Mesabi Trust Stock News

While Mesabi Trust legal expenses should come down and help the bottom line, the royalty report shows that volumes are down in Q1. Moreover, CLF announced a partial idling at Hibbing Taconite amid tougher market conditions, which should affect MSB royalty attribution. We aren't confident enough about the economy to favor commodity-indexed and cycle-indexed exposures.

NEW YORK--(BUSINESS WIRE)--Receipt of Quarterly Royalty Report and Royalty Payment On April 30, 2025, the Trustees of Mesabi Trust received the Royalty Report from Cliffs, the parent company of Northshore. As reported to Mesabi Trust by Cliffs in the Royalty Report, based on shipments of iron ore products by Northshore during the three months ended March 31, 2025, Mesabi Trust was credited with...

NEW YORK--(BUSINESS WIRE)--Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of fifty-six cents ($0.56) per Unit of Beneficial Interest payable on May 20, 2025 to Mesabi Trust Unitholders of record at the close of business on April 30, 2025. This compares to a twenty-nine cents ($0.29) per Unit distribution declared for the same period las...

Mesabi Trust: Volume Recovery Means Royalty Rates Ratchet Up

NEW YORK--(BUSINESS WIRE)--Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of five dollars ninety-five cents ($5.95) per Unit of Beneficial Interest payable on February 20, 2025 to Mesabi Trust Unitholders of record at the close of business on January 30, 2025. This compares to a thirty-seven cents ($0.37) per Unit distribution declared ...