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

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Bluerock Homes Trust (NYSE American: BHM) has declared monthly cash dividends on its Series A Redeemable Preferred Stock for Q4 2024. The dividends, totaling $0.375 per share quarterly, will be paid in three installments of $0.125 per share on November 5, 2024, December 5, 2024, and January 3, 2025. Stockholders of record dates are October 25, November 25, and December 24, respectively.

Additionally, the company announced enhanced special dividends for Q4 2024, calculated at the average one-month term Secured Overnight Financing Rate (SOFR) plus 2.0%, with a minimum of 6.5% and maximum of 8.5% annually. These enhanced dividends will be combined with the regular monthly dividends and paid on the 5th of each month.

Positive

• Declaration of quarterly dividends totaling $0.375 per share for Series A Preferred Stock
• Implementation of enhanced special dividends based on SOFR Rate plus 2.0%
• Minimum annual dividend rate set at 6.5%, ensuring a base return for investors

Negative

• Maximum annual dividend rate capped at 8.5%, potentially limiting returns in high-interest environments

NEW YORK, Oct. 14, 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 fourth 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 Tuesday, November 5, 2024 to Series A Preferred stockholders of record as of Friday, October 25, 2024; $0.125 per share to be paid on Thursday, December 5, 2024 to Series A Preferred stockholders of record as of Monday, November 25, 2024; and $0.125 per share to be paid on Friday, January 3, 2025 to Series A Preferred stockholders of record as of Tuesday, December 24, 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, enhanced special dividends on the Series A Preferred Stock for the fourth quarter of 2024 (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 the quarterly dividend amount for Bluerock Homes Trust (BHM) Series A Preferred Stock in Q4 2024?

The quarterly dividend for Bluerock Homes Trust (BHM) Series A Preferred Stock in Q4 2024 is $0.375 per share, paid in three monthly installments of $0.125 each.

When are the dividend payment dates for BHM's Series A Preferred Stock in Q4 2024?

The dividend payment dates for BHM's Series A Preferred Stock in Q4 2024 are November 5, 2024, December 5, 2024, and January 3, 2025.

How are the enhanced special dividends for BHM's Series A Preferred Stock calculated?

The enhanced special dividends for BHM's Series A Preferred Stock are calculated based on the average one-month term Secured Overnight Financing Rate (SOFR) plus 2.0%, with a minimum of 6.5% and maximum of 8.5% annually.

What is the record date for BHM's Series A Preferred Stock dividend in November 2024?

The record date for BHM's Series A Preferred Stock dividend in November 2024 is Friday, October 25, 2024.