secwatch.observer — SEC 8-K summary
======================================

Issuer:     United States Brent Oil Fund, LP (BNO)
CIK:        0001472494
Form:       8-K
Filed at:   2023-12-28T23:59:59+00:00
Accession:  0001104659-23-129969
Event type: other_material
Sentiment:  negative
Materiality: 0.25
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

US Brent Oil Fund reports Nov 2023 net loss of $7.1M; NAV per share drops to $28.72
--------------------------------------------------------------------------------

- Net loss of $7,073,816 for month ended Nov 30, 2023; realized trading loss of $17.3M offset by $9.7M unrealized gain.
- NAV declined from $165.6M to $145.0M; net redemptions of 450,000 shares accounted for $13.5M of the decrease.
- NAV per share fell from $30.10 to $28.72; 5,050,000 shares outstanding at month end.
- Dividend income of $413,071 and interest income of $214,875; total expenses of $131,852.
- Fund had net share redemptions of 450,000 shares (200,000 additions, 650,000 withdrawals).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472494/000110465923129969/0001104659-23-129969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472494/000110465923129969/tm2332808d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-129969

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