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MESABI TRUST CTF, (MSB) Stock Research Free Stock Rating
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Mesabi Trust operates as a grantor trust, holding mineral interests. The principal assets of Mesabi Trust consist of interests in certain properties in the Mesabi Iron Range, including its interest as assignor in the Amended Assignment of Peters and the Amended Assignment of Cloquet Lease, which together cover properties aggregating approximately 9,750 contiguous acres in St. Louis County, Minnesota; and its ownership of the entire beneficial interest in Mesabi Land Trust, which has a 20% interest as fee owner in the Peters Lease Lands, as well as a 100% fee ownership in certain nonmineral-bearing lands adjacent to the Peters and Cloquet Lease Lands. The Peters and Cloquet Lease Lands are located at the eastern end of the Mesabi Iron Range and contain low-grade iron ore known as taconite. Mesabi Trust was created in 1961 and is based in New York City.
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