Consolidated Tomoka Announces Settlement of Litigation with Wintergreen Advisers

DAYTONA BEACH, Fla.–(BUSINESS WIRE)–Consolidated-Tomoka Land Co. (NYSE MKT: CTO) (the “Company”) today announced that it has reached a settlement agreement (the “Settlement”) with Wintergreen Advisers, LLC (“Wintergreen”) regarding the complaint filed by Wintergreen in February 2017 against the Company and its Board of Directors (the “Board”) in the Circuit Court of the Seventh Judicial Circuit in Volusia County, Florida (the “Lawsuit”). Under the terms of the Settlement, Wintergreen’s four c