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:   2024-03-21T23:59:59+00:00
Accession:  0001171200-24-000076
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405513/000117120024000076/0001171200-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405513/000117120024000076/i24086_unl-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-24-000076

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