An anonymous director reports

ARCTIC GLACIER INCOME FUND ANNOUNCES DISTRIBUTION TO UNITHOLDERS

The plan of compromise or arrangement of, inter alia, Arctic Glacier Income Fund dated May 21, 2014, as amended, will be implemented on Jan. 22, 2015.

On the plan implementation date, unitholders of the fund as of Dec. 18, 2014, will be entitled to receive an initial distribution from the fund pursuant to the plan of 15.5570 U.S. cents per unit of the fund held on the record date. Pursuant to the plan, the monitor will transfer the aggregate value of the initial distribution, on behalf and for the account of the fund, to the fund's transfer agent on the plan implementation date. The plan requires that the transfer agent distribute the initial 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 amended plan can be found on the website of Alvarez & Marsal Canada Inc., the court-appointed monitor of the fund and its subsidiaries.

More information about the fund's proceedings under the Companies' Creditors Arrangement Act can be found on the monitor's website.

We seek Safe Harbor.