United States Gasoline Fund Lp's Comment on Sales, Marketing and Customers
In its capacity as the Custodian for UGA, BBH&Co. may hold UGA’s Treasuries,
cash and/or cash equivalents pursuant to a custodial agreement. BBH&Co. is
also the registrar and transfer agent for the shares. In addition, in its capacity
as Administrator for UGA, BBH&Co. performs certain administrative and accounting
services for UGA and prepares certain SEC, NFA and CFTC reports on behalf of UGA.
USCF pays BBH&Co.’s fees for these services.
BBH&Co.’s principal business address is 50 Post Office Square, Boston,
MA 02110-1548. BBH&Co., a private bank founded in 1818, is neither a publicly
held company nor insured by the Federal Deposit Insurance Corporation. BBH&Co.
is authorized to conduct a commercial banking business in accordance with the
provisions of Article IV of the New York State Banking Law, New York Banking Law
§§160–181, and is subject to regulation, supervision, and examination
by the New York State Department of Financial Services. BBH&Co. is also licensed
to conduct a commercial banking business by the Commonwealths of Massachusetts
and Pennsylvania and is subject to supervision and examination by the banking
supervisors of those states.
UGA also employs ALPS Distributors as its marketing agent. USCF pays the Marketing
Agent an annual fee. In no event may the aggregate compensation paid to the Marketing
Agent and any affiliate of USCF for distribution-related services in connection
with the offering of shares exceed ten percent (10%) of the gross proceeds of
the offering.
ALPS Distributors’ principal business address is 1290 Broadway, Suite 1100,
Denver, CO 80203. ALPS Distributors is a broker-dealer registered with the Financial
Industry Regulatory Authority (“FINRA”) and a member of the Securities
Investor Protection Corporation.
On October 8, 2013, USCF entered into a Futures and Cleared Derivatives Transactions
Customer Account Agreement with RBC Capital Markets, LLC (“RBC Capital”
or “RBC”) to serve as UGA’s FCM, effective October 10, 2013.
This agreement requires RBC Capital to provide services to UGA, as of October
10, 2013, in connection with the purchase and sale of Futures Contracts and Other
Gasoline-Related Investments that may be purchased or sold by or through RBC Capital
for UGA’s account. For the period October 10, 2013 and after, UGA pays RBC
Capital commissions for executing and clearing trades on behalf of UGA.
RBC Capital’s primary address is 500 West Madison Street, Suite 2500, Chicago,
Illinois 60661. Effective October 10, 2013, RBC Capital became the futures clearing
broker for UGA. RBC Capital is registered in the United States with FINRA as a
broker-dealer and with the CFTC as an FCM. RBC Capital is a member of various
U.S. futures and securities exchanges.
United States Gasoline Fund Lp’s Comment on Sales, Marketing and Customers
In its capacity as the Custodian for UGA, BBH&Co. may hold UGA’s Treasuries,
cash and/or cash equivalents pursuant to a custodial agreement. BBH&Co. is
also the registrar and transfer agent for the shares. In addition, in its capacity
as Administrator for UGA, BBH&Co. performs certain administrative and accounting
services for UGA and prepares certain SEC, NFA and CFTC reports on behalf of UGA.
USCF pays BBH&Co.’s fees for these services.
BBH&Co.’s principal business address is 50 Post Office Square, Boston,
MA 02110-1548. BBH&Co., a private bank founded in 1818, is neither a publicly
held company nor insured by the Federal Deposit Insurance Corporation. BBH&Co.
is authorized to conduct a commercial banking business in accordance with the
provisions of Article IV of the New York State Banking Law, New York Banking Law
§§160–181, and is subject to regulation, supervision, and examination
by the New York State Department of Financial Services. BBH&Co. is also licensed
to conduct a commercial banking business by the Commonwealths of Massachusetts
and Pennsylvania and is subject to supervision and examination by the banking
supervisors of those states.
UGA also employs ALPS Distributors as its marketing agent. USCF pays the Marketing
Agent an annual fee. In no event may the aggregate compensation paid to the Marketing
Agent and any affiliate of USCF for distribution-related services in connection
with the offering of shares exceed ten percent (10%) of the gross proceeds of
the offering.
ALPS Distributors’ principal business address is 1290 Broadway, Suite 1100,
Denver, CO 80203. ALPS Distributors is a broker-dealer registered with the Financial
Industry Regulatory Authority (“FINRA”) and a member of the Securities
Investor Protection Corporation.
On October 8, 2013, USCF entered into a Futures and Cleared Derivatives Transactions
Customer Account Agreement with RBC Capital Markets, LLC (“RBC Capital”
or “RBC”) to serve as UGA’s FCM, effective October 10, 2013.
This agreement requires RBC Capital to provide services to UGA, as of October
10, 2013, in connection with the purchase and sale of Futures Contracts and Other
Gasoline-Related Investments that may be purchased or sold by or through RBC Capital
for UGA’s account. For the period October 10, 2013 and after, UGA pays RBC
Capital commissions for executing and clearing trades on behalf of UGA.
RBC Capital’s primary address is 500 West Madison Street, Suite 2500, Chicago,
Illinois 60661. Effective October 10, 2013, RBC Capital became the futures clearing
broker for UGA. RBC Capital is registered in the United States with FINRA as a
broker-dealer and with the CFTC as an FCM. RBC Capital is a member of various
U.S. futures and securities exchanges.
Sources:
United States Gasoline Fund Lp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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