secwatch.observer — SEC 8-K summary
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Issuer:     MESABI TRUST (MSB)
CIK:        0000065172
Form:       8-K
Filed at:   2022-07-15T23:59:59+00:00
Accession:  0001558370-22-010758
Event type: dividend
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesabi Trust declares $0.84/unit distribution, up from $0.09 a year ago
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- Distribution of $0.84 per unit payable Aug 20, 2022, record date July 30, 2022; prior year $0.09/unit.
- Royalty payments from Cleveland-Cliffs in April 2022 totaled $13.5M, versus $6.3M in April 2021.
- Increase driven by higher iron ore prices and volumes during Q1 2022 vs Q1 2021.
- Northshore mine idled since May 1, 2022, expected through fall; Trust boosting reserves for uncertainties.
- Quarterly royalty payment from Northshore due July 30, 2022, with report to follow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65172/000155837022010758/0001558370-22-010758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65172/000155837022010758/msb-20220715x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-010758

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