Mesabi Trust(MSB) - 2025 Q2 - Quarterly Results

Distribution - Mesabi Trust declared a distribution of $0.39 per Unit of Beneficial Interest, an increase from $0.35 per Unit for the same period last year[4] - The distribution reflects the Trustees' decision to hold funds in reserve pending procedural deadlines related to the arbitration[5] Arbitration and Payments - The Trust received a payment of $71,185,029 from Northshore Mining Company and Cleveland-Cliffs Inc. as a result of an arbitration award for underpayment of royalties[5]