0001144204-16-125513.txt : 20160927 0001144204-16-125513.hdr.sgml : 20160927 20160927145207 ACCESSION NUMBER: 0001144204-16-125513 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160927 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160927 DATE AS OF CHANGE: 20160927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: United States Brent Oil Fund, LP CENTRAL INDEX KEY: 0001472494 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 270925904 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34704 FILM NUMBER: 161904243 BUSINESS ADDRESS: STREET 1: 1999 HARRISON STREET STREET 2: SUITE 1530 CITY: OAKLAND STATE: CA ZIP: 94612 BUSINESS PHONE: (510) 522-9600 MAIL ADDRESS: STREET 1: 1999 HARRISON STREET STREET 2: SUITE 1530 CITY: OAKLAND STATE: CA ZIP: 94612 8-K 1 v449274_8k.htm FORM 8-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 27, 2016

 

 

UNITED STATES BRENT OIL FUND, LP

  
  (Exact name of registrant as specified in its charter)  


Delaware


001-34704


27-0925904

(State or other jurisdiction
of incorporation)		 (Commission File Number) (I.R.S. Employer
Identification No.)



 

 

1999 Harrison Street, Suite 1530
Oakland, California 94612 

  
(510) 522-9600 (Address of principal executive offices) (Zip Code)  
Registrant’s telephone number,
including area code		    
     
  Not Applicable  
  (Former name or former address, if changed since last report)  

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On September 27, 2016, United States Brent Oil Fund, LP (the “Registrant”) issued its monthly account statement for the month ended August 31, 2016, which is presented in the form of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required pursuant to Rule 4.22 under the Commodity Exchange Act. A copy of the monthly account statement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and also can be found on the Registrant’s website at www.unitedstatescommodityfunds.com. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit 99.1 Monthly Account Statement of the Registrant for the month ended August 31, 2016.

 

 

 

 

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 BRENT OIL FUND, LP
  By: United States Commodity Funds LLC, its general partner
     
Date:  September 27, 2016 By: /s/ Stuart P. Crumbaugh
  Name: Stuart P. Crumbaugh
  Title: Chief Financial Officer

 

 

 EX-99.1 2 v449274_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended August 31, 2016  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $6,418,850 
Unrealized Gain (Loss) on Market Value of Futures   1,007,050 
Dividend Income   6,391 
Interest Income   26,264 
ETF Transaction Fees   700 
Total Income (Loss)  $7,459,255 
      
Expenses     
General Partner Management Fees  $71,052 
Professional Fees   15,971 
Brokerage Commissions   12,306 
Non-interested Directors' Fees and Expenses   665 
Prepaid Insurance Expense   353 
Total Expenses   100,347 
Expense Waiver   (15,085)
Net Expenses  $85,262 
Net Income (Loss)  $7,373,993 

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 8/1/16  $101,652,917 
Additions (200,000 Shares)   2,603,884 
Withdrawals (100,000 Shares)   (1,455,815)
Net Income (Loss)   7,373,993 
      
Net Asset Value End of Month  $110,174,979 
Net Asset Value Per Share (8,000,000 Shares)  $13.77 

 

To the Limited Partners of United States Brent Oil 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 August 31, 2016 is accurate and complete.  

 

/s/ Stuart P. Crumbaugh  

Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP  

 

United States Commodity Funds LLC

1999 Harrison Street, Suite 1530

Oakland, CA 94612