UNL reports 2023 net loss of $13.3M; NAV falls to $8.58 from $17.24

United States 12 Month Natural Gas Fund, LP

Net loss of $13.3M vs net income of $3.6M in 2022; EPS loss of $8.66.
NAV per share dropped 50% to $8.58 at Dec 31, 2023 from $17.24 a year ago.
Realized loss on closed futures of $17.9M vs gain of $12.3M in 2022.
Share count rose to 1.9M from 1.45M; net share issuances added $4.6M.
Net expenses fell to $157K (from $320K) due to $168K expense waiver.

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