Company: EPR-PE
Filing Date: 2025-06-03
Form Type: S-3ASR
Source: 0001193125-25-134116
Chunk: 9

Company: EPR PROPERTIES
Filing Date: 2025-06-03
Form: S-3ASR
Chunk 9
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 fractional shares, will be used to purchase additional common shares, unless you specify otherwise.                                                                                                                                               |

7

| • |     | You may direct the Plan Administrator to transfer, at any time at no cost to you, all or a portion of your shares                  
 in the Plan to a Plan account for another person as long as you meet all of the transfer requirements as set forth in Question 27. |

| • |     | The Plan offers a “share safekeeping” service that allows you to deposit your common share certificates                                                                                                                           
 with the Plan Administrator at no cost and to have your ownership of common shares purchased under the Plan maintained on the Plan Administrator’s records in uncertificated form as part of your Plan account, if you so desire. |

| • |     | You will receive statements containing                                                                                                                                    
 year-to-date information on all Plan transactions in your account within a reasonable time after a transaction occurs, as well as on a quarterly basis, that are designed 
 to simplify your recordkeeping.                                                                                                                                           |

The primary disadvantages of participating in the Plan are as follows:

| • |     | Your investment in our common shares purchased under the Plan is not different from any investment in our common                                                                                                                                     
 shares that you purchase directly. We cannot assure you of a profit or protect against a loss on shares purchased. You bear the risk of loss and enjoy the benefits of any gain from market price changes with respect to shares purchased under the 
 Plan.                                                                                                                                                                                                                                                |

| • |     | If you reinvest dividends under the Plan, you will be treated for federal income tax purposes as having received                                                                                                                              
 a dividend on the related date of purchase of common shares under the Plan, which may give rise to a tax payment obligation without providing you with immediate cash to pay such tax when it becomes due. See Question 38 “What are the U.S. 
 federal income tax consequences of participating in the Plan.”                                                                                                                                                                                |

| • |     | You will have limited control over the specific timing of purchases and sales of common shares under the Plan.                                                                                 
 Because the Plan Administrator must receive funds for a cash purchase prior to the actual purchase date of the common shares, your investments may be exposed to changes in market conditions. |

| • |     | We may, in our sole discretion, without prior notice, change our determination as to whether common shares will   
 be purchased by the Plan Administrator directly from us or through open market or privately negotiated purchases. |

| • |     | No interest will be paid on funds that the Plan