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Medallion Financial Corp., 9.00% Notes due 4/15/2021
Ticker Symbol: MFINL* CUSIP: 583928205 Exchange: NGS
* NOTE: This security is no longer trading as of 4/15/2021
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Medallion Financial Corp., 9.00% Notes due 2021, issued in $25 denominations, redeemable at the issuer's option on or after 4/15/2020 at $25 per note plus accrued and unpaid interest, and maturing 4/15/2021. Interest distributions of 9.00% per annum ($2.25 per annum or $0.5625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be 1/1, 4/1, 7/1 & 10/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). If a Change of Control Repurchase Event occurs prior to maturity, holders will have the right, at their option, to require us to repurchase for cash some or all of the notes (see prospectus for further information). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (MFIN)
IPO - 4/12/2016 - 1.20 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Previous Ticker Symbol: TAXIL Changed: 5/11/2016
Market Value $30.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 437 Madison Avenue, 38th Floor, New York, NY 10022 |
| Main Phone Number |
212-328-2100 |
| Fax Number |
212-328-2121 |
| Investor Relations
Alex Arzeno
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212-328-2176
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| Toll Free Phone Number |
877-633-2554 |
| CEO - Alvin M. Murstein |
CFO - Larry Hall |
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