United States 12 Month Natural Gas Fund, LP 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Price Range of Shares UNL’s shares have traded on the NYSE Arca under the symbol “UNL” since November 18, 2009. As of December 31, 2025, UNL had approximately 3,600 holders of shares. Dividends UNL has not made and does not currently intend to make cash distributions to its shareholders. Issuer Purchases of Equity Securities UNL does not purchase shares directly from its shareholders. In connection with its redemption of baskets held by Authorized Participants, UNL redeemed 0 baskets (comprising 0 shares) and 24 baskets (comprising 1,200,000 shares) for the three and twelve months ended December 31, 2025 respectively. The following table summarizes the redemptions by Authorized Participants during the three months ended December 31, 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Average Price Per Period ​ ​ ​ Shares Redeemed ​ ​ ​ Share 10/1/25 to 10/31/25 ​ — ​ $ — 11/1/25 to 11/30/25 ​ — ​ ​ — 12/1/25 to 12/31/25 — ​ — Total — ​ ​ ​ ​ Item 6. [Reserved]. 55 Table of Contents