Central Fund of Canada Limited announces a share repurchase program. Under the program, the company will repurchase up to 12,605,800 common shares, representing 5% of its Class A common shares issued and outstanding as on February 16, 2017. The repurchases will be made at the prevailing market prices. Repurchases will be effected through the facilities of Toronto Stock Exchange or other Canadian market places and the New York Stock Exchange. Repurchased shares will be cancelled. Repurchases will be made by the company in accordance with Toronto Stock Exchange, and NYSE rules and securities laws. The timing of and actual number of shares purchased will be determined by the Corporation and be subject to market conditions, share price and regulatory requirements. Funding for the purchase of shares will come from a sale of existing gold and silver bullion holdings of the Corporation. The repurchase program has been approved by Toronto Stock Exchange. The normal course issuer bid will commence on March 1, 2017 and will be valid till February 28, 2018. As of February 16, 2017, the company has 252,116,003 Class A shares outstanding.