Earnings / Mineral royalty trust
Mesabi Trust Declares No November Distribution as Royalty Payments Fall to $1,807,779
The royalty payment from Cleveland-Cliffs on July 30, 2026 was $1,807,779, down 65.89% from $5,300,287 a year earlier with no bonus royalty; the trust paid $0.34 per Unit a year ago and held $17,590,519 in reserve.