Mesabi Trust declares $0.37 per unit distribution, resuming from zero last year

MESABI TRUST

Distribution of $0.37 per unit payable Feb 20, 2024 to holders of record Jan 30, 2024.
No distribution was declared for the same period last year.
Resumption driven by Northshore mine restart in April 2023 and $5.67M royalty payment in Oct 2023 vs $0 in Oct 2022.
Trustees cite uncertainties including Cliffs' swing operation plans and pending arbitration costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MESABI TRUST reported same period last year results: EPS thirty-seven cents ($0.37) per Unit.

Period: same period last year
EPS: thirty-seven cents ($0.37) per Unit
Result: preliminary results

Exact text from the filing

The Trustees of Mesabi Trust declared a distribution of thirty-seven cents ($0.37) per Unit of Beneficial Interest payable on February 20, 2024 to Mesabi Trust Unitholders of record at the close of business on January 30, 2024. This compares to no distribution declared for the same period last year.

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Source: SEC EDGAR

accession 0001558370-24-000245

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