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EPR Properties shareholders OK proposal to phase out classified board structure

EPR Properties shareholders voted to approve the proposed amendment to the company's declaration of trust to eliminate its classified board structure at the triple-net real estate investment trust's June 1 annual shareholder meeting.

The amendment requires trustees whose terms are expiring to be elected for one-year terms starting at the 2019 annual meeting, with full declassification expected by the 2021 annual meeting.