Recent 8-K filings for MSB

• May 4, 2026, 7:59 PM ET earnings materiality 0.75 negative item 2.02item 7.01item 8.01item 9.01 ◈ Earnings Releases

  Mesabi Trust Q1 2026: no bonus royalty paid; shipments up but pricing below threshold

  Total royalty payment of $1,625,300 received Apr 30, 2026; bonus royalty $0 – first time in years (excl. 2022-23 idling).

• April 14, 2026, 7:59 PM ET dividend materiality 0.75 negative item 2.02item 9.01 ◈ Earnings Releases

  Mesabi Trust cuts quarterly distribution to $0.24 from $0.56; royalty payments fell 45%

  Distribution of $0.24/unit declared, payable May 20 to holders of record Apr 30; down from $0.56 last year.

• February 3, 2026, 6:59 PM ET other material materiality 0.50 negative item 2.02item 7.01

  Mesabi Trust receives Q4 2025 royalty payment of $4.94M; iron ore shipments down 14% YoY

  Total royalty payment of $4,943,488 received on Jan 30, 2026 from Cleveland-Cliffs.

• January 16, 2026, 6:59 PM ET dividend materiality 0.90 negative item 2.02item 9.01

  Mesabi Trust declares $0.26/unit distribution, down 96% YoY from $5.95

  Distribution of $0.26 per unit payable Feb 20, 2026 to holders of record Jan 30, 2026.

• October 31, 2025, 7:59 PM ET other material materiality 0.55 neutral item 2.02item 7.01

  Mesabi Trust receives $4.0M Q3 royalty payment; shipments up 1.6% YoY

  Total royalty payment of $4,005,142 received Oct 30, 2025, comprising base royalty $2,817,500 and bonus $973,410.

• October 10, 2025, 7:59 PM ET dividend materiality 0.55 negative item 2.02item 9.01

  Mesabi Trust declares $0.34/unit distribution, down from $0.39 year ago

  Distribution of $0.34 per unit payable Nov 20, 2025 to holders of record Oct 30, 2025.

• September 26, 2025, 7:59 PM ET litigation materiality 0.70 negative item 7.01item 9.01

  Mesabi Trust initiates arbitration against Cleveland-Cliffs over idling and royalty underpayments

  Arbitration filed Sept 26, 2025 via American Arbitration Association against Northshore Mining and Cleveland-Cliffs.

• August 1, 2025, 7:59 PM ET other material materiality 0.50 neutral item 2.02item 7.01

  Mesabi Trust receives $5.3M Q2 royalty payment; iron ore shipments down 2.7% YoY

  Total royalty payment of $5,300,287 received on July 30, 2025 for Q2 ended June 30, 2025.

• July 11, 2025, 7:59 PM ET dividend materiality 0.75 negative item 2.02item 9.01

  Mesabi Trust cuts distribution to $0.12/unit from $0.30, citing lower royalty receipts

  Distribution of $0.12/unit declared for Aug 20, 2025, vs $0.30/unit a year ago (60% decrease).

• May 2, 2025, 7:59 PM ET other material materiality 0.80 negative item 2.02item 7.01item 8.01item 9.01

  Mesabi Trust Q1 2025 royalty payment $2.4M; shipments down 55% YoY to 457,728 tons

  Received total royalty payment of $2,422,329 for Q1 2025 (base $1,067,762, bonus $1,281,315).

• April 15, 2025, 7:59 PM ET dividend materiality 0.65 positive item 2.02item 9.01

  Mesabi Trust declares $0.56/unit quarterly distribution, up 93% from $0.29/unit year ago

  Distribution of $0.56/unit declared, payable May 20, 2025 to holders of record April 30, 2025.

• February 3, 2025, 6:59 PM ET other material materiality 0.60 positive item 2.02item 7.01

  Mesabi Trust receives Q4 2024 royalty of $8.99M on 1.11M tons shipped, up from 964k tons YoY

  Total royalty payment of $8,986,464 received from Cleveland-Cliffs for Q4 2024.

• January 14, 2025, 6:59 PM ET dividend materiality 0.85 positive item 2.02item 9.01

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

  Distribution of $5.95 per Unit payable Feb 20, 2025 to holders of record Jan 30, 2025.

• November 1, 2024, 7:59 PM ET other material materiality 0.50 neutral item 2.02item 7.01

  Mesabi Trust Q3 2024 royalty $7.36M; shipped tons down 4.6% YoY

  Total royalty of $7,355,929: base $4,469,814, bonus $2,718,456, plus $167,659 to Land Trust.

• October 17, 2024, 7:59 PM ET dividend materiality 0.70 positive item 2.02item 7.01item 9.01

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

  Distribution of $0.39 per unit payable Nov 20, 2024 to holders of record Oct 30, 2024, up from $0.35 last year.

• September 10, 2024, 7:59 PM ET other material materiality 0.75 positive item 7.01item 9.01

  Mesabi Trust awarded $59.8M in arbitration against Cleveland-Cliffs for underpaid royalties

  AAA panel unanimously awarded $59,799,977 damages for underpaid royalties (2020-2022) plus $11,288,269 pre-award interest at 10% simple interest per annum.

• August 1, 2024, 7:59 PM ET other material materiality 0.60 neutral item 2.02item 7.01

  Mesabi Trust receives $5.3M Q2 royalty payment; iron ore shipments up 7% YoY

  Total royalty payment of $5,325,522 received July 30, 2024, comprising base $2,783,747 and bonus $2,386,069.

• July 12, 2024, 7:59 PM ET dividend materiality 0.60 positive item 2.02item 9.01

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

  Distribution of $0.30 per unit payable August 20, 2024 to holders of record July 30, 2024.

• May 2, 2024, 7:59 PM ET other material materiality 0.65 positive item 2.02item 7.01item 8.01item 9.01 ◈ Earnings Releases

  Mesabi Trust receives $5.06M royalty on 1.0M tons shipped in Q1 2024 vs zero in Q1 2023

  Total royalty payment of $5,059,648 received on April 30, 2024 from Cleveland-Cliffs.

Materiality & sentiment trend

Max materiality 0.90 · Median 0.65 · Most common event other_material

7 positive 8 negative 4 neutral

source · MSB on sec.gov