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Mesabi Trust (MSB)

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Last Post: 10/26/2021 2:43:14 PM - Followers: 13 - 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.


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.


Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
MSB News: Current Report Filing (8-k) 11/04/2021 12:19:59 PM
MSB News: Current Report Filing (8-k) 10/08/2021 01:19:12 PM
MSB News: Mesabi Trust Press Release 10/08/2021 12:46:00 PM
MSB News: Quarterly Report (10-q) 09/13/2021 12:12:03 PM
MSB News: Mesabi Trust declares $0.09 dividend 07/12/2021 04:51:33 PM
#248   You want the ore, you will pay for it! Lowjack 10/26/21 02:43:14 PM
#247   Without providing more details, Goncalves said Northshore is Saving Grace 10/25/21 10:42:25 AM
#246   Reason for today's selloff: #msg-166468979. DewDiligence 10/22/21 11:01:39 AM
#245   Sell earnings!!! Lowjack 08/20/21 05:59:39 PM
#244   https://finance.yahoo.com/news/u-steel-plans-lay-off-221654984.html Lowjack 08/19/19 10:10:22 PM
#243   Nice guess. Came in at $1.18 Silcox 01/12/18 06:54:32 PM
#242   Sure. The distribution to be announced in nas101 01/07/18 07:33:37 PM
#241   Anybody got a guess or estimated # on Silcox 01/03/18 10:35:21 PM
#240   This has been on an absolute Run the past year! trickledownfacists 09/22/17 10:14:40 AM
#239   MSB bullish 10.43 stocktrademan 07/15/16 11:03:38 AM
#238   Should be under a $1!!! Lowjack 06/07/16 01:57:23 PM
#237   Unownable and the Trustee is paying out monies Lowjack 04/15/16 07:42:59 PM
#236   LOL what moves will change that? Timothy Smith 02/05/16 01:21:02 PM
#235   It will only improve once the control of Lowjack 02/03/16 11:51:12 AM
#234   Is your outlook improving from here? Timothy Smith 02/01/16 11:26:37 AM
#233   Mesabi Trust (MSB) Declares Quarterly Dividend of $0.05 Saving Grace 01/21/16 08:56:47 AM
#232   This is unownable at current market conditions! Lowjack 12/09/15 09:39:13 AM
#231   The Trustees of Mesabi Trust (NYSE: MSB) are Timothy Smith 11/19/15 04:32:21 PM
#230   I have to redo my homework now! Lowjack 11/19/15 02:37:07 PM
#229   Worse than feared! Lowjack 11/17/15 04:20:17 PM
#228   Thank you for he update and information. Timothy Smith 10/30/15 10:43:14 AM
#227   Still, the revenue hit Cliffs Natural has endured Lowjack 10/30/15 08:13:55 AM
#226   Mesabi Trust (NYSE:MSB) -4.9% premarket after announcing that no Timothy Smith 10/20/15 10:46:51 AM
#225   Is it $8 or less yet? Lowjack 09/01/15 12:45:49 PM
#224   <<< $MSB Links! >>> ~ MAC's Quick DD Penny Roger$ 04/19/12 02:47:43 AM
#223   ~ Wednesday! $MSB ~ Q1 Earnings posted, pending Penny Roger$ 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
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