---
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"
generated_at: "2026-05-16T09:58:42.728708+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust declares $0.26/unit distribution, down 96% YoY from $5.95

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-004561
- JSON: https://secwatch.observer/filing/0001104659-26-004561.json
- Plain text: https://secwatch.observer/filing/0001104659-26-004561.txt

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