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

Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001104659-24-076098
Event type: other_material
Sentiment:  negative
Materiality: 0.20
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USL reports May 2024 net loss of $2.2M; NAV per share falls to $38.80
---------------------------------------------------------------------

- Net loss of $2,199,228 for May 2024; realized gain $534K offset by unrealized loss $2.95M.
- NAV end of month $62.07M, down from $64.27M; NAV per share $38.80 (1.6M shares outstanding).
- Dividend income $86,870; interest income $179,865; total income loss of $2.15M.
- Expenses: GP mgmt fees $31,782, other fees $16,661; total expenses $48,443.
- Filing is routine monthly CFTC Rule 4.22 statement; no material events to report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465924076098/0001104659-24-076098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465924076098/tm2417367d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-076098

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