Company: GLPI
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179509
Chunk: 120

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 120
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 person holding their interest   
 through such an entity, a person subject to the alternative minimum tax provisions of the Code, a person holding our common stock or preferred stock, or debt securities issued by the Operating Partnership and Capital Corp., as part of a             
 “straddle,” “hedge,” “short sale,” “conversion transaction,” “synthetic security” or other integrated investment, a person required to accelerate any item of gross income with respect to our common                                                    
 stock or preferred stock, or debt securities issued by the Operating Partnership and Capital Corp., as a result of such income being recognized on an applicable financial statement, a person who acquired our common stock or preferred stock, or debt 
 securities issued by the Operating Partnership and Capital Corp., in connection with the performance of services, a person who marks-to market our common stock or preferred stock, or debt securities issued by                                         
 the Operating Partnership and Capital Corp., a U.S. expatriate, a U.S. stockholder or U.S. holder (each, as defined below) whose functional currency is not the U.S. dollar, a person who holds our common stock or preferred stock, or debt securities  
 issued by the Operating Partnership and Capital Corp., through a non-U.S. broker or other non-U.S. intermediary, or otherwise subject to special tax treatment under the                                                                                 
 Code;                                                                                                                                                                                                                                                    |

| • |     | this summary does not address state, local or non-U.S. taxes or U.S.   
 federal taxes other than income taxes (such as estate and gift taxes); |

| • |     | this summary assumes that holders of our common stock and preferred stock and the debt securities issued by the              
 Operating Partnership and Capital Corp. hold such assets as “capital assets” within the meaning of Section 1221 of the Code; |

| • |     | this summary does not address U.S. federal income tax considerations applicable to         
 tax-exempt entities or non-U.S. persons, except to the limited extent described below; and |

| • |     | this discussion is not intended to be, and should not be construed as, tax advice. |

In addition, this summary does not address tax considerations relating to the purchase, ownership and disposition of preferred stock represented by depository shares. In the event we issue any such securities, the prospectus supplement will discuss certain related tax considerations in greater detail. This summary also does not discuss considerations relating to preferred stock with certain features, including conversion rights, redemption rights or anti-dilution adjustments, and in