---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-013103"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2021-10-08T23:59:59+00:00"
generated_at: "2026-06-28T22:01:28.342518+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust declares $1.42/unit distribution, up 294% YoY; wins $2.74M arbitration award

## Summary
- $1.42/unit distribution declared (payable Nov 20, record Oct 30), vs $0.36 same period last year (+$1.06).
- Royalty payments from Cliffs in July 2021 totaled $19.5M, up from $4.3M in July 2020 on higher iron ore prices and shipments.
- Arbitration award: $2.31M damages + $0.43M interest for underpaid DR-grade pellet royalties (2019-2020); due Oct 30, 2021.
- Tribunal ruled Northshore must use highest third-party pellet sale price for intercompany royalty calculations.

## SEC filing metadata
- accession: 0001558370-21-013103
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2021-10-08T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000155837021013103/0001558370-21-013103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837021013103/msb-20211008x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-013103
- JSON: https://secwatch.observer/filing/0001558370-21-013103.json
- Plain text: https://secwatch.observer/filing/0001558370-21-013103.txt

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