KANSAS CITY, Mo.--(BUSINESS WIRE)--
EPR Properties (NYSE: EPR) today announced the 2016 year-end tax reporting information for 2016 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 2016 distributions paid of $3.822500 per Common Share (CUSIP #26884U109) are as follows:
|
Record |
Payment |
Cash |
Taxable |
Non-Taxable |
Total Capital |
Unrecaptured |
||||||||||||
| 12-31-15 | 01-15-16 | $0.302500 | $0.250541 | $0.019698 | $0.032261 | $0.008390 | ||||||||||||
| 01-29-16 | 02-15-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| 02-29-16 | 03-15-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| 03-31-16 | 04-15-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| 04-29-16 | 05-16-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| 05-31-16 | 06-15-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| 06-30-16 | 07-15-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| 07-29-16 | 08-15-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| 08-31-16 | 09-15-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| 09-30-16 | 10-17-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| 10-31-16 | 11-15-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| 11-30-16 | 12-15-16 | $0.320000 | $0.265035 | $0.020837 | $0.034128 | $0.008876 | ||||||||||||
| Total for 2016 | $3.822500 | $3.165926 | $0.248905 | $0.407669 | $0.106026 | |||||||||||||
| 100.0000% | 82.8234% | 6.5116% | 10.6650% | |||||||||||||||
The 2016 total distributions per share of $1.876904, consisting of cash distributions paid of $1.437500 per share and non-cash distributions of $0.439404 per share, for the Series C 5.75% Cumulative Convertible Preferred Shares (CUSIP #26884U208) are as follows:
|
Record |
Payment |
Cash |
Taxable |
Non-Taxable |
Total Capital |
Unrecaptured |
||||||||||||
| 12-31-15 | 01-15-16 | $0.359375 | $0.318379 | $0.000000 | $0.040996 | $0.010662 | ||||||||||||
| 03-31-16 | 04-15-16 | $0.359375 | $0.318379 | $0.000000 | $0.040996 | $0.010662 | ||||||||||||
| 06-30-16 | 07-15-16 | $0.359375 | $0.318379 | $0.000000 | $0.040996 | $0.010662 | ||||||||||||
| 09-30-16 | 10-17-16 | $0.359375 | $0.318379 | $0.000000 | $0.040996 | $0.010662 | ||||||||||||
| Total for 2016 | $1.437500 | $1.273516 | $0.000000 | $0.163984 | $0.042649 | |||||||||||||
| 100.0000% | 88.5924% | 0.0000% | 11.4076% | |||||||||||||||
|
Effective Date |
Non-cash |
Taxable |
Non-Taxable |
Total Capital |
Unrecaptured |
|||||||||||||
| 09-30-16 | $0.334197 | $0.216734 | $0.089555 | $0.027908 | $0.007258 | |||||||||||||
| 12-30-16 | $0.105207 | $0.068229 | $0.028192 | $0.008786 | $0.002285 | |||||||||||||
| Total for 2016(1) | $0.439404 | $0.284963 | $0.117747 | $0.036694 | $0.009543 | |||||||||||||
| 100.0000% | 64.8522% | 26.7970% | 8.3508% | |||||||||||||||
The 2016 total distributions per share of $2.463912, consisting of cash distributions paid of $2.250000 per share and non-cash distributions of $0.213912 per share, for the Series E 9.00% Cumulative Convertible Preferred Shares (CUSIP #26884U307) are as follows:
|
Record |
Payment |
Cash |
Taxable |
Non-Taxable |
Total Capital |
Unrecaptured |
|||||||||||||
| 12-31-15 | 01-15-16 | $0.562500 | $0.498332 | $0.000000 | $0.064168 | $0.016689 | |||||||||||||
| 03-31-16 | 04-15-16 | $0.562500 | $0.498332 | $0.000000 | $0.064168 | $0.016689 | |||||||||||||
| 06-30-16 | 07-15-16 | $0.562500 | $0.498332 | $0.000000 | $0.064168 | $0.016689 | |||||||||||||
| 09-30-16 | 10-17-16 | $0.562500 | $0.498332 | $0.000000 | $0.064168 | $0.016689 | |||||||||||||
| Total for 2016 | $2.250000 | $1.993328 | $0.000000 | $0.256672 | $0.066756 | ||||||||||||||
| 100.0000% | 88.5924% | 0.0000% | 11.4076% | ||||||||||||||||
|
Effective Date |
Non-cash |
Taxable |
Non-Taxable |
Total Capital |
Unrecaptured |
||||||||||||||
| 12-28-16(1) | $0.213912 | $0.088354 | $0.114181 | $0.011377 | $0.002959 | ||||||||||||||
| 100.0000% | 41.3039% | 53.3776% | 5.3185% |
|
|||||||||||||||
|
(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 31, 2017 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 September, 2016 and December, 2016, and in December, 2016 for the Series E conversion adjustment. | ||
The 2016 total distributions paid per share of $1.656250 for the Series F 6.625% Cumulative Redeemable Preferred Shares (CUSIP #26884U406) are as follows:
|
Record |
Payment |
Total |
Taxable |
Non-Taxable |
Total Capital |
Unrecaptured |
||||||||||||
| 12-31-15 | 01-15-16 | $0.4140623 | $0.366828 | $0.000000 | $0.047235 | $0.012285 | ||||||||||||
| 03-31-16 | 04-15-16 | $0.4140623 | $0.366828 | $0.000000 | $0.047235 | $0.012285 | ||||||||||||
| 06-30-16 | 07-15-16 | $0.4140623 | $0.366828 | $0.000000 | $0.047235 | $0.012285 | ||||||||||||
| 09-30-16 | 10-17-16 | $0.4140623 | $0.366828 | $0.000000 | $0.047235 | $0.012285 | ||||||||||||
| Total for 2016(2) | $1.656250 | $1.467310 | $0.000000 | $0.188940 | $0.049140 | |||||||||||||
| 100.0000% | 88.5923% | 0.0000% | 11.4077% | |||||||||||||||
|
(2) |
Differences between totals and details relate to rounding. | |
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 $5.0 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. Further information is available at www.eprkc.com.
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