• BIMIZCI, a top Medallion shareholder, urged investors to back its dissident slate at the June 9 annual meeting.
• The activist pushed holders of record as of April 13, 2026 to vote its BLUE proxy card to elect three independent directors.
• BIMIZCI said Medallion’s operating trends have weakened, citing 0.80x tangible book value, an SBA default on $73.5 million debentures.
• It highlighted a May 2025 SEC fraud settlement by Medallion and CEO Andrew Murstein, citing $4 million penalties, permanent injunctions.
• BIMIZCI said it owns 500,250 shares, holds $15 million trust preferred securities, has engaged management over 50 times without progress.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Financial Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202605281430BIZWIRE_USPR_____20260528_BW451125) on May 28, 2026, and is solely responsible for the information contained therein.