MESABI TRUST (NYSE:MSB) Files An 8-K Results of Operations and Financial Condition
Item 2.02Results of Operations and Financial Condition.
On January11, 2019, Mesabi Trust issued a press release announcing that the Trustees of Mesabi Trust declared a distribution of One Dollar and Thirty-Nine Cents ($1.39) per Unit of Beneficial Interest payable on February20, 2019 to Mesabi Trust Unitholders of record at the close of business on January30, 2019. A copy of the press release is being furnished as Exhibit99.1 to this Form8‑K.
Item 2.02Financial Statements and Exhibits.
Press release, dated January11, 2019.
In accordance with general instruction B.2 to Form8‑K, the information in this Form8‑K shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
MESABI TRUST Exhibit
EX-99.1 2 ex-99d1.htm EX-99.1 msb_Ex99_1 EXHIBIT 99.1 MESABI TRUST PRESS RELEASE January 11,…
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About MESABI TRUST (NYSE:MSB)
Mesabi Trust is a royalty trust. The purpose of the Trust is to conserve and protect the Trust Estate. The Trust operates in the iron ore mining segment. The Trust derives income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The lessee/operator of Mesabi Trust’s mineral interests is Northshore Mining Corporation (NMC), a subsidiary of Cliffs Natural Resources Inc. (Cliffs). NMC produces iron ore from Mesabi Trust Lands. The principal assets of Mesabi Trust consist of two different interests in certain properties in the Mesabi Iron Range: Mesabi Trust’s interest as assignor in the Amended Assignment of Peters Lease and the Amended Assignment of Cloquet Lease and Mesabi Trust’s ownership of the entire beneficial interest in the Mesabi Land Trust, which has interest as fee owner in the Peters Lease Lands and a fee ownership in certain non-mineral-bearing lands adjacent to the Peters and Cloquet Lease Lands.