BIMIZCI Urges Stockholders to Vote BLUE; MFIN Distracting From Underperformance and Dividend Concerns

BIMIZCI Fund LLC is urging Medallion Financial stockholders to vote the BLUE universal proxy card ahead of the June 9, 2026 Annual Meeting. ISS and Glass Lewis — the two leading independent proxy advisory firms — have both recommended BIMIZCI's nominees and agreed that change is necessary at Medallion. Medallion's ad hominem attacks on BIMIZCI are 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 is Medallion's fourth-largest institutional stockholder, with 530,250 common shares and $15 million par value of trust preferred securities — a total cash investment of $11.7 million, 42% in common stock and 58% in preferred securities. BIMIZCI has engaged with Medallion more than 50 times over the past three years, delivered two white papers, and been ignored or dismissed nearly every time. The release sets out common-sense changes BIMIZCI is advocating across governance, strategy, technology, and compensation — including refreshing a board on which five of eight directors will soon be older than 80, linking executive compensation to core business performance, and ending the $28 million change-in-control package owed to the top five executives if Medallion were sold.

Stockholders of record as of April 13, 2026 are urged to vote the BLUE universal proxy card FOR Eric Kelly, John Kiernan, and Tim Shanahan before the June 9, 2026 Annual Meeting. Voting instructions are available at restoretheshine.com/vote.