• Mesabi Trust declared a $0.05 per unit distribution, payable Aug. 20, 2026 to unitholders of record July 30, 2026.
• The payout compares with $0.12 per unit for the same period last year.
• Royalty receipts totaled $1.63 million on April 30, 2026, down from $2.42 million in April 2025, with no bonus royalty payment.
• The trustees also cited uncertainty tied to Cleveland-Cliffs’ planning for its supply chain amid volatile iron ore and steel markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mesabi Trust published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-083538), on July 14, 2026, and is solely responsible for the information contained therein.