Bluerock Homes Trust (BHM) Announces Fourth Quarter Dividend on Series A Preferred Stock

NEW YORK, October 14, 2024 /PRNewswire/ — Bluerock Homes Trust, Inc. (NYSE American: BHM) (the “Company”) today announced that its Board of Directors has authorized and the Company has declared monthly cash dividends on the Company’s Series A Redeemable Preferred Stock. Company (the “Series A Preferred Shares”) for the fourth quarter of 2024, equal to a quarterly rate of $0.375 per share (the “Series A Preferred Dividends”).

Series A Preferred Dividends will be paid in cash as follows: accrued but unpaid dividends of $0.125 per share to be paid on Tuesday, November 5, 2024, to Series A preferred shareholders of record Friday, October 25, 2024; $0.125 per share to be paid on Thursday, December 5, 2024, to Series A preferred shareholders of record Monday, November 25, 2024; and $0.125 per share to be paid in Friday, January 3, 2025 to Series A preferred shareholders registered in Tuesday, December 24, 2024. Newly issued Series A Preferred Stock held for only a portion of each applicable monthly dividend period will receive a prorated Series A Preferred Dividend based on the actual number of days in the applicable dividend period during which each such share of the Stock Series A Preferred Stock was pending as permitted in the Supplemental Articles to the Company’s bylaws dated March 14, 2023.

The Board of Directors previously authorized, and in connection with the Series A Preferred Dividends, the Company also declared, enhanced special dividends on the Series A Preferred Stock for the fourth quarter of 2024 (the “Special Enhanced Series A Preferred Dividends” ), which will be seamlessly bundled with the Series A regular monthly preferred dividends to effect a dividend rate of the average one-month secured overnight financing rate (the “SOFR Rate”) plus 2.0%, subject to a minimum of 6.5% and 8.5% maximum annual rate, calculated and paid monthly. The Series A Preferred Enhanced Special Dividends will be calculated based on the SOFR Rate for each day on or after the 26th^the day of the previous month and ending on the 25th^the applicable day of the month, payable on the 5th^the of each month.

About Bluerock Homes Trust, Inc.
(NYSE American: BHM), headquartered in New York, New Yorkis an externally managed REIT that owns and operates high-quality single-family properties located in attractive markets focused on the knowledge economy and high-living regions of the Sunbelt and high-growth areas of the Western United States. BHM’s primary objective is to generate attractive risk-adjusted investment returns by assembling a portfolio of pre-existing single-family rental homes and developing build-to-rent communities. BHM properties are located in a diverse group of growth markets and will seek to target a growing group of mid-size renters seeking the single-family lifestyle without the initial and ongoing investments associated with homeownership. For more information, visit bluerockhomes.com.

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Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based on the Company’s current expectations, but there is no guarantee that they will occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes. Investors should not place undue reliance on forward-looking statements. For a more in-depth discussion of factors that may affect results, see the risk factors set forth in Item 1A of the Company’s Annual Report on Form 10-K filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on March 12, 2024, and the Company’s subsequent filings with the SEC. We claim safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

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SOURCE Bluerock Homes Trust, Inc.