Arctic Glacier Income Fund

Arctic Glacier Income Fund

September 02, 2011 14:18 ET

Arctic Glacier Annual Meeting Scheduled For October 17

WINNIPEG, MANITOBA--(Marketwire - Sept. 2, 2011) - Arctic Glacier Income Fund (TSX:AG.UN) (the "Fund") announced today it will be holding its 2011 annual meeting of unitholders in Winnipeg on Monday, October 17, 2011 at 9 am Central Time. An information circular is expected to be mailed to unitholders on or about September 21, 2011 in connection with the meeting.

In June, Arctic Glacier applied to the TSX for an extension to hold its annual meeting not later than September 30, 2011 to provide additional time for the Fund to pursue strategic alternatives and the TSX granted that extension. In August, Arctic Glacier applied for a further extension for the same reasons, which the TSX granted up to and including October 17, 2011. Arctic Glacier is continuing to pursue strategic alternatives to enhance unitholder value but there is no certainty that an agreement will be reached for such a transaction.

About Arctic Glacier

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, primarily under the brand name of Arctic Glacier® Premium Ice. Arctic Glacier operates 39 production plants and 48 distribution facilities across Canada and the northeast, central and western United States servicing more than 75,000 retail locations.

Arctic Glacier Income Fund trust units are listed on the Toronto Stock Exchange under the trading symbol AG.UN. There are currently 350.3 million trust units outstanding.

Forward-Looking Information

This news release contains forward-looking statements, which are subject to certain risks, uncertainties and assumptions. A number of factors could cause actual results to differ materially from the results discussed in these forward-looking statements, and there is no assurance that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as at the date of this news release, and the Fund assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances.

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