United States Oil Fund, LP (NYSEARCA:USO) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearItem 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
The Seventh Amended and Restated Agreement of Limited Partnership of the United States Oil Fund, LP (“USO”) was entered into on December 15, 2017 and amends certain tax provisions. In particular, USO is adjusting the manner in which it applies the monthly allocation convention of profits and losses for shareholders as of January 1, 2018 in conformity with applicable Treasury regulations governing the allocation of profits and losses. The change to the monthly allocation convention and the other changes are reflected in Supplement 2 to the Prospectus dated February 28, 2017, in the updated sections entitled “Allocations of USO’s Profit and Loss.” located under “ADDITIONAL INFORMATION ABOUT USO, ITS INVESTMENT OBJECTIVE AND INVESTMENTS”; “U.S. Federal Income Tax Considerations”; “U.S. Shareholders”; “Tax Consequences of Ownership of Shares” and the new section “Tax Agent” located under “ADDITIONAL INFORMATION ABOUT USO, ITS INVESTMENT OBJECTIVE AND INVESTMENTS,” immediately following the section entitled “Backup Withholding.”
Item 9.01. Financial Statements and Exhibits.
| Exhibit 3.2 |
Seventh Amended and Restated Agreement of Limited Partnership. |
United States Oil Fund, LP ExhibitEX-3.2 2 i17553_ex3-2.htm Exhibit 3.2 UNITED STATES OIL FUND,…To view the full exhibit click here
About United States Oil Fund, LP (NYSEARCA:USO)
United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc. (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses. United States Commodity Funds LLC (USCF) is the general partner of USO and is responsible for the management of USO. USCF is a single member limited liability company. USCF is a subsidiary of Wainwright Holdings, Inc.
