Recent Updates — USL

The fund reported a net income of $4.0 million for the month ended September 30, driven by realized trading gains and unrealized market value increases on commodity futures. Net asset value rose to $48.5 million, resulting in a net asset value per share of $57.05 based on 850,000 shares outstanding. The fund operates as an exchange-traded commodity pool that tracks the price of crude oil.

The filing discloses that The Marygold Companies, Inc. (TMC), the sole shareholder of USCF Investments, Inc., has entered into a definitive agreement with Madison Dearborn Partners to acquire TMC in an all-cash transaction. This acquisition will result in TMC becoming privately held and its common stock delisting from the New York Stock Exchange, pending customary closing conditions including regulatory approvals and stockholder consent expected in the first half of 2027. The United States 12 Month Oil Fund, LP operates as a commodity pool fund that tracks the price of crude oil.

United States 12 Month Oil Fund, LP issued its monthly account statement for the period ending May 31, 2026, as required by the Commodity Exchange Act. This fund is an investment vehicle focused on oil-related assets.