Consolidated Tomoka Announces New Meeting Date for 2009 Annual Meeting of Shareholders
April 06 2009 - 12:35PM
PR Newswire (US)
DAYTONA BEACH, Fla., April 6 /PRNewswire-FirstCall/ --
Consolidated-Tomoka Land Co. (NYSE Amex: CTO) announced today that
it has set a new date for its 2009 Annual Meeting of Shareholders.
As a result of the review of its preliminary proxy materials by the
Securities and Exchange Commission, the Company's definitive proxy
statement was not available on its scheduled mailing date, so the
Company set a new date for the 2009 Annual Meeting in order to
provide the Company with sufficient time to solicit proxies. The
Annual Meeting was previously announced as being set for April 22,
2009, and is now scheduled to be held on May 13, 2009, at 10:00
a.m., local time, at the Hilton Garden Inn, 189 Midway Avenue,
Daytona Beach, Florida. The record date for shareholders entitled
to notice of and to vote at the annual meeting remains March 13,
2009. About Consolidated-Tomoka Land Co. Consolidated-Tomoka Land
Co. is a Florida-based company primarily engaged in converting
Company owned agricultural lands into a portfolio of net lease
income properties strategically located in the Southeast, through
the efficient utilization of 1031 tax-deferred exchanges. The
Company has low long-term debt and generates over $9 million in
annual before tax cash flow from its real estate portfolio. The
Company also engages in selective self-development of targeted
income properties. The Company's adopted strategy is designed to
provide the financial strength and cash flow to weather difficult
real estate cycles. Visit our website at http://www.ctlc.com/.
Important Additional Information The Company will be filing a proxy
statement with the Securities and Exchange Commission ("SEC") in
connection with the solicitation of proxies for its 2009 annual
meeting of shareholders. Shareholders are strongly advised to read
the Company's 2009 proxy statement and the accompanying WHITE proxy
card when they become available because they will contain important
information. Shareholders will be able to obtain copies of the
Company's 2009 proxy statement, any amendments or supplements to
the proxy statement and other documents filed by the Company with
the SEC in connection with its 2009 annual meeting of shareholders
free of charge at the SEC's website at http://www.sec.gov/, on the
Company's website at http://ctlc.com/2009_proxy.html or by writing
to our Corporate Secretary at Post Office Box 10809, Daytona Beach,
Florida, 32120-0809. In addition, copies of the proxy materials may
be requested by contacting our proxy solicitor, The Altman Group,
toll-free at (866) 620-1450 or by email at . The Company, its
directors, and its executive officers may be deemed participants in
the solicitation of proxies from shareholders in connection with
the Company's 2009 annual meeting of shareholders. Information
concerning persons who may be considered participants in the
solicitation of the Company's shareholders under the rules of the
SEC is set forth in public filings filed by the Company with the
SEC, including its proxy statement relating to its 2008 annual
meeting of shareholders, filed with the SEC on March 20, 2008 and
its Form 10-K for the fiscal year ended December 31, 2008, filed
with the SEC on March 12, 2009, and will be set forth in its proxy
statement relating to its 2009 Annual Meeting of Shareholders.
DATASOURCE: Consolidated-Tomoka Land Co. CONTACT: Bruce W. Teeters,
Sr. Vice President of Consolidated-Tomoka Land Co.,
+1-386-274-2202, Fax, +1-386-274-1223 Web Site:
http://www.consolidatedtomoka.com/
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