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2026-07-14 - Retained Earnings and Yield Restart Proposal - 88 Madison Ave, Albany, NY 12202.docx

Generated 2026-07-15T18:19:12.115766+00:00 from live Dropbox Public folders.

Description

88 Madison Ave DAO Governance Proposal - Reconciled Retained Earnings and Yield Restart Property: 88 Madison Ave, Albany, NY 12202 Lofty asset: LFTY0314 / ASA 1283150379 Calculation date: July 14, 2026 Status: Draft for property-DAO review and vote Purpose Approve the reconciled 2026 retained-earnings balance, confirm that no ECO Systems principal remains outstanding as of the cutoff, and authorize yield distributions to resume from future distributable cash after ordinary property obligations a

Extracted Content

88 Madison Ave DAO Governance Proposal - Reconciled Retained Earnings and Yield Restart Property: 88 Madison Ave, Albany, NY 12202 Lofty asset: LFTY0314 / ASA 1283150379 Calculation date: July 14, 2026 Status: Draft for property-DAO review and vote Purpose Approve the reconciled 2026 retained-earnings balance, confirm that no ECO Systems principal remains outstanding as of the cutoff, and authorize yield distributions to resume from future distributable cash after ordinary property obligations and the approved operating reserve are funded. Reconciled Position Metric Amount / Value Reconciliation cutoff 2026-07-14 Accounting retained earnings; no approved interest $1,034.31 Accounting ECO principal $0.00 Hypothetical retroactive 12% carrying charge $24.38 Retained earnings after hypothetical charge $1,009.93 Equity or EARLDAO conversion required now No The 12% amount is a counterfactual only. No governance approval or executed EARLDAO note currently authorizes a retroactive carrying charge. The accounting balance therefore remains $1,034.31 unless voters expressly choose the interest-adjusted option. Accounting Basis Completed months January through June 2026 close to $0.00 in ECO G