Mesabi Trust (NYSE: MSB) cuts quarterly distribution to $0.34 per unit

Rhea-AI Filing Summary

Mesabi Trust reported a new cash distribution to its unitholders. The Trustees declared a distribution of $0.34 per Unit of Beneficial Interest, payable on November 20, 2025 to unitholders of record at the close of business on October 30, 2025. This compares with a distribution of $0.39 per Unit declared for the same period a year earlier, indicating a lower payout versus last year. The details were disclosed in a press release furnished as an exhibit.

Positive

• None.

Negative

• Distribution per unit reduced year-over-year, with the declared cash payout at $0.34 per Unit versus $0.39 for the same period last year, lowering current income to unitholders.

Insights

Income-focused securities analyst

Mesabi Trust trims year-over-year cash distribution per unit.

Mesabi Trust declared a cash distribution of $0.34 per Unit of Beneficial Interest, payable on November 20, 2025 to holders of record on October 30, 2025. For income-oriented investors, the distribution level is a key indicator of cash generation from the underlying iron ore royalty interests.

The filing notes this compares to a prior distribution of $0.39 per Unit for the same period last year, a reduction of more than 10%. While no drivers are discussed here, such a change can reflect variability in production volumes, pricing, or other factors affecting distributable income.

This update is focused solely on the declared distribution and timing; there is no broader financial detail in the excerpt. Subsequent periodic reports and future distribution announcements will further clarify trends in the Trust’s cash flows over time.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 10, 2025

MESABI TRUST

(Exact name of registrant as specified in its charter)

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New York	1-4488	13-6022277
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

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c/o Deutsche Bank Trust Company Americas Trust & Agency Services 1 Columbus Circle, 17th Floor Mail Stop: NYC01-1710 New York, New York	10019
(Address of principal executive offices)	(Zip Code)

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(904) 271-2520

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Units of Beneficial Interest, no par value	MSB	New York Stock Exchange

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 2.02Results of Operations and Financial Condition.

Announcement of Distribution

On October 10, 2025, Mesabi Trust (the “Trust”) issued a press release announcing that the Trustees of Mesabi Trust declared a distribution of thirty-four cents ($0.34) per Unit of Beneficial Interest payable on November 20, 2025 to Mesabi Trust Unitholders of record at the close of business on October 30, 2025. This compares to a thirty-nine cents ($0.39) per Unit distribution declared for the same period last year. A copy of the press release is being furnished as Exhibit 99.1 to this Form 8 - K.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.		Description
99.1	​	Press Release dated October 10, 2025
104	​	Cover Page Interactive Data File (formatted in Inline XBRL and included as Exhibit 101)

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In accordance with general instruction B.2 to Form 8-K, the information in this Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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​	MESABI TRUST
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​	By:	/s/Chris Niesz
​	​	Chris Niesz
​	​	Director
​	​	Deutsche Bank Trust Company Americas, Corporate Trustee of Mesabi Trust

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Dated: October 10, 2025

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FAQ

What distribution did Mesabi Trust (MSB) declare in this 8-K?

Mesabi Trust declared a cash distribution of $0.34 per Unit of Beneficial Interest, as disclosed under Item 2.02.

When will Mesabi Trust’s $0.34 per unit distribution be paid?

The $0.34 per Unit cash distribution is payable on November 20, 2025.

What is the record date for Mesabi Trust’s latest distribution?

Unitholders of record at the close of business on October 30, 2025 will be entitled to receive the distribution.

How does Mesabi Trust’s new distribution compare to last year’s for the same period?

The new distribution of $0.34 per Unit compares to a $0.39 per Unit distribution declared for the same period last year, representing a lower payout.

What exhibit accompanies Mesabi Trust’s 8-K distribution announcement?

A press release dated October 10, 2025 is furnished as Exhibit 99.1 with additional details on the distribution.

Are the Mesabi Trust distribution details considered filed or furnished?

The distribution information is being furnished under Item 2.02 and is stated as not being deemed “filed” for purposes of Section 18 of the Exchange Act.