NEW YORK, June 11, 2021 / PRNewswire / – Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) (the “Company”) today announced that its board of directors has authorized and that the Company has declared quarterly cash dividends on the class A common shares of the Company (the “Class A common shares”) and class C common shares of the Company (the “Class C common shares”) for the second quarter of 2021, in each case up to of $ 0.1625 per share (collectively, the “common dividends”). In addition, the Board of Directors has authorized and the Company declared a quarterly cash dividend on the Company’s 7.625% Cumulative Cumulative Redeemable Preferred Shares (the “Series C Preferred Shares”) for the second quarter of 2021, in the amount of $ 00.4765625 per share (the “Series C Preferred Dividend”). In addition, the Company declared a quarterly cash dividend on its 7.125% Cumulative Preferred Shares Series D (the “Series D Preferred Shares”) for the second quarter of 2021, in the amount of. $ 0.4453125 per share (the “Series D Preferred Dividend”).
The Ordinary Dividends, the Series C Preferred Dividend and the Series D Preferred Dividend will each be payable in cash on Friday, July 2, 2021 Class A common shareholders, Class C common shareholders, Series C preferred shareholders and Series D preferred shareholders of record (respectively) on Friday 25 June 2021.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) is a real estate investment trust focused on developing and acquiring a diverse portfolio of highly appointed institutional grade living / work / leisure apartment communities in growth markets of the demographically attractive knowledge economy to attract the tenant by choice. The Company’s goal is to generate value through off-market / relationship-based transactions and, at the asset level, through value-added improvements to properties and operations. The Company is included in the Russell 2000 and Russell 3000 indices. BRG has elected to be taxed as a real estate investment trust (REIT) for US federal income tax purposes.
For more information, please visit the company’s website at www.bluerockresidential.com.
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 on the Company’s current expectations, but such statements are not guaranteed to occur. Further, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes. Investors should not place undue reliance on forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, the actual results and performance of the Company could differ materially from those stated in these forward-looking statements due to many factors. One of the most important factors at present is the potential negative effect of the COVID-19 pandemic on the financial condition, results of operations, cash flow and performance of the Company and of its tenants, partners and employees, as well as in the real estate market. and the global economy and financial markets. The extent of the impact of COVID-19 on 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 extent, severity and duration of pandemic, measures taken to contain the pandemic or mitigate its impact (including government actions which may vary by jurisdiction, such as mandatory business closures; stay-at-home orders; limitations on the group activity; and actions to protect residential tenants against eviction), and the direct and indirect economic consequences of pandemic and containment measures, including national and local employment rates and the impact correspondent on the ability of the Company’s tenants to pay their rent on time or not at all, among other things. For a more in-depth discussion of factors that could affect the results, please refer to the risk factors set out in Item 1A of the Company’s Annual Report on Form 10-K filed by the Company with the United States Securities and Exchange Commission (“SEC”) on on February 23, 2021 and subsequent filings by the Company with the SEC. We claim safe-haven 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.