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Arctic Glacier Income Fund (AG-UN.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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0.01000.0000 (0.00%)
At close: 11:35AM EDT
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Previous Close0.0100
Open0.0000
Bid0.0100 x 0
Ask0.0150 x 0
Day's Range0.0000 - 0.0000
52 Week Range
Volume0
Avg. Volume157,373
Market Cap70.063M
Beta (5Y Monthly)-0.43
PE Ratio (TTM)N/A
EPS (TTM)-0.4920
Earnings DateN/A
Forward Dividend & Yield0.01 (95.15%)
Ex-Dividend DateAug. 14, 2020
1y Target EstN/A
  • GlobeNewswire

    Arctic Glacier Income Fund Confirms Distribution to Unitholders

    WINNIPEG. Manitoba, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Arctic Glacier Income Fund (CSE:AG.UN) (the “Fund”) today confirmed that, as a follow-up to its earlier announcement of a distribution (the “Interim Distribution”) of CAD$0.01427278 per unit of the Fund, representing an aggregate value of CAD$5,000,000, payable on September 11, 2020 to unitholders of record on August 17, 2020, it has provided funds to its transfer agent to effect that Interim Distribution.The Interim Distribution was made pursuant to the Plan of Compromise or Arrangement of, inter alia, the Fund dated May 21, 2014, as amended (the “Plan”). Pursuant to the Plan, Alvarez & Marsal Canada Inc., the Court-appointed monitor of the Fund and its subsidiaries (the “Monitor”), transferred the aggregate value of the Interim Distribution on behalf and for the account of the Fund to the Fund’s transfer agent (the “Transfer Agent”) on September 11, 2020. Pursuant to the Plan, the Transfer Agent shall distribute the Interim Distribution to each of the Fund’s registered unitholders as soon as reasonably practicable and in no event later than five business days following the receipt of funds from the Monitor.The Interim Distribution will be considered a return of capital. Unitholders should consult their own tax advisors having regard to their particular circumstances.The Plan can be found on the Monitor’s website at http://www.alvarezandmarsal.com/arctic-glacier-income-fund-arctic-glacier-inc-and-subsidiaries (the “Monitor’s Website”).More information about the Fund’s proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) can be found on the Monitor’s Website.About the FundArctic Glacier Income Fund trust units are listed on the Canadian Securities Exchange under the trading symbol AG.UN. There are 350,317,221 trust units outstanding.For further information, contact: Hugh A. Adams, Corporate Secretary Tel No.: 204.781.4496

  • GlobeNewswire

    Arctic Glacier Issues Default Status Report Pursuant to National Policy 12-203

    WINNIPEG, Manitoba, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Arctic Glacier Income Fund (CSE: AG.UN) (the “Fund”) is providing a default status report, in accordance with the alternative information guidelines set out in National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults (“National Policy 12-203”). On August 15, 2012, the Fund announced (the “Default Announcement”) that it would not be able to file an interim financial report and interim management's discussion and analysis for the period ended June 30, 2012, together with the related certification of filings under National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (collectively, the “Continuous Disclosure Documents”) by August 29, 2012, the deadline prescribed by securities legislation (the “Specified Requirement”).Except as discussed below, there have been no material changes to the information contained in the Default Announcement or any other changes required to be disclosed under National Policy 12-203.The Fund still intends to file the Continuous Disclosure Documents as soon as is commercially reasonable, or as required by the Manitoba Court of Queen's Bench pursuant to the Fund's Companies’ Creditors Arrangement Act (the “CCAA”) proceedings. More information about the Arctic Glacier Parties’ CCAA proceeding can be found on the website of its Court-appointed monitor at http://www.alvarezandmarsal.com/arctic-glacier-income-fund-arctic-glacier-inc-and-subsidiaries.Forward-Looking StatementsCertain statements included herein constitute “forward-looking statements”. All statements, other than statements of historical fact, included in this release that address future activities, events, developments or financial performance are forward-looking statements. These forward-looking statements can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “future” or “continue” or the negative thereof or similar variations. In particular, statements about the Fund's intentions to satisfy the provisions of the alternative information guidelines and file information with the applicable securities regulatory authorities, as well as the expected timetable for satisfying the Specified Requirement, are or involve forward-looking information. These forward-looking statements are based on certain assumptions and analyses made by the Fund and its management, in light of their experiences and their perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. Investors are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties, assumptions and other factors, many of which are outside the control of the Fund, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, among other things, the CCAA process and the Fund's ability to secure sufficient resources to prepare the Continuous Disclosure Documents. Readers are cautioned that the foregoing list is not exhaustive. Such forward-looking statements should, therefore, be construed in light of such factors. If any of these risks or uncertainties were to materialize, or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein. All forward-looking statements attributable to the Fund, or persons acting on its behalf, are expressly qualified in their entirety by the cautionary statements set forth above. Readers are cautioned not to place undue reliance on forward-looking statements contained herein, which reflect the analysis of the management of the Fund, as appropriate, only as of the date of this release. For more information regarding these and other risks, readers should consult the Fund’s reports on file with applicable securities regulatory authorities accessible online by going to SEDAR at www.sedar.com or by going to the website of its Court-appointed monitor at http://www.alvarezandmarsal.com/arctic-glacier-income-fund-arctic-glacier-inc-and-subsidiaries. The Fund is under no obligation, and Fund expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.About the FundArctic Glacier Income Fund trust units are listed on the Canadian Securities Exchange under the trading symbol AG.UN. There are 350.3 million trust units outstanding.Contact: Hugh Adams Ph: 204-781-4496 Email: hugh@hughadamslaw.com

  • GlobeNewswire

    Arctic Glacier Income Fund Announces Distribution to Unitholders

    WINNIPEG, Manitoba, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Arctic Glacier Income Fund (CSE:AG.UN) (the “Fund”) announced today that unitholders of the Fund will be entitled to receive a distribution (the “Interim Distribution”) of CAD$0.01427278 per unit of the Fund, representing an aggregate value of CAD$5,000,000, payable on September 11, 2020 to unitholders of record on August 17, 2020. As of the opening of trading on August 14, 2020, the Units will trade on an ex-dividend basis (i.e., any seller of units will retain their right to the Interim Distribution and the purchaser thereof will not be entitled to the Interim Distribution). The Interim Distribution will be made pursuant to the Plan of Compromise or Arrangement of, inter alia, the Fund dated May 21, 2014, as amended (the “Plan”). Pursuant to the Plan, Alvarez & Marsal Canada Inc., the Court-appointed monitor of the Fund and its subsidiaries (the “Monitor”) will transfer the aggregate value of the Interim Distribution on behalf and for the account of the Fund, to the Fund’s transfer agent (the “Transfer Agent”) on September 11, 2020. Pursuant to the Plan, the Transfer Agent shall distribute the Interim Distribution to each of the Fund’s registered unitholders as soon as reasonably practicable and in no event later than five business days following the receipt of funds from the Monitor.The Interim Distribution will be considered a return of capital. Unitholders should consult their own tax advisors having regard to their particular circumstances.The Plan can be found on the Monitor’s website at http://www.alvarezandmarsal.com/arctic-glacier-income-fund-arctic-glacier-inc-and-subsidiaries (the “Monitor’s Website”).More information about the Fund’s proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) can be found on the Monitor’s Website.Forward-Looking StatementsCertain statements included herein constitute “forward-looking statements”. All statements, other than statements of historical fact, included in this release that address future activities, events, developments or financial performance are forward-looking statements. These forward-looking statements can be identified by the use of forward-looking words such as “may”, “should”, “will”, “requires”, “could”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “future” or “continue” or the negative thereof or similar variations. These forward-looking statements are based on certain assumptions and analyses made by the Fund and its management, in light of their experiences and their perception of current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. Investors are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties, assumptions and other factors, many of which are outside the control of the Fund, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, among other things, the CCAA process. Readers are cautioned that the foregoing list is not exhaustive. Such forward-looking statements should, therefore, be construed in light of such factors. If any of these risks or uncertainties were to materialize, or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein. All forward-looking statements attributable to the Fund, or persons acting on its behalf, are expressly qualified in their entirety by the cautionary statements set forth above. Readers are cautioned not to place undue reliance on forward-looking statements contained herein, which reflect the analysis of the management of the Fund, as appropriate, only as of the date of this release. For more information regarding these and other risks, readers should consult the Fund’s reports on file with applicable securities regulatory authorities accessible online by going to SEDAR at www.sedar.com. The Fund is under no obligation, and the Fund expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.About the FundArctic Glacier Income Fund trust units are listed on the Canadian Securities Exchange under the trading symbol AG.UN. There are 350,317,221 trust units outstanding.Contact: Hugh Adams Ph: 204-781-4496 Email: hugh@hughadamslaw.com