You may convert the Series C Preferred Shares into our common shares subject to certain conditions. The conversion rate will initially be 0.3504 common shares per $25.00 liquidation preference, which is equivalent to an initial conversion price of $71.34 per common share. The conversion rate will be subject to adjustment upon the occurrence of specified events. On or after January 15, 2012, we may, at our option, convert some or all of the Series C Preferred Shares into common shares in certain circumstances based on the market price of our common shares. Upon any conversion of Series C Preferred Shares, we will have the option to deliver either (1) a number of common shares based upon the applicable conversion rate, or (2) an amount of cash and common shares, as described in this prospectus supplement.
If you elect to convert your Series C Preferred Shares in connection with a fundamental change that occurs on or prior to January 15, 2017, we will increase the conversion rate for the Series C Preferred Shares surrendered for conversion to the extent disclosed in this prospectus supplement. In addition, upon a fundamental change, when the actual applicable price of our common shares is less than $59.45 per share, you may require us to convert some or all of your Series C Preferred Shares at a conversion rate equal to the liquidation preference of the Series C Preferred Shares being converted plus accrued and unpaid distributions divided by 98% of the market price of our common shares. We will have the right to repurchase for cash some or all of the Series C Preferred Shares that would otherwise be required to be converted.
Full Prospectus PDF », Secondary Prospectus PDF », EPR Page »
|
EPR Properties is a real estate investment trust. Co. has two reportable operating segments: Experiential and Education. The Experiential segment includes the following property types: theatres, eat and play (including various theatres located in entertainment districts), attractions, ski, experiential lodging, gaming, cultural and fitness and wellness. The Education segment includes the following property types: early childhood education centers and private schools. Preferreds: EPR.PRC, EPR.PRD, EPR.PRE, EPR.PRF, EPR.PRG Open the EPR Information Page » |
|
|
Free Email Alerts: Get Dividend Alerts Get SEC Filing Alerts |
|