Press release from Business Wire
Entertainment Properties Trust Completes Redemption of 7.375% Series D Cumulative Redeemable Preferred Shares
Monday, November 05, 2012
Entertainment Properties Trust Completes Redemption of 7.375% Series D Cumulative Redeemable Preferred Shares16:19 EST Monday, November 05, 2012
KANSAS CITY, Mo. (Business Wire) -- Entertainment Properties Trust (NYSE:EPR) (the “Company”) announced
today that it completed the redemption of all of its outstanding 7.375%
Series D Cumulative Redeemable Preferred Shares at a redemption price of
$25.18 per share. This price is the sum of the $25.00 per share
liquidation preference plus a quarterly dividend of $0.18 per share
prorated through the redemption date. The aggregate redemption price of
approximately $115.8 million was funded using the net proceeds of the
offering of the Company's Series F Cumulative Redeemable Preferred
Shares of beneficial interest.
About Entertainment Properties Trust
Entertainment Properties Trust 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 $3 billion
and our primary investment segments are Entertainment, Education and
Recreation. 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
or from Brian Moriarty at 888-EPR-REIT.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTSWith 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 (the “Securities Act”), and Section
21E of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), such as those pertaining to our acquisition or disposition of
properties, our capital resources, future expenditures for development
projects, and our results of operations. 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,” “expect,” “hope,”
“anticipate,” “goal,” “forecast,” “expects,” “pipeline,” “anticipates,”
“estimates,” “offers,” “plans,” “would,” “may” 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. 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.Entertainment Properties TrustBrian Moriarty, 888-EPR-REIT
