Bluerock Homes Trust (BHM) Board Declares Increased Dividends and Enhanced Terms for its Series A Preferred Stock
Bluerock Homes Trust, Inc. (BHM) announced an increase in dividends for its Series A Preferred Stock, introducing a new special dividend (Series A Preferred Special Dividends) to be combined with the regular monthly dividends. The dividend rate will be tied to the average 1-month term SOFR rate plus 2%, with a minimum of 6.5% and a maximum of 8.5% annually. The special dividends will be based on the SOFR Rate for each month, ensuring consistent monthly payments to shareholders.
Introduction of new special dividends (Series A Preferred Special Dividends) enhancing shareholder returns.
Implementation of a dividend policy tied to the average 1-month term SOFR rate plus 2% ensures regular and predictable dividend payments.
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By way of example, if the average SOFR Rate is equal to
The Series A Preferred Special Dividends shall be declared for each month for which the Board declares the regular monthly dividend of
About Bluerock Homes Trust, Inc.
Bluerock Homes Trust, Inc. (NYSE American: BHM), headquartered in
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
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SOURCE Bluerock Homes Trust, Inc.