2 unchanged sentences
(c) USL does not purchase shares directly from its shareholders.
−Removed: In connection with its redemption of baskets held by Authorized Participants, USL redeemed 2 baskets (comprising 100,000 shares) during the first quarter of the year ending December 31, 2025.
−Removed: The following table summarizes the redemptions by Authorized Participants during the three months ended March 31, 2025:
+Added: In connection with its redemption of baskets held by Authorized Participants, USL redeemed 2 baskets (comprising 100,000 shares) during the second quarter of the year ending December 31, 2025.
+Added: The following table summarizes the redemptions by Authorized Participants during the three months ended June 30, 2025:
Issuer Purchases of Equity Securities
10 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.