{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-043216","form_type":"8-K","ticker":"MSB","cik":"0000065172","company_name":"MESABI TRUST","filed_at":"2026-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.635741+00:00","generated_at":"2026-05-15T06:28:47.962544+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Mesabi Trust cuts quarterly distribution to $0.24 from $0.56; royalty payments fell 45%","bullets":["Distribution of $0.24/unit declared, payable May 20 to holders of record Apr 30; down from $0.56 last year.","Royalty payments from Cliffs in Jan 2026 were $4.94M versus $8.99M in Jan 2025.","Trustees cite uncertainties from Cliffs' supply-chain plans, tariff changes, and industry volatility.","Next quarterly royalty report and payment from Cliffs due April 30, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-043216","json":"https://secwatch.observer/filing/0001104659-26-043216.json","markdown":"https://secwatch.observer/filing/0001104659-26-043216.md","text":"https://secwatch.observer/filing/0001104659-26-043216.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65172/000110465926043216/0001104659-26-043216-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65172/000110465926043216/msb-20260414x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T06:28:47.962544+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":[{"claim_id":"ee19c31d1742fa4e0d2f15919199f6e0369cab9b","claim":"MESABI TRUST reported results: revenue $4,943,488.","evidence_excerpt":"In particular, the Trustees’ current distribution determination reflects that the Trust received total royalty payments of $4,943,488 on January 30, 2026, from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company (“Northshore”), which was lower than the total royalty payments of $8,986,464 received by the Trust from Cliffs in January 2025, all of which was previously reported.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/65172/000110465926043216/0001104659-26-043216-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Revenue","value":"$4,943,488"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}