Mesabi Trust Reported Earnings

Mesabi Trust (MSB) reported a loss of $0.01 per share on revenue of $2.48 million for the . . Revenue fell 55.77% compared to the same quarter a year ago.

MESABI TRUST Trustee holds for benefit of holders of units of beneficial interest all royalties from certain interests in taconite ore properties in Mesabi range in Minnesota which have been leased to Reserve Mining Co., free of Federal income tax. Mesabi Trust distributes royalties to holders who pay income tax after credit for depletion allowance. Principal Functionary: Trust has no officers. Certain administrative functions are performed by Bankers Trust Co., the Corporate Trustee.