Mesabi Trust declares $0.30 per unit distribution after no distribution last year

MESABI TRUST

Distribution of $0.30 per unit payable August 20, 2024 to holders of record July 30, 2024.
April 2024 royalty receipts from Cleveland-Cliffs totaled $5,059,648 vs. $0 in April 2023.
Higher royalties driven by return to operations at Northshore mine after idling until April 2023.
Trustees maintained reserves amid ongoing uncertainty about Cliffs treating Northshore as swing operation.
Quarterly royalty report due July 30, 2024; trust to file summary with SEC thereafter.

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