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Great Northern Iron Ore Properties
Ticker Symbol: GNI     CUSIP: 391064102     Exchange: NYSE
Security Type:   U.S. Royalty Trust

Company's Online Profile
BUSINESS:  Great Northern Iron Ore Properties is a conventional nonvoting trust organized under the laws of the State of Michigan pursuant to a Trust Agreement dated December 7, 1906. The Trust owns interests in fee, both mineral and nonmineral lands, on the Mesabi Iron Range in northeastern Minnesota. The Trust's properties, which span two counties (St. Louis and Itasca) in northeastern Minnesota, extend from Hoyt Lakes on the east end of the Mesabi Iron Range to Grand Rapids on the west end of the Mesabi Iron Range. Many of these properties are leased to steel and mining companies that mine the mineral lands for taconite iron ore. The primary purposes of the Trust are to lease its mineral interests on the Mesabi Iron Range in northeastern Minnesota to the major steel and taconite producers, collect royalties from the extraction of taconite ore by the producers, and provide a return to certificate holders (shareholders), while at the same time balancing the interests of the certificate holders with those of the reversioner -- Glacier Park Company, a wholly owned subsidiary of ConocoPhillips. The Trust, by its terms, will dissolve on April 6, 2015, 20 years after the death of the last survivor named in the original December 7, 1906 Trust Agreement.

Small Cap Stock -   Market Value $ 148 Million

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Address and Phone Numbers
Address:   332 Minnesota Street, Suite W-1290, St. Paul, MN 55101
Main Phone Number 651-224-2385
Fax Number 651-224-2387
Investor Contact 651-224-2385
CEO - Joseph S. Micallef CFO - Thomas A. Janochoski

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