EPR Properties Announces Tax Status of 2017 Distributions
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
|
|
|
Taxable
Ordinary
Dividend
|
|
|
Non-Taxable
Return of
Capital
|
|
|
Total Capital
Gain
Distribution
|
|
|
Unrecaptured
Sec. 1250
Gain
|
|
| 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
|
|
|
Taxable
Ordinary
Dividend
|
|
|
Non-Taxable
Return of
Capital
|
|
|
Total Capital
Gain
Distribution
|
|
|
Unrecaptured
Sec. 1250
Gain
|
|
| 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
|
|
|
Taxable
Ordinary
Dividend
|
|
|
Non-Taxable
Return of
Capital
|
|
|
Total Capital
Gain
Distribution
|
|
|
Unrecaptured
Sec. 1250
Gain
|
|
| 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
|
|
|
Cash
Distribution
per share
|
|
|
Taxable
Ordinary
Dividend
|
|
|
Non-Taxable
Return of
Capital
|
|
|
Total Capital
Gain
Distribution
|
|
|
Unrecaptured
Sec. 1250
Gain
|
|
| 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-cash
Distribution
per share
|
|
|
Taxable
Ordinary
Dividend
|
|
|
Non-Taxable
Return of
Capital
|
|
|
Total Capital
Gain
Distribution
|
|
|
Unrecaptured
Sec. 1250
Gain
|
|
| 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
|
|
|
Taxable
Ordinary
Dividend
|
|
|
Non-Taxable
Return of
Capital
|
|
|
Total Capital
Gain
Distribution
|
|
|
Unrecaptured
Sec. 1250
Gain
|
|
| 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.
EPR Properties
Brian Moriarty, 1-888-EPR-REIT
Vice President – Corporate Communications
www.eprkc.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20180125006307/en/