Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 149

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 149
---
 including dividends partially paid in our common shares and partially paid in cash that comply with recent IRS guidance, will be taxable to recipient U.S. shareholders to the same extent as if paid in cash. See “Taxation of the Company—Annual Distribution Requirements” above. 59

Capital Gain Distributions Distributions that we properly designate as capital gain dividends (and undistributed amounts for which we properly make a capital gains designation) will be taxable to U.S. shareholders as gains (to the extent that they do not exceed our actual net capital gain for the taxable year) from the sale or disposition of a capital asset. Depending on the period of time we have held the assets which produced these gains, and on certain designations, if any, which we may make, these gains may be taxable to non-corporateU.S. shareholders at a 0%, 15%, 20% or 25% rate, depending on the nature of the asset giving rise to the gain and the shareholder’s marginal federal income tax rate. Corporate U.S. shareholders may, however, be required to treat up to 20% of certain capital gain dividends as ordinary income. Retention of Net Long-Term Capital Gains We may elect to retain, rather than distribute as a capital gain dividend, our net long-term capital gains. If we make this election (a “Capital Gains Designation”) we would pay tax on our retained net long-term capital gains. In addition, to the extent we make a Capital Gains Designation, a U.S. shareholder generally would:

| • |     | include its proportionate share of our undistributed long-term capital gains in computing its long-term capital                                                
 gains in its return for its taxable year in which the last day of our taxable year falls (subject to certain limitations as to the amount that is includable); |

| • |     | be deemed to have paid the capital gains tax imposed on us on the designated amounts included in the U.S. 
 shareholder’s long-term capital gains;                                                                    |

| • |     | receive a credit or refund for the amount of tax deemed paid by it; |

| • |     | increase the adjusted tax basis of its shares by the difference between the amount of includable gains and the 
 tax deemed to have been paid by it; and                                                                        |

| • |     | in the case of a U.S. shareholder that is a corporation, appropriately adjust its earnings and profits for the 
 retained capital gains in accordance with Treasury Regulations to be promulgated.