EPR Properties Announces Tax Status of 2020 Distributions

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Jan 15, 2021 09:15 am
KANSAS CITY, Mo. -- 

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.

EPR Properties
Brian Moriarty, 1-888-EPR-REIT
Vice President – Corporate Communications
www.eprkc.com

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).