NEW YORK, July 11, 2017 /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 monthly cash dividend on the Company's Class
A common stock (the "Class A Common Stock") for July 2017, equal to a quarterly rate of
$0.29 per share (the "Class A Common
Dividend"). In addition, the Company has declared monthly
cash dividends on its Series B Redeemable Preferred Stock (the
"Series B Preferred Stock") for the third quarter of 2017, equal to
a quarterly rate of $15.00 per share
(the "Series B Preferred Dividends").
The Class A Common Dividend will be payable in cash as follows:
$0.096666 per share to be paid on
Friday, August 4, 2017 to Class A
Common stockholders of record as of Tuesday,
July 25, 2017.
The Series B Preferred Dividends will be payable in cash as
follows: $5.00 per share to be paid
on Friday, August 4, 2017 to Series B
Preferred stockholders of record as of Tuesday, July 25, 2017; $5.00 per share to be paid on Tuesday, September 5, 2017 to Series B Preferred
stockholders of record as of Friday, August
25, 2017; and $5.00 per share
to be paid on Thursday, October 5,
2017 to Series B Preferred stockholders of record as of
Monday, September 25, 2017.
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
22, 2017,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.