---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-098734"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2025-10-10T23:59:59+00:00"
generated_at: "2026-05-17T04:07:23.290735+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust declares $0.34/unit distribution, down from $0.39 year ago

## Summary
- Distribution of $0.34 per unit payable Nov 20, 2025 to holders of record Oct 30, 2025.
- Decline from $0.39 per unit distribution declared same period last year.
- Trust received $5,300,287 royalty payment from Cleveland-Cliffs on July 30, 2025.
- Trustees maintain reserves for expenses and liabilities; no update on Cliffs' iron ore operations.
- Uncertainties cited include volatility in iron ore/steel, trade policy, and global unrest.

## SEC filing metadata
- accession: 0001104659-25-098734
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2025-10-10T23:59:59+00:00
- event_type: dividend
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000110465925098734/0001104659-25-098734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000110465925098734/msb-20251010x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-098734
- JSON: https://secwatch.observer/filing/0001104659-25-098734.json
- Plain text: https://secwatch.observer/filing/0001104659-25-098734.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.