Company: EPR-PE
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001193125-25-309969
Chunk: 117

Company: EPR PROPERTIES
Filing Date: 2025-12-05
Form: 424B5
Chunk 117
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 satisfied to be exempt from withholding under the effectively connected income exemption. In general, Non-U.S.shareholders will not be considered engaged in a U.S. trade or business (or in the case of an income tax treaty, as having a U.S. permanent establishment) solely by reason of their ownership of shares. Dividends that are treated as effectively connected with such a trade or business (or, if an income tax treaty applies, is attributable to a U.S. permanent establishment of the Non-U.S.shareholder) will be subject to tax on a net basis (that is, after allowance for deductions) at graduated rates, in the same manner as dividends paid to U.S. shareholders are subject to tax, and are generally not subject to withholding. Any such dividends received by a Non-U.S.shareholder that is a corporation also may be subject to an additional branch profits tax at a 30% rate or such lower rate as may be specified by an applicable income tax treaty. We expect to withhold U.S. federal income tax at the rate of 30% on any distributions made to a Non-U.S.shareholder unless:

| • |     | a lower treaty rate applies and you file with us an IRS Form W-8BEN or                                   
 IRS Form W-8BEN-E, as applicable, evidencing eligibility for such reduced treaty rate of withholding; or |

| • |     | you file an IRS Form W-8ECI with us claiming that the distribution is 
 income effectively connected with your trade or business.             |

Return of Capital Distributions Distributions in excess of our current and accumulated earnings and profits will not be taxable to you to the extent that such distributions do not exceed your adjusted tax basis in our shares, but rather will reduce the adjusted tax basis of such shares. Distributions in excess of your adjusted tax basis in our shares will give rise to gain from the sale or exchange of such shares. The tax treatment of this gain is described below. 63

For withholding purposes, we expect to treat all distributions as made out of our current or accumulated earnings and profits. However, amounts withheld generally should be refundable if it is subsequently determined that the distribution was, in fact, in excess of our current and accumulated earnings and profits. Capital Gain Dividends and Distributions Attributable to a Sale or Exchange of U.S. Real Property Interests Distributions to you that we properly designate as capital gain dividends, other than those arising from the disposition of a U.S. real property interest,