secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2024-09-30T23:59:59+00:00
Accession:  0001104659-24-104051
Event type: other_material
Sentiment:  negative
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USL posts $2.5M net loss for Aug; NAV drops to $37.66 from $39.30
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- Net loss of $2,530,272 for month ended Aug 31, 2024.
- Net asset value per share $37.66 (1.5M shares), down $1.64 from prior month.
- Realized trading loss $399,632; unrealized loss $2,313,808 on futures.
- Withdrawals of 50,000 shares reduced NAV by $1,896,835.
- Dividend and interest income of $247,454 only partially offset losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465924104051/0001104659-24-104051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465924104051/tm2424136d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-104051

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