Medallion Financial buys preferred securities for $11.2M

The $11,163,231.48 aggregate purchase price includes accrued distributions due through October 21, 2026.

Rhea-AI Filing Summary

Medallion Financial Corp. (MFIN) completed its purchase from BIMIZCI Fund LLC of trust preferred securities issued by Medallion Financing Trust I, with a $15,000,000 liquidation amount, for an aggregate purchase price of $11,163,231.48. The price includes accrued distributions due through October 21, 2026. The purchase was made under an agreement entered into October 16, 2026, with BIMIZCI Fund LLC and ZimCal Asset Management LLC.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

Liquidation amount: $15,000,000 Aggregate purchase price: $11,163,231.48

2 metrics

Liquidation amount $15,000,000 Trust preferred securities of Medallion Financing Trust I

Aggregate purchase price $11,163,231.48 Purchase completed October 21, 2026; includes accrued distributions due through that date

Key Terms

trust preferred securities, liquidation amount, accrued distributions

3 terms

trust preferred securities financial

"trust preferred securities of Medallion Financing Trust I"

Trust preferred securities are a hybrid investment that blends features of bonds and stocks: an issuing company places assets into a separate trust which sells these securities and passes regular payments to holders much like bond interest. They can behave like equity for regulatory or accounting purposes while still offering a fixed-income stream, so they matter to investors because they carry higher income than plain bonds but also higher risk and potential sensitivity to issuer capital and credit moves.

liquidation amount financial

"having a liquidation amount of $15,000,000"

The liquidation amount is the cash value realized and payable when an asset, business, or investment is sold off or formally wound up, after paying selling costs and higher-priority claims such as secured creditors and administrative expenses. It matters to investors because it determines how much money different claimants—bondholders, preferred and common shareholders—actually receive in a shutdown or sale, acting like the proceeds left after paying off a mortgage and closing costs on a sold house.

accrued distributions financial

"inclusive of accrued distributions due through that date"

Accrued distributions are payments—such as interest, dividends, or partnership shares of profit—that have been earned by investors or a fund but have not yet been paid out. They matter because they represent value that will affect future cash you receive, a fund’s reported income and net asset value, and potential tax obligations—like a paycheck you’ve worked for but haven’t been handed yet.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did MFIN pay for the trust preferred securities?

Medallion Financial Corp. paid an aggregate purchase price of $11,163,231.48 for trust preferred securities with a $15,000,000 liquidation amount. The price included accrued distributions due through October 21, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/21/2026 - 04:09 PM EDT Accepted by SEC EDGAR 10/21/2026 - 04:05 PM EDT Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 21, 2026

MEDALLION FINANCIAL CORP.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-37747

(Commission File Number)

04-3291176

(IRS Employer Identification No.)

667 MADISON AVENUE, 22nd Floor

NEW YORK, New York 10065

(Address of Principal Executive Offices) (Zip Code)

(212) 328-2100

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	MFIN	NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Item 7.01 Regulation FD Disclosure

As previously reported, on October 16, 2026, Medallion Financial Corp. (the “Company”) entered into a Purchase and Settlement Agreement with BIMIZCI Fund LLC (“BIMIZCI”) and ZimCal Asset Management LLC, pursuant to which, among other things, the Company agreed to purchase from BIMIZCI trust preferred securities of Medallion Financing Trust I having a liquidation amount of $15,000,000 (the “Trust Preferred Securities”). On October 21, 2026, the Company and BIMIZCI consummated the purchase of the Trust Preferred Securities for an aggregate purchase price of $11,163,231.48, inclusive of accrued distributions due through that date.

2

SIGNATURE

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

Dated: October 21, 2026

MEDALLION FINANCIAL CORP.
By:		/s/ Anthony N. Cutrone
		Name: Anthony N. Cutrone
		Title: Chief Financial Officer

3

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