EX-99.1 2 tm239381d5_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 28, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(1,875,434)
Unrealized Gain (Loss) on Market Value of Commodity Futures   1,652,285 
Dividend Income   42,708 
Interest Income   5,434 
Total Income (Loss)  $(175,007)
      
Expenses     
General Partner Management Fees  $8,325 
Professional Fees   9,153 
Brokerage Commissions   270 
Directors' Fees and insurance   1,113 
License fees   167 
Total Expenses   19,028 
Expense Waiver   (9,037)
Net Expenses  $9,991 
Net Income (Loss)  $(184,998)
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/23  $15,386,413 
Net Income (Loss)   (184,998)
      
Net Asset Value End of Month  $15,201,415 
Net Asset Value Per Share (1,150,000 Shares)  $13.22 

 

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 28, 2023 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