Mesabi Trust receives $0 royalty for Q4 2022; Northshore idling continues; shipments negative

MESABI TRUST

No royalty paid on Jan 30, 2023; base and bonus royalties both $0.
Negative survey adjustment of $789,080 lowered prior-quarter estimates.
Northshore credited Mesabi Trust with negative 54,026 tons shipped in Q4 2022 vs. 1,085,427 tons in Q4 2021.
Idling extended until at least April 2023 per Cleveland-Cliffs announcement.
Future royalties and distributions to unitholders remain uncertain due to continued idling.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.