Arctic Glacier Income Fund

Arctic Glacier Income Fund

November 25, 2008 21:57 ET

Arctic Glacier Cooperates Fully With Related U.S. Department of Justice Investigation

WINNIPEG, MANITOBA--(Marketwire - Nov. 25, 2008) - Arctic Glacier Income Fund (TSX:AG.UN) announced that its operating subsidiary, Arctic Glacier Inc., was notified today that the Civil Division of the United States Department of Justice is investigating whether the Company has violated the False Claims Act by entering into allegedly anticompetitive agreements that may have affected sales of packaged ice to the U.S. federal government. The Civil Division's investigation is related to the ongoing investigation by the Antitrust Division of the U.S. Department of Justice into possible antitrust violations in the U.S. packaged ice industry.

The company is cooperating fully with authorities in the course of this investigation.

Arctic Glacier Income Fund, through its operating company, Arctic Glacier Inc., is a leading producer, marketer and distributor of high-quality packaged ice in North America under the brand name of Arctic Glacier® Premium Ice. Arctic Glacier operates 38 production plants and 51 distribution facilities across Canada and the northeast, central and western United States servicing more than 75,000 retail accounts.

Arctic Glacier Income Fund trust units are listed on the Toronto Stock Exchange under the trading symbol AG.UN. There are 39.0 million trust units outstanding.

The Toronto Stock Exchange does not approve or disapprove of the adequacy or accuracy of this release.

Contact Information

  • Arctic Glacier Income Fund
    Keith McMahon
    President & CEO
    Toll free investor relations phone: 1-888-573-9237
    Arctic Glacier Income Fund
    Doug Bailey
    Chief Financial Officer
    Toll free investor relations phone: 1-888-573-9237