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8-K - MESABI TRUST (0000065172) (Filer)
8-K - MESABI TRUST (0000065172) (Filer)
8-K - MESABI TRUST (0000065172) (Filer)
Announcement of Mesabi Trust Distribution The 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 fro
AAA Arbitration Final Award As previously reported, on October 14, 2022, Mesabi Trust initiated arbitration against Northshore Mining Company ("Northshore"), the lessee/operator of the leased lands, and its parent, Cleveland-Cliffs Inc. ("Cliffs"), with the American Arbitration Association ("AAA"). The Trust sought an award of damages relating to Cliffs' and Northshore's underpayment of royalties in 2020, 2021, and the first four months of 2022 by virtue of Cliffs' and Northshore's failure to use the highest priced arm's-length iron ore pellet sale from the preceding four quarters in pricing certain pellet shipments from 2020 through the first four months of 2022. The Trust also sought dec
Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of thirty cents ($0.30) per Unit of Beneficial Interest payable on August 20, 2024 to Mesabi Trust Unitholders of record at the close of business on July 30, 2024. This compares to no distribution declared for the same period last year. The Trustees' announcement today of a thirty cents ($0.30) per Unit distribution, as compared to no distribution announced by the Trust at the same time last year, is primarily attributable to the increase in the total royalties received by the Trust in April 2024, as compared to the total royalties received by the Trust in April 2023. In particu
SC 13G/A - MESABI TRUST (0000065172) (Subject)
SC 13G/A - MESABI TRUST (0000065172) (Subject)
SC 13G/A - MESABI TRUST (0000065172) (Subject)
Mesabi Trust (NYSE:MSB):Receipt of Quarterly Royalty Report and Royalty PaymentOn April 30, 2024, the Trustees of Mesabi Trust (NYSE:MSB) received the quarterly royalty report of iron ore shipments from Silver Bay, Minnesota during the quarter ended March 31, 2024 (the "Royalty Report") from Cleveland-Cliffs Inc. ("Cliffs"), the parent company of Northshore Mining Company ("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, 2024, Mesabi Trust was credited with a base royalty of $2,106,086. For the three months ended March 31, 2024, Mesabi Trust was also credited with a bonus r
New Equities that Broke Through 52-Week Lows Friday Morning During Friday's morning session, 121 stocks hit new 52-week lows. Interesting Highlights From Today's 52-Week Lows And Highs: The largest company in terms of market cap to set a new 52-week low was First Republic Bank (NYSE:FRC). Nuwellis (NASDAQ:NUWE) was the smallest firm by market cap to set a new 52-week low. Novo Integrated Sciences (NASDAQ:NVOS) was the biggest loser, trading down 54.67% to reach its 52-week low. Blackrock Core Bond Tr (NYSE:BHK)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. During the first half-hour of trading on Friday, the following stocks broke to new 52