Mesabi Trust Press Release
Mesabi Trust (MSB)
US:NYSE Investor Relations:
mesabi-trust.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Announcement of Mesabi Trust DistributionThe Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of thirty-nine cents ($0.39) per Unit of Beneficial Interest payable on November 20, 2024 to Mesabi Trust Unitholders of record at the close of business on October 30, 2024. This compares to a thirty-five cents ($0.35) per Unit distribution declared for the same period last year.The Trustees’ announcement today of a thirty-nine cents ($0.39) per Unit distribution, as compared to the thirty-five cents ($0.35) per Unit distribution announced by the Trust at the same time last year, reflects several points. The Trust’s receipt of total royalty payments of $5,325,522 on July 30, 2024 from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company (“Northshore”), was slightly higher than the total royalty payments of $5,321,510 received by the Trust from Cliffs in July 2023. The Trustees also determined that a portion of the unalloca
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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