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GYRO

Gyrodyne, LLC

https://www.gyrodyne.com

Industry

Real Estate - Services

Gyrodyne, LLC. owns, leases and manages diverse commercial properties. The firm is distinguished by its service-oriented philosophy toward property ownership and management. Gyrodyne has grown from a largely Long Island player during the past into a diversified East Coast presence with an emphasis on medical office product.

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Gyrodyne, LLC (NASDAQ:GYRO) has set January 29, 2024, as the record date for a proposed rights offering aiming to raise $5 million. Shareholders as of this date will receive rights to buy additional shares at $8.00 each. The offering includes a basic subscription privilege and an oversubscription privilege. Proceeds will fund entitlements for Flowerfield and Cortlandt Manor properties, litigation expenses, property negotiations, capital improvements, and general working capital. The offering is pending SEC approval of the Registration Statement.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:16 pm

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