Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 270

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 270
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terminate. The holders of those shares of Series A Redeemable Preferred Stock will retain their right to receive the redemption price
for their shares and an amount equal to all accrued but unpaid cash dividends, if any, to and including the redemption date, without interest.

The holders of Series A
Redeemable Preferred Stock at the close of business on a dividend record date will be entitled to receive the dividend payable with respect
to the Series A Redeemable Preferred Stock on the corresponding payment date notwithstanding the redemption of the Series A
Redeemable Preferred Stock between such record date and the corresponding payment date or our default in the payment of the dividend due.
Except as provided above, we will make no payment or allowance for unpaid cash dividends, whether or not in arrears, on Series A
Redeemable Preferred Stock for which redemption notice has been given.

For purposes of the Series A
Redeemable Preferred Stock, “Change of Control” is when, after the original issuance of the Series A Redeemable Preferred
Stock, any of the following has occurred and is continuing:

| · | a “person”                                                                                                                               
 or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange                         
 Act”), other than our company, its subsidiaries, and its and their employee benefit plans, has become the direct or indirect             
 “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of our common equity                                                
 representing more than 50% of the total voting power of all outstanding shares of our common equity that are entitled to vote generally  
 in the election of directors (“Voting Stock”); provided, that notwithstanding the foregoing, such a transaction will                     
 not be deemed to involve a Change of Control if  (A) (i) we become a direct or indirect wholly-owned subsidiary                          
 of a holding company and (ii) the direct or indirect holders of the Voting Stock of such holding company immediately following           
 that transaction are substantially the same as the holders of our Voting Stock immediately prior to that transaction, or (B) immediately 
 prior to such transaction, such person or group, together with its or their related entities, including, without limitation, any         
 trust established for the benefit of such person or any member of such group or any family member thereof (collectively, an “Ownership   
 Group”), owned sufficient interests in the Operating Partnership such that the exercise by all or any members of such Ownership