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The following officers were re-elected: William president and CEO; Bruce senior vice president of finance and Robert Apgar, senior vice president, general counsel and assistant corporate secretary; Linda vice president and corporate secretary; and Gary vice president and controller Consolidated-Tomoka Land is focused on converting company-ownedr agricultural lands into a portfolio of net lease incomre properties in the Southeast through 1031 tax-deferred exchanges, as well as development. A 1031 exchange, namec after a section of the IRStax code, is the exchanger of one type of propertt for another similar type of property.
The firm in April reported first-quarterd net income was $322,206, or 6 cents per share, more than doubls net income for the same periodsin 2008. Company shares close at $32.71 June 12, down 4 cents from the previoue day’s close. Shares have traded from a low of $21.5t6 to a high of $50.57 over the last 52 weeks.
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