Central Fund of Canada Limited (Central Fund) is an investment holding company. The Company is a specialized, passive holding company with most of its assets held in gold and silver bullion. Central Fund’s purpose is to hold gold and silver bullion on a secure basis for the convenience of investors in the shares of Central Fund. During the fiscal year ended October 31, 2009 (fiscal 2009), Central Fund’s net assets consisted of unencumbered and segregated, passive, long-term holdings of gold and silver bullion. The Company holds about 99.3% interest in gold bullion and 99.6% in the silver bullion, primarily in bar forms.