Mesabi Trust declares $0.05/unit distribution, down from $0.12/unit year ago

MESABI TRUST

Distribution of $0.05 per Unit payable Aug 20, 2026 to holders of record July 30, 2026.
Royalty payments from Cleveland-Cliffs totaled $1,625,300 in April 2026, down from $2,422,329 in April 2025.
No bonus royalty was included in the current payment; prior year included bonus.
Trustees cite uncertainties from Cliffs' vertical supply chain planning and iron ore market volatility.

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