UNL reports Nov 2025 monthly NAV of $8.27/share; net income $424K on $447K total income

United States 12 Month Natural Gas Fund, LP

Net income of $424,330 for month ended Nov 30, 2025; total income $447,766, expenses $23,436.
NAV per share at month-end was $8.27 on 2.35M shares; total NAV $19.44M.
Fund added 450,000 shares during month, raising $3.75M in new capital.
Realized trading gain $155,650; unrealized gain $235,939 from commodity futures.

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