Central Fund of Canada Limited is a specialized investment holding company which invests primarily in long-term holdings of
allocated, segregated and unencumbered gold and silver bullion and does not actively speculate with regard to short-term changes in
gold and silver prices. At October 31, 2008, the Class A shares of Central Fund were backed 96% by gold and silver bullion and may
be purchased or sold with ease on either the NYSE Alternext U.S. (formerly the American Stock Exchange Symbol: CEF) or
The Toronto Stock Exchange (Symbols: CEF.A in Canadian dollars and CEF.U in U.S. dollars).