MESABI TRUST
For the period ended Jan 31, 2024. Filed Apr 24, 2024.
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FY2024 · Filed Apr 24, 2024
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EX-13 · Certificates of Beneficial Interest
CERTIFICATES OF BENEFICIAL INTEREST
The Mesabi Trust’s Certificates of Beneficial Interest are traded on the NYSE under the symbol “MSB.” Distributions declared to Unitholders during the fiscal year ended January 31, 2024 totaled $9,446,407 as compared to $24,665,620 during fiscal year ended January 31, 2023, and $54,448,042 during the fiscal year ended January 31,2022. The Trust paid Unitholders distributions of $0.72 per Unit for the fiscal year ended January 31, 2024, compared with distributions of $1.88 and $4.15 per Unit for the fiscal years ended January 31, 2023 and 2022, respectively.
During the past two fiscal years, the market ranges of the certificates for each quarterly period and the distributions declared for such quarterly periods were as follows:
| · · · · · · · · · · · · · | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| · · · · · Distribution · Distribution | |||||||||
| Fiscal Quarter Ended · · High · · Low · · Declared · · Per Unit | |||||||||
| April 30, 2023 | | $29.00 | | $20.35 | | $— | | $— | |
| July 31, 2023 | | $23.72 | | $17.13 | | — | | — | |
| October 31, 2023 | | $22.39 | | $17.99 | | 4,592,003 | | 0.35 | |
| January 31, 2024 | | $21.23 | | $17.25 | | 4,854,404 | | 0.37 | |
| | | | | $9,446,407 | | $0.72 | | ||
| · · · · · · · · · · · · · | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| · · · · · Distribution · Distribution | |||||||||
| Fiscal Quarter Ended · · High · · Low · · Declared · · Per Unit | |||||||||
| April 30, 2022 | | $32.21 | | $20.02 | | $13,644,810 | | $1.04 | |
| July 31, 2022 | | $29.84 | | $22.04 | | 11,020,810 | | 0.84 | |
| October 31, 2022 | | $29.95 | | $16.56 | | — | | — | |
| January 31, 2023 | | $24.04 | | $17.35 | | — | | — | |
| | | | | $24,665,620 | | $1.88 | | ||
As of the close of business on April 19, 2024, the beneficial interest in Mesabi Trust was represented by 13,120,010 Units, 224,978 Units of which were held by 561 holders of record.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.