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Stock impact report

Mesabi Trust Press Release

Mesabi Trust (MSB) 
US:NYSE Investor Relations: mesabi-trust.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of sixteen cents ($0.16) per Unit of Beneficial Interest payable on August 20, 2017 to Mesabi Trust Unitholders of record at the close of business on July 30, 2017. This compares to a distribution of twenty cents ($0.20) per Unit for the same period last year. The four cents ($0.04) per Unit decrease in the current distribution, as compared to the same quarter last year, reflects the Trust’s receipt of total royalty payments of $366,840 on April 28, 2017, which was the total royalty payment paid to the Trust at that time, and the Mesabi Trustees’ determination that Mesabi Trust has sufficient cash available to make the distribution announced today. The Trustees’ determination of this distribution amount also reflects their continuing effort to maintain an appropriate level of unallocated reserve in order for the T Show less Read more
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