UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. Other Events
On April 22, 2020, a press release was issued announcing a one-for-eight reverse split of the shares of the United States Oil Fund, LP (the “Registrant”). The reverse share split will take place at the close of trading on April 28, 2020 and will be effective on April 29, 2020. The reverse share split will increase the price per share of the Registrant with a proportionate decrease in the number of shares outstanding. As a result of the reverse share split, every eight pre-split shares will result in the receipt of one post-split share, which will be priced eight times higher than the net asset value of a pre-split share. Shareholders of the Registrant otherwise entitled to fractional shares as a result of the reverse share split will receive cash in lieu of such fractional shares. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 8.01.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number Description
99.1 Press release dated April 22, 2020
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UNITED STATES OIL FUND, LP | ||
By: | United States Commodity Funds LLC, its general partner | |
Date: April 22, 2020 | By: | /s/ John Love |
Name: John P. Love | ||
Title: President (Principal Executive Officer) |