Arctic Glacier Income Fund

Arctic Glacier Income Fund

August 25, 2011 22:13 ET

Arctic Glacier Receives Requisition for Unitholder Meeting

WINNIPEG, MANITOBA--(Marketwire - Aug. 25, 2011) - Arctic Glacier Income Fund (the "Fund") (TSX:AG.UN) today stated that a requisition has been received from Coliseum Capital Management, LLC and Talamod Master Fund, LP, who hold "not less than 10% of the votes" attached to the units in the Fund.

The requisition requests that the trustees of the Fund call a special meeting of the unitholders of the Fund for the removal of the current trustees of the Fund from office and the election of four new trustees to be named by these parties in their dissident information circular at a later time. The requisition was unexpected in light of ongoing discussions with both parties.

The board of trustees of the Fund is reviewing the requisition together with its counsel and will update the market in due course.

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 approximately 350.3 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