NEW YORK, Oct. 15, 2019 /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 monthly cash dividend on the Company's
Series B Redeemable Preferred Stock (the "Series B Preferred
Stock") for October 2019, equal to a
quarterly rate of $15.00 per share
(the "Series B Preferred Dividend").
The Series B Preferred Dividend will be payable in cash as
follows: $5.00 per share to be paid
on Tuesday, November 5, 2019 to
Series B Preferred stockholders of record as of Friday, October 25, 2019.
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 value-add 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 27, 2019, 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.