Company: EPR-PE
Filing Date: 2025-06-03
Form Type: S-3ASR
Source: 0001193125-25-134116
Chunk: 35

Company: EPR PROPERTIES
Filing Date: 2025-06-03
Form: S-3ASR
Chunk 35
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 if they were not participating in this Plan. Funds for optional cash investments must be in United States dollars and will be
invested in the same way as payments from other participants.

Costs of Administration.

All costs of administering the Plan, except for costs related to your voluntary selling of common shares, will be paid by us. Consistent with
the conclusion reached by the IRS in a private letter ruling issued to another REIT, we intend to take the position that these costs do not constitute a distribution that is taxable to you or that would reduce your tax basis in your shares. However,
since the private letter ruling was not issued to us, we have no legal right to rely on its conclusions. Thus, it is possible that the IRS might view your share of such costs as constituting a distribution to you that would be treated as a taxable
dividend, as a distribution that reduces the tax basis in your shares or as gain from the sale of your shares.

The foregoing is intended
only as a general discussion of the current federal income tax consequences of participation in the Plan, and may not be applicable to certain participants, such as tax- exempt entities. You should consult your own tax and other professional advisors regarding the foreign, federal, state and local income tax consequences (including the effects of any changes in applicable law or interpretations thereof) of your individual participation in the Plan or the disposal of shares acquired pursuant to the Plan.

25

39. Can I pledge my Plan shares? You may notpledge or assign book-entry shares held in your Plan account. Unless you first remove your shares from the Plan and request share certificates for the shares, please note that you will not be able to pledge or hypothecate any shares held in your Plan account. 40. Am I protected against losses? Your investment in the Plan is no different from any investment in shares held by you. If you choose to participate in the Plan, then you should recognize that none of us, our subsidiaries and affiliates, nor the Plan Administrator can assure you of a profit or protect you against loss on the shares that you purchase under the Plan. You bear the risk of loss in value and enjoy the benefits of gains with respect to all your shares. You need to make your own independent investment and participation decisions consistent with your situation and needs. None of us, our subsidiaries and affiliates, nor the Plan Administrator can guarantee liquidity in the markets, and the value and marketability of your shares may be adversely affected by market conditions. Plan accounts are not insured or protected by