CORRECTED - CORRECTED-BRIEF-Arctic Glacier suspends two executives

(Corrects headline to clarify the company suspended its executives, did not fire them)

March 30 (Reuters) - Arctic Glacier Income Fund AG_u.TO:

* Announces suspension of executive vice president, Operations and vice president, Sales and Marketing

* Says board believes Frank Larson and Gary Cooley may have violated certain of co's policies

* Says board may take further action prior to or following conclusion of internal investigation

* Says team of senior executives will assume duties and responsibilities of Larson and Cooley on an interim basis