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Gyrodyne Company of America, Inc. Announces Final Results of Rights Offering; Receives $6,116,055 in Gross Proceeds (6/26/15)
ST. JAMES, N.Y., June 26, 2015 /PRNewswire/ -- Gyrodyne Company of America, Inc. (NASDAQ: GYRO) ("Gyrodyne"), a self-managed and self-administered real estate investment trust, today announced the final results of its rights offering.
Gyrodyne received confirmation from Computershare Trust Company, N.A., Gyrodyne's subscription agent, of the previously announced preliminary results that a total of 7,044,894 shares were subscribed for in the rights offering, consisting of 1,009,376 shares under the basic subscription privilege and 6,035,518 shares under the oversubscription privilege. Based on the maximum 2,224,020 shares that were issuable in the rights offering, 1,214,644 shares were allocated to shareholders who properly exercised their oversubscription privilege, pro rata in proportion to the aggregate number of shares subscribed for under the over-subscription privilege, or 20.12499% of each oversubscriber's requested shares.
Gyrodyne expects Computershare to begin distributing the shares and refund checks for unfulfilled oversubscriptions to shareholders today. As a result of the rights offering, Gyrodyne's common stock will increase by 2,224,020 shares to 3,706,700. Gyrodyne has received the maximum $6,116,055 sales proceeds from the rights offering, and estimates the net proceeds to be approximately $5,606,000.
About Gyrodyne Company of America, Inc.
Gyrodyne, a real estate investment trust, manages the business and properties of Gyrodyne Special Distribution LLC ("GSD"), pursuant to GSD's limited liability company agreement which provides that Gyrodyne has the sole and absolute discretion regarding the management and affairs of GSD in its capacity as GSD's managing member. GSD owns a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties primarily in the New York metropolitan area, subject to related mortgage debt in favor of Flowerfield Mortgage Inc. ("FMI"), with Flowerfield Properties, Inc. ("FPI") having the contractual right to manage the business and properties of GSD. FMI and FPI are both subsidiaries of Gyrodyne. GSD owns a 68 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of development plans. GSD also owns medical office buildings in Port Jefferson Station, New York, Cortlandt Manor, New York and Fairfax, Virginia. FPI is also a limited partner in Callery Judge Grove, L.P., the only assets of which consist of potential future payments upon the achievement of certain development benchmarks by the purchaser in the 2013 sale by the partnership of an undeveloped 3,700 plus acre property in Palm Beach County, Florida. Gyrodyne's common stock is traded on the NASDAQ Stock Market under the symbol GYRO. Additional information about Gyrodyne may be found on its web site at www.gyrodyne.com.
http://www.prnewswire.com/news-releases/gyrodyne-company-of-america-inc-announces-final-results-of-rights-offering-receives-6116055-in-gross-proceeds-300105598.html
Gyrodyne Company of America, Inc. Announces Completion Of Oversubscribed Rights Offering; Sets Record And Meeting Dates For Special Meeting (6/22/15)
ST. JAMES, N.Y., June 22, 2015 /PRNewswire/ -- Gyrodyne Company of America, Inc. (NASDAQ: GYRO) ("Gyrodyne"), a self-managed and self-administered real estate investment trust, today announced the successful completion of its previously announced rights offering, which expired on June 17, 2015, at 5:00 p.m. New York City time. In the rights offering, Gyrodyne distributed to its shareholders of record as of May 6, 2015 non-transferable rights to subscribe for up to 2,224,020 shares of Gyrodyne's common stock at a price of $2.75 per share for maximum gross proceeds of $6,116,055.
Preliminary results received from Computershare Trust Company, N.A., Gyrodyne's subscription agent, indicate that a total of 7,044,894 shares were subscribed for in the rights offering, consisting of 1,009,376 shares under the basic subscription privilege and 6,035,518 shares under the oversubscription privilege. Based on these preliminary numbers, there will be 1,214,644 shares available to issue to shareholders who properly exercised their oversubscription privilege, to be allocated pro rata to such shareholders in proportion to the aggregate number of shares subscribed for under the over-subscription privilege, or approximately 20% of each oversubscriber's requested shares.
Reacting to the preliminary rights offering results, Gyrodyne CEO Frederick C. Braun stated, "We are very pleased to receive this level of support from our shareholders. We believe the substantial oversubscription reflects our shareholders' belief in the strategic course of action we are taking."
Gyrodyne expects Computershare to finish tabulating the results this week.
Gyrodyne also announced that its previously postponed special meeting of shareholders at which shareholders will be asked to authorize the previously announced merger of Gyrodyne and Gyrodyne Special Distribution, LLC with and into Gyrodyne, LLC will be held on August 20, 2015. The board of directors has established the close of business on June 29, 2015 as the record date for determining shareholders entitled to receive notice of and vote at the special meeting, which will begin at 11:00 a.m. Eastern time and take place at Flowerfield Celebrations, Mills Pond Road, Saint James, New York 11780.
Gyrodyne will make available to all shareholders of record important information about the meeting and the matters to be considered. Shareholders are urged to review that information when it becomes available.
About Gyrodyne Company of America, Inc.
Gyrodyne, a real estate investment trust, manages the business and properties of Gyrodyne Special Distribution LLC ("GSD"), pursuant to GSD's limited liability company agreement which provides that Gyrodyne has the sole and absolute discretion regarding the management and affairs of GSD in its capacity as GSD's managing member. GSD owns a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties primarily in the New York metropolitan area, subject to related mortgage debt in favor of Flowerfield Mortgage Inc. ("FMI"), with Flowerfield Properties, Inc. ("FPI") having the contractual right to manage the business and properties of GSD. FMI and FPI are both subsidiaries of Gyrodyne. GSD owns a 68 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of development plans. GSD also owns medical office buildings in Port Jefferson Station, New York, Cortlandt Manor, New York and Fairfax, Virginia. FPI is also a limited partner in Callery Judge Grove, L.P., the only assets of which consist of potential future payments upon the achievement of certain development benchmarks by the purchaser in the 2013 sale by the partnership of an undeveloped 3,700 plus acre property in Palm Beach County, Florida. Gyrodyne's common stock is traded on the NASDAQ Stock Market under the symbol GYRO. Additional information about Gyrodyne may be found on its web site at www.gyrodyne.com.
http://www.prnewswire.com/news-releases/gyrodyne-company-of-america-inc-announces-completion-of-oversubscribed-rights-offering-sets-record-and-meeting-dates-for-special-meeting-300102776.html
Gyrodyne Company of America, Inc. Announces Form Of Interest Payment On Dividend Notes (6/08/15)
ST. JAMES, N.Y., June 8, 2015 /PRNewswire/ -- Gyrodyne Company of America, Inc. (NASDAQ: GYRO) (the "Company") today announced that its board of directors has determined that the June 15, 2015 semi-annual interest payment under the Company's global 5% subordinated note due June 30, 2017 in the aggregate principal amount of $16,150,000 (the "Dividend Note") will be paid in kind in the form of interests in a new global dividend note in the aggregate principal amount of $403,750 and that otherwise is identical in all respects to the Dividend Note.
In addition, the Company announced that its board of directors has determined that the June 15, 2015 semi-annual interest payments due under the Company's global 5% subordinated notes issued on June 16, 2014 ($302,813 principal amount), December 15, 2014 ($403,750 principal amount), and December 31, 2014 ($682,033 principal amount), respectively, each due June 30, 2017, will be paid in cash in the aggregate amount of $33,294.
About Gyrodyne Company of America, Inc.
Gyrodyne, a real estate investment trust, manages the business and properties of Gyrodyne Special Distribution LLC ("GSD"), pursuant to GSD's limited liability company agreement which provides that Gyrodyne has the sole and absolute discretion regarding the management and affairs of GSD in its capacity as GSD's managing member. GSD owns a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties primarily in the New York metropolitan area, subject to related mortgage debt in favor of Flowerfield Mortgage Inc. ("FMI"), with Flowerfield Properties, Inc. ("FPI") having the contractual right to manage the business and properties of GSD. FMI and FPI are both subsidiaries of Gyrodyne. GSD owns a 68 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of development plans. GSD also owns medical office buildings in Port Jefferson Station, New York, Cortlandt Manor, New York and Fairfax, Virginia. FPI is also a limited partner in Callery Judge Grove, L.P., the only assets of which consist of potential future payments upon the achievement of certain development benchmarks by the purchaser in the 2013 sale by the partnership of an undeveloped 3,700 plus acre property in Palm Beach County, Florida. Gyrodyne's common stock is traded on the NASDAQ Stock Market under the symbol GYRO. Additional information about Gyrodyne may be found on its web site at www.gyrodyne.com.
http://www.prnewswire.com/news-releases/gyrodyne-company-of-america-inc-announces-form-of-interest-payment-on-dividend-notes-300095616.html
Gyrodyne Company of America, Inc. Announces Commencement of Rights Offering to Shareholders (5/19/15)
ST. JAMES, N.Y., May 19, 2015 /PRNewswire/ -- Gyrodyne Company of America, Inc. (NASDAQ: GYRO), a self-managed and self-administered real estate investment trust ("Gyrodyne" or the "Company"), today announced that it has commenced its previously announced rights offering pursuant to an effective registration statement.
In the rights offering, shareholders will receive three non-transferable subscription rights for every two shares of common stock owned as of May 6, 2015, which is the record date for the rights offering. Each subscription right will entitle shareholders to purchase one share of common stock at a subscription price of $2.75 per share. For example, a shareholder who owns 100 shares of common stock on May 6, 2015 will be granted 150 subscription rights entitling the shareholder to purchase 150 shares of common stock for an aggregate purchase price of $412.50. Shareholders who exercise their basic subscription privilege in full may also exercise an over-subscription privilege to purchase additional shares that remain unsubscribed at the expiration of the rights offering, subject to availability and proration. Gyrodyne is offering an aggregate of 2,224,020 shares of common stock in the rights offering and, if fully subscribed, aggregate gross proceeds to Gyrodyne will be $6,116,055.
Gyrodyne is conducting the rights offering to facilitate the vote of two-thirds of the outstanding shares needed under New York law to approve the previously announced proposed merger of Gyrodyne and Gyrodyne Special Distribution, LLC ("GSD") with and into Gyrodyne, LLC (the "Merger"), as well as to raise equity capital in a timely and cost-effective manner while providing all Gyrodyne shareholders the opportunity to participate. If the Merger is effected, all Gyrodyne shares, all 5% dividend notes of Gyrodyne and all limited liability company interests of GSD will be converted into limited liability company interests in Gyrodyne LLC.
The subscription rights are exercisable until 5:00 p.m., New York City time, on June 17, 2015. Gyrodyne may extend the rights offering period for additional periods ending no later than July 17, 2015 or cancel the rights offering at any time for any reason.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 18, 2015.
Each shareholder of record as of May 6, 2015 will receive by mail an information packet that explains the rights offering. Shareholders with specific questions or who need additional copies of the rights offering documents are urged to contact MacKenzie Partners, Inc., the information agent for the rights offering, at (800) 322-2885 (toll free).
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any offer, solicitation or sale of any securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the securities laws of such state. The rights offering will be made only by means of a prospectus, copies of which are being mailed to all shareholders as of the record date.
About Gyrodyne Company of America, Inc.
Gyrodyne, a real estate investment trust, manages a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties primarily in the New York metropolitan area. Gyrodyne owns a 68 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of development plans. Gyrodyne also owns medical office buildings in Port Jefferson Station, New York, Cortlandt Manor, New York and Fairfax, Virginia. Gyrodyne is also a limited partner in Callery Judge Grove, L.P., the only assets of which consist of potential future payments upon the achievement of certain development benchmarks by the purchaser in the 2013 sale by the partnership of an undeveloped 3,700 plus acre property in Palm Beach County, Florida. The Company's common stock is traded on the NASDAQ Stock Market under the symbol GYRO. Additional information about Gyrodyne may be found on its web site at www.gyrodyne.com.
http://www.prnewswire.com/news-releases/gyrodyne-company-of-america-inc-announces-commencement-of-rights-offering-to-shareholders-300085881.html
Ha good thing I didn't do that ??
I like the person that slaps the ask to 199,999.99 every morning ^_^
Does anyone understand what is moving this up?
so these shares worthless,whats the new ticker????????
Still watching. Looks like close to recovery areas are possible
http://finviz.com/quote.ashx?t=GYRO
$10.45 is fair value its in the filing,,read it all...
Shorting is a no brainer here
I think they did the divy. That was a hefty one too. I thought it was the typical bounce play at first. Interesting for sure. This was a play for the seasoned chess traders imo.
I don't know how I missed the seeking alpha article the first time I read your post, but I caught it the second time. Good read. Thanks!!!
Happy New year and best wishes for a great 2014
Didn't They just pay a special div. ?
http://www.dividendinvestor.com/historical.php?no=16213
I just read the seeking article. This is an odd play I need to understand more.
http://seekingalpha.com/article/1879491-gyrodyne-could-make-for-a-tasty-liquidation-play?source=yahoo
May you have a great evening tonight and to all!
http://finviz.com/quote.ashx?t=GYRO
http://biz.yahoo.com/e/131227/gyro8-k.html
http://stockcharts.com/c-sc/sc?s=GYRO&p=D&b=6&g=0&i=p69412508847&r=1361457330369
Sad how, fastlane?
I don't know - I think they will transfer to the new company in a ratio of shares for shares?
But I would check with a broker if you own it.
All I know if the drop in price was special dividend related.
That is sad indeed. Also a NASD not on charts! http://stockcharts.com/c-sc/sc?s=GYRO&p=D&b=6&g=0&i=p69412508847&r=1361457330369
http://finviz.com/quote.ashx?t=GYRO
Easiest short I've ever played
$10.89 is the final pps,,,,,,,,,,,,,, Such dividend, which will be payable on January 31, 2014, will be in the form of notes ("Dividend Notes") aggregating $16,150,000 ($10.89 per share) in principal amount unless the board otherwise determines to pay all or part of such dividend in cash and subject to any applicable law, rule or regulation. The principal terms of such Dividend Notes are attached as Annex A to this press release.
if you read the transition details it says value is set at 10.87 a share,if mm dont kill it again,,no thanks.
Investors Relations said common stock will trade until end of January 2014 when it is merged with GSD.
so they are liquidating the company to another,shares worthless???
My curiosity was about what happens to the shares that are trading.
Not so much the special Dividend. I understand that.
I think it's a hoot that GYRO is being mentioned as a tanker on other boards when that's not actually the case.
They paid a special cash Div and the pps has been adjusted accordingly.
The big question for me is why is it still trading?
I would have thought the timing of distribution would be lined up with the merge and the shares would no longer trade because the reissue of a ratio of new shares, in the new company, would happen.
(That probably could be worded better, eh? LOL)
See, my understanding is this:
The company has paid out:
$45.86 in Cash
$20.70 as a share dividend in "GSD"
$10.89 as a Dividend Note.
This equates to $77.45 per share ....
Given that there are 1,482,680 shares outstanding, this is a total of $114,833,566
If you look at the Balance sheet as of Sept. 30, 2013 ....
The Company had Assets of $122,407,206 while having Liabilities (not including the Dividend Payable) of $10,351,021
Which means they had Net Assets of roughly $112,056,185
So, to me this points to what is remaining in the company is nothing.
Reading the 8-k from December 20, it seems that the distribution may be something that they have to go through because of its classification as a REIT.
See:
http://ih.advfn.com/p.php?pid=nmona&article=60467901
Gyrodyne's board of directors, after consideration of a management presentation regarding the fair market value of the properties to be held by GSD, has determined that the GSD interests to be distributed are valued in the aggregate (representing the value of the properties to be held by GSD, less the mortgages payable) at $30,685,000 ($20.70 per share) or more. Thus, all distributions of REIT income for 2012 required to be made under applicable laws will have been made by means of such special dividend. No assurance can be given that shareholders will receive the actual value of the GSD interests or the component underlying properties as estimated by the Gyrodyne board. For financial statement purposes, the financial statements of both Gyrodyne and GSD will reflect the historical book values of the underlying assets.
The transfer of the properties by Gyrodyne to GSD will result in the recognition of approximately $28.4 million of capital gain income by Gyrodyne. Giving effect to offsetting deductions, Gyrodyne expects to have approximately $17 million in REIT income for 2013. In order to satisfy applicable REIT distribution requirements, Gyrodyne has declared an additional dividend, payable to Gyrodyne shareholders as of December 31, 2013. Such dividend, which will be payable on January 31, 2014, will be in the form of notes ("Dividend Notes") aggregating $16,150,000 ($10.89 per share) in principal amount unless the board otherwise determines to pay all or part of such dividend in cash and subject to any applicable law, rule or regulation. The principal terms of such Dividend Notes are attached as Annex A to this press release.
This is much more clear when one looks at it as a merger.
Existing shares will be rolled over onto the new entity. Am I reading that correctly?
http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=9680553-9945-32836&SessionID=d2vd6ex104vm1N7
Right?
From this point on it's all greek to me. I am curious what happens to the shares that are trading and how that whole thing works.
Can't say I have ever seen that one before.
Sounds like the stock itself is effectively worthless.
Because the assets have been transferred and dividends of cash and shares have been paid (or will be paid).
That's my reading of the press releases.
Gyrodyne Company Of America, Inc. Announces Final Details Of Special Dividends
Shareholders to receive dividend on December 30, 2013 of $45.86/share in cash and limited liability company interests evidencing the right to receive proceeds of liquidation of Gyrodyne properties
Subsequent dividend of $16,150,000 aggregate principal amount of Dividend Notes payable to shareholders of record on December 31, 2013
Gyrodyne Company of America, Inc.
December 20, 2013 5:04 PM
ST. JAMES, N.Y., Dec. 20, 2013 /PRNewswire/ -- Gyrodyne Company of America, Inc. (NASDAQ: GYRO) ("Gyrodyne") today announced that its board of directors has determined the final details of its previously declared special dividend in the amount of $98,685,000, or $66.56 per share of the Company's common stock, which is payable on December 30, 2013 to shareholders of record as of November 1, 2013. As required by NASDAQ rules governing special dividends of this magnitude, the ex-dividend date will be set one business day following the payment date.
In the special dividend, shareholders of record as of November 1, 2013 will receive $68,000,000, or $45.86 per share, in cash, and interests in a newly formed New York limited liability company, Gyrodyne Special Distribution, LLC ("GSD"), which interests, collectively, will represent a 100% economic interest in all of Gyrodyne's properties: Flowerfield, Port Jefferson, Cortlandt and Fairfax, which will be subject to an aggregate of approximately $14,000,000 in mortgages payable to a subsidiary of Gyrodyne. Gyrodyne will retain a non-economic interest in GSD and will be its managing member. The interests in GSD will not be transferable except in extremely limited circumstances.
Gyrodyne's board of directors, after consideration of a management presentation regarding the fair market value of the properties to be held by GSD, has determined that the GSD interests to be distributed are valued in the aggregate (representing the value of the properties to be held by GSD, less the mortgages payable) at $30,685,000 ($20.70 per share) or more. Thus, all distributions of REIT income for 2012 required to be made under applicable laws will have been made by means of such special dividend. No assurance can be given that shareholders will receive the actual value of the GSD interests or the component underlying properties as estimated by the Gyrodyne board. For financial statement purposes, the financial statements of both Gyrodyne and GSD will reflect the historical book values of the underlying assets.
The transfer of the properties by Gyrodyne to GSD will result in the recognition of approximately $28.4 million of capital gain income by Gyrodyne. Giving effect to offsetting deductions, Gyrodyne expects to have approximately $17 million in REIT income for 2013. In order to satisfy applicable REIT distribution requirements, Gyrodyne has declared an additional dividend, payable to Gyrodyne shareholders as of December 31, 2013. Such dividend, which will be payable on January 31, 2014, will be in the form of notes ("Dividend Notes") aggregating $16,150,000 ($10.89 per share) in principal amount unless the board otherwise determines to pay all or part of such dividend in cash and subject to any applicable law, rule or regulation. The principal terms of such Dividend Notes are attached as Annex A to this press release.
As previously announced, on September 12, 2013, Gyrodyne's board of directors adopted a plan of liquidation within the meaning of the Internal Revenue Code. Gyrodyne is pursuing the plan of liquidation and has filed preliminary materials with the Securities and Exchange Commission, which preliminary materials remain subject to a review process with the Securities and Exchange Commission and are not available in definitive form for mailing to shareholders at this time. Gyrodyne currently anticipates that definitive materials, which will seek a vote of its shareholders to authorize a merger transaction whereby both Gyrodyne and GSD will merge into Gyrodyne LLC, a limited liability company, will be available for consideration by shareholders early in 2014 and a shareholders meeting to consider the merger will be held in the first half of 2014. A vote of two-thirds of the outstanding shares of Gyrodyne will be required to authorize the merger. Gyrodyne, as managing member of Gyrodyne Special Distribution, LLC and Gyrodyne LLC, already has approved the merger transaction and will have the sole discretion to approve any subsequent amendments or modifications to such transaction on behalf of such entities. Such merger, which will effect the completion of the plan of liquidation for purposes of the Internal Revenue Code, will result in holders of Gyrodyne Inc. common stock receiving approximately 15.2% of the common shares of Gyrodyne LLC in the aggregate, holders of the Dividend Notes receiving approximately 29.2% of the common shares of Gyrodyne LLC in the aggregate, and holders of common shares of GSD receiving approximately 55.6% of the common shares of Gyrodyne LLC in the aggregate, subject to adjustment in the discretion of the Gyrodyne board of directors.
Gyrodyne intends to report the distribution of the interests in GSD and the $45.86 per share in cash, as well as the distribution of Dividend Notes, as a return of capital to shareholders of Gyrodyne up to each shareholder's basis in its shares, and any excess as capital gains. For purposes of the foregoing, Gyrodyne assumes that the plan of liquidation will be effected within two years from the date of its adoption, September 12, 2013.
About Gyrodyne Company of America, Inc.
Gyrodyne, a real estate investment trust, manages a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties primarily in the New York metropolitan area. Gyrodyne owns a 68 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of development plans. Gyrodyne also owns medical office buildings in Port Jefferson Station, New York, Cortlandt Manor, New York and Fairfax, Virginia. Gyrodyne is also a limited partner in the Callery Judge Grove, L.P., which owns a 3,700 plus acre property in Palm Beach County, Florida, also the subject of development plans. Gyrodyne's common stock is traded on the NASDAQ Stock Market under the symbol GYRO. Additional information about Gyrodyne may be found on its web site at www.gyrodyne.com.
look at form T trades $9,,insiders dumping or warrants??????
$15=$$$$$$$$$$$$$$$$$$$$$$$$$ gyro
Holy dead cat bounce ... this just went from $3 to $14 in an a matter of an hour???? I just sat watching awe, shoulda coulda woulda ... OMG
Why did it collapse?
wow HUGE losses
GYRO
2013/12/30 68.50 69.24 62.25 63.55 216,419 63.55
2013/12/27 71.00 71.99 68.80 68.80 210,981 68.80
Gyrodyne Company of America, Inc. Announces Appellate Division Affirms Court Of Claims Judgment In Condemnation Litigation
Reuters Key Development - Nov 25, 2011
http://stocks.us.reuters.com/stocks/keyDevelopments.asp?rpc=66&symbol=GYRO.O×tamp=20111125142000
~ Monday! $GYRO ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $GYRO ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=GYRO&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=GYRO&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=GYRO
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=GYRO#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=GYRO+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=GYRO
Finviz: http://finviz.com/quote.ashx?t=GYRO
~ BusyStock: http://busystock.com/i.php?s=GYRO&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=GYRO >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Gyrodyne Company of America, Inc. (Gyrodyne) is a self-managed and self-administered real estate investment trust (REIT). The Company’s primary business is the investment in and the acquisition, ownership and management of a geographically diverse portfolio of medical office and industrial properties and development of industrial and residential properties. As of December 31, 2010, the Company had 100% ownership in three medical office parks comprising approximately 130,000 rentable square feet and a multitenant industrial park comprising 127,062 rentable square feet. In addition, the Company has approximately 68 acres of property in St. James, New York and an approximate 10% limited partnership interest in a limited partnership which owns an undeveloped Florida property, the Grove. On May 20, 2010, the Company acquired the building located at 1989 Crompond Road, Cortlandt Manor, New York. The property consists of approximately 2,500 square feet of rentable space on 1.6 acres.
http://www.google.com/finance?q=GYRO
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Gyrodyne, LLC owns and manages a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties primarily in the New York metropolitan area. Gyrodyne, LLC owns a 68 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of development plans. Gyrodyne, LLC also owns medical office buildings in Port Jefferson Station, New York, Cortlandt Manor, New York and Fairfax, Virginia. Gyrodyne, LLC (through a wholly-owned subsidiary) is also a limited partner in Callery Judge Grove, L.P., the only assets of which consist of potential future payments upon the achievement of certain development benchmarks by the purchaser in the 2013 sale by the partnership of an undeveloped 3,700 plus acre property in Palm Beach County, Florida. Gyrodyne, LLC's common shares are traded on the NASDAQ Stock Market under the symbol GYRO. Additional information about Gyrodyne, LLC may be found on its web site at www.gyrodyne.com
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