Investors Real Estate Trust 6.625% Series C Cumulative Redeemable Preferred Shares




Bluerock Residential Growth REIT, Inc. 7.625% Series C Cumulative Redeemable Preferred Stock

Effective 7/19/2023 the coupon will be increased 2% and will be increased 2% on each anniversery date to a maximum of 14% unless redeemed

If the company fails to maintain an asset coverage ratio of 200% the company must redeem enough shares (which may include some of these preferred shares) to cause the company to meet the asset coverage ratio.




Bluerock Residential Growth REIT, Inc. 8.25% Series A Cumulative Redeemable Preferred Stock

Shares are perpetual, but are puttable (require the company to redeem) to the company, at the option of the holder beginning 10/21/2022 for $25 plus accrued dividends.  Company may redeem with cash or common shares at their option.

Commencing 10/21/2022, if shares have not been redeemed the coupon rate will increase by 2% (50 cents) of the liquidation preference ($25/share) per annum. The coupon will increase by 2% on each anniversary date thereafter to a maximum of 14%.

If the company fails to maintain an asset coverage ratio of 200% the company must redeem enough shares (which may include some of these preferred shares) to cause the company to meet the asset coverage ratio.