Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 38

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 38
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 the need for physical movement of securities 
 certificates;                                                                                                                                                                                                                            |

| • |     | direct participants include securities brokers and dealers (including certain of the underwriters), banks, trust companies,                       
 clearing corporations and other organizations and include Euroclear Bank SA/NV, as operator of the Euroclear System, and Clearstream Banking, SA; |

| • |     | DTC is a wholly owned subsidiary of The Depository Trust & Clearing Corporation (“DTCC”). DTCC is the                                                                                                             
 holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries; |

| • |     | access to the DTC system is also available to indirect participants such as securities brokers and dealers, banks and trust     
 companies that clear through or maintain a custodial relationship with a direct participant, either directly or indirectly; and |

| • |     | the rules applicable to DTC and its direct and indirect participants are on file with the SEC. |

We have provided the following descriptions of the operations and procedures of DTC solely as a matter of convenience. These operations and procedures are solely within the control of DTC and are subject to change by DTC from time to time. Neither we, the underwriters nor the Trustee take any responsibility for these operations or procedures, and you are urged to contact DTC or its participants directly to discuss these matters. S-30

We expect that under procedures established by DTC:

| • |     | upon deposit of the global securities with DTC or its custodian, DTC will credit on its internal system the accounts of 
 direct participants designated by the underwriters with portions of the principal amounts of the global securities; and |

| • |     | ownership of the notes will be shown on, and the transfer of ownership of the notes will be effected only through, records                                                                             
 maintained by DTC or its nominee, with respect to interests of direct participants, and the records of direct and indirect participants, with respect to interests of persons other than participants. |

The laws of some jurisdictions require that purchasers of securities take physical delivery of those securities in the form of a certificate. For that reason, it may not be possible to transfer interests in a global security to those persons. In addition, because DTC can act only on behalf of its participants, who in turn act on behalf of persons who hold interests through participants, the ability of a person having an interest in a global