NEW YORK, Oct. 13, 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 monthly cash dividends on the Company's Class
A common stock (the "Class A Common Stock") for the fourth quarter
of 2017, equal to a quarterly rate of $0.29 per share (the "Class A Common
Dividends"). In addition, the Board of Directors has
authorized and the Company has declared monthly cash dividends on
the Company's Series B Redeemable Preferred Stock (the "Series B
Preferred Stock") for the fourth quarter of 2017, equal to a
quarterly rate of $15.00 per share
(the "Series B Preferred Dividends").
The Class A Common Dividends will be payable in cash as follows:
$0.096666 per share to be paid on
Friday, November 3, 2017 to Class A
Common stockholders of record as of Wednesday, October 25, 2017; $0.096667 per share to be paid on Tuesday, December 5, 2017 to Class A Common
stockholders of record as of Friday,
November 24, 2017; and $0.096667 per share to be paid on Friday, January 5, 2018 to Class A Common
stockholders of record as of Friday,
December 22, 2017.
The Series B Preferred Dividends will be payable in cash as
follows: $5.00 per share to be paid
on Friday, November 3, 2017 to Series
B Preferred stockholders of record as of Wednesday, October 25, 2017; $5.00 per share to be paid on Tuesday, December 5, 2017 to Series B Preferred
stockholders of record as of Friday,
November 24, 2017; and $5.00
per share to be paid on Friday, January 5,
2018 to Series B Preferred stockholders of record as of
Friday, December 22, 2017.
About Bluerock Residential Growth REIT, Inc.
Bluerock
Residential Growth REIT, Inc. (NYSE MKT: BRG) is a real estate
investment 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.