AN INVESTMENT FUND SEEKING TO

Unlock Shareholder Value

and Improve Corporate Governance
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Star Equity Fund Responds to Gyrodyne Board’s Entrenchment Tactics

Old Greenwich, CT – June 21, 2023 – Star Equity Fund, LP (“Star Equity Fund”, “we”, or “our”) is an investment fund focused on unlocking shareholder value and improving corporate governance at its portfolio companies. Star Equity fund owns 6.7% of the common stock of Gyrodyne, LLC (Nasdaq: GYRO) (“Gyrodyne”

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