02:14 PM EST - Arctic Glacier Income Fund : is reducing the rate of its monthly cash distributions to unitholders by 18 percent after sales and profits slipped lower in the second quarter. The ice and bottled water supplier said Tuesday that distributions will fall to an annual rate of 90 cents per unit from $1.10 per unit, beginning in August. Net income for the three months ended June 30 was $7.8 million, or 20 cents per unit, as compared to $11.7 million, or 29 cents per unit, a year earlier. Arctic Glacier Income Fund
units T.AG.UN are trading off $1.31 at $6.15.
