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:   2024-03-28T23:59:59+00:00
Accession:  0001104659-24-040252
Event type: other_material
Sentiment:  negative
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UNL reports net loss of $1.1M for Feb 2024; NAV per share falls to $8.10
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- Net loss of $1,103,123 for month ended Feb 29, 2024, driven by $3.6M realized trading loss.
- NAV decreased from $23.9M to $16.2M; NAV per share $8.10 on 2.0M shares.
- Share redemptions of 1,000,000 shares ($7.7M) exceeded additions of 150,000 shares ($1.2M).
- Unrealized gain on commodity futures was $2.4M, partially offsetting realized losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405513/000110465924040252/0001104659-24-040252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405513/000110465924040252/tm248771d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-040252

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