−Removed: Market for Registrant’s Common Equity, Related
−Removed: Stockholder Matters and Issuer Purchases of Equity Securities.
+Added: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Price Range of Shares
−Removed: USL’s shares have traded on the NYSE
−Removed: Arca under the symbol “USL” since November 25, 2008.
−Removed: Prior to trading on the NYSE Arca, USL’s shares traded on
−Removed: the American Stock Exchange (the "AMEX") under the symbol “USL” since its initial public offering on December
−Removed: As of December 31, 2019, USL had approximately
−Removed: 3,384 holders of shares.
−Removed: USL has not made and does not currently
−Removed: intend to make cash distributions to its shareholders.
+Added: USL’s shares have traded on the NYSE Arca under the symbol “USL” since November 25, 2008.
+Added: Prior to trading on the NYSE Arca, USL’s shares traded on the American Stock Exchange (the "AMEX") under the symbol “USL” since its initial public offering on December 6, 2007.
+Added: As of December 31, 2020, USL had approximately 19,085 holders of shares.
+Added: USL has not made and does not currently intend to make cash distributions to its shareholders.
Issuer Purchases of Equity Securities
−Removed: USL does not purchase shares directly from
−Removed: its shareholders.
−Removed: In connection with its redemption of baskets held by Authorized Participants, USL redeemed 3 baskets (comprising
−Removed: 150,000 shares) and 11 baskets (comprising 550,000 shares) for the three and twelve months ended December 31, 2019, respectively.
+Added: USL does not purchase shares directly from its shareholders.
+Added: In connection with its redemption of baskets held by Authorized Participants, USL redeemed 53 baskets (comprising 2,650,000 shares) and 395 baskets (comprising 19,750,000 shares) for the three and twelve months ended December 31, 2020, respectively.
Monthly redemptions for the last three months are detailed below.
+Added: Total Number of
+Added: Average Price
+Added: Shares Redeemed
10/1/20 to 10/31/20
2 unchanged sentences
Selected Financial Data.
−Removed: Financial Highlights (for the years ended December 31, 2019,
−Removed: 2018, 2017, 2016 and 2015)
−Removed: (Dollar amounts in 000’s except
−Removed: for per share information)
+Added: Financial Highlights (for the years ended December 31, 2020, 2019, 2018, 2017 and 2016)
+Added: (Dollar amounts in 000’s except for per share information)
Net realized and unrealized gain (loss) on futures transactions, inclusive of commissions
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.