United States 12 Month Natural Gas Fund posts $4.1M net loss in Nov; NAV per share drops to $9.58

United States 12 Month Natural Gas Fund, LP

Net loss of $4.12M for month ended Nov 30, 2023; driven by unrealized losses of $3.44M on commodity futures.
NAV per share fell to $9.58 from ~$11.70 at Oct 31; total NAV decreased to $18.2M from $22.8M.
Realized trading loss on commodity futures: $753,746; dividend and interest income totaled $87,368.
Shareholders redeemed 50,000 shares for $499,249 during the month.
Total net expenses after waiver: $15,271; management fees $12,727.

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