Central Fund Increases Equity Offering to Approximately U.S.$360 Million - Sprott Physical Gold (ARCA:CEF)

27% profit every 20 days?

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Central Fund of Canada Limited (NYSE: CEF) announces that a syndicate of underwriters led by CIBC have exercised their right to purchase an additional 1,800,000 Class A Shares at a price of U.S.$22.30 per Class A Share, for additional gross proceeds of approximately U.S.$40,000,000 to Central Fund. The Underwriters agreed earlier this morning to purchase 14,350,000 Class A Shares for gross proceeds of approximately U.S.$320,005,000.

27% profit every 20 days?

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