Mesabi Trust (MSB): Mesabi Trust (NYSE:MSB) -4.9% prema...

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Re: Lowjack post# 225

Tuesday, 10/20/2015 10:46:51 AM

Tuesday, October 20, 2015 10:46:51 AM

Mesabi Trust (NYSE:MSB) -4.9% premarket after announcing that no distribution will be paid in November due to a delay in the reporting of Cliffs Natural Resources (NYSE:CLF) regarding shipments of iron ore products from Silver Bay, Minn.

MSB says it was unable to consider the declaration of a distribution using anticipated royalty revenues earned during the quarter ended Sept. 30.

MSB derives income from the Peter Mitchell Mine, which is operated by CLF's Northshore Mining subsidiary.

Purely My Own Opinion. Do Your Own Due Diligence.

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