MESABI TRUST overview

Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of five dollars ninety-five cents ($5.95) per Unit of Beneficial Interest payable on February 20, 2025 to Mesabi Trust Unitholders of record at the close of business on January 30, 2025. This compares to a thirty-seven cents ($0.37) per Unit distribution declared and paid for the same period last year. The Trustees’ announcement today of a five dollars ninety-five cents ($5.95) per Unit...

Announcement of No Distribution The Trustees of Mesabi Trust (NYSE:MSB) have determined that no distribution will be declared this July 2023 with respect to Units of Beneficial Interest. This compares to a distribution of Eighty-four cents ($0.84) per Unit for the same period last year. The Trustees’ announcement today of declaring no distribution this quarter primarily reflects that the Trust has received no royalty revenue in the Trust’s last three fiscal quarters, and the current...

Filing of Annual Report and Availability of Audited Financial Statements Mesabi Trust’s (NYSE:MSB) Annual Report on Form 10‑K for the fiscal year ended January 31, 2023, which includes the audited financial statements of Mesabi Trust, was filed with the Securities and Exchange Commission on April 24, 2023. Mesabi Trust Unitholders may obtain a hard copy of the complete audited financial statements, which is included as Exhibit 13 to Mesabi Trust’s Annual Report, free of charge upon request...

Announcement of No Distribution The Trustees of Mesabi Trust (NYSE:MSB) have determined that no distribution will be declared this April 2023 with respect to Units of Beneficial Interest. This compares to a distribution of One Dollar and four cents ($1.04) per Unit for the same period last year. The Trustees’ announcement today of declaring no distribution this quarter primarily reflects the Trustees’ caution about uncertainties related to a number of factors, including principally...

Announcement of No Distribution The Trustees of Mesabi Trust (NYSE:MSB) have determined that no distribution will be declared this January 2023 with respect to Units of Beneficial Interest. This compares to a distribution of One Dollar and seventy-five cents ($1.75) per Unit for the same period last year. The Trustees’ announcement today of declaring no distribution this quarter primarily reflects the Trustees’ caution about uncertainties arising from the July 22, 2022 announcement by...

Announcement of No Distribution The Trustees of Mesabi Trust (NYSE:MSB) have determined that no distribution will be declared this October 2022 with respect to Units of Beneficial Interest. This compares to a distribution of One Dollar and forty-two cents ($1.42) per Unit for the same period last year. The Trustees’ announcement today of declaring no distribution this quarter primarily reflects the Trustees’ caution about uncertainties arising from the July 22, 2022 announcement by...

The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of eighty-four cents ($0.84) per Unit of Beneficial Interest payable on August 20, 2022 to Mesabi Trust Unitholders of record at the close of business on July 30, 2022. This compares to a distribution of nine cents ($0.09) per Unit for the same period last year. The seventy-five cents ($0.75) per Unit increase in the current distribution, as compared to the distribution announced by the Trust at the same time last year, is primarily...

Mesabi Trust (NYSE: MSB): Receipt of Quarterly Royalty Report and Royalty Payment On April 29, 2022, the Trustees of Mesabi Trust (NYSE: MSB) received the quarterly royalty report of iron ore shipments from Silver Bay, Minnesota during the quarter ended March 31, 2022 (the “Royalty Report”) from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company (“Northshore”). As reported to Mesabi Trust by Cliffs in the Royalty Report, based on shipments of iron ore...