EPR Properties announces the tax status of 2020 distributions

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KANSAS CITY, Missouri – (COMMERCIAL THREAD) – EPR Properties (NYSE: EPR) today announced the 2020 year-end tax information for the 2020 distributions paid to shareholders. Shareholders are encouraged to consult their personal tax advisers as to their specific tax treatment of EPR Properties distributions.

The 2020 distributions paid of $ 1.890000 per common share (CUSIP # 26884U109) are as follows:

Save

Dated

Payment

Dated

Cash

Distribution

per share

Taxable

Ordinary

Dividend

Not taxable

Back from

Capital city

Total

Capital gain

Distribution

Not recovered

Second. 1250

To win

Total 199A

Distribution

12/31/19

01-15-20

$

0.375000

$

0.176359

$

0.111779

$

0.086862

$

0.028556

$

0.176359

01-31-20

02-18-20

$

0.375000

$

0.176359

$

0.111779

$

0.086862

$

0.028556

$

0.176359

02-28-20

03/16/20

$

0.375000

$

0.176359

$

0.111779

$

0.086862

$

0.028556

$

0.176359

03-31-20

04-15-20

$

0.382500

$

0.179886

$

0.114014

$

0.088600

$

0.029127

$

0.179886

04-30-20

15-05-20

$

0.382500

$

0.179886

$

0.114014

$

0.088600

$

0.029127

$

0.179886

Total for 2020

$

1.890000

$

0.888849

$

0.563365

$

0.437786

$

0.143922

$

0.888849

100,000%

47.029%

29.808%

23.163%

Total 2020 distributions per share of $ 1,650636, including cash distributions paid of $ 1.437500 per share and non-cash distributions of $ 0.213136 per share, for cumulative convertible preferred shares at 5 , 75% Series C (CUSIP # 26884U208) are as follows:

Save

Dated

Payment

Dated

Cash

Distribution

per share

Taxable

Ordinary

Dividend

Not taxable

Back from

Capital city

Total

Capital gain

Distribution

Not recovered

Second. 1250

To win

Total 199A

Distribution

12/31/19

01-15-20

$

0.359375

$

0.240782

$

0.000000

$

0.118593

$

0.038987

$

0.240782

03-31-20

04-15-20

$

0.359375

$

0.240782

$

0.000000

$

0.118593

$

0.038987

$

0.240782

06-30-20

07-15-20

$

0.359375

$

0.240782

$

0.000000

$

0.118593

$

0.038987

$

0.240782

09/30/20

10-15-20

$

0.359375

$

0.240782

$

0.000000

$

0.118593

$

0.038987

$

0.240782

Total for 2020

$

1.437500

$

0.963128

$

0.000000

$

0.474372

$

0.155948

$

0.963128

100,000%

67,000%

0.000%

33,000%

Effective date

Cashless

Distribution

per share

Taxable

Ordinary

Dividend

Not taxable

Back from

Capital city

Total

Capital gain

Distribution

Not recovered

Second. 1250

To win

Total 199A

Distribution

03/31/2020

$

0.213136

$

0.095829

$

0.070108

$

0.047199

$

0.015517

$

0.095829

Total for 2020(1)

$

0.213136

$

0.095829

$

0.070108

$

0.047199

$

0.015517

$

0.095829

100,000%

44.961%

32.894%

22.145%

The total 2020 distributions per share of $ 2.419540, consisting of cash distributions paid of $ 2.250,000 per share and non-cash distributions of $ 0.169540 per share, for the cumulative convertible preferred shares at 9, 00% of Series E (CUSIP # 26884U307) are as follows:

Save

Dated

Payment

Dated

Cash

Distribution

per share

Taxable

Ordinary

Dividend

Not taxable

Back from

Capital city

Total

Capital gain

Distribution

Not recovered

Second. 1250

To win

Total 199A

Distribution

12/31/19

01-15-20

$

0.562500

$

0.376877

$

0.000000

$

0.185623

$

0.061024

$

0.376877

03-31-20

04-15-20

$

0.562500

$

0.376877

$

0.000000

$

0.185623

$

0.061024

$

0.376877

06-30-20

07-15-20

$

0.562500

$

0.376877

$

0.000000

$

0.185623

$

0.061024

$

0.376877

09/30/20

10-15-20

$

0.562500

$

0.376877

$

0.000000

$

0.185623

$

0.061024

$

0.376877

Total for 2020

$

2.250000

$

1.507508

$

0.000000

$

0.742492

$

0.244096

$

1.507508

100,000%

67,000%

0.000%

33,000%

Effective date

Cashless

Distribution

per share

Taxable

Ordinary

Dividend

Not taxable

Back from

Capital city

Total

Capital gain

Distribution

Not recovered

Second. 1250

To win

Total 199A

Distribution

03/30/2020

$

0.169540

$

0.017661

$

0.143180

$

0.008699

$

0.061024

$

0.017661

Total for 2020(1)

$

0.169540

$

0.017661

$

0.143180

$

0.008699

$

0.061024

$

0.017661

100,000%

10.417%

84.452%

5.131%

(1)

Shareholders of the 5.75% Cumulative Cumulative Convertible Preferred Shares Series C and 9.00% Cumulative Dividend Preferred Shares Series E received non-cash distributions associated with the conversion adjustments, as provided for. the provisions of the respective series. The conversion adjustment provision allows Series C and Series E shareholders, when certain quarterly common share distribution thresholds are reached, to receive additional EPR Properties common shares upon a conversion of the preferred shares into ordinary actions. The increase in the number of common shares receivable on a conversion is a deemed distribution for federal income tax purposes.

In accordance with the provisions of the respective series, the conversion adjustment is effective during the quarters during which the variation of the cumulative increased conversion ratio exceeds 1%. Deemed distributions are recognized (a) in the quarter in which the cumulative conversion ratio exceeds 1% and (b) as at December 29, 2020 for any conversion adjustment that has been deferred due to the cumulative increase in the conversion ratio below at 1%. As such, a deemed distribution associated with the conversion adjustment for Series C is reflected in March 2020, and the conversion adjustment for Series E is reflected in March 2020.

The total 2020 distributions paid per share of $ 1.437500 for the 5.750% Cumulative Redeemable Preferred Shares Series G (CUSIP # 26884U505) are as follows:

Save

Dated

Payment

Dated

Cash

Distribution

per share

Taxable

Ordinary

Dividend

Not taxable

Back from

Capital city

Total

Capital gain

Distribution

Not recovered

Second. 1250

To win

Total 199A

Distribution

12/31/19

01-15-20

$

0.359375

$

0.240782

$

0.000000

$

0.118593

$

0.038987

$

0.240782

03-31-20

04-15-20

$

0.359375

$

0.240782

$

0.000000

$

0.118593

$

0.038987

$

0.240782

06-30-20

07-15-20

$

0.359375

$

0.240782

$

0.000000

$

0.118593

$

0.038987

$

0.240782

09/30/20

10-15-20

$

0.359375

$

0.240782

$

0.000000

$

0.118593

$

0.038987

$

0.240782

Total for 2020

$

1.437500

$

0.963128

$

0.000000

$

0.474372

$

0.155948

$

0.963128

100,000%

67,000%

0.000%

33,000%

About EPR properties

EPR Properties is a leading experiential net leasehold real estate investment trust (REIT) specializing in certain experiential sustainable properties in the real estate industry. We focus on real estate sites that create value by facilitating out-of-home leisure and leisure experiences where consumers choose to spend their time and money on a discretionary basis. We have nearly $ 6.5 billion in total investments in 44 states. We adhere to rigorous underwriting and investment criteria focused on leading industry, real estate and tenant cash flow standards. We believe our focused approach offers a competitive advantage and the potential for stable and attractive returns. More information is available at www.eprkc.com.


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