EX-99.1 2 tm229966d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended February 28, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $19,419,470 
Unrealized Gain (Loss) on Market Value of Commodity Futures   10,473,760 
Dividend Income   3,478 
Interest Income   4,178 
ETF Transaction Fees   350 
Total Income (Loss)  $29,901,236 
      
Expenses     
General Partner Management Fees  $145,951 
Professional Fees   23,042 
Brokerage Commissions   14,410 
Directors' Fees and insurance   6,629 
SEC & FINRA Registration Expense   19,880 
Total Expenses  $209,912 
Net Income (Loss)  $29,691,324 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/22  $243,847,106 
Withdrawals (150,000 Shares)   (3,830,576)
Net Income (Loss)   29,691,324 
      
Net Asset Value End of Month  $269,707,854 
Net Asset Value Per Share (9,950,000 Shares)  $27.11 

 

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 February 28, 2022 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  
1850 Mt. Diablo Boulevard, Suite 640  
Walnut Creek, CA 94596