EPR Properties (NYSE: EPR) today announced the 2017 year-end tax
reporting information for 2017 distributions made to shareholders.
Shareholders are encouraged to consult with their personal tax
advisors as to their specific tax treatment of EPR Properties
distributions.
The 2017 distributions paid of $4.060000 per Common Share (CUSIP
#26884U109) are as follows:
Record
Date
Payment
Date
Cash
Distribution
per share
TaxableOrdinaryDividend
Non-TaxableReturn
ofCapital
Total
CapitalGainDistribution
UnrecapturedSec. 1250Gain
12-30-16 01-16-17 $0.320000 $0.279283 $0.021766 $0.018951 $0.007309
01-31-17 02-15-17 $0.340000 $0.296738 $0.023126 $0.020136 $0.007766
02-28-17 03-15-17 $0.340000 $0.296738 $0.023126 $0.020136 $0.007766
03-31-17 04-17-17 $0.340000 $0.296738 $0.023126 $0.020136 $0.007766
04-28-17 05-15-17 $0.340000 $0.296738 $0.023126 $0.020136 $0.007766
05-31-17 06-15-17 $0.340000 $0.296738 $0.023126 $0.020136 $0.007766
06-30-17 07-17-17 $0.340000 $0.296738 $0.023126 $0.020136 $0.007766
07-31-17 08-15-17 $0.340000 $0.296738 $0.023126 $0.020136 $0.007766
08-31-17 09-15-17 $0.340000 $0.296738 $0.023126 $0.020136 $0.007766
09-29-17 10-16-17 $0.340000 $0.296738 $0.023126 $0.020136 $0.007766
10-31-17 11-15-17 $0.340000 $0.296738 $0.023126 $0.020136 $0.007766
11-30-17 12-15-17
$0.340000 $0.296738
$0.023126 $0.020136
$0.007766 Total for 2017 $4.060000 $3.543401 $0.276152
$0.240447 $0.097235 100.0000% 87.2759% 6.8018% 5.9223%
The 2017 total distributions per share of $1.929300, consisting
of cash distributions paid of $1.437500 per share and non-cash
distributions of $0.491800 per share, for the Series C 5.75%
Cumulative Convertible Preferred Shares (CUSIP #26884U208) are as
follows:
Record
Date
Payment
Date
Cash
Distribution
per share
TaxableOrdinaryDividend
Non-TaxableReturn
ofCapital
Total
CapitalGainDistribution
UnrecapturedSec. 1250Gain
12-30-16 01-16-17 $0.359375 $0.336538 $0.000000 $0.022837 $0.008808
03-31-17 04-17-17 $0.359375 $0.336538 $0.000000 $0.022837 $0.008808
06-30-17 07-17-17 $0.359375 $0.336538 $0.000000 $0.022837 $0.008808
09-29-17 10-16-17
$0.359375 $0.336538
$0.000000 $0.022837
$0.008808 Total for 2017 $1.437500 $1.346152 $0.000000
$0.091348 $0.035232 100.0000% 93.6454% 0.0000% 6.3546%
Effective Date
Non-cash
Distribution
per share
TaxableOrdinaryDividend
Non-TaxableReturn
ofCapital
Total
CapitalGainDistribution
UnrecapturedSec. 1250Gain
09-29-17 $0.360880 $0.258782 $0.084538 $0.017560 $0.006773 12-31-17
$0.130920 $0.093881
$0.030669 $0.006370
$0.002457 Total for 2017(1) $0.491800 $0.352663
$0.115207 $0.023930 $0.009230 100.0000% 71.7086% 23.4256% 4.8658%
The 2017 total distributions per share of $2.511836, consisting
of cash distributions paid of $2.250000 per share and non-cash
distributions of $0.261836 per share, for the Series E 9.00%
Cumulative Convertible Preferred Shares (CUSIP #26884U307) are as
follows:
Record
Date
Payment
Date
CashDistributionper share
TaxableOrdinaryDividend
Non-TaxableReturn
ofCapital
Total
CapitalGainDistribution
UnrecapturedSec. 1250Gain
12-30-16 01-16-17 $0.562500 $0.526756 $0.000000 $0.035744 $0.013786
03-31-17 04-17-17 $0.562500 $0.526756 $0.000000 $0.035744 $0.013786
06-30-17 07-17-17 $0.562500 $0.526756 $0.000000 $0.035744 $0.013786
09-29-17 10-16-17
$0.562500 $0.526756
$0.000000 $0.035744
$0.013786 Total for 2017 $2.250000 $2.107024 $0.000000
$0.142976 $0.055144 100.0000% 93.6455% 0.0000% 6.3545%
Effective
Date
Non-cashDistributionper
share
TaxableOrdinaryDividend
Non-TaxableReturn
ofCapital
Total
CapitalGainDistribution
UnrecapturedSec. 1250Gain
12-31-17(1) $0.261836 $0.142768 $0.109380 $0.009688 $0.003736
100.0000% 54.5255% 41.7745% 3.7000%
(1) Shareholders of the Series C 5.75% Cumulative
Convertible Preferred Shares and the Series E 9.00% Cumulative
Preferred Shares received non-cash distributions associated with
conversion adjustments, as provided by the provisions of the
respective Series. The conversion adjustment provision entitles
Series C and Series E shareholders, upon certain quarterly common
share distribution thresholds being met, to receive additional EPR
Properties common shares upon a conversion of the preferred shares
into common shares. The increase in common shares to be received
upon a conversion is a deemed distribution for federal income tax
purposes. In accordance with the respective Series
provisions, the conversion adjustment is effective in quarters in
which the change in the cumulative increased conversion ratio
exceeds 1%. The deemed distributions are recognized (a) in the
quarter when the cumulative conversion ratio exceeds 1% and (b) at
December 29, 2017 for any conversion adjustment which has been
deferred due to the cumulative increased conversion ratio being
less than 1%. As such, a deemed distribution associated with the
conversion adjustment for Series C is reflected in September, 2017
and December, 2017, and the Series E conversion adjustment is
reflected in December, 2017.
The 2017 total distributions paid per share of $1.955297 for the
Series F 6.625% Cumulative Redeemable Preferred Shares (CUSIP
#26884U406) are as follows:
Record
Date
Payment
Date
Total
Distribution
per share
TaxableOrdinaryDividend
Non-TaxableReturn
ofCapital
Total
CapitalGainDistribution
UnrecapturedSec. 1250Gain
12-30-16 01-16-17 $0.414063 $0.387751 $0.000000 $0.026312 $0.010148
03-31-17 04-17-17 $0.414063 $0.387751 $0.000000 $0.026312 $0.010148
06-30-17 07-17-17 $0.414063 $0.387751 $0.000000 $0.026312 $0.010148
09-29-17 10-16-17 $0.414063 $0.387751 $0.000000 $0.026312 $0.010148
12-21-17 12-21-17
$0.299045 $0.280042
$0.000000 $0.019003
$0.007329 Total for 2017(2) $1.955297 $1.831046
$0.000000 $0.124251 $0.047921 100.0000% 93.6454% 0.0000% 6.3546%
(2) Differences between totals and details relate to
rounding.
On December 21, 2017, EPR Properties redeemed all of its
outstanding Series F 6.625% Cumulative Redeemable Preferred Shares
at a redemption price of $25.299045 per share. The redemption price
was the sum of the $25.00 per share liquidation preference, plus
$0.299045 per share, the amount equal to all accumulated and unpaid
dividends up to, but not including, the redemption date.
About EPR Properties
EPR Properties is a specialty real estate investment trust
(REIT) that invests in properties in select market segments which
require unique industry knowledge, while offering the potential for
stable and attractive returns. Our total investments exceed $6.6
billion and our primary investment segments are Entertainment,
Recreation and Education. We adhere to rigorous underwriting and
investing criteria centered on key industry and property level cash
flow standards. We believe our focused niche approach provides a
competitive advantage, and the potential for higher growth and
better yields. Further information is available at
www.eprkc.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180125006307/en/
EPR PropertiesBrian Moriarty, 1-888-EPR-REITVice
President – Corporate Communicationswww.eprkc.com
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