Arctic Glacier Income Fund

Arctic Glacier Income Fund

February 12, 2010 12:42 ET

Arctic Glacier Plea Agreement with U.S. Department of Justice Accepted by U.S. District Court

WINNIPEG, MANITOBA--(Marketwire - Feb. 12, 2010) - Arctic Glacier Income Fund (TSX:AG.UN) today announced a plea agreement entered into by its U.S. subsidiary, Arctic Glacier International Inc. with the U.S. Department of Justice on October 13, 2009 was accepted by the U.S. District Court following a hearing on February 11, 2010 in Cincinnati, Ohio.

As previously announced, the plea agreement settles all charges related to allegations that three former employees of the subsidiary conspired with a co-conspirator company from January 2001 through July 2007 to allocate packaged ice customers in southeastern Michigan and the Detroit metropolitan area.

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 48 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