Bluerock Residential Growth REIT (BRG) Announces First Quarter Dividends on Series B Preferred Stock and Series T Preferred Stock

By Benzinga7 days ago

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NEW YORK, Jan. 13, 2021 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE:BRG) (the “Company“) today announced that its Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Series B Redeemable Preferred Stock (the “Series B Preferred Stock“) for the first quarter of 2021, equal to a quarterly rate of $15.00 per share (the “Series B Preferred Dividends“). In addition, the Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Series T Redeemable Preferred Stock (the “Series T Preferred Stock“) for the first quarter of 2021, equal to a quarterly rate of $0.384375 per share (the “Series T Preferred Dividends“).

The Series B Preferred Dividends will be payable in cash as follows: $5.00 per share to be paid on Friday, February 5, 2021 to Series B Preferred stockholders of record as of Monday, January 25, 2021; $5.00 per share to be paid on Friday, March 5, 2021 to Series B Preferred stockholders of record as of Thursday, February 25, 2021; and $5.00 per share ...

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