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): September 23, 2019
USCF FUNDS TRUST
(Exact name of registrant as specified in its charter)
| Delaware | 001-38152 | 38-7159729 |
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer |
| of incorporation) | Identification No.) |
| 1850 Mt. Diablo Boulevard, Suite 640 |
| Walnut Creek, California 94596 |
| (Address of principal executive offices) (Zip Code) |
Registrant’s telephone number, including area code:(510) 522-9600
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-4c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||
| Shares of United States 3x Oil Fund | USOU | NYSE Arca Equities, Inc. | ||
| Shares of United States 3x Short Oil Fund | USOD | NYSE Arca Equities, Inc. |
Indicate by check mark whether the registrant is an emerging growth company as defined in 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 | x |
| 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. | x |
Item 8.01. Other Events
On September 23, 2019, a press release was issued announcing a one-for-two reverse split of the shares of the United States 3x Short Oil Fund (the “Fund”), a series of the USCF Funds Trust (the “Registrant”). The reverse share split will take place at the close of trading on October 3, 2019 and will be effective on October 4, 2019. The reverse share split will increase the price per share of the Fund with a proportionate decrease in the number of shares outstanding. As a result of the reverse share split, every two pre-split shares will result in the receipt of one post-split share, which will be priced two times higher than the net asset value of a pre-split share. Shareholders of the Fund otherwise entitled to fractional shares as a result of the reverse share split will receive cash in lieu of such fractional shares. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 8.01.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| Exhibit Number | Description |
| 99.1 | Press release dated September 23, 2019 |
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.
| USCF FUNDS TRUST | ||
| By: | United States Commodity Funds LLC, its sponsor | |
| Date: September 23, 2019 | By: | /s/ John Love |
| Name: John Love | ||
| Title: President (Principal Executive Officer) | ||
