Can someone explain me what's an easy calculation I can make to see when the next dividend of B.SELL will be paid?
Many thanks
Many thanks
Sorry, I have bad news for you and many others.
I think B.SELL would receive no further dividends, because the future is this: "BDD End-Game via Decrease".
For that reason I sold all my B.SELL some weeks ago
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BDD End-Game via Decrease
The second possibility is that Difficulty stagnates or decreases and the fund Reserve is deficient (no longer holds 200 days of dividends at current Difficulty). In this scenario, B.MINE will continue to receive daily dividends until the funds capital is exhausted. If the difficulty continued to decrease or stagnate, B.SELL would receive no further dividends and all B.SELL contracts would be bought back (forced) for no value after the funds capital is exhausted (as all funds would have been paid out to B.MINE).
In cases of changes between increase and decrease/stagnation in Difficulty, the funds Reserve will be the determining factor as to whether B.SELL receives any dividends. There must be in excess of 200 days worth of current B.MINE dividends for B.SELL to receive a dividend.
...
Will there always be a SELL Dividend Issued if the Difficulty increase?
No, and here is why:
BDD End-Game via Decrease
The second possibility is that Difficulty stagnates or decreases and the fund Reserve is deficient (no longer holds 200 days of dividends at current Difficulty). In this scenario, B.MINE will continue to receive daily dividends until the funds capital is exhausted. If the difficulty continued to decrease or stagnate, B.SELL would receive no further dividends and all B.SELL contracts would be bought back (forced) for no value after the funds capital is exhausted (as all funds would have been paid out to B.MINE).
In cases of changes between increase and decrease/stagnation in Difficulty, the funds Reserve will be the determining factor as to whether B.SELL receives any dividends. There must be in excess of 200 days worth of current B.MINE dividends for B.SELL to receive a dividend.
...
Will there always be a SELL Dividend Issued if the Difficulty increase?
No, and here is why:
I think this is a good time to remind everyone (or make aware to those that haven't done the math) that the Difficulty needs to increase around 6.5% in order for there to be a SELL dividend issued. I say 'around' since it will be somewhat less if there are significant sales of EXCH, which increase the NAV/U.
This is because the Period is started with 200 Days of Dividends and .5% is paid out each day in dividends to MINE (1 Day / 200 Days = .5%). So, at the end of a 10-Day Period, there are only 190 days of dividends remaining at that ending Period's Difficulty.
If there is a Difficulty increase of greater than about 6.5%, then the necessary Reserve of 200 day of dividends has decreased enough to make this a non-issue. If the Difficulty has increased at less than that approximate rate (or stayed the same, or decreased), then the required Reserve is higher than the actual Reserve and there will be no SELL dividend.
TL;DR It's possible that there could be a Difficulty Increase, but no dividends will be issued to SELL for that Period due to the paid Dividends outstripping the decrease brought on by the small Difficulty Increase.
But you really should be reading the whole explanation.
This is because the Period is started with 200 Days of Dividends and .5% is paid out each day in dividends to MINE (1 Day / 200 Days = .5%). So, at the end of a 10-Day Period, there are only 190 days of dividends remaining at that ending Period's Difficulty.
If there is a Difficulty increase of greater than about 6.5%, then the necessary Reserve of 200 day of dividends has decreased enough to make this a non-issue. If the Difficulty has increased at less than that approximate rate (or stayed the same, or decreased), then the required Reserve is higher than the actual Reserve and there will be no SELL dividend.
TL;DR It's possible that there could be a Difficulty Increase, but no dividends will be issued to SELL for that Period due to the paid Dividends outstripping the decrease brought on by the small Difficulty Increase.
But you really should be reading the whole explanation.