WINNIPEG, MANITOBA, Jan 05, 2012 (MARKETWIRE via COMTEX) —
Arctic Glacier Income Fund


/quotes/zigman/24861 CA:AG.UN
0.00%



(the “Fund”) announced
today that the Canadian National Stock Exchange (“CNSX”) has agreed
to list the units of the Fund effective at the commencement of
trading on Monday, January 9, 2012.

The units will trade under the symbol AG.UN, unchanged from the
current listing on the Toronto Stock Exchange (“TSX”).

In conjunction with the CNSX listing, the TSX will delist the units
effective at the close of trading on Friday, January 6, 2012.

The TSX delisting was to occur by January 19, 2012, and was imposed
due to (i) the Fund’s difficult financial condition, including its
current default under its credit facilities with lenders, and (ii)
the trading price of the Fund’s units has been so reduced as to not
warrant continued listing.

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(R) 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.

Forward-Looking Information

This news release contains forward-looking statements relating to the
delisting of the units of the Fund from the TSX and the listing of
the units of the Fund on the CNSX, which are subject to certain
risks, uncertainties and assumptions. A number of factors could cause
actual results to differ materially from the results discussed in
these forward-looking statements, and there is no assurance that
actual results will be consistent with these forward-looking
statements. These forward-looking statements are made as at the date
of this news release, and the Fund assumes no obligation to update or
revise them, either publicly or otherwise, to reflect new events,
information or circumstances.

The Toronto Stock Exchange does not approve or disapprove of the
adequacy or accuracy of this release.

        
        Contacts:
        Arctic Glacier Income Fund
        Keith McMahon, President  CEO
        Doug Bailey, Chief Financial Officer
        Toll free investor relations phone: 1-888-573-9237
 
www.arcticglacier.com            
        
        

SOURCE: Arctic Glacier Income Fund

 
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