\nHighlights Medallion\u2019s Use of Alarmist Headlines Better Suited For a Small-Town Political Campaign Than a Serious Public Company<\/p>
\nReveals Distortions in Medallion\u2019s Campaign About Key Issues Including Citing a Personal Blogger as \u201cProof\u201d<\/p>
\nHighlights Concerning Lack of Independence Among Medallion\u2019s Directors, including Embracing Andrew Murstein\u2019s History of Near-Complete Value Destruction, and Ignoring Murstein\u2019s Federal Lawsuit Alleging Fraud and Financial Improprieties, Permanent Federal Injunctions, $1 million personal civil penalty<\/p>
\nUrges Shareholders to Support BIMIZCI\u2019s Well Qualified Nominees By Voting the BLUE Proxy Card FOR ONLY BIMIZCI\u2019s Nominees https:\/\/restoretheshine.com\/vote<\/b><\/a><\/p> \nBoth ISS and Glass Lewis supported 2 BIMIZCI Board Nominees and BIMIZCI\u2019s Case for Change<\/b><\/p> MINNEAPOLIS--(BUSINESS WIRE)--$MFIN<\/a> #Activist<\/a>--ZimCal Asset Management through BIMIZCI Fund LLC responds (again) to Medallion Financial\u2019s recent misleading press release designed to manipulate stockholders. Notably, BIMIZCI Fund LLC \u2014 not ZimCal or Mr. Hodges \u2014 is the nominating stockholder, a distinction Medallion deliberately blurs.<\/p> \nDespite BIMIZCI Fund LLC being the nominating stockholder, Medallion (NASDAQ:MFIN) elected to lead with \u201cStephen Hodges and his affiliates\u201d because their goals are clear. Use a sensational headline. Make it unnecessarily personal (Mr. Hodges is not a nominee). Attack character. Undermine business experience. Instill doubt about motives. Create fear.<\/b> This is not a novel strategy. Conspicuously absent from MFIN\u2019s press release:<\/p> \nBIMIZCI notes that those points are rhetorical. If Medallion and its Board actually engaged on its financial trends and the headwinds it, and all consumer lenders, face, then Board and Management change at Medallion would be even more obvious, and MFIN\u2019s response would be even hollower.<\/p> \nA full rebuttal of Medallion\u2019s extensive and blatantly false or immaterial allegations will be released shortly as will our legal response.<\/p> \nStockholders of record as of April 13, 2026 are urged to vote the BLUE proxy card before the annual meeting on June 9, 2026. Voting instructions are at <\/b>https:\/\/restoretheshine.com\/vote<\/b><\/a>. Even if you have already voted with the white card, you can change your vote today by voting the BLUE card.<\/b><\/p> \nImportant Information<\/b><\/p> \nBIMIZCI Fund LLC, Warnke Investments LLC, ZimCal Asset Management LLC, and Stephen Hodges (collectively, \u201cBIMIZCI<\/span>\u201d) have nominated individuals as nominees to the board of directors of Medallion Financial Corp. (the \u201cCompany<\/span>\u201d) and intend to solicit votes for the election of those individuals, Eric Kelly, John Kiernan, and Timothy Shanahan as members of the Company\u2019s board of directors (the \u201cNominees<\/span>\u201d). BIMIZCI will send a definitive proxy statement, proxy card and related proxy materials to stockholders of the Company seeking their support of the Nominees at the Company\u2019s 2026 annual meeting of stockholders. Stockholders are urged to read the definitive proxy statement and proxy card because they contain important information about the Nominees, the Company and related matters.<\/b> Stockholders may obtain a free copy of the definitive proxy statement and proxy card and other documents filed by BIMIZCI with the Securities and Exchange Commission (\u201cSEC<\/span>\u201d) at the SEC\u2019s web site at www.sec.gov<\/a>. Stockholders may also direct a request to Sodali & Co LLC, our proxy solicitor, by calling (800) 662-5200, or banks and brokers can call collect at (203) 658-9400, or by emailing zimcal@info.sodali.com<\/a>.<\/p> \nParticipants in Solicitation<\/b><\/p> \nThe following persons are participants in the solicitation by BIMIZCI: BIMIZCI Fund LLC, Warnke Investments LLC, ZimCal Asset Management LLC, Stephen Hodges, Eric Kelly, John Kiernan, and Timothy Shanahan. The participants may have interests in the solicitation, including as a result of holding shares of the Company\u2019s common stock. BIMIZCI filed a definitive proxy statement under cover of Schedule 14A on May 8, 2026 (the \u201cDefinitive Proxy Statement\u201d). Information regarding the participants and their interests is contained in the Definitive Proxy Statement.<\/b><\/p>\n