---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-013375"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:28:51.117190+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust declares $0.39/unit distribution; receives $71.2M arbitration award

## Summary
- Distribution of $0.39 per unit payable Nov 20, 2024 to holders of record Oct 30, 2024, up from $0.35 last year.
- Received $71,185,029 from Northshore/Cliffs as final AAA arbitration award for underpaid royalties (2020-2022).
- July 2024 royalty payments from Cliffs were $5,325,522, slightly above $5,321,510 in July 2023.
- Trustees holding arbitration funds in reserve pending procedural deadlines; invested in interest-bearing accounts.
- No specific updates on Cliffs' plans for Northshore iron ore operations.

## SEC filing metadata
- accession: 0001558370-24-013375
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2024-10-17T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000155837024013375/0001558370-24-013375-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837024013375/msb-20241017x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-013375
- JSON: https://secwatch.observer/filing/0001558370-24-013375.json
- Plain text: https://secwatch.observer/filing/0001558370-24-013375.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.