---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-000197"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2022-01-11T23:59:59+00:00"
generated_at: "2026-06-27T19:07:07.244745+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust declares $1.75/unit distribution, up from $0.46 YoY

## Summary
- Declared distribution of $1.75 per unit payable Feb 20, 2022 to holders of record Jan 30, 2022.
- Distribution increased by $1.29 per unit vs. $0.46 distribution same period last year.
- Increase driven by receipt of $19.05M in royalty payments from Cleveland-Cliffs, including $2.83M for past underpaid royalties from arbitration award.
- Higher iron ore prices and shipment volumes in Q3 2021 also contributed to royalty increase.
- Cliffs has not notified Trust of changes to plans to shift DR pellet production away from Northshore; next royalty payment due Jan 30, 2022.

## SEC filing metadata
- accession: 0001558370-22-000197
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2022-01-11T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000155837022000197/0001558370-22-000197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837022000197/msb-20220110x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-000197
- JSON: https://secwatch.observer/filing/0001558370-22-000197.json
- Plain text: https://secwatch.observer/filing/0001558370-22-000197.txt

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