Mesabi Trust declares $0.29/unit distribution after no distribution last year

MESABI TRUST

Distribution of $0.29 per unit payable May 20, 2024; record date April 30, 2024.
Royalty payments from Cleveland-Cliffs in Jan 2024 totaled $6.43M vs $0 in Jan 2023.
Increase reflects restart of Northshore Mining operations in April 2023.
Trustees maintain reserves due to uncertainties about Cliffs' plans and pending arbitration.

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 the same period last year results: EPS twenty-nine cents ($0.29) per Unit.

Period: the same period last year
EPS: twenty-nine cents ($0.29) per Unit
Result: reported results

Exact text from the filing

ESABI TRUST PRESS RELEASE April 16, 2024 @ 04:05 PM Eastern Daylight Time NEW YORK--(BUSINESS WIRE) Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of twenty-nine cents ($0.29) per Unit of Beneficial Interest payable on May 20, 2024 to Mesabi Trust Unitholders of record at the close of business on April 30, 2024.

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Source: SEC EDGAR

accession 0001558370-24-005198

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