Current Report Filing (8-k)
December 07 2020 - 4:19PM
Edgar (US Regulatory)
0001472494
false
0001472494
2020-12-03
2020-12-03
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 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): December 3, 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
of incorporation)
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(Commission File Number)
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(I.R.S. Employer
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)
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
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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Item 1.01 Entry into a Material
Definitive Agreement.
Effective
December 3, 2020, the United States Brent Oil Fund, LP (the “Registrant”) has engaged Macquarie Futures USA LLC (“MFUSA”)
to serve as an additional futures commission merchant (“FCM’) for the Registrant.
The
Customer Agreement between the Registrant and MFUSA (“the Agreement”) requires MFUSA to provide services to the Registrant,
in connection with the purchase and sale of futures contracts that may be purchased or sold
by or through MFUSA for the Registrant’s account. Under the Agreement, the Registrant pays MFUSA commissions for executing
and clearing trades on behalf of the Registrant. As a result, MFUSA will serve as an FCM for the Registrant along with (1) RBC
Capital Markets, LLC, (2) RCG Division of Marex Spectron, and (3) E D & F Man Capital Markets Inc.
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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Date: December 7, 2020
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By:
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/s/
John P. Love
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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, and
Management
Director
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