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United States 12 Month Natural Gas Fund, LP (NYSE Arca:UNL), a $12.28 million market cap commodity fund currently trading at $8.58, reported on Monday that Robert L. Nguyen has resigned as a Management Director of the United States Commodity Funds LLC (USCF), the general partner of the fund. Nguyen’s resignation will become effective on May 31, 2025, in line with his retirement plans.
Nguyen has been serving as a Principal and Management Director at USCF. Following his departure, USCF has decided to reduce the number of Management Directors from four to three, indicating that there will be no immediate successor to Nguyen. The announcement comes as the fund shows mixed performance, with a 24.11% return over the past six months but a recent weekly decline of 3.73%, according to InvestingPro data.
The fund, which is incorporated in Delaware and headquartered in Walnut Creek, California, is a commodity pool that issues shares traded on the NYSE Arca, with an average daily trading volume of 70,000 shares over the past three months. The company’s business address and contact number remain unchanged. InvestingPro analysis reveals several key insights about the fund’s financial health, with additional metrics and analysis available to subscribers.
The 8-K filing with the Securities and Exchange Commission (SEC) on May 19, 2025, formalizes the transition and the company’s executive structure following Nguyen’s departure. The document was signed by John P. Love, President, Chief Executive Officer, and Management Director of USCF, affirming the report’s accuracy on behalf of the fund.
This announcement is based solely on the press release statement and does not imply any judgment or forecast regarding the implications of Nguyen’s resignation for the fund’s future operations or performance.
In other recent news, the United States 12 Month Natural Gas Fund, LP has released several financial disclosures that are of interest to investors. The fund issued its annual financial statements for the year ending December 31, 2024, providing insights into its assets, liabilities, income, and expenses. This annual report is crucial for understanding the fund’s performance over the past year. Additionally, the fund disclosed its audited financial statements for the years ended December 31, 2024, and 2023, offering a detailed view of its financial condition over the last two fiscal years. These audited statements comply with regulatory requirements and are available for public review.
Moreover, the fund has released monthly account statements for both January and March 2025. These reports detail income, losses, and changes in net asset value, offering transparency into the fund’s recent performance. The fund, managed by United States Commodity Funds LLC, emphasizes that these financial disclosures are not intended for filing under certain securities regulations. Investors are encouraged to review these documents, available on the fund’s website, for a deeper understanding of the fund’s financial status.
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