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Gyrodyne, LLC Message Board

  • beartooth777 beartooth777 Dec 27, 2013 9:03 AM Flag

    here it is - $ plus interest in co

    $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.

 
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