Bluerock Homes Trust (BHM) Announces First Quarter Dividends on Series A Preferred Stock

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Bluerock Homes Trust (BHM) has declared monthly cash dividends on its Series A Redeemable Preferred Stock for Q1 2025. The quarterly dividend rate is set at $0.375 per share, distributed in three monthly payments of $0.125 per share on the following dates:

- February 5, 2025 (record date: January 24, 2025)
- March 5, 2025 (record date: February 25, 2025)
- April 4, 2025 (record date: March 25, 2025)

Additionally, the company announced enhanced special dividends for Q1 2025, which will be combined with regular monthly dividends. The enhanced rate will be calculated as the average one-month term Secured Overnight Financing Rate (SOFR) plus 2.0%, with a minimum of 6.5% and maximum of 8.5% annual rate. These enhanced dividends will be calculated monthly and paid on the 5th of each month.

Positive

• Consistent quarterly dividend payments maintained at $0.375 per share
• Enhanced special dividends offering potential for higher returns (up to 8.5% annually)
• Guaranteed minimum annual return rate of 6.5% for preferred stockholders

Negative

• Maximum cap of 8.5% on annual returns limits upside potential in high-interest environments

NEW YORK, Jan. 15, 2025 /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 2025, 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 Wednesday, February 5, 2025 to Series A Preferred stockholders of record as of Friday, January 24, 2025; $0.125 per share to be paid on Wednesday, March 5, 2025 to Series A Preferred stockholders of record as of Tuesday, February 25, 2025; and $0.125 per share to be paid on Friday, April 4, 2025 to Series A Preferred stockholders of record as of Tuesday, March 25, 2025. 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, enhanced special dividends on the Series A Preferred Stock for the first quarter of 2025 (the "Series A Preferred Enhanced Special Dividends"), which will be seamlessly aggregated with the regular monthly Series A Preferred Dividends so as to effect a dividend rate of the average one month term Secured Overnight Financing Rate (the "SOFR Rate") plus 2.0%, subject to a 6.5% minimum and 8.5% maximum annual rate, calculated and paid monthly. The Series A Preferred Enhanced Special Dividends will be calculated based on the SOFR Rate for each day commencing on the 26^th day of the prior month and ending on the 25^th day of the applicable month, payable on the 5^th of each month.

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 12, 2024, 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.

FAQ

What is BHM's Q1 2025 preferred stock dividend payment schedule?

BHM will pay $0.125 per share on February 5, March 5, and April 4, 2025, totaling $0.375 quarterly.

How are BHM's enhanced special dividends calculated for Q1 2025?

Enhanced dividends are calculated as SOFR Rate plus 2.0%, with a minimum of 6.5% and maximum of 8.5% annual rate.

What is the minimum guaranteed annual dividend rate for BHM Series A Preferred Stock?

The minimum guaranteed annual dividend rate is 6.5%.

What are the record dates for BHM's Q1 2025 preferred stock dividends?

The record dates are January 24, February 25, and March 25, 2025.

How does BHM handle dividend payments for newly-issued preferred shares?

Newly-issued shares receive prorated dividends based on the actual number of days held during the applicable dividend period.