Mesabi Trust Press Release
Mesabi Trust (MSB)
US:NYSE Investor Relations:
mesabi-trust.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of twenty-one cents ($0.21) per Unit of Beneficial Interest payable on August 20, 2019 to Mesabi Trust Unitholders of record at the close of business on July 30, 2019. This compares to a distribution of twenty-two cents ($0.22) per Unit of Beneficial Interest for the same period last year.The one cent ($0.01) per Unit decrease in the current distribution, as compared to the same quarter last year, is partly attributable to a lower volume of shipments during the first calendar quarter 2019 compared to the first calendar quarter 2018, and to higher expenses generally. The distribution announced today recognizes that the Trust received total royalty payments of $3,149,582 on April 30, 2019 from Northshore Mining Company (“Northshore”). The Trust’s announcement today further reflects the Mesabi Trustees’ determination that Mesabi Trust presently has sufficient reserves available to make such a d
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Sec Filings
- 11/13/24 - Form SC
- 11/1/24 - Form 8-K
- 10/17/24 - Form 8-K
- MSB's page on the SEC website