Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 56

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 56
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. Certain of the underwriters and their respective affiliates have from time to time performed and may in the future perform various commercial banking, investment banking, financial advisory and other services for us and our affiliates, for which they have received or will receive customary fees and commissions. In addition, from time to time certain of the underwriters and their affiliates may effect transactions for their own account or the account of customers, and hold on behalf of themselves or their customers, long or short positions in our debt or equity securities or loans, and may do so in the future. In the ordinary course of their various business activities, the underwriters and their respective affiliates may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers and may at any time hold long and short positions in such securities and instruments. Such investment and securities activities may involve securities and instruments of the issuer. Certain affiliates of the underwriters also act as lenders and/or agents under our unsecured revolving credit facility. UMB Bank, n.a., a lender under our credit facility, and UMB Financial Services, Inc., one of the underwriters, are affiliates of the trustee under the indenture that will govern the notes. If any of the underwriters or their affiliates has a lending relationship with us, certain of those underwriters or their affiliates routinely hedge, and certain other of those underwriters or their affiliates may hedge, their credit exposure to us consistent with their customary risk management policies. S-43

Typically, these underwriters and their affiliates would hedge such exposure by entering into transactions which consist of either the purchase of credit default swaps or the creation of short
positions in our securities, including potentially the notes offered hereby. Any such credit default swaps or short positions could adversely affect future trading prices of the notes offered hereby.

Conflicts of interest

As described in the section entitled “Use of
Proceeds,” the net proceeds from this offering will be used to reduce the outstanding principal balance of our unsecured revolving credit facility. Certain of the underwriters or their affiliates act as lenders and/or agents under our
unsecured revolving credit facility and, accordingly, may receive an amount in excess of 5% of the net proceeds from this offering. Nonetheless, in accordance with FINRA Rule 5121, the appointment of a qualified independent underwriter is not
necessary in connection with this offering because, under FINRA Rule 5121, REIT