New York, NY (June 10, 2016) – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) today announced that its Board of Directors has authorized and the Company has declared a quarterly cash dividend on the Company’s 8.250% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) for the second quarter of 2016, in the amount of $0.515625 per share (the “Series A Preferred Dividend”).
The Series A Preferred Dividend will be payable in cash on Tuesday, July 5, 2016 to Series A Preferred Stockholders of record as of Friday, June 24, 2016.
The Company further announced today that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company’s Series B Redeemable Preferred Stock (the “Series B Preferred Stock”) for the month of June 2016, in the amount of $5.00 per share (the “Series B Preferred Dividend”).
The Series B Preferred Dividend will be payable in cash on Tuesday, July 5, 2016 to Series B Preferred Stockholders of record as of Friday, June 24, 2016.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) is a real estate investment trust that focuses on acquiring a diversified portfolio of Class A institutional-quality apartment properties in demographically attractive growth markets to appeal to the renter by choice. The Company’s objective is to generate value through off-market/relationship-based transactions and, at the asset level, through improvements to operations and properties. The Company generally invests with strategic regional partners, including some of the best-regarded, private owner-operators in the United States, making it possible to operate as a local sharpshooter in each of its markets while enhancing off-market sourcing capabilities. The Company is included on the Russell 2000 and Russell 3000 Indexes. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. For more information, please visit our website at: www.bluerockresidential.com.
Forward Looking Statements
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 upon the Company’s present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the risk factors set forth in Item 1A of the Company’s Annual Report on Form 10-K filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on February 24, 2016, and subsequent filings by the Company with the SEC. We claim the safe harbor protection for forward looking statements contained in the Private Securities Litigation Reform Act of 1995.