Good morning, everyone. [Non-English content] Welcome to our 2026 annual meeting of common shareholders. 2026 Annual Meeting of Common Shareholders. I'm Jacynthe Côté, and I have the privilege of being Chair of the Board of Royal Bank of Canada. I am honored to acknowledge the land we are gathered on today. We are in Toronto, the traditional territory of the Mississaugas of the Credit First Nation, the Anishnabeg, the Chippewa, and the Haudenosaunee, and the Wendat peoples. We are on Treaty 13 territory. These traditional territories continue to be home to many Indigenous people, and I'm grateful to be on this land. With me on stage, Dave McKay, President and Chief Executive Officer, and Jessica Clinton, Senior President, Deputy General Counsel, and Corporate Secretary. I will act as Chair of the meeting, and Jessica will be our secretary. Pina Pacifico and Joseph Chirico, officers of our transfer agent, Computershare Trust Company of Canada, will be our scrutineers. Also present are members of the Board of Directors and senior management. As notice of the meeting has been duly given and a quorum of common shareholders is present, I now call the annual meeting of common shareholders to order. [Non-English content] As always, the meeting will be conducted in English and French. Our participants may select the language of their choice, depending on whether they are attending the meeting in person or online. Good morning. If you're attending the meeting in person and would like a translation headset, please raise your hand and someone will assist you. English is on channel 2 and French on channel 10. If you're joining the meeting online, you can listen in English, French, or without translation by selecting your preferred option above the video player on your screen. Closed captioning is available on all broadcasts. If you're joining by telephone and prefer a different language, please hang up and dial back in using the phone number for that language listed on our website. I will now ask participants to please take a moment to review the caution regarding forward-looking statements provided on the screens in the room and online. Thank you, Jessica. Now, could you please explain how to ask questions during the meeting? To make sure as many shareholders and proxy holders as possible have a chance to participate, only one question may be asked at a time, and speaking time for each question will be one minute. Shareholders and proxy holders may ask questions in either English or French. For those joining us in person, please use the handheld IML connector device provided to you at the registration desk to join the queue. Please raise your hand when you're called upon. For those joining us online, please submit your question through the Lumi platform. Please refer to the rules of conduct and user guide for more information on how to participate and submit questions. Questions related to specific items of business will be addressed in accordance with the meeting agenda. As a reminder, questions should be relevant to all shareholders and not of a personal nature. If you have a personal question, please speak with an RBC representative at our information desk outside the meeting room, or contact the secretary using the contact details on the back cover of our 2026 proxy circular. Thank you, Jessica. As always, we welcome constructive conversation with shareholders and proxy holders. Today, we will consider the matters of business set out into our 2026 proxy circular, including the election of directors and the appointment of our auditor. Common shareholders will be asked to approve a non-binding advisory resolution on our approach to executive compensation, and we will then consider the shareholder proposals. We will now proceed with the first item of business, which is the reception of the bank's financial statements for fiscal 2024 and 2025. I invite shareholders and proxy holders who would like to ask questions on this topic to queue in or submit your question online. At this time, I would like to introduce Lona Mathis, Ryan Leopold, and Alaina Tennison, the representatives of PwC, our auditor for the 2025 fiscal year. As indicated in our proxy circular, copies of the auditor's report and the financial statement are included in our 2025 annual report, which can be found on SEDAR+ and EDGAR, as well as on the websites of RBC and Computershare. Jessica, are there any questions or comments on the bank financial statements? There are no questions on this item. You have received a notice of meeting, which outlines the matters to be considered today. The notice of meeting is also included in our proxy circular. I'll now ask Jessica to review the voting procedures. If you are attending in person, you may vote either via the IML connector device or by paper ballot. If voting by the device, your vote will be automatically submitted to our scrutineers. If you have opted to vote by paper ballot, please print your name clearly and sign your ballot. If you're attending online, you may vote via the Lumi platform. All meeting resolutions are on display. To vote, tap one of the voting options available. Votes may be changed up until the time voting is closed. If you do not vote, you will be regarded as having abstained. Voting will remain open until the chair of the meeting declares voting closed. Votes will be counted by our scrutineers. Preliminary results will be announced at the meeting today, and final results posted on our website. A simple majority is required to approve all matters voted on at this meeting. Thank you, Jessica. I declare voting on all matters open. Proceed with the next item of business, which is the election of directors. If you would like to ask a question on this topic, please queue in or submit your question online. This year, the number of directors nominees has been set by the board at 13. Biographies of each of the nominees begin on page 14 of the proxy circular. All of the nominees are currently RBC directors. I will now ask Jessica to nominate the individuals proposed for election as directors. I am pleased to nominate each person set out on pages 14 through 20 of our proxy circular to be elected as a director of the bank to hold office until the close of the next annual meeting of common shareholders or until their successors are elected or appointed. Thank you, Jessica. Are there any questions or comments on the election of directors? There are no questions on this item. I declare the nomination closed. Please cast your vote on the election of directors now. The next item of business is the appointment of our auditor. If you would like to ask a question on this topic, please queue in or submit your question online. I'll ask Jessica to make a motion for the appointment of the auditor. I move that PricewaterhouseCoopers be appointed the auditor of the bank until the close of the next annual meeting of common shareholders. Thank you. The motion has been moved. Jessica, are there any questions or comments on the appointment of our auditor? There are no questions on this item. Please cast your vote on the appointment of the auditor now. The next item of business is the shareholder advisory vote on our approach to executive compensation. The description of this advisory resolution is on page seven of the proxy circular. If you would like to ask a question on the topic, please queue in or submit your question online. I will now ask Jessica to make the motion to approve this resolution. I move on an advisory basis and not to diminish the role and responsibilities of the Board of Directors, that the shareholders accept the approach to executive compensation disclosed in the proxy circular. Thank you. Jessica, are there any questions or comments on our approach to executive compensation? There are no questions on this item. Please cast your vote on our approach to executive compensation now. We will now proceed with the shareholder proposals. There are 11 proposals being put to a vote today. The board and management recommend that shareholders vote against each of these proposals for the reason described in the proxy circular. We will ask the submitting shareholder to present a proposal, and will invite common shareholders to vote on them all at the end. The 11 shareholder proposals we're voting on today were all submitted by MÉDAC, the [Non-English content]. If you would like to ask a question of the shareholder proposals, please queue in or submit your question online. MÉDAC is represented by Willie Gagnon, who is here in person to present these proposals. RBC met with MÉDAC in advance of the meeting and appreciated the opportunity to engage on the shareholder proposal being presented today. Mr. Gagnon. Mr. Gagnon, thank you for joining us. Please speak to the MÉDAC's proposals. Chair, good morning. My name is Willie Gagnon. I'm here on behalf of MÉDAC, as every year, the [Non-English content] that's been existing for over 30 years. I was told that I had 10 minutes for my intervention. I see that there's just about under eight minutes. It is true that we have sent you a lot of proposals this year. Normally, we would have sent about five proposals, and the other six former proposals that had been sent in previous years have been added. I am not going to go on the reasons why we decided to submit these proposals, but the results on those proposals justify our submitting them again. As far as the new proposals this year are concerned, there is one about strengthening shareholder participation in annual general meetings because there was a default in quorum for a listed company last year. We ask also questions about the participation of shareholders in AGMs. We would have liked not to demand a vote on this proposal if you had agreed to publish a small table where we could see whether the participation rate was going down or up, and what was the participation rate of individual investors and institutional investors. According to your response, you say that the participation rate is being maintained. You could actually tell us this data. It would've been good for you to give us a table on this. The data is available, and there's a table accompanying our proposal that is the same as the one that we would have wanted from you. That's unfortunate. Proposal number two, youth inclusion in bodies of the bank. We would have been open to the possibility of not demanding a vote on this proposal if you had demonstrated that the CAD millions that you're spending on youth issues in civil society, if you spent on programs to train youth to take part in board meetings. There are similar initiatives at the [Non-English content] or Institute of Corporate Directors. You decided not to do the same, so this is our proposal. Proposal number three, a responsible performance-based compensation policy. We asked that the bank adopt a more responsible compensation policy based on the bank's overall performance. I'm not going to go into details. Your answer is no. Proposal number four, strategic diversification of skills within the Board of Directors. We wanted the Board of Directors to adopt a new skill diversification policy to meet current and future challenges. We wanted to know what were the policies in place in order to renew the criteria of the skills matrix of the Board of Directors. You told us it was an annual exercise, but we would have liked to know if something can be done and if there is urgency of changes in the economic or financial context of the country, because we know that we are in a specific and particular context at the moment, and we think that it would be important to repeat the exercise. We didn't agree on this. Proposal number five, formal recognition of the systemic role of the Board of Directors. It is proposed that the Board of Directors form a standing advisory committee on the systemic impact of the bank's decisions. The bank tells us that it's already doing it, that it doesn't need an advisory committee that we call on external experts. I'm not going to go into details about the motivations of the proposals. Proposal number six. There are four more proposals fighting against forced labor and child labor. It got 25% of the vote last year. Proposal on regulating AI, we would not have submitted a proposal if you'd agreed on an initiative on civil society. We got 14% last year. Next proposal, public disclosure of non-confidential information, country by country reporting. We got 10% last year. Advisory vote on environmental policies. We got almost 17% last year. A proposal on circular economy that we've submitted for several years, and we got about 10% last year. Finally, the proposal on in-person shareholder meetings. We would have accepted not to submit this to a vote if you had committed to maintaining in-person shareholder meetings. Of course, it is provided for in the law, but we would have wanted a commitment from you, despite the 48% that this proposal got. It would have been easy to tell us, for example, today that you would maintain in-person meetings. This would be a victory for us this year. Anyway, we have the proposal. They're all submitted to a vote. I have to say the discussions with the bank are more and more difficult. I've been doing this for about 20 years, and this is the most difficult year that we've had with the bank. I don't understand why. I'm trying to understand why. I've been talking to people about it, to my interlocutors this morning. I would like to go back to previous practices. I do not know what the reasons are that make it more difficult to speak with you. We're pleased with the quality of the responses you provided. We did not agree on any question, whether minor or major. Actually, the six former proposals that we're submitting again this year are almost all proposals on which we agreed with every other bank. You're the only one that's receiving these proposals. I have to say that this year I'm the only one to make proposals. MÉDAC is the only shareholder to make proposals. What is happening? Are those who are used to making proposals giving up because there's no use to it? We deplore the fact that we are in this situation, that we're submitting so many proposals. According to the act, we can submit as many as we want. I invite you, Chair, to think about the proposals and the questions that I'm asking today. I will be the only one doing it this year. I'm pleased to speak with you directly today. Thank you very much for all the time. I managed to speak before the end of the timer. Thank you for all the time you gave us, and I invite all the shareholders to support all our proposals as many people have done in the past. Thank you, Mr. Gagnon. There were conversations with you and the MÉDAC, and I apologize that you are not satisfied with the outcome of these conversations. We look forward to further conversations in coming years. Questions or comments on the shareholder proposals? Yes, we have a live audio question from John Ridsdale. Please go ahead. My name is Chief Na'Moks, the Hereditary Chief of the Wet'suwet'en. I have a question related to proposal 5, the formal recognition of the systemic role of the Board of Directors. On your Board of Directors, you have Thierry Vandal, who is on the board of TC Energy Corporation. This director, his perspectives and interests are directly tied to the incentive to continue building and investing in oil and gas projects. Projects that are responsible for systemic problems such as climate change, economic risk, local health impact, and pollution that impacts generations. Fossil fuel projects, including LNG Canada phase II, and the Haisla Nation's final investment right now. While we know these Board of Directors who have a direct connection to oil and gas companies will be conflicted about this, I would urge every board member to take their role seriously and make a choice not to invest in these projects, nor approve any further connection between RBC and LNG Canada phase II and Cedar LNG's LNG projects. Will the board make the right choice and acknowledge the systemic role, responsibility, and invest in Indigenous-owned and- Thank you for your question. The board always, it's an ongoing process to look at the skills and qualification needed, not only for the board of today, but the board of tomorrow. We are making a regular assessment, and then this is what defines the recruitment of the future directors that we have. Your question was very specific about Thierry. Thierry has a very strong background in trading energy, has been the CEO of Hydro-Québec, the largest hydropower facility in North America, and is still in the investment of energy. He brings a whole span of understanding of the energy globally. He's a very committed director. He received, as long as he's been on the board, extremely high ratings from shareholders. He's always above 97% approval. I'll repeat, I'll say the same thing as I said last year. We're lucky to have him. Thank you for your question. Any other question? Yes, we have a live audio question from Jeff Carlson. Please go ahead. Yes, hello. Good morning. Can you hear me? Yes. Please. Great. Thank you. We continue to hear and read a lot of unrealistic expectations, and misguided calls for less fossil fuel investment and more renewable investment. Informed people understand that renewables will never take the place of fossil fuel energy supply, and this is no better evidenced by the current conflict, which is currently directly affecting the Strait of Hormuz in the Middle East. This energy supply will never be, can never be replaced by so-called green energy. In short, we need more investment in traditional fossil fuel production and discovery, not less, especially from Canadian sources. I encourage RBC to expand this investment. Thank you. Thank you for your comment. Is there any other question or comment? Yes, we have a live audio question from Jesse Logan Stoppler. Please go ahead. Good morning, everyone. My name is Guulaxkan Gubu. My taxpayer name is Jesse Stoeppler. I'm Gitxsan and Wet'suwet'en. I have a question related to proposal number 9, the advisory vote on environmental policies. RBC's investment in backing of major fossil fuel projects continues despite clear support from stakeholders who voted in the past to align investments with clean energy and not further oil and gas projects. In the last year, RBC has abandoned emission targets and withdrawn from the Net-Zero Banking Alliance and continues to be the top funder of fossil fuel projects within so-called Canada. I've spoken before and continue to attend the RBC AGM because of RBC's role in funding and supporting LNG Canada phase I and now possibly phase II. As you now have been hired to find new buyers for LNG Canada phase II for me- Dave, from a board perspective, let me say a few comments before I pass it on to Dave. From a board perspective, back to that proposal, we don't believe that proposal is helping, and it would help what we're doing, and we're putting it to the vote. Dave, would you like to add comments from management perspective? Thank you, Jacynthe. Maybe I'll answer the question in more of a macro perspective. As we think about as a country, as our government leads us through a strategy of energy security, prosperity in the country, investment in our economic future, it requires a balance. To grow our energy supply in a secure way and leverage the resources that we have in our country. That includes both renewables, low carbon energy supply, and fossil fuels have to be done in balance. Therefore, there is an opportunity to secure a safer world or secure energy supply by leveraging all those resources in Canada. That is being led by our government. Therefore, as Canada's largest bank, we will support that government initiative to diversify our sources of energy, but to continue to invest in those energy sources that meet global demand, are economic, or have Indigenous participation. We go through the formal legal approvals and FPIC approvals. I think it's a balance that we have to approach. I don't think it's one or the other. We need all sources of energy as we look to a digital future. We electrify our economy. The demands on energy can be very inflationary, and it's incumbent on us to protect our economy by looking at all sources. Thank you, Dave. Thank you for your question. To keep us on track, I'll take one final question on the shareholder proposals before we proceed with the vote. Is there any- Yes, we have a live audio question from Richard Brooks. Mr. Brooks, go ahead. Thank you. My name is Richard Brooks. I'm the climate finance director at Stand.earth, and I'm here as a shareholder. I am sad to not be in person at your meeting this year. I hope you didn't spend too much money on security and coffee this year in anticipation of my attendance. More importantly, RBC explicitly has promised in the past to the New York City Comptroller that it would disclose its energy supply financing ratio. It has been two years since that promise was made. While peers like CIBC and National Bank are moving towards transparency, RBC is now refusing to not only disclose the ratio to its shareholders, which is a violation of material law, or provide a clear timeline while simultaneously removing its environmental and social risk policy from its website. According to BloombergNEF, RBC's actual energy financing ratio is very low, 0.61-to-1, meaning for every $1 you put into volatile fossil fuels, only 61 cents goes to reliable. Thank you for your comment. Dave? Yes. Thank you, Mr. Brooks, for your question. We did disclose last year the methodology that we're going to use to calculate what is a very complex ratio. We took our time to make sure the calculations are accurate and most importantly, comparable. When you compare ratios across other banks, the methodologies are quite different, and therefore you have to be careful in that comparison. Having said that, the investment, as I said in my previous answer, in renewables, low carbon energy sources are very important. You will see as we disclose that, and we're not refusing to disclose. That is incorrect. We are making the calculations now, and you will see us disclose that energy ratio, particularly the detail of how much we're financing in renewables, how much we're financing in low carbon, and how much we continue to finance and invest in our country in carbon-intensive fuels. I can tell you just the highlights of what you'll see over the coming quarter is that the increase in funding of renewables is up 40%. The increase in low carbon lending is up 19%, and those ratios are much greater than the growth and actually potential reduction we're seeing in funding and emissions from our heavy, intense carbon fossil fuels. When you look at that, you should expect a material improvement, Mr. Brooks, in that ratio. I just ask you to be a little bit patient as we get the numbers finalized and accurate, and you will see those numbers. Thank you. Thank you, Dave. If you have not yet voted on any of the items on the agenda, please do so now. I will now ask the scrutineers to collect any paper ballots. Please raise your hands so that the scrutineers can identify you. As we have now dealt with all the business items on the agenda, I declare voting on all matters closed. At this time, I will ask the scrutineers to tabulate the votes. I will now ask Jessica to speak to the preliminary voting results. The scrutineers have reported that 52.86% of eligible shares have been voted at this meeting. According to the scrutineers' report, I am pleased to report that all board-recommended matters of business have been approved and all shareholder proposals have been defeated. Final results will be posted on the Bank's website and SEDAR+. Thank you, Jessica. There being no further business, I hereby declare the annual meeting of common shareholders terminated. It's now my pleasure to welcome RBC's President and Chief Executive Officer, Dave McKay, to the stage. Thank you, Jacynthe, and good morning, everyone. Annual meeting. Wherever you're joining us from today, thank you for your continued investment and trust in RBC. We believe that trust is earned in every interaction. This belief has made us what we are today, a partner to more than 19 million clients. An anchor of stability in thousands of communities, and one of the world's most successful financial institutions. I am exceptionally proud of our RBC achievements in 2025, from our strong financial results to the way our employees show up for our clients and communities each and every day. After completing the biggest acquisition in our history, we launched a bold global growth strategy at our 2025 Investor Day that raises the bar for what clients can expect from us. Our momentum is built on a strong strategic foundation that sets us apart. Our business model gives us earnings and risk diversification through economic cycles. We have world-class client franchises with scale in the markets we compete in and best-in-class value propositions for our clients. We have financial strength that comes from a robust balance sheet, strong liquidity, and deep funding capacity to fund future growth. There's our data scale, which powers nearly everything we do, including how we're using artificial intelligence to deliver more value to clients. This data advantage is amplified by our operating and technology scale. We invest over CAD 5 billion in technology annually, which allows us to build the bank of tomorrow while navigating changes today. Finally, there's our brand scale. We're Canada's most valuable brand and one of the top brands globally. This reputation helps us attract and retain clients and makes us a destination for top talent. Of course, strategy just sets the direction. It's execution that drives performance. In 2025, our relentless client focus translated into exceptional results. We generated CAD 20.4 billion in earnings with a return on equity of 16.3%, while returning over CAD 11 billion to shareholders through common dividends and share buybacks. Building on this success, we earned CAD 5.8 billion in the first quarter of 2026, up 13% year-over-year. This was underpinned by an ROE of 17.6% and a robust 13.7% CET1 ratio, putting us on a track to hit the capital efficiency targets we set last year. As you may recall, we increased our through-the-cycle ROE objective in 2025 to 17%+, driven by improved cost efficiencies and revenue productivity. This discipline is at the heart of our investor thesis, and it will continue to guide how we build the bank in the years ahead. Our strong performance reflects how we bring the best of RBC to everything we do. In Canada, we're the leading bank with the number one market share in all key personal and business banking product categories. Our Personal Banking and Commercial Banking businesses are driving deposit growth by delivering more value to clients, deepening existing relationships, and attracting new ones. That's the reason why we've ranked highest in customer satisfaction among the big five banks by J.D. Power for the fifth time in six years. Across our Wealth Management businesses, we've grown assets under administration to record levels, the quality of our advice and the breadth of our investment and wealth planning solutions. Meanwhile, in our Capital Markets businesses, we're driving strong revenue growth across both global markets and investment banking. We're capitalizing on strong client flow as clients increasingly turn to us to navigate market volatility, manage risk, and capture opportunities. We're also deepening those client relationships through new capabilities such as RBC Clear, our U.S. transaction banking platform. We've onboarded over 180 clients and $23 billion in deposits since we launched in 2024 and are well on our way to reaching our $50 billion medium-term target. In short, we're delivering results by staying ahead of what clients need and bringing them unparalleled advice and value they can rely on. Now, let me take a moment here to reflect on our home market. The drive to compete that has helped build RBC into a global leader, competing against the best, maintaining a relentless focus on creating value, investing for the long term, is what Canada needs as a nation right now. The country is at a once-in-a-generation moment, and global investors are signaling that they see Canada as a stable, reliable partner in a volatile world. Foreign direct investment is flowing into the country at levels we haven't seen in nearly two decades. Major projects are emerging in the energy, critical minerals, and defense sectors. I believe Canada can become the world's premier destination for long-term investment, but only if it moves with purpose, urgency, and speed in a race for capital that's never been more intense. Across the globe, countries are building competitive advantages and diversifying their economies by making investments in infrastructure, streamlining regulations, and finding new ways to attract capital. What has made us successful in the past won't necessarily lead to future success. In a world defined by competition, Canada can't rely on past advantages or legacy strengths alone. To succeed, the country must make deliberate long-term choices and investments. Canada has the resources, the people, and the potential to lead in this new era. Let's talk about what it might actually take to do all of that. New RBC research will show that Canada needs CAD 1.8 trillion in capital investment over the next decade to meet its economic potential and finance the country's major projects. The vast majority of this capital must come from the private sector. Government simply cannot and should not fund it alone. As Canada's largest bank based on market capitalization, RBC is financing and investing in the industries that will shape a more resilient Canadian economy. We're planning to bring more of our lending, underwriting, and advisory services to help close Canada's funding gap and support the major projects that will build this country's future. That future is only possible if Canadian innovators and their ideas stay in Canada. I hear from Canadian entrepreneurs who feel they need foreign capital to build at home, and too often that means leaving their home market. It's time to shift that narrative. I'm pleased to share today that RBC intends to launch an initiative to accelerate economic growth in Canada. As part of this, we plan to form and invest in a growth fund and also continue to make direct equity investments in Canadian companies. Our ambition is to deploy up to CAD 1 billion over the coming years to help companies build and scale in Canada. We've already backed homegrown innovators in fields like quantum computing, climate tech, and healthcare. Alongside providing growth capital, we're also hiring key roles and expanding our client offering in sectors of national importance. That includes building out our defense sector practice, expanding our infrastructure and project finance capabilities, including a greater focus on the Far North and Indigenous partnerships, and increasing our ability to help more Canadian companies expand abroad. I look forward to sharing more in the coming months as we help world-class, globally competitive companies thrive at a defining moment for Canada. This isn't just a Canadian story. In the U.S., we're focused on delivering seamless client experiences that bring the full strength of one of the world's strongest banks to our institutional, corporate, commercial, and high-net-worth clients and their businesses. As we continue to integrate across our leading franchise, we will create more opportunities to bring the best of RBC to our U.S. clients. In the U.K. and Europe, we're accelerating growth with the integration of RBC Brewin Dolphin by expanding our capital markets expertise in target areas across the continent. To deliver on RBC's bigger growth and bigger global ambitions, we're also building new capabilities that help businesses manage liquidity, move money, and mitigate risk with confidence. Transaction banking is a $314 billion global market being reshaped right now by shifting trade flows and digital disruption. Our capabilities in cash management, cross-border payments, trade finance, and foreign exchange help our corporate clients and commercial clients operate seamlessly across borders and compete in a global economy. At the same time, generative and agentic AI are opening entirely new frontiers in financial services, and we expect this to be an advantage for us. Earlier this year, we created the AI Group, a new team that supports all our businesses and reports directly to me. Their mission is to partner across RBC to accelerate our AI transformation at scale, amplify the impact of our people, and deliver real value to our clients. We spent the past decade building the foundation, data platforms, exceptional talent, and world-class security. Now we're tapping into that leadership to deliver up to CAD 1 billion in AI-driven enterprise value by 2027. What grounds our strategy is our communities. We know that when the communities around us are thriving, our clients have a better foundation for success. This understanding shapes our approach to sustainability, and it's why RBC is investing in areas where we can make a positive impact. That drive to make a difference is part of who we are, and it's something that I've been proud to be part of since I first started my journey at RBC over 40 years ago. Our extraordinary team contributed a record-breaking CAD 33.6 million in personal donations last year. These donations supported charities in communities around the world, and that shows the impact that we can make together. No matter how RBCers chose to show up, whether it was by supporting local charities or volunteering their time, their efforts are making a meaningful difference. Amazing colleagues across team RBC, I want to thank you for your unwavering commitment to our purpose. For shareholders and clients, thank you again for your trust in RBC. With the dedication of our global team, I am confident we will continue to be an anchor of strength for you and our communities. With that, we're looking forward to taking your questions. Thank you. Thank you, Dave. I will now open the floor for questions and comments. Jessica, are there any questions or comments? There are no questions at this time. That concludes our question and answer period. For anyone with outstanding questions or comments, representatives from RBC are available at the information desk located immediately outside the meeting room and are happy to speak with you. As we reach the end of our time today, I want to express my gratitude to the people who make RBC so exceptional. Firstly, on behalf of the board and our shareholders, I want to recognize the more than 100,000 RBC employees who are the heartbeat of this organization. Their hard work on behalf of clients and communities every day is what brings RBC's success to life. Thank you. We're living through one of the most pivotal and transformative moments of our generation, and I'm grateful for the privilege to work alongside my fellow directors in this moment. Finally, I want to thank Dave and his team. Dave's steady and purpose-driven leadership has been transformational to RBC, and it's why the board is more confident than ever in RBC's future and in its ability to uphold the trusted reputation clients and communities count on. To our shareholders, thank you all for being here with us today. We appreciate your engagement. Ladies and gentlemen, that completes our meeting. I hereby declare the annual meeting terminated.