UNITED STATES NATURAL GAS FUND, LP (NYSEARCA:UNG) Files An 8-K Other EventsItem 8.01.Other Events
On December 22, 2017, a press release was issued announcing a one-for-four reverse split of the shares of the United States Natural Gas Fund, LP (the “Registrant”). The reverse share split will take place at the close of trading on January 4, 2018 and will be effective on January 5, 2018. The reverse share split will increase the price per share of the Registrant with a proportionate decrease in the number of shares outstanding. As a result of the reverse share split, every four pre-split shares will result in the receipt of one post-split share, which will be priced four times higher than the net asset value of a pre-split share. Shareholders of the Registrant otherwise entitled to fractional shares as a result of the reverse share split will receive cash in lieu of such fractional shares. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 8.01.
Item 9.01. Financial Statements and Exhibits
| Exhibit Number | Description |
| 99.1 | Press release dated December 22, 2017 |
United States Natural Gas Fund, LP ExhibitEX-99.1 2 i17565_ex99-1.htm EXHIBIT 99.1 FOR IMMEDIATE RELEASE Notice of Reverse Share Split Oakland,…To view the full exhibit click here
About UNITED STATES NATURAL GAS FUND, LP (NYSEARCA:UNG)
United States Natural Gas Fund, LP is a limited partnership. The Company is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc. (the NYSE Arca). The investment objective of the Company 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 natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of the futures contracts on natural gas traded on the New York Mercantile Exchange (the NYMEX) that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire (the Benchmark Futures Contract), less its expenses. The Company’s general partner United States Commodity Funds LLC (USCF) is responsible for the management of the Company.
