Attention ETF Traders and Investors, United States Commodity Funds LLC announces United States Diesel-Heating Oil Fund, LP name change (UHN)

News provided by

Aug 16, 2012, 07:00 ET

OAKLAND, Calif., Aug. 16, 2012 /PRNewswire/ -- United States Commodity Funds LLC, the general partner and sponsor of exchange traded commodity funds, announces that the United States Heating Oil Fund, LP is known as United States Diesel-Heating Oil Fund, LP ("UHN"), effective August 1, 2012. Chief Investment Officer John Hyland says, "Recently the CME/NYMEX announced changes to the long established heating oil futures contract to make it a better physical match for diesel fuel. We have changed the name of our fund to better reflect the actual uses of the heating oil futures contract". Mr. Hyland added that the investment objective of UHN remains the same.

United States Diesel-Heating Oil Fund is an exchange traded product ("ETP"), that seeks to reflect the performance of the daily price movements of heating oil. The investment objective of UHN has been, and still is, for the daily changes in percentage terms of its units' net asset value ("NAV") to reflect the daily changes in percentage terms of the near month heating oil futures contract traded on the NYMEX (New York Mercantile Exchange),less UHN's expenses. UHN issued units may be purchased and sold on the NYSE Arca.

In April, the CME, which operates the NYMEX, announced a pending change in the physical specifications of the physical heating oil that their futures contracts represent. The change reduces the allowable amount of sulfur in heating oil down to the current levels allowable in diesel fuel, and eliminates the major physical difference between heating oil and diesel, as traded in the US.

In announcing these changes, the CME stated:

"Following the transition to lower sulfur specifications, the heating oil futures contract will serve as a dual-use price benchmark for both the heating oil and on-road diesel markets. It will also more closely match diesel specifications in international markets, including the European ultra-low sulfur diesel market."

Mr. Hyland stated, "After crude oil and natural gas, heating oil is the most actively traded energy futures contract in the United States. We believe many investors with an interest in energy trading and investing have overlooked heating oil in the past thinking that it is really only relevant to hedging home heating needs in the Northeast." He further stated, "This name change should serve as a reminder to investors that the heating oil contract is also the primary proxy for diesel fuel in the US. Diesel fuel prices in the US can reflect not just US supplies and demands, but also the supply and demand in Europe and even as far as China".

For additional information please call 800-920-0259, or download the prospectus at www.unitedstatesdieselheatingoilfund.com/PDFS/UHN-Prospectus.php.

Distributed by ALPS Distributors, Inc.

This material must be preceded or accompanied by a prospectus. Please read it carefully before investing or sending money.

Commodities and futures generally are volatile and are not suitable for all investors. UHN is speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in the UHN. Funds, such as UHN, that focus on a single sector generally experience greater volatility.

UHN is not a registered investment company so investors do not have the protections of the Investment Company Act of 1940, as amended, and UHN is not subject to regulations thereunder. Accordingly, you do not have the protections afforded by that statute which include, for example: (1) controls over activities of an investment company's investment adviser; (2) an express private right of action for shareholders; (3) restrictions on transactions between the fund and the adviser; (4) restrictions on investments; (5) regulation of adviser services and fees; and (6) capital structure requirements, including restrictions on debt.

Investing in commodity futures interests subjects UHN to the risks of the commodities industry and this could result in large fluctuations in the price of UHN's units.

The price of UHN's units may be influenced by factors such as the short-term supply and demand for commodity futures and the short-term supply and demand for UHN's units. This may cause the units to trade at a price that is above or below UHN's NAV per unit. Accordingly, daily changes in the price of units may substantially vary from the daily changes in the value of the benchmark heating oil futures contract. If this variation occurs, then you may not be able to effectively use UHN as a way to indirectly invest in changes in the price of heating oil or diesel.

For further discussion of these and additional risks associated with an investment in UHN units, see the prospectus that has preceded or accompanied this announcement, downloaded at http://www.unitedstatesdieselheatingoilfund.com/PDFS/UHN-Prospectus.php.

Not FDIC insured, may lose value, no bank guarantee.

An investment in UHN is not suitable for all investors. Commodity trading is highly speculative and UHN is not suitable for all investors. UHN is likely to be volatile and could suffer from periods of prolonged decline in value.

Units are not individually redeemable and the owners of Units may purchase or redeem Units from a Fund in Creation/Redemption Units only. USO000656 EXP. 12/31/2012

SOURCE United States Commodity Funds LLC