Company: EPR-PE
Filing Date: 2025-06-03
Form Type: S-3ASR
Source: 0001193125-25-134116
Chunk: 30

Company: EPR PROPERTIES
Filing Date: 2025-06-03
Form: S-3ASR
Chunk 30
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You should recognize that neither EPR nor Computershare can assure you of a profit or protect you against a loss on shares purchased through
the Plan. You must make independent investment and participation decisions based on your own judgment and research as you alone bear the risk of fluctuations in the market value of our common shares. You bear the risk of loss in value and you enjoy
the benefits of gains from market price changes with respect to all of your shares.

37. Will dividends continue to be paid while the Plan is in effect?

In order to continue to qualify as a REIT, we must distribute to our shareholders at least 90% of our REIT taxable income
(with certain adjustments) each year. This distribution requirement limits the capital available to us to internally fund growth. Our future dividend payments may be lower if our earnings decline. The requirements to qualify for REIT tax status are
complex and technical, and we may not be able to qualify for reasons beyond our control. Failing to qualify as a REIT could adversely affect our tax status and reduce the amount of money available for distributions to our shareholders. Our Board of
Trustees has the ultimate discretion over our investment, financing and dividend policies, subject to statutory and regulatory requirements and other factors, such as maintaining our status as a REIT. While we expect to continue paying distributions
to our shareholders, the amount and timing of these distributions may be changed, or the payment of dividends terminated, at any time without notice.

22

38. What are the U.S. federal income tax consequences of participating in the Plan?

The U.S. federal income tax treatment of dividend reinvestment and share purchase programs is not entirely clear. The following is a summary of
the U.S. federal income tax consequences of participation in the Plan as of the date of this prospectus, is for general information only and does not constitute tax advice. However, this summary does not reflect every situation that could result
from participation in the Plan, and we advise you to consult your own tax and other advisors for information about your specific situation. This summary is based on the Internal Revenue Code of 1986, as amended, or the Code, existing, temporary and
proposed Treasury regulations under the Code, the legislative history of the Code, current administrative rulings and practices of IRS and court decisions, all as of the date hereof. We cannot assure you that new laws, interpretations of law or
court decisions, any of which may take effect retroactively, will not cause any statement in this