Bluerock Residential Growth REIT has plans to redeem more than 1.39 million shares of its 8.25 percent Series A Cumulative Redeemable Preferred Stock, representing approximately 25 percent of the total outstanding shares of Series A Preferred Stock, on Oct. 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 Oct. 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 Sept. 30, 2020, to each holder of record on Sept. 25, 2020. Such payment will be separate and distinct from the payment of the Redemption Price.
Dividends on the shares of Series
