secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001171200-24-000108
Event type: other_material
Sentiment:  negative
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USL posts net loss of $56,520 in FY2023 vs net income of $38.4M in FY2022
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- Net loss of $56,520 for 2023; net income of $38,362,556 in 2022. Revenue primarily from dividends and interest.
- NAV per share fell to $35.23 from $35.45; shares outstanding dropped from 2.35M to 1.9M.
- Total partners' capital decreased from $83.3M to $66.9M due to net redemptions of 1.05M shares.
- Unrealized loss on open futures contracts improved to ($2.06M) from ($3.13M) at year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000117120024000108/0001171200-24-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000117120024000108/i24095_usl-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-24-000108

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