United States 12 Month Oil 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 USL’s shares have traded on the NYSE Arca under the symbol “USL” since November 25, 2008. 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. 53 ​ Table of Contents As of December 31, 2020, USL had approximately 19,085 holders of shares. Dividends USL has not made and does not currently intend to make cash distributions to its shareholders. Issuer Purchases of Equity Securities USL does not purchase shares directly from its shareholders. 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. ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Average Price Period Shares Redeemed Per Share 10/1/20 to 10/31/20 550,000 ​ $ 14.73 11/1/20 to 11/30/20 1,000,000 ​ ​ 15.25 12/1/20 to 12/31/20 1,100,000 ​ ​ 16.86 Total 2,650,000 ​ ​ ​ Item 6. Selected Financial Data. Financial Highlights (for the years ended December 31, 2020, 2019, 2018, 2017 and 2016) (Dollar amounts in 000’s except for per share information) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended Year ended Year ended Year ended Year ended ​ ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ ​ 2020 ​ 2019 ​ 2018 ​ 2017 ​ 2016 Total assets ​ $ 219,498 ​ $ 55,230 ​ $ 50,960 ​ $ 99,322 ​ $ 141,659 Net realized and unrealized gain (loss) on futures transactions, inclusive of commissions ​ $ 109,755 ​ $ 13,702 ​ $ (6,257) ​ $ 1,745 ​ $ 29,791 Net income (loss) ​ $ 108,719 ​ $ 14,434 ​ $ (5,508) ​ $ 1,722 ​ $ 29,373 Weighted average limited partnership shares ​ 12,315,890 ​ 2,615,479 ​ 3,390,137 ​ 5,871,781 ​ 6,263,251 Net income (loss) per share ​ $ (5.72) ​ $ 5.13 ​ $ (3.23) ​ $ 0.66 ​ $ 3.39 Net income (loss) per weighted average share ​ $ 8.83 ​ $ 5.52 ​ $ (1.62) ​ $ 0.29 ​ $ 4.69 Cash and cash equivalents at end of year ​ $ 181,575 ​ $ 45,167 ​ $ 42,728 ​ $ 83,242 ​ $ 117,373 ​ ​ ​ 54 ​ Table of Contents