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:   2023-12-28T23:59:59+00:00
Accession:  0001104659-23-129960
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USL reports November 2023 monthly net loss of $2.64M; NAV per share $36.86
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- Net loss of $2,642,986 for month ended November 30, 2023, primarily from unrealized loss of $3.1M on futures.
- Net asset value per share $36.86 with 2,050,000 shares outstanding; NAV beginning month $76.39M.
- Realized trading gain of $216,380 offset by $3.1M unrealized loss; dividend and interest income $299,417 total.
- Total expenses $53,823 including $37,430 in management fees; net loss reduced NAV by $2.64M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465923129960/0001104659-23-129960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465923129960/tm2332808d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-129960

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