Attached files
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8-K - 2012-0430 USBO FORM 8K - United States Brent Oil Fund, LP | usbo8k_2012-0430.htm |
Exhibit 99.1
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United States Brent Oil Fund, LP
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Monthly Account Statement
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For the Month Ended April 30, 2012
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss) on Futures
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$ | 692,490 | |||
Unrealized Gain (Loss) on Market Value of Futures
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(1,982,840 | ) | |||
Dividend Income
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1,096 | ||||
Interest Income
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285 | ||||
Total Income (Loss)
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$ | (1,288,969 | ) | ||
Expenses
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General Partner Management Fees
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$ | 34,006 | |||
Brokerage Commissions
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1,777 | ||||
Non-interested Directors' Fees and Expenses
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489 | ||||
Prepaid Insurance Expense
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410 | ||||
Other Expenses
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9,579 | ||||
Total Expenses
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46,261 | ||||
Expense Waiver
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(2,778 | ) | |||
Net Expenses
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$ | 43,483 | |||
Net Income (Loss)
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$ | (1,332,452 | ) | ||
Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Month 4/1/12
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$ | 56,098,232 | |||
Net Income (Loss)
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(1,332,452 | ) | |||
Net Asset Value End of Month
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$ | 54,765,780 | |||
Net Asset Value Per Unit (650,000 Units)
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$ | 84.26 | |||
To the Limited Partners of United States Brent Oil Fund, LP:
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Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
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to the best of his knowledge and belief, the information contained in the Account Statement for
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the month ended April 30, 2012 is accurate and complete.
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/s/ Howard Mah | |||||
Howard Mah
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Chief Financial Officer
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United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP
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United States Commodity Funds LLC
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1320 Harbor Bay Parkway
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Suite 145
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Alameda, CA 94502
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