0001462180-11-000030.txt : 20110519 0001462180-11-000030.hdr.sgml : 20110519 20110519100039 ACCESSION NUMBER: 0001462180-11-000030 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110519 DATE AS OF CHANGE: 20110519 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BROOKLYN CAPITAL MANAGEMENT GROUP MEMBERS: BULLDOG INVESTORS GROUP MEMBERS: PHILLIP GOLDSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GYRODYNE CO OF AMERICA INC CENTRAL INDEX KEY: 0000044689 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF NONRESIDENTIAL BUILDINGS [6512] IRS NUMBER: 111688021 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-33650 FILM NUMBER: 11856660 BUSINESS ADDRESS: STREET 1: 1 FLOWERFIELD STREET 2: SUITE 24 CITY: ST JAMES STATE: NY ZIP: 11780 BUSINESS PHONE: 6315845400 MAIL ADDRESS: STREET 1: 1 FLOWERFIELD STREET 2: SUITE 24 CITY: ST JAMES STATE: NY ZIP: 11780 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bulldog Investors CENTRAL INDEX KEY: 0001462180 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: PARK 80 WEST PLAZA TWO STREET 2: SUITE 750 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 BUSINESS PHONE: 201 556-0092 MAIL ADDRESS: STREET 1: PARK 80 WEST PLAZA TWO STREET 2: SUITE 750 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 SC 13G 1 thirteeng.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Gyrodyne Co of America Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 403820103 (CUSIP Number) 5/18/11 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: __ Rule 13d-1(b) _X_ Rule 13d-1(c) __ Rule 13d-1(d) CUSIP No.: 403820103 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Bulldog Investors, Brooklyn Capital Management, Phillip Goldstein and Andrew Dakos 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) x (b) 3. SEC Use Only 4. Citizenship or Place of Organization U.S.A Number of Shares Beneficially Owned by Each reporting Person With: 5. Sole Voting Power 198,169 6. Shared Voting Power 32,429 7. Sole Dispositive Power 230,598 8. Shared Dispositive Power N/A 9. Aggregate Amount Beneficially Owned by Each Reporting Person 230,598 10. Check if the Aggregate Amount in Row ( 9 ) Excludes Certain Shares (See Instructions) N/A 11. Percent of Class Represented by Amount in Row ( 9 ) 17.88% 12. Type of Reporting Person (See Instructions) IA Item 1. (a) The Name of the Issuer is: Gyrodyne Co of America Inc. (b) The Address of the Issuer's Principal Executive Office is: 1 Flowerfield Suite 24 St James, NY 11780 Item 2. (a) The names of the Persons Filing are: Bulldog Investors, Brooklyn Capital Management, Phillip Goldstein and Andrew Dakos. Phillip Goldstein and Andrew Dakos are principals of Bulldog Investors. (b) The address of principal place of business and principal office is: See (c) (c) Place of Organization: Park 80 West, 250 Pehle Ave. Suite 708 Saddle Brook, NJ 07663 (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 403820103 Item 3. The persons filing are not listed in Items 3(a) through 3 (j). Item 4. (a) Amount beneficially owned: 230,598 (b) Percent of class: 17.88% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 198,169 (ii) Shared power to vote or to direct the vote: 32,429 (iii) Sole power to dispose or to direct the disposition of: 230,598 (iv) Shared power to dispose or to direct the disposition of: N/A Item 5. Ownership of Five Percent or Less of a Class. 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. Ownership of More than Five Percent on Behalf of Another Person. Clients of Phillip Goldstein and Andrew Dakos are entitled to receive dividends and sales proceeds. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. By: /s/ Name: Phillip Goldstein Title: Principal, Bulldog Investors Date: May 20, 2011 By: /s/ Name: Andrew Dakos Title: Principal, Bulldog Investors Date: May 20, 2011