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 fifty-six cents ($0.56) per Unit of Beneficial Interest payable on May 20, 2020 to Mesabi Trust Unitholders of record at the close of business on April 30, 2020. This compares to a distribution of eighty-nine cents ($0.89) per Unit for the same period last year.The thirty-three cents ($0.33) per Unit decrease in the current distribution, as compared to the distribution announced by the Trust at the same time last year, is primarily attributable to a lower volume of iron ore shipments, at lower prices, during the three month period ended December 31, 2019 compared to the same period of 2018, and to the Trust’s receipt of total royalty payments of $9,410,394 on January 30, 2020 from Northshore Mining Company (“Northshore”), which was lower than the total royalty payments of $12,388,664 received by the Trust from Northshore in January 2019. The Trust’s announcement today also reflects that t
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News
- Mesabi Trust Press Release [Yahoo! Finance]Yahoo! Finance
- Mesabi Trust Press ReleaseBusiness Wire
- Mesabi Trust (NYSE: MSB) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Mesabi Trust Press ReleaseBusiness Wire
MSB
Sec Filings
- 5/2/24 - Form 8-K
- 4/24/24 - Form ARS
- 4/24/24 - Form 10-K
- MSB's page on the SEC website