Mesabi Trust

Mesabi Trust received $1.81 million in royalty payments for Q2 2026, with no bonus royalty credited due to iron ore prices falling below the threshold.

Mesabi Trust announced a reduced distribution of $0.05 per unit, down from $0.12 last year, citing lower royalty payments and industry uncertainties.

Mesabi Trust announced a quarterly distribution of $0.24 per unit, a significant decrease from last year's $0.56, citing lower royalty payments and the need for reserves.

Mesabi Trust announced it received $4.94 million in quarterly royalty payments from Cleveland-Cliffs for Q4 2025, despite a notable decrease in iron ore shipments compared to the prior year.

Mesabi Trust announced a distribution of $0.26 per Unit of Beneficial Interest, a significant decrease from $5.95 per Unit declared in the prior year, primarily due to non-recurring arbitration award revenue included last year and lower royalty payments.

Mesabi Trust announced a total royalty payment of $4,005,142 for the third quarter of 2025, driven by increased iron ore shipments.

Mesabi Trust reported a sharp 70% decline in net income for the quarter ended April 30, 2026, primarily due to the absence of bonus royalty revenue from iron ore shipments.

Mesabi Trust reported a significant decline in royalty income for the three and nine months ended October 31, 2025, alongside the initiation of a new arbitration against Northshore and Cliffs.

Mesabi Trust reported a significant decrease in royalty income and net income for the quarter and six months ended July 31, 2025, primarily due to lower iron ore shipments, pricing, and an extended maintenance shutdown at Northshore.

Mesabi Trust reported a significant decrease in royalty income and iron ore shipments for the quarter ended April 30, 2025, primarily due to an extended maintenance shutdown at Northshore Mining, yet net income and distributions per unit increased due to a sharp reduction in legal expenses.

Mesabi Trust's Q3 2024 results show a significant increase in net income due to a large arbitration award and higher royalty income.

Mesabi Trust's Q2 2024 results show a decrease in net income compared to the previous year, influenced by lower royalty income and increased expenses, despite a distribution to unitholders.

Mesabi Trust reports a significant decline in annual net income and distributions due to lower iron ore shipments and the absence of non-recurring arbitration revenue.

Mesabi Trust's fiscal year 2025 saw a significant increase in net income, driven by an arbitration award and higher royalty income, leading to substantially increased distributions to unitholders.

Mesabi Trust's annual report details a significant increase in royalty income due to increased production, alongside ongoing legal proceedings and operational updates.

Horizon Kinetics Asset Management LLC and its parent Horizon Kinetics Holding Corp. have reported beneficial ownership of 3,140,972 units in Mesabi Trust, representing 23.9% of the class.

Horizon Kinetics Asset Management LLC has increased its beneficial ownership in Mesabi Trust to 2,999,326 Units of Beneficial Interest, representing 22.9% of the class.

ValueWorks LLC and Charles Lemonides have reported a 5.23% beneficial ownership stake in Mesabi Trust, holding 685,846 Units of Beneficial Interest.

Horizon Kinetics Asset Management LLC has increased its beneficial ownership in Mesabi Trust to 21.7% of the CTF Beneficial Interest, as disclosed in a recent Schedule 13G filing.