Thank you for this proposal. I think it makes great use of the community treasury, as it will reinforce Goldfinch’s commitment to minimize losses incurred by senior pool participants.
As everyone is able to observe, the senior pool position is trading in liquid markets at a significant discount, which can be attributed to the opportunity cost of its illiquidity, but probably also to the lack of confidence most investors have in the ability of Goldfinch’s borrowers to reimburse their principal. We have seen a steep increase in the discount to NAV of FIDU on liquid markets since the announcement of the Tugende loan default.
I, therefore, support this proposal that will reinforce the confidence of investors and demonstrate Goldfinch’s commitment to its mission.