{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-116264","form_type":"8-K","ticker":"MSB","cik":"0000065172","company_name":"MESABI TRUST","filed_at":"2026-10-15T20:35:14+00:00","discovered_at":"2026-10-15T20:36:00.239337+00:00","generated_at":"2026-10-15T20:36:02.555690+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Mesabi Trust declares no quarterly distribution, vs $0.34/Unit a year ago","bullets":["No distribution declared and none payable in November 2026; prior-year period paid $0.34 per Unit of Beneficial Interest.","July 30, 2026 royalty payment from Cleveland-Cliffs totaled $1,807,779, down from $5,300,287 received in July 2025, with no bonus royalty included.","Cliffs reported all deemed Silver Bay shipments for Q1 and Q2 2026 priced below the 2026 adjusted bonus royalty threshold of $71.70 per ton; zero bonus royalties credited.","Trustees cite preserving the unallocated reserve for pending arbitration and uncertainty over Cliffs' vertical supply chain implementation.","Q3 2026 royalty payment and report due October 30, 2026; Trust will file a summary 8-K after receipt."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-116264","json":"https://secwatch.observer/filing/0001104659-26-116264.json","markdown":"https://secwatch.observer/filing/0001104659-26-116264.md","text":"https://secwatch.observer/filing/0001104659-26-116264.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65172/000110465926116264/0001104659-26-116264-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65172/000110465926116264/msb-20261015x8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-15T20:36:02.555690+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}