Mesabi Trust declares no distribution this quarter, versus $0.34 per Unit a year earlier
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2026.
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.