ZimCal (BIMIZCI) Calls Out Medallion Financial’s Latest Attempt at Distracting From its Core Underperformance by Using MFIN’s Favored Tactic of Personal Attacks
ZimCal Asset Management through BIMIZCI Fund LLC provides a longer response to Medallion Financial’s inaccurate and misleading June 4, 2026 press release, which was transparently designed to manipulate stockholders and publicly sully ZimCal’s and its nominees’ reputations. We have already issued a Rebuttal Deck that comprehensively disproved recycled attacks from MFIN. Unlike MFIN we have relied on data and the actual written record. But the inflammatory and inaccurate comments are exactly what we expect from MFIN and its CEO, Andrew Murstein. Mr. Murstein is under a permanent injunction for securities fraud, paid a $1 million personal civil penalty, and stipulated, for purposes of Section 523 of the Bankruptcy Code, that the SEC’s allegations against him are true — yet the Board protected and promoted him.
ZimCal (BIMIZCI) Exposes Medallion Financial Corp.’s Latest Campaign of Distortion and the Risks of Re-Electing Its Unqualified Directors
ZimCal Asset Management through BIMIZCI Fund LLC responds (again) to Medallion Financial’s recent misleading press release designed to manipulate stockholders. Notably, BIMIZCI Fund LLC — not ZimCal or Mr. Hodges — is the nominating stockholder, a distinction Medallion deliberately blurs.
ISS and Glass Lewis Support BIMIZCI’s Case for Change at Medallion Financial. Both Recommend Stockholders Vote on the BLUE Proxy Card FOR Election of Two BIMIZCI Nominees to Medallion Board
BIMIZCI Fund LLC, Warnke Investments LLC, ZimCal Asset Management, LLC and Stephen Hodges (collectively, "BIMIZCI" or "we"), long-standing holders of Medallion Financial Corp. (
NASDAQ: MFIN) ("Medallion" or the "Company") trust preferred securities and currently the 4th largest institutional stockholder with 500,250 shares, announced today that both leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), have recommended that Medallion stockholders vote on the BLUE proxy card FOR the election of BIMIZCI nominees Eric Kelly and John Kiernan to the Company's Board of Directors (the "Board") at the upcoming 2026 Annual Meeting of Stockholders to be held on June 9, 2026. Both ISS and Glass Lewis further recommended that stockholders WITHHOLD support from incumbent Executive Chair Alvin Murstein and Nominating & Governance Committee Chair Cynthia Hallenbeck.
The Written Record Disproved Medallion Financial Statements Before. It Does So Again. BIMIZCI Issues Point-by-Point Rebuttal of Medallion's Investor Presentation. Urges Stockholders to Vote for Change
It is telling that a management team and board that spent years as defendants in an SEC fraud lawsuit, one driven by Medallion Financial's now-CEO misleading investors, is now accusing BIMIZCI of the very conduct a federal judge attributed to them. The difference is the record. Where the SEC complaint documented Medallion's misstatements, the written record dismantles Medallion's claims about BIMIZCI just as clearly. Medallion tells stockholders the company is performing but the data says otherwise and the market agrees with the data.
BIMIZCI Crosses 500,000 Share Threshold; Nominates Three Directors at Medallion Financial; Cites Deteriorating Performance, and Federal Securities Fraud Judgment
We are asking stockholders of record as of April 13, 2026 to vote the BLUE proxy card before the annual meeting on June 9, 2026 (instructions at https://restoretheshine.com/vote) and vote FOR Eric Kelly, John Kiernan and Tim Shanahan to help create value at Medallion.
