SCHEDULE: InfraCap Funds Update EPR Properties Preferred Share Holdings

Infrastructure Capital Advisors and affiliated funds filed an Amendment No. 8 to Schedule 13G, updating their beneficial ownership of EPR Properties' Series E Preferred Shares.

Summary

• Infrastructure Capital Advisors, LLC, Virtus InfraCap U.S. Preferred Stock ETF, Jay Hatfield, and InfraCap Equity Income Fund ETF filed an Amendment No. 8 to Schedule 13G.
• The filing updates their beneficial ownership of EPR Properties' 9.00% Series E Cumulative Convertible Preferred Shares, par value $0.01 per share.
• Virtus InfraCap U.S. Preferred Stock ETF beneficially owns 221,407 shares, representing 6.43% of the class, with shared voting and dispositive power.
• InfraCap Equity Income Fund ETF beneficially owns 1,045 shares, representing 0.03% of the class, with shared voting and dispositive power.
• Infrastructure Capital Advisors, LLC and Jay Hatfield report 0 beneficial ownership individually.
• The securities are held in the ordinary course of business and not for the purpose of changing or influencing control of EPR Properties.

Sentiment

Score: 5

Explanation: Neutral. This is a standard regulatory filing updating beneficial ownership and does not contain information that would significantly alter the perception of the issuer's financial health or prospects.

Future Outlook

No forward-looking statements or guidance regarding EPR Properties' future are provided in this filing.

Management Comments

• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing is a routine regulatory disclosure of beneficial ownership by institutional investors in preferred shares, which does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Provides transparency on significant preferred share ownership by institutional investors.

Key Dates

Recommendation

The filing is a routine Schedule 13G/A amendment disclosing beneficial ownership of preferred shares by institutional investors. It does not contain any new financial performance data, strategic updates, or material events for EPR Properties that would warrant a change in investment recommendation. The stated intent of holding shares in the ordinary course of business suggests no immediate activist intent or significant market action.

Keywords

EPR Properties, Preferred Shares, Schedule 13G, Beneficial Ownership, Infrastructure Capital Advisors, Virtus InfraCap, ETF, Convertible Preferred Stock, SEC Filing