TowerView LLC Maintains 155,637 Shares in Gyrodyne, LLC

TL;DR

**TowerView LLC still owns 155,637 Gyrodyne shares, no major changes.**

AI Summary

TowerView LLC, a Delaware-based entity, filed an Amendment No. 10 to its Schedule 13G on January 4, 2024, disclosing its beneficial ownership in Gyrodyne, LLC. As of December 31, 2023, TowerView LLC holds sole voting power over 155,637 LLC Shares of Gyrodyne. This filing indicates a continued significant, but not controlling, stake by TowerView LLC, which is important for investors as it shows a major holder's ongoing position without any immediate signs of a change in control or aggressive activism.

Why It Matters

This filing confirms TowerView LLC's continued substantial investment in Gyrodyne, LLC, providing transparency on a key shareholder's position and stability in the ownership structure.

Risk Assessment

Risk Level: low — The filing indicates a stable ownership position by a significant holder, suggesting no immediate risks of major shifts in control or strategy.

Analyst Insight

Investors should note that a significant holder, TowerView LLC, is maintaining its position in Gyrodyne, LLC, suggesting stability in major ownership but no immediate catalysts from this specific filing.

Key Numbers

• 155,637 — LLC Shares (Represents the total number of Gyrodyne, LLC shares for which TowerView LLC has sole voting power as of December 31, 2023.)
• 403829104 — CUSIP Number (Identifies the specific class of securities (LLC Shares) of Gyrodyne, LLC.)

Key Players & Entities

• TowerView LLC (company) — the reporting person and beneficial owner of Gyrodyne, LLC shares
• Gyrodyne, LLC (company) — the subject company whose securities are being reported
• Delaware (company) — place of organization for TowerView LLC
• 155,637 (dollar_amount) — number of shares beneficially owned by TowerView LLC
• December 31, 2023 (date) — date of event requiring the filing
• January 4, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• TowerView LLC will maintain its current ownership stake in Gyrodyne, LLC without significant changes. (TowerView LLC) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• ef20017958_sc13ga.htm (SC 13G/A) — 50KB
• 0001140361-24-000572.txt ( ) — 51KB

(a)

Item 1(a) Name of Issuer: Gyrodyne, LLC (the "Issuer")

(b)

Item 1(b) Address of Issuer's Principal Executive Offices: One Flowerfield, Suite 24 St. James, NY 11780

(a)

Item 2(a) Name of Person Filing: TowerView LLC

(b)

Item 2(b) Address of Principal Business Office or, if none, Residence: 460 Park Avenue New York, New York 10022

(c)

Item 2(c) Citizenship: Delaware

(d)

Item 2(d) Title of Class of Securities: LLC Shares

(e)

Item 2(e) CUSIP Number: 403829104 Item 3. If this statement is filed pursuant to 240.13d-1(b) or (c), check whether the person filing is a: N/A (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d1(b)(1)(ii)(G); Page 3 of 5 Pages (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a3); (j) A group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4. As of December 31, 2023, TowerView had sole voting power and sole investment power with respect to 155,637 shares of LLC Shares, or 9.9% of the 1,574,308 shares that were expected to be outstanding of the Issuer as of November 14, 2023. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . Item 6. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of Group. N/A Item 10. Certifi

View Full Filing

View this SC 13G/A filing on SEC EDGAR