UNITED STATES NATURAL GAS FUND, LP (NYSEARCA:UNG) Files An 8-K Other EventsItem 8.01.Other Events
On January 4, 2018 after the close of trading on NYSE Arca, Inc., United States Natural Gas Fund, LP (the “Registrant”) effected a one-for-four reverse share split and post-split shares of the Registrant will begin trading on January 5, 2018. The Registrant previously announced the reverse share split in its press release dated December 22, 2017. As a result of the reverse share split, every four pre-split shares of the Registrant were automatically exchanged for one post-split share. Immediately prior to the reverse share split there were 97,466,476 shares of the Registrant issued and outstanding, each representing a net asset value (“NAV”) of $5.69049. Immediately after the reverse share split the number of issued and outstanding shares of the Registrant decreased to 24,366,619 not accounting for fractional shares, and the net asset value relating to each share increased to $22.76196. In connection with the reverse share split, the CUSIP number of the Registrant’s shares changed to 912318300. The Registrant’s ticker symbol, “UNG”, remains the same.
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.
