05/24/24 - ZimCal publishes rebuttal to MFIN’s investor deck and posts complete emails to allow investors to see for themselves the extent of MFIN’s half-truths and lies.

ZimCal Asset Management LLC and its affiliates (“ZimCal”) was shocked but not surprised by the antics of MFIN. MFIN’s President, Andrew Murstein, is being charged by the SEC with fraud and repeated lying. That those half-truths and lies would be aimed at one of MFIN’s largest investors who is demanding common sense changes to governance, leadership, compensation and risk mitigation shows how desperately MFIN does not want change. MFIN untruthfully claimed that ZimCal demanded MFIN payoff ZimCal’s debt. This could not be further from the truth as the emails below clearly show. ZimCal has already issued a Cease & Desist letter to MFIN. We encourage shareholders to read through every email and decide for themselves.

ZimCal issues press release addressing false allegations by Medallion Financial Corp.

ZimCal Rebuttal Deck setting the record straight and highlighting issues with Medallion investor presentation

Medallion Investor Presentation May 2024 - includes defamatory statements about ZimCal

LETTER AND EMAILS TO/FROM MEDALLION FROM ZIMCAL

First Request by MFIN to ZimCal to try to get ZimCal to provide a “monetization” option.20231204

ZimCal explains to MFIN its concerns with governance, leadership and strategy and that it wants to remain an investor.20231212

Request by ZimCal for clarification of what “monetization” meant and why MFIN was requesting it.20231218

Follow up with MFIN detailing reason for activism and desire to stay invested in MFIN.20240101

Murstein states that MFIN will treat ZimCal as hostile.20240205

Letter to the Board of Directors of MFIN sent at request of MFIN’s counsel and Mr. Murstein.20240212

Request by ZimCal for MFIN to stop focusing on a payoff and focus on business improvements.20240301