Medallion Bank prices $75M Series G preferred stock offering at 9% dividend rate

MEDALLION FINANCIAL CORP

Offering of 3,000,000 shares of Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred at $25/share, $75M aggregate.
Dividends at 9.00% through June 30, 2030, then five-year U.S. Treasury rate plus 4.94% per annum thereafter.
Net proceeds for general corporate purposes including capital growth, loan expansion, or redemption of Series F preferred.
Expected to close May 22, 2025; underwriters have 30-day option to buy up to 450,000 additional shares for over-allotments.
Series G to trade on Nasdaq under symbol MBNKO; Medallion Bank remains wholly owned by Medallion Financial.

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