secwatch.observer — SEC 8-K summary
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Issuer:     MESABI TRUST (MSB)
CIK:        0000065172
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0001558370-24-009789
Event type: dividend
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65172/000155837024009789/0001558370-24-009789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65172/000155837024009789/msb-20240712x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009789

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