NEW YORK, Jan. 11, 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 monthly cash dividends on the Company's Series
B Redeemable Preferred Stock (the "Series B Preferred Stock") for
the first quarter of 2019, 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 Tuesday, February 5, 2019 to
Series B Preferred stockholders of record as of Friday,
January 25, 2019; $5.00 per share to
be paid on Tuesday, March 5, 2019 to
Series B Preferred stockholders of record as of Monday,
February 25, 2019; and $5.00 per
share to be paid on Friday, April 5,
2019 to Series B Preferred stockholders of record as of
Monday, March 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 March 13, 2018, 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.