KANSAS CITY, Mo.--(BUSINESS WIRE)--
EPR Properties (NYSE: EPR) today announced the 2018 year-end tax
reporting information for 2018 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 2018 distributions paid of $4.300000 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 | |
| 12-29-17 | | | | 01-15-18 | | | | $0.340000 | | | | $0.326183 | | | | $0.000000 | | | | $0.013817 | | | | $0.000803 | | | | $0.326183 | |
| 01-31-18 | | | | 02-15-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
| 02-28-18 | | | | 03-15-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
| 03-29-18 | | | | 04-16-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
| 04-30-18 | | | | 05-15-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
| 05-31-18 | | | | 06-15-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
| 06-29-18 | | | | 07-16-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
| 07-31-18 | | | | 08-15-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
| 08-31-18 | | | | 9-17-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
| 09-28-18 | | | | 10-15-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
| 10-31-18 | | | | 11-15-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
| 11-30-18 | | | | 12-17-18 | | | | $0.360000 | | | | $0.345370 | | | | $0.000000 | | | | $0.014630 | | | | $0.000850 | | | | $0.345370 | |
|
Total for 2018
| | | | $4.300000 | | | | $4.125253 | | | | $0.000000 | | | | $0.174747 | | | | $0.010153 | | | | $4.125253 | |
| | | | | | | |
100.000%
| | | |
95.936%
| | | |
0.000%
| | | |
4.064%
| | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
The 2018 total distributions per share of $2.058002, consisting of cash
distributions paid of $1.437500 per share and non-cash distributions of
$0.620502 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 |
|
| |
| 12-29-17 | | | | 01-15-18 | | | | $0.359375 | | | | $0.344770 | | | | $0.000000 | | | | $0.014605 | | | | $0.000848 | | | | $0.344770 | | | |
| 03-29-18 | | | | 04-16-18 | | | | $0.359375 | | | | $0.344770 | | | | $0.000000 | | | | $0.014605 | | | | $0.000848 | | | | $0.344770 | | | |
| 06-29-18 | | | | 07-16-18 | | | | $0.359375 | | | | $0.344770 | | | | $0.000000 | | | | $0.014605 | | | | $0.000848 | | | | $0.344770 | | | |
| 09-28-18 | | | | 10-15-18 | | | | $0.359375 | | | | $0.344770 | | | | $0.000000 | | | | $0.014605 | | | | $0.000848 | | | | $0.344770 | | | |
|
Total for 2018
| | | | $1.437500 | | | | $1.379080 | | | | $0.000000 | | | | $0.058420 | | | | $0.003392 | | | | $1.379080 | | | |
| | | | | | | |
100.000%
| | | |
95.936%
| | | |
0.000%
| | | |
4.064%
| | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
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 | | | |
| 06-30-18 | | | | $0.332367 | | | | $0.318860 | | | | $0.000000 | | | | $0.013507 | | | | $0.000784 | | | | $0.318860 | | | |
| 12-31-18 | | | | $0.288135 | | | | $0.276425 | | | | $0.000000 | | | | $0.011710 | | | | $0.000680 | | | | $0.276425 | | | |
|
Total for 2018(1) | | | | $0.620502 | | | | $0.595285 | | | | $0.000000 | | | | $0.025217 | | | | $0.001464 | | | | $0.595285 | | | |
| | | | | | | |
100.000%
| | | |
95.936%
| | | |
0.000%
| | | |
4.064%
| | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
The 2018 total distributions per share of $2.780780, consisting of cash
distributions paid of $2.250000 per share and non-cash distributions of
$0.530780 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 |
|
| |
| 12-29-17 | | | | 01-15-18 | | | | $0.562500 | | | | $0.539641 | | | | $0.000000 | | | | $0.022859 | | | | $0.001328 | | | | $0.539641 | | | |
| 03-29-18 | | | | 04-16-18 | | | | $0.562500 | | | | $0.539641 | | | | $0.000000 | | | | $0.022859 | | | | $0.001328 | | | | $0.539641 | | | |
| 06-29-18 | | | | 07-16-18 | | | | $0.562500 | | | | $0.539641 | | | | $0.000000 | | | | $0.022859 | | | | $0.001328 | | | | $0.539641 | | | |
| 09-28-18 | | | | 10-15-18 | | | | $0.562500 | | | | $0.539641 | | | | $0.000000 | | | | $0.022859 | | | | $0.001328 | | | | $0.539641 | | | |
|
Total for 2018
| | | | $2.250000 | | | | $2.158564 | | | | $0.000000 | | | | $0.091436 | | | | $0.005312 | | | | $2.158564 | | | |
| | | | | | | |
100.000%
| | | |
95.936%
| | | |
0.000%
| | | |
4.064%
| | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
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 | | | |
| 09-30-18 | | | | $0.402720 | | | | $0.386354 | | | | $0.000000 | | | | $0.016366 | | | | $0.000951 | | | | $0.386354 | | | |
| 12-31-18 | | | | $0.128060 | | | | $0.122856 | | | | $0.000000 | | | | $0.005204 | | | | $0.000302 | | | | $0.122856 | | | |
|
Total for 2018(1) | | | | $0.530780 | | | | $0.509210 | | | | $0.000000 | | | | $0.021570 | | | | $0.001253 | | | | $0.509210 | | | |
| | | | | | | |
100.000%
| | | |
95.936%
| | | |
0.000%
| | | |
4.064%
| | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
(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, 2018 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, 2018 and December, 2018, and the Series E
conversion adjustment is reflected in September, 2018 and December,
2018.
|
| |
|
The 2018 total distributions paid per share of $1.261806 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 |
|
| |
| 12-29-17 | | | | 01-15-18 | | | | $0.183681 | | | | $0.176216 | | | | $0.000000 | | | | $0.007465 | | | | $0.000434 | | | | $0.176216 | | | |
| 03-29-18 | | | | 04-16-18 | | | | $0.359375 | | | | $0.344770 | | | | $0.000000 | | | | $0.014605 | | | | $0.000848 | | | | $0.344770 | | | |
| 06-29-18 | | | | 07-16-18 | | | | $0.359375 | | | | $0.344770 | | | | $0.000000 | | | | $0.014605 | | | | $0.000848 | | | | $0.344770 | | | |
| 09-28-18 | | | | 10-15-18 | | | | $0.359375 | | | | $0.344770 | | | | $0.000000 | | | | $0.014605 | | | | $0.000848 | | | | $0.344770 | | | |
|
Total for 2018
| | | | $1.261806 | | | | $1.210526 | | | | $0.000000 | | | | $0.051280 | | | | $0.002978 | | | | $1.210526 | | | |
| | | | | | | |
100.000%
| | | |
95.936%
| | | |
0.000%
| | | |
4.064%
| | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
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 $6.7 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: https://www.businesswire.com/news/home/20190117005792/en/
EPR Properties
Brian Moriarty, 1-888-EPR-REIT
Vice
President – Corporate Communications
www.eprkc.com
Source: EPR Properties