NEW YORK, Jan. 5, 2016 /PRNewswire/ -- Bluerock Residential
Growth REIT, Inc. (NYSE MKT: BRG) (the "Company" or "BRG") has
distributed a monthly cash dividend of $0.096667 per share on the Company's Class A and
Class B common stock (the "Common Stock Dividend"), as announced
earlier in the quarter. In addition, the Company has distributed a
pro rata cash dividend on the Company's 8.250% Series A Cumulative
Redeemable Preferred Stock (NYSE MKT: BRG-PrA) (the "Series A
Preferred Stock," and such dividend, the "Series A Preferred
Stock Dividend") for the period from and including the original
issue date of October 21, 2015 to and
including December 31, 2015, in the
amount of $0.4010 per share.
The Common Stock Dividend payments represent an annualized
dividend yield of 9.74% based on the closing price of $11.91 for the Company's Class A common stock as
of the close of trading on January
4th, 2016. The Series A Preferred Stock Dividend
payments represent an annualized dividend yield of 8.17% based on
the closing price of $25.25 for the
Company's Series A Preferred Stock as of the close of trading on
January 4th, 2016. These
yields are subject to change.
The Common Stock Dividend payment follows the Company's
October 12, 2015 announcement of its
declaration of a $0.29 per share
quarterly dividend on its Class A and Class B common stock, each
payable monthly across the quarter. The Series A Preferred Stock
Dividend follows the Company's December 15,
2015 announcement of its declaration of a $0.4010 per share pro rata cash dividend on its
Series A Preferred Stock, payable on January
5, 2016. The Company paid the Common Stock Dividend and the
Series A Preferred Stock Dividend, respectively, to holders of
record of the Company's Class A and Class B common stock and the
Series A Preferred Stock, respectively, as of December 24, 2015.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) is a real
estate investment trust that focuses on acquiring a diversified
portfolio of Class A institutional-quality apartment properties in
demographically attractive 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 improvements to operations and properties. BRG generally
invests with strategic regional partners, including some of the
best-regarded, private owner-operators in the United States, making it possible to
operate as a local sharpshooter in each of its markets while
enhancing off-market sourcing capabilities. The Company is included
in the Russell 2000 and Russell 3000 Indexes. BRG has elected to be
taxed as a real estate investment trust (REIT) for U.S. federal
income tax purposes. For more information, visit our website at:
www.bluerockresidential.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 4,
2015, 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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/bluerock-residential-growth-reit-pays-december-2015-dividend-on-class-a--class-b-common-stock-and-4q-dividend-on-8250-series-a-cumulative-redeemable-preferred-stock-300199254.html
SOURCE Bluerock Residential Growth REIT, Inc.