On May 21, 2015, Silver Bullion Trust announced results from its annual and special meeting of Unitholders and reported that Unitholders voted to reject the proposed amendments to Company's Amended and Restated Declaration of Trust to include a new physical bullion redemption feature and to amend the Trust's existing cash redemption feature made by Polar Securities Inc. In addition, the Company added that Unitholders also voted to reject Polar's proposal to replace all of Company's independent Trustees and voted to elect all of Company's Trustee nominees to the Board.