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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

EPR Properties Announces Tax Status of 2021 Distributions

January 14, 2022 GMT

KANSAS CITY, Mo.--(BUSINESS WIRE)--Jan 14, 2022--

EPR Properties (NYSE: EPR) today announced the 2021 year-end tax reporting information for 2021 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 2021 distributions paid of $1.250000 per Common Share (CUSIP #26884U109) are as follows:

Record
Date

 

Payment
Date

 

Cash
Distribution
per share

 

Taxable
Ordinary
Dividend

 

Non-
Taxable
Return of
Capital

 

Total
Capital
Gain
Distribution

 

Unrecaptured
Sec. 1250
Gain

 

Total 199A
Distribution

07-30-21

 

08-16-21

 

$0.250000

 

$0.250000

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.250000

08-31-21

 

09-15-21

 

$0.250000

 

$0.250000

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.250000

09-30-21

 

10-15-21

 

$0.250000

 

$0.250000

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.250000

10-29-21

 

11-15-21

 

$0.250000

 

$0.250000

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.250000

11-30-21

 

12-15-21

 

$0.250000

 

$0.250000

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.250000

Total for 2021

 

$1.250000

 

$1.250000

 

$0.000000

 

$0.000000

 

$0.000000

 

$1.250000

 

 

 

 

100.000%

 

100.000%

 

0.000%

 

0.000%

 

 

 

 

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The 2021 total distributions per share of $1.489739, consisting of cash distributions paid of $1.437500 per share and non-cash distributions of $0.052239 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

 

Taxable
Ordinary
Dividend

 

Non-
Taxable
Return of
Capital

 

Total
Capital
Gain
Distribution

 

Unrecaptured
Sec. 1250
Gain

 

Total 199A
Distribution

12-31-20

 

01-15-21

 

$0.359375

 

$0.359375

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.359375

03-31-21

 

04-15-21

 

$0.359375

 

$0.359375

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.359375

06-30-21

 

07-15-21

 

$0.359375

 

$0.359375

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.359375

09-30-21

 

10-15-21

 

$0.359375

 

$0.359375

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.359375

Total for 2021

 

$1.437500

 

$1.437500

 

$0.000000

 

$0.000000

 

$0.000000

 

$1.437500

 

 

 

 

100.000%

 

100.000%

 

0.000%

 

0.000%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective Date

 

Non-cash
Distribution
per share

 

Taxable
Ordinary
Dividend

 

Non-
Taxable
Return of
Capital

 

Total
Capital
Gain
Distribution

 

Unrecaptured
Sec. 1250
Gain

 

Total 199A
Distribution

12-31-2021

 

$0.052239

 

$0.052239

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.052239

Total for 2021 (1)

 

$0.052239

 

$0.052239

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.052239

 

 

 

 

100.000%

 

100.000%

 

0.000%

 

0.000%

 

 

 

 

The 2021 distributions paid of $2.250000 per share for the Series E 9.00% Cumulative Convertible Preferred Shares (CUSIP #26884U307) are as follows:

Record
Date

 

Payment
Date

 

Cash
Distribution
per share

 

Taxable
Ordinary
Dividend

 

Non-
Taxable
Return of
Capital

 

Total
Capital
Gain
Distribution

 

Unrecaptured
Sec. 1250
Gain

 

Total 199A
Distribution

12-31-20

 

01-15-21

 

$0.562500

 

$0.562500

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.562500

03-31-21

 

04-15-21

 

$0.562500

 

$0.562500

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.562500

06-30-21

 

07-15-21

 

$0.562500

 

$0.562500

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.562500

09-30-21

 

10-15-21

 

$0.562500

 

$0.562500

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.562500

Total for 2021

 

$2.250000

 

$2.250000

 

$0.000000

 

$0.000000

 

$0.000000

 

$2.250000

 

 

 

 

100.000%

 

100.000%

 

0.000%

 

0.000%

 

 

 

 

(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 31, 2021 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 December, 2021.

The 2021 total distributions paid per share of $1.437500 for the Series G 5.750% Cumulative Redeemable Preferred Shares (CUSIP #26884U505) are as follows:

Record
Date

 

Payment
Date

 

Cash
Distribution
per share

 

Taxable
Ordinary
Dividend

 

Non-
Taxable
Return of
Capital

 

Total
Capital
Gain
Distribution

 

Unrecaptured
Sec. 1250
Gain

 

Total 199A
Distribution

12-31-20

 

01-15-21

 

$0.359375

 

$0.359375

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.359375

03-31-21

 

04-15-21

 

$0.359375

 

$0.359375

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.359375

06-30-21

 

07-15-21

 

$0.359375

 

$0.359375

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.359375

09-30-21

 

10-15-21

 

$0.359375

 

$0.359375

 

$0.000000

 

$0.000000

 

$0.000000

 

$0.359375

Total for 2021

 

$1.437500

 

$1.437500

 

$0.000000

 

$0.000000

 

$0.000000

 

$1.437500

 

 

 

 

100.000%

 

100.000%

 

0.000%

 

0.000%

 

 

 

 

About EPR Properties

EPR Properties is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues which create value by facilitating out-of-home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have nearly $6.5 billion in total investments across 44 states. We adhere to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. We believe our focused approach provides a competitive advantage and the potential for stable and attractive returns. Further information is available at www.eprkc.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220114005453/en/

CONTACT: EPR Properties

Brian Moriarty

Vice President, Corporate Communications

brianm@eprkc.com| 816-472-1700

KEYWORD: MISSOURI UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT

SOURCE: EPR Properties

Copyright Business Wire 2022.

PUB: 01/14/2022 04:15 PM/DISC: 01/14/2022 04:17 PM

http://www.businesswire.com/news/home/20220114005453/en