DAYTONA BEACH, Fla., May 11, 2020 (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) announced that the shareholders of the Company, at its annual meeting on April 29, 2020, approved the change in the Company’s name to CTO Realty Growth, Inc. (“CTO”). The name change becomes effective today, May 11, 2020, including for all filings with the Securities & Exchange Commission and the Company’s listing on the New York Stock Exchange.

Mr. John P. Albright, President and Chief Executive Officer of the Company, stated, “We are appreciative that our shareholders approved changing our Company’s name to CTO Realty Growth, Inc. a name that we believe aligns with the future of CTO while retaining an appropriate acknowledgment of the 110-year history of our great company.”

About CTO Realty Growth, Inc.

CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.3 million square feet in diversified markets in the United States and an approximately 22% interest in Alpine Income Property Trust, Inc., a publicly traded net lease real estate investment trust (NYSE: PINE). Visit our website at www.ctlc.com.