Helios Fairfax Partners Corporation (FFXXF) Earnings Call Transcript & Summary

Good morning, and welcome to Helios Fairfax Partners Annual Shareholders Meeting. I'm Ken Costa, Chairman of Helios Fairfax Partners, and I will act as Chairman of this meeting. We'd like to welcome our shareholders and other guests in attendance today. We are holding this annual shareholders meeting in a virtual format in order that all our shareholders have the same opportunities to participate and vote regardless of their geographic location. We'll now proceed with the formal portion of today's meeting. I shall ask Julia Gray, our Corporate Secretary, to act as Secretary of the meeting. I shall also appoint Shirley Tom of Computershare Trust Company of Canada to act as scrutineer and to compute the votes of any polls taken at this meeting and to report thereon to me as Chairman. I can report that as a result of reviewing an affidavit of mailing and a preliminary report of the scrutineers, I am satisfied that notice of this meeting has been duly given that a quorum is present and that this meeting is, therefore, properly called and constituted. As this is a virtual meeting, instructions on how to ask questions and the voting procedure will appear on your screens. As with any technology, unexpected glitches may occur, but our service providers for this platform at Lumi are very experienced at running this type of meeting and they will help us out. Many shareholders submitted their votes before the meeting. Thank you. If you've already voted in advance of the meeting and you do not wish to change your vote, no further action is required. If you are not a registered shareholder or a proxy holder and have joined us as a guest, you will not be able to vote, but you will be able to submit questions during the Q&A session. We will conduct the votes on matters before us by voting online. We will be concluding on the motions at the end of the meeting once we have been through all the agenda items. The online voting will now be opened for all resolutions at this time. I announced that the minutes of the previous Annual Shareholders Meeting held on May 11, 2023, are available for inspection upon request to our Corporate Secretary. As well, I now formally place before the meeting, the annual report of the corporation for the year ended December 31, 2023, which includes the corporation's financial statements for the fiscal years ended December 31, 2023, and 2022, and the report of the auditor PricewaterhouseCoopers LLP on the 2023 statements. I'll now move directly to the election of directors and invite a nomination for directors.

I'm Luciana Germinario, and I nominate as directors of the corporation for the ensuing year: Kofi Adjepong-Boateng, Ken Costa, Katherine Cunningham, General Romeo Dallaire, Christopher Hodgson, Tope Lawani, Quinn McLean, Sahar Nasr, Babatunde Soyoye, and Masai Ujiri.

I second the motion.

As no other nominations for directors have been received and as the number of directors nominated is exactly the number to be elected, I confirm that those 10 nominees are proposed for election of directors of the corporation. Would shareholders please enter their votes now? [Voting]

I now invite a resolution regarding the appointment of an auditor.

I am Julia Gray, and I move that PricewaterhouseCoopers LLP be appointed as the auditor of the corporation to hold office until the next annual meeting.

I second the motion.

Would shareholders, please enter their votes now? If you've not already voted online, please complete the electronic ballot on Lumi. We will give you one more minute. [Voting]

Mr. Chairman, the online voting is now complete, and the polls are closed.

I've been advised by the scrutineer that the ballots and proxies deposited for the meeting have now been voted. The scrutineer has provided its preliminary report of voting. I can confirm that each of the nominated directors has been appointed as directors of the corporation to hold office until the next annual meeting. In addition, I confirm that PricewaterhouseCoopers LLP has been appointed as auditor of the corporation to hold office until the next annual meeting. We will file this report on SEDAR, setting out the voting results following the meeting. I'd now invite a motion for termination.

I move that this meeting be terminated.

I second the motion.

I declare the meeting terminated. We would now be pleased to answer questions from shareholders and guests who wish to address the meeting. We'll be taking questions through the virtual meeting platform. For each online question we answer, I will read out the question as well as the name of the person who asked the question. We'd like to remind you that questions which were already answered or that are repetitive will not be answered. If we don't have the opportunity to answer your question, we'll do our best to follow up after the meeting. Are there any questions? There are no questions that have been recorded. And on behalf of the Board of Directors, I wish to thank you all our shareholders and guests for attending today's Annual Shareholder Meeting. We're excited about the year to come, and we look forward to discussing it with you at next year's annual meeting. Thank you.