Company: EPR-PE
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001045450-25-000051
Chunk: 165

Company: EPR PROPERTIES
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 165
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2024 and 2023, respectively.Of the total distributions calculated for tax purposes, the amounts characterized as ordinary income, return of capital and long-term capital gain for cash distributions paid per common share for the years ended December 31, 2024 and 2023 are as follows:Cash Distributions Per Share20242023Taxable ordinary income (1)$2.5101 $2.3248 Return of capital0.8799 0.9752 Long-term capital gain— — Totals$3.3900 $3.3000 (1)  Amounts qualify in their entirety as 199A distributions. During the years ended December 31, 2024 and 2023, the Company issued an aggregate of 26,878 and 22,469 common shares under its DSP Plan for net proceeds of $1.2 million and $1.0 million, respectively. Series C Convertible Preferred SharesThe Company has 5.4 million outstanding 5.75% Series C cumulative convertible preferred shares (Series C preferred shares). The Company will pay cumulative dividends on the Series C preferred shares from the date of original issuance in the amount of $1.4375 per share each year, which is equivalent to 5.75% of the $25 liquidation preference per share. Dividends on the Series C preferred shares are payable quarterly in arrears. The Company does not have the right to redeem the Series C preferred shares except in limited circumstances to preserve the 

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EPR PROPERTIES Notes to Consolidated Financial StatementsDecember 31, 2024, 2023 and 2022

Company’s REIT status. The Series C preferred shares have no stated maturity and will not be subject to any sinking fund or mandatory redemption. As of December 31, 2024, the Series C preferred shares are convertible, at the holder’s option, into the Company’s common shares at a conversion rate of 0.4316 common shares per Series C preferred share, which is equivalent to a conversion price of $57.92 per common share. This conversion ratio may increase over time upon certain specified triggering events including if the Company’s common dividends per share exceed a quarterly threshold of $0.6875. Upon the occurrence of certain fundamental changes, the Company will under certain circumstances increase the conversion rate by a number of additional common shares or, in lieu thereof, may in certain circumstances elect to adjust the conversion rate upon the Series C preferred