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Gyrodyne, LLC
Gyrodyne, LLC has entered into an extension agreement to extend the maturity of its subsidiary GSD Cortlandt's mortgage loan by five years to October 10, 2031. As a condition of the extension, the company made a principal paydown of $431,411.38, resulting in an outstanding principal balance of $4,041,482.21. The loan's interest rate has been reset to 7.28% per annum, and the company has reaffirmed its existing guarantee obligations.…more
Gyrodyne, LLC
Gyrodyne, LLC will hold its annual meeting of shareholders on November 5, 2026, to vote on the election of directors, executive compensation, and the appointment of an independent auditor. As of the record date of September 15, 2026, the company has 2,199,308 common shares outstanding, and shareholders are encouraged to vote via proxy.…more
Gyrodyne, LLC
Gyrodyne, LLC is currently pursuing a liquidation strategy through the sale of its remaining real estate assets, reporting net assets in liquidation of $27,055,247 as of June 30, 2026. The company is actively defending against ongoing legal challenges regarding the subdivision of its Flowerfield property and anticipates that the final asset disposition and liquidation process will extend into 2028.…more
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