Company: EPR-PE
Filing Date: 2025-06-03
Form Type: S-3ASR
Source: 0001193125-25-134116
Chunk: 47

Company: EPR PROPERTIES
Filing Date: 2025-06-03
Form: S-3ASR
Chunk 47
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, all other shareholders may exercise appraisal rights. The fair value of the shares as determined for purposes of appraisal rights may not be less than the highest price per share paid by the acquiror in the control share acquisition. The control share acquisition statute of the MGCL does not apply to the following:

| • |     | shares acquired in a merger, consolidation or share exchange if the trust is a party to the transaction; or |

| • |     | acquisitions approved or exempted by a provision in the declaration of trust or bylaws of the trust adopted 
 before the acquisition of shares.                                                                           |

Maryland Unsolicited Takeovers Act Subtitle 8 of Title 3 of the MGCL, known as the “Maryland Unsolicited Takeovers Act,” permits a Maryland corporation (or real estate investment trust) with a class of equity securities registered under the Exchange Act and at least three independent directors (or trustees) to elect to be subject, by provision in its charter or bylaws or a resolution of its board of directors (or board of trustees) and notwithstanding any contrary provision in the charter or bylaws, to any or all of five provisions of the MGCL which provide, respectively, that:

| • |     | the entity’s board of directors (or board of trustees) will be divided into three classes; |

| • |     | the affirmative vote of two-thirds of all of the votes entitled to be                                                    
 cast by shareholders generally in the election of directors (or trustees) is required to remove a director (or trustee); |

| • |     | the number of directors (or trustees) may be fixed only by vote of the directors (or trustees); |

| • |     | a vacancy on the board of directors (or board of trustees) may be filled only by the remaining directors (or                                                                                  
 trustees) and that directors (or trustees) elected to fill a vacancy will serve for the remainder of the full term of the class of directors (or trustees) in which the vacancy occurred; and |

| • |     | the request of shareholders entitled to cast at least a majority of all of the votes entitled to be cast at the 
 meeting is required for shareholders to require the calling of a special meeting of shareholders.               |

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The Maryland Unsolicited Takeovers Act does not limit the power of a corporation (or real estate investment trust) to confer on the holders of any class or series of preferred stock the right to elect one or more directors (or trustees). The Maryland Unsolicited Takeovers Act