Medallion Financial Corp: purchases trust preferred securities of $15,000,000

What happened Medallion Financial Corp filed an 8-K reporting that the Company entered into a Purchase and Settlement Agreement with BIMIZCI Fund LLC and ZimCal Asset Management LLC and, on Oct 21, 2026, consummated the purchase of trust preferred securities of Medallion Financing Trust I having a liquidation amount of $15,000,000 for an aggregate purchase price of $11,163,231.48, inclusive of accrued distributions due through that date.

Key details

• The agreement parties named in the filing are BIMIZCI Fund LLC and ZimCal Asset Management LLC.
• The securities purchased are trust preferred securities of Medallion Financing Trust I with a liquidation amount of $15,000,000.
• The purchase was consummated on Oct 21, 2026 for an aggregate purchase price of $11,163,231.48, inclusive of accrued distributions due through that date.

Why it may matter The filing reports Item 7.01, Regulation FD Disclosure, which covers the disclosed purchase transaction described above. A filing does not show why the insider traded or why the company acted.