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

Date Issued  7/12/2016

Shares Issued   2,000,000      Overallotment Shares  300,000

S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol   BRG-C      OTC Grey Market Ticker   BRESP

Market Traded ON   NYSE

Dividend Payment Paid on the 5th of January, April, July and October beginning on 10/5/2016

Quarterly Dividend   .477   Annual Dividend   1.906

Securities may be redeemed, at the issuers option, as early as 07/19/2021  the call price is $25 plus accrued dividends

Dividend Payment will NOT be Qualified Distributions (Preferred stock of REITs do not pay qualified distributions).

Maturity Date   None

Commencing in 7/19/2023 if the issue is not redeemed the dividend rate will be reset to 8.25% plus 2% of par (in 2023 the rate will be 10.25%), the rate will increase 2% of par (50 cents) on each anniversary date subject to a maximum of 14%.

NOTE–beginning in 7/2023 holders may, at their option, elect to have their shares redeemed at $25/share plus accrued dividends.  The company may redeem in cash or common shares or in any combination.

Additionally Bluerock will be required to maintain a asset coverage ratio of 200% as defined in the prospectus.  If this is not maintained they are required to redeem preferred shares.

Company Investor Relations Page for Blue Rock Residential Growth REIT Inc.

Click Here for the Offering Prospectus or Final Pricing