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For SLReports.net MIF Reaches Amazing 50% Dividend Yield 9 Days Short of a Year...
The Metaverse Investment Fund (MIF), brainchild of long-time SL Investor Shaun Altman, reached a 50% Dividend Yield on January 22, 2009, just nine days short of reaching it's first full year in existance.
Recently some criticism had arisen due to the lengthening of the dividend horizon for MIF from being a once weekly dividend to stretching all the way out to arriving about three times a month, but it is hard to criticize the entire year's worth of performance, which has out performed almost every other single stock and security in the Second Life Financial Markets.
It has been hard for this reporter to know exactly how to catagorize MIF in relation to the Luminos Dividend Rating, as it's original intent was to post dividends weekly, but when SLReports sought out Mr. Altman when the dividend payments originally lengthened, we were informed that dividend payments are made when they are in the best interest of the shareholders, and not put on a regular schedule or payment date.
As such, and because the shorter Dividend Reporting Period that is currently considered for the Luminos Dividend Rating is "Monthly" (as opposed to Quarterly), for now on MIF will be ranked based on this monthly ranking, which qualifies it at this moment for a 5-Star Luminos Dividend Rating, and after the first payment in Febuary, a 6-Star Luminos Dividend Rating, which is the highest rating currently offered, and only applicable to stocks that have consistently paid dividends on their prescribed schedule for over a year.
MIF currently trades at L$1.250575 a share, and has a 6DYA of L$0.0169515.
With the recent acquisition of the XStreetSL network by Linden Lab, it is uncertain how much longer the XSSL Lindex Exchange will remain active, as it currently is a direct competitor to the Linden Lab official Lindex. Also it is uncertain how it's closure would impact currency arbitrage operations carried out by MIF, GDB(ISE), and other firms, since most are quite secretive with their trading strategies. TOP NEWS:
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