BIMIZCI Crosses 500,000 Shares and Nominates Three Directors at Medallion Financial

BIMIZCI Fund LLC announced it had crossed the 500,000 share threshold in Medallion Financial, bringing its total stake to 500,205 common shares plus $15 million par value of trust preferred securities, with a total cash investment of $11.4 million. The release cites declining performance at Medallion Financial Corp. — 1Q26 quarterly earnings were the lowest since 3Q20, and analyst consensus projects a 36% decline in 2026 earnings versus 2025 actuals — alongside a CEO permanently enjoined by a federal court for securities fraud yet promoted and paid a $4.6 million bonus, a board where five of eight directors will soon be over 80, and valuation multiples significantly below peers and the Russell 2000. Stockholders were urged to vote the BLUE proxy card FOR Eric Kelly, John Kiernan, and Timothy Shanahan.