Articles from Mesabi Trust

Announcement of Mesabi Trust Distribution

Announcement of Mesabi Trust Distribution

AAA Arbitration Final Award

Mesabi Trust (NYSEMSB):

Announcement of Mesabi Trust Distribution

Announcement of Mesabi Trust Distribution

Announcement of Mesabi Trust Distribution

Announcement of No Distribution

Filing of Annual Report and Availability of Audited Financial Statements

Announcement of No Distribution

Announcement of No Distribution

Announcement of No Distribution

The Trustees of Mesabi Trust (NYSEMSB) 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.

Mesabi Trust (NYSEMSB):

The Trustees of Mesabi Trust (NYSEMSB) declared a distribution of One Dollar and four cents ($1.04) per Unit of Beneficial Interest payable on May 20, 2022 to Mesabi Trust Unitholders of record at the close of business on April 30, 2022. This compares to a distribution of eighty-nine cents ($0.89) per Unit for the same period last year.

Distribution Announcement

As previously reported, on December 9, 2019, Mesabi Trust initiated arbitration with the American Arbitration Association (“AAA”) against Northshore Mining Company (“Northshore”), the lessee/operator of the leased lands, and its parent, Cleveland-Cliffs Inc. (“Cliffs”). The Trust asserted claims concerning the calculation of royalties related to the production, shipment and sale of iron ore, including DR-grade pellets.

Distribution Announcement

The Trustees of Mesabi Trust (NYSEMSB) declared a distribution of nine cents ($0.09) per Unit of Beneficial Interest payable on August 20, 2021 to Mesabi Trust Unitholders of record at the close of business on July 30, 2021. This compares to a distribution of five cents ($0.05) per Unit for the same period last year.

On April 30, 2021, the Trustees of Mesabi Trust (NYSEMSB) received the quarterly royalty report of iron ore shipments from Silver Bay, Minnesota during the quarter ended March 31, 2021 (the “Royalty Report”) from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company (“Northshore”).

The Trustees of Mesabi Trust (NYSEMSB) declared a distribution of eighty-nine cents ($0.89) per Unit of Beneficial Interest payable on May 20, 2021 to Mesabi Trust Unitholders of record at the close of business on April 30, 2021. This compares to a distribution of fifty-six cents ($0.56) per Unit for the same period last year.