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:   2023-06-28T23:59:59+00:00
Accession:  0001104659-23-075595
Event type: other
Sentiment:  negative
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USL reports May 2023 net loss of $7.05M, NAV per share $31.14
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- Net loss of $7,048,260 for May 2023; NAV per share declined to $31.14 from $32.78.
- Realized trading loss of $1.10M and unrealized loss of $6.17M on commodity futures.
- Net asset value fell from $75.40M to $71.63M; shares outstanding unchanged at 2.3M.
- Small offset from $274K in dividend and interest income; total expenses $47K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465923075595/0001104659-23-075595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465923075595/tm2318578d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-075595

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