---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-005513"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2022-04-15T23:59:59+00:00"
generated_at: "2026-06-26T07:13:30.366143+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust declares $1.04/unit distribution, up 17% YoY; increases reserves for Northshore idling

## Summary
- Distribution of $1.04/unit vs $0.89/unit last year, payable May 20, 2022 to record holders April 30, 2022.
- Jan 2022 royalties received from Cliffs: $20.9M, up from $12.3M in Jan 2021, driven by higher iron ore prices.
- Trust increasing unallocated reserves due to Cliffs' plan to idle Northshore from Spring 2022 through at least Fall 2022.
- Cliffs has not advised changes to plans for shifting DR pellet production to Minorca or limiting third-party sales.

## SEC filing metadata
- accession: 0001558370-22-005513
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2022-04-15T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000155837022005513/0001558370-22-005513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837022005513/msb-20220415x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-005513
- JSON: https://secwatch.observer/filing/0001558370-22-005513.json
- Plain text: https://secwatch.observer/filing/0001558370-22-005513.txt

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