoidance
of doubt, any Additional 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 Series B Dividend Payment Date, with the amount of any such prorated
dividend being computed on the basis of the actual number of days in such Series B Dividend Period during which such shares of Series B
Redeemable Preferred Stock were outstanding. Each Additional Series B Dividend will be payable to holders of record of the Series B
Redeemable Preferred Stock as they appear in our stock records at the close of business on the Series B Dividend Record Date for
the applicable Series B Dividend Period.

The timing and amount of
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.

Holders of shares of our
Series B Redeemable Preferred Stock are not entitled to any dividend in excess of full dividends on shares of our Series B
Redeemable Preferred Stock. Unless full dividends on shares of our Series B Redeemable Preferred Stock and Series A Redeemable
Preferred Stock for all past dividend periods have been or contemporaneously are declared and paid or declared and a sum sufficient for
the payment thereof in full is set apart for payment, we will not:

| · | declare and pay or declare                                                                                                              
 and set apart for payment dividends or declare and make any