Market Overview

EPR Properties Announces Tax Status of 2019 Distributions

Share:

EPR Properties (NYSE:EPR) today announced the 2019 year-end tax reporting information for 2019 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 2019 distributions paid of $4.485000 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

12-31-18

 

01-15-19

 

$0.360000

 

$0.220021

 

$0.112101

 

$0.027878

 

$0.027878

 

$0.220021

01-31-19

 

02-15-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

02-28-19

 

03-15-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

03-29-19

 

04-15-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

04-30-19

 

05-15-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

05-31-19

 

06-17-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

06-28-19

 

07-15-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

07-31-19

 

08-15-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

08-30-19

 

09-16-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

09-30-19

 

10-15-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

10-31-19

 

11-15-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

11-29-19

 

12-16-19

 

$0.375000

 

$0.229189

 

$0.116772

 

$0.029039

 

$0.029039

 

$0.229189

Total for 2019

 

$4.485000

 

$2.741100

 

$1.396593

 

$0.347307

 

$0.347307

 

$2.741100

 

 

 

 

100.000%

 

61.117%

 

31.139%

 

7.744%

 

 

 

 

The 2019 total distributions per share of $2.119686, consisting of cash distributions paid of $1.437500 per share and non-cash distributions of $0.682186 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

12-31-18

 

01-15-19

 

$0.359375

 

$0.318961

 

$0.000000

 

$0.040414

 

$0.040414

 

$0.318961

03-29-19

 

04-15-19

 

$0.359375

 

$0.318961

 

$0.000000

 

$0.040414

 

$0.040414

 

$0.318961

06-28-19

 

07-15-19

 

$0.359375

 

$0.318961

 

$0.000000

 

$0.040414

 

$0.040414

 

$0.318961

09-30-19

 

10-15-19

 

$0.359375

 

$0.318961

 

$0.000000

 

$0.040414

 

$0.040414

 

$0.318961

Total for 2019

 

$1.437500

 

$1.275844

 

$0.000000

 

$0.161656

 

$0.161656

 

$1.275844

 

 

 

 

100.000%

 

88.754%

 

0.000%

 

11.246%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

06-28-19

 

$0.343114

 

$0.052802

 

$0.283622

 

$0.006690

 

$0.006690

 

$0.052802

12-31-19

 

$0.339072

 

$0.052180

 

$0.280281

 

$0.006611

 

$0.006611

 

$0.052180

Total for 2019(1)

 

$0.682186

 

$0.104982

 

$0.563903

 

$0.013301

 

$0.013301

 

$0.104982

 

 

 

 

100.000%

 

15.389%

 

82.661%

 

1.950%

 

 

 

 

The 2019 total distributions per share of $2.852440, consisting of cash distributions paid of $2.250000 per share and non-cash distributions of $0.602440 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

12-31-18

 

01-15-19

 

$0.562500

 

$0.499244

 

$0.000000

 

$0.063256

 

$0.063256

 

$0.499244

03-29-19

 

04-15-19

 

$0.562500

 

$0.499244

 

$0.000000

 

$0.063256

 

$0.063256

 

$0.499244

06-28-19

 

07-15-19

 

$0.562500

 

$0.499244

 

$0.000000

 

$0.063256

 

$0.063256

 

$0.499244

09-30-19

 

10-15-19

 

$0.562500

 

$0.499244

 

$0.000000

 

$0.063256

 

$0.063256

 

$0.499244

Total for 2019

 

$2.250000

 

$1.996976

 

$0.000000

 

$0.253024

 

$0.253024

 

$1.996976

 

 

 

 

100.000%

 

88.754%

 

0.000%

 

11.246%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

09-27-19

 

$0.461160

 

$0.000000

 

$0.461160

 

$0.000000

 

$0.000000

 

$0.000000

12-31-19

 

$0.141280

 

$0.000000

 

$0.141280

 

$0.000000

 

$0.000000

 

$0.000000

Total for 2019(1)

 

$0.602440

 

$0.000000

 

$0.602440

 

$0.000000

 

$0.000000

 

$0.000000

 

 

 

 

100.000%

 

0.000%

 

100.000%

 

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 29, 2019 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 June, 2019 and December, 2019, and the Series E conversion adjustment is reflected in September, 2019 and December, 2019.

The 2019 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

12-31-18

 

01-15-19

 

$0.359375

 

$0.318961

 

$0.000000

 

$0.040414

 

$0.040414

 

$0.318961

03-29-19

 

04-15-19

 

$0.359375

 

$0.318961

 

$0.000000

 

$0.040414

 

$0.040414

 

$0.318961

06-28-19

 

07-15-19

 

$0.359375

 

$0.318961

 

$0.000000

 

$0.040414

 

$0.040414

 

$0.318961

09-30-19

 

10-15-19

 

$0.359375

 

$0.318961

 

$0.000000

 

$0.040414

 

$0.040414

 

$0.318961

Total for 2019

 

$1.437500

 

$1.275844

 

$0.000000

 

$0.161656

 

$0.161656

 

$1.275844

 

 

 

 

100.000%

 

88.754%

 

0.000%

 

11.246%

 

 

 

 

About EPR Properties

EPR Properties (NYSE:EPR) is a leading 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 over $6.6 billion in total investments across 43 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 higher growth and better yields. Further information is available at www.eprkc.com.

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