New Issue: Entertainment Properties sells $50 million preferreds at 9.5%

New York, May 24 - Entertainment Properties Trust priced $50 million of 9.5% series A cumulative redeemable preferred shares, according to a filing with the Securities and Exchange Commission.

The preferreds were priced on May 23 via lead manager Bear, Stearns & Co. Inc. The syndicate also included Prudential Securities, BB&T Capital Markets, Fahnestock & Co. Inc., Ferris Baker Watts Inc. and Stifel, Nicolaus & Co. Inc.

The Kansas City, Mo. movie theater real estate investment trust will use proceeds for general corporate purposes.

Issuer:	Entertainment Properties Trust
Issue:	Series A cumulative redeemable preferred shares
Amount:	$50 million (2 million shares)
Greenshoe:	$7.5 million (300,000 shares)
Maturity:	Perpetual
Dividend:	9.5%, payable quarterly beginning July 15, 2002
Price:	Par of $25
Call:	May 29, 2007 onwards at par
Settlement:	May 29
Listing:	"EPRprA" on New York Stock Exchange

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