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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July, 2006

CENTRAL FUND OF CANADA LIMITED



(Translation of registrant's name into English)

Suite 805, 1323 - 15th Avenue S.W., Calgary, Alberta, Canada T3C 0X8



(Address of principal executive office)

[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F o                        Form 40-F ý

[Indicate by check mark whether the registrant by furnishing the information in this Form is also hereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

YES o                        NO ý

[If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A]





SIGNATURES

        Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

    CENTRAL FUND OF CANADA LIMITED
(Registrant)

Date August 9, 2006

 

By:

 

"(Signed)" J.C. STEFAN SPICER

                        (Signature)*
*Print the name and title under the signature of the signing officer   J.C. Stefan Spicer, President & CEO


EXHIBIT INDEX

CENTRAL FUND OF CANADA LIMITED

Exhibits to Form 6-K 3rd Quarter Report at July 31, 2006

Exhibit A:   Form 52-109F2 — Certification of Disclosure in Issuers' Annual and Interim Filings, CEO.

 

 

 
Exhibit B:   Form 52-109F2 — Certification of Disclosure in Issuers' Annual and Interim Filings, CFO.

EXHIBIT A

Form 52-109F2 — Certification of Interim Filings

I, J.C. Stefan Spicer, President and Chief Executive Officer of Central Fund of Canada Limited, certify that:

1.
I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings) of Central Fund of Canada Limited, (the issuer) for the interim period ending July 31, 2006;

2.
Based on my knowledge, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings;

3.
Based on my knowledge, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date and for the periods presented in the interim filings;

4.
The issuer's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures and internal control over financial reporting for the issuer, and we have:

a.
designed such disclosure controls and procedures, or caused them to be designed under our supervision, to provide reasonable assurance that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the interim filings are being prepared; and

b.
designed such internal control over financial reporting, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer's GAAP; and

5.
I have caused the issuer to disclose in the interim MD&A any change in the issuer's internal control over financial reporting that occurred during the issuer's most recent interim period that has materially affected, or is reasonably likely to materially affect, the issuer's internal control over financial reporting.

Date: August 9, 2006

"J.C. Stefan Spicer"
J.C. Stefan Spicer
Chief Executive Officer
Central Fund of Canada Limited


EXHIBIT B

Form 52-109F2 — Certification of Interim Filings

I, Cathy A. Spackman, Chief Financial Officer of Central Fund of Canada Limited, certify that:

1.
I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings) of Central Fund of Canada Limited, (the issuer) for the interim period ending July 31, 2006;

2.
Based on my knowledge, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings;

3.
Based on my knowledge, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date and for the periods presented in the interim filings;

4.
The issuer's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures and internal control over financial reporting for the issuer, and we have:

a.
designed such disclosure controls and procedures, or caused them to be designed under our supervision, to provide reasonable assurance that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the interim filings are being prepared; and

b.
designed such internal control over financial reporting, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer's GAAP; and

5.
I have caused the issuer to disclose in the interim MD&A any change in the issuer's internal control over financial reporting that occurred during the issuer's most recent interim period that has materially affected, or is reasonably likely to materially affect, the issuer's internal control over financial reporting.

Date: August 9, 2006

"Cathy A. Spackman"
Cathy A. Spackman
Chief Financial Officer
Central Fund of Canada Limited


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3rd Quarter

INTERIM REPORT TO SHAREHOLDERS


for the nine months ended July 31, 2006


GRAPHIC


The Role of Central Fund

        To serve investors as "The Sound Monetary Fund".
        To hold gold and silver bullion on a secure basis for the
        convenience of investors in the shares of Central Fund.

Investment Policies & Restrictions Articles of incorporation require that at least 75% of Central Fund's non-cash assets be invested in gold and silver bullion investments. This cannot be changed without shareholder approval.

 

The stated investment policy of the Board of Directors requires Central Fund to maintain a minimum of 90% of its net assets in gold and silver bullion of which at least 85% must be in physical form. On July 31, 2006, 98.6% of Central Fund's net assets were invested in gold and silver bullion. Of this bullion, 99.2% was in physical form and 0.8% was in certificate form.

 

Central Fund's physical gold and silver bullion holdings may not be loaned, subjected to options or otherwise encumbered in any way.

Safeguards

Central Fund's bullion is stored on a fully segregated basis in the underground vaults of the Canadian Imperial Bank of Commerce, one of the largest banks in North America in terms of total assets.

 

The Bank may only release physical bullion holdings upon receipt of an authorizing resolution of Central Fund's Board of Directors.

 

Insurance is carried on the physical gold and silver bullion holdings, against destruction, disappearance or wrongful abstraction.

 

Bullion holdings and bank vault security are inspected twice annually by directors and/or officers of Central Fund. On every occasion, inspections are required to be performed in the presence of both Central Fund's external auditors and bank personnel.

 

Central Fund is subject to the extensive regulations and reporting requirements of the United States Securities and Exchange Commission, two stock exchanges and various Canadian provincial securities regulatory authorities.

Conveniences

Central Fund's Class A shares are listed on the American Stock Exchange (CEF) and on the Toronto Stock Exchange (CEF.A in Canadian dollars and CEF.U in U.S. dollars). Making a gold and silver bullion investment through Central Fund is as easy as calling one's stockbroker or investment dealer.

 

The stock exchange listings provide a readily quoted, liquid market for the Class A shares of Central Fund. The bid/ask spread is considerably less than the buying and selling prices of outright bullion purchases, especially for small transactions.

 

All expenses of handling, storage and insurance of bullion are paid by Central Fund. Unlike most other forms of bullion investment, there are no ownership costs paid directly by the investor. As well, there are no bullion assay charges to the shareholder upon the sale, redemption or liquidation of the Class A shares of Central Fund.

1


3rd QUARTER REPORT

        Central Fund is currently 98.6% invested in gold and silver bullion. At July 31, 2006 Central Fund's gold holdings were 631,544 fine oz. of physical bullion and 5,522 fine oz. of gold bullion certificates. Silver holdings were 31,601,942 oz. of physical bullion and 245,572 oz. of silver bullion certificates. Insurance is carried on the physical bullion which is held in allocated safekeeping by a Canadian chartered bank in segregated vault storage. Central Fund continues to fulfill its mandate as "The Sound Monetary Fund".

On behalf of the Board of Directors:    

 

 

J.C. Stefan Spicer, President

MANAGEMENT'S DISCUSSION AND ANALYSIS (MD&A)

        The following discussion is based on the financial statements of Central Fund of Canada Limited ("Central Fund" or the "Company") which are prepared in accordance with accounting principles generally accepted in Canada. These principles are substantially the same as United States' generally accepted accounting principles.

        This analysis should be read in conjunction with Central Fund's financial statements prepared in accordance with Canadian GAAP included in its 2005 Annual Report and the accompanying MD&A.

        Throughout this discussion, all amounts are in currency of the United States.

        Certain statements in this report may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to our future outlook and anticipated events and may relate to matters that are not historical facts. In particular, statements regarding our objectives and strategies are forward-looking statements. These statements are based on certain factors and assumptions which we believe are reasonable as of the current date. While we believe these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties (described in "Risk Factors" of the Company's 2005 annual MD&A) that could cause results to differ materially from what we currently expect. Therefore future events and results may vary significantly from what we currently foresee.

OUTSTANDING SHARES

        There were 97,504,532 Class A retractable shares and 40,000 Common shares issued and outstanding at July 31, 2006.

        On April 27, 2006, the Company, through a public offering issued 3,208,212 Class A shares for proceeds of $26,948,981 net of underwriting fees of $1,122,874. Costs relating to this public offering were approximately $500,000 and net proceeds were approximately $26,448,981.

        The Company used the net proceeds from this public offering to purchase 17,475 fine ounces of gold at a cost of $10,462,625 and 873,800 ounces of silver at a cost of $11,215,730, both in physical bar form. The balance of $4,770,626, was retained by the Company in interest-bearing cash deposits for working capital purposes.

2


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Administrator, Administrative and Consulting Fees

        Central Fund has no employees. It is party to an Administrative and Consulting Agreement with The Central Group Alberta Ltd., which is related to the Company through four of its officers and directors. The Central Group Alberta Ltd., which acts as Administrator, has operating offices with employees, advisors and consultants which provide administrative and consulting services to the Company. For such services, the Company pays an administrative and consulting fee, payable monthly (See note 5 to financial statements).

Results of Operations — Change in Net Assets

        Net assets increased by $237,395,127 during the nine months ending July 31, 2006 as a result of the April 27, 2006 public offering and increases in gold and silver prices. Net assets decreased by $43,233,046 during the three months due to lower gold and silver prices.

        The following table summarizes the quarterly financial information:

 
  Quarter ended (US$)
 
  July 31,
2006

  Apr. 30,
2006

  Jan. 31,
2006

  Oct. 31,
2005

Unrealized appreciation (depreciation) of investments (in millions)   $ (42.9 ) $ 256.3   $ 127.2   $ 45.1
Net income (loss) (in millions)   $ (43.2 ) $ 254.2   $ 126.2   $ 44.3
Net income (loss) per share   $ (0.45 ) $ 1.35   $ 1.34   $ 0.47
 
 
  July 31, 2005
  Apr. 30, 2005
  Jan. 31, 2005
  Oct. 31, 2004
Unrealized appreciation (depreciation) of investments (in millions)   $ 1.0   $ 16.4   $ (16.7 ) $ 37.3
Net income (loss) (in millions)   $ 0.3   $ 15.6   $ (17.5 ) $ 36.7
Net income (loss) per share   $ 0.00   $ 0.17   $ (0.19 ) $ 0.53

Financial Results — Net Income

        Central Fund's income objective is secondary to its investment objective of holding the vast majority of its net assets in gold and silver bullion. Generally, Central Fund only seeks to maintain adequate cash reserves to enable it to pay operating expenses, taxes if applicable and Class A share dividends. Because holding gold and silver bullion does not generate income, Central Fund's realized income is a miniscule percentage of its net assets. However, CICA Accounting Guideline 18, Investment Companies requires Central Fund to record unrealized appreciation (depreciation) of investments in income.

        The net income (inclusive of unrealized depreciation of investments) for the nine months ended July 31, 2006 was $210,998,031 compared to a net loss (inclusive of unrealized depreciation of investments) of $1,612,077 for the same period in 2005. The net loss (inclusive of unrealized appreciation of investments) for the three months was $43,233,046 compared to net income of $274,173 for the same period in 2005. Certain expenses, such as administration fees that are scaled, and taxes, have varied in proportion to net asset levels, or, in the case of stock exchange fees, with market capitalization based on the number of Class A shares issued. Not only did safekeeping fees and bullion insurance costs increase to reflect the dollar prices of gold and silver bullion being held, but the custodian increased its rates significantly in its schedule of fees. Administration fees remitted to The Central Group Alberta Limited for the nine months increased to $1,461,830 from $1,154,645, such increase being at the rate of one-fifth of one percent per annum on the increased assets under administration.

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        Expenses (which exclude taxes) as a percentage of average net assets for the nine month period ended July 31, 2006 were 0.36%, compared to 0.39% for the same nine-month period in 2005. For the twelve months ended July 31, 2006, the operating expense ratio was 0.49% compared to 0.50% for the prior twelve-month period.

Liquidity and Capital Resources

        Virtually all of Central Fund's assets are gold and silver bullion that are readily liquidable.

        However, Central Fund holds cash reserves primarily for the payment of operating expenses, and Class A share dividends. Should Central Fund not have sufficient cash to meet its needs, a nominal portion of Central Fund's bullion holdings may be sold to fund tax and dividend payments, provide working capital, and pay for redemptions, if any, of Class A shares.

        For the nine months ended July 31, 2006, Central Fund's cash reserves increased by $1,096,905 to $11,292,284. The increase was a result of the cash portion retained from the proceeds of the public offering completed in April, 2006, offset by amounts used to pay expenses, taxes and the Class A share dividend. The Administrator and senior officers monitor Central Fund's cash position with an emphasis on maintaining its mandate to hold maximum amounts of gold and silver bullion.

Recent Development and Subsequent Event

        The Canadian Federal 2006 Budget has accelerated the elimination of the federal large corporations capital tax retroactive to January 1, 2006. As this tax has been a significant expense to Central Fund, its elimination is a positive benefit to the Company and its cash position (see note 7 to financial statements).

        On August 3, 2006, the Company through a public offering issued 7,150,000 Class A shares (see note 8 to financial statements).

Forward–looking Observations

        Changes in the market prices of gold and silver impact the net asset value per Class A share. Assuming as a constant exchange rate the rate which existed on July 31, 2006 of $1.1309 Cdn. for each U.S. dollar together with holdings of gold and silver bullion which existed on that date, a 10% change in the price of gold would increase or decrease the net asset value per share by approximately $0.41 per share or Cdn. $0.47 per share. A 10% change in the price of silver would increase or decrease the net asset value per share by approximately $0.37 per share or Cdn. $0.42 per share. If both gold and silver prices were to change by 10% simultaneously in the same direction, the net asset value per share would increase or decrease by approximately $0.79 per share or Cdn. $0.89 per share.

Additional Information

        This MD&A was prepared on August 9, 2006. Additional information relating to the Company, including its Annual Information Form, is available on the SEDAR website at www.sedar.com.

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Statement of Net Assets
(expressed in U.S. dollars, unaudited)

 
  July 31
2006

  October 31
2005

 
Net assets:            
Gold bullion, at market, average cost $257,296,231 (2005: $246,833,606) (note 2)   $ 402,944,470   291,672,631  
Silver bullion, at market, average cost $227,805,197 (2005: $216,589,467) (note 2)     364,335,561   240,510,890  
Marketable securities, at market average cost — $89,430 (2005: $89,430)     84,798   65,954  
Interest-bearing cash deposits     11,292,284   10,195,379  
Prepaid insurance, interest receivable and other (note 7)     314,282   76,477  
   
 
 
      778,971,395   542,521,331  
Accrued liabilities     (574,825 ) (576,925 )
Dividends payable       (942,963 )
   
 
 
Net assets representing shareholders' equity   $ 778,396,570   541,001,443  
   
 
 

Represented by:

 

 

 

 

 

 
Capital stock (note 3)            
  97,504,532 (2005: 94,296,320) Class A shares issued   $ 479,103,071   452,654,090  
  40,000 Common shares issued     19,458   19,458  
   
 
 
      479,122,529   452,673,548  
Contributed surplus (note 4)     17,115,207   19,595,783  
Retained earnings inclusive of unrealized appreciation of investments     282,158,834   68,732,112  
   
 
 
    $ 778,396,570   541,001,443  
   
 
 

Net asset value per share:

 

 

 

 

 

 
Class A shares   $ 7.98   5.74  
Common shares   $ 4.98   2.74  
   
 
 

Net asset value per share expressed in Canadian dollars:

 

 

 

 

 

 
Class A shares   $ 9.03   6.77  
Common shares   $ 5.63   3.23  
Exchange rate: U.S. $1.00 = Cdn.   $ 1.1309   1.1801  
   
 
 
On behalf of the Board:

"Douglas E. Heagle"
Director

"Philip M. Spicer"
Director
 

See accompanying notes to financial statements.

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Statement of Changes in Net Assets
(expressed in U.S. dollars, unaudited)

 
  Nine months ended
July 31

  Three months ended
July 31

 
  2006
  2005
  2006
  2005
Net assets at beginning of period   $ 541,001,443   418,349,579   $ 821,629,616   497,367,329

Add (deduct):

 

 

 

 

 

 

 

 

 

 
Net income (loss)     210,946,146   (1,612,077 )   (43,233,046 ) 274,173
Net issuance of Class A shares     26,448,981   80,904,000      
   
 
 
 
Increase (decrease) in net assets during the period     237,395,127   79,291,923     (43,233,046 ) 274,173
   
 
 
 
Net assets at end of period   $ 778,396,570   497,641,502   $ 778,396,570   497,641,502
   
 
 
 

Statement of Income (Loss)
(expressed in U.S. dollars, unaudited)

 
  Nine months ended
July 31

  Three months ended
July 31

 
 
  2006
  2005
  2006
  2005
 
Income:                      
Interest   $ 324,900   234,144   $ 147,483   129,942  
Dividends     390   894     130   130  
Unrealized appreciation (depreciation) of investments     213,426,722   716,046     (42,860,454 ) 962,155  
   
 
 
 
 
      213,752,012   951,084     (42,712,841 ) 1,092,227  
   
 
 
 
 
Expenses:                      
Administration fees (note 5)     1,461,830   1,154,645     527,257   381,843  
Safekeeping, insurance & bank charges     652,859   310,400     238,436   156,336  
Shareholder information     137,396   139,827     25,677   23,243  
Stock Exchange fees     90,739   70,468       297  
Directors' fees and expenses     76,356   72,942     24,086   25,108  
Legal fees (note 5)     72,695   79,646     6,458   11,145  
Registrar and transfer agent fees     54,261   57,917     23,904   10,642  
Accounting fees     40,326   29,909     11,933   9375  
Miscellaneous     1,335   886     351   275  
Foreign currency exchange loss (gain)     389   29,530     (6,555 ) (1,602 )
   
 
 
 
 
Total expenses     2,588,186   1,946,170     851,547   616,662  
   
 
 
 
 
Net income (loss) before income taxes     211,163,826   (995,086 )   (43,564,388 ) 475,565  
Income taxes (note 7)     (217,680 ) (616,991 )   331,342   (201,392 )
   
 
 
 
 
Net income (loss)   $ 210,946,146   (1,612,077 ) $ (43,233,046 ) 274,173  
   
 
 
 
 
Net income (loss) per share:                      
Class A shares   $ 2.21   (.02 ) $ (0.45 ) .00  
Common shares   $ 2.21   (.02 ) $ (0.45 ) .00  

See accompanying notes to the financial statements.

6


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Statement of Retained Earnings
(expressed in U.S. dollars, unaudited)

 
  Nine months ended
July 31

  Three months ended
July 31

 
  2006
  2005
  2006
  2005
Retained earnings:                    
Balance at beginning of period   $ 68,732,112   22,940,214   $ 325,019,288   22,694,105
Net income (loss)     210,946,146   (1,612,077 )   (43,233,046 ) 274,173
   
 
 
 
      279,678,258   21,328,137     281,786,242   22,968,278
Transferred from contributed surplus (note 4)     2,480,576   2,328,123     372,592   687,982
   
 
 
 
Balance at end of period   $ 282,158,834   23,656,260   $ 282,158,834   23,656,260
   
 
 
 

See accompanying notes to the financial statements.

7


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NOTES TO FINANCIAL STATEMENTS
For the nine months ended July 31, 2006
(amounts expressed in U.S. dollars unless otherwise stated)

1.     Summary of accounting policies:

2.     Gold and Silver Bullion:

Holdings

  Gold
   
   
  Silver
100 & 400 fine oz bars   631,544       1000 oz bars   31,601,942
Certificates   5,522       Certificates   245,572
   
         
Total fine ounces   637,066       Total ounces   31,847,514
   
         
 
Market Value:

  Per Fine Ounce
  Per Ounce
October 31, 2005   U.S. $ 470.75   U.S. $ 7.765
July 31, 2006   U.S. $ 632.50   U.S. $ 11.440
   
 

3.     Capital stock:

8


4.     Contributed Surplus and Retained Earnings:

5.     Related party transactions and fees:

9


6.
Principal differences between Canadian and United States generally accepted accounting principles:

7.     Income taxes:

8.     Subsequent event:

9.     Comparative figures:

10


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Corporate Information

 
   
Directors
John S. Elder Q.C. (C)
Douglas E. Heagle (A)(C)(I)(L)
Ian M.T. McAvity (E)(I)
Michael A. Parente CMA, CFP (A)(I)
Robert R. Sale (A)(C)(I)
Dale R. Spackman Q.C. (E)
J.C. Stefan Spicer (E)
Philip M. Spicer (E)
Malcolm A. Taschereau (A)(C)(I)
  Officers
Philip M. Spicer, Chairman
Dale R. Spackman Q.C., Vice-Chairman
J.C. Stefan Spicer, President & CEO
John S. Elder Q.C., Secretary
Catherine A. Spackman CMA, Treasurer
Teresa E. Poper, Assistant Treasurer

Advisors to the Administrator
Ian M.T. McAvity, Toronto, Ontario — Market Analyst
Dr. Hans F. Sennholz, Grove City, PA — Monetary Advisor
(A)
—     Member of Audit Committee
(C)
—     Member of Corporate Governance Committee
(E)
—     Member of Executive Committee
(I)
—     May be regarded as an independent director under Canadian Securities Administrators' rules.
(L)
—     Lead Director

 
   
Administrator
The Central Group Alberta Ltd.
Calgary, Alberta
  Auditors
Ernst & Young LLP
Calgary and Toronto

Banker
Canadian Imperial Bank of Commerce
at Calgary, Alberta

 

Custodian
Canadian Imperial Bank of Commerce
at Calgary, Toronto and Vancouver

Legal Counsel
Fraser Milner Casgrain LLP, Toronto, Ontario
Parlee McLaws LLP, Calgary, Alberta

 

Registrar and Transfer Agents
Mellon Investor Services LLC, New York
CIBC Mellon Trust Company at Calgary,
Montreal, Toronto and Vancouver

Share Ownership Certificates

        Certificates of share ownership registered in shareholders' names at their own addresses for delivery to them for their own safekeeping may be obtained upon the request of holders and payment of any applicable fees to the relevant Registrar and Transfer Agent of the Company.

Head Office
Hallmark Estates
Suite 805, 1323-15th Avenue S.W.
Calgary, Alberta T3C 0X8
Telephone (403) 228-5861
Fax (403) 228-2222
  Shareholder and Investor Inquiries
Administrator, P.O. Box 7319
Ancaster, Ontario L9G 3N6
Telephone (905) 648-7878
Fax (905) 648-4196


Website: www.centralfund.com
E-mail: info@centralfund.com


GRAPHIC




Portfolio
at
July 31, 2006
  GRAPHIC

Class A Shares Stock Exchange Listings


 
  Electronic
Ticker Symbols

  Newspaper
Quote Symbols

American Stock Exchange   CEF   CFCda
The Toronto Stock Exchange   CEF.A in CDN$
CEF.U in U.S.$
  CFund A
 

Net Asset Value Information

The net asset value per Class A share is calculated daily and is available at www.centralfund.com
or by calling the Administrator's Investor Inquiries office at (905) 648-7878 or by sending an email to info@centralfund.com.
The Thursday net asset value is published on a regular basis in several financial newspapers among which are the following:

 

In the United States (figures published in U.S. $):

Wall Street Journal
Barrons
New York Times
 

In Canada (figures published in Canadian $):

Globe and Mail Report on Business
National Post, Financial Post Section



QuickLinks

SIGNATURES
EXHIBIT INDEX CENTRAL FUND OF CANADA LIMITED Exhibits to Form 6-K 3rd Quarter Report at July 31, 2006
Website: www.centralfund.com E-mail: info@centralfund.com