Form 8-K United States Brent Oil For: Nov 26
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
�
FORM 8-K
�
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
�
Date of Report (Date of earliest event reported): November 26, 2014
�
UNITED STATES BRENT OIL FUND, LP | ||
� | ||
� | (Exact name of registrant as specified in its charter) | � |
� | � | � |
Delaware |
001-34704 |
�27-0925904 |
� | � | � |
(State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
� | � | � |
� |
1999 Harrison Street, Suite
1530 |
� |
� | � | � |
(Address of principal executive offices) (Zip Code) |
� | |
(510) 522-9600 | ||
� | � | � |
Registrant’s telephone number, including area code | � | |
� | � | � |
� | Not Applicable | � |
(Former name or former address, if changed since last report) |
�
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
�
� | Written communication pursuant to Rule�425 under the Securities Act (17 CFR 230.425) |
� | � |
� | Soliciting material pursuant to Rule�14a-12 under the Exchange Act (17 CFR 240.14a-12) |
� | � |
� | Pre-commencement communications pursuant to Rule�14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
� | � |
� | Pre-commencement communications pursuant to Rule�13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
�
� |
� |
�
Item 7.01. Regulation FD Disclosure.
�
On November 26, 2014, the United States Brent Oil Fund, LP (the “Registrant”) issued its monthly account statement for the month ended October 31, 2014, which is presented in the form of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required pursuant to Rule 4.22 under the Commodity Exchange Act. A copy of the monthly account statement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and also can be found on the Registrant’s website at www.unitedstatesbrentoilfund.com. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.
�
Item 9.01. Financial Statements and Exhibits.
�
(d) Exhibits.
�
Exhibit 99.1 Monthly Account Statement of the Registrant for the month ended October 31, 2014.
�
� |
� |
�
SIGNATURES
�
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
�
� | UNITED STATES BRENT OIL FUND, LP | |
� | By: | United States Commodity Funds LLC, its general partner |
� | � | � |
Date:��November 26, 2014 | By: | /s/ Howard Mah |
� | Name: | Howard Mah |
� | Title: | Chief Financial Officer |
�
� |
�
�
Exhibit 99.1
�
United States Brent Oil Fund, LP | � | � | � | |
Monthly Account Statement | � | � | � | |
For the Month Ended October 31, 2014 | � | � | � | |
� | � | � | � | |
Statement of Income (Loss) | ||||
� | � | � | � | |
Income | � | � | � | |
Realized Trading Gain (Loss) on Futures | � | $ | (5,270,964 | ) |
Unrealized Gain (Loss) on Market Value of Futures | � | � | 1,560,030 | � |
Dividend Income | � | � | 130 | � |
Interest Income | � | � | 1,037 | � |
ETF Transaction Fees | � | � | 1,050 | � |
Total Income (Loss) | � | $ | (3,708,717 | ) |
� | � | � | � | � |
Expenses | � | � | � | � |
General Partner Management Fees | � | $ | 22,576 | � |
Professional Fees | � | � | 11,780 | � |
Brokerage Commissions | � | � | 3,012 | � |
Non-interested Directors' Fees and Expenses | � | � | 405 | � |
Prepaid Insurance Expense | � | � | 326 | � |
Total Expenses | � | � | 38,099 | � |
Expense Waiver | � | � | (11,056 | ) |
Net Expenses | � | $ | 27,043 | � |
Net Income (Loss) | � | $ | (3,735,760 | ) |
�
Statement of Changes in Net Asset Value | ||||
� | � | � | � | |
Net Asset Value Beginning of Month 10/1/14 | � | $ | 37,721,277 | � |
Additions (100,000 Shares) | � | � | 3,404,567 | � |
Net Income (Loss) | � | � | (3,735,760 | ) |
� | � | � | � | � |
Net Asset Value End of Month | � | $ | 37,390,084 | � |
Net Asset Value Per Share (1,100,000 Shares) | � | $ | 33.99 | � |
�
�
�
To the Limited Partners of United States Brent Oil Fund, LP: | |
� | � |
Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, | |
to the best of his knowledge and belief, the information contained in the Account Statement for | |
the month ended October 31, 2014 is accurate and complete. | |
� | � |
� | � |
/s/ Howard Mah | � |
� | � |
Howard Mah | � |
Chief Financial Officer | � |
United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP | |
� | � |
United States Commodity Funds LLC | � |
1999 Harrison Street, Suite 1530 | � |
Oakland, CA 94612 | � |
�
� |
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oil prices flat as markets await more economic cues; US inventories shrink
- Oil prices recover on tight supply bets even as M.East fears clear
- Kidoz Inc. Announces 2023 Total Revenue of $13,326,824
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!