OAKLAND, Calif., May 13, 2016 /PRNewswire/ -- United States Short Oil Fund, LP (NYSE Arca: DNO) (the "Fund") will re-commence the issuance of Creation Baskets to Authorized Participants effective immediately. The registration statement on Form S-1 filed by the Fund on May 11, 2016 was declared effective by the Securities and Exchange Commission ("SEC") on May 13, 2016. The registration statement registered 21,000 shares of the Fund.
United States Commodity Funds LLC ("USCF"), the general partner of the Fund, will continue to monitor the number of shares of the Fund that are registered and available for issuance with a view to assuring a constant supply of registered shares available to meet creation orders.
Forward Looking Statements
Any forward-looking statements in this Press Release are based on expectations of USCF at this time. Whether or not actual results and developments will conform to USCF's expectations and predictions, however, is subject to a number of risks and uncertainties, including the special considerations discussed in the Fund's currently effective prospectus, general economic, market and business conditions, changes in laws or regulations or other actions made by governmental authorities or regulatory bodies, and other world economic and political developments. The Fund and USCF undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Any terms used and not otherwise defined herein shall have the meaning ascribed to such terms in the currently effective prospectus.
For further discussion of these and additional risks associated with an investment in UNL units, see the prospectus that has preceded or accompanied this announcement, downloaded at http://www.unitedstatesshortoilfund.com/PDFS/DNO-Prospectus.pdf.
The Fund is distributed by ALPS Distributors, Inc.
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