secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Natural Gas Fund, LP (UNL)
CIK:        0001405513
Form:       8-K
Filed at:   2023-12-28T23:59:59+00:00
Accession:  0001104659-23-129965
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405513/000110465923129965/0001104659-23-129965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405513/000110465923129965/tm2332808d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-129965

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