Mesabi Trust is a natural resources investment trust that focuses primarily on the acquisition and management of iron ore mining properties in the Mesabi Range of Minnesota. The trust earns revenue through royalties generated from the sale of iron ore produced by its lessees, who engage in the extraction and production processes. Mesabi Trust's structure allows it to distribute a significant portion of its income to shareholders, making it an appealing investment option for those seeking exposure to the iron ore market without direct involvement in the mining operations. The trust also plays a role in managing its assets to maximize returns and maintain its sustainability in the fluctuating commodities market. Read More
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The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of eighty-four cents ($0.84) per Unit of Beneficial Interest payable on August 20, 2022 to Mesabi Trust Unitholders of record at the close of business on July 30, 2022. This compares to a distribution of nine cents ($0.09) per Unit for the same period last year.
The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of One Dollar and four cents ($1.04) per Unit of Beneficial Interest payable on May 20, 2022 to Mesabi Trust Unitholders of record at the close of business on April 30, 2022. This compares to a distribution of eighty-nine cents ($0.89) per Unit for the same period last year.
