secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001104659-23-037488
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USL reports monthly net loss of $2.1M; NAV per share $34.19 for Feb 2023
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- Net loss of $2,117,617 for month ended Feb 28, 2023; realized trading loss of $615,150.
- Unrealized loss on commodity futures of $1,700,710; dividend income $60,141; interest income $183,148.
- Net asset value per share $34.19 on 2,350,000 outstanding shares; total NAV $80.3M.
- Additions of $3.44M and withdrawals of $3.40M during the month, net flat.
- Monthly account statement furnished under CFTC Rule 4.22; no change in strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465923037488/0001104659-23-037488-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465923037488/tm239381d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-037488

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer