USCF reports audited GP financials: cash down 68%, equity down 40%; legal contingencies noted

United States 12 Month Natural Gas Fund, LP

Cash and cash equivalents fell to $2.63M at Dec 31, 2023 from $8.23M a year earlier; total assets $8.69M vs $13.26M.
Member's equity decreased to $6.22M from $10.42M; investments at fair value rose to $3.79M from $2.54M.
Optimum Strategies lawsuit against USO and USCF dismissed with prejudice in March 2023; no appeal filed.
Note 5 references an SEC settlement but details are truncated in filing; outcome and financial impact unknown.
USCF serves as GP for eight publicly-traded funds including UNL (the registrant), USO, UNG, USCI, and others.

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