NEW
YORK, June 10, 2022 /PRNewswire/ -- Bluerock
Residential Growth REIT, Inc. (NYSE American: BRG) (the "Company")
today announced that its Board of Directors has authorized and the
Company has declared quarterly cash dividends on the Company's
Class A common stock (the "Class A Common Stock") and the Company's
Class C common stock (the "Class C Common Stock") for the second
quarter of 2022, in each case in the amount of $0.1625 per share (collectively, the "Common
Dividends"). In addition, the Board of Directors has
authorized and the Company has declared a quarterly cash
dividend on the Company's 7.625% Series C
Cumulative Redeemable Preferred Stock (the "Series C
Preferred Stock") for the second quarter of 2022, in the amount of
$0.4765625 per share (the "Series C
Preferred Dividend"). Further, the Board of Directors has
authorized and the Company has declared a quarterly cash
dividend on its 7.125% Series D Cumulative Preferred
Stock (the "Series D Preferred Stock") for the second
quarter of 2022, in the amount of $0.4453125 per share (the "Series D Preferred
Dividend"). Finally, the Board of Directors has also
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 June
2022, equal to a quarterly rate of $15.00 per share (the "Series B Preferred
Dividend"), as well as a monthly cash dividend on the Company's
Series T Redeemable Preferred Stock (the "Series T Preferred
Stock") for the month of June 2022,
equal to a quarterly rate of $0.384375 per share (the "Series T Preferred
Dividend").
The Common Dividends, the Series C Preferred Dividend, the
Series D Preferred Dividend, the Series B Preferred Dividend and
the Series T Preferred Dividend will each be payable in cash on
Tuesday, July 5, 2022 to Class A
Common stockholders, Class C Common stockholders, Series C
Preferred stockholders, Series D Preferred stockholders, Series B
Preferred stockholders and Series T Preferred stockholders of
record (respectively) as of Friday, June 24,
2022.
About Bluerock Residential Growth REIT,
Inc.
Bluerock Residential Growth REIT, Inc. (NYSE
American: BRG) 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 the Company's 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. Although the Company believes
that the expectations reflected in these forward-looking statements
are based on reasonable assumptions, the Company's actual results
and performance could differ materially from those set forth in
these forward-looking statements due to numerous factors.
Currently, one of the most significant factors is the potential
adverse effect of the COVID-19 pandemic on the financial condition,
results of operations, cash flows and performance of the Company
and its tenants, partners and employees, as well as the real estate
market and the global economy and financial markets. The extent to
which COVID-19 impacts the Company and its tenants, partners and
employees will depend on future developments, which are highly
uncertain and cannot be predicted with confidence, including the
scope, severity and duration of the pandemic, the actions taken to
contain the pandemic or mitigate its impact (including governmental
actions that may vary by jurisdiction, such as mandated business
closing; stay-at-home orders; limits on group activity; and actions
to protect residential tenants from eviction), and the direct and
indirect economic effects of the pandemic and containment measures,
including national and local employment rates and the corresponding
impact on the Company's tenants' ability to pay their rent on time
or at all, among others. 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 11, 2022,
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 Residential Growth REIT, Inc.