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Bluerock Homes Trust (BHM) Announces Third Quarter Dividends on Series A Preferred Stock
BHMBluerock Homes Trust(BHM) Prnewswire·2024-07-15 19:05

Core Points - Bluerock Homes Trust, Inc. has declared monthly cash dividends on its Series A Redeemable Preferred Stock for Q3 2024 at a quarterly rate of 0.375pershare[1][3]−Thecompanyfocusesonhigh−qualitysingle−familypropertiesinattractivemarkets,particularlyintheSunbeltandhigh−growthareasoftheWesternUnitedStates[2]−Theprincipalobjectiveofthecompanyistogenerateattractiverisk−adjustedinvestmentreturnsthroughaportfolioofsingle−familyrentalhomesandbuild−to−rentcommunities[2]DividendDetails−TheSeriesAPreferredDividendswillbepaidasfollows:0.375 per share [1][3] - The company focuses on high-quality single-family properties in attractive markets, particularly in the Sunbelt and high-growth areas of the Western United States [2] - The principal objective of the company is to generate attractive risk-adjusted investment returns through a portfolio of single-family rental homes and build-to-rent communities [2] Dividend Details - The Series A Preferred Dividends will be paid as follows: 0.125 per share on August 5, September 5, and October 4, 2024, with record dates on July 25, August 23, and September 25, 2024, respectively [3] - Enhanced special dividends will also be declared for Q3 2024, aggregating with regular dividends to yield a rate based on the average one-month Secured Overnight Financing Rate (SOFR Rate) plus 2.0%, with a minimum of 6.5% and a maximum of 8.5% annual rate [7]