ZimCal Nominates Two Independent Candidates to the Board of Medallion Financial

ZimCal Asset Management and its affiliates issued a press release announcing the nomination of two highly qualified, independent candidates for election to the Board of Directors of Medallion Financial Corp. at the 2024 Annual Meeting of Stockholders. ZimCal filed a preliminary proxy statement on April 10, 2024 with the Securities and Exchange Commission in connection with its nomination. The release seeks stockholder support to strengthen Medallion Financial through new board representation, describing its nominees as independent candidates with the qualifications to improve oversight at the Company. This nomination followed months of private engagement with Medallion in which ZimCal pressed for governance and leadership improvements.