BNO reports $16.16M net loss for April 2025; NAV per share drops to $25.85

United States Brent Oil Fund, LP

Net loss of $16,160,178 for month ended April 30, 2025, including $4.98M realized trading loss and $11.39M unrealized loss.
Net asset value per share fell to $25.85 on 2.9M shares from $98.06M total NAV at month start.
Net subscriptions of 50,000 shares added $1.55M; net redemptions of 300,000 shares removed $8.48M.
Dividend income $146,701 and interest income $126,264; total expenses $60,783 (GP management fees $51,355).
Monthly account statement filed under CFTC Rule 4.22; available on fund's website.

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