---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016436"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:19:15.347033+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust declares $0.35/unit distribution; first payout since restart of Northshore operations

## Summary
- Distribution of $0.35/unit declared, payable Nov 20, 2023 to holders of record Oct 30, 2023.
- Compared to no distribution for same period last year; Northshore operations restarted in April 2023.
- July 2023 royalties from Cliffs were $5.3M, up from $2.3M in July 2022.
- Trustees note continuing uncertainties: Northshore at less than full capacity and treated as swing operation.
- No royalties received in prior three fiscal quarters; reserves maintained for expenses and liabilities.

## SEC filing metadata
- accession: 0001558370-23-016436
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000155837023016436/0001558370-23-016436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837023016436/msb-20231013x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016436
- JSON: https://secwatch.observer/filing/0001558370-23-016436.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016436.txt

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