Quote from: Rannasha on February 05, 2014, 07:51:14 AM

Quote from: redmetal on February 05, 2014, 07:33:58 AM

Quote from: jimmothy on February 05, 2014, 07:28:19 AM

Quote from: redmetal on February 05, 2014, 07:27:27 AM

Hey Hey, a nice 19.49% difficulty rise should make a dividend for sell of around 0.02

I calculated 0.0436

You need to remove the % in fees that twentyseventy is taking & daily divs already paid

0.00114617 *200 = 0.229234
new rate is
0.0009592 *200 = 0.19184

Remaining is 0.0305 minus already paid divs gives 0.0248 ish

The fund IPOed at 210 days of MINE dividend, so this calculation is not accurate.

In the last report, the funds NAV/U was 0.23823015. After that, another dividend was paid last night, reducing the NAV/U to 0.23708398. 200 days of dividends at the new difficulty is 0.191849. So if the SELL dividend is paid before the next MINE dividend, it will be 0.0452348. If it is paid after the next MINE dividend, it will be 0.0442756.

Of course, the NAV/U may be slightly higher due to new sales of EXCH as there are now 662 units outstanding compared to 617 in the last report.

Just wanted to be clear that the NAV/U reported yesterday was post dividends, so the difference between yesterday's NAV/U and today's (before both SELL and MINE dividends) will only be affected by new sales of EXCH. I'm working up the report for today now, but I will take down the EXCH ask at 1130AM ET to generate the final report and schedule the dividends.

Important Note

Some of you may not have traded in DMS, so you may be unfamiliar with how the value of these securities changes when SELL dividends are paid. Since the dividends paid to SELL are excess capital, the value of SELL drops by exactly that amount.

The market has settled somewhat on a stable value for SELL, and the value is always dependent on what the market thinks, but this value is decreased as soon as those dividends are paid to SELL.

For this reason, DO NOT leave bids up on SELL. I don't have a function to clear the order books, so those with bids left up will be at the mercy of the market.

EDIT: I also wanted to add that the New NAV/U is calculated, the SELL dividend is then calculated, and finally the new Period 2 Day 1 Dividend is paid. The New Period's first Dividend is not factored into the New NAV/U, as it is the first dividend of the new 200 Day Reserve.