Company: EPR-PE
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001193125-25-309969
Chunk: 80

Company: EPR PROPERTIES
Filing Date: 2025-12-05
Form: 424B5
Chunk 80
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 that directors (or trustees) elected to fill a vacancy will serve for the remainder of the full term of the class of directors (or trustees) in which the vacancy occurred; and |

| • |     | the request of shareholders entitled to cast at least a majority of all of the votes entitled to be cast at the 
 meeting is required for shareholders to require the calling of a special meeting of shareholders.               |

41

The Maryland Unsolicited Takeovers Act does not limit the power of a corporation (or real estate investment trust) to confer on the holders of any class or series of preferred stock the right to elect one or more directors (or trustees). The Maryland Unsolicited Takeovers Act also permits the charter or a board resolution to prohibit the corporation (or real estate investment trust) from electing to be subject to any or all of the provisions of Subtitle 8, which we have not done. We currently have more than three independent Trustees and have a class of equity securities registered under the Exchange Act, and therefore our Board of Trustees may elect to provide for any of the foregoing provisions without shareholder approval. As of the date hereof, our Board of Trustees has not made any such election. However, through provisions of our Declaration of Trust and Bylaws unrelated to the Maryland Unsolicited Takeovers Act, we already provide for certain of the foregoing provisions of the Maryland Unsolicited Takeovers Act. Anti-Takeover Effect of Maryland Law and of Our Declaration of Trust and Bylaws The following provisions in our Declaration of Trust and Bylaws and in Maryland law could delay or prevent a change in control of EPR:

| • |     | the limitation on ownership and acquisition of more than 9.8% of our shares and the limitation on the ability of 
 certain persons to own or control shares;                                                                        |

| • |     | the requirement of cause and a two-thirds majority vote of shareholders 
 for removal of our Trustees;                                            |

| • |     | the fact that the number of our Trustees may be fixed only by vote of our Board of Trustees and that a vacancy on 
 our Board of Trustees may be filled only by the affirmative vote of a majority of our remaining Trustees;         |

| • |     | the advance notice requirements for shareholder nominations for Trustees and other proposals; |

| • |     | the business combination provisions of the MGCL; |

| • |     | the control share acquisition provisions of the MGCL; and |

| • |     | the power of our Board of Trustees to authorize and issue additional