Arbitrage Wise posted today an update on the SLCapex website about the JT Investment Certificates. To comply with the new LindenLab policy, the JTIC are no longer paying a fix interest rate.
Instead they are now a classical investment company with a target of 0.06L$ monthly dividend per share. I dont exaclty understand why this was a need, as the shares are not exchanged within SecondLife, but the move is smart and bottom line is the same, if not better ;-)
The exact information from Arb can be found here: http://www.slcapex.com/home/story/JTIC/1358
We will now see how things will go on, as today is the day LL will supposedly remove all ATMs from institutions paying interests...
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7 comments:
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