Arctic Glacier Income Fund announced that the Plan of Compromise or Arrangement of, inter alia, the Fund dated May 21, 2014, as amended will be implemented on January 22, 2015 (the ‘Plan Implementation Date'). On the Plan Implementation Date, unitholders of the Fund as of December 18, 2014 (the ‘Record Date') will be entitled to receive an initial distribution from the Fund pursuant to the Plan of $0.155570 per unit of the Fund held on the Record Date.