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ANCASTER, Ontario and TORONTO, Jan. 15, 2018 (GLOBE NEWSWIRE) — Central Fund of Canada Limited (NYSE American:CEF) (TSX:CEF.A) (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.
With the closing of the Arrangement on January 16, 2018, trading of the units of the newly-established Sprott Physical Gold and Silver Trust is expected to commence on the NYSE Arca under the symbol “CEF” and on the Toronto Stock Exchange under the symbol “CEF.U” on such date. Trading of the Class A Shares of CFCL on the NYSE American and the Toronto Stock Exchange will be suspended at the opening of market on such date.