Jun 04, 2026
Medallion Financial’s Ad Hominem Attacks Cannot Hide Its Record. ISS and Glass Lewis Agree Change Is Needed.
BIMIZCI Fund LLC urged Medallion Financial stockholders to vote the BLUE universal proxy card ahead of the June 9, 2026 Annual Meeting, noting that ISS and Glass Lewis — the two leading independent proxy advisory firms — each recommended FOR two of BIMIZCI’s three nominees and agreed that change is necessary at Medallion. The release describes Medallion’s ad hominem attacks on BIMIZCI as a distraction from the underlying record: total shareholder returns that are the lowest in the peer group over nearly every measured period, 16-year-high Recreation charge-offs, 1Q26 earnings at a five-year low, and an SBA event of default on $73.5 million of subsidiary debentures. As of June 4, 2026, BIMIZCI held 530,250 common shares and $15 million par value of trust preferred securities in Medallion Financial Corp., a total cash investment of $11.7 million.