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:   2025-03-24T23:59:59+00:00
Accession:  0001171200-25-000102
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USCF GP audited financials: member equity $5.3M at Dec 2024, down 15%; UNL fee waiver terminated May 2024
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- Cash and equivalents $2.27M (2023: $2.63M); investments $2.33M (2023: $3.79M).
- Total assets $7.13M (2023: $8.69M); member's equity $5.28M (2023: $6.22M).
- UNL management fee reduced from 0.75% to 0.60% effective May 1, 2024; expense waiver terminated.
- Income taxes payable $0.63M (2023: $1.28M); operating lease extended through March 2028.
- Optimum Strategies Action (April 2022) pending against USO and USCF; outcome uncertain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405513/000117120025000102/0001171200-25-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405513/000117120025000102/i25111_unl-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-25-000102

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