424B3 1 ps200902mrt.txt MONTHLY REPORT - FEBRUARY 2009 Providence Select Fund, LP The net asset value of a unit as of February 28, 2009 was $ 780.17, down 0.7% from $ 785.87 per unit as of January 31, 2009. STATEMENT OF CHANGES IN NET ASSET VALUE Current Period Year to Date Net Asset Value (2,101.451 units)at $ 1,651,463.01 1,789,191.21 January 31, 2009 Addition of 25.452 units on February 1, 20,001.81 45,002.84 2009 Redemption of 176.593 units on February 28, (137,772.55) (235,328.87) 2009 Net Income (Loss) (12,123.74) (77,296.65) --------------- --------------- Ending Net Asset Value (1,950.310 units) $ 1,521,568.53 1,521,568.53 on February 28, 2009 =============== =============== Net Asset Value per Unit at February 28, 2009 $ 780.17 STATEMENT OF INCOME AND EXPENSE Income: Gain (loss) on trading of commodity futures: Realized gain (loss) on $ (43,935.18) (71,546.34) closed contracts Change in unrealized gain (loss) on open 66,242.13 61,284.25 contracts Interest income 102.86 382.88 --------------- --------------- Total: Income 22,409.81 (9,879.21) Expenses: Brokerage commissions 9,106.40 19,126.91 Operating expenses 8,652.56 14,881.10 Incentive fee 0.00 0.00 Management fee 0.00 0.00 Continuing service fee 5,328.11 10,516.47 Organizational & offering expenses 11,446.48 22,892.96 --------------- --------------- Total: Expenses 34,533.55 67,417.44 =============== =============== Net Income (Loss) - February 2009 $ (12,123.74) (77,296.65) To the best of my knowledge and belief, the information contained herein is accurate and complete. /s/ Michael P. Pacult Michael P. Pacult, President White Oak Financial Services. Inc. General Partner Providence Select Fund. LP