secwatch.observer — SEC 8-K summary
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Issuer:     United States Brent Oil Fund, LP (BNO)
CIK:        0001472494
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001171200-24-000103
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BNO posts $4.1M net loss in 2023, NAV per share down to $27.39
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- Net loss of $4.09M in 2023 vs net income of $82.57M in 2022; net loss per share $0.87.
- Total income (loss) from operations was -$2.32M vs +$85.22M prior year.
- Net asset value per share fell to $27.39 from $28.26; shares outstanding dropped to 4.75M from 8.2M on net redemptions.
- Unrealized loss on open futures contracts of $1.18M vs gain of $15.25M in 2022.
- Cash equivalents and equity in trading accounts decreased to $130.9M from $219.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472494/000117120024000103/0001171200-24-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472494/000117120024000103/i24090_bno-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-24-000103

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