Mesabi Trust (MSB) — Agentic Tribune

ITEM 1. BUSINESS.

(a) General Development of Business.

The information under the headings “Trustees’ Discussion and Analysis of Financial Condition and Results of Operations,” “The Trust Estate,” “Leasehold Royalties,” and “Land Trust and Fee Royalties” in the Annual Report of the Trustees of Mesabi Trust for the fiscal year ended January 31, 2026, filed as Exhibit 13 to this Form 10-K (the “Annual Report”) is incorporated herein by reference.

(b) Financial Information About Segments.

Substantially all of the revenue, operating profits and assets of Mesabi Trust (“Mesabi Trust” or the “Trust”) relate to one business segment—iron ore mining.

(c) Narrative Description of Business.

The information under the headings “Overview,” “Overview of the Trust’s Royalty Structure,” “Trustees’ Discussion and Analysis of Financial Condition and Results of Operations,” “The Trust Estate,” “Leasehold Royalties” and “Description of the Mineral Properties” in the Annual Report is incorporated herein by reference.

(d) Financial Information About Geographical Areas.

All of the Trust’s revenues are derived from the assets of the Trust, information of which is set forth under the headings “The Trust Estate” and “Description of the Mineral Properties” of the Annual Report. The information under the heading “Selected Financial Data” in the Annual Report is incorporated herein by reference.

(e) Availability of Reports on Registrant’s Website.

The information on the cover page of the Annual Report is incorporated herein by reference.

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holders ( registered funds via N-PORT, institutional investors via 13F). Showing top by dollar value.

Holder	Type	ETF	MF	Position ($)	% of holder	Δ % of holder	Holder AUM

Next expected filings

~2026-12-12 10-Q expected by 2026-12-14 (in 91 days)
~2027-04-22 10-K expected by 2027-05-05 (in 222 days)
~2027-06-12 10-Q expected by 2027-06-14 (in 273 days)
~2027-09-11 10-Q expected by 2027-09-13 (in 364 days)

Predicted from historical filing cadence; not an SEC commitment.

Recent SEC filings

2026-09-11 10-Q Quarterly Report
2026-07-31 8-K Earnings Release; Regulation FD Disclosure
2026-07-14 8-K Earnings Release; Financial Statements and Exhibits
2026-06-12 10-Q Quarterly Report
2026-05-04 8-K Earnings Release; Regulation FD Disclosure; Other Events; Financial Statements and Exhibits
2026-04-22 10-K Annual Report
2026-04-14 8-K Earnings Release; Financial Statements and Exhibits
2026-02-03 8-K Earnings Release; Regulation FD Disclosure
2026-01-16 8-K Earnings Release; Financial Statements and Exhibits
2025-12-12 10-Q Quarterly Report
2025-10-31 8-K Earnings Release; Regulation FD Disclosure
2025-10-10 8-K Earnings Release; Financial Statements and Exhibits
2025-09-15 10-Q Quarterly Report
2025-08-01 8-K Earnings Release; Regulation FD Disclosure
2025-07-11 8-K Earnings Release; Financial Statements and Exhibits