Every material Form 8-K MESABI TRUST has filed with the SEC since July 31, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Mesabi Trust received $3,071,304 in total royalty payments on October 30, 2026, based on Cliffs' quarterly report covering the quarter ended September 30, 2026. The trust was credited with a $2,802,377 base royalty and no bonus royalties, and Cliffs credited 1,142,290 tons shipped, up from 987,370 tons a year earlier. The filing says royalties vary widely from quarter to quarter and are not necessarily indicative of future royalties or distributions.
Total royalty payments received October 30, 2026 were $3,071,304, which includes a $268,927 payment to the Mesabi Land Trust.
Base royalty credited to Mesabi Trust was $2,802,377, and bonus royalties were zero dollars.
No bonus royalties were credited because deemed shipment prices were below the 2026 adjusted bonus royalty threshold of $71.70 per ton.
Tons shipped credited to Mesabi Trust rose to 1,142,290 in Q3 2026 from 987,370 in Q3 2025.
Mesabi Trust's trustees said no distribution has been declared this quarter and none will be paid in November 2026, compared with $0.34 per Unit declared for the same period last year. The trustees cited a July 30, 2026 royalty payment of $1,807,779 from Cleveland-Cliffs, which included no bonus royalty and was below the $5,300,287 received in July 2025, leaving unitholders with no quarterly payout.
No distribution declared this quarter and none to be paid in November 2026, versus $0.34 per Unit a year earlier
July 30, 2026 royalty payments from Cleveland-Cliffs totaled $1,807,779, with no bonus royalty, compared with $5,300,287 in July 2025
Cliffs reported zero bonus royalties in each 2026 quarterly report, with Silver Bay shipments priced below the $71.70 per ton threshold
Third-quarter royalty payments are due October 30, 2026, with a summary to be filed on Form 8-K afterward
Mesabi Trust received total royalty payments of $1,807,779 on July 30, 2026, based on iron ore shipments by Northshore Mining during the quarter ended June 30, 2026. The trust was credited with no bonus royalty, and Cliffs credited it with fewer tons shipped than in the same quarter of 2025, so royalty income for this quarter is lower on volume. The filing states that royalties vary from quarter to quarter and past results are not necessarily indicative of future payments.
Total royalty payments of $1,807,779 received July 30, 2026, including a base royalty of $1,585,696 and a $0 bonus royalty
Iron ore tons credited in Q2 2026 were 902,331, versus 924,442 tons in Q2 2025
Cliffs said deemed-shipment prices were below the 2026 adjusted bonus royalty threshold of $71.70 per ton; royalty calculations are based on estimated prices subject to change
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every MESABI TRUST filing is on SEC EDGAR ↗. 8-K briefs of other companies →