Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 279

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 279
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available for distributions will also be affected by any distributions made to the holders of OP Units.

There can be no assurances
that the current distribution rate or amount per share will be maintained. In the near-term, we expect that we may need to continue to
rely on sources other than cash flows from operations, as determined on a GAAP basis, to pay cash distributions, which if insufficient
could negatively impact our ability to pay cash distributions.

Business Combinations

Under the MGCL, certain business
combinations between a Maryland corporation and an interested stockholder or the interested stockholder’s affiliate are prohibited
for five years after the most recent date on which the stockholder becomes an interested stockholder. For this purpose, the term “business
combinations” includes mergers, consolidations, share exchanges, or, in circumstances specified in the statute, asset transfers
and issuances or reclassifications of equity securities. An “interested stockholder” is defined for this purpose as: (i) any
person who beneficially owns, directly or indirectly, 10% or more of the voting power of the corporation’s outstanding voting stock;
or (ii) an affiliate or associate of the corporation who, at any time within the two-year period prior to the date in question, was
the beneficial owner, directly or indirectly, of 10% or more of the voting power of the then outstanding stock of the corporation. A person
is not an interested stockholder under the MGCL if the board of directors approved in advance the transaction by which the person otherwise
would become an interested stockholder. However, in approving the transaction, the board of directors may provide that its approval is
subject to compliance, at or after the time of the approval, with any terms and conditions determined by the board.

After the five-year prohibition,
any such business combination between the corporation and an interested stockholder generally must be recommended by the board of directors
of the corporation and approved by the affirmative vote of at least: (i) 80% of the votes entitled to be cast by holders of outstanding
voting stock of the corporation and (ii) two-thirds of the votes entitled to be cast by holders of voting stock of the corporation
other than voting stock held by the interested stockholder or its affiliate with whom the business combination is to be effected, or held
by an affiliate or associate of the interested stockholder, voting together as a single voting group.

These super majority vote
requirements do not apply if the corporation’s common