EPR Properties Announces Tax Status of 2020 Distributions
January 15 2021 - 9:15AM
Business Wire
EPR Properties (NYSE: EPR) today announced the 2020 year-end tax
reporting information for 2020 distributions made to shareholders.
Shareholders are encouraged to consult with their personal tax
advisors as to their specific tax treatment of EPR Properties
distributions.
The 2020 distributions paid of $1.890000 per Common Share (CUSIP
#26884U109) are as follows:
Record Date
Payment Date
Cash Distribution per share
Taxable Ordinary Dividend
Non-Taxable Return of Capital
Total Capital Gain
Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
12-31-19
01-15-20
$
0.375000
$
0.176359
$
0.111779
$
0.086862
$
0.028556
$
0.176359
01-31-20
02-18-20
$
0.375000
$
0.176359
$
0.111779
$
0.086862
$
0.028556
$
0.176359
02-28-20
03-16-20
$
0.375000
$
0.176359
$
0.111779
$
0.086862
$
0.028556
$
0.176359
03-31-20
04-15-20
$
0.382500
$
0.179886
$
0.114014
$
0.088600
$
0.029127
$
0.179886
04-30-20
05-15-20
$
0.382500
$
0.179886
$
0.114014
$
0.088600
$
0.029127
$
0.179886
Total for 2020
$
1.890000
$
0.888849
$
0.563365
$
0.437786
$
0.143922
$
0.888849
100.000%
47.029%
29.808%
23.163%
The 2020 total distributions per share of $1.650636, consisting
of cash distributions paid of $1.437500 per share and non-cash
distributions of $0.213136 per share, for the Series C 5.75%
Cumulative Convertible Preferred Shares (CUSIP #26884U208) are as
follows:
Record Date
Payment Date
Cash Distribution per share
Taxable Ordinary Dividend
Non-Taxable Return of Capital
Total Capital Gain
Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
12-31-19
01-15-20
$
0.359375
$
0.240782
$
0.000000
$
0.118593
$
0.038987
$
0.240782
03-31-20
04-15-20
$
0.359375
$
0.240782
$
0.000000
$
0.118593
$
0.038987
$
0.240782
06-30-20
07-15-20
$
0.359375
$
0.240782
$
0.000000
$
0.118593
$
0.038987
$
0.240782
09-30-20
10-15-20
$
0.359375
$
0.240782
$
0.000000
$
0.118593
$
0.038987
$
0.240782
Total for 2020
$
1.437500
$
0.963128
$
0.000000
$
0.474372
$
0.155948
$
0.963128
100.000%
67.000%
0.000%
33.000%
Effective Date
Non-cash Distribution per
share
Taxable Ordinary Dividend
Non-Taxable Return of Capital
Total Capital Gain
Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
3/31/2020
$
0.213136
$
0.095829
$
0.070108
$
0.047199
$
0.015517
$
0.095829
Total for 2020(1)
$
0.213136
$
0.095829
$
0.070108
$
0.047199
$
0.015517
$
0.095829
100.000%
44.961%
32.894%
22.145%
The 2020 total distributions per share of $2.419540 consisting
of cash distributions paid of $2.250000 per share and non-cash
distributions of $0.169540 per share, for the Series E 9.00%
Cumulative Convertible Preferred Shares (CUSIP #26884U307) are as
follows:
Record Date
Payment Date
Cash Distribution per share
Taxable Ordinary Dividend
Non-Taxable Return of Capital
Total Capital Gain
Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
12-31-19
01-15-20
$
0.562500
$
0.376877
$
0.000000
$
0.185623
$
0.061024
$
0.376877
03-31-20
04-15-20
$
0.562500
$
0.376877
$
0.000000
$
0.185623
$
0.061024
$
0.376877
06-30-20
07-15-20
$
0.562500
$
0.376877
$
0.000000
$
0.185623
$
0.061024
$
0.376877
09-30-20
10-15-20
$
0.562500
$
0.376877
$
0.000000
$
0.185623
$
0.061024
$
0.376877
Total for 2020
$
2.250000
$
1.507508
$
0.000000
$
0.742492
$
0.244096
$
1.507508
100.000%
67.000%
0.000%
33.000%
Effective Date
Non-cash Distribution per
share
Taxable Ordinary Dividend
Non-Taxable Return of Capital
Total Capital Gain
Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
3/30/2020
$
0.169540
$
0.017661
$
0.143180
$
0.008699
$
0.061024
$
0.017661
Total for 2020(1)
$
0.169540
$
0.017661
$
0.143180
$
0.008699
$
0.061024
$
0.017661
100.000%
10.417%
84.452%
5.131%
(1)
Shareholders of the Series C 5.75%
Cumulative Convertible Preferred Shares and the Series E 9.00%
Cumulative Preferred Shares received non-cash distributions
associated with conversion adjustments, as provided by the
provisions of the respective Series. The conversion adjustment
provision entitles Series C and Series E shareholders, upon certain
quarterly common share distribution thresholds being met, to
receive additional EPR Properties common shares upon a conversion
of the preferred shares into common shares. The increase in common
shares to be received upon a conversion is a deemed distribution
for federal income tax purposes.
In accordance with the respective Series
provisions, the conversion adjustment is effective in quarters in
which the change in the cumulative increased conversion ratio
exceeds 1%. The deemed distributions are recognized (a) in the
quarter when the cumulative conversion ratio exceeds 1% and (b) at
December 29, 2020 for any conversion adjustment which has been
deferred due to the cumulative increased conversion ratio being
less than 1%. As such, a deemed distribution associated with the
conversion adjustment for Series C is reflected in March, 2020, and
the Series E conversion adjustment is reflected in March, 2020.
The 2020 total distributions paid per share of $1.437500 for the
Series G 5.750% Cumulative Redeemable Preferred Shares (CUSIP
#26884U505) are as follows:
Record Date
Payment Date
Cash Distribution per share
Taxable Ordinary Dividend
Non-Taxable Return of Capital
Total Capital Gain
Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
12-31-19
01-15-20
$
0.359375
$
0.240782
$
0.000000
$
0.118593
$
0.038987
$
0.240782
03-31-20
04-15-20
$
0.359375
$
0.240782
$
0.000000
$
0.118593
$
0.038987
$
0.240782
06-30-20
07-15-20
$
0.359375
$
0.240782
$
0.000000
$
0.118593
$
0.038987
$
0.240782
09-30-20
10-15-20
$
0.359375
$
0.240782
$
0.000000
$
0.118593
$
0.038987
$
0.240782
Total for 2020
$
1.437500
$
0.963128
$
0.000000
$
0.474372
$
0.155948
$
0.963128
100.000%
67.000%
0.000%
33.000%
About EPR Properties
EPR Properties is a leading experiential net lease real estate
investment trust (REIT), specializing in select enduring
experiential properties in the real estate industry. We focus on
real estate venues which create value by facilitating out of home
leisure and recreation experiences where consumers choose to spend
their discretionary time and money. We have nearly $6.5 billion in
total investments across 44 states. We adhere to rigorous
underwriting and investing criteria centered on key industry,
property and tenant level cash flow standards. We believe our
focused approach provides a competitive advantage and the potential
for stable and attractive returns. Further information is available
at www.eprkc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210115005133/en/
EPR Properties Brian Moriarty, 1-888-EPR-REIT Vice
President – Corporate Communications www.eprkc.com
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