Gyrodyne Co. of America Inc., Annual General Meeting, Dec 11, 2009, at 11:00 US Eastern Time. Location: Flowerfield Celebrations, Mills Pond Road, Saint James, NY 11780, United States. Agenda: To elect 3 directors to a three-year term of office, or until their successors shall be duly elected and qualified; to ratify the engagement of Holtz Rubenstein Reminick LLP as independent accountants of the company and its subsidiaries for the fiscal year ending December 31, 2009; and to transact such other business as may properly come before the annual meeting or any adjournment thereof.

Gyrodyne Co. of America Inc. announced that it has appointed Gary J. Fitlin as its Chief Financial Officer. The appointment was made pursuant to an Offer Letter and a Deferred Bonus Agreement, each executed on October 22, 2009, between Gyrodyne and Mr. Fitlin. Prior to joining the Company, Mr. Fitlin served as Director of Accounting Implementation for Lexington Realty Trust, from July 2006 to March 2008, where he was responsible for mergers and acquisitions.

Gyrodyne Co. of America Inc. reported earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported a net income of $3.74 million. In contrast, the company posted a net loss of $127,647 for the same quarter in the previous year.