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Mesabi Trust (MSB)

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Last Post: 4/19/2012 2:47:43 AM - Followers: 8 - Board type: Free - Posts Today: 0

MSB Company OverviewCompany Contact

Headquarters: c/o Deutsche Bank Trust Co.
Trust & Securities Services
60 Wall Street 27th Floor
New York, NY 10005
Web Address:

Mesabi Trust (Trust) was established to conserve and protect the Trust Estate and to collect and distribute the income and proceeds there from to the Trust's certificate holders after. The Agreement of Trust prohibits the Trust from engaging in any business. The lessee/operator of Mesabi Trust's mineral interests is Northshore Mining Corporation (NMC), a subsidiary of Cleveland-Cliffs Inc (CCI). The Trust owns two different interests in certain properties in the Mesabi Iron Range: Mesabi Trust's interest as assignor in the Amended Assignment of Peters Lease and the Amended Assignment of Cloquet Lease, which together cover properties aggregating approximately 9,750 largely contiguous acres in St. Louis County, Minnesota, and Mesabi Trust's ownership of the entire beneficial interest in the Mesabi Land Trust, which has a 20% interest as fee owner in the Peters Lease Lands and a 100% fee ownership in certain non-mineral-bearing lands adjacent to the Peters and Cloquet Lease Lands.

Background

Mesabi Trust (“Mesabi Trust” or the “Trust”), formed pursuant to an Agreement of Trust dated July 18, 1961 (the “Agreement of Trust”), is a trust organized under the laws of the State of New York.  Mesabi Trust holds all of the interests formerly owned by Mesabi Iron Company (“MIC”), including all right, title and interest in the Amendment of Assignment, Assumption and Further Assignment of Peters Lease (the “Amended Assignment of Peters Lease”), the Amendment of Assignment, Assumption and Further Assignment of Cloquet Lease (the “Amended Assignment of Cloquet Lease” and together with the Amended Assignment of Peters Lease, the “Amended Assignment Agreements”), the beneficial interest in the Mesabi Land Trust (as such term is defined below) and all other assets and property identified in the Agreement of Trust. The Amended Assignment of Peters Lease relates to an Indenture made as of April 30, 1915 among East Mesaba Iron Company (“East Mesaba”), Dunka River Iron Company (“Dunka River”) and Claude W. Peters (the “Peters Lease”) and the Amended Assignment of Cloquet Lease relates to an Indenture made May 1, 1916 between Cloquet Lumber Company and Claude W. Peters (the “Cloquet Lease”).

 

The Agreement of Trust specifically prohibits the Trustees from entering into or engaging in any business.  This prohibition applies even to business activities the Trustees may deem necessary or proper for the preservation and protection of the Trust Estate.  Accordingly, the Trustees’ activities in connection with the administration of Trust assets are limited to collecting income, paying expenses and liabilities, distributing net income to the holders of Certificates of Beneficial Interest in Mesabi Trust (“Unitholders”) after the payment of, or provision for, such expenses and liabilities, and protecting and conserving the assets held.

 

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MSB
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Option Chain for MSB
MSB News: Current Report Filing (8-k) 07/14/2014 03:54:12 PM
MSB News: Mesabi Trust Declares Distribution 07/11/2014 04:20:00 PM
MSB News: Initial Statement of Beneficial Ownership (3) 06/11/2014 04:24:07 PM
MSB News: Quarterly Report (10-q) 06/06/2014 04:03:23 PM
MSB News: Current Report Filing (8-k) 06/06/2014 11:50:45 AM
PostSubject
#224   <<< $MSB Links! >>> ~ MAC's Quick DD Fa$tlane 04/19/12 02:47:43 AM
#223   ~ Wednesday! $MSB ~ Q1 Earnings posted, pending Fa$tlane 04/19/12 02:47:27 AM
#222   look this is a great stock everyone should fsugetitdone 01/17/12 12:24:58 PM
#221   MSB - Chart... The_Free_Nebula 01/14/12 08:39:32 AM
#220   it may be even better... ligh7 12/16/11 08:01:08 PM
#219   Interesting The_Free_Nebula 12/16/11 02:52:08 PM
#218   Iron Ore Shortage... ligh7 12/16/11 02:24:49 PM
#217   Gotta love msb The_Free_Nebula 10/24/11 11:33:57 AM
#216   Great move off the floor The_Free_Nebula 08/15/11 10:30:55 PM
#215   MSB - nice run off the bottom... The_Free_Nebula 07/07/11 07:56:46 PM
#214   Low price now The_Free_Nebula 05/11/11 10:32:10 PM
#213   Beat down hard The_Free_Nebula 05/05/11 01:54:04 AM
#212   Can't tell you a number to get in...but The_Free_Nebula 04/08/11 06:51:42 PM
#211   in order to buy this whats a good Bakinskiy 04/08/11 06:05:16 PM
#210   MSB - a beautiful thing...52 week high here The_Free_Nebula 03/29/11 07:07:06 PM
#209   Back over 40 The_Free_Nebula 03/28/11 08:28:21 PM
#208   Heading back to 40 The_Free_Nebula 03/26/11 04:40:55 PM
#207   Not doing so bad considering The_Free_Nebula 03/16/11 07:07:56 PM
#206   MSB - basing The_Free_Nebula 03/12/11 09:10:55 AM
#205   Looks to me that the trend is up The_Free_Nebula 03/08/11 07:34:21 AM
#204   you think this is going down to 31.5 MrAsh 03/08/11 12:50:55 AM
#203   Pending The_Free_Nebula 03/07/11 06:57:31 PM
#202   coming back to life The_Free_Nebula 03/04/11 07:58:38 AM
#201   MSB - smoking The_Free_Nebula 02/17/11 10:20:03 PM
#200   I think comeback will commence soon The_Free_Nebula 02/10/11 04:08:40 PM
#199   MSB - Will run again later in the The_Free_Nebula 02/03/11 11:48:06 PM
#198   New life flowing back into MSB... The_Free_Nebula 01/18/11 06:59:08 PM
#197   The Trustees of Mesabi Trust (NYSE: MSB) declared The_Free_Nebula 01/14/11 07:39:41 PM
#196   signs of a rebound The_Free_Nebula 01/12/11 07:37:04 PM
#195   MSB - time to resume kicking azz The_Free_Nebula 01/03/11 06:02:36 PM
#194   Stock is way oversold now...but cleaning is needed The_Free_Nebula 12/31/10 01:43:25 PM
#193   $8 or less. Lowjack 12/28/10 05:48:23 PM
#192   Mesabi Trust: 2010 Year in Review The_Free_Nebula 12/28/10 05:32:43 PM
#191   I will be very suprised if you will The_Free_Nebula 12/28/10 01:30:41 PM
#190   what's a good amount to get in??? MrAsh 12/28/10 11:15:50 AM
#189   I should have grabbed a few... The_Free_Nebula 12/28/10 12:17:14 AM
#188   liking the recovery today... grabbed some calls. birdshot 12/27/10 06:54:01 PM
#187   MSB - comeback trail... The_Free_Nebula 12/27/10 04:34:53 PM
#186   89 DMA - hit... The_Free_Nebula 12/27/10 10:38:58 AM
#185   50 DMA broken...next up...89 DMA The_Free_Nebula 12/23/10 11:27:41 AM
#184   Still sucking wind this week so far...Reshuffling so losers... The_Free_Nebula 12/20/10 04:30:19 PM
#183   Strong dollar forced a correction The_Free_Nebula 12/15/10 05:47:09 PM
#182   MSB - gotto love this play.... The_Free_Nebula 12/10/10 07:58:07 PM
#181   MSB gap closed....under upper BB .... Time to The_Free_Nebula 12/08/10 12:24:02 AM
#180   BeeN there...you may be looking at delayed quotes....new The_Free_Nebula 12/06/10 11:38:18 AM
#179   It made it ichjw 12/06/10 11:17:45 AM
#178   Close ichjw 12/06/10 11:00:38 AM
#177   How about $53 The_Free_Nebula 12/06/10 10:53:05 AM
#176   Busted $52 ichjw 12/06/10 10:00:39 AM
#175   Two cent away from $50 bucks....one more white The_Free_Nebula 12/03/10 10:22:57 PM
PostSubject