Mesabi Trust declared a distribution of fifty-seven cents ($0.57) per Unit of Beneficial Interest payable on February 20, 2014 to Mesabi Trust's unitholders of record at the close of business on January 30, 2014. This compares to a distribution of forty-nine cents per Unit for the same period last year. The eight cents per Unit increase in the current distribution for the fourth calendar quarter of 2013, as compared to the same quarter of 2012.