NEW YORK, Sept. 12, 2016 /PRNewswire/ -- Bluerock
Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") today
announced that its Board of Directors has authorized and the
Company has declared a quarterly cash dividend on the Company's
8.250% Series A Cumulative Redeemable Preferred Stock (the
"Series A Preferred Stock") for the third quarter of 2016, in the
amount of $0.515625 per share (the
"Series A Preferred Dividend"). In addition, the Company has
declared a pro rata cash dividend on its 7.625% Series C
Cumulative Redeemable Preferred Stock (the "Series C Preferred
Stock") for the period from and including the original issue date
of July 19, 2016 to and including
September 30, 2016, in the amount of
$0.39184 per share (the "Series C
Preferred Dividend").
The Series A Preferred Dividend will be payable in cash on
Wednesday, October 5, 2016 to Series
A Preferred stockholders of record as of Friday, September 23, 2016. The Series C
Preferred Dividend will be payable in cash on Wednesday, October 5, 2016 to Series C Preferred
stockholders of record as of Friday,
September 23, 2016.
About Bluerock Residential Growth REIT, Inc.
Bluerock
Residential Growth REIT, Inc. (NYSE MKT: BRG) is a real
estateinvestment trust that focuses on acquiring a diversified
portfolio of Class A institutional-quality apartment properties in
demographically attractive growth markets to appeal to the renter
by choice. The Company's objective is to generate value through
off-market/relationship-based transactions and, at the asset level,
through improvements to operations and properties. The
Companygenerally invests with strategic regional partners,
including some of the best-regarded, private owner-operators in
the United States, making it
possible to operate as a local sharpshooter in each of its markets
while enhancing off-market sourcing capabilities. The Company is
included on the Russell 2000 and Russell 3000 Indexes. The
Companyhas elected to be taxed as a real estate investment trust
(REIT) for U.S. federal income tax purposes. For more information,
please visit our website at: www.bluerockresidential.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 February 24, 2016,
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 Residential Growth REIT, Inc.