MESABI TRUST (MSB)
MESABI TRUST (MSB)
| Balance Sheets | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 20,285,073 | 23,162,609 | 23,191,923 | 21,249,191 |
| Accrued income receivable | 631,572 | 782,363 | 1,522,367 | 1,443,875 |
| Contract asset | 867,363 | 263,982 | 1,055,605 | 1,765,388 |
| Prepaid expenses | 137,748 | 147,371 | 229,306 | 318,205 |
| Current assets | 21,921,756 | 24,356,325 | 25,999,201 | 24,776,659 |
| Amended assignment of peters lease | 1 | 1 | 1 | 1 |
| Assignment of cloquet leases | 1 | 1 | 1 | 1 |
| Certificate of beneficial interest for 13,120,010 units of land trust | 1 | 1 | 1 | 1 |
| Total fixed property | 3 | 3 | 3 | 3 |
| Total assets | 21,921,759 | 24,356,328 | 25,999,204 | 24,776,662 |
| Distribution payable | 3,148,802 | 3,411,203 | 4,460,803 | 1,574,401 |
| Accrued expenses | 431,421 | 542,250 | 450,538 | 421,058 |
| Total liabilities | 3,580,223 | 3,953,453 | 4,911,341 | 1,995,459 |
| Unallocated reserve | 18,341,533 | 20,402,872 | 21,087,860 | 22,781,200 |
| Trust corpus | 3 | 3 | 3 | 3 |
| Total liabilities, unallocated reserve and trust corpus | 21,921,759 | 24,356,328 | 25,999,204 | 24,776,662 |