EX-99.1 2 tm2332808d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(753,746)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (3,438,954)
Dividend Income   71,824 
Interest Income   15,544 
ETF Transaction Fees   350 
 Total Income (Loss)  $(4,104,982)
      
Expenses     
General Partner Management Fees  $12,727 
Professional Fees   19,556 
Brokerage Commissions   377 
Directors' Fees and insurance   1,932 
License fees   254 
Total Expenses   34,846 
Expense Waiver   (19,575)
Net Expenses  $15,271 
Net Income (Loss)  $(4,120,253)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/23  $22,815,481 
Withdrawals (50,000 Shares)   (499,249)
Net Income (Loss)   (4,120,253)
      
Net Asset Value End of Month  $18,195,979 
Net Asset Value Per Share (1,900,000 Shares)  $9.58 

 

To the Limited Partners of United States 12 Month Natural Gas Fund, LP:

 

Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended November 30, 2023 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  

Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States 12 Month Natural Gas Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596