secwatch.observer — SEC 8-K summary
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Issuer:     MESABI TRUST (MSB)
CIK:        0000065172
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001104659-26-009757
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesabi Trust receives Q4 2025 royalty payment of $4.94M; iron ore shipments down 14% YoY
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- Total royalty payment of $4,943,488 received on Jan 30, 2026 from Cleveland-Cliffs.
- Q4 2025 shipments credited to Trust: 956,512 tons vs. 1,110,800 tons in Q4 2024 (-13.9%).
- Base royalty $3,622,142; bonus royalty $1,041,580; prior-period adjustments $66,572.
- Additional $213,194 royalty paid to Mesabi Land Trust.
- Shipments remain subject to idling risk and other factors; quarterly fluctuations expected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65172/000110465926009757/0001104659-26-009757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65172/000110465926009757/msb-20260130x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-009757

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer