EPR Properties Announces Redemption of 6.625% Series F Cumulative Redeemable Preferred Shares
November 21 2017 - 4:16PM
Business Wire
EPR Properties (NYSE: EPR) (the "Company") announced today that
it has delivered notice to holders of the Company's 6.625% Series F
Cumulative Redeemable Preferred Shares (NYSE: EPR PrF – CUSIP No.:
26884U406) (the "Series F Preferred Shares") of the Company's
intent to redeem all 5,000,000 of its outstanding Series F
Preferred Shares on December 21, 2017 (the "Redemption Date"). The
Series F Preferred Shares will be redeemed at a redemption price of
$25.00 per share, plus $0.299045 per share, the amount equal to all
accumulated and unpaid dividends up to, but not including, the
Redemption Date.
The Series F Preferred Shares will cease to accumulate dividends
immediately prior to the Redemption Date. Upon redemption, the
Series F Preferred Shares will no longer be outstanding, and all
rights of the holders will terminate, except the right of the
holders to receive the cash payable upon such redemption, without
interest. Upon redemption, the Series F Preferred Shares will be
delisted from trading on the New York Stock Exchange.
All Series F Preferred Shares are held in book-entry form
through the Depository Trust Company ("DTC"). The Series F
Preferred Shares will be redeemed in accordance with the procedures
of DTC. Questions relating to, and requests for additional copies
of, the notice of redemption and the related materials should be
directed to Computershare Trust Company, N.A., the Company's
transfer agent and redemption agent for the redemption of the
Series F Preferred Shares. The address and telephone number of
Computershare Trust Company, N.A. are: Computershare Trust Company,
N.A., Attn: Corporate Actions, 250 Royall Street, Canton, MA 02021;
and 1-800-546-5141.
About EPR Properties
EPR Properties is a specialty real estate investment trust
(REIT) that invests in properties in select market segments which
require unique industry knowledge, while offering the potential for
stable and attractive returns. Our total investments exceed $6.6
billion and our primary investment segments are Entertainment,
Recreation and Education. We adhere to rigorous underwriting and
investing criteria centered on key industry and property level cash
flow standards. We believe our focused niche approach provides a
competitive advantage, and the potential for higher growth and
better yields.
CAUTIONARY STATEMENT CONCERNING
FORWARD-LOOKING STATEMENTS
With the exception of historical information, certain statements
contained or incorporated by reference herein may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, such as those
pertaining to the redemption of the Series F Preferred Shares.
Forward-looking statements involve numerous risks and uncertainties
and you should not rely on them as predictions of actual events.
There is no assurance the events or circumstances reflected in the
forward-looking statements will occur. You can identify
forward-looking statements by use of words such as "will be,"
"intend," "continue," "believe," "may," "expect," "hope,"
"anticipate," "goal," "forecast," "pipeline," "estimates,"
"offers," "plans," "would" or other similar expressions or other
comparable terms or discussions of strategy, plans or intentions
contained or incorporated by reference herein. Forward-looking
statements necessarily are dependent on assumptions, data or
methods that may be incorrect or imprecise. These forward-looking
statements represent our intentions, plans, expectations and
beliefs and are subject to numerous assumptions, risks and
uncertainties. Many of the factors that will determine these items
are beyond our ability to control or predict. For further
discussion of these factors see "Item 1A. Risk Factors" in our most
recent Annual Report on Form 10-K and, to the extent applicable,
our Quarterly Reports on Form 10-Q.
For these statements, we claim the protection of the safe harbor
for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. You are cautioned not to place undue
reliance on our forward-looking statements, which speak only as of
the date hereof or the date of any document incorporated by
reference herein. All subsequent written and oral forward-looking
statements attributable to us or any person acting on our behalf
are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. Except as
required by law, we do not undertake any obligation to release
publicly any revisions to our forward-looking statements to reflect
events or circumstances after the date hereof.
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version on businesswire.com: http://www.businesswire.com/news/home/20171121006064/en/
EPR PropertiesBrian Moriarty,
888-EPR-REITwww.eprkc.com
EPR Properties (NYSE:EPR)
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