EX-99.1 2 tm248771d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Natural Gas Fund, LP

Monthly Account Statement

For the Month Ended February 29, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(3,577,033)
Unrealized Gain (Loss) on Market Value of Commodity Futures   2,411,543 
Dividend Income   45,514 
Interest Income   28,833 
ETF Transaction Fees   1,050 
Total Income (Loss)  $(1,090,093)
      
Expenses     
General Partner Management Fees  $10,859 
Professional Fees   18,905 
Brokerage Commissions   1,346 
Directors' Fees and insurance   1,800 
License fees   217 
Total Expenses   33,127 
Expense Waiver   (20,097)
Net Expenses  $13,030 
Net Income (Loss)  $(1,103,123)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/24  $23,875,018 
Additions (150,000 Shares)   1,174,285 
Withdrawals (1,000,000 Shares)   (7,745,413)
Net Income (Loss)   (1,103,123)
      
Net Asset Value End of Month  $16,200,767 
Net Asset Value Per Share (2,000,000 Shares)  $8.10 

 

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 February 29, 2024 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