Mesabi Trust Announces $0.24 Per Unit Distribution

What Happened
Mesabi Trust (MSB) filed an 8-K (Item 2.02) on April 14, 2026 announcing that its Trustees declared a distribution of $0.24 per Unit of Beneficial Interest. The distribution is payable on May 20, 2026 to unitholders of record at the close of business on April 30, 2026. The press release announcing the distribution is furnished as Exhibit 99.1 to the Form 8-K.

Key Details

• Distribution declared: $0.24 per Unit of Beneficial Interest.
• Record date: April 30, 2026; Payment date: May 20, 2026.
• Year-over-year comparison: prior-year distribution for the same period was $0.56 per Unit.
• Disclosure filed under Item 2.02 (Results of Operations and Financial Condition); press release included as Exhibit 99.1.

Why It Matters
This announcement informs income-focused unitholders of the upcoming cash distribution and the material reduction versus the same period last year ($0.24 vs. $0.56). Investors tracking yield, cash flow, or quarterly income from Mesabi Trust should note the lower payout and the official record and payment dates for eligibility.