Press release from Business Wire
EPR Properties Declares Inaugural Monthly Dividend for Common Shareholders
<p class='bwalignc'> <i>Company Anticipates Paying over $12 Million of Income to Common Shareholders Monthly</i> </p>
Tuesday, April 16, 2013
EPR Properties Declares Inaugural Monthly Dividend for Common Shareholders16:05 EDT Tuesday, April 16, 2013
KANSAS CITY, Mo. (Business Wire) -- EPR Properties (NYSE:EPR) today announced that its Board of Trustees has declared its initial common stock monthly cash dividend. The dividend of $0.2633 per common share is payable May 15, 2013 to shareholders of record on April 30, 2013.
This marks the Company's transition to monthly distribution of dividends for common shares, a transition supported by the knowledge that many income seeking shareholders prefer receiving their dividends on a monthly basis. This dividend represents an annualized dividend of $3.16 per common share, an increase of 5.3% over prior year.
David Brain, President and CEO, commented, “We believe moving to a monthly dividend more effectively aligns our dividend distribution with the interests of income seeking shareholders. Additionally, we believe this shift has the potential of expanding our shareholder base and enhancing the longer term valuation of the Company.”
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 $3.2 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.
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 (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,” “may,” “expect,” “hope,” “anticipate,” “goal,” “forecast,” “expects,” “pipeline,” “anticipates,” “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. While references to commitments for investment spending are based on present commitments and agreements of the Company, we cannot provide assurance that these transactions will be completed on satisfactory terms. In addition, references to our budgeted amounts and guidance are forward-looking statements. 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.
Brian Moriarty, 1-888-EPR-REIT
Vice President - Corporate Communications