UNITED STATES 12 MONTH OIL FUND, LP (NYSEARCA:USL) Files An 8-K Other EventsItem 8.01. Other Events
Wainwright Holdings, Inc. (Wainwright) is the parent and the sole member of the United States Commodity Funds LLC (USCF), the general partner of the United States 12 Month Oil Fund, LP (USL). USCF is also the general partner of the United States Oil Fund, LP (USO), United States Natural Gas Fund, LP (UNG), United States Short Oil Fund, LP (DNO), United States Gasoline Fund, LP (UGA), United States 12 Month Natural Gas Fund, LP (UNL), United State Brent Oil Fund, LP (BNO), United States Diesel-Heating Oil Fund, LP (UHN), and the sponsor of the United States Commodity Index Funds Trust and the United States Commodity Index Fund (USCI), United States Copper Index Fund (CPER) and United States Agriculture Index Fund (USAG).
Wainwright also is the parent and sole member of USCF Advisers LLC, a registered investment advisor affiliated with USCF, and the sponsor of the Stock Split Index Fund (TOFR) and the USCF Restaurant Leaders Fund (MENU).
On December 9, 2016, Wainwright, and Concierge Technologies, Inc. (publicly traded under the ticker CNCG) (Concierge), completed a transaction to which all of the shareholders of Wainwright became shareholders of Concierge. As a result of the transaction, Wainwright is now a wholly owned subsidiary of Concierge. Nicholas Gerber, along with certain family members and certain other Wainwright shareholders, owned the majority of shares in Concierge as well as Wainwright prior to the transaction and post-closing, Mr. Gerber and those shareholders continue to own the majority of Concierge voting shares.
About UNITED STATES 12 MONTH OIL FUND, LP (NYSEARCA:USL)
The United States 12 Month Oil Fund, LP (USL) is an exchange-traded security that tracks the price movements of West Texas Intermediate (WTI) light, sweet crude oil. USL issues shares that may be purchased and sold on the NYSE Arca, Inc. (NYSE Arca). The investment objective of USL is for the daily changes in percentage terms of its shares net asset value (NAV) to reflect the daily changes in percentage terms of the price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the average of the prices of USL’s Benchmark Oil Futures Contracts, less USL’s expenses. USL invests primarily in listed crude oil futures contracts and other oil-related futures contracts. USL offers commodity exposure without using a commodity futures account. USL provides equity-like features, including, intra-day pricing, and market, limit and stop orders. It also provides portfolio holdings, market price, NAV and TNA on its Website each day. UNITED STATES 12 MONTH OIL FUND, LP (NYSEARCA:USL) Recent Trading Information
UNITED STATES 12 MONTH OIL FUND, LP (NYSEARCA:USL) closed its last trading session down -0.50 at 19.66 with 32,830 shares trading hands.