Bluerock Residential Growth REIT, Inc. announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company’s Series B Redeemable Preferred Stock (the “Series B Preferred Stock”) for the month of May 2022, equal to a quarterly rate of $15.00 per share (the “Series B Preferred Dividends”). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company’s Series T Redeemable Preferred Stock (the “Series T Preferred Stock”) for the month of May 2022, equal to a quarterly rate of $0.384375 per share (the “Series T Preferred Dividends”).
The Series B Preferred Dividends will be payable in cash as follows: $5.00 per share to be paid on Friday, June 3, 2022 to Series B Preferred stockholders of record as of Wednesday, May 25, 2022.
The Series T Preferred Dividends will be payable in cash as follows: $0.128125 per share to be paid on Friday, June 3, 2022 to Series T Preferred stockholders of record as of Wednesday, May 25, 2022. Shares of Series T Preferred Stock held for only a portion of the applicable monthly dividend period will receive a prorated Series T Preferred Dividend based on the actual number of days in the applicable dividend period during which each such share of Series T Preferred Stock was outstanding, as permitted under the Articles Supplementary to the Company’s charter dated November 13, 2019.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. 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. 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.