Arctic Glacier Income Fund

Arctic Glacier Income Fund

January 16, 2006 13:44 ET

CORRECTION FROM SOURCE: Arctic Glacier Announces January 2006 Cash Distribution

WINNIPEG, MANITOBA--(CCNMatthews - Jan. 16, 2006) - Correction to press release sent out January 16, 2006 @ 11:11am ET; changes were made to the first paragraph, the date was changed from January 30, 2006 to January 31, 2006. The complete and corrected release follows.

Arctic Glacier Income Fund (TSX:AG.UN) today announced a cash distribution for January 2006 of $0.0917 per trust unit. The distribution will be payable on February 15, 2006 to unitholders of record at the close of business on January 31, 2006. The Fund's current annualized cash distribution rate is $1.10 per unit.

Arctic Glacier Income Fund's policy is to pay monthly distributions to unitholders of record on the last business day of the month.

Holders of units who are non-residents of Canada will be subject to withholding taxes in respect of any distributions by Arctic Glacier Income Fund.

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 26 production plants and 41 distribution facilities across Canada and the central, midwest and northeastern United States servicing more than 53,000 retail accounts.

Arctic Glacier Income Fund trust units are listed on the Toronto Stock Exchange under the trading symbol AG.UN. There are 27.9 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
    Robert Nagy
    President & CEO
    Toll free: 1-888-573-9237
    Arctic Glacier Income Fund
    Keith McMahon
    Executive VP & Chief Financial Officer
    Toll free: 1-888-573-9237