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
Mesabi Trust exemplifies quality investing with exceptional profitability, zero debt, and strong cash generation, though its iron ore royalty model carries cyclical risks.
Mesabi Trust (MSB) exemplifies the Caviar Cruise strategy with exceptional profitability, zero debt, and strong cash flow from its unique iron ore royalty model.
The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of twelve cents ($0.12) per Unit of Beneficial Interest payable on August 20, 2025 to Mesabi Trust Unitholders of record at the close of business on July 30, 2025. This compares to a thirty cents ($0.30) per Unit distribution declared for the same period last year.
