---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-065058"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T12:48:27.272646+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# United States Brent Oil Fund reports net income of $5.0M for April; NAV per share $26.97

## Summary
- Net income of $5,001,298 for month ended April 30, 2023, driven by $30.95M realized trading gain.
- Net Asset Value dropped to $204.9M from $241.0M, partly due to $41.1M in share redemptions (1.45M shares).
- NAV per share ended at $26.97 on 7.6M outstanding shares.
- Dividend income of $374,738 and interest income of $437,419; total expenses $161,679.
- Unrealized loss on commodity futures of $26.6M partially offset realized gains.

## SEC filing metadata
- accession: 0001104659-23-065058
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000110465923065058/0001104659-23-065058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000110465923065058/tm2315506d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-065058
- JSON: https://secwatch.observer/filing/0001104659-23-065058.json
- Plain text: https://secwatch.observer/filing/0001104659-23-065058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.