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Mesabi Trust Message Board

  • rivermenjersey22 rivermenjersey22 Oct 3, 2013 1:22 PM Flag


    Based off of our calculations, the estimated conservative dividend will be btw .80 cents to .90 cents. The target number from our calculations is .85 cents. However, this is conservative and with a slight increase of 100,000-200,000 in iron ore shipments above our calculations will then move our range and target up by .05 cents. This does not include the .12 cents of cash that is still on the books from last qrt.

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    • tbeau109 Dec 18, 2013 11:45 AM Flag

      Get yourself a new calculator.

    • The declared distribution is $0.51.

      Mesabi Trust Declares Distribution

      NEW YORK--(BUSINESS WIRE)--October 11, 2013--

      The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of fifty-one cents ($0.51) per Unit of Beneficial Interest payable on November 20, 2013 to Mesabi Trust's unitholders (hereinafter referred to as "Unitholders") of record at the close of business on October 30, 2013. This compares to a distribution of one dollar and thirteen cents ($1.13) per Unit for the same period last year.

      The decrease in the current distribution of sixty-two cents ($0.62) per Unit, as compared to the same quarter last year, is attributable to a significant decrease in the volume of shipments for the third calendar quarter of 2013 and, to a lesser extent, a decrease in the average sales price per ton of iron ore pellets. The base and bonus royalties payable to Mesabi Trust (before the application of pricing adjustments by Northshore Mining Company (hereinafter referred to as "Northshore")) decreased from approximately $13.97 million in the third calendar quarter of 2012 to approximately $7.22 million for the third calendar quarter of 2013.

      See: goo-sot-gl-slash-8v2kT0

    • What are you assuming for 3q shipments?

17.00+0.50(+3.03%)Dec 19 4:02 PMEST

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