MESABI TRUST

For the period ended Apr 30, 2025. Filed Jun 12, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Apr 30, 2025 · Filed Jun 12, 2025

MSB$17.19+0.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Balance Sheets April 30, 2025 and January 31,

Condensed Balance Sheets

April 30, 2025 and January 31, 2025


· April 30, 2025 · January 31, 2025
· · (unaudited) · · · ·
B. Condensed Balance Sheets

Assets
Cash and cash equivalents	$24,221,132	$100,204,531
Accrued income receivable	1,916,756	1,160,761
Contract asset	1,179,208	240,642
Prepaid expenses	111,473	122,518
Current assets	27,428,569	101,728,452

Fixed property, including intangibles, at nominal values

Assignments of leased property

Amended assignment of Peters Lease	1	1

Assignment of Cloquet Leases	1	1

Certificate of beneficial interest for 13,120,010 units of Land Trust	1	1
	3	3

Total assets	$27,428,572	$101,728,455

Liabilities, Unallocated Reserve And Trust Corpus

Liabilities
Distribution payable	$7,347,206	$78,064,060
Accrued expenses	469,644	336,675
Total liabilities	7,816,850	78,400,735

Unallocated reserve	19,611,719	23,327,717

Trust corpus	3	3

Total liabilities, unallocated reserve and trust corpus	$27,428,572	$101,728,455

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.