ANCASTER, ON and TORONTO, ON–(Marketwired – January 15, 2018) – Central Fund of Canada Limited (NYSE American: CEF) (NYSE MKT: CEF) (TSX: CEF.A) (TSX: CEF.U) (“CFCL” or “Central Fund”) and Sprott Asset Management LP (“Sprott”), announced today that the previously announced plan of arrangement (the “Arrangement”) is expected to close and be effective on January 16, 2018, subject to the satisfaction of remaining customary conditions to closing.

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