Operator

Hello, and welcome to the Annual Meeting of Unitholders of Chartwell Retirement Residences. Please note that today's meeting is being recorded. [Operator Instructions]

It is now my pleasure to turn today's meeting over to Huw Thomas. Mr. Thomas, the floor is yours.

John Thomas

Thank you, and good afternoon, and welcome to the Annual and Special Meeting of the Unitholders of Chartwell Retirement Residences. My name is Huw Thomas, and I am the Chair of the Board.

2025 was a record year for Chartwell, both strategically and operationally. On behalf of the Board of Directors, I would like to thank every member of the Chartwell staff from the senior leadership team to the employees in the corporate office and all of our homes for their contributions in delivering a strong, operating and financial performance and achieving all of Chartwell's 2025 strategic targets and the core objective of making people's lives better.

Earlier this calendar year, Ann Davis and Jamie Scarlett stepped down from the Board. I wanted to specifically acknowledge their contributions to Chartwell's progress and thank them for their dedication to Chartwell's governance and strategic development during their tenure.

We are pleased to continue to offer a virtual option today for those of you who aren't able to join us here in-person in Mississauga. This format allows all unitholders and proxy holders from any location to attend, participate and vote at the meeting. Guests are also welcome to attend, listen to our meeting and ask questions.

I will set out a few rules now