NEW
YORK, Oct. 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 (the "Series A Preferred Stock") for
the fourth quarter of 2024, equal to a quarterly rate of
$0.375 per share (the "Series A
Preferred Dividends").
The Series A Preferred Dividends will be payable 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 stockholders of record as of
Friday, October 25, 2024;
$0.125 per share to be paid
on Thursday, December 5, 2024 to Series A Preferred
stockholders of record as of Monday,
November 25, 2024; and $0.125
per share to be paid on Friday, January 3,
2025 to Series A Preferred stockholders of record as of
Tuesday, December 24, 2024.
Newly-issued shares of 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 Series A Preferred Stock was outstanding, as permitted under the
Articles Supplementary to the Company's charter dated March 14, 2023.
The Board of Directors has previously authorized, and in
connection with the Series A Preferred Dividends the Company has
also declared, enhanced special dividends on the Series A Preferred
Stock for the fourth quarter of 2024 (the "Series A Preferred
Enhanced Special Dividends"), which will be seamlessly aggregated
with the regular monthly Series A Preferred Dividends so as to
effect a dividend rate of the average one month term Secured
Overnight Financing Rate (the "SOFR Rate") plus 2.0%, subject to a
6.5% minimum 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 commencing on the
26th day of the prior month and ending on the
25th day of the applicable month, payable on the
5th of each month.
About Bluerock Homes Trust, Inc.
Bluerock Homes Trust,
Inc. (NYSE American: BHM), headquartered in New York, New York, is an externally managed
REIT that owns and operates high-quality single-family properties
located in attractive markets with a focus on the knowledge-economy
and high quality of life regions of the Sunbelt and high growth
areas of the Western United
States. BHM's principal 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 across a
diverse group of growth markets and will seek to target a growing
pool of middle-market renters seeking the single-family lifestyle
without the upfront and ongoing investments associated with home
ownership. For more information, please visit
bluerockhomes.com.
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 upon
the Company's present expectations, but these statements are not
guaranteed to occur. Furthermore, the Company disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
of new information, data or methods, future events or other
changes. Investors should not place undue reliance upon
forward-looking statements. For further discussion of
the factors that could affect outcomes, please refer to
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 subsequent
filings by the Company with the SEC. We claim the 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.