Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 23

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 23
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 will be issued in denominations of $2,000 and integral multiples of $1,000 thereof. All payments will be in immediately available funds. If any interest payment date, redemption date or stated maturity falls on a day that is not a Business Day, the required payment shall be made on the next Business Day as if it were made on the date such payment was due, and no interest shall accrue on the amount so payable for the period from and after such interest payment date or the maturity date, as the case may be. Optional redemption The Issuer will not be entitled to redeem all or any portion of the Notes at its option except as provided in this section. Prior to the Par Call Date, the Issuer will be entitled at its option to redeem all or any portion of the Notes at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:

| (1) | (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the                                             
 redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury 
 Rate plus 20 basis points less (b) interest accrued to the date of redemption, and                                                                                    |

| (2) | 100% of the principal amount of the Notes to be redeemed, |

plus, in either case, accrued and unpaid interest to, but excluding, the redemption date. On or after the Par Call Date, the Issuer will be entitled at its option to redeem all or any portion of the Notes at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to, but excluding, the redemption date. Notice of such redemption will be mailed or electronically delivered (or otherwise transmitted in accordance with DTC’s procedures), not less than 15 nor more than 60 days prior to the redemption date. The notice of redemption will specify, among other items, the redemption date, the redemption price and the principal amount of the Notes held by the holder to be redeemed. After notice of optional redemption has been given as provided in the Indenture, if funds for the redemption of any Notes called for redemption have been made available on the redemption date, such Notes called for redemption will cease to bear interest on the date fixed for the redemption S-20

specified in the redemption notice and the only right