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:   2025-03-26T23:59:59+00:00
Accession:  0001171200-25-000125
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UNL reports $1.2M net loss for 2024; NAV per share falls to $8.12
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- Net loss of $1.22M ($0.46 per share) for 2024, compared to net loss of $13.28M ($8.66 per share) in 2023 and net income of $3.63M in 2022.
- NAV per share declined to $8.12 at Dec 31, 2024 from $8.58 a year earlier; outstanding shares increased to 2.3M from 1.9M.
- Realized loss on closed futures contracts narrowed to $7.41M from $17.94M in 2023; unrealized gain on open contracts was $5.57M vs $3.97M in 2023.
- Net proceeds from share issuances were $21.72M and redemptions $18.12M, resulting in net capital inflow of $3.60M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405513/000117120025000125/0001171200-25-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405513/000117120025000125/i25118_unl-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-25-000125

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