Company: EPR-PE
Filing Date: 2025-06-03
Form Type: S-3ASR
Source: 0001193125-25-134126
Chunk: 13

Company: EPR PROPERTIES
Filing Date: 2025-06-03
Form: S-3ASR
Chunk 13
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 • |     | any limitations on issuance of any preferred shares ranking senior to or on parity with the series of preferred 
 shares being offered as to distribution and liquidation rights;                                                 |

| • |     | any limitations on direct or beneficial ownership and restrictions on transfer, in each case as may be 
 appropriate to preserve our status as a REIT or otherwise; and                                         |

| • |     | any other specific preferences, conversion or other rights, voting powers, restrictions, limitations as to 
 distributions, qualifications and terms and conditions of redemption of the preferred shares.              |

As described under “Description of Depositary Shares,” we may, at our option, elect to offer depositary shares evidenced by depositary receipts. If we elect to do this, each depositary receipt will represent a fractional interest in a share or multiple shares of the particular series of the preferred shares issued and deposited with a depositary. The applicable prospectus supplement or other applicable offering materials will specify that fractional interest. Rank Unless our Board of Trustees otherwise determines and we so specify in the applicable prospectus supplement or other applicable offering materials, we expect that the preferred shares will, with respect to distribution rights and rights upon liquidation or dissolution, rank senior to all of our common shares, senior to our junior securities, on parity with our priority securities and junior to our senior securities. 10

Distributions

Holders of preferred shares of each series will be entitled to receive distributions at the rates and on the dates shown in the applicable
prospectus supplement or other offering materials. Even though the preferred shares may specify a fixed rate of distribution, our Board of Trustees must authorize and declare those distributions and they may be paid only out of assets legally
available for payment. We will pay each distribution to holders of record as they appear on our share transfer books on the record dates fixed by our Board of Trustees. In the case of preferred shares represented by depositary receipts, the records
of the depositary referred to under “Description of Depositary Shares” will determine the persons to whom distributions are payable.

Distributions on any series of preferred shares may be cumulative or noncumulative, as provided in the applicable prospectus supplement or
other offering materials. We refer to each particular series, for ease of reference, as the applicable series. Cumulative distributions will be cumulative from and after the date shown in the applicable prospectus supplement or other applicable
offering materials. If our Board of Trustees fails to authorize a distribution on any applicable series that is noncumulative, the