---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-000205"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2025-01-14T23:59:59+00:00"
generated_at: "2026-05-28T02:27:34.522743+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust declares $5.95/unit distribution, up from $0.37, driven by $71.2M arbitration award

## Summary
- Distribution of $5.95 per Unit payable Feb 20, 2025 to holders of record Jan 30, 2025.
- Prior-year distribution was $0.37 per Unit; increase primarily reflects $71.2M AAA award from Cliffs/Northshore for underpaid royalties.
- Trust also received $7.36M in Oct 2024 royalty payments from Cliffs, up from $5.67M in Oct 2023.
- Trust notes uncertainties from Cliffs' scrap iron plans, iron ore volatility, and global economic factors.
- Quarterly royalty payment for Q4 2024 due Jan 30, 2025; Trust will file summary on Form 8-K.

## SEC filing metadata
- accession: 0001558370-25-000205
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2025-01-14T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000155837025000205/0001558370-25-000205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837025000205/msb-20250114x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-000205
- JSON: https://secwatch.observer/filing/0001558370-25-000205.json
- Plain text: https://secwatch.observer/filing/0001558370-25-000205.txt

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