Mesabi Trust (MSB)

Profile

https://mesabi-trust.com

Mesabi Trust is a royalty trust that holds interests tied to iron ore properties on Minnesota’s Mesabi Iron Range. Mesabi Trust does not operate mines directly; instead, it receives royalty income linked to production from the Peter Mitchell Mine near Babbitt, Minnesota, and distributes net proceeds to unitholders after expenses. The trust functions as a pass-through vehicle, with its activities centered on collecting royalties, conserving its underlying assets, and managing distributions from a single core segment: iron ore mining. Its role in the market is to provide a specialized structure for holding mineral royalty interests and passing through income generated by iron ore production. Mesabi Trust is based in New York and was organized in 1961.