Bluerock Residential Growth REIT, Inc. (BRG)

[SPORTSPROPHET]

Bluerock Residential Growth REIT (BRG) Announces First Quarter 2017 Common Stock and Series B Preferred Stock Dividends

NEW YORK, Jan. 9, 2017 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared monthly cash dividends on the Company's Class A common stock (the "Class A Common Stock") for the first quarter of 2017, equal to a quarterly rate of $0.29 per share (the "Class A Common Dividends"). In addition, the Company has declared monthly cash dividends on its Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the first quarter of 2017, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends").

The Class A Common Dividends will be payable in cash as follows: $0.096666 per share to be paid on Friday, February 3, 2017 to Class A Common stockholders of record as of Wednesday, January 25, 2017; $0.096667 per share to be paid on Friday, March 3, 2017 to Class A Common stockholders of record as of Friday, February 24, 2017; and $0.096667 per share to be paid on Wednesday, April 5, 2017 to Class A Common stockholders of record as of Friday, March 24, 2017.

The Series B Preferred Dividends will be payable in cash as follows: $5.00 per share to be paid on Friday, February 3, 2017 to Series B Preferred stockholders of record as of Wednesday, January 25, 2017; $5.00 per share to be paid on Friday, March 3, 2017 to Series B Preferred stockholders of record as of Friday, February 24, 2017; and $5.00 per share to be paid on Wednesday, April 5, 2017 to Series B Preferred stockholders of record as of Friday, March 24, 2017.