Wintergreen to take active interest in Consolidated-Tomoka Land

By Lisa Kerner

Charlotte, N.C., Feb. 22 - Consolidated-Tomoka Land Co. investors led by Wintergreen Advisers, LLC, which owns 991,651 shares, or 17.4%, of the company's common stock, began discussions with management regarding maximizing the value of its Daytona properties.

Wintergreen said it "intends to continue its dialogue with, and to take an active interest in, the issuer to encourage strategic focus on the Volusia county properties," according to a schedule 13D filing with the Securities and Exchange Commission.

Consolidated-Tomoka Land is a real estate and land development company located in Daytona Beach, Fla.

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