MEDALLION FINANCIAL CORP. (NASDAQ:MFIN) Files An 8-K Other EventsItem 8.01. OTHER EVENTS.
On April2, 2018, Medallion Financial Corp. (the “Company) issued a press release to the news media announcing that the Company withdrew its election to be regulated as a business development company under the Investment Company Act of 1940.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in the press release is being furnished, not filed, to Item 8.01. Accordingly, the information in the press release will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
Item 8.01. FINANCIAL STATEMENTS AND EXHIBITS.
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Exhibit No. |
Description |
| 99.1 | Press release, dated April2, 2018. |
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Exhibit Index
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Exhibit No. |
Description |
| 99.1 | Press release, dated April2, 2018. |
3
MEDALLION FINANCIAL CORP ExhibitEX-99.1 2 d523350dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE: MEDALLION FINANCIAL CORP. COMPLETES DE-BDC PROCESS AND WILL OPERATE GOING FORWARD AS A NON-INVESTMENT COMPANY NEW YORK,…To view the full exhibit click here
About MEDALLION FINANCIAL CORP. (NASDAQ:MFIN)
Medallion Financial Corp. is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing loans that finance taxicab medallions and various types of commercial businesses. The Company operates in lending and investing operations segment. It originates and services medallion, secured commercial, and consumer loans, and invests in both marketable and nonmarketable securities. The Company’s subsidiary, Medallion Bank, also originates consumer loans for the purchase of recreational vehicles, boats, motorcycles, trailers, and to finance small-scale home improvements. The Company also conducts business through its asset-based lending division, Medallion Business Credit, an originator of loans to small businesses for the purpose of financing inventory and receivables.