Hello and welcome to the Annual General Meeting of Shareholders of Telesat Corporation. Please note that today's meeting is being recorded. For purposes of information use, please disclose personal information. We will begin to consider the recording, transcript, and use of screen. If you disclose personal information on another person at today's meeting, you will begin to represent and warrant to Computershare. Telesat Corporation took the first of their authorized consent for the disclosure, recording, transferring substantial personal information from all of the state persons before your disclosure. It is now my pleasure to turn this meeting over to the meeting Chair. The meeting Chair, the floor is yours. Okay, thank you, Operator. Ladies and gentlemen, welcome to the Annual General Meeting of Shareholders of Telesat Corporation. My name is Dan Goldberg, and as the Chief Executive Officer and the director of the Corporation, it is my pleasure to chair today's meeting. On behalf of the board, I wish to express our thanks to those shareholders and unit holders who submitted their proxies and voting instruction forms in advance of today's meeting. As this meeting is being held virtually via live webcast, we think it's necessary to set out a few rules for the orderly conduct of the meeting, which I'll ask our General Counsel, Christy DiFrancesco, to review. Questions in respect of a motion to be submitted by a registered shareholder or a duly appointed proxy holder are using the Q&A option on the Computershare virtual platform. When asking a question, please indicate your name, which entity you represent, if any, and confirm you are a registered shareholder or a duly appointed proxy holder. For the purposes of the meeting today, voting on all matters will be conducted by a single electronic ballot. Registered shareholders and duly appointed proxy holders will be able to vote on each business item throughout the course of the meeting, as the polls will be opened at the start of the meeting. Only registered shareholders and duly appointed proxy holders of the corporation are permitted to participate in the voting. The discussion today during the meeting may contain certain forward-looking information and forward-looking statements about Telesat's outlook, objectives, and our strategies to achieve them. These statements are based on assumptions that are subject to important risks and uncertainties. The corporation's actual results could differ materially from any expectations discussed. The details of our caution regarding forward-looking statements can be found in Telesat's public disclosures, including our annual report, which is available on SEDAR+ at sedarplus.ca and EDGAR at sec.gov. We would also note that under the corporation's articles and the British Columbia Business Corporations Act, the chair of the meeting can propose motions, and no motion proposed at a meeting by shareholders is required to be seconded. In order to expedite the meeting, the chair will propose certain motions and will not call for a seconder. Okay, thank you, Chris. Dan again here as Chair. We now call to order the Annual General Meeting of the corporation's shareholders. With the consent of the meeting, I appoint Christy DiFrancesco as Secretary of the Meeting. Let's see. With the consent of the meeting, I appoint Rubina Naidoo from Computershare Trust Company of Canada as scrutineer to report on the number of Class A common shares, Class B variable voting shares, Class C fully voting shares, and Class C limited voting shares of the corporation at this meeting. The number of Class A Units, Class B Units, and Class C Units of Telesat Partnership, LP entitled to vote at this meeting via the Special Voting Shares, as well as any votes that will be cast per the Golden Share, and to tabulate the votes on any ballot taken at this meeting, and to report thereon to the chairperson of the meeting. Thank you, Chris. The scrutineer has provided me with a copy of their report, which indicates that shareholders of the corporation or duly appointed proxy holders representing not less than a majority of the votes entitled to be cast at the meeting are in attendance to permit the meeting to proceed in accordance with the quorum requirements of the corporation's articles. A copy of the final report on attendance will be filed with the records of the meeting. I've also been provided with the certificate of our transfer agent, Computershare, indicating that proper notice of the meeting has been given in accordance with the British Columbia Business Corporations Act and the articles of the corporation. Accordingly, unless there is an objection, I'll dispense with the reading of the notice of the meeting. I've directed a copy of the notice with proof of mailing be kept by the secretary with the records of the meeting. The purposes of today's meeting are set out in the Management Information Circular dated April 24th, 2025, copies of which were made available to shareholders and unit holders on May 6th, 2025, together with the notice of meeting in the form of proxy. Copies of the Management Information Circular and other meeting materials are available on the corporation's website and under the corporation's profile on the SEDAR+ website, as well as on the EDGAR website. The Management Information Circular and other meeting material are also available on Telesat Partnership's profile on the SEDAR+ website. Before moving to the formal agenda for today's meeting, we'd like to direct you to consult the Management Information Circular or our annual report, both of which are available on SEDAR+ website and on the EDGAR website for more information on the special voting shares, the Golden Share, the voting trust agreement, and the Canadian character of Telesat. In order to remain Canadian-controlled, the corporation's articles include a Golden Share. The Golden Share is held by the trustees entitled to be voted at meetings of the corporation's shareholders when the aggregate number of Class B Variable Voting Shares and Class B Partnership Units, which are held by non-Canadians, exceeds the number of Class A Common Shares, Class A Units, Class C Shares, and Class C Units, which may only be held by Canadians. In order to properly track the number of Canadians and non-Canadians voting at today's meeting, the Canadian status declaration was included in each proxy and voting information form distributed to shareholders. The transfer agent of the corporation, Computershare, is entitling the Canadian status declarations to ensure votes are properly recorded under the appropriate class of share or unit. We will not know until all votes are cast and tallied by the scrutineer whether the Golden Share is required to vote at this meeting. If the Golden Share is required to vote, the Golden Share will be attributed with only that number of votes necessary to ensure that the aggregate votes cast by the holders of Class A common shares, Class A special voting shares, Class C shares, and Class C special voting shares, each of which can only be held by Canadians, represent a simple majority of the votes cast at the meeting. With respect to the timing of the voting, registered shareholders, holders of partnership units, and duly appointed proxy holders are able to vote on each business item throughout the course of the meeting. At the conclusion of the voting today, the scrutineer will compile the votes in respect to each business item. As noted earlier, to further expedite the formal part of the meeting, the Chair will move all motions, and no motions will need to be seconded. Okay, thank you, Chris. I now declare that this meeting is regularly called and properly constituted for the transaction of business. The first item of business is the presentation of the corporation's consolidated financial results for the financial year ended December 31, 2024, and the auditor's report thereon. These financial statements and the auditor's report were made available to shareholders via SEDAR+ and EDGAR on March 27, 2025, and in connection to the mailing of the meeting materials. Unless there is an objection, I'll dispense with the reading of the auditor's report. So now I'll move to the next point on today's agenda, the election of 10 individuals to the board of directors of the corporation. The term of office of the directors is from today until the next annual meeting of shareholders or until such time as their successors have been duly elected or appointed. As per the Management Information Circular, Michael Boychuk, Jane Craighead, Richard Fadden, myself, Daniel Goldberg, Henry Intven, David Moran, Mark Rachesky, Guthrie Stewart, Michael Targoff, and Janet Young have each been nominated as a director for the ensuing year until their respective successor is elected or appointed. I note that pursuant to investor rights agreements entered into with the corporation, Michael Boychuk, David Moran, and Guthrie Stewart are director designees of PSP Investments, and Mark Rachesky, Michael Targoff, and Janet Young are director designees of MHR Fund Management. Each of the persons nominated has been confirmed that he or she is prepared to serve as a director, and each of them currently serves as a director of the corporation. Each of them qualifies as a director under the provisions of the British Columbia Business Corporations Act and the corporation's articles. The corporation did not receive notice of any direct nominations in connection with the meeting in accordance with the advance notice provisions in the corporation's articles. Accordingly, the only persons eligible to be nominated for election to the board of directors of the corporation are the nominees listed in the Management Information Circular. Since there are no other nominations, I move a motion to elect the directors. The motion is now on the floor. The British Columbia Business Corporations Act requires that the board of directors be elected. Proxies have been solicited for each of the 10 proposed qualified persons listed in the Management Information Circular. The form of proxy for voting on the election of directors sets out each proposed nominee separately and allows shareholders to vote for each director individually. Is there any discussion on the motion? Okay, seeing none. As mentioned at the beginning of this meeting, voting today will be conducted by a single electronic ballot that is available for voting throughout the course of the meeting. We will therefore continue with the next item of business, which is the appointment of the corporation's auditors for the ensuing year and to authorize the directors of the corporation to fix the remuneration of the auditors. The audit committee of the board has approved, subject to shareholder confirmation, the appointment of Deloitte LLP Chartered Professional Accountants as the auditors of the corporation. I move that Deloitte LLP Chartered Professional Accountants be appointed auditors of the corporation until the next annual meeting of shareholders and that the board of directors be authorized to fix their remuneration. The motion is now on the floor. Unless there are any questions or discussions, we will move to complete voting on the items of business at the meeting. If you haven't done so already, please register your votes by accessing the voting page when prompted and pressing on the for or withhold buttons next to the name of each proposed director and next to the resolution with respect to the appointment of Deloitte as the corporation's auditors. Please also complete the Canadian residency declaration in connection with casting your votes. Once the electronic balloting closes, the voting page will disappear and your votes will automatically be submitted. We will provide registered shareholders and duly appointed proxy holders approximately five minutes to complete the electronic ballots. Once voting is completed, I'd ask the scrutineer to compile the report regarding the results of voting on all business matters. As I mentioned earlier, the scrutineer's report will have considered and will reflect the votes cast by the TSX Trust Company in its capacity as trustee of the Telesat Corporation Trust and registered holder of the Class A special voting share, the Class B special voting share, the Class C special voting share, and the Golden Share. We will reconvene in a few moments with the voting results. Okay, thank you for waiting. I've received confirmation from the scrutineer that each of the 10 nominees have been elected as directors of the corporation to serve until the next annual meeting of shareholders or until their successors are elected or appointed, and two, the appointment of Deloitte LLP Chartered Professional Accountants as the auditors of the corporation has been approved, and the board of directors of the corporation has been authorized to fix their remuneration. I direct that the results of the poll for the election of the directors be included in the minutes of this meeting, announced in a press release in accordance with the policies of the TSX, compiled on SEDAR+, and reported pursuant to applicable securities laws. Is there any other formal business to be properly brought before this meeting? Okay. If there is no further business to be brought before this meeting, I move that today's meeting be concluded. On behalf of management, the board of directors, and our employees, I'd like to take the opportunity to thank everyone for attending the meeting today. I'd also like to thank all of our shareholders for their commitment and continued support. We look forward to your attendance again next year. Thank you. This concludes the meeting. You may now disconnect.