Recent 8-K filings for MSB

• July 31, 2026, 4:30 PM ET other material materiality 0.50 neutral item 2.02item 7.01

  Mesabi Trust receives $1.81M royalty for Q2 2026; shipments down 2.4% YoY, no bonus

  Total royalty payment of $1,807,779 received July 30, 2026: base royalty $1,585,696, bonus royalty $0.

• July 14, 2026, 4:45 PM ET dividend materiality 0.65 negative item 2.02item 9.01

  Mesabi Trust declares $0.05/unit distribution, down from $0.12/unit year ago

  Distribution of $0.05 per Unit payable Aug 20, 2026 to holders of record July 30, 2026.

• 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.

• April 16, 2024, 7:59 PM ET dividend materiality 0.60 positive item 2.02item 9.01 ◈ Earnings Releases

  Mesabi Trust declares $0.29/unit distribution after no distribution last year

  Distribution of $0.29 per unit payable May 20, 2024; record date April 30, 2024.

• February 1, 2024, 6:59 PM ET other material materiality 0.60 positive item 2.02item 7.01

  Mesabi Trust receives $6.4M in Q4 2023 royalty payments from Cleveland-Cliffs

  Total royalties $6,432,434 received Jan 30, 2024; base $3,819,821 plus bonus $2,361,242.

• January 12, 2024, 6:59 PM ET dividend materiality 0.60 positive item 2.02item 9.01 ◈ Earnings Releases

  Mesabi Trust declares $0.37 per unit distribution, resuming from zero last year

  Distribution of $0.37 per unit payable Feb 20, 2024 to holders of record Jan 30, 2024.

• November 1, 2023, 7:59 PM ET other material materiality 0.55 positive item 2.02item 7.01 ◈ Earnings Releases

  Mesabi Trust receives $5.5M Q3 2023 royalty vs zero last year as Northshore restarts

  Royalty payment received Oct 30, 2023: $5,461,618 to Mesabi Trust plus $204,636 to Mesabi Land Trust, total $5,666,254.

• October 13, 2023, 7:59 PM ET dividend materiality 0.50 neutral item 2.02item 9.01

  Mesabi Trust declares $0.35/unit distribution; first payout since restart of Northshore operations

  Distribution of $0.35/unit declared, payable Nov 20, 2023 to holders of record Oct 30, 2023.

• August 1, 2023, 7:59 PM ET other material materiality 0.75 positive item 2.02item 7.01 ◈ Earnings Releases

  Mesabi Trust Q2 2023 royalty payment totals $5.32M; shipped tons surge to 886K vs 198K YoY

  Base royalty of $3.36M and bonus royalty of $4.03M; net royalty after estimates change reduction of $2.30M was $5.09M to Trust.

• July 14, 2023, 7:59 PM ET dividend materiality 0.80 negative item 2.02item 9.01

  Mesabi Trust declares no July 2023 distribution vs $0.84/unit last year

  No distribution declared this quarter; prior-year period paid $0.84 per unit.

• June 26, 2023, 7:59 PM ET other material materiality 0.40 neutral item 4.01 ◈ Auditor Changes

  Mesabi Trust appoints Boulay PLLP as independent registered public accounting firm

  Baker Tilly US, LLP notified it would not stand for re-appointment on May 1, 2023.

• May 4, 2023, 7:59 PM ET other material materiality 0.75 negative item 2.02item 7.01item 4.01item 9.01 ◈ Earnings Releases

  Mesabi Trust receives zero Q1 royalty; tons shipped drop to 0 from 1.07M YoY; auditor exits

  Zero royalty paid for Q1 2023; 0 tons shipped vs 1,069,456 in Q1 2022.

• April 26, 2023, 7:59 PM ET other material materiality 0.75 positive item 7.01

  Cleveland-Cliffs partially restarts Northshore iron ore operations; full restart not expected in 2023

  Cliffs announced partial restart of Northshore mining operations in April 2023 after being totally idle since spring 2022.

• April 14, 2023, 7:59 PM ET dividend materiality 0.80 negative item 2.02item 9.01

  Mesabi Trust declares no April 2023 distribution; prior year paid $1.04/unit

  No distribution for April 2023; previous April distribution was $1.04 per unit.

• February 1, 2023, 6:59 PM ET other material materiality 0.85 negative item 2.02item 7.01

  Mesabi Trust receives $0 royalty for Q4 2022; Northshore idling continues; shipments negative

  No royalty paid on Jan 30, 2023; base and bonus royalties both $0.

• January 12, 2023, 6:59 PM ET other material materiality 0.70 negative item 2.02item 7.01item 9.01

  Mesabi Trust declares no distribution for Jan 2023; Northshore idling extended to Apr 2023

  No distribution declared this January 2023 vs $1.75/unit same period last year.

• November 2, 2022, 7:59 PM ET other material materiality 0.85 negative item 2.02item 7.01 ◈ Earnings Releases

  Mesabi Trust receives zero royalty for Q3 2022 as Northshore idling continues

  Zero tons shipped in Q3 2022 vs 1,169,461 tons in Q3 2021, resulting in $0 royalty payment.

• October 14, 2022, 7:59 PM ET other material materiality 0.80 negative item 2.02item 7.01item 9.01

  Mesabi Trust skips October distribution, initiates arbitration against Northshore and Cliffs for royalty underpayment

  No distribution declared for October 2022; same period last year was $1.42 per unit.

• August 2, 2022, 7:59 PM ET other material materiality 0.85 negative item 2.02item 7.01

  Mesabi Trust Q2 royalty plunges 86% YoY; Cliffs extends Northshore idling to at least April 2023

  Royalty payment of $2,314,994 on 198,495 tons shipped vs 1,393,902 tons in Q2 2021.

• July 22, 2022, 7:59 PM ET other material materiality 0.90 negative item 7.01

  Cliffs extends Northshore Mine idle to at least April 2023; Mesabi Trust royalties at risk

  Cliffs CEO said Northshore Mine will remain idle until at least April 2023, announced on July 22, 2022 earnings call.

• July 15, 2022, 7:59 PM ET dividend materiality 0.80 positive item 2.02item 9.01

  Mesabi Trust declares $0.84/unit distribution, up from $0.09 a year ago

  Distribution of $0.84 per unit payable Aug 20, 2022, record date July 30, 2022; prior year $0.09/unit.

• May 3, 2022, 7:59 PM ET other material materiality 0.70 negative item 2.02item 7.01item 9.01

  Mesabi Trust gets Q1 royalty $13.5M; Northshore idling starts May 1 for ~4 months

  Total royalty payments received from Cliffs on April 29 were $13,542,442 for Q1 2022 (base $6,032,086 + bonus $7,055,223).

• April 15, 2022, 7:59 PM ET dividend materiality 0.60 neutral item 2.02item 9.01

  Mesabi Trust declares $1.04/unit distribution, up 17% YoY; increases reserves for Northshore idling

  Distribution of $1.04/unit vs $0.89/unit last year, payable May 20, 2022 to record holders April 30, 2022.

• February 14, 2022, 6:59 PM ET other material materiality 0.85 negative item 7.01

  Cleveland-Cliffs idles Northshore mine Spring to Fall 2022; Mesabi Trust royalties at risk

  Cliffs to idle Northshore from Spring through at least Fall 2022; no production, shipments, or royalty payments during idling.

• February 1, 2022, 6:59 PM ET other material materiality 0.35 neutral item 2.02item 7.01item 9.01

  Mesabi Trust receives Q4 2021 royalty payment of $20.9M; shipments down slightly YoY

  Royalty payment of $20,933,315 received Jan 28, 2022 from Cleveland-Cliffs (base $13.7M + bonus $7.1M, net of -$151K adjustment).

• January 11, 2022, 6:59 PM ET dividend materiality 0.80 positive item 2.02item 9.01

  Mesabi Trust declares $1.75/unit distribution, up from $0.46 YoY

  Declared distribution of $1.75 per unit payable Feb 20, 2022 to holders of record Jan 30, 2022.

• November 4, 2021, 7:59 PM ET other material materiality 0.60 neutral item 2.02item 7.01item 9.01

  Mesabi Trust receives $16.2M Q3 royalty, plus $2.8M settlement for past underpaid DR grade royalties

  Q3 2021 royalty payment of $16,219,472 from Cliffs/Northshore, including base ($12.55M), bonus ($7.25M), negative pricing adjustments (-$6.08M), and deemed shipment adjustment ($2.31M).

• October 25, 2021, 7:59 PM ET other material materiality 0.85 negative item 7.01

  Cliffs plans to shift DR-grade pellet production away from Northshore, threatening Mesabi Trust royalties

  Cliffs CEO said it will shift DR-grade pellet production from Northshore to Minorca due to 'unreasonable royalty structure'.

• October 8, 2021, 7:59 PM ET dividend materiality 0.85 positive item 2.02item 7.01item 9.01

  Mesabi Trust declares $1.42/unit distribution, up 294% YoY; wins $2.74M arbitration award

  $1.42/unit distribution declared (payable Nov 20, record Oct 30), vs $0.36 same period last year (+$1.06).

• August 3, 2021, 7:59 PM ET other material materiality 0.70 positive item 2.02item 7.01item 9.01

  Mesabi Trust receives Q2 2021 royalty payment of $19.5M; shipments up ~30% YoY

  Base royalty $10.4M, bonus royalty $8.2M, positive pricing adjustment $0.7M.

• July 12, 2021, 7:59 PM ET dividend materiality 0.60 positive item 2.02item 9.01

  Mesabi Trust declares $0.09 per unit distribution, up from $0.05 year ago

  Distribution of $0.09 per unit payable Aug 20, 2021 to holders of record July 30, 2021.

Materiality & sentiment trend

Max materiality 0.90 · Median 0.70 · Most common event other_material

18 positive 21 negative 10 neutral

source · MSB on sec.gov