UNG reports net income of $21.8M for January; NAV falls to $743M on net redemptions

United States Natural Gas Fund, LP

Net income of $21.8M for month ended Jan 31, 2024; realized futures gains of $105.4M offset by unrealized losses of $127.6M.
NAV declined from $973.9M to $743.4M, driven by net redemptions of 9.6M shares totaling $252.3M.
NAV per share at month-end: $19.44, based on 38.2M shares outstanding.
Total expenses for month: $810K, including management fees of $449.8K.
Monthly account statement furnished under CFTC Rule 4.22; routine disclosure.

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