Item - 2026.EX33.4

 The Executive Committee recommends that:

1. City Council treat that portion of the City Council meeting at which these recommendations are considered as the Annual General Meeting of the Shareholder for Toronto Seniors Housing Corporation, and:

a. receive the Board-approved "Toronto Seniors Housing Corporation 2025 Annual Report" forming Attachment 2 to the letter (June 22, 2026) from the Chief Executive Officer, Toronto Seniors Housing Corporation;

b. receive the Board-approved "Toronto Seniors Housing Corporation 2025 Audited Financial Statements" forming Attachment 3 to the letter (June 22, 2026) from the Chief Executive Officer, Toronto Seniors Housing Corporation;

c. appoint KPMG LLP as the Auditor of Toronto Seniors Housing Corporation for the fiscal year 2026, and authorize the Board of Directors of Toronto Seniors Housing Corporation to set the fee of the Auditor, as recommended by the Board; and

d. receive the Toronto Seniors Housing Corporation's 2025 executive compensation disclosure forming Attachment 1 to the Board Report attached as Attachment 1 to the letter (June 22, 2026) from the Chief Executive Officer, Toronto Seniors Housing Corporation.

2. City Council receive the Financial Impact section regarding known and anticipated financial outlooks and impacts (current and future years) for Toronto Seniors Housing Corporation, forming Attachment 2 to the Board Report attached as Attachment 1 to the letter (June 22, 2026) from the Chief Executive Officer, Toronto Seniors Housing Corporation.

We are pleased to submit the enclosed materials in support of the Toronto Seniors Housing Corporation Annual General Meeting and 2025 Audited Financial Statements reporting to the City of Toronto and City Council as per the requirements of the Shareholder Direction.

The materials from the adopted recommendations are attached to this transmittal letter for consideration by City Council.  As part of the package, the 2025 Annual Report provides information about Toronto Seniors Housing Corporation’s performance and summarizes progress made on key initiatives that the organization undertook throughout 2025 towards achieving its priorities.  The Annual Report also provides information for different stakeholders including tenants, staff, partners and the City of Toronto.  Toronto Seniors Housing continued to thrive in 2025, embracing and  further building on the Integrated Service Model. We continue to create safe, diverse and vibrant communities for tenants while providing housing stability and access to supports so tenants can continue to age at home.