NEW
YORK, Jan. 16, 2024 /PRNewswire/ -- Bluerock
Homes Trust, Inc. (NYSE American: BHM) (the "Company") today
announced that its Board of Directors has authorized and the
Company has declared monthly cash dividends on the Company's Series
A Redeemable Preferred Stock (the "Series A Preferred Stock") for
the first quarter of 2024, equal to a quarterly rate of
$0.375 per share (the "Series A
Preferred Dividends").
The Series A Preferred Dividends will be payable in cash as
follows: accrued but unpaid dividends of $0.125 per share to be paid on Monday,
February 5, 2024 to Series A Preferred stockholders of record as of
Thursday, January 25, 2024;
$0.125 per share to be paid
on Tuesday, March 5, 2024 to Series A Preferred stockholders
of record as of Friday, February 23,
2024; and $0.125 per share to
be paid on Friday, April 5, 2024 to
Series A Preferred stockholders of record as of Monday, March 25, 2024. Newly-issued shares of
Series A Preferred Stock held for only a portion of each applicable
monthly dividend period will receive a prorated Series A Preferred
Dividend based on the actual number of days in the applicable
dividend period during which each such share of Series A Preferred
Stock was outstanding, as permitted under the Articles
Supplementary to the Company's charter dated March 14, 2023.
The Board of Directors has previously authorized, and in
connection with the Series A Preferred Dividends the Company has
also declared, special dividends on the Series A Preferred Stock
for the first quarter of 2024 (the "Series A Preferred Special
Dividends"), which will be seamlessly aggregated with the regular
monthly Series A Preferred Dividends so as to effect a dividend
rate of 2.0% over the 10-Year Daily Treasury Par Yield Curve Rate
("10-Year Treasury Rate") with a floor of 6.0% annually, calculated
and paid monthly. The Series A Preferred Special Dividends will be
payable to the extent the average 10-Year Treasury Rate exceeds
4.0%.
About Bluerock Homes Trust, Inc.
Bluerock Homes Trust,
Inc. (NYSE American: BHM), headquartered in New York, New York, is an externally managed
REIT that owns and operates high-quality single-family properties
located in attractive markets with a focus on the knowledge-economy
and high quality of life regions of the Sunbelt and high growth
areas of the Western United
States. BHM's principal objective is to generate attractive
risk-adjusted investment returns by assembling a portfolio of
pre-existing single-family rental homes and developing
build-to-rent communities. BHM properties are located across a
diverse group of growth markets and will seek to target a growing
pool of middle-market renters seeking the single-family lifestyle
without the upfront and ongoing investments associated with home
ownership. For more information, please visit
bluerockhomes.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 March 22, 2023, 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 Homes Trust, Inc.