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 seventy cents ($0.70) per Unit of Beneficial Interest payable on February 20, 2020 to Mesabi Trust Unitholders of record at the close of business on January 30, 2020. This compares to a distribution of one dollar and thirty-nine cents ($1.39) per Unit for the same period last year.The sixty-nine cents ($0.69) per Unit decrease in the current distribution, as compared to the distribution announced by the Trust at the same time last year, is primarily attributable to a lower volume of iron ore shipments, at lower prices, during the three month period ended September 30, 2019 compared to the same period of 2018, and to the Trust’s receipt of total royalty payments of $12,095,964 on October 30, 2019 from Northshore Mining Company (“Northshore”), which was lower than the total royalty payments of $18,259,954 received by the Trust from Northshore in October 2018. The Trust’s announcement today
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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