other material
confidence high
sentiment neutral
materiality 0.25
BNO October 2024 net income $7M; NAV down to $134.7M on net redemptions
United States Brent Oil Fund, LP
- Net income of $7.0M from $5.2M realized trading gains and $1.3M unrealized gains.
- Net asset value decreased from $216.3M to $134.7M due to net redemptions of $88.7M.
- NAV per share $28.97 on 4.65M shares outstanding; net outflow of 3.0M shares.
- Expenses $159K, including $110.8K management fees; dividend and interest income $701.5K.
- Monthly account statement furnished per CFTC Rule 4.22; no forward-looking guidance.