Arctic Glacier Income Fund

Arctic Glacier Income Fund

August 24, 2011 07:00 ET

Robert Nagy Resigns From Arctic Glacier Board

WINNIPEG, MANITOBA--(Marketwire - Aug. 24, 2011) - Arctic Glacier Income Fund (TSX:AG.UN) (the "Fund") today announced that Robert Nagy has resigned from the Board of Trustees of the Fund and the Board of Directors of the operating company, Arctic Glacier Inc. ("the Company"), for personal reasons.

Mr. Nagy was Chairman of the Company from 1996 to 2002 and retired as President and CEO of the Fund in December 2006 to become Vice-Chairman of the Fund and the Company. He has been a trustee of the Fund since its inception in 2002.

The Board of Directors of Arctic Glacier expressed its appreciation to Mr. Nagy for his 40 years of service to the Company and its predecessors.

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