NEW YORK, March 9, 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 a quarterly cash dividend on the Company's
8.250% Series A Cumulative Redeemable Preferred Stock (the
"Series A Preferred Stock") for the first quarter of 2018, in the
amount of $0.515625 per share (the
"Series A Preferred Dividend"). In addition, the Company has
declared a quarterly cash dividend on its 7.625% Series C
Cumulative Redeemable Preferred Stock (the "Series C Preferred
Stock") for the first quarter of 2018, in the amount of
$0.4765625 per share (the "Series C
Preferred Dividend"). Further, the Company has declared a
quarterly cash dividend on its 7.125% Series D
Cumulative Preferred Stock (the "Series D Preferred Stock")
for the first quarter of 2018, in the amount of $0.4453125 per share (the "Series D Preferred
Dividend").
The Series A Preferred Dividend, the Series C Preferred Dividend
and the Series D Preferred Dividend will each be payable in cash on
Thursday, April 5, 2018 to Series A
Preferred Stockholders, Series C Preferred Stockholders and Series
D Preferred Stockholders of record (respectively) 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 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 the Company's 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.