NEW YORK, Jan. 12, 2018 /PRNewswire/ -- Bluerock
Residential Growth REIT, Inc. (NYSE American: BRG) (the "Company")
today announced that its 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 first quarter of 2018, equal to a quarterly rate of
$15.00 per share (the "Series B
Preferred Dividends").
The Series B Preferred Dividends will be payable in cash as
follows: $5.00 per share to be paid
on Monday, February 5, 2018 to Series
B Preferred stockholders of record as of Thursday, January 25, 2018; $5.00 per share to be paid on Monday, March 5, 2018 to Series B Preferred
stockholders of record as of Friday,
February 23, 2018; and $5.00
per share to be paid on Thursday, April 5,
2018 to Series B Preferred stockholders of record as of
Friday, March 23, 2018.
About Bluerock Residential Growth REIT, Inc.
Bluerock
Residential Growth REIT, Inc. (NYSE American: BRG) is a real estate
investment trust that focuses on developing and acquiring a
diversified portfolio of institutional-quality highly amenitized
live/work/play apartment communities in demographically attractive
knowledge economy 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 Core+ improvements to properties and to operations.
The Company is included in the Russell 2000 and Russell 3000
Indexes. BRG has 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.