Good morning, everyone, and welcome to the 2025 Annual and Special Meeting of the Shareholders of Extendicare. Before we begin, we acknowledge the land we are meeting on is the traditional territory of many nations, including the Mississaugas of the Credit, the Anishinabek, the Chippewa, the Haudenosaunee, and the Wendat peoples, and is now the home to many diverse First Nations, Inuit, and Métis peoples. We also acknowledge that Toronto is covered by Treaty 13 with the Mississaugas of the Credit. Thank you. I am Alan Tory, your Chairman, and joining me today at the podium are Michael Guerriere, your President and Chief Executive Officer; David Bacon, the Executive Vice President and Chief Financial Officer; and John Tafaleto, your Senior Vice President, Chief Legal Officer, and Corporate Secretary. Also here with me today are my fellow directors: Norma Bouchard, Donald Clow, Sandra Hannington, Brent Holden, Heather Ann Irwin, and Samir Manji. With that, we're about to commence the formal business portion of this meeting, but before we do so, I'd like to remind you that our remarks today, including answers to your questions, may contain forward-looking information. By its nature, the information contains forecast assumptions and expectations about future outcomes, which are subject to the risks and uncertainties discussed more fully in our public disclosure filings. I will now call the meeting to order. I will act as chair of today's meeting, and I will ask that John Tafaleto act as secretary of the meeting. For the purposes of today's meeting, I appoint Computershare Trust Company to act as scrutineer through their representatives, Josette Coffeeberg and Connor Brazell. We are constituted this morning as the Annual and Special Meeting of the Shareholders of Extendicare Inc. Under the articles of the company, the common shares have attached to them a single vote per share. In order to facilitate the proceedings for today's meeting, I will present and move the proposals related to the items of business identified in the notice of the meeting. This is in no way intended to influence or discourage any comments or questions from the floor. On the contrary, should any shareholder or duly appointed proxy holder wish to speak on any matter, please do so. In that regard, I would ask that shareholders or proxy holders identify themselves by stating their name prior to speaking. If you have a question that relates to a specific motion, please ask it at the time that the matter of business is before this meeting. Any questions that are not in respect to a particular motion should be asked during the general question and answer session following the formal business of the meeting. We will now proceed with the formal business of the meeting. The Secretary has provided me with a declaration affirming that the notice of this meeting was properly given to all shareholders entitled to receive notice and was accompanied by management information circular and form of proxy or voting instruction form. Accordingly, with the consent of the meeting, the reading of the notice of this meeting will be dispensed with. The preliminary scrutineer's report on common share representation at today's meeting has been received, and it shows that there are more than 25% of all outstanding voting shares present, and therefore a quorum is present. A final report will be prepared following the meeting. I therefore declare the meeting regularly called and properly constituted for the transaction of business. I direct the secretary to attach the declaration of mailing and the scrutineer's final report to the minutes of this meeting. We will now proceed with the first item of business, which is the presentation of the consolidated financial statements of Extendicare for the year ended December 31, 2024, and the report of the auditors thereon. A copy of the 2024 annual report containing the financial statements and auditor's report was mailed to each shareholder that requested a copy. This report was also filed on SEDAR and posted on our website. Apart from presenting the financial statements, no further action is required to be taken by the shareholders on these financial statements. David will be pleased to deal with any questions you may have at this time concerning financial statements. If any shareholder or proxy holder has a question, would they please rise and use one of the microphones provided? Before you begin, please indicate whether you are a shareholder or a proxy holder and state your name. I'm going to pause and see if there are any questions from the floor. Not seeing any, I will carry on. I'll now proceed with the next item of business, which is the appointment of Extendicare's auditors. As indicated in the management information circular, KPMG LLP are the present auditors of the company, and the board, on advice of the audit committee, recommends their reappointment. Therefore, I move that KPMG LLP be appointed as auditors for Extendicare at such remuneration as shall be fixed by the board until the next annual meeting of the company. As proxy holder, I am advised that sufficient votes in favor of this motion were cast prior to the meeting. We will now proceed to vote by a show of hands. All those in favor, please raise your hand. Thank you. Any withheld from voting? I declare the motion carried. I will now proceed with the next item of business, which is the election of directors for the ensuing year. I would like to take this opportunity to acknowledge Donald Clow and Heather Ann Irwin, whom we welcomed as new board members recently, and now nominate at this meeting for election to our board. Their extensive governance experience and deep expertise will be invaluable as we continue to navigate the complexities of our industry and advance our strategic goals. I would also like to recognize and thank Al Mawani, who recently retired from the board after seven years of dedicated service. Al brought valuable financial expertise and industry expertise to his role as a director and as chair of the investment committee. On behalf of the management team and the board of directors, we are deeply grateful for the meaningful contributions and strategic counsel that Al provided to Extendicare. The number of directors to be elected today has been fixed at nine by the board. The management information circular sets out the list of nominees, each of whom is currently a director. The nominees for election as directors, in addition to myself, are Norma Bouchard, Donald Clow, Michael Guerriere, Sandra Hannington, Brent Holden, Heather Ann Irwin, Donna Kingelin, and Samir Manji. There having been no further nominations received in advance of this meeting, in accordance with Extendicare's advance notice bylaw, I declare the nominations closed. I move that each of the individuals so nominated be elected as directors of Extendicare to hold office until the next annual meeting of the company or until their respective successors are elected or appointed. The vote for this item of business shall be conducted by ballot. The scrutineers distributed ballots to shareholders and proxy holders as they entered the meeting. The ballots for this item are the green ones. If you have already voted by proxy and did not revote your proxy prior to the commencement of this meeting, you should not cast a ballot. If you have not received a ballot and require one, please raise your hand. I do not see any hands, so I will now instruct you on the completion of the ballot. In the space provided on the ballot, please inscribe "Annex" to indicate whether you are voting for or against, as the case may be. Please sign and print your name at the bottom of the ballot. When you have finished, please hold up the completed ballot for collection by the scrutineers. I'm just going to pause for a minute to ensure that everybody's had a chance to assimilate that and act upon it if they wish or need. I don't see that there are any ballots to be collected, and there are no more ballots to be cast, so I declare the poll closed. The next item of business to consider and, if deemed advisable, to pass an ordinary resolution to reconfirm and approve all unallocated entitlements under the company's long-term incentive plan and to approve certain amendments to the amendment provisions of the LTIP. In accordance with the rules of the TSX, reapproval of the unallocated entitlements under the LTIP must be sought every three years. The company's LTIP was recently ratified and approved by shareholders at a meeting on May the 26th, 2022. Accordingly, a resolution is being placed before the shareholders today to approve the unallocated awards. In addition, in accordance with the rules of the TSX and the provisions of the LTIP, amendments to the amendment provision of the LTIP must be approved by the shareholders. Therefore, the company is seeking approval of certain amendments to the LTIP that have been previously approved by our board of directors. A summary of the key terms of the LTIP and amendments proposed is provided on pages 18 to 21 of the management information circular. A full copy of the LTIP as amended is available on CDOR. The board of directors has determined that it is advisable and in the best interests of the company to continue to have the LTIP in place and to adapt the amendments to the amendment provision of the LTIP. Whether or not the LTIP resolution is approved, all awards currently outstanding under the LTIP will remain in effect in accordance with their terms. If the LTIP resolution is not passed by shareholders at today's meeting, no new treasury share settlement awards may be granted under the LTIP. At this time, I will invite you to ask questions with respect to the continuation of the LTIP and the proposed amendments. If you do have a question, please rise, use one of the mics provided, and before you begin, please indicate whether you're a shareholder or a proxy holder and state your name. Anybody up for that? Okay. Seeing no further questions, I move that the ordinary resolution approving all unallocated securities, rights, and other entitlements under the company's long-term incentive plan and approving certain amendments to the amendment provisions of the LTIP, the text of which is set out in the management information circular delivered in advance of this meeting to shareholders, be approved. For your information, I've advised the scrutineer that based on the proxies received in advance of this meeting, we've received greater than 95% votes in favor of this item of business. Accordingly, we will now proceed to vote by a show of hands. All those in favor, please raise your hand. Thank you. Any opposed? None. I declare the motion carried. The last scheduled item of business is an advisory resolution on the board of directors' approach to executive compensation, commonly called say-on-pay. This is an advisory vote, the results of which are non-binding. However, it gives shareholders an opportunity to provide important input on the company's executive compensation practices. The board, and in particular, the Human Resources Governance and Sustainability Committee, will consider the outcome of the advisory vote as part of its ongoing review of executive compensation and when considering future compensation policies, procedures, and decisions. At this time, I would invite you to ask questions with respect to the company's approach to the executive compensation. As before, if you have a question, please raise your hand or please rise and use one of the mics before you begin to indicate whether you're a shareholder or proxy holder, and please state your name. I see no questions, so I'm going to move on. I move on, on an advisory basis, therefore, and not to diminish the role and responsibility of the board of directors, that the shareholders accept the approach to executive compensation disclosed in the company's management information circular delivered in advance of this meeting of shareholders. The vote for this item will be conducted by ballot. The scrutineers distributed ballots to shareholders and proxy holders as they entered the meeting. The ballots for this item of business are blue. If you have already voted by proxy and did not revoke your proxy prior to the commencement of the meeting, you should not cast a ballot. If you have not received a ballot and require one, please raise your hand. I will now instruct you on the completion of the ballot. In the space provided on the ballot, please inscribe "Annex" to indicate whether you are for or against, as the case may be. Please sign and print your name at the bottom of the ballot. When you have finished, please hold up the completed ballot for collection by the scrutineers. I'm just going to pause to make sure that everybody's had a chance to assimilate that as well. I see no ballots to be collected, no more ballots to be cast. I declare the poll closed. In respect to the election of directors, I've been advised by the scrutineer that based on the ballots and proxies deposited for this item of business, each of the nine nominees have received an affirmative vote of a majority of the votes cast. As such, I declare that the proposed director nominees have all been duly elected to hold office until the next annual meeting of shareholders or until they resign or their successors are duly elected or appointed. In respect to the advisory resolution on the board of directors' approach to executive compensation, I've been advised by the scrutineer that based on the ballots and proxies deposited for this item of business, we've received an affirmative vote of a majority of the votes cast. As such, I declare the resolution with respect to the company's approach to executive compensation to have been passed by more than the required votes. This concludes the proposals to be voted on at today's meeting. The exact number of votes cast in respect of this and all matters will be announced by way of a press release and filed on SEDAR, as well as made available on our website. Having completed the business for which this annual special meeting of shareholders was called, I move now and declare the meeting to be terminated. On behalf of management and the board, I thank you all for your strong show of support, your interest, and continued loyalty by attending today's meeting. I just want to spend a few minutes now to express some remarks before I pass it over to Michael. I'm going to take a moment and just reflect on the achievement of the past year. I want to share a few highlights of our progress in building a sustainable, people-oriented organization. Over the past year, we saw the realization of the transformation that was initiated in 2022, with a shift away from real estate ownership to a new strategy focused on health services featuring a capital-light business model. The work we have done to fulfill that strategy has positioned us to seize the opportunity we see in the market. We are addressing a critical gap in the availability of services to seniors, resulting in positive impacts across all of our businesses. The need for seniors' care is growing and will continue to grow in the foreseeable future. The healthcare system will be challenged to meet the need in its current state. The new and transformed Extendicare is resourced and structured to rise to that challenge. With a focus on services, the company's objective is being a national leader in delivering high-quality care, expanding capacity in the system, and supporting Canada's aging population. We really gathered momentum in 2024 with a series of strategic transactions that built on our vision and drive value creation across the business. With a strong balance sheet and our Axiom joint venture, we are well-positioned to pursue strategic growth opportunities that enhance scale, expand reach, and drive our organic growth. While we are pleased with results, our efforts to build value for shareholders, we also are mindful of our obligation as a people-focused business. Extendicare touches tens of thousands of people across Canada. From countless seniors we support with healthcare services to the more than 24,000 Extendicare people who work to deliver that care, to the many health organizations and suppliers we work with every day, we want our impact on the lives of people we touch and the communities in which we work to be a positive one. That includes considering our impact on the environment where our facilities are located. We continuously look for initiatives to make our operations more sustainable. This year, I'm proud of the progress we have made, including initiatives to reduce environmental impact, improve energy efficiency, and promote sustainable operations. More information regarding these important initiatives is included in our latest ESG Report available on our website. This report details how our mission, vision, and values guide us in supporting communities and delivering quality care to our residents. At the core of this commitment is a focus on quality. Through data-driven insights, third-party accreditation, and evidence-based practices, we continuously monitor our progress with a view for continuous improvement of care and safety practices. This year, we are particularly proud that our medication management practices were recognized as industry-leading in the peer-reviewed medical literature. Our commitment to quality helps ensure that residents and patients receive the compassionate, reliable support they deserve. At Extendicare, we are committed to inclusive environments that honor the diverse identities of residents, patients, and team members while ensuring our workforce reflects the diversities of the communities we serve. That commitment extends to the governance of the organization, with women making up 44% of our board. Our efforts are getting recognized. For the fourth consecutive year, we were honored to be recognized by the Globe and Mail through the 2024 Women Lead Here list of companies. This list is an annual benchmark measuring representation of women in executive leadership positions among the 500 largest companies in Canada. Our governance initiatives prioritize transparency, ethical business practices, and strong oversight and accountability. These efforts reflect Extendicare's broader mission to create long-term value for stakeholders while contributing positively to the communities that we serve. In closing, I'd like to thank our shareholders for your confidence and trust as we embarked upon our strategic transformation. Today, we are pleased to share what that strategy has built and how we are returning value to the shareholders who have supported us along that journey. The results are evident. Our foundation is strong and our future is bright. Looking ahead, we are excited for the opportunity to care for more seniors by providing them with the care and support they need to live their best lives. I also thank my fellow directors for their insight and counsel over the years, and I look forward to working with the new members of our board who are joining us this year. I thank our management team and our dedicated team members across Canada whose efforts drive Extendicare's positive impact on residents, patients, and families. I thank you to all our partners, advisors, the public service, and everyone who supports Extendicare in delivering care to those in need. With that being said, it's now my pleasure to introduce Extendicare's CEO, Michael Guerriere, who leads us all on this journey. He's going to provide you with some remarks and conduct a general and question-and-answer period. Michael, over to you. Thank you, Alan. Good morning, everybody. I feel that this is more of a family gathering than a corporate event, looking out at everybody here. It is always good, especially for a hard-driving group like this, for us to take a few moments to celebrate our successes, forget about all the challenges that are building up in your inboxes as we're all sitting here, and reflect on what we've achieved and our opportunities for the future. It really is a privilege to have this opportunity together to share how our strategy is coming to fruition through the hard work and dedication of this excellent leadership team that we've gathered here in the room, our board, and of course, as Alan mentioned, the now 24,000 people who work with us every day to help people live better. First and foremost, Extendicare is a mission-driven organization. Care is really at the heart of everything that we do. Our extensive network of long-term care homes and home health centers across the country provides people with the care they need wherever they call home. Last year, we refreshed our mission, vision, and values to give voice to what inspires us. Our mission has not changed, but the way we talk about it has. The updated articulation was shaped by hundreds of individuals, including team members, residents, and their families. They understand what our purpose looks like in action and have helped us bring it to life in meaningful ways. Let's just take a moment to listen to them talk about what we do in their voice. I am helping people to live better. I'm helping people to live better. The staff here makes all the difference. They become friends. They become our family. The residents, we become a family, and that's where you get your fulfillment. We've done a really good job at finding people who know what it's like to care for others with compassion. As a nurse working with impairment, I always try to embody client-centered care whenever I'm talking with residents. We all have one piece of the puzzle, so we're a giant mosaic. We put smiles on everybody's faces. We're always thinking about how do we improve quality? How do we ensure that our residents are getting the best possible care every day, all day, every day? Having new buildings that have more functionality, that have more accommodations, that have more space allows for a better resident experience. I am excited that we will be able to do that for even more residents to come. They really care, and they make me feel like a peer. They don't make me feel like a number on a door. They make me feel like I am worth something. I always get a little teary when I see that video. It's very inspiring. All of that is unscripted. Those are all our people. Really impressive. The heartfelt way that people can articulate what we're doing. Now, our vision aligns with our mission, and it's to have a country where everyone has access to the care and support they need to live their best lives. This means contributing to a health system where every individual can receive high-quality, compassionate care that empowers them to maintain their dignity and quality of life. All of our efforts are directed to making this vision a reality. This is an ambitious vision because demand for our services is rising, driven by the aging demographic. The number of seniors in Canada over the age of 85 will double over the next decade. We've talked about the aging population for so many years that we've become inured to its implications. The first baby boomers are just turning 80 now. The fastest growth in the seniors' population is still ahead of us. Already, our society is badly behind in building the capacity needed to care for the aging population. This is a chart published last month by the Ontario Financial Accountability Office. It shows the number of long-term care beds per 1,000 population over the age of 75 from 1996 to the present. The ratio peaked at 99 beds per 1,000 in 2006, and last year fell to 60 per 1,000. No wonder our hospitals are overwhelmed with people who do not need acute care services. The long-term care sector is expanding, but not quickly enough to keep pace with need. The waitlist in Ontario has reached 48,000 people, and the Conference Board of Canada estimates the country will require over 200,000 new long-term care beds by 2035. In the face of this demand, for Extendicare to maintain its market share, we would have to build eight 250-bed long-term care homes every year. We're currently building at a pace of three per year. Closing the capacity gap will entail a significant acceleration in the pace of construction by the sector. Achieving this will require collaboration among provinces, municipalities, operators, and other stakeholders to get the job done. Even with unprecedented levels of collaboration, it's hard to see how the sector will build enough long-term care. At up to CAD 500,000 per bed to build, those 200,000 beds would require a CAD 100 billion investment over the next 10 years. At Extendicare, we're working on other ways to meet the growing need for care. Innovative home care models have to be part of the solution. Services that maintain independence and extend the time seniors can live safely in their own homes have become a critical part of the service mix. No wonder our home care operation is growing at 10% per year. In 2024, we delivered a record 11 million hours of home care. Our just reported Q1 average daily volume was up 21.4% from the same period two years ago. This growth is evidence of strong demand and our improved capacity to meet it. We're gratified that provincial governments recognize the vital role that home care plays within the healthcare system. Recent rate increases are supporting wage growth, training programs, and investments in our technology platform. Technology and automation have enhanced our efficiency, enabling us to meet demand and deliver volume growth at higher margins. New scheduling algorithms enhance efficiency and improve appointment reliability, giving clients confidence that they will receive care when they need it. By automating repeatable back-office processes, such as recruiting and onboarding, we have built capabilities that give us a competitive advantage in the marketplace. Our managed services segment continues to experience strong momentum following the 2023 Riviera and Axiom transactions. We recently opened three new homes in the Axiom JV, with six additional homes under construction. Our development pipeline has another 18 projects that we are advancing through the planning stages. Each of these projects will generate development fees through the construction phase, then management fees when they are operational. To address the widening gap in long-term care capacity, we are working to accelerate the pace of new project starts. Our SGP purchasing program is also contributing significantly to strong organic growth in our managed services segment. Nearly 150,000 beds across the country are benefiting from the industry-leading prices we've been able to achieve through our volume contracts. Our service has become an efficient channel to market for suppliers to the seniors' care sector nationwide. Within our long-term care segment, we've delivered greater stability in our operating margins, primarily through enhanced funding support, improved occupancy, and normalized costs. Over time, as we advance our redevelopment program, our fully owned homes will be replaced with new builds in the joint venture, freeing up capital to recycle into new projects. Key to the quality of services we deliver to our residents is an engaged and experienced care team. Enabled by increased government funding, we have increased staff-to-resident ratios and invested more in training to enhance quality of care. We're also improving efficiency through continued investment in technology, reducing administrative burdens on staff, and enabling them to focus their time on the needs of residents and their families. Now, Extendicare has undertaken several initiatives in recent years to drive shareholder value and accelerate our growth. We've worked to build a strong balance sheet through retiring and refinancing debt, recycling capital from the sale of vacated properties, and through stronger cash flows from operations. Last year, we further fortified our balance sheet by securing a new CAD 275 million senior secured credit facility. Part of that facility was used for the early redemption of the convertible debentures that would have matured in April 2025. Our strong balance sheet gives us flexibility to increase care capacity and pursue accretive acquisitions. We've allocated capital in alignment with our strategic priorities to create shareholder value. When our shares were undervalued, we bought back 7% of our stock at an average price just below CAD 7. This year, our board declared a 5% dividend increase, underlining our confidence in our financial health and prospects for growth. Earlier this month, we announced the acquisition of Closing the Gap Healthcare, a leading provider of home health services in Ontario and Nova Scotia. We're excited to have them join us as they have a talented team and care delivery capabilities that complement ours. The acquisition will be immediately accretive to earnings, and integrating the operation into ParaMed will drive further cost synergies. Our pending acquisition of nine homes from Riviera, announced in late 2024, is expected to close shortly. This deal will add six redevelopment projects, comprising 1,100 beds to our pipeline, fueling future growth in our managed services segment. These acquisitions align with our growth strategy, adding complementary assets that support organic growth rather than just adding volume. Our disciplined approach to allocating capital will ensure we evaluate opportunities strategically and act when they align with our growth and value creation objectives. Now, as I started out saying, we are very proud of our exceptional team of over 24,000 staff. Their dedication and expertise ensures high-quality and compassionate care every day. They're the heart of our organization and our drive to help people live better. As a service provider, the quality of our product is entirely dependent on having a highly skilled and engaged workforce. By investing in developing and training our people, we enhance our ability to meet the growing demand for our services. In addition to improving quality, annual training refreshes skills, increases retention, and makes the organization more efficient and effective. I'm very fortunate to be working with a very talented senior leadership team. For over six years, we've worked together through some very challenging times to execute our strategic transformation. Our senior team's continuity and singularity of purpose have been key to positioning Extendicare for success. We are also supported by a strong and engaged board of directors, and I thank them on behalf of all of the management team and the entire team at Extendicare for their support, for their unlimited availability, and very wise counsel. As Alan mentioned in his remarks earlier, we were very honored to be included again on the Globe and Mail Women Lead Here list. Across our organization, women leaders play a vital role in delivering on our mission, bringing their expertise and leadership to every aspect of our organization. I ask you to just take a moment with me to hear from them on how they approach leadership in a caring organization. I was inspired by the care that the staff were giving the residents. Quality care is extremely important. Just going in and doing the task is not enough. We plan according to their wishes. We have a collaboration with all the interdisciplinary team. Coming from an Aboriginal background, elders tell the story that we get to continue. In our culture, it's about caregiving. We find that we can use less medications in certain cases because we've been able to help that individual become calm and elicit those memories and abilities that we want to maintain. As a clinical consultant at ParaMed, I have taken care of people all through the age span. We have a lot of brilliant nurses to provide quality care for our patients. We care for them on diagnosis, and they almost become your family. The little parts that you put together throughout the day is what I feel quality care is, is being present. A lot of the residents, that's all they want. They want to be part of the group. They want to be involved. They want to be seen.\ Most of them, this would be their last home. I want them to feel the happiness that they have in here. You can have that meaningful interaction. There's nothing better than seeing residents laughing and using their body. As a leader, I want to make sure all the leaders within the sites have the tools to support their teams. I go to each and every unit and kind of check in with them, see where they're at. I got to hear the residents' stories. That's where the passion kind of ignited. It is 24-hour care. Anyone with an aspiration or a skill set is empowered to move forward. I feel good that I did the best I can, and I'm really privileged to work for our organization that actually encourages women to be the leaders. I wanted to be a part of that movement where we were going to make things better and treat them as their family. I have to say, watching things like that and having meetings with these people on a regular basis means that nothing that we do at the head office is ever good enough for these people. One of our values is that we are relentlessly pursuing improvement, and you can see that and hear that in the standard that our frontline people are setting for us. Honestly, after seven years in the CEO's role, I still do not feel that I am doing enough to support those people on the front lines. Everybody, as soon as this meeting is over, back to your offices. We have work to do. In closing, I do want to extend thanks to the extensive ecosystem of strategic, financial, union, and government partners that support Extendicare. This includes Axiom Infrastructure, KPMG, Tories, our SGP partners, and myriad other contractors and suppliers. I also thank our shareholders, those in the room, and all those who could not join us today for your continued support. Every step we take, whether expanding our services, investing in innovative care models, enhancing our operational quality and efficiency, is motivated by our purpose to help people live better. Thank you to all of our shareholders for making that possible. That concludes my formal remarks for today, but we would now be very pleased to respond to any questions from our shareholders or duly appointed proxy holders. If you have a question, please rise and use one of the microphones. Before you begin, please state your name and whether you're a shareholder or proxy holder. Any questions? Everybody's thirsty and hungry. Everybody's saving them for after the meeting. Thank you all for taking the time to attend today. There are lots of refreshments. I hope you'll stay and mingle and meet the board and the various members of the management team. Thank you very much for coming.