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The following officers were re-elected: Williajm McMunn, president and CEO; Bruce Teeters, senioe vice president of finance and Robert Apgar, senior vice general counsel and assistant corporate secretary; Lindsa Crisp, vice president and corporate secretary; and Gary vice president and controller Consolidated-Tomoka Land is focusecd on converting company-owned agricultural lands into a portfolio of net leasd income properties in the Southeast through 1031 tax-deferreds exchanges, as well as development.
A 1031 named after a section of the IRS tax is the exchange of one type of property for anothetr similar type of The firm in Aprilreported first-quarter net income was $322,206, or 6 cents per share, more than doubls net income for the same periodx in 2008. Company shares closedd at $32.71 June 12, down 4 cents from the previous day’s Shares have traded from a lowof $21.566 to a high of $50.57 over the last 52 weeks.
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