Central Fund of Canada Limited (Central Fund) is an investment holding company. Central Fund’s objective is to provide investment alternative for investors interested in holding marketable gold and silver related investments. The Company invests virtually all of its assets in long-term holdings of unencumbered, allocated and segregated gold and silver bullion. The Company holds at least 90% of its net assets in gold and silver bullion, primarily in bar form. As of October 31, 2008, the Company’s assets were made up of 58.9% gold bullion, 37.4% silver bullion and certificates, 3.7% cash and interest-bearing deposits and other working capital amounts.