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:   2025-06-27T23:59:59+00:00
Accession:  0001104659-25-063391
Event type: other_material
Sentiment:  negative
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UNL reports net loss of $282K for May 2025; NAV per share falls to $8.70
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- Net loss of $281,820 for month ended May 31, 2025, driven by $407,953 unrealized loss on commodity futures.
- Realized trading gain of $103,632 partially offset unrealized losses; total income (loss) of ($259,979).
- Total expenses $21,841 (management fees $6,339, professional fees $14,453, brokerage $187, other $862).
- Ending net asset value $11,751,663 vs. $12,033,483 start-of-month; NAV per share $8.70 on 1.35M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405513/000110465925063391/0001104659-25-063391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405513/000110465925063391/tm2517979d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-063391

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