Current Report Filing (8-k)
June 15 2020 - 6:21AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported): June 15, 2020
UNITED STATES BRENT OIL FUND, LP
(Exact name of registrant as
specified in its charter)
Delaware
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001-34704
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27-0925904
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(State or other jurisdiction
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(Commission File Number)
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(I.R.S. Employer
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of incorporation)
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Identification No.)
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1850 Mt. Diablo
Boulevard, Suite 640
Walnut Creek,
California 94596
(Address of principal
executive offices) (Zip Code)
(510) 522-9600
Registrant's
telephone number,
including area
code
Not Applicable
(Former name
or former address, if changed since last report)
Securities registered
pursuant to Section 12(b) of the Act:
Title
of each class:
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Trading
Symbol(s)
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Name
of each exchange on which registered:
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Shares
of United States Brent Oil Fund, LP
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BNO
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NYSE
Arca, Inc.
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Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
o
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by
check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company o
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 1.01
Entry into a Material Definitive Agreement.
On June 11, 2020, the United States Brent Oil Fund, LP (the
“Registrant”) entered into a Customer Agreement (the “Agreement”) with E D & F Man Capital Markets
Inc. (“MCM”) to serve as a futures commission merchant (“FCM”) for the Registrant. The Agreement requires
MCM to provide services to the Registrant, in connection with the purchase and sale of oil futures contracts and other oil-related
investments that may be purchased or sold by or through MCM for the Registrant’s account. Under the Agreement, the Registrant
pays MCM commissions for executing and clearing trades on behalf of the Registrant. As a result, MCM will serve as an FCM for the
Registrant along with (1) RBC Capital Markets, LLC (“RBC”), which provides such services pursuant to a Futures and
Cleared Derivatives Transactions Customer Account Agreement dated as of October 8, 2013, and (2) RCG Division of Marex Spectron
(“RCG”), which provides such services pursuant to a Commodity Futures Customer Agreement dated as of May 28, 2020.
The foregoing description of the Agreement is not complete
and is qualified in its entirety by reference to the full text of the Agreement, a form of which is attached hereto as Exhibit
10.1 and is incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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UNITED
STATES BRENT OIL FUND, LP
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By:
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United
States Commodity Funds LLC, its general partner
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By:
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/s/
John P. Love
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Date:
June 15, 2020
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Name:
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John
P. Love
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Title:
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President
and Chief Executive Officer
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