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Bluerock Residential Growth REIT, 8.25% Series A Cumulative Red Preferred Stock
Ticker Symbol: BRG-A     CUSIP: 09627J508     Exchange: AMEX
Security Type:   Traditional Preferred Stock

Security has been Partially Called for:  Wednesday, October 21, 2020

September 21, 2020 -- Bluerock Residential Growth REIT, Inc. announced today that it intends to redeem 1,393,294 shares of its 8.250% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), representing approximately 25% of the total outstanding shares of Series A Preferred Stock, on October 21, 2020 (the “Redemption Date”). The shares of Series A Preferred Stock will be redeemed at a redemption price of $25.00 per share, plus accrued and unpaid dividends up to, and including, the Redemption Date in an amount equal to $0.120313 per share, for total proceeds of $25.120313 per share (the “Redemption Price”). Payment of the Redemption Price will be made in cash. As previously announced, on October 5, 2020, the Company will pay the cash dividend on the Series A Preferred Stock of $0.515625 for the period from July 1, 2020 to September 30, 2020 to each holder of record on September 25, 2020. Such payment will be separate and distinct from the payment of the Redemption Price.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Bluerock Residential Growth REIT, Inc., 8.25% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/21/2020 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.25% per annum ($2.0625 per annum or $0.515625 per quarter) will be paid quarterly on 1/5, 4/5, 7/5 & 10/5 to holders of record on the record date that will be 3/25, 6/25, 9/25 & 12/25 respectively (NOTE: the ex-dividend date is one business day prior to the record date). On 10/21/2022, the issuer will pay cumulative cash dividends on the Series A Preferred Stock at an annual dividend rate increased an additional 2.00% of the liquidation preference per annum on each subsequent anniversary thereafter, subject to a maximum annual dividend rate of 14.0% (see prospectus for further information). On 10/21/2022 holders of Series A Preferred Stock may, at their option, elect to cause the issuer to redeem their shares at a redemption price of $25.00 per share plus an amount equal to all accrued but unpaid dividends (see prospectus for further information). Mandatory Redemption for Asset Coverage may occur if the issuer fails to maintain asset coverage of at least 200%, the issuer will redeem a portion of its outstanding Redeemable and Term Preferred Stock (see prospectus for further information). Upon the occurrence of a Change of Control/Delisting the issuer will have the option to redeem the shares within 120 days for $25.00 per share, plus all accrued but unpaid dividends. Further, if the issuer does not redeem upon the occurrence of a Change of Control/Delisting, the holders of shares will have the option to cause the issuer to redeem their shares (see prospectus for further information). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
AMEX
Chart
8.25%
$2.06
$25.00
$25.00
Partial Call
10/21/2020

None
NF NF
9/25/2020
1/5, 4/5, 7/5 & 10/5
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (BRG)

IPO - 10/15/2015 - 2.50 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: BLPPP    Changed: 10/26/2015
Market Value $140.0 Million

Company's Online Information Links
HOME PAGE:     https://bluerockresidential.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address investor.relations@bluerockre.com
Email Contact Form on Website Go to Email Form

Address and Phone Numbers
Address:   1345 Avenue of the Americas, 32nd Floor, New York, NY 10105
Main Phone Number 212-843-1601
Fax Number 646-278-4220
Investor Relations 888-558-1031
Toll Free Phone Number 877-826-2583
CEO - R. Ramin Kamfar CFO - Christopher J. Vohs

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Latest Update: 10/5/2020