Arctic Glacier Income Fund
TSX : AG.UN

Arctic Glacier Income Fund

February 28, 2011 17:12 ET

Arctic Glacier Releases Tax Information for 2010

WINNIPEG, MANITOBA--(Marketwire - Feb. 28, 2011) - Arctic Glacier Income Fund (TSX:AG.UN) today released Canadian and U.S. tax information for 2010.

The Fund did not make any distributions to unitholders in 2010. As a result, there is no allocation of taxable income for Canadian residents in 2010.

The Fund is taxed as a partnership for U.S. purposes. The allocation of taxable income for U.S. residents during 2010 is comprised of (in Canadian dollars) $0.00000 U.S. source income and $0.01475 Canadian source income per unit. The detailed tax allocation of each distribution in 2010 to U.S. residents is available on the Fund's website at www.arcticglacier.com.

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 39 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
    1-888-573-9237
    or
    Arctic Glacier Income Fund
    Doug Bailey
    Chief Financial Officer
    1-888-573-9237
    or
    Toll free investor relations phone:
    1-888-573-9237
    www.arcticglacier.com