{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-004561","form_type":"8-K","ticker":"MSB","cik":"0000065172","company_name":"MESABI TRUST","filed_at":"2026-01-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.474715+00:00","generated_at":"2026-05-16T09:58:42.728708+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Mesabi Trust declares $0.26/unit distribution, down 96% YoY from $5.95","bullets":["Distribution of $0.26 per unit payable Feb 20, 2026 to holders of record Jan 30, 2026.","Prior year's $5.95 included $71.2M arbitration award (non-recurring) from Cliffs for underpaid royalties.","October 2025 royalty receipts totaled $4.0M, down from $7.4M in October 2024.","Trustees maintaining reserves; no update from Cliffs on 2026 Northshore production plans.","Cites uncertainties in iron ore markets, trade policies, tariffs, and global unrest."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-004561","json":"https://secwatch.observer/filing/0001104659-26-004561.json","markdown":"https://secwatch.observer/filing/0001104659-26-004561.md","text":"https://secwatch.observer/filing/0001104659-26-004561.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65172/000110465926004561/0001104659-26-004561-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65172/000110465926004561/msb-20260116x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:58:42.728708+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}