Welcome to our dedicated page for Mesabi Trust news (Ticker: MSB), a resource for investors and traders seeking the latest updates and insights on Mesabi Trust stock.
Mesabi Trust (NYSE: MSB) is a New York royalty trust whose income is tied to iron ore production and shipments from leased lands on the Mesabi Iron Range. The trust’s news flow is closely linked to royalty payments from Cleveland-Cliffs Inc. and its subsidiary Northshore Mining Company, as well as to operational decisions affecting Northshore’s iron ore activities.
News releases for Mesabi Trust frequently cover distribution declarations, where the trustees announce per-unit distributions of beneficial interest and explain how recent royalty receipts, reserve decisions, and market uncertainties influenced those amounts. These announcements compare distributions to prior periods and describe factors such as changes in royalty payments, volatility in the iron ore and steel industries, national and global economic conditions, and potential changes in trade laws or tariffs.
Another major category of MSB news involves quarterly royalty reports and payments. The trust regularly reports base and bonus royalty amounts credited by Cliffs, tons of iron ore shipped from Mesabi Trust lands in each quarter, and any adjustments related to prior periods. These updates help readers understand how shipment volumes and pricing of iron ore products translate into royalty income for the trust.
Mesabi Trust news also includes legal and arbitration developments. Public releases describe arbitration proceedings initiated through the American Arbitration Association over alleged underpayment of royalties and the methodology used for pricing certain pellet shipments. Notable items include the final arbitration award reported in September 2024 for underpaid royalties in 2020, 2021, and early 2022, and the commencement of a new arbitration in September 2025 related to the idling of Northshore’s operations and intercompany shipments.
Investors and observers who follow MSB news can use this stream of press releases and related SEC Form 8-K summaries to track royalty trends, distribution decisions, and disputes affecting Mesabi Trust’s royalty entitlements. Bookmarking the news page provides a focused view of developments that directly influence the trust’s royalty-based income.
Mesabi Trust (NYSE:MSB) declared a distribution of $0.26 per unit payable Feb 20, 2026 to unitholders of record on Jan 30, 2026. The trustees said the distribution is materially lower than the $5.95 per unit distribution a year earlier because that prior payout included a non-recurring $71,185,029 arbitration award paid Oct 4, 2024. The trustees noted Oct 30, 2025 royalty receipts of $4,005,142 versus $7,355,929 in Oct 2024 and cited reserves, Cliffs/Northshore operational uncertainty, iron-ore market volatility and trade risks as factors influencing the distribution decision.
Mesabi Trust (NYSE:MSB) declared a distribution of $0.34 per unit payable on November 20, 2025 to unitholders of record as of October 30, 2025. This compares with $0.39 per unit paid for the same period last year.
The trustees noted the Trust received a quarterly royalty payment of $5,300,287 on July 30, 2025 from Cleveland‑Cliffs, parent of Northshore, and are maintaining reserves to cover current and potential future liabilities. Trustees reported no specific updates on Northshore operations and cited industry, trade and global uncertainties. Quarterly royalties and the royalty report are due October 30, 2025, after which the Trust plans to file a Form 8‑K summarizing the report.
Mesabi Trust (NYSE:MSB) has initiated arbitration proceedings against Northshore Mining Company and its parent company Cleveland Cliffs Inc. through the American Arbitration Association on September 26, 2025. The Trust is seeking damages and declaratory relief regarding two key issues: the idling of Northshore's operations from May 2022 to April 2023, and alleged underpayment of royalties on intercompany shipments from 2023 to present.
The press release includes cautionary statements about forward-looking statements, highlighting various risk factors that could affect operations, including adverse business trends, uncertainties from global events, customer demand fluctuations, and environmental compliance issues.
Mesabi Trust (NYSE:MSB) has declared a distribution of $0.12 per Unit of Beneficial Interest, payable on August 20, 2025, to unitholders of record as of July 30, 2025. This represents a 60% decrease from the $0.30 per unit distribution declared in the same period last year.
The reduced distribution reflects lower royalty payments received from Cleveland-Cliffs Inc., which totaled $2,422,329 in April 2025, down from $5,059,648 in April 2024. The trustees' decision considered various factors, including uncertainties in Cliffs' vertical supply chain planning, volatility in iron ore and steel industries, and global economic uncertainties.
Mesabi Trust (NYSE:MSB) has declared a distribution of $0.56 per Unit of Beneficial Interest, payable on May 20, 2025, to unitholders of record as of April 30, 2025. This represents a significant increase from the $0.29 per Unit distributed in the same period last year.
The higher distribution reflects increased royalty payments from Cleveland-Cliffs Inc., which rose to $8,986,464 in January 2025 from $6,432,434 in January 2024. The Trustees' decision considers various factors, including Cliffs' plans to increase scrap iron usage, volatility in iron ore and steel industries, global economic uncertainties, and trade-related concerns.
The next quarterly royalty payment and report from Cliffs and Northshore for Q1 iron ore production and shipments are due April 30, 2025.
Mesabi Trust (NYSE:MSB) has declared a distribution of $5.95 per Unit of Beneficial Interest, payable on February 20, 2025, to unitholders of record as of January 30, 2025. This represents a significant increase from the $0.37 per Unit distribution paid in the same period last year.
The substantial increase primarily reflects non-recurring revenue from a $71,185,029 arbitration award paid by Northshore Mining Company and Cleveland-Cliffs Inc. on October 4, 2024. This award compensates for underpaid royalties from 2020 through early 2022. Additionally, the Trust received royalty payments of $7,355,929 on October 30, 2024, up from $5,666,254 in October 2023.
The distribution decision considers various factors, including uncertainties about Cliffs' plans for Northshore operations, potential volatility in iron ore and steel industries, and global economic uncertainties.
Mesabi Trust (NYSE:MSB) has declared a distribution of $0.39 per Unit of Beneficial Interest, payable on November 20, 2024, to unitholders of record as of October 30, 2024. This represents an increase from the $0.35 per unit distribution declared for the same period last year. The increase reflects:
1. Slightly higher royalty payments received from Cleveland-Cliffs Inc. in July 2024 ($5,325,522) compared to July 2023 ($5,321,510).
2. Use of a portion of the unallocated reserve for this distribution.
3. A recent arbitration award of $71,185,029 paid to Mesabi Trust on October 4, 2024, for underpayment of royalties from 2020 to early 2022.
The Trustees are holding the arbitration funds in reserve pending procedural deadlines and assessment of other factors. The distribution decision also considers uncertainties in the iron ore and steel industries, economic conditions, and potential global unrest.
Mesabi Trust (MSB) has won a significant arbitration award against Northshore Mining Company and Cleveland-Cliffs Inc. The American Arbitration Association (AAA) has awarded Mesabi Trust $59,799,977 in damages for underpaid royalties from 2020 to early 2022, plus $11,288,269 in pre-award interest. The total award of over $71 million must be paid by October 6, 2024. The arbitration panel also approved Mesabi Trust's ongoing right to documentation for verifying royalty calculations. However, the Trust's request for declaratory relief regarding the timing of royalty obligation accrual was denied. This outcome resolves a dispute initiated by Mesabi Trust in October 2022 over royalty underpayments related to iron ore pellet sales pricing.
The Trustees of Mesabi Trust (NYSE:MSB) have declared a distribution of $0.30 per Unit of Beneficial Interest, payable on August 20, 2024, to unitholders of record as of July 30, 2024. This marks a significant change from the previous year, when no distribution was declared. The increased distribution is due to higher royalty payments of $5,059,648 received from Cleveland-Cliffs Inc. in April 2024, compared to no royalties in April 2023 because of Northshore Mining's idling. Despite the positive changes, uncertainties persist regarding the future of Northshore operations and global economic conditions.
The Trustees emphasized the necessity of maintaining reserves to cover potential future liabilities and expenses. They also considered Cliffs' plans for increased scrap iron use, potential volatility in iron ore markets, and costs related to ongoing arbitration against Cliffs and Northshore. The next royalty payments and reports are expected by July 30, 2024, and will be filed with the SEC.
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