secwatch.observer — SEC 8-K summary
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Issuer:     MESABI TRUST (MSB)
CIK:        0000065172
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001558370-24-000693
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesabi Trust receives $6.4M in Q4 2023 royalty payments from Cleveland-Cliffs
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- Total royalties $6,432,434 received Jan 30, 2024; base $3,819,821 plus bonus $2,361,242.
- Tons credited: 964,129 in Q4 2023 vs negative 54,026 in Q4 2022 (Northshore idled).
- Northshore partially restarted April 2023 at less than full capacity; still swing operation.
- Future royalty/distribution variability depends on Cleveland-Cliffs' production plans and pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65172/000155837024000693/0001558370-24-000693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65172/000155837024000693/msb-20240130x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000693

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer