---
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"
generated_at: "2026-05-15T06:28:47.962544+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust cuts quarterly distribution to $0.24 from $0.56; royalty payments fell 45%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-043216
- JSON: https://secwatch.observer/filing/0001104659-26-043216.json
- Plain text: https://secwatch.observer/filing/0001104659-26-043216.txt

## Key facts
- Earnings Releases
  MESABI TRUST reported results: revenue $4,943,488.
  - Revenue: $4,943,488
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/65172/000110465926043216/0001104659-26-043216-index.htm

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