Press Release Disclosures

ZimCal Asset Management is an alternative investment firm focused primarily on niche, illiquid and complex credit investment opportunities.

ZimCal Asset Management partners with both healthy and distressed borrowers or issuers and provides customized solutions that meet their unique needs and circumstances. Over the last 15 years, the founder of ZimCal Asset Management has developed a specialization investing in FDIC-insured institutions and has partnered with over 120 bank lenders through investments on both sides of the balance sheet.

ZimCal usually works in collaboration with bank leadership teams and, on rare occasions when required, will insert itself more forcefully if it believes that leadership is underwhelming and threatens to undermine stakeholder investments. ZimCal prides itself on performing extensive, rigorous financial analysis and research to fully understand the risks of any investment.

BIMIZCI Fund LLC and its affiliates, ZimCal Asset Management LLC (“ZimCal”), Warnke Investments LLC (“Warnke”) and Stephen Hodges (collectively referred to herein either as “BIMIZCI,” “we,” “our,” or “us”), are owners of securities of Medallion Financial Corp. (the “Company”). BIMIZCI currently beneficially owns shares of common stock and Trust Preferred securities of the Company.

BIMIZCI Fund LLC, as the nominating stockholder, is engaged in an active solicitation of proxies from the Company’s stockholders in connection with the Company’s 2026 Annual Meeting of Stockholders. BIMIZCI has nominated three independent director candidates for election to the Company’s Board of Directors. Stockholders are urged to read BIMIZCI’s proxy statement and any other proxy materials filed with the SEC, including the accompanying BLUE universal proxy card, because they contain important information about BIMIZCI’s nominees and all participants in the solicitation. These materials are available free of charge at the SEC’s website at www.sec.gov and on this Website. Stockholders with questions about voting may contact BIMIZCI’s proxy solicitor, Sodali & Co LLC.

You should assume that BIMIZCI may from time to time sell all or a portion of its holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares. BIMIZCI intends to monitor the performance and corporate governance of the Company, as well as the actions of the Company’s management and Board, and will assert its stockholder rights as it deems necessary.

The Website on which this document is being posted and the information contained on said Website (collectively, the “Website”) is available to all stockholders of Medallion Financial Corp. (the “Company”). Except as otherwise set forth on the Website, the views expressed on the Website reflect the opinions of BIMIZCI Fund LLC and its affiliates, ZimCal Asset Management LLC, Warnke Investments LLC and Stephen Hodges (collectively, “BIMIZCI”) and are based on publicly available information with respect to the Company. BIMIZCI recognizes that there may be confidential information in the possession of the Company that could lead it or others to disagree with BIMIZCI’s conclusions. BIMIZCI reserves the right to change any of its opinions expressed on the Website at any time as it deems appropriate and disclaims any obligation to notify the market or any other party of any such change, except as required by law. BIMIZCI disclaims any obligation to update the information or opinions contained on the Website. For the avoidance of doubt, the Website is not affiliated with or endorsed by Medallion Financial Corp.

Although BIMIZCI believes the statements made on this Website are accurate in all material respects and do not omit to state material facts necessary to make those statements not misleading, BIMIZCI makes no representation or warranty, express or implied, as to the accuracy or completeness of those statements or any other written or oral communication it makes with respect to the Company, and each of BIMIZCI and its affiliates expressly disclaim any liability relating to those statements or communications (or any inaccuracies or omissions therein).

The information herein is being provided merely as information and is not intended to be, nor should it be construed as, an offer to sell or a solicitation of an offer to buy any security.

Some of the information herein may contain forward-looking statements. All statements contained herein that are not clearly historical in nature or that depend on future events are forward-looking. The words “anticipate,” “believe,” “expect,” “potential,” “could,” “opportunity,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. There can be no assurance that any forward-looking statements will prove to be accurate and therefore actual results could differ materially from those set forth in, contemplated by, or underlying these forward-looking statements. In light of the significant uncertainties inherent in forward-looking statements, the inclusion of such information should not be regarded as a representation as to future results or that the objectives and strategic initiatives expressed or implied by such forward-looking statements will be achieved.