KANSAS CITY, Mo.--(BUSINESS WIRE)--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180125006307/en/
EPR Properties
Brian Moriarty, 1-888-EPR-REIT
Vice
President – Corporate Communications
www.eprkc.com
Source: EPR Properties