Inadaba Capital, REIT:
Indaba Capital Management just reduced its exposure to Gyrodyne Company of America, Inc. (NASDAQ:GYRO
), a REIT. According to the recent SEC filing, Indaba now holds 17,500 shares, equal to 1.18% of the company. In a filing from August, Indaba disclosed ownership of 144,552 shares of Gyrodyne, with the stake representing 9.75% of its common stock.
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