Exhibit 99.3

Report of Independent Registered Public Accounting Firm on Consolidated Schedules of Investments

Board of Directors and Shareholders

Medallion Financial Corp.

We have audited in accordance with the standards of the Public Company Accounting Oversight Board (United States) the consolidated financial statements
of Medallion Financial Corp. and subsidiaries referred to in our report dated March 27, 2012, which is included on page F-2 of the annual report on Form 10-K for the year ended December 31, 2011. We have also audited the consolidated schedules of
investments (the Schedules) as of December 31, 2011 and 2010. These Schedules are the responsibility of the Companys management. Our responsibility is to express an opinion based on our audits.

In our opinion, the Schedules referred to above, when considered in relation to the basic consolidated financial statements taken as a whole, present
fairly, in all material respects, the information set forth therein.

/s/ WeiserMazars LLP

New York, NY

March 27, 2012



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |     |                  |  |  |                     |   |  |                                    |      |   |          |   |   |           |  |   |         |  |  |   |         |  |  |   |         | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | --- | ---------------- |  |  | ------------------- | - |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | ------- |  |  | - | ------- |  |  | - | ------- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |     | InterestRate (1) |  |  | CapitalizedInterest |   |  | OriginalCost of2011Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|Medallion Loans        |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |     |                  |  |  |                     |   |  |                                    |      |   |          |   |   |           |  |   |         |  |  |   |         |  |  |   |         | 
|New York               |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  | 502 |                  |  |  | 133                 | % |  |                                    | 4.66 | % |          | $ | 0 |           |  | $ | 154,686 |  |  | $ | 227,426 |  |  | $ | 227,480 | 
|                       |  | Lena Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 12/09/11    |  | 12/09/15 |               |  | 1   |                  |  |  | 2                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 3,774   |  |  | $ | 3,775   |  |  | $ | 3,770   | 
|                       |  | Sean Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 12/09/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 2                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 3,774   |  |  | $ | 3,775   |  |  | $ | 3,770   | 
|                       |  | Sifnos, Van-Dim, Kitriani Incs |  |                                                     | # | #               |  | Term loan    |  | 06/08/10    |  | 06/07/15 |               |  | 1   |                  |  |  | 2                   | % |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |         |  |  | $ | 2,611   |  |  | $ | 2,607   | 
|                       |  | Real Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |         |  |  | $ | 2,546   |  |  | $ | 2,541   | 
|                       |  | Cabbo Service Corp             |  |                                                     | # | #               |  | Term loan    |  | 09/07/10    |  | 09/07/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,801   |  |  | $ | 1,792   | 
|                       |  | Lety Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,647   |  |  | $ | 1,645   | 
|                       |  | Slo Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,528   |  |  | $ | 1,524   | 
|                       |  | Sandhu & Baath Inc             |  |                                                     | # | #               |  | Term loan    |  | 05/10/11    |  | 05/10/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 1,320   |  |  | $ | 1,303   |  |  | $ | 1,304   | 
|                       |  | Orys Trans Corp                |  |                                                     | # | #               |  | Term loan    |  | 09/26/11    |  | 09/26/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 1,300   |  |  | $ | 1,296   |  |  | $ | 1,296   | 
|                       |  | Cafe Service Co Inc            |  |                                                     | # | #               |  | Term loan    |  | 11/09/11    |  | 11/09/16 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.40 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,274   |  |  | $ | 1,274   | 
|                       |  | Bunty & Jyoti Inc              |  |                                                     | # | #               |  | Term loan    |  | 11/22/11    |  | 11/22/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 1,264   |  |  | $ | 1,263   |  |  | $ | 1,263   | 
|                       |  | Sonu-Seema Corp                |  |                                                     | # | #               |  | Term loan    |  | 11/22/11    |  | 11/22/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 1,264   |  |  | $ | 1,263   |  |  | $ | 1,263   | 
|                       |  | Spurt Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 04/01/11    |  | 10/01/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,258   |  |  | $ | 1,261   | 
|                       |  | Januko Transit Inc             |  |                                                     | # | #               |  | Term loan    |  | 12/09/11    |  | 12/09/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,258   |  |  | $ | 1,258   |  |  | $ | 1,258   | 
|                       |  | Nancy Transit Inc              |  |                                                     | # | #               |  | Term loan    |  | 04/06/11    |  | 04/06/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,258   |  |  | $ | 1,257   | 
|                       |  | Brini Transit Inc              |  |                                                     | # | #               |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | Daf Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | Fenway Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | Mamkale Transit Inc            |  |                                                     | # | #               |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | Munkach Transit Inc            |  |                                                     | # | #               |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | Sabrinush Transit Inc          |  |                                                     | # | #               |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | Sapphire Transit Inc           |  |                                                     | # | #               |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | Slate Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | W. Vil Trans Corp              |  |                                                     | # | #               |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | Yankl Transit Inc              |  |                                                     | # | #               |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | W Mit Trans Corp               |  |                                                     | # | #               |  | Term loan    |  | 03/22/11    |  | 12/08/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.60 | % |          | $ | 0 |           |  | $ | 1,275   |  |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | New Direction Cab Corp         |  |                                                     | # | #               |  | Term loan    |  | 11/18/11    |  | 11/18/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,195   |  |  | $ | 1,200   | 
|                       |  | Ride Yellow Llc                |  |                                                     | # | #               |  | Term loan    |  | 01/14/11    |  | 02/15/16 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,200   |  |  | $ | 1,200   | 
|                       |  | Hoyt Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 02/18/11    |  | 02/18/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,200   |  |  | $ | 1,200   | 
|                       |  | Alltaxione Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 09/26/11    |  | 09/26/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,196   |  |  | $ | 1,196   | 
|                       |  | Alltaxitwo Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 09/26/11    |  | 09/26/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,196   |  |  | $ | 1,196   | 
|                       |  | Corcovado Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 09/07/10    |  | 09/03/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,200   |  |  | $ | 1,195   | 
|                       |  | King Ed Taxi Inc               |  |                                                     | # | #               |  | Term loan    |  | 09/07/10    |  | 09/03/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,200   |  |  | $ | 1,195   | 
|                       |  | Dag Taxi Inc                   |  |                                                     | # | #               |  | Term loan    |  | 09/01/10    |  | 09/01/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,200   |  |  | $ | 1,195   | 
|                       |  | Katom Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 09/01/10    |  | 09/01/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,200   |  |  | $ | 1,195   | 
|                       |  | Merry Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 09/01/10    |  | 09/01/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,200   |  |  | $ | 1,195   | 
|                       |  | Goodspeed Transit Inc          |  |                                                     | # | #               |  | Term loan    |  | 11/21/11    |  | 11/21/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 1,190   |  |  | $ | 1,188   |  |  | $ | 1,188   | 
|                       |  | Lofos Inc                      |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.40 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,162   |  |  | $ | 1,162   | 
|                       |  | Kharkov Taxi Inc               |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.40 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,162   |  |  | $ | 1,162   | 
|                       |  | Rapid Taxi Corp                |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.40 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,162   |  |  | $ | 1,162   | 
|                       |  | Trataki Inc                    |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.40 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,162   |  |  | $ | 1,162   | 
|                       |  | Varres Inc                     |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.40 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,162   |  |  | $ | 1,162   | 
|                       |  | Xara Inc                       |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.40 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,162   |  |  | $ | 1,162   | 
|                       |  | Ocean Hacking Corp             |  |                                                     | # | #               |  | Term loan    |  | 08/17/10    |  | 08/16/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.75 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,163   |  |  | $ | 1,162   | 
|                       |  | Lil Amandachaka Hacking Corp   |  |                                                     | # | #               |  | Term loan    |  | 10/28/11    |  | 10/27/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 1,161   |  |  | $ | 1,154   |  |  | $ | 1,153   | 
|                       |  | Flow Taxi Corp                 |  |                                                     | # | #               |  | Term loan    |  | 10/28/11    |  | 10/27/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 1,161   |  |  | $ | 1,154   |  |  | $ | 1,153   | 
|                       |  | Ukraine Service Co             |  |                                                     | # | #               |  | Term loan    |  | 10/28/11    |  | 10/27/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 1,161   |  |  | $ | 1,153   |  |  | $ | 1,153   | 
|                       |  | Whats Yellow Llc               |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/15/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,153   |  |  | $ | 1,152   | 
|                       |  | Jump Service Co Inc            |  |                                                     | # | #               |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 1,151   |  |  | $ | 1,147   |  |  | $ | 1,147   | 
|                       |  | Gold One Cab Corp              |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,108   |  |  | $ | 1,106   | 
|                       |  | Daytona Hacking Corp           |  |                                                     | # | #               |  | Term loan    |  | 10/07/11    |  | 10/07/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 1,110   |  |  | $ | 1,106   |  |  | $ | 1,106   | 
|                       |  | Anniversary Taxi Corp          |  |                                                     | # | #               |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 1,105   |  |  | $ | 1,105   |  |  | $ | 1,105   | 
|                       |  | Kby Taxi Inc                   |  |                                                     | # | #               |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 1,105   |  |  | $ | 1,105   |  |  | $ | 1,105   | 
|                       |  | Mbh Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,107   |  |  | $ | 1,105   | 
|                       |  | Concourse Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 03/29/10    |  | 03/29/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,100   |  |  | $ | 1,101   | 
|                       |  | H&M Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 08/24/10    |  | 08/24/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,100   |  |  | $ | 1,099   | 
|                       |  | King Spring Taxi Inc           |  |                                                     | # | #               |  | Term loan    |  | 08/24/10    |  | 08/24/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,100   |  |  | $ | 1,099   | 
|                       |  | Vichy Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 06/02/10    |  | 06/02/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.20 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,100   |  |  | $ | 1,099   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |   |  |                                     |      |   |           |   |   |           |  |   |       |  |  |   |       |  |  |   |       | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- | - |  | ----------------------------------- | ---- | - | --------- | - | - | --------- |  | - | ----- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |   |  | OriginalCost 
of2011Acquisitions(5) |      |   | Cost 
(4) |   |   | FairValue | 
|                       |  | Asterik Cab Co Inc             |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |       |  |  | $ | 1,100 |  |  | $ | 1,098 | 
|                       |  | Yosi Transit Inc               |  |                                                     | # | #               |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 1,018 |  |  | $ | 1,016 | 
|                       |  | Perem Hacking Corp             |  |                                                     | # | #               |  | Term loan    |  | 10/28/11    |  | 10/27/14 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.75 | % |           | $ | 0 |           |  | $ | 1,000 |  |  | $ | 995   |  |  | $ | 995   | 
|                       |  | M.Y. Taxi Inc                  |  |                                                     | # | #               |  | Term loan    |  | 01/06/11    |  | 01/15/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.88 | % |           | $ | 0 |           |  | $ | 960   |  |  | $ | 960   |  |  | $ | 960   | 
|                       |  | Justin Hacking Corp            |  |                                                     | # | #               |  | Term loan    |  | 09/09/08    |  | 09/09/14 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 924   |  |  | $ | 922   | 
|                       |  | Ornos Service Inc              |  |                                                     | # | #               |  | Term loan    |  | 02/23/07    |  | 02/23/17 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.40 | % |           | $ | 0 |           |  |   |       |  |  | $ | 920   |  |  | $ | 918   | 
|                       |  | Cora Hacking Corp              |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/05/15 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 914   |  |  | $ | 916   | 
|                       |  | Granny Hacking Corp            |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/05/15 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 914   |  |  | $ | 914   | 
|                       |  | Iddy Biddy Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/05/15 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 914   |  |  | $ | 914   | 
|                       |  | Jbob Hacking Corp              |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/05/15 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 914   |  |  | $ | 914   | 
|                       |  | Malcolm Hacking Corp           |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/05/15 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 914   |  |  | $ | 914   | 
|                       |  | Oyaz Hacking Corp              |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/05/15 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 914   |  |  | $ | 914   | 
|                       |  | Global Agami Cab Llc           |  |                                                     | # | #               |  | Term loan    |  | 02/22/11    |  | 02/22/14 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.13 | % |           | $ | 0 |           |  | $ | 915   |  |  | $ | 908   |  |  | $ | 908   | 
|                       |  | Network Agami Cab Corp         |  |                                                     | # | #               |  | Term loan    |  | 02/22/11    |  | 02/22/14 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.13 | % |           | $ | 0 |           |  | $ | 915   |  |  | $ | 908   |  |  | $ | 908   | 
|                       |  | Planet Agami Cab Llc           |  |                                                     | # | #               |  | Term loan    |  | 02/22/11    |  | 02/22/14 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.13 | % |           | $ | 0 |           |  | $ | 915   |  |  | $ | 908   |  |  | $ | 908   | 
|                       |  | Universal Agami Transit Inc    |  |                                                     | # | #               |  | Term loan    |  | 02/22/11    |  | 02/22/14 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.13 | % |           | $ | 0 |           |  | $ | 915   |  |  | $ | 908   |  |  | $ | 908   | 
|                       |  | Abbel Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/15/12 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |       |  |  | $ | 901   |  |  | $ | 900   | 
|                       |  | Blend Transit Llc              |  |                                                     | # | #               |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Composite Transit Llc          |  |                                                     | # | #               |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Isotope Transit Llc            |  |                                                     | # | #               |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Juiced Transit Llc             |  |                                                     | # | #               |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Kinetic Transit Llc            |  |                                                     | # | #               |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Lowvolt Transit Llc            |  |                                                     | # | #               |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Mixfuel Transit Llc            |  |                                                     | # | #               |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Hybrid Transit Llc             |  |                                                     | # | #               |  | Term loan    |  | 10/23/06    |  | 10/23/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 2.67 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Neutron Transit Llc            |  |                                                     | # | #               |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Proton Transit Llc             |  |                                                     | # | #               |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Quark Transit Llc              |  |                                                     | # | #               |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Rechargeable Transit Llc       |  |                                                     | # | #               |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 888   | 
|                       |  | Five Kids Trans Llc            |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/15/12 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |       |  |  | $ | 884   |  |  | $ | 883   | 
|                       |  | Go Boy Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 10/08/10    |  | 09/30/14 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 876   |  |  | $ | 876   | 
|                       |  | Havana Affair Cab Corp         |  |                                                     | # | #               |  | Term loan    |  | 10/08/10    |  | 09/30/14 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 876   |  |  | $ | 876   | 
|                       |  | Holdem Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 10/08/10    |  | 09/30/14 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 876   |  |  | $ | 876   | 
|                       |  | Idiot Wind Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 10/08/10    |  | 09/30/14 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 876   |  |  | $ | 876   | 
|                       |  | Ming Trans Corp                |  |                                                     | # | #               |  | Term loan    |  | 07/07/11    |  | 07/06/14 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.60 | % |           | $ | 0 |           |  | $ | 835   |  |  | $ | 825   |  |  | $ | 825   | 
|                       |  | Magic Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 04/21/10    |  | 04/21/13 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |       |  |  | $ | 818   |  |  | $ | 817   | 
|                       |  | Gaultier Hacking Corp          |  |                                                     | # | #               |  | Term loan    |  | 07/30/10    |  | 07/30/12 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 796   |  |  | $ | 796   | 
|                       |  | Sisters Trans Inc              |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/06/12 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |       |  |  | $ | 779   |  |  | $ | 778   | 
|                       |  | Fly By Night Trans Inc         |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/06/12 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |       |  |  | $ | 774   |  |  | $ | 774   | 
|                       |  | Bliss Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/15 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 773   |  |  | $ | 773   | 
|                       |  | Sincere Cab Corp               |  |                                                     | # | #               |  | Term loan    |  | 06/21/11    |  | 06/21/16 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.50 | % |           | $ | 0 |           |  | $ | 800   |  |  | $ | 764   |  |  | $ | 765   | 
|                       |  | 1212 Taxi Llc                  |  |                                                     | # | #               |  | Term loan    |  | 01/06/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.88 | % |           | $ | 0 |           |  | $ | 750   |  |  | $ | 750   |  |  | $ | 751   | 
|                       |  | Hot Wheels Taxi Llc            |  |                                                     | # | #               |  | Term loan    |  | 01/11/11    |  | 02/15/16 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.88 | % |           | $ | 0 |           |  | $ | 745   |  |  | $ | 743   |  |  | $ | 744   | 
|                       |  | Marian Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 09/01/10    |  | 09/01/15 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 5.25 | % |           | $ | 0 |           |  |   |       |  |  | $ | 730   |  |  | $ | 730   | 
|                       |  | Robell Hacking Corp            |  |                                                     | # | #               |  | Term loan    |  | 10/26/11    |  | 10/26/14 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 3.75 | % |           | $ | 0 |           |  | $ | 713   |  |  | $ | 712   |  |  | $ | 713   | 
|                       |  | Aleka Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |       |  |  | $ | 706   |  |  | $ | 705   | 
|                       |  | Jean Pierre Trans Inc          |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/15 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 698   |  |  | $ | 700   | 
|                       |  | Agape-Mou Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |       |  |  | $ | 700   |  |  | $ | 699   | 
|                       |  | Cfn Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/15 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 698   |  |  | $ | 698   | 
|                       |  | Miklos Hacking Corp            |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/15 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 693   |  |  | $ | 693   | 
|                       |  | Junaid Trans Corp              |  |                                                     | # | #               |  | Term loan    |  | 03/04/09    |  | 03/04/12 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 6.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 665   |  |  | $ | 664   | 
|                       |  | Yme Transit Inc                |  |                                                     | # | #               |  | Term loan    |  | 09/09/11    |  | 09/01/14 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.00 | % |           | $ | 0 |           |  | $ | 650   |  |  | $ | 648   |  |  | $ | 650   | 
|                       |  | Serob Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/13 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 5.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 616   |  |  | $ | 616   | 
|                       |  | Oradeanul Taxi Corp            |  |                                                     |   |                 |  | Term loan    |  | 11/14/11    |  | 11/14/14 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 595   |  |  | $ | 594   |  |  | $ | 598   | 
|                       |  | Birk Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 11/04/11    |  | 11/04/14 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 595   |  |  | $ | 593   |  |  | $ | 596   | 
|                       |  | Jassvinder Chhoker & Dam Singh |  |                                                     |   |                 |  | Term loan    |  | 11/10/11    |  | 11/10/14 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 5.25 | % |           | $ | 0 |           |  | $ | 587   |  |  | $ | 585   |  |  | $ | 589   | 
|                       |  | Bhai Bhai Taxi Corp            |  |                                                     |   |                 |  | Term loan    |  | 06/02/11    |  | 06/02/14 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 5.35 | % |           | $ | 0 |           |  | $ | 603   |  |  | $ | 585   |  |  | $ | 586   | 
|                       |  | Nelsk Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 08/10/10    |  | 08/10/13 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 5.30 | % |           | $ | 0 |           |  |   |       |  |  | $ | 585   |  |  | $ | 584   | 
|                       |  | Muhammad Saqib                 |  |                                                     | # | #               |  | Term loan    |  | 10/04/11    |  | 10/04/14 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 578   |  |  | $ | 576   |  |  | $ | 580   | 
|                       |  | Jaswinder Sharma               |  |                                                     | # | #               |  | Term loan    |  | 11/02/11    |  | 11/02/14 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 574   |  |  | $ | 572   |  |  | $ | 575   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2011Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Corsi Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 06/21/11    |  | 06/21/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 600 |  |  | $ | 573 |  |  | $ | 574 | 
|                       |  | Anba Taxi Inc                  |  |                                                     | # | #               |  | Term loan    |  | 06/21/11    |  | 06/21/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 600 |  |  | $ | 573 |  |  | $ | 574 | 
|                       |  | Btr Taxi Inc                   |  |                                                     | # | #               |  | Term loan    |  | 07/05/11    |  | 07/05/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.63 | % |          | $ | 0 |           |  | $ | 575 |  |  | $ | 570 |  |  | $ | 571 | 
|                       |  | Albro Hacking, Corp.           |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 568 |  |  | $ | 570 | 
|                       |  | Rafi Mohammad                  |  |                                                     | # | #               |  | Term loan    |  | 12/07/11    |  | 12/07/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 555 |  |  | $ | 555 |  |  | $ | 555 | 
|                       |  | Angelita Transit Inc/Note 2    |  |                                                     | # | #               |  | Term loan    |  | 04/22/10    |  | 03/16/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 554 |  |  | $ | 554 | 
|                       |  | Mongerry Hacking Cor           |  |                                                     | # | #               |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 553 |  |  | $ | 553 |  |  | $ | 554 | 
|                       |  | Lesly Jeanjoseph               |  |                                                     |   |                 |  | Term loan    |  | 12/20/11    |  | 12/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 550 |  |  | $ | 550 |  |  | $ | 551 | 
|                       |  | Eugenio & Ayodele Trans Corp & |  |                                                     |   |                 |  | Term loan    |  | 10/14/10    |  | 10/14/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 554 |  |  | $ | 550 | 
|                       |  | Karamjit Panchhi               |  |                                                     | # | #               |  | Term loan    |  | 11/21/11    |  | 11/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 550 |  |  | $ | 549 |  |  | $ | 550 | 
|                       |  | Ptah Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 05/25/11    |  | 06/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 550 |  |  | $ | 549 |  |  | $ | 549 | 
|                       |  | Fido Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 09/09/11    |  | 09/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 550 |  |  | $ | 548 |  |  | $ | 549 | 
|                       |  | Gilberto Barrera               |  |                                                     | # | #               |  | Term loan    |  | 06/15/11    |  | 06/15/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 555 |  |  | $ | 549 |  |  | $ | 548 | 
|                       |  | Amjad Abbas                    |  |                                                     |   |                 |  | Term loan    |  | 06/02/11    |  | 06/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.13 | % |          | $ | 0 |           |  | $ | 550 |  |  | $ | 545 |  |  | $ | 546 | 
|                       |  | Leo P. Roland                  |  |                                                     | # | #               |  | Term loan    |  | 11/10/11    |  | 11/10/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 545 |  |  | $ | 544 |  |  | $ | 545 | 
|                       |  | Sushil Maggoo                  |  |                                                     | # | #               |  | Term loan    |  | 09/14/11    |  | 09/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 555 |  |  | $ | 541 |  |  | $ | 544 | 
|                       |  | Edgard A Donado                |  |                                                     | # | #               |  | Term loan    |  | 02/17/11    |  | 02/17/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 550 |  |  | $ | 544 |  |  | $ | 543 | 
|                       |  | Mohammed Hossen & Abrar Hanif  |  |                                                     |   |                 |  | Term loan    |  | 08/11/11    |  | 08/11/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 540 |  |  | $ | 535 |  |  | $ | 538 | 
|                       |  | My Sarah Cab Corp              |  |                                                     | # | #               |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 534 |  |  | $ | 534 |  |  | $ | 535 | 
|                       |  | Abdelhakim A. Ibrahim          |  |                                                     |   |                 |  | Term loan    |  | 12/28/10    |  | 12/28/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 529 |  |  | $ | 530 | 
|                       |  | Joseph Paul Desir              |  |                                                     |   |                 |  | Term loan    |  | 04/08/11    |  | 04/08/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 533 |  |  | $ | 529 |  |  | $ | 529 | 
|                       |  | Balwinder Singh                |  |                                                     | # | #               |  | Term loan    |  | 10/19/11    |  | 10/19/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 530 |  |  | $ | 528 |  |  | $ | 529 | 
|                       |  | M Irshad Chaudhry & Mhd Ramzan |  |                                                     | # | #               |  | Term loan    |  | 03/21/11    |  | 03/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 535 |  |  | $ | 528 |  |  | $ | 529 | 
|                       |  | Wisly Noel                     |  |                                                     |   |                 |  | Term loan    |  | 03/17/11    |  | 03/17/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 532 |  |  | $ | 528 |  |  | $ | 528 | 
|                       |  | Jacques A Petion &             |  |                                                     |   |                 |  | Term loan    |  | 02/08/11    |  | 02/08/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 532 |  |  | $ | 529 |  |  | $ | 528 | 
|                       |  | Marcnance Morency              |  |                                                     |   |                 |  | Term loan    |  | 09/09/11    |  | 09/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 532 |  |  | $ | 530 |  |  | $ | 527 | 
|                       |  | Amr Aly Shafshak               |  |                                                     | # | #               |  | Term loan    |  | 06/22/11    |  | 06/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.90 | % |          | $ | 0 |           |  | $ | 532 |  |  | $ | 527 |  |  | $ | 527 | 
|                       |  | Avtar Singh                    |  |                                                     | # | #               |  | Term loan    |  | 11/22/11    |  | 11/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 525 |  |  | $ | 524 |  |  | $ | 526 | 
|                       |  | Mukhtiar Singh                 |  |                                                     | # | #               |  | Term loan    |  | 11/22/11    |  | 11/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 525 |  |  | $ | 524 |  |  | $ | 526 | 
|                       |  | Rafael Kikirov                 |  |                                                     | # | #               |  | Term loan    |  | 10/13/11    |  | 10/13/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 530 |  |  | $ | 524 |  |  | $ | 525 | 
|                       |  | Ilker Altaygil                 |  |                                                     | # | #               |  | Term loan    |  | 05/11/11    |  | 05/11/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 530 |  |  | $ | 524 |  |  | $ | 525 | 
|                       |  | Jasvir S Dhaliwal              |  |                                                     | # | #               |  | Term loan    |  | 11/29/11    |  | 11/29/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 526 |  |  | $ | 526 |  |  | $ | 525 | 
|                       |  | Joseph R Jean                  |  |                                                     | # | #               |  | Term loan    |  | 10/17/11    |  | 10/17/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 525 |  |  | $ | 523 |  |  | $ | 524 | 
|                       |  | Arcange J Dangervil            |  |                                                     | # | #               |  | Term loan    |  | 09/06/11    |  | 09/06/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 525 |  |  | $ | 523 |  |  | $ | 523 | 
|                       |  | Ulrick Racine                  |  |                                                     | # | #               |  | Term loan    |  | 04/22/11    |  | 04/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.13 | % |          | $ | 0 |           |  | $ | 524 |  |  | $ | 522 |  |  | $ | 523 | 
|                       |  | Harminder Singh & Harjinder Si |  |                                                     | # | #               |  | Term loan    |  | 03/22/11    |  | 03/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 530 |  |  | $ | 521 |  |  | $ | 522 | 
|                       |  | Marc C Bastien                 |  |                                                     | # | #               |  | Term loan    |  | 11/02/11    |  | 11/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 520 |  |  | $ | 520 |  |  | $ | 521 | 
|                       |  | Marco V Guerrero               |  |                                                     |   |                 |  | Term loan    |  | 12/22/11    |  | 12/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 520 |  |  | $ | 520 |  |  | $ | 521 | 
|                       |  | Erwich Chery                   |  |                                                     |   |                 |  | Term loan    |  | 06/17/11    |  | 06/17/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 525 |  |  | $ | 520 |  |  | $ | 521 | 
|                       |  | Roudy Moliere &Jean B Letang   |  |                                                     | # | #               |  | Term loan    |  | 08/18/11    |  | 08/18/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 524 |  |  | $ | 520 |  |  | $ | 521 | 
|                       |  | Shanu Miah                     |  |                                                     |   |                 |  | Term loan    |  | 03/24/11    |  | 03/24/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 530 |  |  | $ | 523 |  |  | $ | 520 | 
|                       |  | Frantz Louhis & Joseph Paul    |  |                                                     | # | #               |  | Term loan    |  | 02/17/11    |  | 02/17/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.13 | % |          | $ | 0 |           |  | $ | 525 |  |  | $ | 517 |  |  | $ | 519 | 
|                       |  | Malkiat S Multani              |  |                                                     |   |                 |  | Term loan    |  | 06/01/11    |  | 06/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 551 |  |  | $ | 518 |  |  | $ | 519 | 
|                       |  | Faubert Couamin                |  |                                                     | # | #               |  | Term loan    |  | 12/17/10    |  | 12/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 516 |  |  | $ | 519 | 
|                       |  | Strivers Way Inc &             |  |                                                     |   |                 |  | Term loan    |  | 03/21/11    |  | 03/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  | $ | 520 |  |  | $ | 517 |  |  | $ | 518 | 
|                       |  | Headway Transportation Inc &   |  |                                                     |   |                 |  | Term loan    |  | 03/22/11    |  | 03/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  | $ | 520 |  |  | $ | 517 |  |  | $ | 518 | 
|                       |  | Arnous L. Dangervil            |  |                                                     |   |                 |  | Term loan    |  | 07/07/11    |  | 07/07/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 520 |  |  | $ | 517 |  |  | $ | 518 | 
|                       |  | Pat Bonna                      |  |                                                     | # | #               |  | Term loan    |  | 01/07/11    |  | 01/07/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.30 | % |          | $ | 0 |           |  | $ | 524 |  |  | $ | 516 |  |  | $ | 516 | 
|                       |  | Mohammad F Iqbal               |  |                                                     | # | #               |  | Term loan    |  | 02/08/11    |  | 02/08/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 515 |  |  | $ | 511 |  |  | $ | 513 | 
|                       |  | Larry Westen                   |  |                                                     | # | #               |  | Term loan    |  | 09/30/11    |  | 09/30/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 512 |  |  | $ | 512 |  |  | $ | 513 | 
|                       |  | Alexander Vizueta              |  |                                                     | # | #               |  | Term loan    |  | 11/15/11    |  | 11/15/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 512 |  |  | $ | 511 |  |  | $ | 512 | 
|                       |  | Kang & Dhillon Taxi Inc        |  |                                                     | # | #               |  | Term loan    |  | 12/03/10    |  | 12/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.35 | % |          | $ | 0 |           |  |   |     |  |  | $ | 510 |  |  | $ | 512 | 
|                       |  | Prem Singh & Manjeet Kaur      |  |                                                     | # | #               |  | Term loan    |  | 01/28/11    |  | 01/28/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 525 |  |  | $ | 511 |  |  | $ | 512 | 
|                       |  | Louis A Alphonse               |  |                                                     | # | #               |  | Term loan    |  | 12/05/11    |  | 12/05/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 510 |  |  | $ | 510 |  |  | $ | 509 | 
|                       |  | Pushker Sharma & Sandeep Vinay |  |                                                     |   |                 |  | Term loan    |  | 04/08/10    |  | 04/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.10 | % |          | $ | 0 |           |  |   |     |  |  | $ | 510 |  |  | $ | 508 | 
|                       |  | Avtar Singh                    |  |                                                     | # | #               |  | Term loan    |  | 09/23/11    |  | 09/23/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 509 |  |  | $ | 507 |  |  | $ | 508 | 
|                       |  | Said Zedan &                   |  |                                                     |   |                 |  | Term loan    |  | 11/19/10    |  | 11/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 506 |  |  | $ | 506 | 
|                       |  | Ronak Singh                    |  |                                                     | # | #               |  | Term loan    |  | 05/03/11    |  | 05/03/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  | $ | 519 |  |  | $ | 505 |  |  | $ | 506 | 
|                       |  | Joseph B Luxama                |  |                                                     | # | #               |  | Term loan    |  | 06/16/11    |  | 06/16/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 514 |  |  | $ | 508 |  |  | $ | 506 | 
|                       |  | Mohammad A Parvaiz             |  |                                                     | # | #               |  | Term loan    |  | 05/26/11    |  | 05/26/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.95 | % |          | $ | 0 |           |  | $ | 526 |  |  | $ | 502 |  |  | $ | 506 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2011Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Sing-Fai Chan                  |  |                                                     |   |                 |  | Term loan    |  | 09/24/10    |  | 09/24/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.88 | % |          | $ | 0 |           |  |   |     |  |  | $ | 505 |  |  | $ | 505 | 
|                       |  | Binh Pham                      |  |                                                     | # | #               |  | Term loan    |  | 09/09/10    |  | 09/09/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 504 |  |  | $ | 503 | 
|                       |  | Mian Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 02/02/11    |  | 02/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 510 |  |  | $ | 503 |  |  | $ | 502 | 
|                       |  | Turgut Duman                   |  |                                                     | # | #               |  | Term loan    |  | 12/10/10    |  | 12/10/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 500 |  |  | $ | 502 | 
|                       |  | Samy Baddar                    |  |                                                     | # | #               |  | Term loan    |  | 12/20/11    |  | 12/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 500 |  |  | $ | 500 |  |  | $ | 502 | 
|                       |  | Odvil Fequiere                 |  |                                                     | # | #               |  | Term loan    |  | 02/22/11    |  | 02/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.13 | % |          | $ | 0 |           |  | $ | 500 |  |  | $ | 494 |  |  | $ | 497 | 
|                       |  | Brunel Paul & Chrislorme Paul  |  |                                                     | # | #               |  | Term loan    |  | 06/30/11    |  | 06/30/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 500 |  |  | $ | 493 |  |  | $ | 496 | 
|                       |  | Zhi Li Peng                    |  |                                                     |   |                 |  | Term loan    |  | 03/24/11    |  | 03/24/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 497 |  |  | $ | 495 |  |  | $ | 496 | 
|                       |  | Copper One Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 495 |  |  | $ | 494 | 
|                       |  | Miguel Fernandez               |  |                                                     | # | #               |  | Term loan    |  | 03/14/11    |  | 03/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 500 |  |  | $ | 491 |  |  | $ | 494 | 
|                       |  | Joseph Gerard Pierre           |  |                                                     |   |                 |  | Term loan    |  | 04/08/11    |  | 04/08/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 498 |  |  | $ | 494 |  |  | $ | 493 | 
|                       |  | Parvinder Singh                |  |                                                     | # | #               |  | Term loan    |  | 02/16/11    |  | 02/16/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 505 |  |  | $ | 492 |  |  | $ | 493 | 
|                       |  | Michael Avitan                 |  |                                                     | # | #               |  | Term loan    |  | 07/19/11    |  | 07/19/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 500 |  |  | $ | 495 |  |  | $ | 492 | 
|                       |  | Rousseau Ductan                |  |                                                     | # | #               |  | Term loan    |  | 12/22/11    |  | 12/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 492 |  |  | $ | 492 |  |  | $ | 490 | 
|                       |  | Pierre Goguin Joseph           |  |                                                     |   |                 |  | Term loan    |  | 05/20/10    |  | 05/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 489 |  |  | $ | 489 | 
|                       |  | Jened Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 04/14/08    |  | 04/14/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 489 |  |  | $ | 488 | 
|                       |  | Gustavo E Cabrejos             |  |                                                     | # | #               |  | Term loan    |  | 04/04/11    |  | 04/04/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.90 | % |          | $ | 0 |           |  | $ | 493 |  |  | $ | 486 |  |  | $ | 487 | 
|                       |  | Amr & Rina Taxi Inc            |  |                                                     | # | #               |  | Term loan    |  | 06/17/11    |  | 06/17/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 488 |  |  | $ | 483 |  |  | $ | 484 | 
|                       |  | Georges Salomon                |  |                                                     | # | #               |  | Term loan    |  | 08/12/10    |  | 08/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 486 |  |  | $ | 483 | 
|                       |  | Ahmed Elsayed                  |  |                                                     | # | #               |  | Term loan    |  | 08/01/11    |  | 08/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 487 |  |  | $ | 483 |  |  | $ | 483 | 
|                       |  | Jordan O Ohene                 |  |                                                     | # | #               |  | Term loan    |  | 11/05/10    |  | 11/05/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 481 |  |  | $ | 483 | 
|                       |  | Brunet Lucas                   |  |                                                     | # | #               |  | Term loan    |  | 09/29/10    |  | 09/29/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 478 |  |  | $ | 478 | 
|                       |  | Charanjeet Kaur & Manjit Singh |  |                                                     | # | #               |  | Term loan    |  | 10/07/10    |  | 10/07/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 474 |  |  | $ | 474 | 
|                       |  | All Wood Llc                   |  |                                                     | # | #               |  | Term loan    |  | 08/17/11    |  | 08/17/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 475 |  |  | $ | 473 |  |  | $ | 474 | 
|                       |  | Carmay Latendresse &           |  |                                                     |   |                 |  | Term loan    |  | 02/01/10    |  | 02/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.88 | % |          | $ | 0 |           |  |   |     |  |  | $ | 474 |  |  | $ | 474 | 
|                       |  | Atef A Khalil                  |  |                                                     |   |                 |  | Term loan    |  | 04/15/11    |  | 04/15/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 475 |  |  | $ | 472 |  |  | $ | 473 | 
|                       |  | Abu H Shawkat                  |  |                                                     |   |                 |  | Term loan    |  | 03/12/10    |  | 03/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.60 | % |          | $ | 0 |           |  |   |     |  |  | $ | 471 |  |  | $ | 472 | 
|                       |  | Eustache Romain                |  |                                                     | # | #               |  | Term loan    |  | 10/25/10    |  | 10/25/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 471 |  |  | $ | 471 | 
|                       |  | Albert A Agyemang              |  |                                                     | # | #               |  | Term loan    |  | 08/25/11    |  | 08/25/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.70 | % |          | $ | 0 |           |  | $ | 470 |  |  | $ | 467 |  |  | $ | 468 | 
|                       |  | Roland Eusebe & Naomi Charles  |  |                                                     |   |                 |  | Term loan    |  | 03/17/11    |  | 03/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 470 |  |  | $ | 469 |  |  | $ | 468 | 
|                       |  | David Mashkabov                |  |                                                     | # | #               |  | Term loan    |  | 10/26/11    |  | 10/24/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 470 |  |  | $ | 468 |  |  | $ | 467 | 
|                       |  | Nelson R Moreira               |  |                                                     |   |                 |  | Term loan    |  | 12/22/10    |  | 12/22/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 467 |  |  | $ | 467 | 
|                       |  | Harold Torres                  |  |                                                     | # | #               |  | Term loan    |  | 07/29/10    |  | 07/29/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 466 |  |  | $ | 467 | 
|                       |  | Mohammed F Munir               |  |                                                     | # | #               |  | Term loan    |  | 02/11/11    |  | 02/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 475 |  |  | $ | 462 |  |  | $ | 465 | 
|                       |  | Nobert Auguste                 |  |                                                     |   |                 |  | Term loan    |  | 04/12/10    |  | 04/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 465 |  |  | $ | 465 | 
|                       |  | Tamimu Aliu                    |  |                                                     | # | #               |  | Term loan    |  | 06/07/10    |  | 06/07/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 463 |  |  | $ | 463 | 
|                       |  | Parkash Taxi Inc               |  |                                                     | # | #               |  | Term loan    |  | 08/09/10    |  | 08/09/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 463 |  |  | $ | 461 | 
|                       |  | Patrick Sattaur                |  |                                                     | # | #               |  | Term loan    |  | 11/18/11    |  | 11/18/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 455 |  |  | $ | 454 |  |  | $ | 455 | 
|                       |  | Olmedo Nocua                   |  |                                                     | # | #               |  | Term loan    |  | 01/21/11    |  | 01/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 459 |  |  | $ | 451 |  |  | $ | 453 | 
|                       |  | Momar Diagne                   |  |                                                     | # | #               |  | Term loan    |  | 08/25/11    |  | 08/25/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 453 |  |  | $ | 450 |  |  | $ | 451 | 
|                       |  | Ranjit Singh                   |  |                                                     | # | #               |  | Term loan    |  | 10/05/09    |  | 10/05/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 452 |  |  | $ | 451 | 
|                       |  | Eduard Neyman                  |  |                                                     | # | #               |  | Term loan    |  | 11/09/11    |  | 11/09/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 450 |  |  | $ | 449 |  |  | $ | 450 | 
|                       |  | Gonel Seraphin & Evelyne Serap |  |                                                     | # | #               |  | Term loan    |  | 12/09/11    |  | 12/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 451 |  |  | $ | 451 |  |  | $ | 450 | 
|                       |  | Mark Ansley Clarke             |  |                                                     |   |                 |  | Term loan    |  | 01/28/09    |  | 01/28/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.63 | % |          | $ | 0 |           |  |   |     |  |  | $ | 448 |  |  | $ | 447 | 
|                       |  | Spyridon Tzorzis               |  |                                                     | # | #               |  | Term loan    |  | 09/22/11    |  | 09/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 448 |  |  | $ | 444 |  |  | $ | 445 | 
|                       |  | Aminder Pal Singh              |  |                                                     |   |                 |  | Term loan    |  | 01/28/11    |  | 01/28/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 500 |  |  | $ | 443 |  |  | $ | 445 | 
|                       |  | Rauf Meer                      |  |                                                     | # | #               |  | Term loan    |  | 02/17/09    |  | 02/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 446 |  |  | $ | 445 | 
|                       |  | Rossini F Celestin             |  |                                                     |   |                 |  | Term loan    |  | 10/09/09    |  | 10/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 444 |  |  | $ | 443 | 
|                       |  | Guy Merisier                   |  |                                                     | # | #               |  | Term loan    |  | 06/30/11    |  | 06/30/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 444 |  |  | $ | 442 |  |  | $ | 443 | 
|                       |  | Chamkor Cab Corp               |  |                                                     | # | #               |  | Term loan    |  | 12/16/09    |  | 06/30/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 443 |  |  | $ | 442 | 
|                       |  | Jacob Kuruvilla                |  |                                                     | # | #               |  | Term loan    |  | 11/11/09    |  | 11/15/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.90 | % |          | $ | 0 |           |  |   |     |  |  | $ | 439 |  |  | $ | 439 | 
|                       |  | Mario Nisthauz                 |  |                                                     | # | #               |  | Term loan    |  | 03/24/10    |  | 03/24/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 438 |  |  | $ | 437 | 
|                       |  | Daca Taxi Inc                  |  |                                                     | # | #               |  | Term loan    |  | 06/02/11    |  | 06/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.38 | % |          | $ | 0 |           |  | $ | 438 |  |  | $ | 432 |  |  | $ | 433 | 
|                       |  | Preslert Louis                 |  |                                                     |   |                 |  | Term loan    |  | 03/09/09    |  | 03/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 434 |  |  | $ | 433 | 
|                       |  | Gurmeet Singh                  |  |                                                     | # | #               |  | Term loan    |  | 06/21/11    |  | 06/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 435 |  |  | $ | 431 |  |  | $ | 432 | 
|                       |  | Shubal C Ghose                 |  |                                                     | # | #               |  | Term loan    |  | 09/23/10    |  | 09/23/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 431 |  |  | $ | 432 | 
|                       |  | Julio Farfan                   |  |                                                     | # | #               |  | Term loan    |  | 08/03/11    |  | 08/03/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 430 |  |  | $ | 426 |  |  | $ | 429 | 
|                       |  | Mtr Taxi Inc                   |  |                                                     | # | #               |  | Term loan    |  | 01/06/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 422 |  |  | $ | 423 | 
|                       |  | Saba Moshe Taxi Inc            |  |                                                     | # | #               |  | Term loan    |  | 01/06/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 422 |  |  | $ | 423 | 
|                       |  | Maya Taxi Inc                  |  |                                                     | # | #               |  | Term loan    |  | 01/06/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 422 |  |  | $ | 423 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2011Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | M&J Taxi Inc                   |  |                                                     | # | #               |  | Term loan    |  | 01/06/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 422 |  |  | $ | 423 | 
|                       |  | Neomi & Z Taxi Inc             |  |                                                     | # | #               |  | Term loan    |  | 01/06/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 422 |  |  | $ | 423 | 
|                       |  | Bucur Express Cab Corp         |  |                                                     | # | #               |  | Term loan    |  | 06/02/11    |  | 06/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.38 | % |          | $ | 0 |           |  | $ | 421 |  |  | $ | 416 |  |  | $ | 417 | 
|                       |  | Dady Hamel                     |  |                                                     | # | #               |  | Term loan    |  | 04/16/09    |  | 12/22/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.90 | % |          | $ | 0 |           |  |   |     |  |  | $ | 415 |  |  | $ | 414 | 
|                       |  | Manuel F Pena                  |  |                                                     | # | #               |  | Term loan    |  | 04/01/11    |  | 04/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 420 |  |  | $ | 413 |  |  | $ | 414 | 
|                       |  | Frands Fequiere                |  |                                                     | # | #               |  | Term loan    |  | 01/26/11    |  | 01/25/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.20 | % |          | $ | 0 |           |  | $ | 420 |  |  | $ | 412 |  |  | $ | 413 | 
|                       |  | Humberto Ontaneda              |  |                                                     | # | #               |  | Term loan    |  | 01/06/10    |  | 01/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 408 |  |  | $ | 408 | 
|                       |  | Pierre Chery                   |  |                                                     | # | #               |  | Term loan    |  | 10/20/11    |  | 10/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 412 |  |  | $ | 409 |  |  | $ | 408 | 
|                       |  | Anthony Okyere Duah            |  |                                                     | # | #               |  | Term loan    |  | 06/10/11    |  | 06/10/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 407 |  |  | $ | 403 |  |  | $ | 404 | 
|                       |  | I&I Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 10/06/11    |  | 10/05/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 400 |  |  | $ | 400 |  |  | $ | 403 | 
|                       |  | N & B Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 06/24/11    |  | 06/24/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 400 |  |  | $ | 400 |  |  | $ | 401 | 
|                       |  | Y Joey Taxi Inc                |  |                                                     | # | #               |  | Term loan    |  | 01/06/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 400 |  |  | $ | 400 |  |  | $ | 401 | 
|                       |  | Ricale Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 04/10/03    |  | 02/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 400 |  |  | $ | 399 | 
|                       |  | Luis E Perez                   |  |                                                     | # | #               |  | Term loan    |  | 04/13/11    |  | 04/13/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 400 |  |  | $ | 394 |  |  | $ | 395 | 
|                       |  | Ny Berts Cab Corp              |  |                                                     | # | #               |  | Term loan    |  | 09/15/10    |  | 09/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 392 |  |  | $ | 393 | 
|                       |  | Man Singh                      |  |                                                     | # | #               |  | Term loan    |  | 11/23/11    |  | 11/23/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 391 |  |  | $ | 390 |  |  | $ | 391 | 
|                       |  | Ruckman Hacking Corp           |  |                                                     | # | #               |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 390 |  |  | $ | 390 |  |  | $ | 391 | 
|                       |  | Geraldine Hacking Co           |  |                                                     | # | #               |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 389 |  |  | $ | 389 |  |  | $ | 390 | 
|                       |  | Pierre Jeune                   |  |                                                     | # | #               |  | Term loan    |  | 07/21/11    |  | 07/21/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 387 |  |  | $ | 383 |  |  | $ | 383 | 
|                       |  | Avner Ben-Levy                 |  |                                                     | # | #               |  | Term loan    |  | 12/05/11    |  | 12/05/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 380 |  |  | $ | 380 |  |  | $ | 382 | 
|                       |  | Elsayed A Hassan               |  |                                                     | # | #               |  | Term loan    |  | 11/28/11    |  | 11/28/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 381 |  |  | $ | 380 |  |  | $ | 381 | 
|                       |  | Joseph L Flovel                |  |                                                     | # | #               |  | Term loan    |  | 04/09/09    |  | 04/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 380 |  |  | $ | 379 | 
|                       |  | Magloire David                 |  |                                                     |   |                 |  | Term loan    |  | 01/06/10    |  | 01/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 378 |  |  | $ | 378 | 
|                       |  | Tarafdar Abul & Tarafdar Luthf |  |                                                     |   |                 |  | Term loan    |  | 08/13/10    |  | 08/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 375 |  |  | $ | 375 | 
|                       |  | Nour-Ditmars Zamalek Corp &    |  |                                                     | # | #               |  | Term loan    |  | 04/01/11    |  | 04/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.90 | % |          | $ | 0 |           |  | $ | 380 |  |  | $ | 374 |  |  | $ | 375 | 
|                       |  | Lelio Bresier & Jeanne Bresier |  |                                                     | # | #               |  | Term loan    |  | 04/01/11    |  | 04/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 375 |  |  | $ | 370 |  |  | $ | 373 | 
|                       |  | Shah M Rahman                  |  |                                                     | # | #               |  | Term loan    |  | 08/15/11    |  | 08/15/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 375 |  |  | $ | 373 |  |  | $ | 372 | 
|                       |  | Fernande Paul Cab Corp         |  |                                                     |   |                 |  | Term loan    |  | 04/26/11    |  | 04/26/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 375 |  |  | $ | 372 |  |  | $ | 372 | 
|                       |  | Hasina Farazi And Rafiul Faraz |  |                                                     | # | #               |  | Term loan    |  | 08/13/09    |  | 08/13/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.13 | % |          | $ | 0 |           |  |   |     |  |  | $ | 370 |  |  | $ | 369 | 
|                       |  | Jacques Desrosiers             |  |                                                     |   |                 |  | Term loan    |  | 09/05/07    |  | 04/24/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 370 |  |  | $ | 369 | 
|                       |  | Rahul Amin                     |  |                                                     | # | #               |  | Term loan    |  | 03/25/09    |  | 03/25/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.90 | % |          | $ | 0 |           |  |   |     |  |  | $ | 368 |  |  | $ | 367 | 
|                       |  | Vosiem Hacking Corp            |  |                                                     | # | #               |  | Term loan    |  | 09/09/11    |  | 09/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.00 | % |          | $ | 0 |           |  | $ | 360 |  |  | $ | 359 |  |  | $ | 360 | 
|                       |  | Alexander A Malamud            |  |                                                     | # | #               |  | Term loan    |  | 04/20/11    |  | 05/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 359 |  |  | $ | 355 |  |  | $ | 356 | 
|                       |  | Ilias Karanikolas              |  |                                                     | # | #               |  | Term loan    |  | 11/08/11    |  | 11/08/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 356 |  |  | $ | 355 |  |  | $ | 356 | 
|                       |  | Cleopatra Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 354 |  |  | $ | 354 | 
|                       |  | Real Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 351 |  |  | $ | 350 | 
|                       |  | Carlot Dalce                   |  |                                                     | # | #               |  | Term loan    |  | 11/15/10    |  | 11/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 349 |  |  | $ | 349 | 
|                       |  | Pierre Cadet                   |  |                                                     | # | #               |  | Term loan    |  | 03/18/10    |  | 03/18/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 347 |  |  | $ | 347 | 
|                       |  | Gerard G Tema                  |  |                                                     | # | #               |  | Term loan    |  | 12/06/10    |  | 12/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 341 |  |  | $ | 343 | 
|                       |  | Santokh Bangay                 |  |                                                     | # | #               |  | Term loan    |  | 09/14/09    |  | 09/14/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 340 |  |  | $ | 339 | 
|                       |  | Crossbow Taxi Inc              |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 335 | 
|                       |  | King D Taxi Inc                |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 335 | 
|                       |  | King Verin Taxi Inc            |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 335 | 
|                       |  | Nautilus Service Cor           |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 335 | 
|                       |  | Petia Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 335 | 
|                       |  | Run Service Corp               |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 335 | 
|                       |  | Jean A. Alexandre              |  |                                                     |   |                 |  | Term loan    |  | 12/12/11    |  | 12/12/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.25 | % |          | $ | 0 |           |  | $ | 335 |  |  | $ | 335 |  |  | $ | 335 | 
|                       |  | Essa & Soliman Transit Inc     |  |                                                     | # | #               |  | Term loan    |  | 05/29/08    |  | 12/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 333 | 
|                       |  | Rafael A Pena &                |  |                                                     |   |                 |  | Term loan    |  | 10/01/10    |  | 10/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 332 |  |  | $ | 333 | 
|                       |  | Rehmet Khan                    |  |                                                     | # | #               |  | Term loan    |  | 03/04/11    |  | 03/04/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 350 |  |  | $ | 332 |  |  | $ | 333 | 
|                       |  | Medora Moreira &Juan Mendoza   |  |                                                     | # | #               |  | Term loan    |  | 02/18/11    |  | 02/18/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 335 |  |  | $ | 329 |  |  | $ | 330 | 
|                       |  | Joseph Jean                    |  |                                                     | # | #               |  | Term loan    |  | 09/04/09    |  | 09/04/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.35 | % |          | $ | 0 |           |  |   |     |  |  | $ | 328 |  |  | $ | 327 | 
|                       |  | Joslin Fenelus                 |  |                                                     | # | #               |  | Term loan    |  | 09/16/09    |  | 09/16/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 321 |  |  | $ | 320 | 
|                       |  | Jean B Guerrier                |  |                                                     | # | #               |  | Term loan    |  | 08/12/09    |  | 08/12/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 319 |  |  | $ | 319 | 
|                       |  | Bella Hacking Corp             |  |                                                     | # | #               |  | Term loan    |  | 06/25/04    |  | 06/25/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 319 |  |  | $ | 318 | 
|                       |  | Mohammmed H Iqbal              |  |                                                     | # | #               |  | Term loan    |  | 01/13/09    |  | 01/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 316 |  |  | $ | 315 | 
|                       |  | Cody Service Co Inc            |  |                                                     | # | #               |  | Term loan    |  | 09/15/10    |  | 09/10/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 312 |  |  | $ | 313 | 
|                       |  | Malkit Singh                   |  |                                                     | # | #               |  | Term loan    |  | 04/15/11    |  | 04/15/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 315 |  |  | $ | 308 |  |  | $ | 311 | 
|                       |  | Light Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 308 |  |  | $ | 308 | 
|                       |  | Elias Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 304 |  |  | $ | 304 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                     |      |   |           |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ----------------------------------- | ---- | - | --------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost 
of2011Acquisitions(5) |      |   | Cost 
(4) |   |   | FairValue | 
|                       |  | Fany Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |     |  |  | $ | 303 |  |  | $ | 303 | 
|                       |  | Georges Desrosiers             |  |                                                     | # | #               |  | Term loan    |  | 05/27/11    |  | 05/27/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.50 | % |           | $ | 0 |           |  | $ | 307 |  |  | $ | 301 |  |  | $ | 303 | 
|                       |  | Angus Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |     |  |  | $ | 302 |  |  | $ | 302 | 
|                       |  | Platform Taxi Service          |  |                                                     | # | #               |  | Term loan    |  | 03/29/06    |  | 09/06/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |     |  |  | $ | 303 |  |  | $ | 302 | 
|                       |  | Kornos Taxi Inc                |  |                                                     | # | #               |  | Term loan    |  | 05/02/03    |  | 08/21/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.63 | % |           | $ | 0 |           |  |   |     |  |  | $ | 303 |  |  | $ | 302 | 
|                       |  | Bj Cab Corp                    |  |                                                     |   |                 |  | Term loan    |  | 11/14/11    |  | 11/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 298 |  |  | $ | 297 |  |  | $ | 302 | 
|                       |  | Jolene Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  |   |     |  |  | $ | 302 |  |  | $ | 302 | 
|                       |  | Shahdad Bhatti Cab Corp        |  |                                                     | # | #               |  | Term loan    |  | 11/05/10    |  | 11/05/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.38 | % |           | $ | 0 |           |  |   |     |  |  | $ | 301 |  |  | $ | 301 | 
|                       |  | Bj Cab Corp/Note 2 Of 2        |  |                                                     |   |                 |  | Term loan    |  | 11/14/11    |  | 11/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 298 |  |  | $ | 297 |  |  | $ | 299 | 
|                       |  | Chaim Tepper                   |  |                                                     | # | #               |  | Term loan    |  | 02/10/11    |  | 02/10/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.25 | % |           | $ | 0 |           |  | $ | 302 |  |  | $ | 296 |  |  | $ | 297 | 
|                       |  | Mohammad Ashraf Ali            |  |                                                     | # | #               |  | Term loan    |  | 06/10/10    |  | 06/10/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 290 |  |  | $ | 291 | 
|                       |  | Double Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 07/24/09    |  | 07/16/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 285 |  |  | $ | 284 | 
|                       |  | Abdullah Zivali                |  |                                                     | # | #               |  | Term loan    |  | 07/08/11    |  | 11/10/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 3.75 | % |           | $ | 0 |           |  | $ | 287 |  |  | $ | 277 |  |  | $ | 278 | 
|                       |  | Serge Bonny                    |  |                                                     | # | #               |  | Term loan    |  | 03/02/11    |  | 03/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 277 |  |  | $ | 273 |  |  | $ | 274 | 
|                       |  | Tarek Elsaid                   |  |                                                     | # | #               |  | Term loan    |  | 05/27/11    |  | 05/27/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.25 | % |           | $ | 0 |           |  | $ | 280 |  |  | $ | 271 |  |  | $ | 273 | 
|                       |  | Barbara Przezdziecka           |  |                                                     | # | #               |  | Term loan    |  | 05/10/07    |  | 05/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 7.25 | % |           | $ | 0 |           |  |   |     |  |  | $ | 265 |  |  | $ | 264 | 
|                       |  | Y.A.M. Associates Corp         |  |                                                     |   |                 |  | Term loan    |  | 10/18/11    |  | 04/18/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.00 | % |           | $ | 0 |           |  | $ | 273 |  |  | $ | 246 |  |  | $ | 248 | 
|                       |  | Mohammad Azhar                 |  |                                                     | # | #               |  | Term loan    |  | 07/11/11    |  | 07/11/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 240 |  |  | $ | 235 |  |  | $ | 236 | 
|                       |  | Joubert Toussaint              |  |                                                     | # | #               |  | Term loan    |  | 12/15/11    |  | 12/15/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.50 | % |           | $ | 0 |           |  | $ | 230 |  |  | $ | 230 |  |  | $ | 232 | 
|                       |  | Amos B Baffour-Gyau            |  |                                                     | # | #               |  | Term loan    |  | 10/04/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 229 |  |  | $ | 230 | 
|                       |  | Abdul H Abid                   |  |                                                     | # | #               |  | Term loan    |  | 06/09/09    |  | 06/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |     |  |  | $ | 222 |  |  | $ | 222 | 
|                       |  | Ali Akbar                      |  |                                                     | # | #               |  | Term loan    |  | 03/04/10    |  | 10/11/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 222 |  |  | $ | 222 | 
|                       |  | Chuhar Singh                   |  |                                                     | # | #               |  | Term loan    |  | 12/02/11    |  | 12/02/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 3.75 | % |           | $ | 0 |           |  | $ | 215 |  |  | $ | 215 |  |  | $ | 216 | 
|                       |  | Ede Service Corp               |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.75 | % |           | $ | 0 |           |  |   |     |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  | Slo Cab Corp                   |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.75 | % |           | $ | 0 |           |  |   |     |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  | Yberto Santana                 |  |                                                     | # | #               |  | Term loan    |  | 06/09/11    |  | 06/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.25 | % |           | $ | 0 |           |  | $ | 204 |  |  | $ | 200 |  |  | $ | 201 | 
|                       |  | David Taxi Corp                |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 192 |  |  | $ | 193 | 
|                       |  | Nicolae Blidariu               |  |                                                     |   |                 |  | Term loan    |  | 02/29/08    |  | 02/28/23 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 192 |  |  | $ | 192 | 
|                       |  | Zorro Taxi Inc                 |  |                                                     |   |                 |  | Term loan    |  | 08/09/11    |  | 08/09/21 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  | $ | 190 |  |  | $ | 186 |  |  | $ | 188 | 
|                       |  | Zante Cab Corp/Mbank           |  |                                                     |   |                 |  | Term loan    |  | 02/02/10    |  | 02/02/15 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.01 | % |           | $ | 0 |           |  |   |     |  |  | $ | 188 |  |  | $ | 187 | 
|                       |  | Jackie L Chaiken & Michael Cha |  |                                                     | # | #               |  | Term loan    |  | 03/16/11    |  | 03/16/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 183 |  |  | $ | 183 |  |  | $ | 185 | 
|                       |  | Daniel Victor                  |  |                                                     | # | #               |  | Term loan    |  | 05/06/11    |  | 05/06/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.75 | % |           | $ | 0 |           |  | $ | 185 |  |  | $ | 182 |  |  | $ | 183 | 
|                       |  | Orr Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 04/06/06    |  | 03/28/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.75 | % |           | $ | 0 |           |  |   |     |  |  | $ | 177 |  |  | $ | 177 | 
|                       |  | Folio Taxi Corp                |  |                                                     | # | #               |  | Term loan    |  | 04/06/06    |  | 03/28/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.75 | % |           | $ | 0 |           |  |   |     |  |  | $ | 177 |  |  | $ | 177 | 
|                       |  | Atom Transit Llc/B Note        |  |                                                     |   |                 |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Duracell Transit Llc/B Note    |  |                                                     |   |                 |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 3.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Electron Transit Llc/B Note    |  |                                                     |   |                 |  | Term loan    |  | 10/23/06    |  | 10/23/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 2.67 | % |           | $ | 0 |           |  |   |     |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Fusion Transit Llc/B Note      |  |                                                     |   |                 |  | Term loan    |  | 10/23/06    |  | 10/23/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 2.67 | % |           | $ | 0 |           |  |   |     |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Gasless Transit Llc/Bnote      |  |                                                     |   |                 |  | Term loan    |  | 10/23/06    |  | 10/23/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 2.67 | % |           | $ | 0 |           |  |   |     |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Ilias Karanikolas              |  |                                                     | # | #               |  | Term loan    |  | 11/08/11    |  | 11/08/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.75 | % |           | $ | 0 |           |  | $ | 173 |  |  | $ | 173 |  |  | $ | 175 | 
|                       |  | Mode Service Corp              |  |                                                     |   |                 |  | Term loan    |  | 06/02/11    |  | 06/01/21 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.00 | % |           | $ | 0 |           |  | $ | 185 |  |  | $ | 176 |  |  | $ | 175 | 
|                       |  | Kesef Taxi Inc                 |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.88 | % |           | $ | 0 |           |  |   |     |  |  | $ | 168 |  |  | $ | 170 | 
|                       |  | Anastasios Tsiklidis           |  |                                                     |   |                 |  | Term loan    |  | 04/15/11    |  | 10/15/18 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.13 | % |           | $ | 0 |           |  | $ | 172 |  |  | $ | 159 |  |  | $ | 161 | 
|                       |  | Wilfrid Barreau                |  |                                                     |   |                 |  | Term loan    |  | 12/29/09    |  | 12/29/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.75 | % |           | $ | 0 |           |  |   |     |  |  | $ | 159 |  |  | $ | 159 | 
|                       |  | Angelita Transit Inc/Note 1    |  |                                                     | # | #               |  | Term loan    |  | 04/22/10    |  | 03/16/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.75 | % |           | $ | 0 |           |  |   |     |  |  | $ | 154 |  |  | $ | 155 | 
|                       |  | Ede Service Corp/Mfun          |  |                                                     |   |                 |  | Term loan    |  | 07/24/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 7.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 151 |  |  | $ | 151 | 
|                       |  | Joseph Bologna                 |  |                                                     | # | #               |  | Term loan    |  | 10/06/10    |  | 10/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 150 |  |  | $ | 151 | 
|                       |  | Ny Diploma Taxi Co             |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.75 | % |           | $ | 0 |           |  |   |     |  |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Yosi Transit Inc               |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.75 | % |           | $ | 0 |           |  |   |     |  |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Roman Fermin                   |  |                                                     | # | #               |  | Term loan    |  | 04/09/09    |  | 10/27/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.25 | % |           | $ | 0 |           |  |   |     |  |  | $ | 120 |  |  | $ | 119 | 
|                       |  | Boris Ushman                   |  |                                                     | # | #               |  | Term loan    |  | 05/21/03    |  | 05/05/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.88 | % |           | $ | 0 |           |  |   |     |  |  | $ | 115 |  |  | $ | 115 | 
|                       |  | Jose Perez                     |  |                                                     | # | #               |  | Term loan    |  | 11/03/98    |  | 10/10/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 7.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 115 |  |  | $ | 115 | 
|                       |  | Norberto Cardona               |  |                                                     | # | #               |  | Term loan    |  | 05/18/09    |  | 05/18/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.25 | % |           | $ | 0 |           |  |   |     |  |  | $ | 108 |  |  | $ | 108 | 
|                       |  | Ken Service Corp/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 09/02/10    |  | 09/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 115 |  |  | $ | 105 | 
|                       |  | First Eight Grand Corp         |  |                                                     |   |                 |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.26 | % |           | $ | 0 |           |  | $ | 105 |  |  | $ | 105 |  |  | $ | 105 | 
|                       |  | Ny Diploma Taxi Corp/Mfun      |  |                                                     |   |                 |  | Term loan    |  | 07/24/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 7.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 101 |  |  | $ | 101 | 
|                       |  | King Pierre Taxi Inc           |  |                                                     |   |                 |  | Term loan    |  | 10/18/10    |  | 10/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 96  |  |  | $ | 97  | 
|                       |  | N.Y. Indigo Taxi Corp          |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 96  |  |  | $ | 97  | 
|                       |  | Julella Cab Corp               |  |                                                     |   |                 |  | Term loan    |  | 10/21/10    |  | 12/22/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.35 | % |           | $ | 0 |           |  |   |     |  |  | $ | 90  |  |  | $ | 91  | 
|                       |  | Emerald I Taxi Corp/Mbank      |  |                                                     |   |                 |  | Term loan    |  | 12/20/11    |  | 12/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.13 | % |           | $ | 0 |           |  | $ | 90  |  |  | $ | 90  |  |  | $ | 90  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |           |   |   |           |  |   |       |  |  |   |    |  |  |   |    | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | --------- | - | - | --------- |  | - | ----- |  |  | - | -- |  |  | - | -- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2011Acquisitions(5) |      |   | Cost 
(4) |   |   | FairValue | 
|                       |  | Ny Pisces Taxi Corp            |  |                                                     |   |                 |  | Term loan    |  | 10/18/10    |  | 10/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 84 |  |  | $ | 85 | 
|                       |  | Ny Cookie Taxi Corp            |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 84 |  |  | $ | 85 | 
|                       |  | Ny Kind Taxi Corp              |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 84 |  |  | $ | 85 | 
|                       |  | King Mario Taxi Inc            |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 84 |  |  | $ | 85 | 
|                       |  | Isotope Transit Llc/B Note     |  |                                                     |   |                 |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 85 | 
|                       |  | Juiced Transit Llc/B Note      |  |                                                     |   |                 |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 85 | 
|                       |  | Kinetic Transit Llc/B Note     |  |                                                     |   |                 |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 85 | 
|                       |  | Lowvolt Transit Llc            |  |                                                     |   |                 |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 85 | 
|                       |  | Mixfuel Transit Llcb Note      |  |                                                     |   |                 |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 85 | 
|                       |  | Neutron Transit Llc/B Note     |  |                                                     |   |                 |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 85 | 
|                       |  | Proton Transit Llc/B Note      |  |                                                     |   |                 |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 85 | 
|                       |  | Quark Transit Llc/B Note       |  |                                                     |   |                 |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 85 | 
|                       |  | Rechargeable Transit Llc/Bnote |  |                                                     |   |                 |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 85 | 
|                       |  | Hybrid Transit Llc/B Note      |  |                                                     |   |                 |  | Term loan    |  | 10/23/06    |  | 10/23/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 2.67 | % |           | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 85 | 
|                       |  | Eddy Joseph                    |  |                                                     | # | #               |  | Term loan    |  | 12/20/00    |  | 01/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 79 |  |  | $ | 79 | 
|                       |  | Bu Taxi Llc/Mbank              |  |                                                     |   |                 |  | Term loan    |  | 12/29/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.40 | % |           | $ | 0 |           |  |   |       |  |  | $ | 75 |  |  | $ | 75 | 
|                       |  | Carlos Rios                    |  |                                                     |   |                 |  | Term loan    |  | 03/11/11    |  | 03/11/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |           | $ | 0 |           |  | $ | 75    |  |  | $ | 73 |  |  | $ | 74 | 
|                       |  | Ornos Service Inc              |  |                                                     |   |                 |  | Term loan    |  | 02/23/07    |  | 02/23/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.40 | % |           | $ | 0 |           |  |   |       |  |  | $ | 72 |  |  | $ | 72 | 
|                       |  | Calcium One Service Inc        |  |                                                     |   |                 |  | Term loan    |  | 02/23/07    |  | 02/23/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.40 | % |           | $ | 0 |           |  |   |       |  |  | $ | 72 |  |  | $ | 72 | 
|                       |  | Michael Piccolo                |  |                                                     | # | #               |  | Term loan    |  | 05/03/06    |  | 03/03/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 70 |  |  | $ | 70 | 
|                       |  | Ede Service Corp               |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 69 |  |  | $ | 69 | 
|                       |  | Heby Taxi Inc./Mbank           |  |                                                     |   |                 |  | Term loan    |  | 09/02/10    |  | 09/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 76 |  |  | $ | 68 | 
|                       |  | Libnoth Cab Corp/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 09/02/10    |  | 09/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 76 |  |  | $ | 68 | 
|                       |  | Junco Taxi Inc/Mbank           |  |                                                     |   |                 |  | Term loan    |  | 09/02/10    |  | 09/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 76 |  |  | $ | 68 | 
|                       |  | Tulya Kogan Associates Inc     |  |                                                     |   |                 |  | Term loan    |  | 01/09/09    |  | 05/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 65 |  |  | $ | 63 | 
|                       |  | Robola Inc/Mbank               |  |                                                     |   |                 |  | Term loan    |  | 12/07/04    |  | 07/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.85 | % |           | $ | 0 |           |  |   |       |  |  | $ | 63 |  |  | $ | 63 | 
|                       |  | Natlon Hacking Corp            |  |                                                     |   |                 |  | Term loan    |  | 08/17/10    |  | 08/16/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 61 |  |  | $ | 63 | 
|                       |  | Jacal Hacking Corp             |  |                                                     |   |                 |  | Term loan    |  | 08/17/10    |  | 08/16/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 61 |  |  | $ | 63 | 
|                       |  | Avi Taxi Corporation/Mbank     |  |                                                     |   |                 |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.36 | % |           | $ | 0 |           |  | $ | 62    |  |  | $ | 62 |  |  | $ | 62 | 
|                       |  | Motors Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.36 | % |           | $ | 0 |           |  | $ | 62    |  |  | $ | 62 |  |  | $ | 62 | 
|                       |  | North Moore Taxi Inc           |  |                                                     |   |                 |  | Term loan    |  | 02/18/11    |  | 12/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |           | $ | 0 |           |  | $ | 1,200 |  |  | $ | 60 |  |  | $ | 62 | 
|                       |  | Honeybee Taxi Llc              |  |                                                     |   |                 |  | Term loan    |  | 01/21/11    |  | 12/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |           | $ | 0 |           |  | $ | 1,200 |  |  | $ | 60 |  |  | $ | 62 | 
|                       |  | N.Y. Abar Taxi Corp            |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 60 |  |  | $ | 61 | 
|                       |  | Kesev Taxi Inc                 |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 60 |  |  | $ | 61 | 
|                       |  | N.Y. Yno Taxi Corp             |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 60 |  |  | $ | 61 | 
|                       |  | Lazaros Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 11/01/10    |  | 11/01/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |           | $ | 0 |           |  |   |       |  |  | $ | 61 |  |  | $ | 61 | 
|                       |  | Kappa Taxi Inc/Mbank           |  |                                                     |   |                 |  | Term loan    |  | 12/20/11    |  | 12/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.13 | % |           | $ | 0 |           |  | $ | 60    |  |  | $ | 60 |  |  | $ | 60 | 
|                       |  | Y Mommy Taxi Inc/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |           | $ | 0 |           |  |   |       |  |  | $ | 60 |  |  | $ | 60 | 
|                       |  | Hamilton Transit Llc/Mbank     |  |                                                     |   |                 |  | Term loan    |  | 12/20/11    |  | 12/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.13 | % |           | $ | 0 |           |  | $ | 58    |  |  | $ | 58 |  |  | $ | 57 | 
|                       |  | Dani Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |           | $ | 0 |           |  |   |       |  |  | $ | 55 |  |  | $ | 57 | 
|                       |  | Y Daddy Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |           | $ | 0 |           |  |   |       |  |  | $ | 55 |  |  | $ | 57 | 
|                       |  | Ricale Taxi Inc/B Note         |  |                                                     | # | #               |  | Term loan    |  | 02/10/04    |  | 02/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.63 | % |           | $ | 0 |           |  |   |       |  |  | $ | 57 |  |  | $ | 57 | 
|                       |  | Appoint Cab Corp/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 12/06/10    |  | 12/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.96 | % |           | $ | 0 |           |  |   |       |  |  | $ | 57 |  |  | $ | 56 | 
|                       |  | Blend Transit Llc/B Note       |  |                                                     |   |                 |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 56 |  |  | $ | 56 | 
|                       |  | Composite Transit Llc          |  |                                                     |   |                 |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 56 |  |  | $ | 56 | 
|                       |  | Ricale Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 07/24/03    |  | 02/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.63 | % |           | $ | 0 |           |  |   |       |  |  | $ | 56 |  |  | $ | 56 | 
|                       |  | Edgar Transit Inc              |  |                                                     |   |                 |  | Term loan    |  | 12/13/11    |  | 12/09/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60 | % |           | $ | 0 |           |  | $ | 1,350 |  |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Sea Transit Inc                |  |                                                     |   |                 |  | Term loan    |  | 12/13/11    |  | 12/09/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60 | % |           | $ | 0 |           |  | $ | 1,350 |  |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Soccer Transit Inc             |  |                                                     |   |                 |  | Term loan    |  | 12/13/11    |  | 12/09/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60 | % |           | $ | 0 |           |  | $ | 1,350 |  |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Ziva Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 12/13/11    |  | 12/09/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60 | % |           | $ | 0 |           |  | $ | 1,350 |  |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Samiullah Zaman/Mbank          |  |                                                     |   |                 |  | Term loan    |  | 07/26/11    |  | 07/26/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.32 | % |           | $ | 0 |           |  | $ | 52    |  |  | $ | 51 |  |  | $ | 51 | 
|                       |  | Soho Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 12/23/11    |  | 12/22/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |           | $ | 0 |           |  | $ | 1,200 |  |  | $ | 48 |  |  | $ | 50 | 
|                       |  | Kaderee M & G Corp             |  |                                                     |   |                 |  | Term loan    |  | 12/20/11    |  | 12/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |           | $ | 0 |           |  | $ | 1,200 |  |  | $ | 48 |  |  | $ | 50 | 
|                       |  | Wildwood Hacking Corp          |  |                                                     |   |                 |  | Term loan    |  | 12/20/11    |  | 12/20/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |           | $ | 0 |           |  | $ | 1,200 |  |  | $ | 48 |  |  | $ | 50 | 
|                       |  | Big Ari Taxi Corp              |  |                                                     |   |                 |  | Term loan    |  | 11/21/11    |  | 11/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |           | $ | 0 |           |  | $ | 1,190 |  |  | $ | 48 |  |  | $ | 50 | 
|                       |  | Ny Kfar Taxi Corp/Mbank        |  |                                                     |   |                 |  | Term loan    |  | 09/07/10    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 56 |  |  | $ | 49 | 
|                       |  | Mazl Taxi Inc/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 09/07/10    |  | 09/07/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 56 |  |  | $ | 49 | 
|                       |  | Twinkle Cab Corp/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 09/07/10    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 56 |  |  | $ | 49 | 
|                       |  | Bedford Taxi Llc               |  |                                                     |   |                 |  | Term loan    |  | 10/07/11    |  | 10/07/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75 | % |           | $ | 0 |           |  | $ | 1,178 |  |  | $ | 47 |  |  | $ | 49 | 
|                       |  | Bursa Cab Corp/Note 1          |  |                                                     |   |                 |  | Term loan    |  | 03/23/01    |  | 09/10/23 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 49 |  |  | $ | 49 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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|---------------------- |  | ------------------------------- |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ----- | - | --------- | - | - | --------- |  | - | ----- |  |  | - | -- |  |  | - | -- | 
|(Dollars in thousands) |  | Obligor Name                    |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2011Acquisitions(5) |       |   | Cost 
(4) |   |   | FairValue | 
|                       |  | Chornomor Service Co            |  |                                                     |   |                 |  | Term loan    |  | 10/28/11    |  | 10/27/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75  | % |           | $ | 0 |           |  | $ | 1,200 |  |  | $ | 45 |  |  | $ | 47 | 
|                       |  | Trial Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 10/28/11    |  | 10/27/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75  | % |           | $ | 0 |           |  | $ | 1,200 |  |  | $ | 45 |  |  | $ | 47 | 
|                       |  | Central Hacking Corp            |  |                                                     |   |                 |  | Term loan    |  | 10/07/11    |  | 10/07/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.75  | % |           | $ | 0 |           |  | $ | 1,110 |  |  | $ | 45 |  |  | $ | 47 | 
|                       |  | Leka Transit Inc                |  |                                                     |   |                 |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60  | % |           | $ | 0 |           |  | $ | 1,275 |  |  | $ | 45 |  |  | $ | 46 | 
|                       |  | Marg Cab Corp                   |  |                                                     |   |                 |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60  | % |           | $ | 0 |           |  | $ | 1,275 |  |  | $ | 45 |  |  | $ | 46 | 
|                       |  | Munchkin Transit Inc            |  |                                                     |   |                 |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60  | % |           | $ | 0 |           |  | $ | 1,275 |  |  | $ | 45 |  |  | $ | 46 | 
|                       |  | Rus Cab Corp                    |  |                                                     |   |                 |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60  | % |           | $ | 0 |           |  | $ | 1,275 |  |  | $ | 45 |  |  | $ | 46 | 
|                       |  | Specter Cab Corp                |  |                                                     |   |                 |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60  | % |           | $ | 0 |           |  | $ | 1,275 |  |  | $ | 45 |  |  | $ | 46 | 
|                       |  | Tate Cab Corp                   |  |                                                     |   |                 |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60  | % |           | $ | 0 |           |  | $ | 1,275 |  |  | $ | 45 |  |  | $ | 46 | 
|                       |  | W Sar Trans Corp                |  |                                                     |   |                 |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60  | % |           | $ | 0 |           |  | $ | 1,275 |  |  | $ | 45 |  |  | $ | 46 | 
|                       |  | W Lol Trans Corp                |  |                                                     |   |                 |  | Term loan    |  | 03/23/11    |  | 12/08/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 3.60  | % |           | $ | 0 |           |  | $ | 1,275 |  |  | $ | 45 |  |  | $ | 46 | 
|                       |  | Calcium One Service Inc         |  |                                                     |   |                 |  | Term loan    |  | 02/23/07    |  | 02/23/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.40  | % |           | $ | 0 |           |  |   |       |  |  | $ | 46 |  |  | $ | 46 | 
|                       |  | Ny Diploma Taxi Co              |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75  | % |           | $ | 0 |           |  |   |       |  |  | $ | 46 |  |  | $ | 46 | 
|                       |  | Batch-Bootch Express Cab/Mbnk   |  |                                                     |   |                 |  | Term loan    |  | 03/14/11    |  | 03/28/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.26  | % |           | $ | 0 |           |  | $ | 43    |  |  | $ | 43 |  |  | $ | 42 | 
|                       |  | Bento Trans Corp/Mbnk           |  |                                                     |   |                 |  | Term loan    |  | 03/14/11    |  | 03/28/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.66  | % |           | $ | 0 |           |  | $ | 43    |  |  | $ | 43 |  |  | $ | 42 | 
|                       |  | Nili Trans Corp/Mbnk            |  |                                                     |   |                 |  | Term loan    |  | 03/14/11    |  | 03/28/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.66  | % |           | $ | 0 |           |  | $ | 43    |  |  | $ | 43 |  |  | $ | 42 | 
|                       |  | Niroosh Express Cab Corp/Mbnk   |  |                                                     |   |                 |  | Term loan    |  | 03/14/11    |  | 03/28/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.66  | % |           | $ | 0 |           |  | $ | 43    |  |  | $ | 43 |  |  | $ | 42 | 
|                       |  | Sharon Express Cab C            |  |                                                     |   |                 |  | Term loan    |  | 03/14/11    |  | 03/28/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.26  | % |           | $ | 0 |           |  | $ | 43    |  |  | $ | 43 |  |  | $ | 42 | 
|                       |  | Nosea Taxi Llc                  |  |                                                     |   |                 |  | Term loan    |  | 01/06/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  | $ | 750   |  |  | $ | 38 |  |  | $ | 39 | 
|                       |  | Zahav Taxi Llc                  |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  |   |       |  |  | $ | 38 |  |  | $ | 39 | 
|                       |  | Ravinder Singh & M Multani /Mbk |  |                                                     |   |                 |  | Term loan    |  | 06/02/11    |  | 06/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 10.43 | % |           | $ | 0 |           |  | $ | 40    |  |  | $ | 39 |  |  | $ | 39 | 
|                       |  | Humidity Hacking Corp           |  |                                                     |   |                 |  | Term loan    |  | 10/21/10    |  | 12/22/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.35  | % |           | $ | 0 |           |  |   |       |  |  | $ | 37 |  |  | $ | 39 | 
|                       |  | Binh Pham                       |  |                                                     | # | #               |  | Term loan    |  | 05/18/11    |  | 05/18/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 10.00 | % |           | $ | 0 |           |  | $ | 37    |  |  | $ | 36 |  |  | $ | 38 | 
|                       |  | Bursa Cab Corp/Note 2           |  |                                                     |   |                 |  | Term loan    |  | 03/23/01    |  | 09/10/23 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00  | % |           | $ | 0 |           |  |   |       |  |  | $ | 38 |  |  | $ | 38 | 
|                       |  | Julia Rose Hacking Corp./Mbank  |  |                                                     |   |                 |  | Term loan    |  | 10/21/10    |  | 12/22/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.73  | % |           | $ | 0 |           |  |   |       |  |  | $ | 38 |  |  | $ | 38 | 
|                       |  | Mercedes Hacking Corp           |  |                                                     |   |                 |  | Term loan    |  | 05/04/10    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.07  | % |           | $ | 0 |           |  |   |       |  |  | $ | 41 |  |  | $ | 37 | 
|                       |  | Amr & Rina Taxi Inc             |  |                                                     | # | #               |  | Term loan    |  | 09/27/11    |  | 09/27/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00  | % |           | $ | 0 |           |  | $ | 35    |  |  | $ | 34 |  |  | $ | 36 | 
|                       |  | Claude Michael Lessage          |  |                                                     |   |                 |  | Term loan    |  | 06/10/11    |  | 06/10/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.71  | % |           | $ | 0 |           |  | $ | 35    |  |  | $ | 35 |  |  | $ | 34 | 
|                       |  | Travis R Bazile & Jean Exinvil  |  |                                                     |   |                 |  | Term loan    |  | 10/06/10    |  | 10/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.58  | % |           | $ | 0 |           |  |   |       |  |  | $ | 35 |  |  | $ | 34 | 
|                       |  | Y.A.M. Associates Corp          |  |                                                     |   |                 |  | Term loan    |  | 11/14/11    |  | 05/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00  | % |           | $ | 0 |           |  | $ | 34    |  |  | $ | 32 |  |  | $ | 34 | 
|                       |  | Neer Cab Corp/Mbnk              |  |                                                     |   |                 |  | Term loan    |  | 10/21/10    |  | 12/22/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.73  | % |           | $ | 0 |           |  |   |       |  |  | $ | 33 |  |  | $ | 33 | 
|                       |  | M.M.Y Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 01/11/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  | $ | 600   |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | N&A Taxi Inc                    |  |                                                     |   |                 |  | Term loan    |  | 01/11/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  | $ | 600   |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | S&M Taxi Inc                    |  |                                                     |   |                 |  | Term loan    |  | 01/11/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  | $ | 600   |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Mati Taxi Inc                 |  |                                                     |   |                 |  | Term loan    |  | 01/11/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  | $ | 600   |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Michal Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 01/11/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  | $ | 600   |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Gerard G Tema                   |  |                                                     |   |                 |  | Term loan    |  | 12/06/10    |  | 12/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50  | % |           | $ | 0 |           |  |   |       |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Mike Taxi Inc                 |  |                                                     |   |                 |  | Term loan    |  | 01/06/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  | $ | 600   |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Meir Taxi Inc                 |  |                                                     |   |                 |  | Term loan    |  | 01/11/11    |  | 01/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  | $ | 600   |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Elias Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 04/14/08    |  | 04/14/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25  | % |           | $ | 0 |           |  |   |       |  |  | $ | 32 |  |  | $ | 32 | 
|                       |  | Atlas Agami Cab Corp            |  |                                                     |   |                 |  | Term loan    |  | 05/25/11    |  | 06/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.00  | % |           | $ | 0 |           |  | $ | 550   |  |  | $ | 27 |  |  | $ | 29 | 
|                       |  | Columbia Agami Cab Corp         |  |                                                     |   |                 |  | Term loan    |  | 05/25/11    |  | 06/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.00  | % |           | $ | 0 |           |  | $ | 550   |  |  | $ | 27 |  |  | $ | 29 | 
|                       |  | Mohammed Abdu & H Hedru/Mbank   |  |                                                     |   |                 |  | Term loan    |  | 08/11/06    |  | 08/04/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.01  | % |           | $ | 0 |           |  |   |       |  |  | $ | 27 |  |  | $ | 27 | 
|                       |  | Dominique Ismael &              |  |                                                     |   |                 |  | Term loan    |  | 11/15/10    |  | 11/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50  | % |           | $ | 0 |           |  |   |       |  |  | $ | 26 |  |  | $ | 27 | 
|                       |  | Barth Taxi Llc/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 11/24/10    |  | 11/24/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50  | % |           | $ | 0 |           |  |   |       |  |  | $ | 26 |  |  | $ | 26 | 
|                       |  | Brandon Taxi Llc/Mbank          |  |                                                     |   |                 |  | Term loan    |  | 11/24/10    |  | 11/24/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50  | % |           | $ | 0 |           |  |   |       |  |  | $ | 26 |  |  | $ | 26 | 
|                       |  | Jaspal Singh/Mbank              |  |                                                     |   |                 |  | Term loan    |  | 10/27/10    |  | 10/27/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00  | % |           | $ | 0 |           |  |   |       |  |  | $ | 25 |  |  | $ | 25 | 
|                       |  | Pikada Transit Inc/Mbank        |  |                                                     |   |                 |  | Term loan    |  | 12/08/09    |  | 12/22/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.72  | % |           | $ | 0 |           |  |   |       |  |  | $ | 26 |  |  | $ | 25 | 
|                       |  | Trojan Cab Corp/Mbank           |  |                                                     |   |                 |  | Term loan    |  | 12/08/09    |  | 12/22/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.72  | % |           | $ | 0 |           |  |   |       |  |  | $ | 26 |  |  | $ | 25 | 
|                       |  | Trylon Transit Inc/Mbank        |  |                                                     |   |                 |  | Term loan    |  | 12/08/09    |  | 12/22/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.72  | % |           | $ | 0 |           |  |   |       |  |  | $ | 26 |  |  | $ | 25 | 
|                       |  | Yegal Express Cab Co/Mbank      |  |                                                     |   |                 |  | Term loan    |  | 11/10/10    |  | 11/10/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 10.13 | % |           | $ | 0 |           |  |   |       |  |  | $ | 24 |  |  | $ | 24 | 
|                       |  | Rigoberto Farciert/Mbank        |  |                                                     |   |                 |  | Term loan    |  | 04/08/10    |  | 04/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25  | % |           | $ | 0 |           |  |   |       |  |  | $ | 24 |  |  | $ | 24 | 
|                       |  | Guy Fouyolle                    |  |                                                     | # | #               |  | Term loan    |  | 08/18/11    |  | 08/18/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75  | % |           | $ | 0 |           |  | $ | 23    |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Mry Taxi Inc                    |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  |   |       |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Ronen Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  |   |       |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Opera Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |           | $ | 0 |           |  |   |       |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Lakhbir Sing & Kuldi            |  |                                                     | # | #               |  | Term loan    |  | 08/17/98    |  | 12/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.85  | % |           | $ | 0 |           |  |   |       |  |  | $ | 22 |  |  | $ | 22 | 
|                       |  | Tyme Cab Corp                   |  |                                                     |   |                 |  | Term loan    |  | 04/04/06    |  | 04/15/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50  | % |           | $ | 0 |           |  |   |       |  |  | $ | 22 |  |  | $ | 22 | 
|                       |  | Nobert Auguste &                |  |                                                     |   |                 |  | Term loan    |  | 09/01/11    |  | 09/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 14.00 | % |           | $ | 0 |           |  | $ | 18    |  |  | $ | 17 |  |  | $ | 19 | 
|                       |  | Harpal S Bhola & Sukhdev Singh  |  |                                                     |   |                 |  | Term loan    |  | 07/24/09    |  | 07/23/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00  | % |           | $ | 0 |           |  |   |       |  |  | $ | 19 |  |  | $ | 19 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |     |                  |  |  |                     |   |  |                                    |      |   |          |   |   |           |  |   |        |  |  |   |        |  |  |   |        | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | --- | ---------------- |  |  | ------------------- | - |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |     | InterestRate (1) |  |  | CapitalizedInterest |   |  | OriginalCost of2011Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Redouan Laghiti/Mbnk           |  |                                                     |   |                 |  | Term loan    |  | 12/05/08    |  | 08/26/16 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.32 | % |          | $ | 0 |           |  |   |        |  |  | $ | 19     |  |  | $ | 19     | 
|                       |  | Edward Weber                   |  |                                                     |   |                 |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 4.75 | % |          | $ | 0 |           |  | $ | 329    |  |  | $ | 17     |  |  | $ | 19     | 
|                       |  | Seide Venord/Mbank             |  |                                                     |   |                 |  | Term loan    |  | 04/23/10    |  | 04/23/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |        |  |  | $ | 19     |  |  | $ | 19     | 
|                       |  | 2 Brothers Cab Corp            |  |                                                     |   |                 |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 405    |  |  | $ | 16     |  |  | $ | 18     | 
|                       |  | Abi Cab Corp                   |  |                                                     |   |                 |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 3.75 | % |          | $ | 0 |           |  | $ | 405    |  |  | $ | 16     |  |  | $ | 18     | 
|                       |  | West Express Cab Corp/Nt 2/Mbk |  |                                                     |   |                 |  | Term loan    |  | 03/19/10    |  | 07/28/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.93 | % |          | $ | 0 |           |  |   |        |  |  | $ | 20     |  |  | $ | 18     | 
|                       |  | Headway Transportation Inc     |  |                                                     |   |                 |  | Term loan    |  | 09/26/11    |  | 09/26/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 17     |  |  | $ | 16     |  |  | $ | 18     | 
|                       |  | Strivers Way Inc               |  |                                                     |   |                 |  | Term loan    |  | 09/26/11    |  | 09/26/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 17     |  |  | $ | 16     |  |  | $ | 18     | 
|                       |  | Brent Cab Corp                 |  |                                                     |   |                 |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |        |  |  | $ | 17     |  |  | $ | 17     | 
|                       |  | Ricky Cab Corp                 |  |                                                     |   |                 |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |        |  |  | $ | 17     |  |  | $ | 17     | 
|                       |  | Caddie Service Co I            |  |                                                     |   |                 |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |        |  |  | $ | 17     |  |  | $ | 17     | 
|                       |  | King Ralph Taxi Corp           |  |                                                     |   |                 |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |        |  |  | $ | 17     |  |  | $ | 17     | 
|                       |  | Doreen Express Cab Corp/Mbank  |  |                                                     |   |                 |  | Term loan    |  | 03/22/10    |  | 03/22/20 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |        |  |  | $ | 16     |  |  | $ | 15     | 
|                       |  | Jean M Venord/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 02/11/10    |  | 02/10/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.13 | % |          | $ | 0 |           |  |   |        |  |  | $ | 15     |  |  | $ | 15     | 
|                       |  | Gurnam Singh/Mbank             |  |                                                     |   |                 |  | Term loan    |  | 08/23/10    |  | 08/23/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.87 | % |          | $ | 0 |           |  |   |        |  |  | $ | 14     |  |  | $ | 14     | 
|                       |  | Erwich Chery                   |  |                                                     |   |                 |  | Term loan    |  | 11/14/11    |  | 11/14/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 12     |  |  | $ | 11     |  |  | $ | 14     | 
|                       |  | Adam Vlahakis/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 10/23/09    |  | 10/23/12 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.78 | % |          | $ | 0 |           |  |   |        |  |  | $ | 12     |  |  | $ | 12     | 
|                       |  | Humyoun Kabir/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 08/18/10    |  | 08/16/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.17 | % |          | $ | 0 |           |  |   |        |  |  | $ | 14     |  |  | $ | 12     | 
|                       |  | Wagon Service Corp             |  |                                                     |   |                 |  | Term loan    |  | 05/14/10    |  | 05/14/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |        |  |  | $ | 6      |  |  | $ | 7      | 
|                       |  | West Express Cab Corp/Nt 1/Mbk |  |                                                     |   |                 |  | Term loan    |  | 03/19/10    |  | 07/28/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.87 | % |          | $ | 0 |           |  |   |        |  |  | $ | 6      |  |  | $ | 6      | 
|                       |  | Jamcie Service Co Inc/Mbank    |  |                                                     |   |                 |  | Term loan    |  | 06/29/09    |  | 07/28/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.80 | % |          | $ | 0 |           |  |   |        |  |  | $ | 5      |  |  | $ | 5      | 
|                       |  | Wilfrid Barreau                |  |                                                     |   |                 |  | Term loan    |  | 12/29/09    |  | 12/29/12 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |        |  |  | $ | 5      |  |  | $ | 5      | 
|                       |  | Jorge R Sahad/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 04/27/10    |  | 04/27/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.34 | % |          | $ | 0 |           |  |   |        |  |  | $ | 5      |  |  | $ | 4      | 
|                       |  | Two Filoi Taxi Inc             |  |                                                     |   |                 |  | Term loan    |  | 01/15/04    |  | 01/15/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |        |  |  | $ | 3      |  |  | $ | 3      | 
|Chicago                |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  | 136 |                  |  |  | 20                  | % |  |                                    | 5.79 | % |          | $ | 0 |           |  | $ | 35,709 |  |  | $ | 34,200 |  |  | $ | 34,352 | 
|                       |  | Cozy Cab Et Al                 |  |                                                     | # | #               |  | Term loan    |  | 12/22/11    |  | 12/22/14 |               |  | 1   |                  |  |  | 2                   | % |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 3,031  |  |  | $ | 3,031  |  |  | $ | 2,999  | 
|                       |  | Sweetgrass Peach &Chadwick Cap |  |                                                     | # | #               |  | Term loan    |  | 11/23/11    |  | 11/23/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 1,530  |  |  | $ | 1,525  |  |  | $ | 1,527  | 
|                       |  | Chicago Medallion Four Llc     |  |                                                     | # | #               |  | Term loan    |  | 12/02/11    |  | 12/02/16 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 975    |  |  | $ | 975    |  |  | $ | 977    | 
|                       |  | Chicago Medallion One Llc      |  |                                                     | # | #               |  | Term loan    |  | 12/02/11    |  | 12/02/16 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 975    |  |  | $ | 975    |  |  | $ | 977    | 
|                       |  | Chicago Medallion Three Llc    |  |                                                     | # | #               |  | Term loan    |  | 12/02/11    |  | 12/02/16 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 975    |  |  | $ | 975    |  |  | $ | 977    | 
|                       |  | Chicago Medallion Two Llc      |  |                                                     | # | #               |  | Term loan    |  | 12/02/11    |  | 12/02/16 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 975    |  |  | $ | 975    |  |  | $ | 977    | 
|                       |  | Blue Eyes Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 08/02/11    |  | 08/02/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 870    |  |  | $ | 863    |  |  | $ | 864    | 
|                       |  | Lucky Seven Chicago One Inc    |  |                                                     | # | #               |  | Term loan    |  | 08/02/11    |  | 08/02/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 870    |  |  | $ | 863    |  |  | $ | 864    | 
|                       |  | Chicago Medallion Nine Llc     |  |                                                     | # | #               |  | Term loan    |  | 05/19/10    |  | 05/19/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |        |  |  | $ | 747    |  |  | $ | 748    | 
|                       |  | Hudson Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 08/16/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 750    |  |  | $ | 746    |  |  | $ | 748    | 
|                       |  | Harriet C Inc                  |  |                                                     | # | #               |  | Term loan    |  | 10/25/11    |  | 10/25/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.70 | % |          | $ | 0 |           |  | $ | 729    |  |  | $ | 727    |  |  | $ | 729    | 
|                       |  | Santorini Five Cab Corp        |  |                                                     | # | #               |  | Term loan    |  | 10/11/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 601    |  |  | $ | 599    |  |  | $ | 601    | 
|                       |  | Santorini Four Cab Corp        |  |                                                     | # | #               |  | Term loan    |  | 10/11/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 601    |  |  | $ | 599    |  |  | $ | 601    | 
|                       |  | Tribeca Two Cab Corp           |  |                                                     | # | #               |  | Term loan    |  | 10/11/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 601    |  |  | $ | 599    |  |  | $ | 601    | 
|                       |  | Deka Cab Corp (Chicago)        |  |                                                     | # | #               |  | Term loan    |  | 10/11/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 601    |  |  | $ | 599    |  |  | $ | 601    | 
|                       |  | Santorini Six Cab Corp         |  |                                                     | # | #               |  | Term loan    |  | 08/16/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 600    |  |  | $ | 597    |  |  | $ | 599    | 
|                       |  | Deka Three Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 08/16/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 600    |  |  | $ | 597    |  |  | $ | 598    | 
|                       |  | Santorini Two Cab Corp         |  |                                                     | # | #               |  | Term loan    |  | 08/16/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 600    |  |  | $ | 597    |  |  | $ | 598    | 
|                       |  | Tribeca Three Cab Corp         |  |                                                     | # | #               |  | Term loan    |  | 08/16/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 600    |  |  | $ | 597    |  |  | $ | 598    | 
|                       |  | Stny Taxi Corp                 |  |                                                     | # | #               |  | Term loan    |  | 08/16/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 600    |  |  | $ | 597    |  |  | $ | 598    | 
|                       |  | Mike Taxi Corp                 |  |                                                     | # | #               |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 538    |  |  | $ | 530    |  |  | $ | 531    | 
|                       |  | Natalia Taxi Corp              |  |                                                     | # | #               |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 536    |  |  | $ | 529    |  |  | $ | 530    | 
|                       |  | M&N 5th Avenue Hacking Corp    |  |                                                     | # | #               |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 480    |  |  | $ | 473    |  |  | $ | 474    | 
|                       |  | Blue Valentine Cab Corp        |  |                                                     |   |                 |  | Term loan    |  | 12/22/10    |  | 10/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |        |  |  | $ | 424    |  |  | $ | 426    | 
|                       |  | Tumblin Dice Taxi Inc          |  |                                                     |   |                 |  | Term loan    |  | 12/22/10    |  | 10/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |        |  |  | $ | 424    |  |  | $ | 426    | 
|                       |  | Moo Moo Cab Co                 |  |                                                     | # | #               |  | Term loan    |  | 12/27/10    |  | 10/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |        |  |  | $ | 413    |  |  | $ | 414    | 
|                       |  | 6920 Cab Co                    |  |                                                     | # | #               |  | Term loan    |  | 12/02/09    |  | 12/02/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.90 | % |          | $ | 0 |           |  |   |        |  |  | $ | 357    |  |  | $ | 357    | 
|                       |  | Rahwa & Bros Cab Co            |  |                                                     | # | #               |  | Term loan    |  | 11/01/11    |  | 11/01/16 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 342    |  |  | $ | 341    |  |  | $ | 343    | 
|                       |  | Musanour Cab Inc               |  |                                                     | # | #               |  | Term loan    |  | 12/16/11    |  | 12/16/16 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 330    |  |  | $ | 330    |  |  | $ | 332    | 
|                       |  | Good Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 05/23/11    |  | 05/23/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 300    |  |  | $ | 297    |  |  | $ | 299    | 
|                       |  | American Buffalo Cab Corp      |  |                                                     |   |                 |  | Term loan    |  | 12/22/10    |  | 10/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |        |  |  | $ | 283    |  |  | $ | 284    | 
|                       |  | Deka Two Cab Corp              |  |                                                     | # | #               |  | Term loan    |  | 11/29/10    |  | 11/29/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |        |  |  | $ | 281    |  |  | $ | 282    | 
|                       |  | Chicago Medallion Seven Llc    |  |                                                     | # | #               |  | Term loan    |  | 04/29/05    |  | 05/05/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |        |  |  | $ | 277    |  |  | $ | 277    | 
|                       |  | Glendale Taxi Llc              |  |                                                     | # | #               |  | Term loan    |  | 12/02/10    |  | 12/02/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |        |  |  | $ | 272    |  |  | $ | 273    | 





---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |           |   |   |           |  |   |       |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | --------- | - | - | --------- |  | - | ----- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2011Acquisitions(5) |      |   | Cost 
(4) |   |   | FairValue | 
|                       |  | Newcastle Taxi Llc             |  |                                                     | # | #               |  | Term loan    |  | 12/01/10    |  | 12/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 272 |  |  | $ | 273 | 
|                       |  | Marbella Taxi Llc              |  |                                                     | # | #               |  | Term loan    |  | 11/04/10    |  | 11/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 271 |  |  | $ | 273 | 
|                       |  | Manchester Taxi Llc            |  |                                                     | # | #               |  | Term loan    |  | 12/13/10    |  | 12/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 271 |  |  | $ | 272 | 
|                       |  | Lmb Taxi V Inc                 |  |                                                     | # | #               |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |           | $ | 0 |           |  | $ | 275   |  |  | $ | 271 |  |  | $ | 272 | 
|                       |  | Lmb Taxi Iv Inc                |  |                                                     | # | #               |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |           | $ | 0 |           |  | $ | 275   |  |  | $ | 271 |  |  | $ | 272 | 
|                       |  | Illinois Taxi Llc              |  |                                                     | # | #               |  | Term loan    |  | 11/09/10    |  | 11/09/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 271 |  |  | $ | 272 | 
|                       |  | Leeds Taxi Llc                 |  |                                                     | # | #               |  | Term loan    |  | 10/01/10    |  | 10/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 271 |  |  | $ | 272 | 
|                       |  | Liverpool Taxi Llc             |  |                                                     | # | #               |  | Term loan    |  | 10/22/10    |  | 10/22/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 270 |  |  | $ | 272 | 
|                       |  | Chicago Seven Inc              |  |                                                     |   |                 |  | Term loan    |  | 08/03/11    |  | 08/03/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |           | $ | 0 |           |  | $ | 3,625 |  |  | $ | 258 |  |  | $ | 259 | 
|                       |  | Eemahn Cab Co & Ashkahn Inc    |  |                                                     | # | #               |  | Term loan    |  | 09/20/10    |  | 09/20/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 242 |  |  | $ | 244 | 
|                       |  | Showcase Sports Management Cor |  |                                                     | # | #               |  | Term loan    |  | 01/22/10    |  | 01/22/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 238 |  |  | $ | 238 | 
|                       |  | Achakus Inc/Mbank              |  |                                                     |   |                 |  | Term loan    |  | 01/28/11    |  | 01/28/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |           | $ | 0 |           |  | $ | 214   |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  | Jbl Express Ii Inc             |  |                                                     |   |                 |  | Term loan    |  | 11/04/11    |  | 11/04/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |           | $ | 0 |           |  | $ | 195   |  |  | $ | 192 |  |  | $ | 194 | 
|                       |  | Carol Of Illinois Enterprises  |  |                                                     |   |                 |  | Term loan    |  | 03/11/11    |  | 03/11/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  | $ | 189   |  |  | $ | 183 |  |  | $ | 185 | 
|                       |  | Malaga Taxi Llc                |  |                                                     | # | #               |  | Term loan    |  | 04/15/11    |  | 04/15/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |           | $ | 0 |           |  | $ | 175   |  |  | $ | 172 |  |  | $ | 174 | 
|                       |  | Michael Two Cab Corp           |  |                                                     | # | #               |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |           | $ | 0 |           |  | $ | 172   |  |  | $ | 169 |  |  | $ | 171 | 
|                       |  | Aniba Management & Services In |  |                                                     | # | #               |  | Term loan    |  | 12/16/11    |  | 12/16/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |           | $ | 0 |           |  | $ | 165   |  |  | $ | 165 |  |  | $ | 167 | 
|                       |  | Alex Z Cab Corp                |  |                                                     |   |                 |  | Term loan    |  | 12/01/11    |  | 12/01/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  | $ | 159   |  |  | $ | 158 |  |  | $ | 160 | 
|                       |  | Tad Taxi Co                    |  |                                                     |   |                 |  | Term loan    |  | 12/01/11    |  | 12/01/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  | $ | 159   |  |  | $ | 158 |  |  | $ | 160 | 
|                       |  | Harris 6741 Inc                |  |                                                     |   |                 |  | Term loan    |  | 03/02/11    |  | 03/02/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 158   |  |  | $ | 155 |  |  | $ | 156 | 
|                       |  | Asmara Cab Company             |  |                                                     | # | #               |  | Term loan    |  | 12/01/11    |  | 12/01/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  | $ | 150   |  |  | $ | 150 |  |  | $ | 152 | 
|                       |  | Tasha Ride Inc                 |  |                                                     |   |                 |  | Term loan    |  | 03/15/11    |  | 03/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 153   |  |  | $ | 150 |  |  | $ | 152 | 
|                       |  | Semhar Corp                    |  |                                                     | # | #               |  | Term loan    |  | 10/20/11    |  | 10/20/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  | $ | 150   |  |  | $ | 149 |  |  | $ | 151 | 
|                       |  | Deka Cab Corp (Chicago)        |  |                                                     | # | #               |  | Term loan    |  | 08/16/11    |  | 08/16/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  | $ | 150   |  |  | $ | 149 |  |  | $ | 151 | 
|                       |  | Shere Corp                     |  |                                                     | # | #               |  | Term loan    |  | 06/14/11    |  | 06/14/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 150   |  |  | $ | 148 |  |  | $ | 150 | 
|                       |  | Tahoora Transportation Inc.    |  |                                                     | # | #               |  | Term loan    |  | 06/14/11    |  | 06/14/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 150   |  |  | $ | 148 |  |  | $ | 150 | 
|                       |  | Little Wing Cab Corp           |  |                                                     |   |                 |  | Term loan    |  | 04/15/11    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  | $ | 144   |  |  | $ | 143 |  |  | $ | 144 | 
|                       |  | Lemlemu Inc                    |  |                                                     |   |                 |  | Term loan    |  | 03/11/11    |  | 03/11/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 145   |  |  | $ | 142 |  |  | $ | 143 | 
|                       |  | Zeyrefda Inc                   |  |                                                     |   |                 |  | Term loan    |  | 11/15/10    |  | 11/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 141 |  |  | $ | 143 | 
|                       |  | Little Wing Cab Corp           |  |                                                     |   |                 |  | Term loan    |  | 12/22/10    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 142 |  |  | $ | 143 | 
|                       |  | Osa Corp Of Chicago Inc        |  |                                                     | # | #               |  | Term loan    |  | 04/28/11    |  | 04/28/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 150   |  |  | $ | 141 |  |  | $ | 143 | 
|                       |  | Carol Of Illinois Enterprises  |  |                                                     | # | #               |  | Term loan    |  | 08/12/11    |  | 08/12/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  | $ | 140   |  |  | $ | 139 |  |  | $ | 141 | 
|                       |  | Ultra Investment Corp          |  |                                                     | # | #               |  | Term loan    |  | 03/22/11    |  | 03/22/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 140   |  |  | $ | 137 |  |  | $ | 138 | 
|                       |  | Tedom Inc                      |  |                                                     |   |                 |  | Term loan    |  | 02/14/11    |  | 02/14/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 140   |  |  | $ | 137 |  |  | $ | 138 | 
|                       |  | Malaga Taxi Llc                |  |                                                     | # | #               |  | Term loan    |  | 11/02/10    |  | 11/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 135 |  |  | $ | 136 | 
|                       |  | Significant Trans Inc          |  |                                                     |   |                 |  | Term loan    |  | 03/15/11    |  | 03/15/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |           | $ | 0 |           |  | $ | 137   |  |  | $ | 134 |  |  | $ | 136 | 
|                       |  | Jatt Inc                       |  |                                                     |   |                 |  | Term loan    |  | 02/23/11    |  | 02/23/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 136   |  |  | $ | 133 |  |  | $ | 134 | 
|                       |  | Annabelle Cab Corporation      |  |                                                     | # | #               |  | Term loan    |  | 12/29/10    |  | 12/29/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 131 |  |  | $ | 132 | 
|                       |  | Mekleteelsa Inc                |  |                                                     |   |                 |  | Term loan    |  | 01/27/11    |  | 01/27/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 135   |  |  | $ | 130 |  |  | $ | 132 | 
|                       |  | Alem B Cab Inc                 |  |                                                     | # | #               |  | Term loan    |  | 12/09/10    |  | 12/09/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 130 |  |  | $ | 132 | 
|                       |  | Three Kids Corp                |  |                                                     |   |                 |  | Term loan    |  | 10/05/11    |  | 10/05/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  | $ | 130   |  |  | $ | 129 |  |  | $ | 131 | 
|                       |  | Bedford Cab Two Corp           |  |                                                     |   |                 |  | Term loan    |  | 07/30/10    |  | 08/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 127 |  |  | $ | 128 | 
|                       |  | Imc Cab Corp                   |  |                                                     |   |                 |  | Term loan    |  | 08/27/10    |  | 09/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 126 |  |  | $ | 127 | 
|                       |  | Interwoodex Inc                |  |                                                     | # | #               |  | Term loan    |  | 11/02/10    |  | 11/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 126 |  |  | $ | 127 | 
|                       |  | Kayla Hacking Corp             |  |                                                     | # | #               |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |           | $ | 0 |           |  | $ | 128   |  |  | $ | 126 |  |  | $ | 127 | 
|                       |  | Karbala Express Inc            |  |                                                     |   |                 |  | Term loan    |  | 08/02/10    |  | 08/02/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 125 |  |  | $ | 126 | 
|                       |  | Alexandra School Cor           |  |                                                     | # | #               |  | Term loan    |  | 06/15/10    |  | 06/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 121 |  |  | $ | 126 | 
|                       |  | Taxi For Less Inc              |  |                                                     |   |                 |  | Term loan    |  | 07/21/10    |  | 07/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.90 | % |           | $ | 0 |           |  |   |       |  |  | $ | 125 |  |  | $ | 126 | 
|                       |  | M And L Taxi Corp              |  |                                                     |   |                 |  | Term loan    |  | 07/30/10    |  | 07/30/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 122 |  |  | $ | 123 | 
|                       |  | Jpg Cab Corp                   |  |                                                     |   |                 |  | Term loan    |  | 08/02/10    |  | 08/02/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.25 | % |           | $ | 0 |           |  |   |       |  |  | $ | 121 |  |  | $ | 122 | 
|                       |  | Adi Express Inc                |  |                                                     |   |                 |  | Term loan    |  | 08/03/10    |  | 08/03/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 119 |  |  | $ | 121 | 
|                       |  | Delina Cab Inc                 |  |                                                     |   |                 |  | Term loan    |  | 12/21/10    |  | 12/21/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 119 |  |  | $ | 121 | 
|                       |  | Yenemekoya Inc                 |  |                                                     |   |                 |  | Term loan    |  | 12/21/10    |  | 12/21/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 119 |  |  | $ | 121 | 
|                       |  | Asmara Inc                     |  |                                                     |   |                 |  | Term loan    |  | 07/21/10    |  | 07/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.88 | % |           | $ | 0 |           |  |   |       |  |  | $ | 117 |  |  | $ | 118 | 
|                       |  | Kale Trans Inc                 |  |                                                     | # | #               |  | Term loan    |  | 09/23/10    |  | 09/23/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 114 |  |  | $ | 116 | 
|                       |  | Nour Enterprise Inc            |  |                                                     | # | #               |  | Term loan    |  | 03/10/10    |  | 03/10/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 114 |  |  | $ | 115 | 
|                       |  | Measho Cab Corp                |  |                                                     |   |                 |  | Term loan    |  | 06/16/11    |  | 06/16/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |           | $ | 0 |           |  | $ | 113   |  |  | $ | 111 |  |  | $ | 113 | 
|                       |  | Alireza Ajideh                 |  |                                                     | # | #               |  | Term loan    |  | 11/25/09    |  | 11/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.90 | % |           | $ | 0 |           |  |   |       |  |  | $ | 113 |  |  | $ | 113 | 
|                       |  | Pireas Taxi Corp               |  |                                                     | # | #               |  | Term loan    |  | 07/20/09    |  | 07/20/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.63 | % |           | $ | 0 |           |  |   |       |  |  | $ | 105 |  |  | $ | 106 | 
|                       |  | Paik Cab Co                    |  |                                                     |   |                 |  | Term loan    |  | 05/26/10    |  | 05/26/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 102 |  |  | $ | 103 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |     |                  |  |  |                     |   |  |                                    |       |   |          |   |   |           |  |   |       |  |  |   |        |  |  |   |        | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | --- | ---------------- |  |  | ------------------- | - |  | ---------------------------------- | ----- | - | -------- | - | - | --------- |  | - | ----- |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |     | InterestRate (1) |  |  | CapitalizedInterest |   |  | OriginalCost of2011Acquisitions(5) |       |   | Cost (4) |   |   | FairValue | 
|                       |  | Sny Cab Inc                    |  |                                                     | # | #               |  | Term loan    |  | 12/14/11    |  | 12/14/16 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00  | % |          | $ | 0 |           |  | $ | 100   |  |  | $ | 100    |  |  | $ | 102    | 
|                       |  | Mikhalia Cabs Nine Inc         |  |                                                     | # | #               |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 96    |  |  | $ | 95     |  |  | $ | 96     | 
|                       |  | Valasia Cab Co                 |  |                                                     |   |                 |  | Term loan    |  | 04/08/09    |  | 03/10/12 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.63  | % |          | $ | 0 |           |  |   |       |  |  | $ | 94     |  |  | $ | 94     | 
|                       |  | Tigray Cab Inc                 |  |                                                     |   |                 |  | Term loan    |  | 12/03/10    |  | 12/03/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 92     |  |  | $ | 94     | 
|                       |  | Nakfa Corp                     |  |                                                     |   |                 |  | Term loan    |  | 07/30/10    |  | 07/30/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 92     |  |  | $ | 93     | 
|                       |  | Addis Flower Taxi Cab Service  |  |                                                     |   |                 |  | Term loan    |  | 05/23/11    |  | 05/23/16 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50  | % |          | $ | 0 |           |  | $ | 90    |  |  | $ | 88     |  |  | $ | 90     | 
|                       |  | Che Ju Cab Co Ii               |  |                                                     | # | #               |  | Term loan    |  | 12/22/08    |  | 12/18/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.00  | % |          | $ | 0 |           |  |   |       |  |  | $ | 78     |  |  | $ | 78     | 
|                       |  | Antar Trans Inc                |  |                                                     |   |                 |  | Term loan    |  | 02/23/11    |  | 02/23/16 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50  | % |          | $ | 0 |           |  | $ | 75    |  |  | $ | 73     |  |  | $ | 75     | 
|                       |  | Tyrone Henderson               |  |                                                     |   |                 |  | Term loan    |  | 11/21/11    |  | 11/21/16 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.25  | % |          | $ | 0 |           |  | $ | 64    |  |  | $ | 64     |  |  | $ | 66     | 
|                       |  | New Flower Inc                 |  |                                                     | # | #               |  | Term loan    |  | 12/13/10    |  | 12/13/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 57     |  |  | $ | 59     | 
|                       |  | Any Cab Corp                   |  |                                                     |   |                 |  | Term loan    |  | 10/11/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 902   |  |  | $ | 46     |  |  | $ | 48     | 
|                       |  | N And M Valdof Hacking Corp    |  |                                                     |   |                 |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 596   |  |  | $ | 46     |  |  | $ | 47     | 
|                       |  | Natasha Transportation Inc     |  |                                                     |   |                 |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 538   |  |  | $ | 42     |  |  | $ | 43     | 
|                       |  | Chicago Jacal Hacking Corp     |  |                                                     |   |                 |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 535   |  |  | $ | 42     |  |  | $ | 43     | 
|                       |  | Oia Cab Corp                   |  |                                                     |   |                 |  | Term loan    |  | 08/16/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 750   |  |  | $ | 40     |  |  | $ | 41     | 
|                       |  | Saleem Inc & Jeff Cab Co       |  |                                                     | # | #               |  | Term loan    |  | 10/17/08    |  | 10/15/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 34     |  |  | $ | 34     | 
|                       |  | Laight Taxi Corp               |  |                                                     |   |                 |  | Term loan    |  | 08/16/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 600   |  |  | $ | 32     |  |  | $ | 33     | 
|                       |  | Madison Cab Corp               |  |                                                     |   |                 |  | Term loan    |  | 08/16/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 600   |  |  | $ | 32     |  |  | $ | 33     | 
|                       |  | Baby Blue Cab Corp/Mbank       |  |                                                     |   |                 |  | Term loan    |  | 12/29/10    |  | 10/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.47  | % |          | $ | 0 |           |  |   |       |  |  | $ | 28     |  |  | $ | 28     | 
|                       |  | Deal Cab Inc/Mbank             |  |                                                     |   |                 |  | Term loan    |  | 12/29/10    |  | 10/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.47  | % |          | $ | 0 |           |  |   |       |  |  | $ | 28     |  |  | $ | 28     | 
|                       |  | Mai Sheka Inc                  |  |                                                     |   |                 |  | Term loan    |  | 06/27/11    |  | 06/27/16 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50  | % |          | $ | 0 |           |  | $ | 25    |  |  | $ | 24     |  |  | $ | 25     | 
|                       |  | Greenwich Cab Corp             |  |                                                     |   |                 |  | Term loan    |  | 10/11/11    |  | 05/23/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 449   |  |  | $ | 23     |  |  | $ | 25     | 
|                       |  | Chicago Jacal Hacking Ii Corp  |  |                                                     |   |                 |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 304   |  |  | $ | 24     |  |  | $ | 25     | 
|                       |  | Mike Nat Hacking Chicago Corp  |  |                                                     |   |                 |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 270   |  |  | $ | 21     |  |  | $ | 22     | 
|                       |  | Bks Hacking Chicago Corp       |  |                                                     |   |                 |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 269   |  |  | $ | 21     |  |  | $ | 22     | 
|                       |  | Lonis Two Cab Corp            |  |                                                     |   |                 |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 249   |  |  | $ | 19     |  |  | $ | 21     | 
|                       |  | Brilon One Cab Corp            |  |                                                     |   |                 |  | Term loan    |  | 02/24/11    |  | 02/24/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 249   |  |  | $ | 19     |  |  | $ | 21     | 
|                       |  | Franklin Taxi Llc              |  |                                                     |   |                 |  | Term loan    |  | 10/11/11    |  | 06/15/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 350   |  |  | $ | 18     |  |  | $ | 20     | 
|                       |  | St Petersburg Taxi Llc         |  |                                                     |   |                 |  | Term loan    |  | 10/11/11    |  | 06/15/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 350   |  |  | $ | 18     |  |  | $ | 20     | 
|                       |  | Any Cab Two Corp               |  |                                                     |   |                 |  | Term loan    |  | 10/11/11    |  | 08/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 301   |  |  | $ | 15     |  |  | $ | 18     | 
|                       |  | Eemahn Cab Co & Ashkahn Inc    |  |                                                     |   |                 |  | Term loan    |  | 09/20/10    |  | 09/20/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.75  | % |          | $ | 0 |           |  |   |       |  |  | $ | 16     |  |  | $ | 17     | 
|                       |  | Piraeus Taxi Llc               |  |                                                     |   |                 |  | Term loan    |  | 06/15/11    |  | 06/15/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.75  | % |          | $ | 0 |           |  | $ | 14    |  |  | $ | 14     |  |  | $ | 14     | 
|                       |  | Spetses Taxi Llc/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 06/15/11    |  | 06/15/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.75  | % |          | $ | 0 |           |  | $ | 14    |  |  | $ | 14     |  |  | $ | 14     | 
|                       |  | Midnight Moonlight Taxi Inc/Mb |  |                                                     |   |                 |  | Term loan    |  | 12/28/10    |  | 10/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.47  | % |          | $ | 0 |           |  |   |       |  |  | $ | 14     |  |  | $ | 14     | 
|                       |  | Mongolia Taxi Llc/Mbank        |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/23/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 9.00  | % |          | $ | 0 |           |  |   |       |  |  | $ | 14     |  |  | $ | 14     | 
|                       |  | Eri Trans Inc/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 12/01/10    |  | 12/01/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 10.30 | % |          | $ | 0 |           |  |   |       |  |  | $ | 12     |  |  | $ | 12     | 
|                       |  | C&J Trans Inc                  |  |                                                     |   |                 |  | Term loan    |  | 03/03/10    |  | 09/03/12 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.00  | % |          | $ | 0 |           |  |   |       |  |  | $ | 9      |  |  | $ | 10     | 
|                       |  | Moses J Frank                  |  |                                                     | # | #               |  | Term loan    |  | 08/19/08    |  | 08/15/12 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.00  | % |          | $ | 0 |           |  |   |       |  |  | $ | 8      |  |  | $ | 8      | 
|                       |  | Good Cab Corp/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 12/10/10    |  | 12/10/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.95  | % |          | $ | 0 |           |  |   |       |  |  | $ | 7      |  |  | $ | 7      | 
|                       |  | Sweetgrass Capital Corp/Mbank  |  |                                                     |   |                 |  | Term loan    |  | 01/13/11    |  | 01/13/16 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 9.00  | % |          | $ | 0 |           |  | $ | 7     |  |  | $ | 6      |  |  | $ | 6      | 
|                       |  | Saimon Trans Inc/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 12/01/10    |  | 12/01/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 10.30 | % |          | $ | 0 |           |  |   |       |  |  | $ | 6      |  |  | $ | 6      | 
|                       |  | Mai-Nefhi Trans Inc/Mbank      |  |                                                     |   |                 |  | Term loan    |  | 12/16/10    |  | 12/16/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.75  | % |          | $ | 0 |           |  |   |       |  |  | $ | 5      |  |  | $ | 5      | 
|Newark                 |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  | 109 |                  |  |  | 10                  | % |  |                                    | 7.38  | % |          | $ | 0 |           |  | $ | 6,009 |  |  | $ | 17,693 |  |  | $ | 17,790 | 
|                       |  | Rachel Llc                     |  |                                                     |   |                 |  | Term loan    |  | 04/14/11    |  | 04/14/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.50  | % |          | $ | 0 |           |  | $ | 259   |  |  | $ | 256    |  |  | $ | 257    | 
|                       |  | 085 Force Llc &                |  |                                                     |   |                 |  | Term loan    |  | 02/17/11    |  | 02/17/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.00  | % |          | $ | 0 |           |  | $ | 260   |  |  | $ | 255    |  |  | $ | 257    | 
|                       |  | R And B Taxi Company           |  |                                                     |   |                 |  | Term loan    |  | 01/15/10    |  | 01/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.00  | % |          | $ | 0 |           |  |   |       |  |  | $ | 257    |  |  | $ | 257    | 
|                       |  | Lesly Jeanjoseph               |  |                                                     |   |                 |  | Term loan    |  | 01/09/09    |  | 01/08/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 256    |  |  | $ | 256    | 
|                       |  | Grec Taxi Corp                 |  |                                                     |   |                 |  | Term loan    |  | 12/08/11    |  | 12/08/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00  | % |          | $ | 0 |           |  | $ | 250   |  |  | $ | 250    |  |  | $ | 252    | 
|                       |  | Mido Taxi Inc                  |  |                                                     | # | #               |  | Term loan    |  | 12/04/08    |  | 12/04/12 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 251    |  |  | $ | 252    | 
|                       |  | Wilner Novaly &                |  |                                                     |   |                 |  | Term loan    |  | 08/12/10    |  | 07/22/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 246    |  |  | $ | 248    | 
|                       |  | Abraham Taxi #1 Corp           |  |                                                     |   |                 |  | Term loan    |  | 12/08/11    |  | 12/08/21 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00  | % |          | $ | 0 |           |  | $ | 245   |  |  | $ | 245    |  |  | $ | 247    | 
|                       |  | M.K. Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 04/14/11    |  | 04/14/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.75  | % |          | $ | 0 |           |  | $ | 250   |  |  | $ | 245    |  |  | $ | 247    | 
|                       |  | Josh & Becka Taxi Inc          |  |                                                     |   |                 |  | Term loan    |  | 01/15/10    |  | 01/15/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.25  | % |          | $ | 0 |           |  |   |       |  |  | $ | 245    |  |  | $ | 246    | 
|                       |  | P.C. Taxi Corp                 |  |                                                     | # | #               |  | Term loan    |  | 10/07/10    |  | 10/07/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 244    |  |  | $ | 245    | 
|                       |  | Romise Fils-Aime               |  |                                                     |   |                 |  | Term loan    |  | 06/10/10    |  | 06/10/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 241    |  |  | $ | 242    | 
|                       |  | Ekny Fils-Aime                 |  |                                                     | # | #               |  | Term loan    |  | 10/17/11    |  | 10/17/16 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.25  | % |          | $ | 0 |           |  | $ | 240   |  |  | $ | 239    |  |  | $ | 241    | 
|                       |  | Manny Fresh Top Corp           |  |                                                     |   |                 |  | Term loan    |  | 05/29/09    |  | 05/29/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.00  | % |          | $ | 0 |           |  |   |       |  |  | $ | 237    |  |  | $ | 237    | 
|                       |  | Semsema Trans Corporation      |  |                                                     |   |                 |  | Term loan    |  | 06/11/09    |  | 06/09/12 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.25  | % |          | $ | 0 |           |  |   |       |  |  | $ | 235    |  |  | $ | 235    | 
|                       |  | Lagrande Taxi Corp             |  |                                                     |   |                 |  | Term loan    |  | 12/11/09    |  | 12/03/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 229    |  |  | $ | 230    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2011Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Jacob Joseph                   |  |                                                     | # | #               |  | Term loan    |  | 04/02/09    |  | 04/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 227 |  |  | $ | 227 | 
|                       |  | One At A Time Time Transport I |  |                                                     |   |                 |  | Term loan    |  | 06/10/10    |  | 06/10/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 225 |  |  | $ | 226 | 
|                       |  | Maitre Joa Llc                 |  |                                                     |   |                 |  | Term loan    |  | 08/04/11    |  | 08/04/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  | $ | 227 |  |  | $ | 225 |  |  | $ | 226 | 
|                       |  | Cmgv #2 Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 09/16/10    |  | 09/16/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 224 |  |  | $ | 226 | 
|                       |  | Dern #2 Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 09/16/10    |  | 09/16/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 224 |  |  | $ | 226 | 
|                       |  | Hg & Zg Corporation            |  |                                                     |   |                 |  | Term loan    |  | 09/17/09    |  | 09/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 225 |  |  | $ | 225 | 
|                       |  | Levangile Milcent              |  |                                                     |   |                 |  | Term loan    |  | 05/04/11    |  | 05/04/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 225 |  |  | $ | 222 |  |  | $ | 224 | 
|                       |  | Carvin Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 04/14/11    |  | 04/14/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 225 |  |  | $ | 222 |  |  | $ | 224 | 
|                       |  | Jehova Nissi Taxi Inc          |  |                                                     | # | #               |  | Term loan    |  | 02/07/08    |  | 02/08/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 224 |  |  | $ | 224 | 
|                       |  | Joseph Duverneau               |  |                                                     | # | #               |  | Term loan    |  | 02/17/11    |  | 02/17/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 225 |  |  | $ | 220 |  |  | $ | 222 | 
|                       |  | Erick Fleuridor                |  |                                                     | # | #               |  | Term loan    |  | 08/07/08    |  | 08/07/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 220 |  |  | $ | 220 | 
|                       |  | Jean Dalcy                     |  |                                                     | # | #               |  | Term loan    |  | 05/12/11    |  | 05/12/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 220 |  |  | $ | 217 |  |  | $ | 219 | 
|                       |  | Joseph And Jamar Inc           |  |                                                     | # | #               |  | Term loan    |  | 10/07/10    |  | 10/07/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 217 |  |  | $ | 218 | 
|                       |  | Marcillino Corp                |  |                                                     | # | #               |  | Term loan    |  | 09/04/08    |  | 09/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 218 |  |  | $ | 218 | 
|                       |  | Menes Lormejuste &             |  |                                                     |   |                 |  | Term loan    |  | 09/03/09    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 215 |  |  | $ | 215 | 
|                       |  | Fils Julien                    |  |                                                     | # | #               |  | Term loan    |  | 09/03/09    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 213 |  |  | $ | 214 | 
|                       |  | Stany Inc                      |  |                                                     |   |                 |  | Term loan    |  | 05/12/11    |  | 05/12/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 214 |  |  | $ | 211 |  |  | $ | 213 | 
|                       |  | Gerard Revolus                 |  |                                                     |   |                 |  | Term loan    |  | 05/15/08    |  | 04/30/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 212 |  |  | $ | 212 | 
|                       |  | Luckner Etienne                |  |                                                     | # | #               |  | Term loan    |  | 02/05/09    |  | 02/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 211 |  |  | $ | 211 | 
|                       |  | S.J.L.T Joujean Inc            |  |                                                     |   |                 |  | Term loan    |  | 04/03/08    |  | 04/03/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 207 |  |  | $ | 207 | 
|                       |  | Alix Exavier                   |  |                                                     | # | #               |  | Term loan    |  | 04/02/09    |  | 04/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 207 |  |  | $ | 207 | 
|                       |  | Timax 426 Inc                  |  |                                                     |   |                 |  | Term loan    |  | 02/05/09    |  | 02/05/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 203 |  |  | $ | 203 | 
|                       |  | Marie Augustin                 |  |                                                     |   |                 |  | Term loan    |  | 02/04/10    |  | 02/04/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 203 |  |  | $ | 203 | 
|                       |  | Herve Dameus & James Dameus    |  |                                                     | # | #               |  | Term loan    |  | 01/25/11    |  | 01/20/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  | $ | 203 |  |  | $ | 199 |  |  | $ | 201 | 
|                       |  | Matias Paul                    |  |                                                     | # | #               |  | Term loan    |  | 05/12/11    |  | 05/12/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 200 |  |  | $ | 197 |  |  | $ | 200 | 
|                       |  | Thomas Lahens                  |  |                                                     | # | #               |  | Term loan    |  | 06/09/11    |  | 06/09/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 201 |  |  | $ | 199 |  |  | $ | 199 | 
|                       |  | Zoune Taxi #2 Inc              |  |                                                     | # | #               |  | Term loan    |  | 10/12/11    |  | 10/06/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  | $ | 197 |  |  | $ | 196 |  |  | $ | 199 | 
|                       |  | Daniel Charles 2nd             |  |                                                     |   |                 |  | Term loan    |  | 12/30/09    |  | 12/30/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 197 |  |  | $ | 196 | 
|                       |  | Jodieu Taxi Inc &              |  |                                                     |   |                 |  | Term loan    |  | 09/17/09    |  | 09/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 195 |  |  | $ | 196 | 
|                       |  | Mfc Taxi Corp                  |  |                                                     | # | #               |  | Term loan    |  | 09/20/11    |  | 09/19/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 196 |  |  | $ | 195 |  |  | $ | 195 | 
|                       |  | Chell 11 Corp                  |  |                                                     |   |                 |  | Term loan    |  | 08/12/10    |  | 08/05/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 194 |  |  | $ | 195 | 
|                       |  | Micheline Luxeus               |  |                                                     | # | #               |  | Term loan    |  | 01/08/09    |  | 01/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 193 |  |  | $ | 194 | 
|                       |  | Robert Pierre-Louis            |  |                                                     | # | #               |  | Term loan    |  | 04/09/10    |  | 04/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 187 |  |  | $ | 189 | 
|                       |  | Robert Pierre-Louis            |  |                                                     | # | #               |  | Term loan    |  | 04/09/10    |  | 04/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 187 |  |  | $ | 189 | 
|                       |  | Sergo Xavier Previlon          |  |                                                     | # | #               |  | Term loan    |  | 10/15/09    |  | 10/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 188 |  |  | $ | 188 | 
|                       |  | Jonas Jerome                   |  |                                                     |   |                 |  | Term loan    |  | 02/04/10    |  | 02/04/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 187 |  |  | $ | 188 | 
|                       |  | Just 8 Taxi #2 Inc             |  |                                                     | # | #               |  | Term loan    |  | 09/20/11    |  | 09/19/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 186 |  |  | $ | 184 |  |  | $ | 186 | 
|                       |  | Marie Jeanne Philemon          |  |                                                     |   |                 |  | Term loan    |  | 07/07/11    |  | 07/07/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 184 |  |  | $ | 183 |  |  | $ | 185 | 
|                       |  | Erick Fleuridor                |  |                                                     |   |                 |  | Term loan    |  | 12/15/09    |  | 12/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 178 |  |  | $ | 178 | 
|                       |  | Cassandra & Joseph Sejour Inc  |  |                                                     |   |                 |  | Term loan    |  | 04/09/10    |  | 04/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 176 |  |  | $ | 178 | 
|                       |  | Bidon Taxi Inc                 |  |                                                     |   |                 |  | Term loan    |  | 08/04/11    |  | 08/04/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 177 |  |  | $ | 175 |  |  | $ | 178 | 
|                       |  | Adieula Figaro                 |  |                                                     | # | #               |  | Term loan    |  | 10/06/11    |  | 10/06/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 176 |  |  | $ | 175 |  |  | $ | 177 | 
|                       |  | Simone Francois                |  |                                                     | # | #               |  | Term loan    |  | 05/06/11    |  | 05/06/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.75 | % |          | $ | 0 |           |  | $ | 175 |  |  | $ | 174 |  |  | $ | 176 | 
|                       |  | Saintilia Charles              |  |                                                     | # | #               |  | Term loan    |  | 09/13/10    |  | 09/13/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 176 |  |  | $ | 176 | 
|                       |  | Jean Milo Saintus              |  |                                                     |   |                 |  | Term loan    |  | 04/14/11    |  | 04/14/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 174 |  |  | $ | 171 |  |  | $ | 173 | 
|                       |  | Jeannot Louis                  |  |                                                     |   |                 |  | Term loan    |  | 06/11/09    |  | 06/11/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 170 |  |  | $ | 171 | 
|                       |  | Sonson Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 04/09/10    |  | 04/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 168 |  |  | $ | 169 | 
|                       |  | Charata Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 04/09/10    |  | 04/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 165 |  |  | $ | 167 | 
|                       |  | Antoines Dortin                |  |                                                     | # | #               |  | Term loan    |  | 08/12/10    |  | 08/12/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 161 |  |  | $ | 162 | 
|                       |  | Ahmad Taxi Inc                 |  |                                                     |   |                 |  | Term loan    |  | 06/09/11    |  | 06/09/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 163 |  |  | $ | 159 |  |  | $ | 161 | 
|                       |  | 0127 Incorporated              |  |                                                     | # | #               |  | Term loan    |  | 08/07/08    |  | 08/07/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 159 |  |  | $ | 159 | 
|                       |  | Mebele Pierre                  |  |                                                     | # | #               |  | Term loan    |  | 10/07/10    |  | 10/07/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 155 |  |  | $ | 156 | 
|                       |  | Charles Agesilas               |  |                                                     | # | #               |  | Term loan    |  | 07/10/09    |  | 07/10/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 153 |  |  | $ | 154 | 
|                       |  | Joseph Francilus               |  |                                                     |   |                 |  | Term loan    |  | 03/22/11    |  | 03/21/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 155 |  |  | $ | 151 |  |  | $ | 152 | 
|                       |  | Forward Taxi Corp              |  |                                                     |   |                 |  | Term loan    |  | 04/12/07    |  | 04/12/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 144 |  |  | $ | 144 | 
|                       |  | Yves Frantz Philemon           |  |                                                     |   |                 |  | Term loan    |  | 01/20/11    |  | 01/20/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  | $ | 146 |  |  | $ | 141 |  |  | $ | 143 | 
|                       |  | Renelus Dieujuste              |  |                                                     | # | #               |  | Term loan    |  | 12/03/09    |  | 12/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 141 |  |  | $ | 141 | 
|                       |  | Three Sons 2 Taxi Inc          |  |                                                     |   |                 |  | Term loan    |  | 10/15/09    |  | 10/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 141 |  |  | $ | 141 | 
|                       |  | Alhayat Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 07/07/11    |  | 07/07/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.25 | % |          | $ | 0 |           |  | $ | 143 |  |  | $ | 138 |  |  | $ | 140 | 
|                       |  | Jovin Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 03/09/09    |  | 03/09/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 140 |  |  | $ | 140 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                            |  |                                                     |   |                 |  |              |  |             |  |          |               |  |    |                  |  |  |                     |   |  |                                    |      |   |          |   |   |           |  |   |       |  |  |   |        |  |  |   |        | 
|---------------------- |  | -------------------------- |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | -- | ---------------- |  |  | ------------------- | - |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | ----- |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name               |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |    | InterestRate (1) |  |  | CapitalizedInterest |   |  | OriginalCost of2011Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Bettie Jean                |  |                                                     |   |                 |  | Term loan    |  | 10/11/07    |  | 10/11/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 138    |  |  | $ | 138    | 
|                       |  | Louibert Julien            |  |                                                     |   |                 |  | Term loan    |  | 06/19/09    |  | 06/19/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 136    |  |  | $ | 137    | 
|                       |  | Lucita Dorely              |  |                                                     |   |                 |  | Term loan    |  | 10/16/09    |  | 10/15/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 135    |  |  | $ | 135    | 
|                       |  | E Z 4 U Inc                |  |                                                     |   |                 |  | Term loan    |  | 01/17/08    |  | 01/17/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 9.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 131    |  |  | $ | 131    | 
|                       |  | Amilcar Prophete           |  |                                                     |   |                 |  | Term loan    |  | 04/02/09    |  | 04/02/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 128    |  |  | $ | 128    | 
|                       |  | Olga Morales               |  |                                                     | # | #               |  | Term loan    |  | 04/03/08    |  | 04/03/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 122    |  |  | $ | 122    | 
|                       |  | Don Taxi Corp              |  |                                                     | # | #               |  | Term loan    |  | 09/02/10    |  | 09/02/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 110    |  |  | $ | 112    | 
|                       |  | Saintvill #2 Taxi Corp     |  |                                                     |   |                 |  | Term loan    |  | 12/14/09    |  | 12/03/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 106    |  |  | $ | 106    | 
|                       |  | Ruthe Edouard              |  |                                                     | # | #               |  | Term loan    |  | 02/07/08    |  | 02/07/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 101    |  |  | $ | 101    | 
|                       |  | Gerald Jean-Louis          |  |                                                     | # | #               |  | Term loan    |  | 04/02/09    |  | 04/02/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 98     |  |  | $ | 98     | 
|                       |  | Pegy Taxi Corp             |  |                                                     |   |                 |  | Term loan    |  | 02/17/11    |  | 02/17/17 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 106   |  |  | $ | 95     |  |  | $ | 97     | 
|                       |  | Praise The Lord Taxi Inc   |  |                                                     |   |                 |  | Term loan    |  | 05/20/11    |  | 05/20/15 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 95    |  |  | $ | 92     |  |  | $ | 94     | 
|                       |  | Clameus Estimable          |  |                                                     |   |                 |  | Term loan    |  | 05/06/10    |  | 05/06/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 92     |  |  | $ | 93     | 
|                       |  | Gethsemane Inc             |  |                                                     |   |                 |  | Term loan    |  | 02/27/09    |  | 02/27/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.68 | % |          | $ | 0 |           |  |   |       |  |  | $ | 91     |  |  | $ | 91     | 
|                       |  | Pierre Sterling            |  |                                                     |   |                 |  | Term loan    |  | 01/11/07    |  | 01/11/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 90     |  |  | $ | 90     | 
|                       |  | Mr Clean Sdam Taxi Llc     |  |                                                     |   |                 |  | Term loan    |  | 06/09/11    |  | 06/09/15 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 85    |  |  | $ | 84     |  |  | $ | 86     | 
|                       |  | Webert Joseph              |  |                                                     |   |                 |  | Term loan    |  | 02/17/11    |  | 02/17/17 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 87    |  |  | $ | 77     |  |  | $ | 79     | 
|                       |  | Jean Belony                |  |                                                     |   |                 |  | Term loan    |  | 06/09/11    |  | 06/09/16 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 77    |  |  | $ | 70     |  |  | $ | 73     | 
|                       |  | 100 Taxi #2 Corp           |  |                                                     |   |                 |  | Term loan    |  | 07/25/08    |  | 07/25/15 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 68     |  |  | $ | 68     | 
|                       |  | Abanob Trans Inc           |  |                                                     |   |                 |  | Term loan    |  | 06/14/07    |  | 06/14/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 55     |  |  | $ | 55     | 
|                       |  | Marie T0 #2 Taxi Corp      |  |                                                     |   |                 |  | Term loan    |  | 12/07/06    |  | 12/07/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 46     |  |  | $ | 46     | 
|                       |  | Saeiid Llc                 |  |                                                     |   |                 |  | Term loan    |  | 09/06/11    |  | 09/06/16 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  | $ | 45    |  |  | $ | 44     |  |  | $ | 46     | 
|                       |  | Marie C Taxi Inc           |  |                                                     |   |                 |  | Term loan    |  | 04/12/07    |  | 04/12/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 36     |  |  | $ | 36     | 
|                       |  | Tchacito #2 Taxi Corp      |  |                                                     |   |                 |  | Term loan    |  | 12/07/06    |  | 12/07/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 35     |  |  | $ | 35     | 
|                       |  | Graciela Carbajal          |  |                                                     |   |                 |  | Term loan    |  | 05/10/07    |  | 05/10/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 33     |  |  | $ | 33     | 
|                       |  | Two Mens Taxi Inc          |  |                                                     |   |                 |  | Term loan    |  | 09/20/00    |  | 09/29/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 29     |  |  | $ | 29     | 
|                       |  | El-Aman Express Llc        |  |                                                     |   |                 |  | Term loan    |  | 01/17/08    |  | 01/28/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 24     |  |  | $ | 24     | 
|                       |  | El-Aman Express Llc        |  |                                                     |   |                 |  | Term loan    |  | 02/07/08    |  | 02/11/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 23     |  |  | $ | 23     | 
|                       |  | Michel Ulysse              |  |                                                     |   |                 |  | Term loan    |  | 04/06/00    |  | 11/01/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  | Serge Garcon               |  |                                                     |   |                 |  | Term loan    |  | 01/17/08    |  | 01/17/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 20     |  |  | $ | 20     | 
|                       |  | Akwaaba Taxi Inc           |  |                                                     |   |                 |  | Term loan    |  | 09/04/08    |  | 09/04/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 19     |  |  | $ | 19     | 
|                       |  | El-Aman Express Llc        |  |                                                     |   |                 |  | Term loan    |  | 01/17/08    |  | 01/28/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 18     |  |  | $ | 18     | 
|                       |  | Michaelange Corp           |  |                                                     |   |                 |  | Term loan    |  | 11/22/04    |  | 11/23/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 10     |  |  | $ | 10     | 
|Boston                 |  |                            |  |                                                     |   |                 |  |              |  |             |  |          |               |  | 59 |                  |  |  | 10                  | % |  |                                    | 6.56 | % |          | $ | 0 |           |  | $ | 7,118 |  |  | $ | 16,955 |  |  | $ | 17,012 | 
|                       |  | Piff & Hector Cab Inc      |  |                                                     |   |                 |  | Term loan    |  | 01/04/08    |  | 01/04/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.13 | % |          | $ | 0 |           |  |   |       |  |  | $ | 731    |  |  | $ | 731    | 
|                       |  | Chidi Trans Inc            |  |                                                     | # | #               |  | Term loan    |  | 11/17/11    |  | 11/17/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 720   |  |  | $ | 719    |  |  | $ | 721    | 
|                       |  | Odat Taxi, Inc.            |  |                                                     |   |                 |  | Term loan    |  | 01/12/11    |  | 01/12/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 697   |  |  | $ | 687    |  |  | $ | 689    | 
|                       |  | Arinze Trans Inc           |  |                                                     |   |                 |  | Term loan    |  | 02/05/10    |  | 02/05/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 629    |  |  | $ | 629    | 
|                       |  | Dp Taxi Inc                |  |                                                     | # | #               |  | Term loan    |  | 12/17/10    |  | 12/17/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 623    |  |  | $ | 624    | 
|                       |  | Chiso Trans Inc            |  |                                                     |   |                 |  | Term loan    |  | 11/30/09    |  | 11/30/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 568    |  |  | $ | 568    | 
|                       |  | Chiso Trans Inc            |  |                                                     |   |                 |  | Term loan    |  | 07/24/08    |  | 07/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 562    |  |  | $ | 562    | 
|                       |  | Chidi Trans Inc            |  |                                                     | # | #               |  | Term loan    |  | 07/24/08    |  | 07/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 561    |  |  | $ | 561    | 
|                       |  | Arinze Trans Inc           |  |                                                     | # | #               |  | Term loan    |  | 07/24/08    |  | 07/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 561    |  |  | $ | 561    | 
|                       |  | Johnson Holdings Inc       |  |                                                     | # | #               |  | Term loan    |  | 07/24/08    |  | 07/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 559    |  |  | $ | 559    | 
|                       |  | Memory Cab Company Inc     |  |                                                     | # | #               |  | Term loan    |  | 01/14/11    |  | 01/14/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  | $ | 560   |  |  | $ | 548    |  |  | $ | 549    | 
|                       |  | Mansour Cab Co Inc         |  |                                                     | # | #               |  | Term loan    |  | 01/14/11    |  | 01/14/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  | $ | 560   |  |  | $ | 547    |  |  | $ | 549    | 
|                       |  | Gabriel Trans Holdings Inc |  |                                                     |   |                 |  | Term loan    |  | 11/30/09    |  | 11/30/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 474    |  |  | $ | 474    | 
|                       |  | P&P Dumerant Corp          |  |                                                     |   |                 |  | Term loan    |  | 10/28/11    |  | 10/28/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 385   |  |  | $ | 385    |  |  | $ | 387    | 
|                       |  | Myra Inc                   |  |                                                     |   |                 |  | Term loan    |  | 11/10/11    |  | 11/10/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.50 | % |          | $ | 0 |           |  | $ | 356   |  |  | $ | 356    |  |  | $ | 356    | 
|                       |  | H And H Taxi Inc           |  |                                                     | # | #               |  | Term loan    |  | 11/17/11    |  | 11/17/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 353   |  |  | $ | 352    |  |  | $ | 354    | 
|                       |  | Saint Inc                  |  |                                                     |   |                 |  | Term loan    |  | 11/10/11    |  | 11/10/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.50 | % |          | $ | 0 |           |  | $ | 352   |  |  | $ | 352    |  |  | $ | 352    | 
|                       |  | Jv Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 11/23/10    |  | 11/23/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 337    |  |  | $ | 339    | 
|                       |  | Ngozi Trans Inc.           |  |                                                     | # | #               |  | Term loan    |  | 04/22/11    |  | 04/22/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  | $ | 341   |  |  | $ | 333    |  |  | $ | 335    | 
|                       |  | Bel-Vu Cab Inc             |  |                                                     | # | #               |  | Term loan    |  | 04/08/11    |  | 04/08/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  | $ | 335   |  |  | $ | 330    |  |  | $ | 332    | 
|                       |  | Jmf Cab Inc                |  |                                                     | # | #               |  | Term loan    |  | 01/26/11    |  | 01/26/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.63 | % |          | $ | 0 |           |  | $ | 335   |  |  | $ | 328    |  |  | $ | 330    | 
|                       |  | Andrelina & Suzie Cab Inc  |  |                                                     |   |                 |  | Term loan    |  | 08/17/10    |  | 08/17/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.13 | % |          | $ | 0 |           |  |   |       |  |  | $ | 321    |  |  | $ | 322    | 
|                       |  | Djbell Love Inc            |  |                                                     | # | #               |  | Term loan    |  | 08/05/11    |  | 08/05/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 318   |  |  | $ | 315    |  |  | $ | 317    | 
|                       |  | Jesus Denis Cab Inc        |  |                                                     | # | #               |  | Term loan    |  | 09/24/10    |  | 09/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 312    |  |  | $ | 313    | 
|                       |  | Shemarjamalie Cab Inc      |  |                                                     |   |                 |  | Term loan    |  | 11/25/09    |  | 11/25/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 306    |  |  | $ | 306    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |    |                  |  |  |                     |   |  |                                    |      |   |          |   |   |           |  |   |       |  |  |   |       |  |  |   |       | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | -- | ---------------- |  |  | ------------------- | - |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | ----- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |    | InterestRate (1) |  |  | CapitalizedInterest |   |  | OriginalCost of2011Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Sasun Cab Inc                  |  |                                                     |   |                 |  | Term loan    |  | 02/26/10    |  | 08/26/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 301   |  |  | $ | 302   | 
|                       |  | Jre Taxi Inc                   |  |                                                     | # | #               |  | Term loan    |  | 08/26/11    |  | 08/26/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 300   |  |  | $ | 298   |  |  | $ | 301   | 
|                       |  | Urzal Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 11/05/10    |  | 11/05/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 292   |  |  | $ | 293   | 
|                       |  | Amitaf Cab Inc                 |  |                                                     | # | #               |  | Term loan    |  | 09/24/10    |  | 09/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 291   |  |  | $ | 292   | 
|                       |  | God Is Good Inc                |  |                                                     | # | #               |  | Term loan    |  | 11/25/09    |  | 11/25/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 286   |  |  | $ | 286   | 
|                       |  | Louine Cab Inc                 |  |                                                     |   |                 |  | Term loan    |  | 02/06/09    |  | 02/06/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 282   |  |  | $ | 282   | 
|                       |  | Phatricksey Cab Inc            |  |                                                     | # | #               |  | Term loan    |  | 07/14/11    |  | 07/14/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 272   |  |  | $ | 270   |  |  | $ | 272   | 
|                       |  | Ngozi Trans Inc.               |  |                                                     | # | #               |  | Term loan    |  | 10/14/11    |  | 10/14/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 270   |  |  | $ | 266   |  |  | $ | 269   | 
|                       |  | Chardon Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 10/20/11    |  | 10/20/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 263   |  |  | $ | 262   |  |  | $ | 264   | 
|                       |  | Matrem, Inc.                   |  |                                                     | # | #               |  | Term loan    |  | 04/11/08    |  | 04/11/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 3.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 234   |  |  | $ | 234   | 
|                       |  | Amour Inc.                     |  |                                                     | # | #               |  | Term loan    |  | 04/11/08    |  | 04/11/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 3.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 234   |  |  | $ | 234   | 
|                       |  | Agla, Inc.                     |  |                                                     | # | #               |  | Term loan    |  | 04/11/08    |  | 04/11/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 3.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 234   |  |  | $ | 234   | 
|                       |  | Kirry Cab Inc                  |  |                                                     |   |                 |  | Term loan    |  | 01/04/08    |  | 01/04/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.13 | % |          | $ | 0 |           |  |   |       |  |  | $ | 225   |  |  | $ | 225   | 
|                       |  | Belmontagne Inc                |  |                                                     | # | #               |  | Term loan    |  | 05/02/08    |  | 05/02/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 208   |  |  | $ | 208   | 
|                       |  | Ngozi Trans Inc.               |  |                                                     | # | #               |  | Term loan    |  | 06/20/08    |  | 06/20/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 205   |  |  | $ | 205   | 
|                       |  | Dabola Cab Inc                 |  |                                                     | # | #               |  | Term loan    |  | 11/10/11    |  | 11/10/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 185   |  |  | $ | 185   |  |  | $ | 187   | 
|                       |  | Stanley & Rachelle Cab Inc     |  |                                                     |   |                 |  | Term loan    |  | 05/23/11    |  | 05/23/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 187   |  |  | $ | 184   |  |  | $ | 186   | 
|                       |  | Mwinkteana Cab Inc             |  |                                                     | # | #               |  | Term loan    |  | 05/10/11    |  | 05/10/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 169   |  |  | $ | 166   |  |  | $ | 168   | 
|                       |  | Chiso Trans Inc Et Al          |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/23/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 117   |  |  | $ | 119   | 
|                       |  | Gabriel Trans Holdings Et Al   |  |                                                     |   |                 |  | Term loan    |  | 07/11/11    |  | 07/11/16 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 90    |  |  | $ | 84    |  |  | $ | 86    | 
|                       |  | Family Trans Inc               |  |                                                     |   |                 |  | Term loan    |  | 03/20/09    |  | 03/20/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 80    |  |  | $ | 80    | 
|                       |  | Piff & Hector Cab Inc &        |  |                                                     |   |                 |  | Term loan    |  | 10/29/08    |  | 10/29/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 65    |  |  | $ | 65    | 
|                       |  | Johnson Holdings Inc           |  |                                                     |   |                 |  | Term loan    |  | 10/01/10    |  | 10/01/15 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.63 | % |          | $ | 0 |           |  |   |       |  |  | $ | 60    |  |  | $ | 61    | 
|                       |  | Kena Cab Inc                   |  |                                                     | # | #               |  | Term loan    |  | 11/02/07    |  | 11/02/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 3.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 57    |  |  | $ | 57    | 
|                       |  | Boband Cab Inc                 |  |                                                     |   |                 |  | Term loan    |  | 05/14/10    |  | 05/14/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 46    |  |  | $ | 46    | 
|                       |  | Sarhad Coach Inc               |  |                                                     |   |                 |  | Term loan    |  | 05/23/08    |  | 05/23/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 44    |  |  | $ | 44    | 
|                       |  | Brattle Transpor Service/Mbank |  |                                                     |   |                 |  | Term loan    |  | 12/17/09    |  | 12/17/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 40    |  |  | $ | 39    | 
|                       |  | Sunshine Cab Inc               |  |                                                     | # | #               |  | Term loan    |  | 06/12/07    |  | 06/12/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 30    |  |  | $ | 30    | 
|                       |  | Sasun Cab Inc                  |  |                                                     |   |                 |  | Term loan    |  | 04/01/11    |  | 04/01/16 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.63 | % |          | $ | 0 |           |  | $ | 30    |  |  | $ | 27    |  |  | $ | 29    | 
|                       |  | Marthine Cab Inc               |  |                                                     |   |                 |  | Term loan    |  | 09/17/10    |  | 09/17/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 25    |  |  | $ | 27    | 
|                       |  | Theo Cab Inc/Mbank             |  |                                                     |   |                 |  | Term loan    |  | 01/12/11    |  | 01/12/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 9.66 | % |          | $ | 0 |           |  | $ | 21    |  |  | $ | 20    |  |  | $ | 20    | 
|                       |  | Dadou Cab Inc/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 01/12/11    |  | 01/12/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 9.66 | % |          | $ | 0 |           |  | $ | 21    |  |  | $ | 20    |  |  | $ | 20    | 
|                       |  | O.M. Taxi Inc/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 05/14/10    |  | 05/14/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 18    |  |  | $ | 17    | 
|                       |  | Shemarjamalie Cab Inc          |  |                                                     |   |                 |  | Term loan    |  | 02/17/10    |  | 02/17/15 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 7     |  |  | $ | 8     | 
|Cambridge              |  |                                |  |                                                     |   |                 |  | Term loan    |  |             |  |          |               |  | 21 |                  |  |  | 4                   | % |  |                                    | 6.62 | % |          | $ | 0 |           |  | $ | 1,405 |  |  | $ | 6,179 |  |  | $ | 6,198 | 
|                       |  | Gcf Taxi Inc                   |  |                                                     | # | #               |  | Term loan    |  | 10/08/10    |  | 10/08/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.60 | % |          | $ | 0 |           |  |   |       |  |  | $ | 703   |  |  | $ | 705   | 
|                       |  | Gcf Taxi Inc, Et Al/B Note     |  |                                                     |   |                 |  | Term loan    |  | 11/18/10    |  | 11/18/20 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 563   |  |  | $ | 565   | 
|                       |  | Mgf Taxi Inc                   |  |                                                     |   |                 |  | Term loan    |  | 05/06/11    |  | 05/06/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 390   |  |  | $ | 385   |  |  | $ | 387   | 
|                       |  | Hope-Lynn Cabworks Inc         |  |                                                     | # | #               |  | Term loan    |  | 04/01/11    |  | 04/01/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 379   |  |  | $ | 373   |  |  | $ | 375   | 
|                       |  | Keep It Cool Inc               |  |                                                     | # | #               |  | Term loan    |  | 03/31/11    |  | 03/31/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 350   |  |  | $ | 346   |  |  | $ | 347   | 
|                       |  | Desdunes Cab Inc               |  |                                                     |   |                 |  | Term loan    |  | 08/13/10    |  | 08/13/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 338   |  |  | $ | 340   | 
|                       |  | Drumman Trans Inc              |  |                                                     |   |                 |  | Term loan    |  | 03/28/08    |  | 03/28/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.13 | % |          | $ | 0 |           |  |   |       |  |  | $ | 338   |  |  | $ | 339   | 
|                       |  | Patrick Cab Inc                |  |                                                     |   |                 |  | Term loan    |  | 12/15/09    |  | 12/15/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.95 | % |          | $ | 0 |           |  |   |       |  |  | $ | 338   |  |  | $ | 338   | 
|                       |  | Andrew Cab Inc                 |  |                                                     |   |                 |  | Term loan    |  | 12/15/09    |  | 12/15/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.95 | % |          | $ | 0 |           |  |   |       |  |  | $ | 335   |  |  | $ | 336   | 
|                       |  | Delivrance Cab Inc             |  |                                                     | # | #               |  | Term loan    |  | 10/21/09    |  | 10/21/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 320   |  |  | $ | 320   | 
|                       |  | Legend Trans Inc               |  |                                                     |   |                 |  | Term loan    |  | 01/29/10    |  | 07/29/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.40 | % |          | $ | 0 |           |  |   |       |  |  | $ | 318   |  |  | $ | 318   | 
|                       |  | Sam Taxi Inc                   |  |                                                     |   |                 |  | Term loan    |  | 03/19/10    |  | 03/10/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 316   |  |  | $ | 317   | 
|                       |  | Sabine Cab Inc                 |  |                                                     | # | #               |  | Term loan    |  | 11/23/11    |  | 11/23/14 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 286   |  |  | $ | 286   |  |  | $ | 288   | 
|                       |  | Jablem Cab Inc                 |  |                                                     | # | #               |  | Term loan    |  | 05/17/10    |  | 05/17/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 279   |  |  | $ | 280   | 
|                       |  | Raad Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 06/04/08    |  | 06/04/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 273   |  |  | $ | 273   | 
|                       |  | Marcia And Everton Cab Inc     |  |                                                     | # | #               |  | Term loan    |  | 10/30/09    |  | 10/30/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 242   |  |  | $ | 243   | 
|                       |  | Randah Cab Inc                 |  |                                                     | # | #               |  | Term loan    |  | 11/15/10    |  | 11/15/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 221   |  |  | $ | 223   | 
|                       |  | Taxi Technology Inc            |  |                                                     | # | #               |  | Term loan    |  | 01/30/09    |  | 01/30/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 117   |  |  | $ | 118   | 
|                       |  | Viel Cab Inc/Mbank             |  |                                                     |   |                 |  | Term loan    |  | 02/19/10    |  | 02/19/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 9.22 | % |          | $ | 0 |           |  |   |       |  |  | $ | 47    |  |  | $ | 48    | 
|                       |  | B & V Cab Inc                  |  |                                                     |   |                 |  | Term loan    |  | 05/07/10    |  | 05/07/13 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 21    |  |  | $ | 21    | 
|                       |  | Gasperina Trans Inc/Mbank      |  |                                                     |   |                 |  | Term loan    |  | 09/19/08    |  | 03/19/12 |               |  | 1  |                  |  |  | *                   |   |  |                                    | 7.36 | % |          | $ | 0 |           |  |   |       |  |  | $ | 18    |  |  | $ | 18    | 
|Other                  |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  | 21 |                  |  |  | 3                   | % |  |                                    | 6.54 | % |          | $ | 0 |           |  | $ | 2,930 |  |  | $ | 4,318 |  |  | $ | 4,336 | 
|                       |  | Dorit Matityahu                |  |                                                     | # | #               |  | Term loan    |  | 08/04/11    |  | 08/04/14 |               |  | 1  |                  |  |  | 1                   | % |  |                                    | 6.25 | % |          | $ | 0 |           |  | $ | 2,209 |  |  | $ | 2,187 |  |  | $ | 2,189 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                                                                                                                               |  |                                                          |  |                                                                        |  |                 |  |              |  |             |     |          |               |  |     |                  |    |   |                     |   |       |                                     |       |   |          |   |         |           |       |   |         |   |        |   |         |   |        |   |       | 
|------------------------------------------------------------------------------------------------------------------------------ |  | -------------------------------------------------------- |  | ---------------------------------------------------------------------- |  | --------------- |  | ------------ |  | ----------- | --- | -------- | ------------- |  | --- | ---------------- | -- | - | ------------------- | - | ----- | ----------------------------------- | ----- | - | -------- | - | ------- | --------- | ----- | - | ------- | - | ------ | - | ------- | - | ------ | - | ----- | 
|(Dollars in thousands)                                                                                                         |  | Obligor Name                                             |  | Security Type(all 
restricted unlessotherwise noted)                   |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |     |          | % ofNetAssets |  |     | InterestRate (1) |    |   | CapitalizedInterest |   |       | OriginalCost 
of2011Acquisitions(5) |       |   | Cost (4) |   |         | FairValue |      
|                                                                                                                               |  |                                                          |  | Sephardic Taxi Llc                                                     |  | ##              |  | Term loan    |  | 01/20/11    |     | 01/20/14 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 5.43  | % |          | $ | 0       |           |       | $ | 480     |   |        | $ | 470     |   |        | $ | 472   | 
|                                                                                                                               |  |                                                          |  | Brasil Taxi Llc                                                        |  | ##              |  | Term loan    |  | 10/20/10    |     | 10/19/13 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 5.43  | % |          | $ | 0       |           |       |   |         |   |        | $ | 437     |   |        | $ | 438   | 
|                                                                                                                               |  |                                                          |  | Tjp Inc                                                                |  | ##              |  | Term loan    |  | 07/07/10    |     | 07/07/13 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 7.00  | % |          | $ | 0       |           |       |   |         |   |        | $ | 198     |   |        | $ | 199   | 
|                                                                                                                               |  |                                                          |  | Hantin Trans/Aventura Taxi                                             |  |                 |  | Term loan    |  | 06/16/10    |     | 06/16/17 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 8.25  | % |          | $ | 0       |           |       |   |         |   |        | $ | 167     |   |        | $ | 169   | 
|                                                                                                                               |  |                                                          |  | Cristal Cab Co                                                         |  |                 |  | Term loan    |  | 05/23/11    |     | 05/23/15 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 6.50  | % |          | $ | 0       |           |       | $ | 145     |   |        | $ | 143     |   |        | $ | 145   | 
|                                                                                                                               |  |                                                          |  | Zelalem S. Alemu                                                       |  |                 |  | Term loan    |  | 04/28/08    |     | 04/28/13 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 11.00 | % |          | $ | 0       |           |       |   |         |   |        | $ | 128     |   |        | $ | 128   | 
|                                                                                                                               |  |                                                          |  | Wiljean Marcelin                                                       |  |                 |  | Term loan    |  | 11/17/10    |     | 12/01/15 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 8.25  | % |          | $ | 0       |           |       |   |         |   |        | $ | 107     |   |        | $ | 109   | 
|                                                                                                                               |  |                                                          |  | Ogechi Inc                                                             |  | ##              |  | Term loan    |  | 02/15/08    |     | 02/15/12 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 7.25  | % |          | $ | 0       |           |       |   |         |   |        | $ | 108     |   |        | $ | 108   | 
|                                                                                                                               |  |                                                          |  | Getrot Michel                                                          |  |                 |  | Term loan    |  | 03/07/08    |     | 03/23/14 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 7.75  | % |          | $ | 0       |           |       |   |         |   |        | $ | 95      |   |        | $ | 96    | 
|                                                                                                                               |  |                                                          |  | Elzira & Luc Cab Inc.                                                  |  |                 |  | Term loan    |  | 08/17/10    |     | 08/17/13 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 8.25  | % |          | $ | 0       |           |       |   |         |   |        | $ | 52      |   |        | $ | 53    | 
|                                                                                                                               |  |                                                          |  | Hantin Transportation Inc                                              |  |                 |  | Term loan    |  | 09/22/11    |     | 10/01/12 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 8.25  | % |          | $ | 0       |           |       | $ | 50      |   |        | $ | 50      |   |        | $ | 52    | 
|                                                                                                                               |  |                                                          |  | Elysse Corporation &                                                   |  |                 |  | Term loan    |  | 09/10/10    |     | 03/10/18 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 8.25  | % |          | $ | 0       |           |       |   |         |   |        | $ | 35      |   |        | $ | 37    | 
|                                                                                                                               |  |                                                          |  | Spsa-1 Inc; Saps-2 Inc; Psas                                           |  |                 |  | Term loan    |  | 10/15/04    |     | 10/13/12 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 7.50  | % |          | $ | 0       |           |       |   |         |   |        | $ | 26      |   |        | $ | 26    | 
|                                                                                                                               |  |                                                          |  | Morocco Taxi Llc/Mbank                                                 |  |                 |  | Term loan    |  | 12/21/10    |     | 12/20/13 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 6.38  | % |          | $ | 0       |           |       |   |         |   |        | $ | 24      |   |        | $ | 24    | 
|                                                                                                                               |  |                                                          |  | Congo Taxi Llc/Mbank                                                   |  |                 |  | Term loan    |  | 02/10/11    |     | 02/10/14 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 6.38  | % |          | $ | 0       |           |       | $ | 23      |   |        | $ | 23      |   |        | $ | 23    | 
|                                                                                                                               |  |                                                          |  | Kenya Taxi Llc/Mbank                                                   |  |                 |  | Term loan    |  | 02/10/11    |     | 02/10/14 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 6.38  | % |          | $ | 0       |           |       | $ | 23      |   |        | $ | 22      |   |        | $ | 22    | 
|                                                                                                                               |  |                                                          |  | Oddy Transportation Services I                                         |  |                 |  | Term loan    |  | 11/26/07    |     | 11/27/14 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 8.00  | % |          | $ | 0       |           |       |   |         |   |        | $ | 20      |   |        | $ | 20    | 
|                                                                                                                               |  |                                                          |  | Wiljean Marcelin/Fs                                                    |  |                 |  | Term loan    |  | 11/17/10    |     | 12/01/15 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 7.00  | % |          | $ | 0       |           |       |   |         |   |        | $ | 15      |   |        | $ | 15    | 
|                                                                                                                               |  |                                                          |  | Odney Cab Inc/Mbank                                                    |  |                 |  | Term loan    |  | 12/22/10    |     | 12/22/15 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 11.50 | % |          | $ | 0       |           |       |   |         |   |        | $ | 7       |   |        | $ | 7     | 
|                                                                                                                               |  |                                                          |  | Durosier Xavier/Mbank                                                  |  |                 |  | Term loan    |  | 08/16/10    |     | 07/01/15 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 7.25  | % |          | $ | 0       |           |       |   |         |   |        | $ | 3       |   |        | $ | 3     | 
|                                                                                                                               |  |                                                          |  |                                                                        |  |                 |  |              |  |             |     |          |               |  |     |                  |    |   |                     |   |       |                                     |       |   |          |   |         |           |       |   |         |   |        |   |         |   |        |   |       | 
|Total medallion loans ($243,057 pledged as collateral under borrowing arrangements)                                            |  |                                                          |  |                                                                        |  |                 |  |              |  |             | 848 |          |               |  | 179 | %                |    |   | 5.11                | % |       | $                                   | 0     |   |          | $ | 207,858 |           |       | $ | 306,771 |   |        | $ | 307,167 |  
|                                                                                                                               |  |                                                          |  |                                                                        |  |                 |  |              |  |             |     |          |               |  |     |                  |    |   |                     |   |       |                                     |       |   |          |   |         |           |       |   |         |   |        |   |         |   |        |   |       | 
|Commercial Loans                                                                                                               |  |                                                          |  |                                                                        |  |                 |  |              |  |             |     |          |               |  |     |                  |    |   |                     |   |       |                                     |       |   |          |   |         |           |       |   |         |   |        |   |         |   |        |   |       | 
|Secured mezzanine (18% Florida, 14% Minnesota, 14% Oklahoma, 10% Indiana,9% California, 7% Texas
and 28% all other states) (2) |  |                                                          |  |                                                                        |  |                 |  |              |  |             |     |          |               |  |     |                  |    |   |                     |   |       |                                     |       |   |          |   |         |           |       |   |         |   |        |   |         |  
|Accommodation and Food Services (4% of the total)                                                                              |  | Javier & David                                           |  |                                                                        |  | Term loan       |  | 11/05/10     |  | 11/05/15    |     |          | 1             |  |     |                  | *  |   |                     |   | 9.25  | %                                   |       | $ | 0        |   |         |           |       |   |         | $ | 639    |   |         | $ | 634    |  
|                                                                                                                               |  |                                                          |  | Star & (interest rate includes PIK interest of 3.5%)                   |  |                 |  | Term loan    |  | 09/23/97    |     | 10/01/15 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 10.00 | % |          | $ | 0       |           |       |   |         |   |        | $ | 1,432   |   |        | $ | 466   | 
|                                                                                                                               |  |                                                          |  | Multiconcepts & (interest rate includes PIK interest of 3.5%)          |  |                 |  | Term loan    |  | 12/22/94    |     | 10/01/15 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 10.00 | % |          | $ | 386     |           |       |   |         |   |        | $ | 1,468   |   |        | $ | 388   | 
|Administrative and Support Services (5% of the total)                                                                          |  | Staff One &                                              |  |                                                                        |  | Term loan       |  | 06/30/08     |  | 12/31/13    |     |          | 1             |  |     |                  | 1  | % |                     |   | 13.00 | %                                   |       | $ | 0        |   |         |           |       |   |         | $ | 3,306  |   |         | $ | 1,850  |  
|                                                                                                                               |  |                                                          |  | Staff One &                                                            |  |                 |  | Term loan    |  | 09/15/11    |     | 12/31/13 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 13.00 | % |          | $ | 0       |           |       | $ | 100     |   |        | $ | 100     |   |        | $ | 100   | 
|                                                                                                                               |  |                                                          |  | Ecological Systems (Esi) & (interest rate includes PIK interest of 9%) |  |                 |  | Term loan    |  | 01/14/05    |     | 01/14/10 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 19.00 | % |          | $ | 275     |           |       |   |         |   |        | $ | 5,070   |   |        | $ | 0     | 
|Arts, Entertainment, and Recreation (9% of the total)                                                                          |  | Rpac Racing (interest rate includes PIK interest of 10%) |  |                                                                        |  | Term loan       |  | 11/19/10     |  | 11/19/15    |     |          | 1             |  |     |                  | 2  | % |                     |   | 10.00 | %                                   |       | $ | 340      |   |         |           |       |   |         | $ | 3,379  |   |         | $ | 3,379  |  
|Health Care and Social Assistance (3% of the total)                                                                            |  | +                                                        |  | Will Vision &                                                          |  |                 |  | Term loan    |  | 12/31/98    |     | 06/30/17 |               |  | 1   |                  |    |   | 1                   | % |       |                                     | 7.00  | % |          | $ | 0       |           |       |   |         |   |        | $ | 1,386   |   |        | $ | 986   | 
|Manufacturing (67% of the total)                                                                                               |  | +                                                        |  | Reel Power (interest rate includes PIK interest of 2%)                 |  |                 |  | Term loan    |  | 08/04/08    |     | 02/04/14 |               |  | 1   |                  |    |   | 2                   | % |       |                                     | 14.00 | % |          | $ | 86      |           |       |   |         |   |        | $ | 3,586   |   |        | $ | 3,586 | 
|                                                                                                                               |  |                                                          |  | Process Fab & (interest rate includes PIK interest of 3%)              |  |                 |  | Term loan    |  | 04/17/08    |     | 04/17/15 |               |  | 1   |                  |    |   | 2                   | % |       |                                     | 14.00 | % |          | $ | 384     |           |       |   |         |   |        | $ | 4,884   |   |        | $ | 3,358 | 
|                                                                                                                               |  |                                                          |  | Motion Tech (interest rate includes PIK interest of 6%)                |  |                 |  | Term loan    |  | 12/23/10    |     | 12/23/15 |               |  | 1   |                  |    |   | 2                   | % |       |                                     | 18.00 | % |          | $ | 189     |           |       |   |         |   |        | $ | 3,189   |   |        | $ | 3,195 | 
|                                                                                                                               |  |                                                          |  | Imperial (interest rate includes PIK interest of 3%)                   |  |                 |  | Term loan    |  | 12/15/11    |     | 12/31/16 |               |  | 1   |                  |    |   | 2                   | % |       |                                     | 15.00 | % |          | $ | 4       |           |       | $ | 2,800   |   |        | $ | 2,804   |   |        | $ | 2,823 | 
|                                                                                                                               |  | +                                                        |  | Packaging Specialists (interest rate includes PIK interest of 6%)      |  |                 |  | Term loan    |  | 04/01/08    |     | 04/01/13 |               |  | 1   |                  |    |   | 1                   | % |       |                                     | 14.00 | % |          | $ | 191     |           |       |   |         |   |        | $ | 2,191   |   |        | $ | 2,191 | 
|                                                                                                                               |  |                                                          |  | Aeration & (interest rate includes PIK interest of 6%)                 |  |                 |  | Term loan    |  | 12/30/10    |     | 06/30/16 |               |  | 1   |                  |    |   | 1                   | % |       |                                     | 18.00 | % |          | $ | 81      |           |       |   |         |   |        | $ | 2,416   |   |        | $ | 2,190 | 
|                                                                                                                               |  |                                                          |  | Dynamic Systems (interest rate includes PIK interest of 3.5%)          |  |                 |  | Term loan    |  | 12/23/10    |     | 12/23/17 |               |  | 1   |                  |    |   | 1                   | % |       |                                     | 15.50 | % |          | $ | 74      |           |       |   |         |   |        | $ | 2,074   |   |        | $ | 2,074 | 
|                                                                                                                               |  | +                                                        |  | Paca Foods                                                             |  |                 |  | Term loan    |  | 12/31/10    |     | 12/31/15 |               |  | 1   |                  |    |   | 1                   | % |       |                                     | 14.00 | % |          | $ | 0       |           |       |   |         |   |        | $ | 1,500   |   |        | $ | 1,499 | 
|                                                                                                                               |  | +                                                        |  | Paca Foods                                                             |  |                 |  | Term loan    |  | 12/31/10    |     | 12/31/15 |               |  | 1   |                  |    |   | 1                   | % |       |                                     | 12.00 | % |          | $ | 0       |           |       |   |         |   |        | $ | 1,500   |   |        | $ | 1,499 | 
|                                                                                                                               |  |                                                          |  | Orchard &                                                              |  |                 |  | Term loan    |  | 03/10/99    |     | 03/31/10 |               |  | 1   |                  |    |   | 1                   | % |       |                                     | 13.00 | % |          | $ | 0       |           |       |   |         |   |        | $ | 1,420   |   |        | $ | 1,220 | 
|                                                                                                                               |  | +                                                        |  | Waltek & (interest rate includes PIK interest of 12%)                  |  |                 |  | Term loan    |  | 03/31/06    |     | 03/31/13 |               |  | 1   |                  |    |   | 1                   | % |       |                                     | 12.00 | % |          | $ | 92      |           |       |   |         |   |        | $ | 1,071   |   |        | $ | 1,071 | 
|                                                                                                                               |  | +                                                        |  | Door Engineering                                                       |  |                 |  | Term loan    |  | 12/15/04    |     | 12/15/12 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 13.00 | % |          | $ | 0       |           |       |   |         |   |        | $ | 640     |   |        | $ | 635   | 
|                                                                                                                               |  | +                                                        |  | Quaker Bakery                                                          |  |                 |  | Term loan    |  | 10/02/06    |     | 03/01/12 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 12.00 | % |          | $ | 0       |           |       |   |         |   |        | $ | 185     |   |        | $ | 185   | 
|Professional, Scientific, and Technical Services (0% of the total)                                                             |  | Mccaully &                                               |  |                                                                        |  | Term loan       |  | 10/26/11     |  | 11/01/14    |     |          | 1             |  |     |                  | *  |   |                     |   | 10.00 | %                                   |       | $ | 0        |   |         | $         | 150   |   |         | $ | 145    |   |         | $ | 45     |  
|Retail Trade (1% of the total)                                                                                                 |  | Retail & (interest rate includes PIK interest of 3.5%)   |  |                                                                        |  | Term loan       |  | 09/23/97     |  | 10/01/15    |     |          | 1             |  |     |                  | *  |   |                     |   | 10.00 | %                                   |       | $ | 143      |   |         |           |       |   |         | $ | 752    |   |         | $ | 376    |  
|Wholesale Trade (11% of the total)                                                                                             |  | (interest rate includes PIK interest of 5%)              |  |                                                                        |  | Term loan       |  | 06/01/07     |  | 04/24/14    |     |          | 1             |  |     |                  | 2  | % |                     |   | 13.00 | %                                   |       | $ | 0        |   |         |           |       |   |         | $ | 4,000  |   |         | $ | 4,000  |  
|                                                                                                                               |  | +                                                        |  | Las Olas &                                                             |  |                 |  | Term loan    |  | 03/31/08    |     | 03/31/13 |               |  | 1   |                  |    |   | *                   |   |       |                                     | 16.00 | % |          | $ | 0       |           |       |   |         |   |        | $ | 2,484   |   |        | $ | 101   | 
|                                                                                                                               |  |                                                          |  |                                                                        |  |                 |  |              |  |             |     |          |               |  |     |                  |    |   |                     |   |       |                                     |       |   |          |   |         |           |       |   |         |   |        |   |         |   |        |   |       | 
|Total secured mezzanine
(2)                                                                                                    |  |                                                          |  |                                                                        |  |                 |  |              |  |             |     |          | 25            |  |     |                  | 22 | % |                     |   | 14.04 | %                                   |       | $ | 2,246    |   |         | $         | 3,050 |   |         | $ | 51,622 |   |         | $ | 37,851 |  
|                                                                                                                               |  |                                                          |  |                                                                        |  |                 |  |              |  |             |     |          |               |  |     |                  |    |   |                     |   |       |                                     |       |   |          |   |         |           |       |   |         |   |        |   |         |   |        |   |       | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



|                                                                              |  |                                |  |  |    |  |                                                       |                          |                  |          |               |          |             |  |   |               |   |   |                  |   |      |                     |       |   |                                    |   |   |          |     |   |           |   |       |    |       |   |       |    |       |  
|----------------------------------------------------------------------------- |  | ------------------------------ |  |  | -- |  | ----------------------------------------------------- | ------------------------ | ---------------- | -------- | ------------- | -------- | ----------- |  | - | ------------- | - | - | ---------------- | - | ---- | ------------------- | ----- | - | ---------------------------------- | - | - | -------- | --- | - | --------- | - | ----- | -- | ----- | - | ----- | -- | ----- | -
|(Dollars in thousands)                                                        |  | Obligor Name                   |  |  |    |  | Security Type
(all restricted unless otherwise noted) |                          | Acquisition
Date |          | Maturity
Date |          | # ofInvest. |  |   | % ofNetAssets |   |   | InterestRate (1) |   |      | CapitalizedInterest |       |   | OriginalCost of2011Acquisitions(5) |   |   | Cost (4) |     |   | FairValue |  
|Asset-based (82% New York, 13% New Jersey and 5% all other states)            |  |                                |  |  |    |  |                                                       |                          |                  |          |               |          |             |  |   |               |   |   |                  |   |      |                     |       |   |                                    |   |   |          |     |   |           |   |       |    |       |   |       |   
|Accommodation and Food Services (5% of the total)                             |  | Flaum Appetizing Corp.         |  |  |    |  |                                                       | Revolving line of credit |                  | 04/27/11 |               | 04/27/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.00  | % |                                    | $ | 0 |          |     | $ | 51        |   |       | $  | 57    |   |       | $  | 60    |  
|Administrative and Support Services (4% of the total)                         |  | Raritan Building Service Corp  |  |  |    |  |                                                       | Revolving line of credit |                  | 06/30/07 |               | 06/30/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.50  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 242   |   |       | $  | 236   |  
|                                                                              |  | Hhcny, Inc.                    |  |  |    |  |                                                       | Revolving line of credit |                  | 06/22/04 |               | 06/22/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 145   |   |       | $  | 137   |  
|Construction (7% of the total)                                                |  | Triple A. Supplies, Inc.       |  |  | ## |  |                                                       | Revolving line of credit |                  | 07/20/99 |               | 07/20/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 626   |   |       | $  | 617   |  
|                                                                              |  | Basic / Dritac                 |  |  |    |  |                                                       | Revolving line of credit |                  | 06/29/99 |               | 06/29/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.00  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 40    |   |       | $  | 40    |  
|Finance and Insurance (7% of the total)                                       |  | Merchant Advance, Llc          |  |  |    |  |                                                       | Revolving line of credit |                  | 10/25/05 |               | 10/25/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.25  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 250   |   |       | $  | 243   |  
|                                                                              |  | Us Military                    |  |  |    |  |                                                       | Revolving line of credit |                  | 07/25/07 |               | 07/25/12 |             |  | 1 |               |   |   | *                |   |      |                     | 4.25  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 153   |   |       | $  | 144   |  
|                                                                              |  | Special Financing Company, Llc |  |  |    |  |                                                       | Revolving line of credit |                  | 02/06/02 |               | 02/06/12 |             |  | 1 |               |   |   | *                |   |      |                     | 8.25  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 92    |   |       | $  | 91    |  
|                                                                              |  | United First Federal Corp.     |  |  |    |  |                                                       | Revolving line of credit |                  | 08/04/03 |               | 08/04/12 |             |  | 1 |               |   |   | *                |   |      |                     | 7.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 92    |   |       | $  | 90    |  
|                                                                              |  | Ras Group, Inc.                |  |  |    |  |                                                       | Revolving line of credit |                  | 02/14/08 |               | 02/14/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.50  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 93    |   |       | $  | 89    |  
|                                                                              |  | North Shore Leasing & Funding  |  |  |    |  |                                                       | Revolving line of credit |                  | 11/10/11 |               | 11/10/12 |             |  | 1 |               |   |   | *                |   |      |                     | 8.25  | % |                                    | $ | 0 |          |     | $ | 38        |   |       | $  | 38    |   |       | $  | 29    |  
|Health Care and Social Assistance (3% of the total)                           |  | Heart To Heart Home Care       |  |  | ## |  |                                                       | Revolving line of credit |                  | 10/02/07 |               | 10/02/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 201   |   |       | $  | 185   |  
|                                                                              |  | Tri-Borough Home Care, Ltd     |  |  |    |  |                                                       | Revolving line of credit |                  | 12/01/10 |               | 12/01/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.00  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 89    |   |       | $  | 91    |  
|Manufacturing (3% of the total)                                               |  | Fine Line Graphics, Inc.       |  |  |    |  |                                                       | Revolving line of credit |                  | 11/29/05 |               | 11/29/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.50  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 179   |   |       | $  | 169   |  
|                                                                              |  | Absecon Mills, Inc.            |  |  | ## |  |                                                       | Revolving line of credit |                  | 07/07/04 |               | 07/07/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.25  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 87    |   |       | $  | 80    |  
|                                                                              |  | Douglass Industries, Inc.      |  |  | ## |  |                                                       | Revolving line of credit |                  | 07/07/04 |               | 07/07/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.25  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 52    |   |       | $  | 50    |  
|                                                                              |  | Danbury Pharma, Llc            |  |  |    |  |                                                       | Revolving line of credit |                  | 05/06/11 |               | 05/06/12 |             |  | 1 |               |   |   | *                |   |      |                     | 7.00  | % |                                    | $ | 0 |          |     | $ | 34        |   |       | $  | 42    |   |       | $  | 47    |  
|                                                                              |  | Jlm Couture Inc.               |  |  |    |  |                                                       | Revolving line of credit |                  | 06/22/10 |               | 06/22/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 21    |   |       | $  | 21    |  
|                                                                              |  | Matthew Die Division Llc       |  |  |    |  |                                                       | Revolving line of credit |                  | 02/18/10 |               | 02/18/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.25  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 20    |   |       | $  | 20    |  
|                                                                              |  | Summit Steel & Manufacturing   |  |  |    |  |                                                       | Revolving line of credit |                  | 08/01/08 |               | 08/01/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.50  | % |                                    | $ | 0 |          |     |   |           |   |       | ($ | 53    | ) |       | ($ | 59    | )
|Retail Trade (6% of the total)                                                |  | Cnc Associated N.Y.            |  |  |    |  |                                                       | Revolving line of credit |                  | 07/24/01 |               | 07/24/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 217   |   |       | $  | 214   |  
|                                                                              |  | The Dependable Food Corp.      |  |  | ## |  |                                                       | Revolving line of credit |                  | 10/19/98 |               | 10/19/12 |             |  | 1 |               |   |   | *                |   |      |                     | 4.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 213   |   |       | $  | 210   |  
|                                                                              |  | I & E Tire Corp.               |  |  | ## |  |                                                       | Revolving line of credit |                  | 12/21/98 |               | 12/21/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 175   |   |       | $  | 173   |  
|                                                                              |  | Colt, Inc.                     |  |  |    |  |                                                       | Revolving line of credit |                  | 10/12/04 |               | 10/12/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.11  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 54    |   |       | $  | 50    |  
|                                                                              |  | Cyrus R. Fox, Inc.             |  |  | ## |  |                                                       | Revolving line of credit |                  | 08/31/06 |               | 08/31/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | ($ | 10    | ) |       | ($ | 16    | )
|Transportation and Warehousing (20% of the total)                             |  | Fleet Radio Dispatch Corp.     |  |  | ## |  |                                                       | Revolving line of credit |                  | 12/31/01 |               | 12/31/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.00  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 824   |   |       | $  | 812   |  
|                                                                              |  | Communicar Incorporated        |  |  | ## |  |                                                       | Revolving line of credit |                  | 02/06/04 |               | 02/06/12 |             |  | 1 |               |   |   | *                |   |      |                     | 7.25  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 517   |   |       | $  | 509   |  
|                                                                              |  | Big Daddy Drayage, Inc.        |  |  |    |  |                                                       | Revolving line of credit |                  | 10/18/06 |               | 10/18/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 247   |   |       | $  | 236   |  
|                                                                              |  | Chauffeured Services Unlimited |  |  |    |  |                                                       | Revolving line of credit |                  | 05/02/06 |               | 05/02/12 |             |  | 1 |               |   |   | *                |   |      |                     | 8.00  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 200   |   |       | $  | 197   |  
|                                                                              |  | Luxury Worldwide               |  |  |    |  |                                                       | Revolving line of credit |                  | 07/20/07 |               | 07/20/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 97    |   |       | $  | 93    |  
|Wholesale Trade (40% of the total                                             |  | Newburg Egg Corp.              |  |  | ## |  |                                                       | Revolving line of credit |                  | 03/16/99 |               | 03/16/12 |             |  | 1 |               |   |   | 1                | % |      |                     | 6.00  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 1,446 |   |       | $  | 1,425 |  
|                                                                              |  | Capitalsea, Llc                |  |  | ## |  |                                                       | Revolving line of credit |                  | 11/07/05 |               | 11/07/12 |             |  | 1 |               |   |   | 1                | % |      |                     | 4.50  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 1,349 |   |       | $  | 1,321 |  
|                                                                              |  | Atlantic Veal & Lamb, Inc.     |  |  | ## |  |                                                       | Revolving line of credit |                  | 08/15/01 |               | 08/15/12 |             |  | 1 |               |   |   | 1                | % |      |                     | 5.50  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 970   |   |       | $  | 957   |  
|                                                                              |  | Rel International              |  |  |    |  |                                                       | Revolving line of credit |                  | 04/11/07 |               | 04/11/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.25  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 238   |   |       | $  | 232   |  
|                                                                              |  | Pride Of Neptune, Inc.         |  |  | ## |  |                                                       | Revolving line of credit |                  | 01/14/02 |               | 01/14/12 |             |  | 1 |               |   |   | *                |   |      |                     | 4.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 217   |   |       | $  | 214   |  
|                                                                              |  | Magic Moments                  |  |  |    |  |                                                       | Revolving line of credit |                  | 01/23/08 |               | 01/23/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 88    |   |       | $  | 86    |  
|                                                                              |  | Plymouth Rock Fuel Corp        |  |  |    |  |                                                       | Revolving line of credit |                  | 11/16/10 |               | 11/16/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 69    |   |       | $  | 60    |  
|                                                                              |  | Banner Smoked Fish, Inc.       |  |  | ## |  |                                                       | Revolving line of credit |                  | 03/27/01 |               | 03/27/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.25  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 54    |   |       | $  | 54    |  
|                                                                              |  | Garden State Dental Supplies   |  |  |    |  |                                                       | Revolving line of credit |                  | 02/04/11 |               | 02/04/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.75  | % |                                    | $ | 0 |          |     | $ | 44        |   |       | $  | 46    |   |       | $  | 49    |  
|                                                                              |  | Snow Shoe Refractories, Llc    |  |  |    |  |                                                       | Revolving line of credit |                  | 11/30/11 |               | 11/30/12 |             |  | 1 |               |   |   | *                |   |      |                     | 6.00  | % |                                    | $ | 0 |          |     | $ | 40        |   |       | $  | 48    |   |       | $  | 47    |  
|                                                                              |  | Medicom Llc                    |  |  |    |  |                                                       | Revolving line of credit |                  | 07/28/10 |               | 07/28/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.75  | % |                                    | $ | 0 |          |     |   |           |   |       | $  | 21    |   |       | $  | 20    |  
|                                                                              |  | Two Cousins Fish Market, Inc.  |  |  |    |  |                                                       | Revolving line of credit |                  | 01/23/99 |               | 01/23/12 |             |  | 1 |               |   |   | *                |   |      |                     | 5.25  | % |                                    | $ | 0 |          |     |   |           |   |       | ($ | 158   | ) |       | ($ | 158   | )
|                                                                              |  |                                |  |  |    |  |                                                       |                          |                  |          |               |          |             |  |   |               |   |   |                  |   |      |                     |       |   |                                    |   |   |          |     |   |           |   |       |    |       |   |       |    |       |  
|Total asset-based ($6,506 pledged as collateral under borrowing arrangements) |  |                                |  |  |    |  |                                                       |                          |                  |          |               |          | 42          |  |   |               | 5 | % |                  |   | 5.77 | %                   |       | $ | 0                                  |   |   | $        | 207 |   |           | $ | 9,388 |    |       | $ | 9,165 |   
|                                                                              |  |                                |  |  |    |  |                                                       |                          |                  |          |               |          |             |  |   |               |   |   |                  |   |      |                     |       |   |                                    |   |   |          |     |   |           |   |       |    |       |   |       |    |       |  
|Other secured commercial (83% New York, 15% New Jersey and 2% Illinois)       |  |                                |  |  |    |  |                                                       |                          |                  |          |               |          |             |  |   |               |   |   |                  |   |      |                     |       |   |                                    |   |   |          |     |   |           |   |       |    |       |   |       |   
|Accommodation and Food Services (54% of the total)                            |  | Dune Deck Owners Corp          |  |  | ## |  |                                                       | Term loan                |                  | 04/24/07 |               | 03/31/14 |             |  | 1 |               |   |   | 2                | % |      |                     | 7.25  | % |                                    | $ | 0 |          |     | $ | 0         |   |       | $  | 3,097 |   |       | $  | 3,097 |  
|                                                                              |  | El Tropico Family Rest Ii Llc  |  |  |    |  |                                                       | Term loan                |                  | 11/29/05 |               | 11/18/12 |             |  | 1 |               |   |   | *                |   |      |                     | 10.75 | % |                                    | $ | 0 |          |     | $ | 0         |   |       | $  | 309   |   |       | $  | 309   |  



---

Medallion Financial Corp.

Consolidated Schedules of Investments

December 31, 2011



|                                                                                                 |  |                                |     |                                                     |  |                 |          |   |              |          |             |   |   |               |       |  |                  |   |       |                     |       |   |                                    |   |   |          |        |   |           |  |  |   |        |  |  |   |        | 
|------------------------------------------------------------------------------------------------ |  | ------------------------------ | --- | --------------------------------------------------- |  | --------------- | -------- | - | ------------ | -------- | ----------- | - | - | ------------- | ----- |  | ---------------- | - | ----- | ------------------- | ----- | - | ---------------------------------- | - | - | -------- | ------ | - | --------- |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in
thousands)                                                                           |  | Obligor Name                   |     | Security Type(all restricted unlessotherwise noted) |  | AcquisitionDate |          |   | MaturityDate |          | # ofInvest. |   |   | % ofNetAssets |       |  | InterestRate (1) |   |       | CapitalizedInterest |       |   | OriginalCost of2011Acquisitions(5) |   |   | Cost (4) |        |   | FairValue | 
|                                                                                                 |  | Cardenas Corp                  |     | Term loan                                           |  |                 | 07/29/08 |   |              | 07/29/14 |             |   | 1 |               |       |  | *                |   |       |                     | 10.50 | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 213    |  |  | $ | 211    | 
|                                                                                                 |  | Pc One Inc Dba The Willett Hou |     | Term loan                                           |  |                 | 05/25/05 |   |              | 03/25/13 |             |   | 1 |               |       |  | *                |   |       |                     | 8.50  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 181    |  |  | $ | 181    | 
|                                                                                                 |  | Dna Restaurant Corp            |     | Term loan                                           |  |                 | 07/14/06 |   |              | 10/14/12 |             |   | 1 |               |       |  | *                |   |       |                     | 12.50 | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 34     |  |  | $ | 34     | 
|                                                                                                 |  | El Tropico Family Rest Ii/B No |     | Term loan                                           |  |                 | 12/23/08 |   |              | 06/25/12 |             |   | 1 |               |       |  | *                |   |       |                     | 11.00 | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 3      |  |  | $ | 3      | 
|Arts, Entertainment, and Recreation (4% of the total)                                            |  | Prompt Appraisals Inc &        |     | Term loan                                           |  |                 | 01/24/07 |   |              | 05/28/15 |             |   | 1 |               |       |  | *                |   |       |                     | 6.50  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 390    |  |  | $ | 265    | 
|Other Services (except Public Administration) (4% of the total)                                  |  | 2617 S Wabash Ave Realty Llc   |     | Term loan                                           |  |                 | 01/16/04 |   |              | 01/16/14 |             |   | 1 |               |       |  | *                |   |       |                     | 5.50  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 151    |  |  | $ | 151    | 
|                                                                                                 |  | Newco Laundry Systems I Inc    |     | Term loan                                           |  |                 | 05/02/09 |   |              | 05/02/14 |             |   | 1 |               |       |  | *                |   |       |                     | 6.50  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 131    |  |  | $ | 132    | 
|Real Estate and Rental and Leasing (3% of the total)                                             |  | Rala Management                |     | Term loan                                           |  |                 | 04/22/99 |   |              | 09/01/15 |             |   | 1 |               |       |  | *                |   |       |                     | 5.50  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 137    |  |  | $ | 137    | 
|                                                                                                 |  | Thursday Morning Inc           |     | Term loan                                           |  |                 | 04/01/10 |   |              | 04/01/15 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 80     |  |  | $ | 73     | 
|Retail Trade (31% of the total)                                                                  |  | Guyonamar Food Corp            |     | Term loan                                           |  |                 | 03/17/11 |   |              | 03/17/16 |             |   | 1 |               |       |  | *                |   |       |                     | 9.25  | % |                                    | $ | 0 |          |        | $ | 800       |  |  | $ | 763    |  |  | $ | 758    | 
|                                                                                                 |  | 616 Broadway Llc               |     | Term loan                                           |  |                 | 02/10/11 |   |              | 12/17/14 |             |   | 1 |               |       |  | *                |   |       |                     | 8.50  | % |                                    | $ | 0 |          |        | $ | 370       |  |  | $ | 355    |  |  | $ | 357    | 
|                                                                                                 |  | Drr Enterprises Llc            |     | Term loan                                           |  |                 | 10/28/08 |   |              | 10/17/13 |             |   | 1 |               |       |  | *                |   |       |                     | 11.00 | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 200    |  |  | $ | 200    | 
|                                                                                                 |  | Red Hook Meat Corp &           |     | Term loan                                           |  |                 | 09/24/07 |   |              | 03/14/13 |             |   | 1 |               |       |  | *                |   |       |                     | 11.50 | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 437    |  |  | $ | 167    | 
|                                                                                                 |  | New Era Meat Supermarket Llc   |     | Term loan                                           |  |                 | 09/13/06 |   |              | 01/13/12 |             |   | 1 |               |       |  | *                |   |       |                     | 12.00 | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 137    |  |  | $ | 137    | 
|                                                                                                 |  | Mi Favorita Food Corp          |     | Term loan                                           |  |                 | 08/13/09 |   |              | 12/26/14 |             |   | 1 |               |       |  | *                |   |       |                     | 9.25  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 127    |  |  | $ | 127    | 
|                                                                                                 |  | Moderne Barn Wines&Spirits Inc |     | Term loan                                           |  |                 | 12/07/09 |   |              | 08/09/16 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 105    |  |  | $ | 105    | 
|                                                                                                 |  | G&C Grocery Inc &              |     | Term loan                                           |  |                 | 05/19/08 |   |              | 08/23/15 |             |   | 1 |               |       |  | *                |   |       |                     | 0.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 104    |  |  | $ | 104    | 
|                                                                                                 |  | 39-04 Skillman Llc & G&A Auto  |     | Term loan                                           |  |                 | 08/04/11 |   |              | 08/04/14 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        | $ | 875       |  |  | $ | 94     |  |  | $ | 96     | 
|                                                                                                 |  | East Bronx Food Corp           |     | Term loan                                           |  |                 | 04/23/08 |   |              | 04/23/13 |             |   | 1 |               |       |  | *                |   |       |                     | 11.00 | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 86     |  |  | $ | 85     | 
|                                                                                                 |  | Julio Castillo                 |     | Term loan                                           |  |                 | 08/18/08 |   |              | 08/18/13 |             |   | 1 |               |       |  | *                |   |       |                     | 10.50 | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 66     |  |  | $ | 66     | 
|                                                                                                 |  | Salomon Deli Grocery Corp      |     | Term loan                                           |  |                 | 05/19/08 |   |              | 05/19/13 |             |   | 1 |               |       |  | *                |   |       |                     | 10.75 | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 61     |  |  | $ | 61     | 
|Transportation and Warehousing (4% of the total)                                                 |  | United Management Group Inc    |     | Term loan                                           |  |                 | 08/25/10 |   |              | 08/18/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 54     |  |  | $ | 55     | 
|                                                                                                 |  | United Management Group Inc    |     | Term loan                                           |  |                 | 12/08/10 |   |              | 12/06/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 36     |  |  | $ | 37     | 
|                                                                                                 |  | United Management Group Inc    |     | Term loan                                           |  |                 | 11/01/10 |   |              | 10/28/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 33     |  |  | $ | 34     | 
|                                                                                                 |  | United Management Group Inc    |     | Term loan                                           |  |                 | 07/14/10 |   |              | 07/12/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 32     |  |  | $ | 33     | 
|                                                                                                 |  | United Management Group Inc    |     | Term loan                                           |  |                 | 07/26/10 |   |              | 07/22/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 24     |  |  | $ | 25     | 
|                                                                                                 |  | United Management Group Inc    |     | Term loan                                           |  |                 | 06/11/10 |   |              | 06/08/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 24     |  |  | $ | 24     | 
|                                                                                                 |  | United Management Group Inc    |     | Term loan                                           |  |                 | 10/07/10 |   |              | 10/05/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 20     |  |  | $ | 21     | 
|                                                                                                 |  | Pro-Serve Auto Care Inc        |     | Term loan                                           |  |                 | 12/02/10 |   |              | 11/22/13 |             |   | 1 |               |       |  | *                |   |       |                     | 6.50  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 19     |  |  | $ | 20     | 
|                                                                                                 |  | United Management Group Inc    |     | Term loan                                           |  |                 | 06/21/10 |   |              | 06/14/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 14     |  |  | $ | 15     | 
|                                                                                                 |  | United Management Group Inc    |     | Term loan                                           |  |                 | 09/15/10 |   |              | 09/15/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 10     |  |  | $ | 11     | 
|                                                                                                 |  | Mcguinness Management Corp     |     | Term loan                                           |  |                 | 09/01/10 |   |              | 09/01/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.50  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 5      |  |  | $ | 6      | 
|                                                                                                 |  | Pro-Serve Auto Care Inc        |     | Term loan                                           |  |                 | 07/07/09 |   |              | 06/19/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.50  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 2      |  |  | $ | 2      | 
|                                                                                                 |  | United Management Group Inc    |     | Term loan                                           |  |                 | 01/15/10 |   |              | 01/12/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.25  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 2      |  |  | $ | 2      | 
|                                                                                                 |  | Pro-Serve Auto Care Inc        |     | Term loan                                           |  |                 | 06/08/09 |   |              | 05/26/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.50  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 1      |  |  | $ | 1      | 
|                                                                                                 |  | Pro-Serve Auto Care Inc        |     | Term loan                                           |  |                 | 06/08/09 |   |              | 05/26/12 |             |   | 1 |               |       |  | *                |   |       |                     | 6.50  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 0      |  |  | $ | 0      | 
|                                                                                                 |  |                                |     |                                                     |  |                 |          |   |              |          |             |   |   |               |       |  |                  |   |       |                     |       |   |                                    |   |   |          |        |   |           |  |  |   |        |  |  |   |        | 
|Total other secured commercial loans ($3,097 pledged as collateral under borrowing
arrangements) |  |                                | 38  |                                                     |  |                 | 4        | % |              |          | 8.06        | % |   | $             | 0     |  |                  | $ | 2,045 |                     |       | $ | 7,539                              |   |   | $        | 7,143  |  
|                                                                                                 |  |                                |     |                                                     |  |                 |          |   |              |          |             |   |   |               |       |  |                  |   |       |                     |       |   |                                    |   |   |          |        |   |           |  |  |   |        |  |  |   |        | 
|Total commercial loans ($9,603 pledged as collateral under borrowing arrangements)(2)            |  |                                | 105 |                                                     |  |                 | 32       | % |              |          | 12.25       | % |   | $             | 2,246 |  |                  | $ | 5,303 |                     |       | $ | 68,549                             |   |   | $        | 54,159 |  
|                                                                                                 |  |                                |     |                                                     |  |                 |          |   |              |          |             |   |   |               |       |  |                  |   |       |                     |       |   |                                    |   |   |          |        |   |           |  |  |   |        |  |  |   |        | 
|Commercial Banking                                                                               |  | Medallion Bank                 |     | 100% of common stock                                |  |                 | 05/16/02 |   |              | None     |             |   | 1 |               |       |  | 48               | % |       |                     | 6.58  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 82,852 |  |  | $ | 82,852 | 
|Real Estate                                                                                      |  | Medallion Hamptons Holding LLC |     | 100% of membership interests                        |  |                 | 06/21/05 |   |              | None     |             |   | 1 |               |       |  | 1                | % |       |                     | 0.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 2,436  |  |  | $ | 2,436  | 
|Loan Servicing                                                                                   |  | Medallion Servicing Corp.      |     | 100% of common stock                                |  |                 | 11/05/10 |   |              | None     |             |   | 1 |               |       |  | *                |   |       |                     | 0.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 577    |  |  | $ | 577    | 
|Advertising                                                                                      |  | Generation Outdoor, Inc.       |     | 100% of common stock                                |  |                 | 12/20/04 |   |              | None     |             |   | 1 |               |       |  | *                |   |       |                     | 0.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 65     |  |  | $ | 65     | 
|Advertising                                                                                      |  | Medallion Sports Media, Inc.   |     | 100% of common stock                                |  |                 | 01/05/11 |   |              | None     |             |   | 1 |               |       |  | *                |   |       |                     | 0.00  | % |                                    | $ | 0 |          |        |   |           |  |  | $ | 2      |  |  | $ | 2      | 
|                                                                                                 |  |                                |     |                                                     |  |                 |          |   |              |          |             |   |   |               |       |  |                  |   |       |                     |       |   |                                    |   |   |          |        |   |           |  |  |   |        |  |  |   |        | 
|Investment in Medallion Bank and other controlled subsidiaries, net                              |  |                                | 5   |                                                     |  |                 | 50       | % |              |          | 6.40        | % |   | $             | 0     |  |                  | $ | 0     |                     |       | $ | 85,932                             |   |   | $        | 85,932 |  
|                                                                                                 |  |                                |     |                                                     |  |                 |          |   |              |          |             |   |   |               |       |  |                  |   |       |                     |       |   |                                    |   |   |          |        |   |           |  |  |   |        |  |  |   |        | 
|Equity investments                                                                               |  |                                |     |                                                     |  |                 |          |   |              |          |             |   |   |               |       |  |                  |   |       |                     |       |   |                                    |   |   |          |        |   |           |  |  |   |        |  |  |   |        | 
|                                                                                                 |  |                                |     |                                                     |  |                 |          |   |              |          |             |   |   |               |       |  |                  |   |       |                     |       |   |                                    |   |   |          |        |   |           |  |  |   |        |  |  |   |        | 



---

Medallion Financial Corp.

Consolidated Schedules of Investments

December 31, 2011



|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  |      |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|-------------------------------------------------------------------------------- |  | - |  | ---------------------------------------------- |  | ----------------------------------------------------- |  | ---------------- | --- | ------------- |  | ----------- | --- | - | ------------- |  | ---- | ---------------- |  | - | ------------------- | - |  | ------------------------------------ | ------- |  | --------- | - | ------- | --------- |  | - | ------- |  |  | - | ----- | 
|(Dollars in thousands)                                                           |  |   |  | Obligor Name                                   |  | Security Type (all restricted unless otherwise noted) |  | Acquisition Date |     | Maturity Date |  | # ofInvest. |     |   | % ofNetAssets |  |      | InterestRate (1) |  |   | CapitalizedInterest |   |  | Original Cost 
of2011Acquisitions(5) |         |  | Cost 
(4) |   |         | FairValue | 
|Appliance Recycler #                                                             |  |   |  | Appliance Recycling Centers of America, Inc.** |  | 8% of common stock                                    |  | 09/10/98         |     | None          |  |             | 1   |   |               |  | 1    | %                |  |   | 0.00                | % |  | $                                    | 0       |  |           |   |         |           |  | $ | 0       |  |  | $ | 2,225 | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  | *    |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Commercial Finance                                                               |  |   |  | Convergent Capital, Ltd                        |  | 7% of limited partnership interest                    |  | 07/20/07         |     | None          |  |             | 1   |   |               |  | 1    | %                |  |   | 0.00                | % |  | $                                    | 0       |  |           |   |         |           |  | $ | 1,094   |  |  | $ | 1,214 | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  | *    |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|NASCAR Race Team                                                                 |  |   |  | Medallion Motorsports, LLC                     |  | 75% of limited liability interest                     |  | 11/24/10         |     | None          |  |             | 1   |   |               |  | *    |                  |  |   | 0.00                | % |  | $                                    | 0       |  |           |   |         |           |  | $ | 454     |  |  | $ | 454   | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  | *    |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Machinery Manufacturer                                                           |  | + |  | Reel Power International, Inc.                 |  | 2% of common stock                                    |  | 08/04/08         |     | None          |  |             | 1   |   |               |  | *    |                  |  |   | 0.00                | % |  | $                                    | 0       |  |           |   |         |           |  | $ | 318     |  |  | $ | 318   | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  | *    |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Real Estate Investment Trust                                                     |  |   |  | PMC Commercial Trust**                         |  | *                                                     |  | 12/30/10         |     | None          |  |             | 1   |   |               |  | *    |                  |  |   | 9.14                | % |  | $                                    | 0       |  |           |   |         |           |  | $ | 901     |  |  | $ | 229   | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  | *    |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Surgical Instruments                                                             |  |   |  | Summit Medical, Inc.                           |  | 9.25% of common stock                                 |  | 11/01/10         |     | None          |  |             | 1   |   |               |  | *    |                  |  |   | 0.00                | % |  | $                                    | 0       |  |           |   |         |           |  | $ | 135     |  |  | $ | 135   | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  | *    |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Insurance                                                                        |  |   |  | Metlife, Inc.                                  |  | *                                                     |  | 12/30/10         |     | None          |  |             | 1   |   |               |  | *    |                  |  |   | 2.37                | % |  | $                                    | 0       |  |           |   |         |           |  | $ | 5       |  |  | $ | 2     | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  | *    |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Equipment Manufacturing                                                          |  |   |  | Aeration Industries International, LLC         |  | 5.25% of limited liability interest                   |  | 12/31/10         |     | None          |  |             | 1   |   |               |  | *    |                  |  |   | 0.00                | % |  | $                                    | 0       |  |           |   |         |           |  | $ | 365     |  |  | $ | 0     | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  | *    |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Radio Station Broadcasting                                                       |  |   |  | On Top                                         |  | *                                                     |  | 12/05/02         |     | None          |  |             | 1   |   |               |  | *    |                  |  |   | 0.00                | % |  | $                                    | 0       |  |           |   |         |           |  | $ | 200     |  |  | $ | 0     | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  |      |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Equity investments, net                                                          |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             | 9   |   |               |  | 3    | %                |  |   | 2.26                | % |  | $                                    | 0       |  |           | $ | 0       |           |  | $ | 3,472   |  |  | $ | 4,577 | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  |      |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Investment securities                                                            |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  |      |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Investment securities, net                                                       |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             | 0   |   |               |  | 0    | %                |  |   | 0.00                | % |  | $                                    | 0       |  |           | $ | 0       |           |  | $ | 0       |  |  | $ | 0     | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  |      |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 
|Net Investments ($252,660 pledged as collateral under borrowing arrangements)(3) |  |   |  |                                                |  |                                                       |  |                  | 967 |               |  |             | 263 | % |               |  | 6.36 | %                |  | $ | 2,246               |   |  | $                                    | 213,159 |  |           | $ | 464,724 |           |  | $ | 451,835 | 
|                                                                                 |  |   |  |                                                |  |                                                       |  |                  |     |               |  |             |     |   |               |  |      |                  |  |   |                     |   |  |                                      |         |  |           |   |         |           |  |   |         |  |  |   |       | 



|(1) | Represents the actual or weighted average interest or dividend rate of the respective security or portfolio as of the date indicated. Investments without an interest
rate or with a rate of 0.00% are considered non-income producing.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Included in secured mezzanine commercial loans was $2,246 of interest income capitalized into the outstanding investment balances, in accordance with the terms of the
investment contract.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(3) | The ratio of restricted securities fair value to net assets is 262%.
|--- | --------------------------------------------------------------------

|(4) | Gross unrealized appreciation, gross unrealized depreciation, and net depreciation for federal income tax purposes totaled $2,345, $15,538, and $13,193, respectively.
The tax cost of investments was $436,120.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | For revolving lines of credit the amount shown is the cost at December 31, 2011.
|--- | --------------------------------------------------------------------------------

|* | Less than 1.0%
|- | --------------

|** | Not an eligible portfolio company as such term is defined in Section 2(a)(46) of the 1940 Act.
|-- | ----------------------------------------------------------------------------------------------

|& | Loan is on nonaccrual status, or past due on contractual payments, and is therefore considered non-income producing.
|- | --------------------------------------------------------------------------------------------------------------------

|# | Publicly traded but sales subject to applicable Rule 144 limitations.
|- | ---------------------------------------------------------------------

|## | Pledged as collateral under borrowing arrangements.
|-- | ---------------------------------------------------

|+ | Includes various warrants, all of which have a cost and fair value of zero at December 31, 2011
|- | -----------------------------------------------------------------------------------------------



---

Medallion Financial Corp.

Consolidated Schedules of Investments

December 31, 2010



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |     |                  |  |  |                     |   |  |                                     |      |   |          |   |   |           |  |   |         |  |  |   |         |  |  |   |         | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | --- | ---------------- |  |  | ------------------- | - |  | ----------------------------------- | ---- | - | -------- | - | - | --------- |  | - | ------- |  |  | - | ------- |  |  | - | ------- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |     | InterestRate (1) |  |  | CapitalizedInterest |   |  | OriginalCost 
of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|Medallion Loans        |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |     |                  |  |  |                     |   |  |                                     |      |   |          |   |   |           |  |   |         |  |  |   |         |  |  |   |         | 
|New York               |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  | 603 |                  |  |  | 147                 | % |  |                                     | 5.52 | % |          | $ | 0 |           |  | $ | 178,710 |  |  | $ | 239,435 |  |  | $ | 239,430 | 
|                       |  | Sifnos, Van-Dim, Kitriani Incs |  |                                                     | # | #               |  | Term loan    |  | 06/08/10    |  | 06/07/15 |               |  | 1   |                  |  |  | 2                   | % |  |                                     | 5.25 | % |          | $ | 0 |           |  | $ | 2,800   |  |  | $ | 2,739   |  |  | $ | 2,737   | 
|                       |  | Real Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1   |                  |  |  | 2                   | % |  |                                     | 6.75 | % |          | $ | 0 |           |  |   |         |  |  | $ | 2,545   |  |  | $ | 2,542   | 
|                       |  | Lena Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 06/03/08    |  | 06/03/16 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 2,416   |  |  | $ | 2,413   | 
|                       |  | Cabbo Service Corp             |  |                                                     | # | #               |  | Term loan    |  | 09/07/10    |  | 09/07/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,800   |  |  | $ | 1,800   |  |  | $ | 1,790   | 
|                       |  | Sean Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,740   |  |  | $ | 1,731   | 
|                       |  | Lety Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,687   |  |  | $ | 1,681   |  |  | $ | 1,681   | 
|                       |  | Slo Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 6.75 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,527   |  |  | $ | 1,525   | 
|                       |  | Emerald I Taxi Corp            |  |                                                     | # | #               |  | Term loan    |  | 05/03/10    |  | 05/03/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 4.80 | % |          | $ | 0 |           |  | $ | 1,472   |  |  | $ | 1,472   |  |  | $ | 1,472   | 
|                       |  | Sonu-Seema Corp                |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/21/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.75 | % |          | $ | 0 |           |  | $ | 1,250   |  |  | $ | 1,247   |  |  | $ | 1,250   | 
|                       |  | Ride Yellow Llc                |  |                                                     | # | #               |  | Term loan    |  | 03/25/10    |  | 03/25/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.13 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,200   |  |  | $ | 1,200   | 
|                       |  | Honeybee Taxi Llc              |  |                                                     | # | #               |  | Term loan    |  | 03/11/10    |  | 03/11/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.13 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,200   |  |  | $ | 1,200   | 
|                       |  | Bedford Taxi Llc               |  |                                                     | # | #               |  | Term loan    |  | 10/01/10    |  | 10/01/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 4.75 | % |          | $ | 0 |           |  | $ | 1,204   |  |  | $ | 1,199   |  |  | $ | 1,200   | 
|                       |  | King Ed Taxi Inc               |  |                                                     | # | #               |  | Term loan    |  | 09/07/10    |  | 09/03/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,200   |  |  | $ | 1,194   | 
|                       |  | Corcovado Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 09/07/10    |  | 09/03/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,200   |  |  | $ | 1,194   | 
|                       |  | Dag Taxi Inc                   |  |                                                     | # | #               |  | Term loan    |  | 09/01/10    |  | 09/01/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,200   |  |  | $ | 1,193   | 
|                       |  | Katom Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 09/01/10    |  | 09/01/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,200   |  |  | $ | 1,193   | 
|                       |  | Merry Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 09/01/10    |  | 09/01/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,200   |  |  | $ | 1,193   | 
|                       |  | Ocean Hacking Corp             |  |                                                     | # | #               |  | Term loan    |  | 08/17/10    |  | 08/16/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.25 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,190   |  |  | $ | 1,190   | 
|                       |  | Cafe Service Co Inc            |  |                                                     | # | #               |  | Term loan    |  | 06/25/10    |  | 06/25/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,188   |  |  | $ | 1,188   | 
|                       |  | Lofos Inc                      |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,186   |  |  | $ | 1,188   | 
|                       |  | Xara Inc                       |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,186   |  |  | $ | 1,186   | 
|                       |  | Varres Inc                     |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,186   |  |  | $ | 1,186   | 
|                       |  | Trataki Inc                    |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,186   |  |  | $ | 1,186   | 
|                       |  | Rapid Taxi Corp                |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,186   |  |  | $ | 1,186   | 
|                       |  | Kharkov Taxi Inc               |  |                                                     | # | #               |  | Term loan    |  | 05/12/10    |  | 05/12/15 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,186   |  |  | $ | 1,186   | 
|                       |  | Flow Taxi Corp                 |  |                                                     | # | #               |  | Term loan    |  | 06/23/10    |  | 06/21/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,185   |  |  | $ | 1,186   | 
|                       |  | Ukraine Service Co             |  |                                                     | # | #               |  | Term loan    |  | 06/23/10    |  | 06/21/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,185   |  |  | $ | 1,186   | 
|                       |  | Lil Amandachaka Hacking Corp   |  |                                                     | # | #               |  | Term loan    |  | 06/23/10    |  | 06/21/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,200   |  |  | $ | 1,185   |  |  | $ | 1,186   | 
|                       |  | Whats Yellow Llc               |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/15/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 4.80 | % |          | $ | 0 |           |  | $ | 1,186   |  |  | $ | 1,180   |  |  | $ | 1,181   | 
|                       |  | Spurt Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 08/14/09    |  | 08/13/11 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 6.38 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,176   |  |  | $ | 1,177   | 
|                       |  | Alltaxitwo Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 05/14/09    |  | 11/13/11 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.25 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,165   |  |  | $ | 1,163   | 
|                       |  | All Taxione Cab Corp           |  |                                                     | # | #               |  | Term loan    |  | 04/01/09    |  | 09/30/11 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.25 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,157   |  |  | $ | 1,156   | 
|                       |  | Jump Service Co Inc            |  |                                                     | # | #               |  | Term loan    |  | 06/23/10    |  | 06/22/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,150   |  |  | $ | 1,150   |  |  | $ | 1,150   | 
|                       |  | Hamilton Transit Llc           |  |                                                     | # | #               |  | Term loan    |  | 01/27/10    |  | 01/27/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.50 | % |          | $ | 0 |           |  | $ | 1,150   |  |  | $ | 1,150   |  |  | $ | 1,149   | 
|                       |  | Kaderee M & G Corp             |  |                                                     | # | #               |  | Term loan    |  | 05/03/10    |  | 05/03/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 4.80 | % |          | $ | 0 |           |  | $ | 1,145   |  |  | $ | 1,145   |  |  | $ | 1,145   | 
|                       |  | Gold One Cab Corp              |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 4.80 | % |          | $ | 0 |           |  | $ | 1,164   |  |  | $ | 1,145   |  |  | $ | 1,145   | 
|                       |  | Mbh Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 4.80 | % |          | $ | 0 |           |  | $ | 1,164   |  |  | $ | 1,144   |  |  | $ | 1,144   | 
|                       |  | Asterik Cab Co Inc             |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 4.80 | % |          | $ | 0 |           |  | $ | 1,157   |  |  | $ | 1,135   |  |  | $ | 1,135   | 
|                       |  | Central Hacking Corp           |  |                                                     | # | #               |  | Term loan    |  | 10/01/10    |  | 10/01/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 4.75 | % |          | $ | 0 |           |  | $ | 1,134   |  |  | $ | 1,130   |  |  | $ | 1,131   | 
|                       |  | Daytona Hacking Corp           |  |                                                     | # | #               |  | Term loan    |  | 10/01/10    |  | 10/01/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 4.75 | % |          | $ | 0 |           |  | $ | 1,134   |  |  | $ | 1,130   |  |  | $ | 1,131   | 
|                       |  | Bunty & Jyoti Inc              |  |                                                     | # | #               |  | Term loan    |  | 09/24/09    |  | 09/24/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.75 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,125   |  |  | $ | 1,123   | 
|                       |  | Lemon Trans Corp               |  |                                                     | # | #               |  | Term loan    |  | 06/23/09    |  | 06/23/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.50 | % |          | $ | 0 |           |  |   |         |  |  | $ | 1,117   |  |  | $ | 1,116   | 
|                       |  | Concourse Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 03/29/10    |  | 03/29/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.75 | % |          | $ | 0 |           |  | $ | 1,100   |  |  | $ | 1,100   |  |  | $ | 1,104   | 
|                       |  | H&M Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 08/24/10    |  | 08/24/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                     | 5.00 | % |          | $ | 0 |           |  | $ | 1,100   |  |  | $ | 1,100   |  |  | $ | 1,101   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                          |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |   |  |                                     |      |   |           |   |   |           |  |   |       |  |  |   |       |  |  |   |       | 
|---------------------- |  | ------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- | - |  | ----------------------------------- | ---- | - | --------- | - | - | --------- |  | - | ----- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name             |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |   |  | OriginalCost 
of2010Acquisitions(5) |      |   | Cost 
(4) |   |   | FairValue | 
|                       |  | King Spring Taxi Inc     |  |                                                     | # | #               |  | Term loan    |  | 08/24/10    |  | 08/24/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 1,100 |  |  | $ | 1,100 |  |  | $ | 1,101 | 
|                       |  | Vichy Cab Corp           |  |                                                     | # | #               |  | Term loan    |  | 06/02/10    |  | 06/02/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.20 | % |           | $ | 0 |           |  | $ | 1,100 |  |  | $ | 1,100 |  |  | $ | 1,100 | 
|                       |  | Yosi Transit Inc         |  |                                                     | # | #               |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 1,018 |  |  | $ | 1,017 | 
|                       |  | Anniversary Taxi Corp    |  |                                                     | # | #               |  | Term loan    |  | 04/28/10    |  | 04/28/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.50 | % |           | $ | 0 |           |  | $ | 1,008 |  |  | $ | 1,008 |  |  | $ | 1,008 | 
|                       |  | Sms Taxi Corp.           |  |                                                     | # | #               |  | Term loan    |  | 04/28/10    |  | 04/28/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.50 | % |           | $ | 0 |           |  | $ | 1,008 |  |  | $ | 1,008 |  |  | $ | 1,008 | 
|                       |  | Apple Cab Corp           |  |                                                     | # | #               |  | Term loan    |  | 04/28/10    |  | 04/28/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.50 | % |           | $ | 0 |           |  | $ | 1,008 |  |  | $ | 1,008 |  |  | $ | 1,008 | 
|                       |  | 409 Taxi Corp            |  |                                                     | # | #               |  | Term loan    |  | 04/28/10    |  | 04/28/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.50 | % |           | $ | 0 |           |  | $ | 1,008 |  |  | $ | 1,008 |  |  | $ | 1,008 | 
|                       |  | Demajah Hacking Corp     |  |                                                     | # | #               |  | Term loan    |  | 10/01/10    |  | 09/30/12 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.75 | % |           | $ | 0 |           |  | $ | 1,000 |  |  | $ | 1,000 |  |  | $ | 1,001 | 
|                       |  | Dan Dan Transit Inc      |  |                                                     | # | #               |  | Term loan    |  | 03/04/09    |  | 03/04/12 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 997   |  |  | $ | 996   | 
|                       |  | Soho Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 05/03/10    |  | 05/03/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 987   |  |  | $ | 987   |  |  | $ | 987   | 
|                       |  | Kappa Taxi Inc           |  |                                                     | # | #               |  | Term loan    |  | 05/03/10    |  | 05/03/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 982   |  |  | $ | 982   |  |  | $ | 982   | 
|                       |  | Aferitash Hacking Corp   |  |                                                     | # | #               |  | Term loan    |  | 01/13/09    |  | 01/13/12 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.50 | % |           | $ | 0 |           |  |   |       |  |  | $ | 970   |  |  | $ | 970   | 
|                       |  | Justin Hacking Corp      |  |                                                     | # | #               |  | Term loan    |  | 09/09/08    |  | 09/09/11 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 3.75 | % |           | $ | 0 |           |  |   |       |  |  | $ | 951   |  |  | $ | 951   | 
|                       |  | Cora Hacking Corp        |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/06/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 940   |  |  | $ | 934   |  |  | $ | 938   | 
|                       |  | Iddy Biddy Cab Corp      |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/06/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 940   |  |  | $ | 934   |  |  | $ | 935   | 
|                       |  | Malcolm Hacking Corp     |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/06/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 940   |  |  | $ | 934   |  |  | $ | 935   | 
|                       |  | Jbob Hacking Corp        |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/06/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 940   |  |  | $ | 934   |  |  | $ | 935   | 
|                       |  | Granny Hacking Corp      |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/06/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 940   |  |  | $ | 934   |  |  | $ | 935   | 
|                       |  | Oyaz Hacking Corp        |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/06/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 940   |  |  | $ | 934   |  |  | $ | 935   | 
|                       |  | Abbel Cab Corp           |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/15/12 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 925   |  |  | $ | 921   |  |  | $ | 922   | 
|                       |  | Ornos Service Inc        |  |                                                     | # | #               |  | Term loan    |  | 02/23/07    |  | 02/23/17 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.40 | % |           | $ | 0 |           |  |   |       |  |  | $ | 920   |  |  | $ | 919   | 
|                       |  | Wildwood Hacking Corp    |  |                                                     | # | #               |  | Term loan    |  | 05/07/10    |  | 05/07/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 914   |  |  | $ | 914   |  |  | $ | 914   | 
|                       |  | Five Kids Trans Llc      |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/15/12 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 909   |  |  | $ | 905   |  |  | $ | 906   | 
|                       |  | Havana Affair Cab Corp   |  |                                                     | # | #               |  | Term loan    |  | 10/08/10    |  | 10/08/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.50 | % |           | $ | 0 |           |  | $ | 900   |  |  | $ | 897   |  |  | $ | 898   | 
|                       |  | Idiot Wind Cab Corp      |  |                                                     | # | #               |  | Term loan    |  | 10/08/10    |  | 10/08/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.50 | % |           | $ | 0 |           |  | $ | 900   |  |  | $ | 897   |  |  | $ | 898   | 
|                       |  | Holdem Cab Corp          |  |                                                     | # | #               |  | Term loan    |  | 10/08/10    |  | 10/08/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.50 | % |           | $ | 0 |           |  | $ | 900   |  |  | $ | 897   |  |  | $ | 898   | 
|                       |  | Go Boy Cab Corp          |  |                                                     | # | #               |  | Term loan    |  | 10/08/10    |  | 10/08/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.50 | % |           | $ | 0 |           |  | $ | 900   |  |  | $ | 897   |  |  | $ | 898   | 
|                       |  | New Direction Cab Corp   |  |                                                     | # | #               |  | Term loan    |  | 11/29/07    |  | 11/29/11 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 7.35 | % |           | $ | 0 |           |  |   |       |  |  | $ | 889   |  |  | $ | 889   | 
|                       |  | Hybrid Transit Llc       |  |                                                     | # | #               |  | Term loan    |  | 10/23/06    |  | 10/23/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Quark Transit Llc        |  |                                                     | # | #               |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Neutron Transit Llc      |  |                                                     | # | #               |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Proton Transit Llc       |  |                                                     | # | #               |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Rechargeable Transit Llc |  |                                                     | # | #               |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Composite Transit Llc    |  |                                                     | # | #               |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Blend Transit Llc        |  |                                                     | # | #               |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Kinetic Transit Llc      |  |                                                     | # | #               |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Lowvolt Transit Llc      |  |                                                     | # | #               |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Mixfuel Transit Llc      |  |                                                     | # | #               |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Isotope Transit Llc      |  |                                                     | # | #               |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Juiced Transit Llc       |  |                                                     | # | #               |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 6.38 | % |           | $ | 0 |           |  |   |       |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Multi Hacking Corp       |  |                                                     | # | #               |  | Term loan    |  | 03/14/08    |  | 03/13/11 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 834   |  |  | $ | 833   | 
|                       |  | Super Express Cab Co     |  |                                                     | # | #               |  | Term loan    |  | 03/14/08    |  | 03/13/11 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 834   |  |  | $ | 833   | 
|                       |  | Link Trans Corp          |  |                                                     | # | #               |  | Term loan    |  | 03/14/08    |  | 03/13/11 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 834   |  |  | $ | 833   | 
|                       |  | Fijil Trans Corp         |  |                                                     | # | #               |  | Term loan    |  | 03/14/08    |  | 03/13/11 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |       |  |  | $ | 834   |  |  | $ | 833   | 
|                       |  | Magic Cab Corp           |  |                                                     | # | #               |  | Term loan    |  | 04/21/10    |  | 04/21/13 |               |  | 1 |                  |  |  | 1                   | % |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 817   |  |  | $ | 817   |  |  | $ | 818   | 
|                       |  | Gaultier Hacking Corp    |  |                                                     | # | #               |  | Term loan    |  | 07/30/10    |  | 07/30/12 |               |  | 1 |                  |  |  | *                   |   |  |                                     | 4.75 | % |           | $ | 0 |           |  | $ | 803   |  |  | $ | 803   |  |  | $ | 806   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                             |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                     |      |   |           |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------- |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ----------------------------------- | ---- | - | --------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost 
of2010Acquisitions(5) |      |   | Cost 
(4) |   |   | FairValue | 
|                       |  | Marg Cab Corp               |  |                                                     | # | #               |  | Term loan    |  | 06/03/08    |  | 06/13/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 805 |  |  | $ | 805 | 
|                       |  | Yankl Transit Inc           |  |                                                     | # | #               |  | Term loan    |  | 06/03/08    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 805 |  |  | $ | 805 | 
|                       |  | Januko Transit Inc          |  |                                                     | # | #               |  | Term loan    |  | 06/03/08    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 805 |  |  | $ | 805 | 
|                       |  | Rus Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 06/03/08    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 805 |  |  | $ | 805 | 
|                       |  | Munchkin Transit Inc        |  |                                                     | # | #               |  | Term loan    |  | 06/03/08    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 805 |  |  | $ | 805 | 
|                       |  | Trial Taxi Inc              |  |                                                     | # | #               |  | Term loan    |  | 04/21/10    |  | 04/21/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 800 |  |  | $ | 800 |  |  | $ | 801 | 
|                       |  | Perem Hacking Corp          |  |                                                     | # | #               |  | Term loan    |  | 04/21/10    |  | 04/21/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 800 |  |  | $ | 800 |  |  | $ | 801 | 
|                       |  | Chornomor Service Co        |  |                                                     | # | #               |  | Term loan    |  | 04/21/10    |  | 04/21/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 800 |  |  | $ | 800 |  |  | $ | 801 | 
|                       |  | Red Army Cab Corp           |  |                                                     | # | #               |  | Term loan    |  | 04/21/10    |  | 04/21/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 800 |  |  | $ | 799 |  |  | $ | 799 | 
|                       |  | Sisters Trans Inc           |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/06/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 800 |  |  | $ | 794 |  |  | $ | 795 | 
|                       |  | Fly By Night Trans Inc      |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/06/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 800 |  |  | $ | 794 |  |  | $ | 795 | 
|                       |  | Bliss Cab Corp              |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 792 |  |  | $ | 789 |  |  | $ | 790 | 
|                       |  | Muffin Hacking Corp         |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 792 |  |  | $ | 789 |  |  | $ | 790 | 
|                       |  | Brea Cab Corp               |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 792 |  |  | $ | 789 |  |  | $ | 790 | 
|                       |  | Parthenon Taxi Inc &        |  |                                                     | # | #               |  | Term loan    |  | 05/20/08    |  | 05/16/11 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 763 |  |  | $ | 762 | 
|                       |  | Moe Taxi Inc                |  |                                                     | # | #               |  | Term loan    |  | 05/20/08    |  | 05/16/11 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 758 |  |  | $ | 757 | 
|                       |  | M&C Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 05/20/08    |  | 05/16/11 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 757 |  |  | $ | 756 | 
|                       |  | Sean Cab Corp               |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 750 |  |  | $ | 749 | 
|                       |  | Robell Hacking Corp         |  |                                                     | # | #               |  | Term loan    |  | 04/14/10    |  | 04/14/15 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 770 |  |  | $ | 745 |  |  | $ | 746 | 
|                       |  | Marian Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 09/01/10    |  | 09/01/15 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.25 | % |           | $ | 0 |           |  | $ | 750 |  |  | $ | 745 |  |  | $ | 746 | 
|                       |  | Sincere Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 07/02/08    |  | 06/27/11 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.10 | % |           | $ | 0 |           |  |   |     |  |  | $ | 746 |  |  | $ | 745 | 
|                       |  | Hot Wheels Taxi Llc         |  |                                                     | # | #               |  | Term loan    |  | 05/09/06    |  | 02/15/11 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.13 | % |           | $ | 0 |           |  |   |     |  |  | $ | 745 |  |  | $ | 744 | 
|                       |  | Aleka Taxi Inc              |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 760 |  |  | $ | 743 |  |  | $ | 743 | 
|                       |  | Agape-Mou Cab Corp          |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 760 |  |  | $ | 737 |  |  | $ | 737 | 
|                       |  | Jean Pierre Trans Inc       |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 715 |  |  | $ | 713 |  |  | $ | 717 | 
|                       |  | Cfn Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 715 |  |  | $ | 713 |  |  | $ | 714 | 
|                       |  | Miklos Hacking Corp         |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 710 |  |  | $ | 708 |  |  | $ | 709 | 
|                       |  | Ketgo Express Cab Co        |  |                                                     | # | #               |  | Term loan    |  | 01/28/08    |  | 01/27/11 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 7.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 708 |  |  | $ | 707 | 
|                       |  | Global Agami Cab Llc        |  |                                                     | # | #               |  | Term loan    |  | 03/02/10    |  | 03/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.75 | % |           | $ | 0 |           |  | $ | 700 |  |  | $ | 698 |  |  | $ | 699 | 
|                       |  | Network Agami Cab Corp      |  |                                                     | # | #               |  | Term loan    |  | 03/02/10    |  | 03/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.75 | % |           | $ | 0 |           |  | $ | 700 |  |  | $ | 698 |  |  | $ | 699 | 
|                       |  | Planet Agami Cab Llc        |  |                                                     | # | #               |  | Term loan    |  | 03/02/10    |  | 03/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.75 | % |           | $ | 0 |           |  | $ | 700 |  |  | $ | 698 |  |  | $ | 699 | 
|                       |  | Universal Agami Transit Inc |  |                                                     | # | #               |  | Term loan    |  | 03/02/10    |  | 03/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.75 | % |           | $ | 0 |           |  | $ | 700 |  |  | $ | 698 |  |  | $ | 699 | 
|                       |  | Crinkle Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 06/13/08    |  | 06/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.90 | % |           | $ | 0 |           |  |   |     |  |  | $ | 697 |  |  | $ | 698 | 
|                       |  | Yaniv Express Cab Co        |  |                                                     | # | #               |  | Term loan    |  | 03/14/08    |  | 03/13/11 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 691 |  |  | $ | 690 | 
|                       |  | Junaid Trans Corp           |  |                                                     | # | #               |  | Term loan    |  | 03/04/09    |  | 03/04/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 675 |  |  | $ | 675 | 
|                       |  | Serob Taxi Inc              |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  | $ | 640 |  |  | $ | 634 |  |  | $ | 635 | 
|                       |  | Nelsk Taxi Inc              |  |                                                     | # | #               |  | Term loan    |  | 08/10/10    |  | 08/10/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.30 | % |           | $ | 0 |           |  | $ | 600 |  |  | $ | 596 |  |  | $ | 597 | 
|                       |  | Albro Hacking, Corp.        |  |                                                     | # | #               |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 582 |  |  | $ | 580 |  |  | $ | 584 | 
|                       |  | Anba Taxi Inc               |  |                                                     | # | #               |  | Term loan    |  | 07/02/08    |  | 06/27/11 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.10 | % |           | $ | 0 |           |  |   |     |  |  | $ | 579 |  |  | $ | 579 | 
|                       |  | Specter Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 580 |  |  | $ | 577 | 
|                       |  | Fenway Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 580 |  |  | $ | 577 | 
|                       |  | Slate Cab Corp              |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 580 |  |  | $ | 577 | 
|                       |  | Mamkale Transit Inc         |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 580 |  |  | $ | 577 | 
|                       |  | Munkach Transit Inc         |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 580 |  |  | $ | 577 | 
|                       |  | Sapphire Transit Inc        |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 580 |  |  | $ | 577 | 
|                       |  | W Sar Trans Corp            |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 580 |  |  | $ | 577 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                     |      |   |           |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ----------------------------------- | ---- | - | --------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost 
of2010Acquisitions(5) |      |   | Cost 
(4) |   |   | FairValue | 
|                       |  | Wlol Trans Corp                |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 580 |  |  | $ | 577 | 
|                       |  | Brini Transit Inc              |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 580 |  |  | $ | 577 | 
|                       |  | Sabrinush Transit Inc          |  |                                                     | # | #               |  | Term loan    |  | 06/02/06    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  |   |     |  |  | $ | 580 |  |  | $ | 577 | 
|                       |  | Jened Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 04/14/08    |  | 04/14/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.25 | % |           | $ | 0 |           |  |   |     |  |  | $ | 571 |  |  | $ | 570 | 
|                       |  | Midgies Transit Corp           |  |                                                     | # | #               |  | Term loan    |  | 07/16/10    |  | 01/16/15 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 568 |  |  | $ | 558 |  |  | $ | 559 | 
|                       |  | Angelita Transit Inc/Note 2    |  |                                                     | # | #               |  | Term loan    |  | 04/22/10    |  | 04/22/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.38 | % |           | $ | 0 |           |  | $ | 554 |  |  | $ | 554 |  |  | $ | 555 | 
|                       |  | Eugenio & Ayodele Trans Corp   |  |                                                     |   |                 |  | Term loan    |  | 10/14/10    |  | 10/14/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.00 | % |           | $ | 0 |           |  | $ | 558 |  |  | $ | 558 |  |  | $ | 554 | 
|                       |  | Ritka And Arwin Cab Corp       |  |                                                     |   |                 |  | Term loan    |  | 08/12/10    |  | 08/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.25 | % |           | $ | 0 |           |  | $ | 550 |  |  | $ | 547 |  |  | $ | 550 | 
|                       |  | Abdelhakim A. Ibrahim          |  |                                                     |   |                 |  | Term loan    |  | 12/28/10    |  | 12/28/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.25 | % |           | $ | 0 |           |  | $ | 545 |  |  | $ | 545 |  |  | $ | 547 | 
|                       |  | Sushil Maggoo                  |  |                                                     | # | #               |  | Term loan    |  | 10/04/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.75 | % |           | $ | 0 |           |  | $ | 538 |  |  | $ | 537 |  |  | $ | 541 | 
|                       |  | Ming Trans Corp                |  |                                                     | # | #               |  | Term loan    |  | 11/08/10    |  | 11/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 538 |  |  | $ | 536 |  |  | $ | 538 | 
|                       |  | My Sarah Cab Corp              |  |                                                     | # | #               |  | Term loan    |  | 08/02/10    |  | 08/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 532 |  |  | $ | 532 |  |  | $ | 534 | 
|                       |  | Copper One Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 4.80 | % |           | $ | 0 |           |  | $ | 562 |  |  | $ | 532 |  |  | $ | 533 | 
|                       |  | Btr Taxi Inc                   |  |                                                     | # | #               |  | Term loan    |  | 08/19/10    |  | 08/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.40 | % |           | $ | 0 |           |  | $ | 530 |  |  | $ | 527 |  |  | $ | 528 | 
|                       |  | Marcnance Morency              |  |                                                     | # | #               |  | Term loan    |  | 12/01/10    |  | 12/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.50 | % |           | $ | 0 |           |  | $ | 526 |  |  | $ | 526 |  |  | $ | 528 | 
|                       |  | Amr Aly Shafshak               |  |                                                     |   |                 |  | Term loan    |  | 12/17/10    |  | 12/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.25 | % |           | $ | 0 |           |  | $ | 525 |  |  | $ | 525 |  |  | $ | 527 | 
|                       |  | Mahmoud Sabour                 |  |                                                     |   |                 |  | Term loan    |  | 12/28/10    |  | 12/28/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.25 | % |           | $ | 0 |           |  | $ | 523 |  |  | $ | 523 |  |  | $ | 525 | 
|                       |  | Kang & Dhillon Taxi Inc        |  |                                                     | # | #               |  | Term loan    |  | 12/03/10    |  | 12/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.35 | % |           | $ | 0 |           |  | $ | 520 |  |  | $ | 520 |  |  | $ | 524 | 
|                       |  | Ashok Kumar                    |  |                                                     | # | #               |  | Term loan    |  | 12/08/10    |  | 12/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  | $ | 522 |  |  | $ | 522 |  |  | $ | 524 | 
|                       |  | Faubert Couamin                |  |                                                     |   |                 |  | Term loan    |  | 12/17/10    |  | 12/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  | $ | 520 |  |  | $ | 520 |  |  | $ | 522 | 
|                       |  | Joseph Paul Desir              |  |                                                     |   |                 |  | Term loan    |  | 11/08/10    |  | 11/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.75 | % |           | $ | 0 |           |  | $ | 519 |  |  | $ | 518 |  |  | $ | 520 | 
|                       |  | Edgard Donado                  |  |                                                     | # | #               |  | Term loan    |  | 09/24/10    |  | 09/24/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.00 | % |           | $ | 0 |           |  | $ | 520 |  |  | $ | 518 |  |  | $ | 520 | 
|                       |  | Greenpoint Taxi Corp           |  |                                                     |   |                 |  | Term loan    |  | 12/17/09    |  | 12/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.50 | % |           | $ | 0 |           |  |   |     |  |  | $ | 517 |  |  | $ | 517 | 
|                       |  | Fido Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 07/16/10    |  | 01/16/15 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 525 |  |  | $ | 516 |  |  | $ | 517 | 
|                       |  | Pushker Sharma & Sandeep Vinay |  |                                                     |   |                 |  | Term loan    |  | 04/08/10    |  | 04/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.10 | % |           | $ | 0 |           |  | $ | 525 |  |  | $ | 520 |  |  | $ | 516 | 
|                       |  | Zazomuj Taxi Corp              |  |                                                     |   |                 |  | Term loan    |  | 06/05/09    |  | 06/05/12 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.25 | % |           | $ | 0 |           |  |   |     |  |  | $ | 517 |  |  | $ | 514 | 
|                       |  | Eleuterio Zambrano             |  |                                                     |   |                 |  | Term loan    |  | 10/14/10    |  | 10/14/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.75 | % |           | $ | 0 |           |  | $ | 514 |  |  | $ | 513 |  |  | $ | 514 | 
|                       |  | Bikram Transit Corp            |  |                                                     |   |                 |  | Term loan    |  | 08/30/10    |  | 08/26/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 515 |  |  | $ | 511 |  |  | $ | 513 | 
|                       |  | Sing-Fai Chan                  |  |                                                     |   |                 |  | Term loan    |  | 09/24/10    |  | 09/24/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.88 | % |           | $ | 0 |           |  | $ | 511 |  |  | $ | 511 |  |  | $ | 512 | 
|                       |  | Turgut Duman                   |  |                                                     |   |                 |  | Term loan    |  | 12/10/10    |  | 12/10/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 510 |  |  | $ | 510 |  |  | $ | 512 | 
|                       |  | Said Zedan                     |  |                                                     |   |                 |  | Term loan    |  | 11/19/10    |  | 11/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.75 | % |           | $ | 0 |           |  | $ | 510 |  |  | $ | 510 |  |  | $ | 512 | 
|                       |  | Jagmohan Singh & Balwinder Sin |  |                                                     | # | #               |  | Term loan    |  | 12/06/10    |  | 12/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.25 | % |           | $ | 0 |           |  | $ | 507 |  |  | $ | 507 |  |  | $ | 511 | 
|                       |  | Binh Pham                      |  |                                                     | # | #               |  | Term loan    |  | 09/09/10    |  | 09/09/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.00 | % |           | $ | 0 |           |  | $ | 511 |  |  | $ | 510 |  |  | $ | 509 | 
|                       |  | Arnous L. Dangervil            |  |                                                     |   |                 |  | Term loan    |  | 10/29/10    |  | 10/29/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.25 | % |           | $ | 0 |           |  | $ | 508 |  |  | $ | 507 |  |  | $ | 508 | 
|                       |  | Marco V Guerrero &             |  |                                                     |   |                 |  | Term loan    |  | 10/19/10    |  | 10/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.75 | % |           | $ | 0 |           |  | $ | 505 |  |  | $ | 505 |  |  | $ | 506 | 
|                       |  | Herve St Surin &               |  |                                                     |   |                 |  | Term loan    |  | 04/14/10    |  | 04/14/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.50 | % |           | $ | 0 |           |  | $ | 506 |  |  | $ | 499 |  |  | $ | 502 | 
|                       |  | Nathaniel Jones                |  |                                                     |   |                 |  | Term loan    |  | 10/08/10    |  | 10/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.00 | % |           | $ | 0 |           |  | $ | 502 |  |  | $ | 500 |  |  | $ | 502 | 
|                       |  | Ulker Altaygil                 |  |                                                     | # | #               |  | Term loan    |  | 08/06/10    |  | 08/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.75 | % |           | $ | 0 |           |  | $ | 500 |  |  | $ | 497 |  |  | $ | 500 | 
|                       |  | Headway Transportation Inc     |  |                                                     |   |                 |  | Term loan    |  | 09/03/10    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.75 | % |           | $ | 0 |           |  | $ | 500 |  |  | $ | 499 |  |  | $ | 500 | 
|                       |  | Strivers Way Inc               |  |                                                     |   |                 |  | Term loan    |  | 09/03/10    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.75 | % |           | $ | 0 |           |  | $ | 500 |  |  | $ | 499 |  |  | $ | 500 | 
|                       |  | Pierre Goguin Joseph           |  |                                                     |   |                 |  | Term loan    |  | 05/20/10    |  | 05/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.00 | % |           | $ | 0 |           |  | $ | 500 |  |  | $ | 498 |  |  | $ | 499 | 
|                       |  | Rafael Kikirov                 |  |                                                     | # | #               |  | Term loan    |  | 10/05/10    |  | 10/05/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.00 | % |           | $ | 0 |           |  | $ | 500 |  |  | $ | 497 |  |  | $ | 497 | 
|                       |  | Mohammad A Parvaiz             |  |                                                     | # | #               |  | Term loan    |  | 09/20/10    |  | 09/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.50 | % |           | $ | 0 |           |  | $ | 510 |  |  | $ | 493 |  |  | $ | 497 | 
|                       |  | Karamjit Panchhi               |  |                                                     | # | #               |  | Term loan    |  | 05/20/10    |  | 05/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.75 | % |           | $ | 0 |           |  | $ | 500 |  |  | $ | 495 |  |  | $ | 496 | 
|                       |  | Corsi Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 07/02/08    |  | 06/27/11 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 6.10 | % |           | $ | 0 |           |  |   |     |  |  | $ | 497 |  |  | $ | 496 | 
|                       |  | Jose M Martinez                |  |                                                     | # | #               |  | Term loan    |  | 10/29/10    |  | 10/29/13 |               |  | 1 |                  |  |  | *                   |  |  |                                     | 5.75 | % |           | $ | 0 |           |  | $ | 496 |  |  | $ | 495 |  |  | $ | 496 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                      |   |                  |  |               |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                      |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | ---------------------------------------------------- | - | ---------------- |  | ------------- |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ------------------------------------ | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type (all restricted unlessotherwise noted) |   | Acquisition Date |  | Maturity Date |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | Original Cost 
of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Mystic Brokerage Inc           |  |                                                      |   |                  |  | Term loan     |  | 02/14/08    |  | 10/22/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 495 |  |  | $ | 495 | 
|                       |  | Simon Rojas-Buitrago           |  |                                                      |   |                  |  | Term loan     |  | 08/02/10    |  | 08/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.60 | % |          | $ | 0 |           |  | $ | 492 |  |  | $ | 491 |  |  | $ | 494 | 
|                       |  | Georges Salomon                |  |                                                      | # | #                |  | Term loan     |  | 08/12/10    |  | 08/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.25 | % |          | $ | 0 |           |  | $ | 500 |  |  | $ | 497 |  |  | $ | 494 | 
|                       |  | Arnel Pierre                   |  |                                                      |   |                  |  | Term loan     |  | 11/04/10    |  | 11/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.50 | % |          | $ | 0 |           |  | $ | 490 |  |  | $ | 489 |  |  | $ | 493 | 
|                       |  | Jordan O Ohene                 |  |                                                      | # | #                |  | Term loan     |  | 11/05/10    |  | 11/05/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.25 | % |          | $ | 0 |           |  | $ | 490 |  |  | $ | 489 |  |  | $ | 493 | 
|                       |  | Charanjeet Kaur & Manjit Singh |  |                                                      | # | #                |  | Term loan     |  | 10/07/10    |  | 10/07/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.00 | % |          | $ | 0 |           |  | $ | 485 |  |  | $ | 483 |  |  | $ | 485 | 
|                       |  | Carmay Latendresse &           |  |                                                      |   |                  |  | Term loan     |  | 02/01/10    |  | 02/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.88 | % |          | $ | 0 |           |  | $ | 485 |  |  | $ | 484 |  |  | $ | 484 | 
|                       |  | Alberto Garcia                 |  |                                                      | # | #                |  | Term loan     |  | 07/09/10    |  | 07/09/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 485 |  |  | $ | 482 |  |  | $ | 484 | 
|                       |  | Ronak Singh                    |  |                                                      |   |                  |  | Term loan     |  | 08/04/10    |  | 08/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.50 | % |          | $ | 0 |           |  | $ | 489 |  |  | $ | 482 |  |  | $ | 483 | 
|                       |  | Malik & Sajid Taxi Inc         |  |                                                      |   |                  |  | Term loan     |  | 05/07/10    |  | 05/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 485 |  |  | $ | 481 |  |  | $ | 483 | 
|                       |  | Taran Cab Corp                 |  |                                                      | # | #                |  | Term loan     |  | 07/16/10    |  | 01/16/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.00 | % |          | $ | 0 |           |  | $ | 490 |  |  | $ | 481 |  |  | $ | 483 | 
|                       |  | Abu H Shawkat                  |  |                                                      |   |                  |  | Term loan     |  | 03/12/10    |  | 03/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.60 | % |          | $ | 0 |           |  | $ | 505 |  |  | $ | 480 |  |  | $ | 482 | 
|                       |  | Parkash Taxi Inc               |  |                                                      | # | #                |  | Term loan     |  | 08/09/10    |  | 08/09/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.50 | % |          | $ | 0 |           |  | $ | 485 |  |  | $ | 480 |  |  | $ | 481 | 
|                       |  | Larry Westen                   |  |                                                      | # | #                |  | Term loan     |  | 10/25/10    |  | 10/25/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.50 | % |          | $ | 0 |           |  | $ | 480 |  |  | $ | 480 |  |  | $ | 480 | 
|                       |  | Gilberto Barrera               |  |                                                      | # | #                |  | Term loan     |  | 06/24/10    |  | 06/24/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.60 | % |          | $ | 0 |           |  | $ | 482 |  |  | $ | 478 |  |  | $ | 480 | 
|                       |  | Jasvir S Dhaliwal              |  |                                                      | # | #                |  | Term loan     |  | 02/22/10    |  | 02/22/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.40 | % |          | $ | 0 |           |  | $ | 485 |  |  | $ | 479 |  |  | $ | 480 | 
|                       |  | Roudy Moliere &Jean B Letang   |  |                                                      |   |                  |  | Term loan     |  | 04/20/10    |  | 04/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.75 | % |          | $ | 0 |           |  | $ | 485 |  |  | $ | 481 |  |  | $ | 480 | 
|                       |  | Joseph Gerard Pierre           |  |                                                      |   |                  |  | Term loan     |  | 07/08/10    |  | 07/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.00 | % |          | $ | 0 |           |  | $ | 481 |  |  | $ | 478 |  |  | $ | 479 | 
|                       |  | Harold Torres                  |  |                                                      | # | #                |  | Term loan     |  | 07/29/10    |  | 07/29/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.50 | % |          | $ | 0 |           |  | $ | 478 |  |  | $ | 476 |  |  | $ | 479 | 
|                       |  | Eustache Romain                |  |                                                      | # | #                |  | Term loan     |  | 10/25/10    |  | 10/25/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.25 | % |          | $ | 0 |           |  | $ | 480 |  |  | $ | 478 |  |  | $ | 479 | 
|                       |  | Brunet Lucas                   |  |                                                      | # | #                |  | Term loan     |  | 09/29/10    |  | 09/29/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.75 | % |          | $ | 0 |           |  | $ | 480 |  |  | $ | 477 |  |  | $ | 479 | 
|                       |  | Ulrick Racine                  |  |                                                      |   |                  |  | Term loan     |  | 05/28/10    |  | 05/28/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.10 | % |          | $ | 0 |           |  | $ | 478 |  |  | $ | 475 |  |  | $ | 477 | 
|                       |  | Nobert Auguste                 |  |                                                      |   |                  |  | Term loan     |  | 04/12/10    |  | 04/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  | $ | 477 |  |  | $ | 473 |  |  | $ | 475 | 
|                       |  | Harminder Singh & Harjinder Si |  |                                                      |   |                  |  | Term loan     |  | 11/17/08    |  | 06/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 478 |  |  | $ | 474 | 
|                       |  | Nelson R Moreira               |  |                                                      |   |                  |  | Term loan     |  | 12/22/10    |  | 12/22/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 472 |  |  | $ | 472 |  |  | $ | 474 | 
|                       |  | Michael Avitan                 |  |                                                      | # | #                |  | Term loan     |  | 12/11/09    |  | 12/11/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 473 |  |  | $ | 473 | 
|                       |  | Tamimu Aliu                    |  |                                                      | # | #                |  | Term loan     |  | 06/07/10    |  | 06/07/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.00 | % |          | $ | 0 |           |  | $ | 476 |  |  | $ | 471 |  |  | $ | 473 | 
|                       |  | Avtar Singh                    |  |                                                      | # | #                |  | Term loan     |  | 12/22/09    |  | 12/22/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.90 | % |          | $ | 0 |           |  |   |     |  |  | $ | 472 |  |  | $ | 472 | 
|                       |  | Cesar A Calderon &             |  |                                                      |   |                  |  | Term loan     |  | 03/26/10    |  | 03/26/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  | $ | 470 |  |  | $ | 469 |  |  | $ | 470 | 
|                       |  | Zhi Li Peng &                  |  |                                                      | # | #                |  | Term loan     |  | 03/03/10    |  | 03/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.70 | % |          | $ | 0 |           |  | $ | 470 |  |  | $ | 469 |  |  | $ | 470 | 
|                       |  | Big Ari Taxi Corp              |  |                                                      | # | #                |  | Term loan     |  | 07/16/10    |  | 01/16/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.00 | % |          | $ | 0 |           |  | $ | 475 |  |  | $ | 466 |  |  | $ | 468 | 
|                       |  | Louis A Alphonse               |  |                                                      |   |                  |  | Term loan     |  | 12/16/10    |  | 12/16/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.25 | % |          | $ | 0 |           |  | $ | 465 |  |  | $ | 465 |  |  | $ | 467 | 
|                       |  | Rousseau Ductan                |  |                                                      |   |                  |  | Term loan     |  | 05/11/10    |  | 05/11/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 470 |  |  | $ | 466 |  |  | $ | 467 | 
|                       |  | Jacques A Petion &             |  |                                                      |   |                  |  | Term loan     |  | 09/16/08    |  | 09/11/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.85 | % |          | $ | 0 |           |  |   |     |  |  | $ | 467 |  |  | $ | 466 | 
|                       |  | M Irshad Chaudhry & Mhd Ramzan |  |                                                      | # | #                |  | Term loan     |  | 01/11/10    |  | 01/11/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.75 | % |          | $ | 0 |           |  | $ | 479 |  |  | $ | 466 |  |  | $ | 466 | 
|                       |  | Arcange J Dangervil            |  |                                                      | # | #                |  | Term loan     |  | 04/22/09    |  | 04/04/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 466 |  |  | $ | 463 | 
|                       |  | Balwinder Singh                |  |                                                      | # | #                |  | Term loan     |  | 04/12/10    |  | 04/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.50 | % |          | $ | 0 |           |  | $ | 470 |  |  | $ | 461 |  |  | $ | 462 | 
|                       |  | Prem Singh & Manjeet Kaur      |  |                                                      | # | #                |  | Term loan     |  | 04/20/10    |  | 04/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.50 | % |          | $ | 0 |           |  | $ | 470 |  |  | $ | 460 |  |  | $ | 461 | 
|                       |  | Ranjit Singh                   |  |                                                      | # | #                |  | Term loan     |  | 10/05/09    |  | 10/05/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 460 |  |  | $ | 460 | 
|                       |  | Jeff Y Lin                     |  |                                                      |   |                  |  | Term loan     |  | 12/28/09    |  | 12/28/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 456 |  |  | $ | 457 | 
|                       |  | Alexander Vizueta &            |  |                                                      |   |                  |  | Term loan     |  | 01/21/10    |  | 01/21/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 460 |  |  | $ | 457 |  |  | $ | 457 | 
|                       |  | Ahmed Elsayed                  |  |                                                      |   |                  |  | Term loan     |  | 09/16/10    |  | 09/16/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.50 | % |          | $ | 0 |           |  | $ | 458 |  |  | $ | 455 |  |  | $ | 456 | 
|                       |  | Nurus Samad Chowdhury          |  |                                                      | # | #                |  | Term loan     |  | 02/18/09    |  | 02/18/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.60 | % |          | $ | 0 |           |  |   |     |  |  | $ | 457 |  |  | $ | 456 | 
|                       |  | Rauf Meer                      |  |                                                      | # | #                |  | Term loan     |  | 02/17/09    |  | 02/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 455 |  |  | $ | 454 | 
|                       |  | Rossini F Celestin             |  |                                                      |   |                  |  | Term loan     |  | 10/09/09    |  | 10/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 452 |  |  | $ | 452 | 
|                       |  | Kobina Wood                    |  |                                                      | # | #                |  | Term loan     |  | 09/17/10    |  | 09/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 5.88 | % |          | $ | 0 |           |  | $ | 451 |  |  | $ | 450 |  |  | $ | 451 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Chamkor Cab Corp               |  |                                                     | # | #               |  | Term loan    |  | 12/16/09    |  | 06/16/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 451 |  |  | $ | 451 | 
|                       |  | Mark Ansley Clarke             |  |                                                     |   |                 |  | Term loan    |  | 01/28/09    |  | 01/28/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.63 | % |          | $ | 0 |           |  |   |     |  |  | $ | 452 |  |  | $ | 450 | 
|                       |  | Roland Eusebe & Naomi Charles  |  |                                                     |   |                 |  | Term loan    |  | 01/08/10    |  | 01/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 450 |  |  | $ | 450 |  |  | $ | 450 | 
|                       |  | Atef A Khalil                  |  |                                                     |   |                 |  | Term loan    |  | 01/25/10    |  | 01/25/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 450 |  |  | $ | 449 |  |  | $ | 449 | 
|                       |  | Miguel Fernandez               |  |                                                     | # | #               |  | Term loan    |  | 08/24/09    |  | 08/24/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 449 |  |  | $ | 449 | 
|                       |  | Avtar Singh                    |  |                                                     | # | #               |  | Term loan    |  | 09/24/09    |  | 09/24/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 448 |  |  | $ | 448 | 
|                       |  | Jacob Kuruvilla                |  |                                                     | # | #               |  | Term loan    |  | 11/11/09    |  | 11/15/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.90 | % |          | $ | 0 |           |  |   |     |  |  | $ | 448 |  |  | $ | 448 | 
|                       |  | Momar Diagne                   |  |                                                     | # | #               |  | Term loan    |  | 08/02/10    |  | 08/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 448 |  |  | $ | 446 |  |  | $ | 447 | 
|                       |  | Mario Nisthauz                 |  |                                                     | # | #               |  | Term loan    |  | 03/24/10    |  | 03/24/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 455 |  |  | $ | 449 |  |  | $ | 447 | 
|                       |  | Mian Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 05/06/10    |  | 05/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 450 |  |  | $ | 447 |  |  | $ | 447 | 
|                       |  | Preslert Louis                 |  |                                                     |   |                 |  | Term loan    |  | 03/09/09    |  | 03/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 444 |  |  | $ | 444 | 
|                       |  | Shubal C Ghose                 |  |                                                     | # | #               |  | Term loan    |  | 09/23/10    |  | 09/23/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 443 |  |  | $ | 441 |  |  | $ | 442 | 
|                       |  | Pat Bonna                      |  |                                                     | # | #               |  | Term loan    |  | 04/29/09    |  | 04/29/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 442 |  |  | $ | 441 | 
|                       |  | Carlos Govea                   |  |                                                     | # | #               |  | Term loan    |  | 10/15/10    |  | 10/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 434 |  |  | $ | 433 |  |  | $ | 435 | 
|                       |  | Luis Caban                     |  |                                                     | # | #               |  | Term loan    |  | 05/29/09    |  | 05/29/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 432 |  |  | $ | 431 | 
|                       |  | Choudhry F. R. Mealow &        |  |                                                     | # | #               |  | Term loan    |  | 01/28/09    |  | 01/28/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 429 |  |  | $ | 429 | 
|                       |  | Orys Trans Corp                |  |                                                     |   |                 |  | Term loan    |  | 05/05/08    |  | 05/05/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 429 |  |  | $ | 428 | 
|                       |  | Dady Hamel                     |  |                                                     | # | #               |  | Term loan    |  | 04/16/09    |  | 04/16/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 424 |  |  | $ | 423 | 
|                       |  | Humberto Ontaneda              |  |                                                     | # | #               |  | Term loan    |  | 01/06/10    |  | 01/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 430 |  |  | $ | 420 |  |  | $ | 421 | 
|                       |  | Evelyne Seraphin & Gonel Serap |  |                                                     | # | #               |  | Term loan    |  | 08/24/10    |  | 08/24/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 418 |  |  | $ | 415 |  |  | $ | 416 | 
|                       |  | Lesly Jeanjoseph               |  |                                                     | # | #               |  | Term loan    |  | 01/09/09    |  | 01/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 415 |  |  | $ | 415 | 
|                       |  | Joseph B Luxama                |  |                                                     | # | #               |  | Term loan    |  | 06/22/09    |  | 06/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 413 |  |  | $ | 413 | 
|                       |  | Samy Baddar                    |  |                                                     | # | #               |  | Term loan    |  | 05/07/10    |  | 05/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 418 |  |  | $ | 412 |  |  | $ | 413 | 
|                       |  | David Mashkabov                |  |                                                     | # | #               |  | Term loan    |  | 08/12/10    |  | 08/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 413 |  |  | $ | 411 |  |  | $ | 412 | 
|                       |  | Ny Berts Cab Corp              |  |                                                     | # | #               |  | Term loan    |  | 09/15/10    |  | 09/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 414 |  |  | $ | 410 |  |  | $ | 411 | 
|                       |  | Hoda M Hamdan & Abbas H Issa   |  |                                                     | # | #               |  | Term loan    |  | 06/18/10    |  | 06/18/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 412 |  |  | $ | 412 |  |  | $ | 411 | 
|                       |  | Patrick Sattaur                |  |                                                     | # | #               |  | Term loan    |  | 05/06/10    |  | 05/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 412 |  |  | $ | 407 |  |  | $ | 408 | 
|                       |  | Naion Ahmed & Kutub U Ahmed    |  |                                                     | # | #               |  | Term loan    |  | 01/06/10    |  | 07/06/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 412 |  |  | $ | 405 |  |  | $ | 405 | 
|                       |  | Zvuloon Express Cab Corp       |  |                                                     | # | #               |  | Term loan    |  | 06/02/04    |  | 03/14/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 405 |  |  | $ | 405 | 
|                       |  | Leo P. Roland                  |  |                                                     | # | #               |  | Term loan    |  | 03/12/09    |  | 03/12/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 404 |  |  | $ | 404 | 
|                       |  | Abi Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 08/02/10    |  | 08/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 402 |  |  | $ | 402 |  |  | $ | 403 | 
|                       |  | 2 Brothers Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 08/02/10    |  | 08/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 402 |  |  | $ | 402 |  |  | $ | 403 | 
|                       |  | Ricale Taxi Inc/Mfun           |  |                                                     |   |                 |  | Term loan    |  | 04/10/03    |  | 12/15/10 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 400 |  |  | $ | 400 | 
|                       |  | Zorro Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 02/12/10    |  | 02/12/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 400 |  |  | $ | 393 |  |  | $ | 394 | 
|                       |  | Olmedo Nocua                   |  |                                                     | # | #               |  | Term loan    |  | 09/17/09    |  | 09/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 392 |  |  | $ | 393 | 
|                       |  | Darnes Narcisse &              |  |                                                     | # | #               |  | Term loan    |  | 06/05/09    |  | 06/05/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.88 | % |          | $ | 0 |           |  |   |     |  |  | $ | 389 |  |  | $ | 390 | 
|                       |  | Joseph L Flovel                |  |                                                     | # | #               |  | Term loan    |  | 04/09/09    |  | 04/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 388 |  |  | $ | 388 | 
|                       |  | Elsayed A Hassan               |  |                                                     | # | #               |  | Term loan    |  | 02/24/09    |  | 02/24/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 385 |  |  | $ | 385 | 
|                       |  | Magloire David                 |  |                                                     |   |                 |  | Term loan    |  | 01/06/10    |  | 01/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 390 |  |  | $ | 384 |  |  | $ | 384 | 
|                       |  | Pierre Chery                   |  |                                                     |   |                 |  | Term loan    |  | 04/20/09    |  | 04/20/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 385 |  |  | $ | 384 | 
|                       |  | Tarafdar Abul & Tarafdar Luthf |  |                                                     |   |                 |  | Term loan    |  | 08/13/10    |  | 08/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 380 |  |  | $ | 380 |  |  | $ | 382 | 
|                       |  | Marc C Bastien                 |  |                                                     | # | #               |  | Term loan    |  | 04/24/09    |  | 04/24/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 379 |  |  | $ | 379 | 
|                       |  | Bella Hacking Corp             |  |                                                     | # | #               |  | Term loan    |  | 06/25/04    |  | 06/25/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 378 |  |  | $ | 377 | 
|                       |  | Jacques Desrosiers             |  |                                                     |   |                 |  | Term loan    |  | 09/05/07    |  | 04/24/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 378 |  |  | $ | 377 | 
|                       |  | Hasina Farazi And Rafiul Faraz |  |                                                     | # | #               |  | Term loan    |  | 08/13/09    |  | 08/13/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.13 | % |          | $ | 0 |           |  |   |     |  |  | $ | 376 |  |  | $ | 376 | 
|                       |  | Rahul Amin                     |  |                                                     | # | #               |  | Term loan    |  | 03/25/09    |  | 03/25/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.90 | % |          | $ | 0 |           |  |   |     |  |  | $ | 375 |  |  | $ | 375 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Shah M Rahman                  |  |                                                     | # | #               |  | Term loan    |  | 12/17/09    |  | 12/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.88 | % |          | $ | 0 |           |  |   |     |  |  | $ | 374 |  |  | $ | 374 | 
|                       |  | Guy Merisier                   |  |                                                     | # | #               |  | Term loan    |  | 05/19/10    |  | 05/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 374 |  |  | $ | 370 |  |  | $ | 371 | 
|                       |  | Gurmeet Singh                  |  |                                                     | # | #               |  | Term loan    |  | 12/10/09    |  | 12/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 370 |  |  | $ | 370 | 
|                       |  | Mihail Dragoi                  |  |                                                     | # | #               |  | Term loan    |  | 04/25/07    |  | 03/20/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 370 |  |  | $ | 370 | 
|                       |  | Spyridon Tzorzis               |  |                                                     | # | #               |  | Term loan    |  | 08/04/10    |  | 08/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 369 |  |  | $ | 367 |  |  | $ | 368 | 
|                       |  | Frands Fequiere                |  |                                                     | # | #               |  | Term loan    |  | 04/20/09    |  | 04/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 369 |  |  | $ | 368 | 
|                       |  | Pierre Jeune                   |  |                                                     | # | #               |  | Term loan    |  | 06/11/10    |  | 06/11/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 369 |  |  | $ | 364 |  |  | $ | 366 | 
|                       |  | Ilias Karanikolas              |  |                                                     |   |                 |  | Term loan    |  | 11/03/10    |  | 11/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 360 |  |  | $ | 360 |  |  | $ | 362 | 
|                       |  | Johan B Nijman                 |  |                                                     | # | #               |  | Term loan    |  | 04/25/08    |  | 04/24/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.90 | % |          | $ | 0 |           |  |   |     |  |  | $ | 361 |  |  | $ | 361 | 
|                       |  | Mukhtiar Singh                 |  |                                                     | # | #               |  | Term loan    |  | 06/23/08    |  | 06/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.13 | % |          | $ | 0 |           |  |   |     |  |  | $ | 359 |  |  | $ | 359 | 
|                       |  | Carlot Dalce                   |  |                                                     | # | #               |  | Term loan    |  | 11/15/10    |  | 11/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 355 |  |  | $ | 354 |  |  | $ | 356 | 
|                       |  | Pierre Cadet                   |  |                                                     | # | #               |  | Term loan    |  | 03/18/10    |  | 03/18/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 360 |  |  | $ | 354 |  |  | $ | 356 | 
|                       |  | Cleopatra Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 354 |  |  | $ | 354 | 
|                       |  | Augustin Charles &             |  |                                                     | # | #               |  | Term loan    |  | 05/23/08    |  | 05/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 355 |  |  | $ | 354 | 
|                       |  | Essa & Soliman Transit Inc     |  |                                                     | # | #               |  | Term loan    |  | 05/29/08    |  | 12/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 356 |  |  | $ | 353 | 
|                       |  | Real Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 350 |  |  | $ | 350 | 
|                       |  | Gerard G Tema                  |  |                                                     | # | #               |  | Term loan    |  | 12/06/10    |  | 12/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 347 |  |  | $ | 347 |  |  | $ | 349 | 
|                       |  | Santokh Bangay                 |  |                                                     | # | #               |  | Term loan    |  | 09/14/09    |  | 09/14/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 348 |  |  | $ | 348 | 
|                       |  | Eduard Neyman                  |  |                                                     | # | #               |  | Term loan    |  | 03/08/10    |  | 03/08/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 356 |  |  | $ | 346 |  |  | $ | 348 | 
|                       |  | Fritz Thernize                 |  |                                                     |   |                 |  | Term loan    |  | 09/25/06    |  | 02/15/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 344 |  |  | $ | 344 | 
|                       |  | Manuel Pena                    |  |                                                     | # | #               |  | Term loan    |  | 07/24/08    |  | 07/24/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 343 |  |  | $ | 343 | 
|                       |  | Amr & Rina Taxi Inc &          |  |                                                     | # | #               |  | Term loan    |  | 07/25/08    |  | 07/25/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 341 |  |  | $ | 341 | 
|                       |  | Luis E Perez                   |  |                                                     | # | #               |  | Term loan    |  | 02/19/10    |  | 02/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 341 |  |  | $ | 336 |  |  | $ | 338 | 
|                       |  | Rafael A Pena                  |  |                                                     |   |                 |  | Term loan    |  | 10/01/10    |  | 10/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 337 |  |  | $ | 335 |  |  | $ | 337 | 
|                       |  | Nautilus Service Cor           |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 336 | 
|                       |  | Run Service Corp               |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 336 | 
|                       |  | King D Taxi Inc                |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 336 | 
|                       |  | King Verin Taxi Inc            |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 336 | 
|                       |  | Crossbow Taxi Inc              |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 336 | 
|                       |  | Petia Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 07/02/09    |  | 07/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 336 |  |  | $ | 336 | 
|                       |  | Charlie Yun                    |  |                                                     | # | #               |  | Term loan    |  | 12/03/09    |  | 12/03/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 335 |  |  | $ | 335 | 
|                       |  | Joseph Jean                    |  |                                                     | # | #               |  | Term loan    |  | 09/04/09    |  | 09/04/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.35 | % |          | $ | 0 |           |  |   |     |  |  | $ | 335 |  |  | $ | 333 | 
|                       |  | Light Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  | $ | 343 |  |  | $ | 331 |  |  | $ | 333 | 
|                       |  | Platform Taxi Service          |  |                                                     | # | #               |  | Term loan    |  | 03/29/06    |  | 03/05/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 330 |  |  | $ | 330 | 
|                       |  | Fany Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  | $ | 340 |  |  | $ | 328 |  |  | $ | 330 | 
|                       |  | Elias Taxi Inc                 |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  | $ | 340 |  |  | $ | 328 |  |  | $ | 329 | 
|                       |  | Jolene Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  | $ | 343 |  |  | $ | 327 |  |  | $ | 329 | 
|                       |  | Lelio Bresier & Jeanne Bresier |  |                                                     | # | #               |  | Term loan    |  | 04/02/08    |  | 04/02/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 327 |  |  | $ | 327 | 
|                       |  | Angus Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 07/01/10    |  | 07/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  | $ | 336 |  |  | $ | 325 |  |  | $ | 327 | 
|                       |  | Mohammmed H Iqbal              |  |                                                     | # | #               |  | Term loan    |  | 01/13/09    |  | 01/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 327 |  |  | $ | 327 | 
|                       |  | Joslin Fenelus                 |  |                                                     | # | #               |  | Term loan    |  | 09/16/09    |  | 09/16/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 327 |  |  | $ | 327 | 
|                       |  | Gousse Leriche                 |  |                                                     |   |                 |  | Term loan    |  | 10/06/06    |  | 07/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 327 |  |  | $ | 326 | 
|                       |  | Chenet Dorvilier               |  |                                                     | # | #               |  | Term loan    |  | 11/14/07    |  | 03/15/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 326 |  |  | $ | 326 | 
|                       |  | Jean B Guerrier                |  |                                                     | # | #               |  | Term loan    |  | 08/12/09    |  | 08/12/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 325 |  |  | $ | 325 | 
|                       |  | Regis Briand & Nicole Briand   |  |                                                     | # | #               |  | Term loan    |  | 02/04/08    |  | 02/04/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.30 | % |          | $ | 0 |           |  |   |     |  |  | $ | 325 |  |  | $ | 325 | 
|                       |  | Cody Service Co Inc            |  |                                                     | # | #               |  | Term loan    |  | 09/15/10    |  | 09/10/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 320 |  |  | $ | 318 |  |  | $ | 320 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                               |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ----------------------------- |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                  |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Tiki Cab Corp/Note 1          |  |                                                     | # | #               |  | Term loan    |  | 04/19/10    |  | 04/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  | $ | 315 |  |  | $ | 314 |  |  | $ | 316 | 
|                       |  | Kornos Taxi Inc               |  |                                                     | # | #               |  | Term loan    |  | 05/02/03    |  | 08/21/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.63 | % |          | $ | 0 |           |  |   |     |  |  | $ | 313 |  |  | $ | 312 | 
|                       |  | Shahdad Bhatti Cab Corp       |  |                                                     | # | #               |  | Term loan    |  | 11/05/10    |  | 11/05/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.38 | % |          | $ | 0 |           |  | $ | 308 |  |  | $ | 308 |  |  | $ | 310 | 
|                       |  | Georges Desrosiers            |  |                                                     | # | #               |  | Term loan    |  | 05/28/08    |  | 05/28/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 307 |  |  | $ | 307 | 
|                       |  | Wilfrid Exantus &             |  |                                                     | # | #               |  | Term loan    |  | 07/19/07    |  | 01/19/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 307 |  |  | $ | 306 | 
|                       |  | Mohammad Ashraf Ali           |  |                                                     | # | #               |  | Term loan    |  | 06/10/10    |  | 06/10/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 310 |  |  | $ | 303 |  |  | $ | 305 | 
|                       |  | Alex Rabello                  |  |                                                     | # | #               |  | Term loan    |  | 03/04/08    |  | 03/04/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 304 |  |  | $ | 303 | 
|                       |  | Jean A. Alexandre             |  |                                                     | # | #               |  | Term loan    |  | 06/28/10    |  | 07/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 302 |  |  | $ | 300 |  |  | $ | 301 | 
|                       |  | Double Cab Corp               |  |                                                     | # | #               |  | Term loan    |  | 07/24/09    |  | 07/16/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 300 |  |  | $ | 301 | 
|                       |  | Avner Ben-Levy                |  |                                                     | # | #               |  | Term loan    |  | 07/08/10    |  | 07/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.35 | % |          | $ | 0 |           |  | $ | 302 |  |  | $ | 298 |  |  | $ | 301 | 
|                       |  | Chaim Tepper                  |  |                                                     | # | #               |  | Term loan    |  | 06/01/07    |  | 01/28/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 300 |  |  | $ | 300 | 
|                       |  | Pablo A Navarro               |  |                                                     | # | #               |  | Term loan    |  | 05/02/08    |  | 05/02/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 293 |  |  | $ | 293 | 
|                       |  | Man Singh                     |  |                                                     | # | #               |  | Term loan    |  | 09/07/10    |  | 09/07/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 289 |  |  | $ | 288 |  |  | $ | 289 | 
|                       |  | Tarek Elsaid                  |  |                                                     | # | #               |  | Term loan    |  | 10/23/09    |  | 10/23/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 277 |  |  | $ | 277 | 
|                       |  | Tiki Cab Corporation          |  |                                                     |   |                 |  | Term loan    |  | 04/19/10    |  | 04/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  | $ | 275 |  |  | $ | 275 |  |  | $ | 275 | 
|                       |  | Joseph Rene &                 |  |                                                     | # | #               |  | Term loan    |  | 02/21/08    |  | 02/21/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 274 |  |  | $ | 273 | 
|                       |  | Barbara Przezdziecka          |  |                                                     | # | #               |  | Term loan    |  | 05/10/07    |  | 05/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 271 |  |  | $ | 271 | 
|                       |  | Malkit Singh                  |  |                                                     | # | #               |  | Term loan    |  | 03/06/08    |  | 03/06/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.88 | % |          | $ | 0 |           |  |   |     |  |  | $ | 270 |  |  | $ | 269 | 
|                       |  | Lucien Montpeirous            |  |                                                     | # | #               |  | Term loan    |  | 07/17/07    |  | 07/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 259 |  |  | $ | 259 | 
|                       |  | Rom-Lat Hacking Corp/Note 2 & |  |                                                     |   |                 |  | Term loan    |  | 01/14/10    |  | 01/14/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.70 | % |          | $ | 0 |           |  | $ | 259 |  |  | $ | 257 |  |  | $ | 256 | 
|                       |  | Serge Bonny                   |  |                                                     | # | #               |  | Term loan    |  | 08/19/08    |  | 08/18/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.13 | % |          | $ | 0 |           |  |   |     |  |  | $ | 252 |  |  | $ | 252 | 
|                       |  | Zvuloon Express Cab Corp      |  |                                                     |   |                 |  | Term loan    |  | 03/26/07    |  | 03/14/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | Fenway Cab Corp               |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | Mamkale Transit Inc           |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | Munkach Transit Inc           |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | Sabrinush Transit Inc         |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | Sapphire Transit Inc          |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | Slate Cab Corp                |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | Specter Cab Corp              |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | W Sar Trans Corp              |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | Wlol Trans Corp               |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | Brini Transit Inc             |  |                                                     |   |                 |  | Term loan    |  | 08/22/07    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  | Edward Weber                  |  |                                                     | # | #               |  | Term loan    |  | 11/04/05    |  | 05/14/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 248 |  |  | $ | 248 | 
|                       |  | Rom-Lat Hacking Corp/Note 1 & |  |                                                     |   |                 |  | Term loan    |  | 01/14/10    |  | 01/14/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.70 | % |          | $ | 0 |           |  | $ | 259 |  |  | $ | 243 |  |  | $ | 245 | 
|                       |  | Mohammad Azhar                |  |                                                     | # | #               |  | Term loan    |  | 08/11/08    |  | 08/11/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 245 |  |  | $ | 244 | 
|                       |  | Abdul H Abid                  |  |                                                     | # | #               |  | Term loan    |  | 06/09/09    |  | 06/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |     |  |  | $ | 244 |  |  | $ | 244 | 
|                       |  | Amos B Baffour-Gyau           |  |                                                     | # | #               |  | Term loan    |  | 10/04/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 243 |  |  | $ | 241 |  |  | $ | 243 | 
|                       |  | Chuhar Singh                  |  |                                                     | # | #               |  | Term loan    |  | 06/02/10    |  | 06/02/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.40 | % |          | $ | 0 |           |  | $ | 250 |  |  | $ | 237 |  |  | $ | 240 | 
|                       |  | Joseph L Marescot             |  |                                                     | # | #               |  | Term loan    |  | 02/18/10    |  | 02/18/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 243 |  |  | $ | 235 |  |  | $ | 237 | 
|                       |  | Abdullah Zivali               |  |                                                     | # | #               |  | Term loan    |  | 04/15/10    |  | 04/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 250 |  |  | $ | 235 |  |  | $ | 236 | 
|                       |  | Ali Akbar                     |  |                                                     | # | #               |  | Term loan    |  | 03/04/10    |  | 03/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  | $ | 245 |  |  | $ | 235 |  |  | $ | 236 | 
|                       |  | Rehmet Khan                   |  |                                                     | # | #               |  | Term loan    |  | 03/27/08    |  | 03/27/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 233 |  |  | $ | 233 | 
|                       |  | Ram L Sharma                  |  |                                                     | # | #               |  | Term loan    |  | 06/18/08    |  | 06/18/18 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 224 |  |  | $ | 224 | 
|                       |  | Ede Service Corp              |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  | Slo Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  | Nicolae Blidariu              |  |                                                     |   |                 |  | Term loan    |  | 02/29/08    |  | 02/28/23 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 206 |  |  | $ | 207 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                 |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |       |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------- |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | ----- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                    |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Baljit Panjaur & P Singh/Note 1 |  |                                                     | # | #               |  | Term loan    |  | 08/27/08    |  | 08/27/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 206 |  |  | $ | 206 | 
|                       |  | Joseph S. Geneus &              |  |                                                     | # | #               |  | Term loan    |  | 11/19/07    |  | 11/19/10 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 198 |  |  | $ | 197 | 
|                       |  | David Taxi Corp                 |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 2,400 |  |  | $ | 192 |  |  | $ | 194 | 
|                       |  | Zante Cab Corp/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 02/02/10    |  | 02/02/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.01 | % |          | $ | 0 |           |  | $ | 195   |  |  | $ | 192 |  |  | $ | 192 | 
|                       |  | Wilfrid Barreau                 |  |                                                     |   |                 |  | Term loan    |  | 12/29/09    |  | 12/29/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 185 |  |  | $ | 185 | 
|                       |  | Orr Cab Corp                    |  |                                                     | # | #               |  | Term loan    |  | 04/06/06    |  | 03/28/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 185 |  |  | $ | 185 | 
|                       |  | Folio Taxi Corp                 |  |                                                     | # | #               |  | Term loan    |  | 04/06/06    |  | 03/28/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 185 |  |  | $ | 185 | 
|                       |  | Gasless Transit Llc/Bnote       |  |                                                     |   |                 |  | Term loan    |  | 10/23/06    |  | 10/23/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Electron Transit Llc/B Note     |  |                                                     |   |                 |  | Term loan    |  | 10/23/06    |  | 10/23/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Fusion Transit Llc/B Note       |  |                                                     |   |                 |  | Term loan    |  | 10/23/06    |  | 10/23/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Atom Transit Llc/B Note         |  |                                                     |   |                 |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Duracell Transit Llc/B Note     |  |                                                     |   |                 |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Jackie L Chaiken & Michael Cha  |  |                                                     | # | #               |  | Term loan    |  | 02/10/04    |  | 04/08/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.90 | % |          | $ | 0 |           |  |   |       |  |  | $ | 173 |  |  | $ | 173 | 
|                       |  | Baljit Panjaur P Singh/Note 2   |  |                                                     |   |                 |  | Term loan    |  | 08/27/08    |  | 08/27/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 164 |  |  | $ | 164 | 
|                       |  | Daniel Victor                   |  |                                                     | # | #               |  | Term loan    |  | 05/07/08    |  | 05/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 160 |  |  | $ | 159 | 
|                       |  | Joubert Toussaint               |  |                                                     |   |                 |  | Term loan    |  | 02/19/10    |  | 02/19/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 162   |  |  | $ | 157 |  |  | $ | 158 | 
|                       |  | Joseph Bologna                  |  |                                                     | # | #               |  | Term loan    |  | 10/06/10    |  | 10/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 155   |  |  | $ | 154 |  |  | $ | 156 | 
|                       |  | Angelita Transit Inc/Note 1     |  |                                                     |   |                 |  | Term loan    |  | 04/22/10    |  | 04/22/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.38 | % |          | $ | 0 |           |  | $ | 156   |  |  | $ | 155 |  |  | $ | 155 | 
|                       |  | Ede Service Corp/Mfun           |  |                                                     |   |                 |  | Term loan    |  | 07/24/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 151 |  |  | $ | 151 | 
|                       |  | Shabbir Ahmed                   |  |                                                     | # | #               |  | Term loan    |  | 04/06/05    |  | 04/06/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 149 |  |  | $ | 149 | 
|                       |  | Yaniv Express Cab Co            |  |                                                     |   |                 |  | Term loan    |  | 08/01/99    |  | 03/14/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 143 |  |  | $ | 142 | 
|                       |  | Roman Fermin                    |  |                                                     | # | #               |  | Term loan    |  | 04/09/09    |  | 04/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 142 |  |  | $ | 142 | 
|                       |  | Ny Diploma Taxi Co              |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Yosi Transit Inc                |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Anastasios Tsiklidis            |  |                                                     |   |                 |  | Term loan    |  | 08/12/09    |  | 02/12/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.13 | % |          | $ | 0 |           |  |   |       |  |  | $ | 132 |  |  | $ | 133 | 
|                       |  | Boris Ushman                    |  |                                                     | # | #               |  | Term loan    |  | 05/21/03    |  | 05/05/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.88 | % |          | $ | 0 |           |  |   |       |  |  | $ | 127 |  |  | $ | 126 | 
|                       |  | Elias Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 04/14/08    |  | 04/14/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 126 |  |  | $ | 126 | 
|                       |  | Norberto Cardona                |  |                                                     | # | #               |  | Term loan    |  | 05/18/09    |  | 05/18/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 124 |  |  | $ | 124 | 
|                       |  | Ilias Karanikolas/Note 2        |  |                                                     |   |                 |  | Term loan    |  | 11/03/10    |  | 11/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 124   |  |  | $ | 124 |  |  | $ | 124 | 
|                       |  | Jose Perez                      |  |                                                     | # | #               |  | Term loan    |  | 11/03/98    |  | 10/10/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 119 |  |  | $ | 119 | 
|                       |  | Aleksandr Sverdlov              |  |                                                     | # | #               |  | Term loan    |  | 03/02/05    |  | 02/11/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 118 |  |  | $ | 118 | 
|                       |  | First Eight Grand Corp/Mbank    |  |                                                     |   |                 |  | Term loan    |  | 04/28/10    |  | 04/28/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.27 | % |          | $ | 0 |           |  | $ | 103   |  |  | $ | 103 |  |  | $ | 101 | 
|                       |  | Ny Diploma Taxi Corp/Mfun       |  |                                                     |   |                 |  | Term loan    |  | 07/24/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 101 |  |  | $ | 101 | 
|                       |  | Jorge J Nisthauz                |  |                                                     | # | #               |  | Term loan    |  | 09/21/00    |  | 08/04/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 100 |  |  | $ | 100 | 
|                       |  | Ken Service Corp/Mbank          |  |                                                     |   |                 |  | Term loan    |  | 09/02/10    |  | 09/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 115   |  |  | $ | 115 |  |  | $ | 100 | 
|                       |  | Ketgo Express Cab Co            |  |                                                     |   |                 |  | Term loan    |  | 12/16/08    |  | 01/16/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 100 |  |  | $ | 99  | 
|                       |  | King Pierre Taxi Inc            |  |                                                     |   |                 |  | Term loan    |  | 10/18/10    |  | 10/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 96  |  |  | $ | 98  | 
|                       |  | N.Y. Indigo Taxi Corp           |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 96  |  |  | $ | 98  | 
|                       |  | Eddy Joseph                     |  |                                                     | # | #               |  | Term loan    |  | 12/20/00    |  | 01/01/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 96  |  |  | $ | 96  | 
|                       |  | Michael Piccolo                 |  |                                                     | # | #               |  | Term loan    |  | 05/03/06    |  | 03/03/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 90  |  |  | $ | 90  | 
|                       |  | Mode Service Corp               |  |                                                     |   |                 |  | Term loan    |  | 04/08/05    |  | 04/08/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.60 | % |          | $ | 0 |           |  |   |       |  |  | $ | 89  |  |  | $ | 89  | 
|                       |  | Julella Cab Corp                |  |                                                     |   |                 |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 1,723 |  |  | $ | 87  |  |  | $ | 89  | 
|                       |  | Jean F Bellanton                |  |                                                     |   |                 |  | Term loan    |  | 07/29/05    |  | 07/29/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 86  |  |  | $ | 86  | 
|                       |  | Ny Pisces Taxi Corp             |  |                                                     |   |                 |  | Term loan    |  | 10/18/10    |  | 10/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 84  |  |  | $ | 86  | 
|                       |  | Ny Kind Taxi Corp               |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 84  |  |  | $ | 86  | 
|                       |  | Ny Cookie Taxi Corp             |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 84  |  |  | $ | 86  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |       |  |  |   |    |  |  |   |    | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | ----- |  |  | - | -- |  |  | - | -- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | King Mario Taxi Inc            |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 84 |  |  | $ | 86 | 
|                       |  | Isotope Transit Llc/B Note     |  |                                                     |   |                 |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 84 | 
|                       |  | Juiced Transit Llc/B Note      |  |                                                     |   |                 |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 84 | 
|                       |  | Kinetic Transit Llc/B Note     |  |                                                     |   |                 |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 84 | 
|                       |  | Lowvolt Transit Llc            |  |                                                     |   |                 |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 84 | 
|                       |  | Mixfuel Transit Llcb Note      |  |                                                     |   |                 |  | Term loan    |  | 10/31/06    |  | 10/31/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 84 | 
|                       |  | Quark Transit Llc/B Note       |  |                                                     |   |                 |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 84 | 
|                       |  | Neutron Transit Llc/B Note     |  |                                                     |   |                 |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 84 | 
|                       |  | Proton Transit Llc/B Note      |  |                                                     |   |                 |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 84 | 
|                       |  | Rechargeable Transit Llc/Bnote |  |                                                     |   |                 |  | Term loan    |  | 10/16/06    |  | 10/16/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 84 | 
|                       |  | Hybrid Transit Llc/B Note      |  |                                                     |   |                 |  | Term loan    |  | 10/23/06    |  | 10/23/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 85 |  |  | $ | 84 | 
|                       |  | Yberto Santana                 |  |                                                     | # | #               |  | Term loan    |  | 09/14/10    |  | 07/14/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50 | % |          | $ | 0 |           |  | $ | 84    |  |  | $ | 81 |  |  | $ | 83 | 
|                       |  | BU Taxi LLC                    |  |                                                     |   |                 |  | Term loan    |  | 12/29/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.40 | % |          | $ | 0 |           |  | $ | 75    |  |  | $ | 75 |  |  | $ | 75 | 
|                       |  | Carlos Rios                    |  |                                                     |   |                 |  | Term loan    |  | 03/10/08    |  | 03/10/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 74 |  |  | $ | 74 | 
|                       |  | Ornos Service Inc              |  |                                                     |   |                 |  | Term loan    |  | 02/23/07    |  | 02/23/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.40 | % |          | $ | 0 |           |  |   |       |  |  | $ | 72 |  |  | $ | 72 | 
|                       |  | Calcium One Service Inc        |  |                                                     |   |                 |  | Term loan    |  | 02/23/07    |  | 02/23/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.40 | % |          | $ | 0 |           |  |   |       |  |  | $ | 72 |  |  | $ | 72 | 
|                       |  | Whispers Taxi Inc/Mbank        |  |                                                     |   |                 |  | Term loan    |  | 04/20/10    |  | 04/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  | $ | 70    |  |  | $ | 70 |  |  | $ | 70 | 
|                       |  | Ede Service Corp               |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 69 |  |  | $ | 69 | 
|                       |  | Robola Inc/Mbank               |  |                                                     |   |                 |  | Term loan    |  | 12/07/04    |  | 07/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.85 | % |          | $ | 0 |           |  |   |       |  |  | $ | 65 |  |  | $ | 65 | 
|                       |  | Grand Yellow Taxi Ltd          |  |                                                     |   |                 |  | Term loan    |  | 07/30/09    |  | 07/30/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 64 |  |  | $ | 64 | 
|                       |  | Natlon Hacking Corp            |  |                                                     |   |                 |  | Term loan    |  | 08/17/10    |  | 08/16/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 62 |  |  | $ | 64 | 
|                       |  | Jacal Hacking Corp             |  |                                                     |   |                 |  | Term loan    |  | 08/17/10    |  | 08/16/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 62 |  |  | $ | 64 | 
|                       |  | Heby Taxi Inc./Mbank           |  |                                                     |   |                 |  | Term loan    |  | 09/02/10    |  | 09/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 76    |  |  | $ | 76 |  |  | $ | 63 | 
|                       |  | Libnoth Cab Corp/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 09/02/10    |  | 09/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 76    |  |  | $ | 76 |  |  | $ | 63 | 
|                       |  | Junco Taxi Inc/Mbank           |  |                                                     |   |                 |  | Term loan    |  | 09/02/10    |  | 09/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 76    |  |  | $ | 76 |  |  | $ | 63 | 
|                       |  | Otolizz Hacking Corp           |  |                                                     |   |                 |  | Term loan    |  | 01/14/09    |  | 01/13/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 61 |  |  | $ | 63 | 
|                       |  | Tulya Kogan Associates Inc     |  |                                                     |   |                 |  | Term loan    |  | 01/09/09    |  | 01/09/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 62 |  |  | $ | 63 | 
|                       |  | Lazaros Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 11/01/10    |  | 11/01/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.80 | % |          | $ | 0 |           |  | $ | 63    |  |  | $ | 62 |  |  | $ | 62 | 
|                       |  | Kesev Taxi Inc                 |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 60 |  |  | $ | 62 | 
|                       |  | N.Y. Yno Taxi Corp             |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 60 |  |  | $ | 62 | 
|                       |  | N.Y. Abar Taxi Corp            |  |                                                     |   |                 |  | Term loan    |  | 10/05/10    |  | 10/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 1,200 |  |  | $ | 60 |  |  | $ | 62 | 
|                       |  | Y Mommy Taxi                   |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 60    |  |  | $ | 60 |  |  | $ | 60 | 
|                       |  | Kby Taxi Inc/Mbank             |  |                                                     |   |                 |  | Term loan    |  | 04/28/10    |  | 04/28/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.07 | % |          | $ | 0 |           |  | $ | 61    |  |  | $ | 61 |  |  | $ | 59 | 
|                       |  | Motors Taxi Inc/Mbank          |  |                                                     |   |                 |  | Term loan    |  | 04/28/10    |  | 04/28/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.07 | % |          | $ | 0 |           |  | $ | 61    |  |  | $ | 61 |  |  | $ | 59 | 
|                       |  | Avi Taxi Corporation           |  |                                                     |   |                 |  | Term loan    |  | 04/28/10    |  | 04/28/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.07 | % |          | $ | 0 |           |  | $ | 61    |  |  | $ | 61 |  |  | $ | 59 | 
|                       |  | Ricale Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 07/24/03    |  | 02/15/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.63 | % |          | $ | 0 |           |  |   |       |  |  | $ | 58 |  |  | $ | 58 | 
|                       |  | Dani Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 1,100 |  |  | $ | 55 |  |  | $ | 57 | 
|                       |  | Y Daddy Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 1,100 |  |  | $ | 55 |  |  | $ | 57 | 
|                       |  | Ricale Taxi Inc/B Note         |  |                                                     | # | #               |  | Term loan    |  | 02/10/04    |  | 02/15/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.63 | % |          | $ | 0 |           |  |   |       |  |  | $ | 57 |  |  | $ | 57 | 
|                       |  | Appoint Cab Corp/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 12/06/10    |  | 12/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.96 | % |          | $ | 0 |           |  | $ | 57    |  |  | $ | 57 |  |  | $ | 57 | 
|                       |  | Blend Transit Llc/B Note       |  |                                                     |   |                 |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 56 |  |  | $ | 56 | 
|                       |  | Composite Transit Llc/B Note   |  |                                                     |   |                 |  | Term loan    |  | 11/03/06    |  | 11/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 56 |  |  | $ | 56 | 
|                       |  | Hereford Cab Corp              |  |                                                     |   |                 |  | Term loan    |  | 04/25/08    |  | 04/24/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 53 |  |  | $ | 53 | 
|                       |  | Bursa Cab Corp/Note 1          |  |                                                     |   |                 |  | Term loan    |  | 03/23/01    |  | 09/10/23 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 53 |  |  | $ | 53 | 
|                       |  | North Moore Taxi Inc           |  |                                                     |   |                 |  | Term loan    |  | 10/25/10    |  | 10/25/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 979   |  |  | $ | 49 |  |  | $ | 52 | 
|                       |  | Hoyt Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 10/25/10    |  | 10/25/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 979   |  |  | $ | 49 |  |  | $ | 52 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |     |  |  |   |    |  |  |   |    | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | -- |  |  | - | -- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Goodspeed Transit Inc/Mbank    |  |                                                     |   |                 |  | Term loan    |  | 09/14/09    |  | 09/14/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.07 | % |          | $ | 0 |           |  |   |     |  |  | $ | 54 |  |  | $ | 51 | 
|                       |  | Samiullah Zaman/Mbank          |  |                                                     |   |                 |  | Term loan    |  | 09/09/10    |  | 09/09/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.79 | % |          | $ | 0 |           |  | $ | 53  |  |  | $ | 53 |  |  | $ | 50 | 
|                       |  | M.Y. Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 960 |  |  | $ | 48 |  |  | $ | 50 | 
|                       |  | Mellow Yellow Taxi Corp/Mbank  |  |                                                     |   |                 |  | Term loan    |  | 10/21/09    |  | 10/21/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.07 | % |          | $ | 0 |           |  |   |     |  |  | $ | 51 |  |  | $ | 48 | 
|                       |  | Anthony Okyere Duah/Mbank      |  |                                                     |   |                 |  | Term loan    |  | 07/25/08    |  | 07/25/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 48 |  |  | $ | 48 | 
|                       |  | Dayna Hacking Corp/Mbank       |  |                                                     |   |                 |  | Term loan    |  | 04/20/10    |  | 04/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  | $ | 47  |  |  | $ | 47 |  |  | $ | 47 | 
|                       |  | Bellsky Taxi Llc/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 09/15/09    |  | 09/14/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.07 | % |          | $ | 0 |           |  |   |     |  |  | $ | 49 |  |  | $ | 46 | 
|                       |  | Calcium One Service Inc        |  |                                                     |   |                 |  | Term loan    |  | 02/23/07    |  | 02/23/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.40 | % |          | $ | 0 |           |  |   |     |  |  | $ | 46 |  |  | $ | 46 | 
|                       |  | Ny Diploma Taxi Co             |  |                                                     |   |                 |  | Term loan    |  | 07/20/07    |  | 07/20/17 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 46 |  |  | $ | 46 | 
|                       |  | Poopie Cab Corp                |  |                                                     |   |                 |  | Term loan    |  | 10/25/10    |  | 10/25/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.50 | % |          | $ | 0 |           |  | $ | 860 |  |  | $ | 43 |  |  | $ | 46 | 
|                       |  | Mazl Taxi Inc/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 09/07/10    |  | 09/07/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 56  |  |  | $ | 56 |  |  | $ | 46 | 
|                       |  | Ny Kfar Taxi Corp/Mbank        |  |                                                     |   |                 |  | Term loan    |  | 09/07/10    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 56  |  |  | $ | 56 |  |  | $ | 46 | 
|                       |  | Twinkle Cab Corp/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 09/07/10    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 56  |  |  | $ | 56 |  |  | $ | 46 | 
|                       |  | Barometer Hacking Co           |  |                                                     |   |                 |  | Term loan    |  | 03/10/08    |  | 03/08/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.60 | % |          | $ | 0 |           |  |   |     |  |  | $ | 45 |  |  | $ | 45 | 
|                       |  | Jacob Express Cab Co           |  |                                                     |   |                 |  | Term loan    |  | 02/22/05    |  | 02/14/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.10 | % |          | $ | 0 |           |  |   |     |  |  | $ | 45 |  |  | $ | 45 | 
|                       |  | Orys Trans Corp                |  |                                                     |   |                 |  | Term loan    |  | 01/04/07    |  | 01/28/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 44 |  |  | $ | 44 | 
|                       |  | Gurdeep Singh/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 12/15/09    |  | 12/15/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 43 |  |  | $ | 43 | 
|                       |  | Lemon Trans Corp &             |  |                                                     |   |                 |  | Term loan    |  | 12/24/09    |  | 12/24/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 43 |  |  | $ | 43 | 
|                       |  | Leka Transit Inc               |  |                                                     |   |                 |  | Term loan    |  | 06/03/08    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 42 |  |  | $ | 42 | 
|                       |  | Tate Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 06/03/08    |  | 06/03/16 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 42 |  |  | $ | 42 | 
|                       |  | Mercedes Hacking Corp          |  |                                                     |   |                 |  | Term loan    |  | 05/04/10    |  | 05/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 69  |  |  | $ | 49 |  |  | $ | 42 | 
|                       |  | Lakhbir Sing & Kuldi           |  |                                                     | # | #               |  | Term loan    |  | 08/17/98    |  | 12/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.85 | % |          | $ | 0 |           |  |   |     |  |  | $ | 42 |  |  | $ | 42 | 
|                       |  | Bento Trans Corp               |  |                                                     |   |                 |  | Term loan    |  | 03/14/08    |  | 03/13/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 41 |  |  | $ | 41 | 
|                       |  | Nili Trans Corp                |  |                                                     |   |                 |  | Term loan    |  | 03/14/08    |  | 03/13/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 41 |  |  | $ | 41 | 
|                       |  | Batch Bootch Express Cab Corp  |  |                                                     |   |                 |  | Term loan    |  | 03/14/08    |  | 03/13/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 41 |  |  | $ | 41 | 
|                       |  | Niroosh Express Cab Corp.      |  |                                                     |   |                 |  | Term loan    |  | 03/14/08    |  | 03/13/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 41 |  |  | $ | 41 | 
|                       |  | Sharon Express Cab C           |  |                                                     |   |                 |  | Term loan    |  | 03/14/08    |  | 03/13/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 41 |  |  | $ | 41 | 
|                       |  | Bursa Cab Corp/Note 2          |  |                                                     |   |                 |  | Term loan    |  | 03/23/01    |  | 09/10/23 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 40 |  |  | $ | 40 | 
|                       |  | Ravinder Singh & M Multani/Mbk |  |                                                     |   |                 |  | Term loan    |  | 10/28/10    |  | 10/28/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.12 | % |          | $ | 0 |           |  | $ | 40  |  |  | $ | 40 |  |  | $ | 40 | 
|                       |  | Lightning Hacking Corp         |  |                                                     |   |                 |  | Term loan    |  | 06/29/07    |  | 03/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.60 | % |          | $ | 0 |           |  |   |     |  |  | $ | 41 |  |  | $ | 40 | 
|                       |  | Gerard G Tema                  |  |                                                     |   |                 |  | Term loan    |  | 12/06/10    |  | 12/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 40  |  |  | $ | 40 |  |  | $ | 40 | 
|                       |  | Zahav Taxi Llc                 |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88 | % |          | $ | 0 |           |  | $ | 750 |  |  | $ | 38 |  |  | $ | 40 | 
|                       |  | Tosal Hacking Corp             |  |                                                     |   |                 |  | Term loan    |  | 07/03/07    |  | 01/10/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 40 |  |  | $ | 39 | 
|                       |  | Nosea Taxi Llc                 |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 750 |  |  | $ | 38 |  |  | $ | 39 | 
|                       |  | 1212 Taxi Llc                  |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 750 |  |  | $ | 38 |  |  | $ | 39 | 
|                       |  | Julia Rose Hacking Corp./Mbank |  |                                                     |   |                 |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |          | $ | 0 |           |  | $ | 39  |  |  | $ | 39 |  |  | $ | 39 | 
|                       |  | Humidity Hacking Corp          |  |                                                     |   |                 |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 716 |  |  | $ | 36 |  |  | $ | 38 | 
|                       |  | Erwich Chery/Mbank             |  |                                                     |   |                 |  | Term loan    |  | 11/13/09    |  | 11/13/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.86 | % |          | $ | 0 |           |  |   |     |  |  | $ | 39 |  |  | $ | 38 | 
|                       |  | Edes Hacking Corp              |  |                                                     |   |                 |  | Term loan    |  | 06/29/07    |  | 03/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.60 | % |          | $ | 0 |           |  |   |     |  |  | $ | 38 |  |  | $ | 37 | 
|                       |  | Vortex Hacking Corp            |  |                                                     |   |                 |  | Term loan    |  | 06/29/07    |  | 03/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.60 | % |          | $ | 0 |           |  |   |     |  |  | $ | 38 |  |  | $ | 37 | 
|                       |  | Fernande Paul Cab Corp/Mbank   |  |                                                     |   |                 |  | Term loan    |  | 06/12/08    |  | 06/11/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.39 | % |          | $ | 0 |           |  |   |     |  |  | $ | 36 |  |  | $ | 36 | 
|                       |  | Zeisel Hacking Corp/Mbank      |  |                                                     |   |                 |  | Term loan    |  | 04/14/10    |  | 04/14/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00 | % |          | $ | 0 |           |  | $ | 39  |  |  | $ | 38 |  |  | $ | 35 | 
|                       |  | West Fifth Street Service/Mfun |  |                                                     |   |                 |  | Term loan    |  | 05/18/10    |  | 05/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.22 | % |          | $ | 0 |           |  | $ | 39  |  |  | $ | 39 |  |  | $ | 35 | 
|                       |  | Paine Hacking Corp.            |  |                                                     |   |                 |  | Term loan    |  | 05/13/10    |  | 05/12/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.22 | % |          | $ | 0 |           |  | $ | 39  |  |  | $ | 39 |  |  | $ | 35 | 
|                       |  | Neer Cab Corp/Mbnk             |  |                                                     |   |                 |  | Term loan    |  | 10/21/10    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00 | % |          | $ | 0 |           |  | $ | 34  |  |  | $ | 34 |  |  | $ | 34 | 
|                       |  | Travis R Bazile & Jean Exinvil |  |                                                     |   |                 |  | Term loan    |  | 10/06/10    |  | 10/06/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.58 | % |          | $ | 0 |           |  | $ | 36  |  |  | $ | 36 |  |  | $ | 34 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                               |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |       |   |          |   |   |           |  |   |     |  |  |   |    |  |  |   |    | 
|---------------------- |  | ----------------------------- |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ----- | - | -------- | - | - | --------- |  | - | --- |  |  | - | -- |  |  | - | -- | 
|(Dollars in thousands) |  | Obligor Name                  |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2010Acquisitions(5) |       |   | Cost (4) |   |   | FairValue | 
|                       |  | Ahmed Nazim & H Mostafa/Mbank |  |                                                     |   |                 |  | Term loan    |  | 09/16/10    |  | 09/16/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.18  | % |          | $ | 0 |           |  | $ | 38  |  |  | $ | 38 |  |  | $ | 32 | 
|                       |  | Y Meir Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 600 |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | M.M.Y Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 600 |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Mike Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 600 |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | N&A Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 600 |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Michal Taxi Inc             |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 600 |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | S&M Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 600 |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Mati Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 600 |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Jacob Apoh/Mfin               |  |                                                     |   |                 |  | Term loan    |  | 05/13/10    |  | 05/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00  | % |          | $ | 0 |           |  | $ | 30  |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  | Mongerry Hacking Cor          |  |                                                     |   |                 |  | Term loan    |  | 08/02/10    |  | 08/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 570 |  |  | $ | 28 |  |  | $ | 30 | 
|                       |  | Mohammed Abdu & H Hedru/Mbank |  |                                                     |   |                 |  | Term loan    |  | 08/11/06    |  | 08/04/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.01  | % |          | $ | 0 |           |  |   |     |  |  | $ | 29 |  |  | $ | 29 | 
|                       |  | Jacques A Petion &            |  |                                                     |   |                 |  | Term loan    |  | 07/30/10    |  | 07/30/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00  | % |          | $ | 0 |           |  | $ | 30  |  |  | $ | 29 |  |  | $ | 29 | 
|                       |  | Wisly Noel/Mbank              |  |                                                     |   |                 |  | Term loan    |  | 06/24/10    |  | 06/23/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50  | % |          | $ | 0 |           |  | $ | 28  |  |  | $ | 28 |  |  | $ | 28 | 
|                       |  | Erwich Chery                  |  |                                                     |   |                 |  | Term loan    |  | 09/21/10    |  | 09/21/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00  | % |          | $ | 0 |           |  | $ | 26  |  |  | $ | 25 |  |  | $ | 27 | 
|                       |  | MOHAMMED A HAKIM/MBANK        |  |                                                     |   |                 |  | Term loan    |  | 12/29/10    |  | 12/28/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.96  | % |          | $ | 0 |           |  | $ | 27  |  |  | $ | 27 |  |  | $ | 27 | 
|                       |  | Brandon Taxi Llc/Mbank        |  |                                                     |   |                 |  | Term loan    |  | 11/24/10    |  | 11/24/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50  | % |          | $ | 0 |           |  | $ | 27  |  |  | $ | 27 |  |  | $ | 27 | 
|                       |  | Barth Taxi Llc/Mbank          |  |                                                     |   |                 |  | Term loan    |  | 11/24/10    |  | 11/24/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.50  | % |          | $ | 0 |           |  | $ | 27  |  |  | $ | 27 |  |  | $ | 27 | 
|                       |  | Choudhry F. R. Mealow/Mfun &  |  |                                                     |   |                 |  | Term loan    |  | 02/02/09    |  | 01/28/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00  | % |          | $ | 0 |           |  |   |     |  |  | $ | 26 |  |  | $ | 26 | 
|                       |  | Guy Fouyolle                  |  |                                                     | # | #               |  | Term loan    |  | 05/22/98    |  | 07/22/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.13  | % |          | $ | 0 |           |  |   |     |  |  | $ | 26 |  |  | $ | 26 | 
|                       |  | Jaspal Singh/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 10/27/10    |  | 10/27/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 11.66 | % |          | $ | 0 |           |  | $ | 26  |  |  | $ | 26 |  |  | $ | 26 | 
|                       |  | Trojan Cab Corp/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 12/08/09    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00  | % |          | $ | 0 |           |  |   |     |  |  | $ | 27 |  |  | $ | 25 | 
|                       |  | Pikada Transit Inc/Mbank      |  |                                                     |   |                 |  | Term loan    |  | 12/08/09    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00  | % |          | $ | 0 |           |  |   |     |  |  | $ | 27 |  |  | $ | 25 | 
|                       |  | Trylon Transit Inc/Mbank      |  |                                                     |   |                 |  | Term loan    |  | 12/08/09    |  | 10/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.00  | % |          | $ | 0 |           |  |   |     |  |  | $ | 27 |  |  | $ | 25 | 
|                       |  | Yegal Express Cab Co/Mbank    |  |                                                     |   |                 |  | Term loan    |  | 11/10/10    |  | 11/10/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 10.13 | % |          | $ | 0 |           |  | $ | 25  |  |  | $ | 25 |  |  | $ | 25 | 
|                       |  | Syed Razwan Ahmed             |  |                                                     |   |                 |  | Term loan    |  | 05/25/10    |  | 05/25/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.25  | % |          | $ | 0 |           |  | $ | 28  |  |  | $ | 23 |  |  | $ | 25 | 
|                       |  | Rigoberto Farciert/Mbank      |  |                                                     |   |                 |  | Term loan    |  | 04/08/10    |  | 04/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25  | % |          | $ | 0 |           |  | $ | 24  |  |  | $ | 24 |  |  | $ | 24 | 
|                       |  | Opera Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Kesef Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Ronen Taxi Inc                |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Mry Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 12/23/10    |  | 12/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 4.88  | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Saba Moshe Taxi Inc           |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Mtr Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Maya Taxi Inc                 |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | M&J Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Neomi & Z Taxi Inc            |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 422 |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Piper Cab Corp                |  |                                                     |   |                 |  | Term loan    |  | 10/23/02    |  | 01/10/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00  | % |          | $ | 0 |           |  |   |     |  |  | $ | 23 |  |  | $ | 23 | 
|                       |  | Syed M Nuruzzaman/Mfun        |  |                                                     |   |                 |  | Term loan    |  | 08/18/10    |  | 08/18/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.11  | % |          | $ | 0 |           |  | $ | 25  |  |  | $ | 25 |  |  | $ | 23 | 
|                       |  | Malik G Sabir/Mbank           |  |                                                     |   |                 |  | Term loan    |  | 10/08/10    |  | 10/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 23  |  |  | $ | 23 |  |  | $ | 23 | 
|                       |  | Julio Farfan                  |  |                                                     |   |                 |  | Term loan    |  | 08/06/09    |  | 08/06/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.88  | % |          | $ | 0 |           |  |   |     |  |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Frantz Louhis & Joseph Paul   |  |                                                     |   |                 |  | Term loan    |  | 08/11/08    |  | 08/11/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50  | % |          | $ | 0 |           |  |   |     |  |  | $ | 22 |  |  | $ | 23 | 
|                       |  | Dominique Ismael              |  |                                                     |   |                 |  | Term loan    |  | 11/15/10    |  | 11/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.50  | % |          | $ | 0 |           |  | $ | 395 |  |  | $ | 20 |  |  | $ | 22 | 
|                       |  | Rs Hacking Corp/Mbank         |  |                                                     |   |                 |  | Term loan    |  | 11/10/09    |  | 07/10/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.69  | % |          | $ | 0 |           |  |   |     |  |  | $ | 24 |  |  | $ | 22 | 
|                       |  | Y Joey Taxi Inc               |  |                                                     |   |                 |  | Term loan    |  | 06/29/10    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 400 |  |  | $ | 20 |  |  | $ | 22 | 
|                       |  | Tyme Cab Corp                 |  |                                                     |   |                 |  | Term loan    |  | 04/04/06    |  | 04/15/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.25  | % |          | $ | 0 |           |  |   |     |  |  | $ | 22 |  |  | $ | 22 | 
|                       |  | Ruckman Hacking Corp          |  |                                                     |   |                 |  | Term loan    |  | 08/02/10    |  | 08/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 389 |  |  | $ | 19 |  |  | $ | 21 | 
|                       |  | Geraldine Hacking Co          |  |                                                     |   |                 |  | Term loan    |  | 08/02/10    |  | 08/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 5.00  | % |          | $ | 0 |           |  | $ | 388 |  |  | $ | 19 |  |  | $ | 21 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                     |  |                 |  |              |  |             |  |  |               |  |  |                  |   |  |                     |  |       |                                    |  |   |          |  |  |           |    |  |  |   |    |  |  |   |    | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- |  | --------------- |  | ------------ |  | ----------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ----- | ---------------------------------- |  | - | -------- |  |  | --------- | -- |  |  | - | -- |  |  | - | -- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |       | OriginalCost of2010Acquisitions(5) |  |   | Cost (4) |  |  | FairValue |   
|                       |  | Symbi Enterprises Inc/Mbank    |  |                                                     |  | Term loan       |  | 12/28/09     |  | 12/28/12    |  |  | 1             |  |  |                  | * |  |                     |  | 6.19  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 23 |  |  | $ | 21 | 
|                       |  | Albert A Agyemang              |  |                                                     |  | Term loan       |  | 08/25/09     |  | 08/25/12    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 21 |  |  | $ | 21 | 
|                       |  | Marcelino Hervias              |  |                                                     |  | Term loan       |  | 08/21/09     |  | 09/15/12    |  |  | 1             |  |  |                  | * |  |                     |  | 5.75  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 21 |  |  | $ | 21 | 
|                       |  | Balvir Chauhan / Note 2 Of 2   |  |                                                     |  | Term loan       |  | 06/14/10     |  | 06/14/13    |  |  | 1             |  |  |                  | * |  |                     |  | 5.50  | %                                  |  | $ | 0        |  |  | $         | 19 |  |  | $ | 19 |  |  | $ | 20 | 
|                       |  | Mohammed Khan                  |  |                                                     |  | Term loan       |  | 08/06/09     |  | 08/06/12    |  |  | 1             |  |  |                  | * |  |                     |  | 5.75  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 20 |  |  | $ | 20 | 
|                       |  | Redouan Laghiti/Mbnk           |  |                                                     |  | Term loan       |  | 12/05/08     |  | 12/05/11    |  |  | 1             |  |  |                  | * |  |                     |  | 7.12  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 20 |  |  | $ | 20 | 
|                       |  | Alexander A Malamud            |  |                                                     |  | Term loan       |  | 03/31/08     |  | 04/01/11    |  |  | 1             |  |  |                  | * |  |                     |  | 5.50  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 20 |  |  | $ | 20 | 
|                       |  | Jorge J Nisthauz               |  |                                                     |  | Term loan       |  | 11/05/08     |  | 11/05/13    |  |  | 1             |  |  |                  | * |  |                     |  | 8.50  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 20 |  |  | $ | 19 | 
|                       |  | Seide Venord/Mbank             |  |                                                     |  | Term loan       |  | 04/23/10     |  | 04/23/13    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  | $         | 19 |  |  | $ | 19 |  |  | $ | 19 | 
|                       |  | Channels Cab Corp              |  |                                                     |  | Term loan       |  | 03/01/07     |  | 02/01/11    |  |  | 1             |  |  |                  | * |  |                     |  | 6.75  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 19 |  |  | $ | 19 | 
|                       |  | Harpal S Bhola & Sukhdev Singh |  |                                                     |  | Term loan       |  | 07/24/09     |  | 07/23/12    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 18 |  |  | $ | 19 | 
|                       |  | Juan Mendoza & Medora Moreira  |  |                                                     |  | Term loan       |  | 04/24/07     |  | 03/13/11    |  |  | 1             |  |  |                  | * |  |                     |  | 6.50  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 18 |  |  | $ | 18 | 
|                       |  | N&B Taxi Inc                   |  |                                                     |  | Term loan       |  | 01/23/04     |  | 06/23/11    |  |  | 1             |  |  |                  | * |  |                     |  | 5.40  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 18 |  |  | $ | 18 | 
|                       |  | Bernard Laguerre/Mbank         |  |                                                     |  | Term loan       |  | 12/02/10     |  | 12/02/13    |  |  | 1             |  |  |                  | * |  |                     |  | 9.75  | %                                  |  | $ | 0        |  |  | $         | 18 |  |  | $ | 18 |  |  | $ | 18 | 
|                       |  | West Express Cab Corp/Nt 2/Mbk |  |                                                     |  | Term loan       |  | 03/19/10     |  | 07/16/13    |  |  | 1             |  |  |                  | * |  |                     |  | 5.79  | %                                  |  | $ | 0        |  |  | $         | 21 |  |  | $ | 20 |  |  | $ | 18 | 
|                       |  | Pierre Dupervil/Mbank          |  |                                                     |  | Term loan       |  | 04/09/10     |  | 04/09/13    |  |  | 1             |  |  |                  | * |  |                     |  | 7.74  | %                                  |  | $ | 0        |  |  | $         | 23 |  |  | $ | 22 |  |  | $ | 18 | 
|                       |  | Brent Cab Corp                 |  |                                                     |  | Term loan       |  | 07/02/09     |  | 07/02/14    |  |  | 1             |  |  |                  | * |  |                     |  | 4.80  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 17 |  |  | $ | 17 | 
|                       |  | Ricky Cab Corp                 |  |                                                     |  | Term loan       |  | 07/02/09     |  | 07/02/14    |  |  | 1             |  |  |                  | * |  |                     |  | 4.80  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 17 |  |  | $ | 17 | 
|                       |  | Caddie Service Co I            |  |                                                     |  | Term loan       |  | 07/02/09     |  | 07/02/14    |  |  | 1             |  |  |                  | * |  |                     |  | 4.80  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 17 |  |  | $ | 17 | 
|                       |  | King Ralph Taxi Corp           |  |                                                     |  | Term loan       |  | 07/02/09     |  | 07/02/14    |  |  | 1             |  |  |                  | * |  |                     |  | 4.80  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 17 |  |  | $ | 17 | 
|                       |  | Anwar Khalifa/Mbank            |  |                                                     |  | Term loan       |  | 04/01/10     |  | 04/01/13    |  |  | 1             |  |  |                  | * |  |                     |  | 7.82  | %                                  |  | $ | 0        |  |  | $         | 20 |  |  | $ | 20 |  |  | $ | 17 | 
|                       |  | Doreen Express Cab Corp/Mbank  |  |                                                     |  | Term loan       |  | 03/22/10     |  | 03/22/20    |  |  | 1             |  |  |                  | * |  |                     |  | 5.75  | %                                  |  | $ | 0        |  |  | $         | 19 |  |  | $ | 18 |  |  | $ | 16 | 
|                       |  | Eliot Saffir/Mbank             |  |                                                     |  | Term loan       |  | 04/23/10     |  | 04/23/13    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  | $         | 18 |  |  | $ | 17 |  |  | $ | 16 | 
|                       |  | Serge Albert & W. Antenor/Mbnk |  |                                                     |  | Term loan       |  | 05/26/10     |  | 05/26/15    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  | $         | 18 |  |  | $ | 17 |  |  | $ | 16 | 
|                       |  | Raj Vardhan                    |  |                                                     |  | Term loan       |  | 03/27/06     |  | 03/06/12    |  |  | 1             |  |  |                  | * |  |                     |  | 6.25  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 16 |  |  | $ | 16 | 
|                       |  | Bute Taxi Corp                 |  |                                                     |  | Term loan       |  | 10/23/02     |  | 01/10/12    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 15 |  |  | $ | 15 | 
|                       |  | Shir Express Cab Cor           |  |                                                     |  | Term loan       |  | 10/23/02     |  | 01/10/12    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 15 |  |  | $ | 15 | 
|                       |  | Jean M Venord/Mbank            |  |                                                     |  | Term loan       |  | 02/11/10     |  | 02/10/13    |  |  | 1             |  |  |                  | * |  |                     |  | 6.13  | %                                  |  | $ | 0        |  |  | $         | 16 |  |  | $ | 16 |  |  | $ | 15 | 
|                       |  | Gurnam Singh/Mbank             |  |                                                     |  | Term loan       |  | 08/23/10     |  | 08/23/13    |  |  | 1             |  |  |                  | * |  |                     |  | 8.87  | %                                  |  | $ | 0        |  |  | $         | 14 |  |  | $ | 14 |  |  | $ | 14 | 
|                       |  | Philip Frabosilo               |  |                                                     |  | Term loan       |  | 04/29/08     |  | 04/29/11    |  |  | 1             |  |  |                  | * |  |                     |  | 6.75  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 13 |  |  | $ | 13 | 
|                       |  | Wagon Service Corp             |  |                                                     |  | Term loan       |  | 05/14/10     |  | 05/14/13    |  |  | 1             |  |  |                  | * |  |                     |  | 6.50  | %                                  |  | $ | 0        |  |  | $         | 15 |  |  | $ | 12 |  |  | $ | 13 | 
|                       |  | M & A Transit Inc/Mbnk         |  |                                                     |  | Term loan       |  | 05/21/10     |  | 11/18/14    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  | $         | 16 |  |  | $ | 15 |  |  | $ | 13 | 
|                       |  | Melfort Transit Inc/Mfun       |  |                                                     |  | Term loan       |  | 05/21/10     |  | 11/18/14    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  | $         | 15 |  |  | $ | 15 |  |  | $ | 13 | 
|                       |  | Maricourt Transit Inc/Mfun     |  |                                                     |  | Term loan       |  | 05/21/10     |  | 11/18/14    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  | $         | 15 |  |  | $ | 15 |  |  | $ | 13 | 
|                       |  | Adam Vlahakis/Mbank            |  |                                                     |  | Term loan       |  | 10/23/09     |  | 10/23/12    |  |  | 1             |  |  |                  | * |  |                     |  | 7.78  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 13 |  |  | $ | 13 | 
|                       |  | Nobert Auguste                 |  |                                                     |  | Term loan       |  | 10/28/10     |  | 10/28/13    |  |  | 1             |  |  |                  | * |  |                     |  | 14.00 | %                                  |  | $ | 0        |  |  | $         | 14 |  |  | $ | 12 |  |  | $ | 12 | 
|                       |  | Zhi Li Peng &                  |  |                                                     |  | Term loan       |  | 09/11/09     |  | 09/11/13    |  |  | 1             |  |  |                  | * |  |                     |  | 7.00  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 12 |  |  | $ | 12 | 
|                       |  | Wilfrid Barreau                |  |                                                     |  | Term loan       |  | 12/29/09     |  | 12/29/12    |  |  | 1             |  |  |                  | * |  |                     |  | 6.50  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 10 |  |  | $ | 11 | 
|                       |  | Humyoun Kabir/Mbank            |  |                                                     |  | Term loan       |  | 08/18/10     |  | 08/16/13    |  |  | 1             |  |  |                  | * |  |                     |  | 6.17  | %                                  |  | $ | 0        |  |  | $         | 14 |  |  | $ | 14 |  |  | $ | 10 | 
|                       |  | Satnam Singh/Mbank             |  |                                                     |  | Term loan       |  | 06/16/05     |  | 03/14/11    |  |  | 1             |  |  |                  | * |  |                     |  | 7.23  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 9  |  |  | $ | 9  | 
|                       |  | Redouan Laghiti                |  |                                                     |  | Term loan       |  | 04/14/09     |  | 10/14/11    |  |  | 1             |  |  |                  | * |  |                     |  | 7.00  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 8  |  |  | $ | 9  | 
|                       |  | Jamcie Service Co Inc/Mbank    |  |                                                     |  | Term loan       |  | 06/29/09     |  | 07/16/13    |  |  | 1             |  |  |                  | * |  |                     |  | 5.35  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 6  |  |  | $ | 6  | 
|                       |  | West Express Cab Corp/Nt 1/Mbk |  |                                                     |  | Term loan       |  | 03/19/10     |  | 07/16/13    |  |  | 1             |  |  |                  | * |  |                     |  | 5.50  | %                                  |  | $ | 0        |  |  | $         | 7  |  |  | $ | 6  |  |  | $ | 6  | 
|                       |  | Clavel E Thompson              |  |                                                     |  | Term loan       |  | 09/18/03     |  | 09/20/11    |  |  | 1             |  |  |                  | * |  |                     |  | 6.50  | %                                  |  | $ | 0        |  |  |           |    |  |  | $ | 6  |  |  | $ | 6  | 
|                       |  | Claude Michael Lessage/Mbank   |  |                                                     |  | Term loan       |  | 01/22/10     |  | 01/22/12    |  |  | 1             |  |  |                  | * |  |                     |  | 9.00  | %                                  |  | $ | 0        |  |  | $         | 8  |  |  | $ | 8  |  |  | $ | 5  | 
|                       |  | Joubert Toussaint              |  |                                                     |  | Term loan       |  | 11/12/10     |  | 11/12/15    |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                  |  | $ | 0        |  |  | $         | 5  |  |  | $ | 5  |  |  | $ | 5  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |     |                  |  |  |                     |   |  |                                    |      |   |          |   |   |           |  |   |        |  |  |   |        |  |  |   |        | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | --- | ---------------- |  |  | ------------------- | - |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |     | InterestRate (1) |  |  | CapitalizedInterest |   |  | OriginalCost of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Rigani Trans Inc               |  |                                                     | # | #               |  | Term loan    |  | 01/25/00    |  | 04/25/11 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.50 | % |          | $ | 0 |           |  |   |        |  |  | $ | 5      |  |  | $ | 5      | 
|                       |  | Amarjit Sangera/Mbank          |  |                                                     |   |                 |  | Term loan    |  | 05/26/06    |  | 04/28/15 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.39 | % |          | $ | 0 |           |  |   |        |  |  | $ | 5      |  |  | $ | 5      | 
|                       |  | Two Filoi Taxi Inc             |  |                                                     |   |                 |  | Term loan    |  | 01/15/04    |  | 01/15/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.75 | % |          | $ | 0 |           |  |   |        |  |  | $ | 5      |  |  | $ | 5      | 
|                       |  | Avalanche Hckng Corp/Note 2/Mb |  |                                                     |   |                 |  | Term loan    |  | 06/29/09    |  | 07/16/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 5.84 | % |          | $ | 0 |           |  |   |        |  |  | $ | 6      |  |  | $ | 5      | 
|                       |  | Jorge R Sahad/Mbank            |  |                                                     |   |                 |  | Term loan    |  | 04/27/10    |  | 04/27/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 8.34 | % |          | $ | 0 |           |  | $ | 5      |  |  | $ | 5      |  |  | $ | 4      | 
|                       |  | Gurpal Singh                   |  |                                                     |   |                 |  | Term loan    |  | 02/26/04    |  | 12/06/11 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |        |  |  | $ | 2      |  |  | $ | 2      | 
|                       |  | Hawk Service Corp              |  |                                                     |   |                 |  | Term loan    |  | 02/27/08    |  | 02/25/11 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  |   |        |  |  | $ | 0      |  |  | $ | 0      | 
|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |         
|Chicago                |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  | 151 |                  |  |  | 21                  | % |  |                                    | 6.69 | % |          | $ | 0 |           |  | $ | 20,271 |  |  | $ | 34,832 |  |  | $ | 34,986 | 
|                       |  | Chicago Seven Inc              |  |                                                     | # | #               |  | Term loan    |  | 09/10/09    |  | 09/10/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 6.63 | % |          | $ | 0 |           |  |   |        |  |  | $ | 2,408  |  |  | $ | 2,408  | 
|                       |  | Cozy Cab Co, Et Al             |  |                                                     | # | #               |  | Term loan    |  | 09/09/08    |  | 09/24/12 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 7.88 | % |          | $ | 0 |           |  |   |        |  |  | $ | 2,056  |  |  | $ | 2,057  | 
|                       |  | Chicago Medallion Four Llc     |  |                                                     | # | #               |  | Term loan    |  | 11/23/09    |  | 11/23/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |        |  |  | $ | 913    |  |  | $ | 913    | 
|                       |  | Chicago Medallion Three Llc    |  |                                                     | # | #               |  | Term loan    |  | 03/24/10    |  | 03/24/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 933    |  |  | $ | 906    |  |  | $ | 907    | 
|                       |  | Chicago Medallion Two Llc      |  |                                                     | # | #               |  | Term loan    |  | 02/16/10    |  | 02/16/14 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 934    |  |  | $ | 903    |  |  | $ | 905    | 
|                       |  | Chicago Medallion One Llc      |  |                                                     |   |                 |  | Term loan    |  | 11/23/09    |  | 11/23/13 |               |  | 1   |                  |  |  | 1                   | % |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |        |  |  | $ | 835    |  |  | $ | 836    | 
|                       |  | Chicago Medallion Nine Llc     |  |                                                     | # | #               |  | Term loan    |  | 05/19/10    |  | 05/19/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 789    |  |  | $ | 767    |  |  | $ | 769    | 
|                       |  | Johns Cabs Corp                |  |                                                     | # | #               |  | Term loan    |  | 03/04/10    |  | 03/04/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.63 | % |          | $ | 0 |           |  | $ | 700    |  |  | $ | 692    |  |  | $ | 694    | 
|                       |  | Any Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 11/09/10    |  | 11/09/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 690    |  |  | $ | 689    |  |  | $ | 691    | 
|                       |  | Peach Capital & Chadwick Capit |  |                                                     | # | #               |  | Term loan    |  | 11/09/10    |  | 11/09/14 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.60 | % |          | $ | 0 |           |  | $ | 667    |  |  | $ | 665    |  |  | $ | 666    | 
|                       |  | N And M Valdof Hacking Corp    |  |                                                     | # | #               |  | Term loan    |  | 03/29/10    |  | 03/29/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.63 | % |          | $ | 0 |           |  | $ | 600    |  |  | $ | 594    |  |  | $ | 595    | 
|                       |  | Lucky Seven Chicago One Inc    |  |                                                     | # | #               |  | Term loan    |  | 09/10/09    |  | 09/10/12 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.63 | % |          | $ | 0 |           |  |   |        |  |  | $ | 578    |  |  | $ | 578    | 
|                       |  | Blue Eyes Cab Corp             |  |                                                     | # | #               |  | Term loan    |  | 09/10/09    |  | 09/10/12 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.63 | % |          | $ | 0 |           |  |   |        |  |  | $ | 578    |  |  | $ | 578    | 
|                       |  | Hudson Cab Corp                |  |                                                     | # | #               |  | Term loan    |  | 09/13/10    |  | 09/13/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 486    |  |  | $ | 484    |  |  | $ | 486    | 
|                       |  | M&N 5th Avenue Hacking Corp    |  |                                                     |   |                 |  | Term loan    |  | 08/30/10    |  | 08/30/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.63 | % |          | $ | 0 |           |  | $ | 480    |  |  | $ | 478    |  |  | $ | 480    | 
|                       |  | Santorini Two Cab Corp         |  |                                                     | # | #               |  | Term loan    |  | 11/11/10    |  | 11/11/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 460    |  |  | $ | 460    |  |  | $ | 462    | 
|                       |  | Tribeca Three Cab Corp         |  |                                                     | # | #               |  | Term loan    |  | 11/11/10    |  | 11/11/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 460    |  |  | $ | 460    |  |  | $ | 462    | 
|                       |  | Santorini Six Cab Corp         |  |                                                     | # | #               |  | Term loan    |  | 11/11/10    |  | 11/11/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 460    |  |  | $ | 460    |  |  | $ | 462    | 
|                       |  | Deka Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 11/09/10    |  | 11/09/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 460    |  |  | $ | 459    |  |  | $ | 461    | 
|                       |  | Oia Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 11/09/10    |  | 11/09/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 460    |  |  | $ | 459    |  |  | $ | 461    | 
|                       |  | Blue Valentine Cab Corp        |  |                                                     |   |                 |  | Term loan    |  | 12/22/10    |  | 12/22/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 432    |  |  | $ | 432    |  |  | $ | 434    | 
|                       |  | Tumblin Dice Taxi Inc          |  |                                                     |   |                 |  | Term loan    |  | 12/22/10    |  | 12/22/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 432    |  |  | $ | 432    |  |  | $ | 434    | 
|                       |  | Moo Moo Cab Co                 |  |                                                     |   |                 |  | Term loan    |  | 12/27/10    |  | 12/27/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 420    |  |  | $ | 420    |  |  | $ | 422    | 
|                       |  | Harriet C Inc                  |  |                                                     |   |                 |  | Term loan    |  | 11/17/10    |  | 11/17/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 420    |  |  | $ | 420    |  |  | $ | 421    | 
|                       |  | Ave Twenty-Three Inc           |  |                                                     | # | #               |  | Term loan    |  | 04/30/08    |  | 04/25/11 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.95 | % |          | $ | 0 |           |  |   |        |  |  | $ | 380    |  |  | $ | 380    | 
|                       |  | Ave Twenty-Four Inc            |  |                                                     | # | #               |  | Term loan    |  | 04/30/08    |  | 04/25/11 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.95 | % |          | $ | 0 |           |  |   |        |  |  | $ | 380    |  |  | $ | 380    | 
|                       |  | Ave Twenty-Five Inc            |  |                                                     | # | #               |  | Term loan    |  | 04/30/08    |  | 04/25/11 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.95 | % |          | $ | 0 |           |  |   |        |  |  | $ | 380    |  |  | $ | 380    | 
|                       |  | 6920 Cab Co                    |  |                                                     | # | #               |  | Term loan    |  | 12/02/09    |  | 12/02/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.90 | % |          | $ | 0 |           |  |   |        |  |  | $ | 367    |  |  | $ | 367    | 
|                       |  | Deka Three Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 09/13/10    |  | 09/13/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 359    |  |  | $ | 358    |  |  | $ | 360    | 
|                       |  | Daniel And Monique Cab Corp.   |  |                                                     | # | #               |  | Term loan    |  | 08/08/08    |  | 07/24/11 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.63 | % |          | $ | 0 |           |  |   |        |  |  | $ | 346    |  |  | $ | 346    | 
|                       |  | Chicago Medallion Seven Llc    |  |                                                     | # | #               |  | Term loan    |  | 04/29/05    |  | 05/05/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 7.00 | % |          | $ | 0 |           |  |   |        |  |  | $ | 301    |  |  | $ | 301    | 
|                       |  | American Buffalo Cab Corp      |  |                                                     |   |                 |  | Term loan    |  | 12/22/10    |  | 12/22/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 288    |  |  | $ | 288    |  |  | $ | 290    | 
|                       |  | Deka Two Cab Corp              |  |                                                     |   |                 |  | Term loan    |  | 11/29/10    |  | 11/29/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 286    |  |  | $ | 286    |  |  | $ | 288    | 
|                       |  | Marbella Taxi Llc              |  |                                                     | # | #               |  | Term loan    |  | 11/04/10    |  | 11/04/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 276    |  |  | $ | 276    |  |  | $ | 278    | 
|                       |  | Newcastle Taxi Llc             |  |                                                     | # | #               |  | Term loan    |  | 12/01/10    |  | 12/01/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 276    |  |  | $ | 276    |  |  | $ | 278    | 
|                       |  | Illinois Taxi Llc              |  |                                                     | # | #               |  | Term loan    |  | 11/09/10    |  | 11/09/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 276    |  |  | $ | 276    |  |  | $ | 277    | 
|                       |  | Liverpool Taxi Llc             |  |                                                     |   |                 |  | Term loan    |  | 10/22/10    |  | 10/22/13 |               |  | 1   |                  |  |  | *                   |   |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 276    |  |  | $ | 276    |  |  | $ | 277    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all 
restricted unlessotherwisenoted) |   | AcquisitionDate |  | MaturityDate |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | OriginalCost of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Leeds Taxi Llc                 |  |                                                     | # | #               |  | Term loan    |  | 10/01/10    |  | 10/01/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 276 |  |  | $ | 275 |  |  | $ | 277 | 
|                       |  | Manchester Taxi Llc            |  |                                                     |   |                 |  | Term loan    |  | 12/13/10    |  | 12/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 276 |  |  | $ | 276 |  |  | $ | 276 | 
|                       |  | Lmb Taxi V Inc                 |  |                                                     | # | #               |  | Term loan    |  | 06/06/07    |  | 03/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 273 |  |  | $ | 273 | 
|                       |  | Lmb Taxi Iv Inc                |  |                                                     | # | #               |  | Term loan    |  | 06/06/07    |  | 03/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 273 |  |  | $ | 273 | 
|                       |  | Mike Nat Hacking Chicago Corp  |  |                                                     | # | #               |  | Term loan    |  | 03/05/07    |  | 03/21/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 267 |  |  | $ | 267 | 
|                       |  | Bks Hacking Chicago Corp       |  |                                                     | # | #               |  | Term loan    |  | 03/05/07    |  | 03/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 266 |  |  | $ | 266 | 
|                       |  | Fare Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 08/07/08    |  | 08/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 259 |  |  | $ | 259 | 
|                       |  | Good Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 06/25/10    |  | 06/25/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.63 | % |          | $ | 0 |           |  | $ | 250 |  |  | $ | 250 |  |  | $ | 252 | 
|                       |  | Eemahn Cab Co & Ashkahn Inc    |  |                                                     | # | #               |  | Term loan    |  | 09/20/10    |  | 09/20/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 250 |  |  | $ | 249 |  |  | $ | 250 | 
|                       |  | Lonis Two Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 02/21/07    |  | 03/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 247 |  |  | $ | 247 | 
|                       |  | Brilon One Cab Corp            |  |                                                     | # | #               |  | Term loan    |  | 02/21/07    |  | 03/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 247 |  |  | $ | 247 | 
|                       |  | Showcase Sports Management Cor |  |                                                     | # | #               |  | Term loan    |  | 01/22/10    |  | 01/22/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.95 | % |          | $ | 0 |           |  | $ | 250 |  |  | $ | 244 |  |  | $ | 245 | 
|                       |  | Sweetgrass Capital Corp        |  |                                                     | # | #               |  | Term loan    |  | 11/09/10    |  | 11/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.60 | % |          | $ | 0 |           |  | $ | 222 |  |  | $ | 221 |  |  | $ | 224 | 
|                       |  | Achakus Inc                    |  |                                                     |   |                 |  | Term loan    |  | 12/01/10    |  | 12/01/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 214 |  |  | $ | 214 |  |  | $ | 216 | 
|                       |  | Chicago Jacal Hacking Ii Corp  |  |                                                     | # | #               |  | Term loan    |  | 02/06/09    |  | 01/13/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 214 |  |  | $ | 214 | 
|                       |  | City Taxi Inc                  |  |                                                     |   |                 |  | Term loan    |  | 03/26/09    |  | 02/13/12 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.63 | % |          | $ | 0 |           |  |   |     |  |  | $ | 194 |  |  | $ | 194 | 
|                       |  | Kiki Cab Corp                  |  |                                                     | # | #               |  | Term loan    |  | 10/24/08    |  | 10/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 193 |  |  | $ | 193 | 
|                       |  | Ave Twenty-Six Inc             |  |                                                     | # | #               |  | Term loan    |  | 04/30/08    |  | 04/25/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.95 | % |          | $ | 0 |           |  |   |     |  |  | $ | 190 |  |  | $ | 190 | 
|                       |  | Jsp Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 08/07/08    |  | 08/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 173 |  |  | $ | 173 | 
|                       |  | Mjm Cab Corp                   |  |                                                     | # | #               |  | Term loan    |  | 08/07/08    |  | 08/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 173 |  |  | $ | 173 | 
|                       |  | Silky Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 08/07/08    |  | 08/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 173 |  |  | $ | 173 | 
|                       |  | Andrew And Audrey Cab Corp     |  |                                                     | # | #               |  | Term loan    |  | 08/07/08    |  | 08/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 173 |  |  | $ | 173 | 
|                       |  | Jamma Cab Corp                 |  |                                                     | # | #               |  | Term loan    |  | 08/07/08    |  | 08/07/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 173 |  |  | $ | 173 | 
|                       |  | Zeyrefda Inc                   |  |                                                     |   |                 |  | Term loan    |  | 11/15/10    |  | 11/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 145 |  |  | $ | 145 |  |  | $ | 147 | 
|                       |  | Little Wing Cab Corp           |  |                                                     |   |                 |  | Term loan    |  | 12/22/10    |  | 12/22/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.00 | % |          | $ | 0 |           |  | $ | 144 |  |  | $ | 144 |  |  | $ | 146 | 
|                       |  | Alex Z Cab Corp                |  |                                                     |   |                 |  | Term loan    |  | 11/10/10    |  | 11/10/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 140 |  |  | $ | 139 |  |  | $ | 141 | 
|                       |  | Glendale Taxi Llc              |  |                                                     |   |                 |  | Term loan    |  | 12/02/10    |  | 12/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 138 |  |  | $ | 138 |  |  | $ | 140 | 
|                       |  | Annabelle Cab Corporation      |  |                                                     | # | #               |  | Term loan    |  | 12/29/10    |  | 12/29/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 138 |  |  | $ | 138 |  |  | $ | 140 | 
|                       |  | Malaga Taxi Llc                |  |                                                     |   |                 |  | Term loan    |  | 11/02/10    |  | 11/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 138 |  |  | $ | 138 |  |  | $ | 139 | 
|                       |  | Michael Two Cab Corp           |  |                                                     | # | #               |  | Term loan    |  | 04/14/04    |  | 03/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 139 |  |  | $ | 139 | 
|                       |  | Lyon Taxi Llc                  |  |                                                     |   |                 |  | Term loan    |  | 08/13/10    |  | 08/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 138 |  |  | $ | 135 |  |  | $ | 136 | 
|                       |  | Tad Taxi Co                    |  |                                                     |   |                 |  | Term loan    |  | 11/10/10    |  | 11/10/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 135 |  |  | $ | 134 |  |  | $ | 136 | 
|                       |  | Alem B Cab Inc                 |  |                                                     |   |                 |  | Term loan    |  | 12/09/10    |  | 12/09/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 133 |  |  | $ | 133 |  |  | $ | 135 | 
|                       |  | Tekezze Inc                    |  |                                                     | # | #               |  | Term loan    |  | 09/29/10    |  | 09/29/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 134 |  |  | $ | 133 |  |  | $ | 135 | 
|                       |  | Ibex Cab Corp                  |  |                                                     |   |                 |  | Term loan    |  | 11/12/10    |  | 11/12/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 132 |  |  | $ | 132 |  |  | $ | 134 | 
|                       |  | Alexandra School Cor           |  |                                                     | # | #               |  | Term loan    |  | 06/15/10    |  | 06/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.00 | % |          | $ | 0 |           |  | $ | 129 |  |  | $ | 126 |  |  | $ | 133 | 
|                       |  | Asmara Inc                     |  |                                                     |   |                 |  | Term loan    |  | 07/21/10    |  | 07/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.88 | % |          | $ | 0 |           |  | $ | 137 |  |  | $ | 131 |  |  | $ | 133 | 
|                       |  | Musanour Cab Inc               |  |                                                     |   |                 |  | Term loan    |  | 07/21/10    |  | 07/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 7.75 | % |          | $ | 0 |           |  | $ | 132 |  |  | $ | 130 |  |  | $ | 132 | 
|                       |  | Interwoodex Inc                |  |                                                     | # | #               |  | Term loan    |  | 11/02/10    |  | 11/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 130 |  |  | $ | 130 |  |  | $ | 131 | 
|                       |  | Yenemekoya Inc                 |  |                                                     |   |                 |  | Term loan    |  | 12/21/10    |  | 12/21/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.50 | % |          | $ | 0 |           |  | $ | 129 |  |  | $ | 129 |  |  | $ | 131 | 
|                       |  | Karbala Express Inc            |  |                                                     |   |                 |  | Term loan    |  | 08/02/10    |  | 08/02/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 8.50 | % |          | $ | 0 |           |  | $ | 131 |  |  | $ | 130 |  |  | $ | 131 | 
|                       |  | Imc Cab Corp                   |  |                                                     |   |                 |  | Term loan    |  | 08/27/10    |  | 08/27/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.63 | % |          | $ | 0 |           |  | $ | 130 |  |  | $ | 129 |  |  | $ | 131 | 
|                       |  | Bedford Cab Two Corp           |  |                                                     |   |                 |  | Term loan    |  | 07/30/10    |  | 07/30/13 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.63 | % |          | $ | 0 |           |  | $ | 130 |  |  | $ | 129 |  |  | $ | 131 | 
|                       |  | Taxi For Less Inc              |  |                                                     |   |                 |  | Term loan    |  | 07/21/10    |  | 07/21/14 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.90 | % |          | $ | 0 |           |  | $ | 130 |  |  | $ | 128 |  |  | $ | 130 | 
|                       |  | M And L Taxi Corp              |  |                                                     |   |                 |  | Term loan    |  | 07/30/10    |  | 07/30/15 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.75 | % |          | $ | 0 |           |  | $ | 130 |  |  | $ | 128 |  |  | $ | 129 | 
|                       |  | Tina Two Hacking Corp          |  |                                                     | # | #               |  | Term loan    |  | 10/24/08    |  | 10/22/11 |               |  | 1 |                  |  |  | *                   |  |  |                                    | 6.80 | % |          | $ | 0 |           |  |   |     |  |  | $ | 129 |  |  | $ | 129 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                      |   |                  |  |               |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                      |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | ---------------------------------------------------- | - | ---------------- |  | ------------- |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ------------------------------------ | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type (all restricted unlessotherwise noted) |   | Acquisition Date |  | Maturity Date |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | Original Cost 
of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Adi Express Inc                |  |                                                      |   |                  |  | Term loan     |  | 08/03/10    |  | 08/03/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  | $ | 130 |  |  | $ | 125 |  |  | $ | 127 | 
|                       |  | Kayla Hacking Corp             |  |                                                      | # | #                |  | Term loan     |  | 04/09/07    |  | 03/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 127 |  |  | $ | 127 | 
|                       |  | Delina Cab Inc                 |  |                                                      |   |                  |  | Term loan     |  | 12/21/10    |  | 12/21/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 124 |  |  | $ | 124 |  |  | $ | 127 | 
|                       |  | Kale Trans Inc                 |  |                                                      | # | #                |  | Term loan     |  | 09/23/10    |  | 09/23/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 127 |  |  | $ | 125 |  |  | $ | 126 | 
|                       |  | Jpg Cab Corp                   |  |                                                      |   |                  |  | Term loan     |  | 08/02/10    |  | 08/02/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.25 | % |          | $ | 0 |           |  | $ | 125 |  |  | $ | 124 |  |  | $ | 126 | 
|                       |  | Musanour Cab Inc               |  |                                                      |   |                  |  | Term loan     |  | 12/24/09    |  | 12/24/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 120 |  |  | $ | 121 | 
|                       |  | Nour Enterprise Inc            |  |                                                      | # | #                |  | Term loan     |  | 03/10/10    |  | 03/10/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.75 | % |          | $ | 0 |           |  | $ | 123 |  |  | $ | 119 |  |  | $ | 121 | 
|                       |  | Aniba Management & Services In |  |                                                      | # | #                |  | Term loan     |  | 12/24/09    |  | 12/24/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 120 |  |  | $ | 121 | 
|                       |  | Three Kids Corp                |  |                                                      |   |                  |  | Term loan     |  | 08/02/10    |  | 08/02/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.25 | % |          | $ | 0 |           |  | $ | 119 |  |  | $ | 118 |  |  | $ | 119 | 
|                       |  | Haile Cab Inc                  |  |                                                      | # | #                |  | Term loan     |  | 05/05/10    |  | 05/05/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  | $ | 119 |  |  | $ | 117 |  |  | $ | 118 | 
|                       |  | Deka Cab Corp                  |  |                                                      | # | #                |  | Term loan     |  | 09/13/10    |  | 09/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.00 | % |          | $ | 0 |           |  | $ | 115 |  |  | $ | 115 |  |  | $ | 117 | 
|                       |  | Oia Cab Corp                   |  |                                                      | # | #                |  | Term loan     |  | 09/13/10    |  | 09/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.00 | % |          | $ | 0 |           |  | $ | 115 |  |  | $ | 115 |  |  | $ | 117 | 
|                       |  | Alireza Ajideh                 |  |                                                      | # | #                |  | Term loan     |  | 11/25/09    |  | 11/20/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.90 | % |          | $ | 0 |           |  |   |     |  |  | $ | 116 |  |  | $ | 116 | 
|                       |  | Pireas Taxi Corp               |  |                                                      | # | #                |  | Term loan     |  | 07/20/09    |  | 07/20/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.63 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 110 | 
|                       |  | Natasha Transportation Inc     |  |                                                      |   |                  |  | Term loan     |  | 05/15/09    |  | 05/15/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 108 | 
|                       |  | Mike Taxi Corp                 |  |                                                      |   |                  |  | Term loan     |  | 03/20/09    |  | 02/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 108 | 
|                       |  | Natalia Taxi Corp              |  |                                                      |   |                  |  | Term loan     |  | 04/03/09    |  | 02/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 108 | 
|                       |  | Mike Taxi Corp                 |  |                                                      |   |                  |  | Term loan     |  | 04/03/09    |  | 02/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 108 | 
|                       |  | Sullivan Taxi Llc              |  |                                                      |   |                  |  | Term loan     |  | 06/19/09    |  | 06/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.63 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 108 | 
|                       |  | Natalia Taxi Corp              |  |                                                      |   |                  |  | Term loan     |  | 03/27/09    |  | 02/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 108 | 
|                       |  | Mike Taxi Corp                 |  |                                                      |   |                  |  | Term loan     |  | 03/27/09    |  | 02/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 108 | 
|                       |  | Mike Taxi Corp                 |  |                                                      |   |                  |  | Term loan     |  | 03/11/09    |  | 02/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 107 | 
|                       |  | Natalia Taxi Corp              |  |                                                      |   |                  |  | Term loan     |  | 04/17/09    |  | 04/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 107 | 
|                       |  | Mike Taxi Corp                 |  |                                                      |   |                  |  | Term loan     |  | 03/11/09    |  | 02/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 107 | 
|                       |  | Paik Cab Co                    |  |                                                      |   |                  |  | Term loan     |  | 05/26/10    |  | 05/26/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  | $ | 108 |  |  | $ | 106 |  |  | $ | 107 | 
|                       |  | Natalia Taxi Corp              |  |                                                      |   |                  |  | Term loan     |  | 03/02/09    |  | 02/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 107 | 
|                       |  | Chicago Jacal Hacking Corp     |  |                                                      | # | #                |  | Term loan     |  | 02/06/09    |  | 01/13/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 107 | 
|                       |  | Chicago Jacal Hacking Corp     |  |                                                      | # | #                |  | Term loan     |  | 03/11/09    |  | 01/13/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 107 |  |  | $ | 107 | 
|                       |  | Natalia Taxi Corp              |  |                                                      |   |                  |  | Term loan     |  | 03/11/09    |  | 02/19/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 106 |  |  | $ | 107 | 
|                       |  | Nakfa Corp                     |  |                                                      |   |                  |  | Term loan     |  | 07/30/10    |  | 07/30/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 100 |  |  | $ | 98  |  |  | $ | 99  | 
|                       |  | Tigray Cab Inc                 |  |                                                      |   |                  |  | Term loan     |  | 12/03/10    |  | 12/03/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 96  |  |  | $ | 96  |  |  | $ | 98  | 
|                       |  | City Taxi Inc                  |  |                                                      |   |                  |  | Term loan     |  | 04/17/09    |  | 04/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.63 | % |          | $ | 0 |           |  |   |     |  |  | $ | 97  |  |  | $ | 97  | 
|                       |  | Valasia Cab Co                 |  |                                                      |   |                  |  | Term loan     |  | 04/08/09    |  | 03/10/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.63 | % |          | $ | 0 |           |  |   |     |  |  | $ | 97  |  |  | $ | 97  | 
|                       |  | Mikhalia Cabs Nine Inc         |  |                                                      | # | #                |  | Term loan     |  | 07/01/05    |  | 03/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 95  |  |  | $ | 95  | 
|                       |  | Semhar Corp                    |  |                                                      | # | #                |  | Term loan     |  | 12/06/10    |  | 12/06/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 93  |  |  | $ | 93  |  |  | $ | 95  | 
|                       |  | Adwa Express Inc               |  |                                                      |   |                  |  | Term loan     |  | 11/24/10    |  | 11/24/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 92  |  |  | $ | 92  |  |  | $ | 94  | 
|                       |  | Osa Corp Of Chicago Inc        |  |                                                      |   |                  |  | Term loan     |  | 11/11/10    |  | 11/11/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 94  |  |  | $ | 91  |  |  | $ | 93  | 
|                       |  | Koranco Co                     |  |                                                      |   |                  |  | Term loan     |  | 12/16/10    |  | 12/16/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 87  |  |  | $ | 87  |  |  | $ | 90  | 
|                       |  | Chicago Jacal Hacking Ii Corp  |  |                                                      | # | #                |  | Term loan     |  | 03/02/05    |  | 03/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 88  |  |  | $ | 88  | 
|                       |  | Che Ju Cab Co Ii               |  |                                                      | # | #                |  | Term loan     |  | 12/22/08    |  | 12/18/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 84  |  |  | $ | 85  | 
|                       |  | New Flower Inc                 |  |                                                      |   |                  |  | Term loan     |  | 12/13/10    |  | 12/13/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 65  |  |  | $ | 65  |  |  | $ | 67  | 
|                       |  | Saleem Inc & Jeff Cab Co       |  |                                                      | # | #                |  | Term loan     |  | 10/17/08    |  | 10/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 62  |  |  | $ | 62  | 
|                       |  | Chicago Elite Cab Corp         |  |                                                      |   |                  |  | Term loan     |  | 11/27/07    |  | 05/29/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 32  |  |  | $ | 32  | 
|                       |  | Michael Two Cab Corp           |  |                                                      | # | #                |  | Term loan     |  | 08/25/06    |  | 03/23/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 32  |  |  | $ | 32  | 
|                       |  | Baby Blue Cab                  |  |                                                      |   |                  |  | Term loan     |  | 12/29/10    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  | $ | 28  |  |  | $ | 28  |  |  | $ | 28  | 
|                       |  | Deal Cab Inc                   |  |                                                      |   |                  |  | Term loan     |  | 12/29/10    |  | 10/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  | $ | 28  |  |  | $ | 28  |  |  | $ | 28  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                      |   |                  |  |               |  |             |  |          |               |  |     |                  |  |  |                     |   |  |                                      |       |   |          |   |   |           |  |   |       |  |  |   |        |  |  |   |        | 
|---------------------- |  | ------------------------------ |  | ---------------------------------------------------- | - | ---------------- |  | ------------- |  | ----------- |  | -------- | ------------- |  | --- | ---------------- |  |  | ------------------- | - |  | ------------------------------------ | ----- | - | -------- | - | - | --------- |  | - | ----- |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type (all restricted unlessotherwise noted) |   | Acquisition Date |  | Maturity Date |  | # ofInvest. |  |          | % ofNetAssets |  |     | InterestRate (1) |  |  | CapitalizedInterest |   |  | Original Cost 
of2010Acquisitions(5) |       |   | Cost (4) |   |   | FairValue | 
|                       |  | Tribeca Two Cab Corp           |  |                                                      |   |                  |  | Term loan     |  | 11/05/10    |  | 11/05/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 6.00  | % |          | $ | 0 |           |  | $ | 460   |  |  | $ | 23     |  |  | $ | 25     | 
|                       |  | Santorini Four Cab Corp        |  |                                                      |   |                  |  | Term loan     |  | 11/05/10    |  | 11/05/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 6.00  | % |          | $ | 0 |           |  | $ | 460   |  |  | $ | 23     |  |  | $ | 25     | 
|                       |  | Santorini Five Cab Corp        |  |                                                      |   |                  |  | Term loan     |  | 11/05/10    |  | 11/05/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 6.00  | % |          | $ | 0 |           |  | $ | 460   |  |  | $ | 23     |  |  | $ | 25     | 
|                       |  | Patriot Trans Inc              |  |                                                      |   |                  |  | Term loan     |  | 04/01/09    |  | 09/30/11 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.25  | % |          | $ | 0 |           |  |   |       |  |  | $ | 24     |  |  | $ | 24     | 
|                       |  | C&J Trans Inc                  |  |                                                      |   |                  |  | Term loan     |  | 03/03/10    |  | 09/03/12 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.00  | % |          | $ | 0 |           |  | $ | 29    |  |  | $ | 20     |  |  | $ | 22     | 
|                       |  | Moses J Frank                  |  |                                                      | # | #                |  | Term loan     |  | 08/19/08    |  | 08/15/12 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.00  | % |          | $ | 0 |           |  |   |       |  |  | $ | 19     |  |  | $ | 19     | 
|                       |  | Eemahn Cab Co & Ashkahn Inc    |  |                                                      |   |                  |  | Term loan     |  | 09/20/10    |  | 09/20/15 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 6.75  | % |          | $ | 0 |           |  | $ | 20    |  |  | $ | 19     |  |  | $ | 19     | 
|                       |  | Chicago Elite Cab Corp         |  |                                                      |   |                  |  | Term loan     |  | 02/01/08    |  | 07/09/11 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.25  | % |          | $ | 0 |           |  |   |       |  |  | $ | 16     |  |  | $ | 16     | 
|                       |  | Midnight Moonlight             |  |                                                      |   |                  |  | Term loan     |  | 12/28/10    |  | 10/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.50  | % |          | $ | 0 |           |  | $ | 14    |  |  | $ | 14     |  |  | $ | 14     | 
|                       |  | Mongolia Taxi Llc/Mbank        |  |                                                      |   |                  |  | Term loan     |  | 12/23/10    |  | 12/23/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 9.00  | % |          | $ | 0 |           |  | $ | 14    |  |  | $ | 14     |  |  | $ | 14     | 
|                       |  | Eri Trans Inc/Mbank            |  |                                                      |   |                  |  | Term loan     |  | 12/01/10    |  | 12/01/15 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 10.30 | % |          | $ | 0 |           |  | $ | 13    |  |  | $ | 13     |  |  | $ | 13     | 
|                       |  | Okies Cab Corp/Mbank           |  |                                                      |   |                  |  | Term loan     |  | 11/23/10    |  | 11/23/15 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 10.10 | % |          | $ | 0 |           |  | $ | 13    |  |  | $ | 13     |  |  | $ | 13     | 
|                       |  | Good Cab Corp/Mbank            |  |                                                      |   |                  |  | Term loan     |  | 12/10/10    |  | 12/10/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 10.00 | % |          | $ | 0 |           |  | $ | 7     |  |  | $ | 7      |  |  | $ | 7      | 
|                       |  | Chris Ibeh Inc-Loan #1         |  |                                                      | # | #                |  | Term loan     |  | 08/08/06    |  | 07/11/11 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 9.95  | % |          | $ | 0 |           |  |   |       |  |  | $ | 7      |  |  | $ | 7      | 
|                       |  | Chicago Elite Cab Corp         |  |                                                      |   |                  |  | Term loan     |  | 11/27/07    |  | 05/08/11 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.25  | % |          | $ | 0 |           |  |   |       |  |  | $ | 7      |  |  | $ | 7      | 
|                       |  | Saimon Trans Inc/Mbank         |  |                                                      |   |                  |  | Term loan     |  | 12/01/10    |  | 12/01/15 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 10.30 | % |          | $ | 0 |           |  | $ | 7     |  |  | $ | 7      |  |  | $ | 7      | 
|                       |  | Mai-Nefhi Trans Inc/Mbank      |  |                                                      |   |                  |  | Term loan     |  | 12/16/10    |  | 12/16/15 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.75  | % |          | $ | 0 |           |  | $ | 6     |  |  | $ | 6      |  |  | $ | 6      | 
|                       |  | Imran & Anwer Corp             |  |                                                      |   |                  |  | Term loan     |  | 08/06/99    |  | 07/01/11 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.00  | % |          | $ | 0 |           |  |   |       |  |  | $ | 5      |  |  | $ | 5      | 
|                       |  | F&L Cab Co                     |  |                                                      | # | #                |  | Term loan     |  | 11/13/03    |  | 11/03/11 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.35  | % |          | $ | 0 |           |  |   |       |  |  | $ | 4      |  |  | $ | 4      | 
|                       |  | Teemu Corporation              |  |                                                      | # | #                |  | Term loan     |  | 05/22/06    |  | 03/16/11 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 9.00  | % |          | $ | 0 |           |  |   |       |  |  | $ | 4      |  |  | $ | 4      | 
|                       |  | Golden Roadrunner Taxi Inc.    |  |                                                      | # | #                |  | Term loan     |  | 04/10/07    |  | 03/27/11 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.25  | % |          | $ | 0 |           |  |   |       |  |  | $ | 1      |  |  | $ | 1      | 
|                       |  | Chris Ibeh Inc-Loan #2         |  |                                                      |   |                  |  | Term loan     |  | 08/08/06    |  | 07/11/11 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 10.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 1      |  |  | $ | 1      | 
|                       |  |                                |  |                                                      |   |                  |  |               |  |             |  |         
|Newark                 |  |                                |  |                                                      |   |                  |  |               |  |             |  |          |               |  | 127 |                  |  |  | 12                  | % |  |                                      | 7.81  | % |          | $ | 0 |           |  | $ | 5,730 |  |  | $ | 19,777 |  |  | $ | 19,844 | 
|                       |  | Jet Express Llc                |  |                                                      |   |                  |  | Term loan     |  | 12/04/08    |  | 12/04/12 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.25  | % |          | $ | 0 |           |  |   |       |  |  | $ | 292    |  |  | $ | 292    | 
|                       |  | Jessica Top Corp &             |  |                                                      | # | #                |  | Term loan     |  | 02/05/09    |  | 02/05/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 264    |  |  | $ | 265    | 
|                       |  | R And B Taxi Company           |  |                                                      |   |                  |  | Term loan     |  | 01/15/10    |  | 01/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.00  | % |          | $ | 0 |           |  | $ | 266   |  |  | $ | 262    |  |  | $ | 263    | 
|                       |  | Lesly Jeanjoseph               |  |                                                      |   |                  |  | Term loan     |  | 01/09/09    |  | 01/08/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 261    |  |  | $ | 261    | 
|                       |  | Andelan Inc                    |  |                                                      |   |                  |  | Term loan     |  | 12/16/10    |  | 12/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.25  | % |          | $ | 0 |           |  | $ | 256   |  |  | $ | 256    |  |  | $ | 258    | 
|                       |  | Gesner Ulysse                  |  |                                                      |   |                  |  | Term loan     |  | 01/14/10    |  | 01/14/14 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.00  | % |          | $ | 0 |           |  | $ | 262   |  |  | $ | 258    |  |  | $ | 258    | 
|                       |  | Mido Taxi Inc                  |  |                                                      | # | #                |  | Term loan     |  | 12/04/08    |  | 12/04/12 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 256    |  |  | $ | 256    | 
|                       |  | Wilner Novaly &                |  |                                                      |   |                  |  | Term loan     |  | 08/12/10    |  | 07/22/14 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.50  | % |          | $ | 0 |           |  | $ | 250   |  |  | $ | 250    |  |  | $ | 252    | 
|                       |  | Josh & Becka Taxi Inc          |  |                                                      |   |                  |  | Term loan     |  | 01/15/10    |  | 01/15/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.25  | % |          | $ | 0 |           |  | $ | 255   |  |  | $ | 251    |  |  | $ | 252    | 
|                       |  | P.C. Taxi Corp                 |  |                                                      | # | #                |  | Term loan     |  | 10/07/10    |  | 10/07/14 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.50  | % |          | $ | 0 |           |  | $ | 250   |  |  | $ | 249    |  |  | $ | 251    | 
|                       |  | Lucrem Taxi Inc                |  |                                                      | # | #                |  | Term loan     |  | 02/04/10    |  | 02/04/14 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.50  | % |          | $ | 0 |           |  | $ | 253   |  |  | $ | 248    |  |  | $ | 250    | 
|                       |  | Romise Fils-Aime               |  |                                                      |   |                  |  | Term loan     |  | 06/10/10    |  | 06/10/14 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.50  | % |          | $ | 0 |           |  | $ | 250   |  |  | $ | 247    |  |  | $ | 249    | 
|                       |  | Manny Fresh Top Corp &         |  |                                                      |   |                  |  | Term loan     |  | 05/29/09    |  | 05/29/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.00  | % |          | $ | 0 |           |  |   |       |  |  | $ | 245    |  |  | $ | 245    | 
|                       |  | Semsema Trans Corporation      |  |                                                      |   |                  |  | Term loan     |  | 06/11/09    |  | 06/09/12 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.25  | % |          | $ | 0 |           |  |   |       |  |  | $ | 241    |  |  | $ | 242    | 
|                       |  | One At A Time Time Transport I |  |                                                      |   |                  |  | Term loan     |  | 06/10/10    |  | 06/10/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 6.00  | % |          | $ | 0 |           |  | $ | 240   |  |  | $ | 235    |  |  | $ | 237    | 
|                       |  | Lagrande Taxi Corp             |  |                                                      |   |                  |  | Term loan     |  | 12/11/09    |  | 12/03/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 235    |  |  | $ | 236    | 
|                       |  | Hg & Zg Corporation            |  |                                                      |   |                  |  | Term loan     |  | 09/17/09    |  | 09/17/12 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.25  | % |          | $ | 0 |           |  |   |       |  |  | $ | 235    |  |  | $ | 235    | 
|                       |  | Jacob Joseph                   |  |                                                      | # | #                |  | Term loan     |  | 04/02/09    |  | 04/02/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 232    |  |  | $ | 233    | 
|                       |  | Cmgv #2 Taxi Inc               |  |                                                      |   |                  |  | Term loan     |  | 09/16/10    |  | 09/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.50  | % |          | $ | 0 |           |  | $ | 230   |  |  | $ | 229    |  |  | $ | 231    | 
|                       |  | Dern #2 Taxi Inc               |  |                                                      |   |                  |  | Term loan     |  | 09/16/10    |  | 09/16/14 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.50  | % |          | $ | 0 |           |  | $ | 230   |  |  | $ | 229    |  |  | $ | 231    | 
|                       |  | Jehova Nissi Taxi Inc          |  |                                                      | # | #                |  | Term loan     |  | 02/07/08    |  | 02/08/12 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 8.25  | % |          | $ | 0 |           |  |   |       |  |  | $ | 230    |  |  | $ | 231    | 
|                       |  | Wilgens Dorielan               |  |                                                      |   |                  |  | Term loan     |  | 03/05/09    |  | 03/04/13 |               |  | 1   |                  |  |  | *                   |   |  |                                      | 7.50  | % |          | $ | 0 |           |  |   |       |  |  | $ | 231    |  |  | $ | 230    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                               |  |                                                      |   |                  |  |               |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                      |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ----------------------------- |  | ---------------------------------------------------- | - | ---------------- |  | ------------- |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ------------------------------------ | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                  |  | Security Type (all restricted unlessotherwise noted) |   | Acquisition Date |  | Maturity Date |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | Original Cost 
of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Dina Cela &                   |  |                                                      |   |                  |  | Term loan     |  | 09/03/09    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 228 |  |  | $ | 227 | 
|                       |  | Marcillino Corp               |  |                                                      | # | #                |  | Term loan     |  | 09/04/08    |  | 09/04/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 224 |  |  | $ | 224 | 
|                       |  | Joseph And Jamar Inc          |  |                                                      | # | #                |  | Term loan     |  | 10/07/10    |  | 10/07/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  | $ | 223 |  |  | $ | 222 |  |  | $ | 224 | 
|                       |  | Erick Fleuridor               |  |                                                      | # | #                |  | Term loan     |  | 08/07/08    |  | 08/07/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 222 |  |  | $ | 223 | 
|                       |  | Joileme Henry                 |  |                                                      | # | #                |  | Term loan     |  | 01/08/09    |  | 01/07/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 222 |  |  | $ | 222 | 
|                       |  | Grec Taxi Corp                |  |                                                      | # | #                |  | Term loan     |  | 01/17/08    |  | 01/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 221 |  |  | $ | 221 | 
|                       |  | Menes Lormejuste              |  |                                                      |   |                  |  | Term loan     |  | 09/03/09    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 219 |  |  | $ | 220 | 
|                       |  | Fils Julien                   |  |                                                      | # | #                |  | Term loan     |  | 09/03/09    |  | 09/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 219 |  |  | $ | 219 | 
|                       |  | Gerard Revolus                |  |                                                      |   |                  |  | Term loan     |  | 05/15/08    |  | 04/30/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 219 |  |  | $ | 219 | 
|                       |  | Salatin Taxi Corp &           |  |                                                      |   |                  |  | Term loan     |  | 05/06/10    |  | 05/06/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.25 | % |          | $ | 0 |           |  | $ | 216 |  |  | $ | 214 |  |  | $ | 215 | 
|                       |  | Luckner Etienne               |  |                                                      | # | #                |  | Term loan     |  | 02/05/09    |  | 02/13/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 214 |  |  | $ | 214 | 
|                       |  | S.J.L.T Joujean Inc           |  |                                                      |   |                  |  | Term loan     |  | 04/03/08    |  | 04/03/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 213 |  |  | $ | 213 | 
|                       |  | Alix Exavier                  |  |                                                      | # | #                |  | Term loan     |  | 04/02/09    |  | 04/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 213 |  |  | $ | 212 | 
|                       |  | Abraham Taxi #1 Corp          |  |                                                      |   |                  |  | Term loan     |  | 12/14/09    |  | 12/03/19 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  | Timax 426 Inc                 |  |                                                      |   |                  |  | Term loan     |  | 02/05/09    |  | 02/05/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 209 |  |  | $ | 209 | 
|                       |  | Carvin Taxi Inc               |  |                                                      |   |                  |  | Term loan     |  | 09/20/07    |  | 09/20/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 209 |  |  | $ | 209 | 
|                       |  | Marie Augustin                |  |                                                      |   |                  |  | Term loan     |  | 02/04/10    |  | 02/04/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  | $ | 212 |  |  | $ | 208 |  |  | $ | 209 | 
|                       |  | Levangile Milcent             |  |                                                      |   |                  |  | Term loan     |  | 12/04/08    |  | 12/11/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 205 |  |  | $ | 205 | 
|                       |  | Stany Inc                     |  |                                                      | # | #                |  | Term loan     |  | 12/06/07    |  | 12/06/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 204 |  |  | $ | 204 | 
|                       |  | Daniel Charles 2nd            |  |                                                      |   |                  |  | Term loan     |  | 12/30/09    |  | 12/30/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 202 |  |  | $ | 201 | 
|                       |  | Chell 11 Corp                 |  |                                                      |   |                  |  | Term loan     |  | 08/12/10    |  | 08/05/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.00 | % |          | $ | 0 |           |  | $ | 200 |  |  | $ | 198 |  |  | $ | 201 | 
|                       |  | Micheline Luxeus              |  |                                                      | # | #                |  | Term loan     |  | 01/08/09    |  | 01/08/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 199 |  |  | $ | 200 | 
|                       |  | Jodieu Taxi Inc &             |  |                                                      |   |                  |  | Term loan     |  | 09/17/09    |  | 09/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 198 |  |  | $ | 199 | 
|                       |  | Genesis Taxi Inc &            |  |                                                      |   |                  |  | Term loan     |  | 05/14/09    |  | 05/14/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 194 |  |  | $ | 195 | 
|                       |  | Sergo Xavier Previlon         |  |                                                      | # | #                |  | Term loan     |  | 10/15/09    |  | 10/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 193 |  |  | $ | 193 | 
|                       |  | Jet Express Llc               |  |                                                      | # | #                |  | Term loan     |  | 12/04/08    |  | 12/04/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 192 |  |  | $ | 193 | 
|                       |  | Jonas Jerome                  |  |                                                      |   |                  |  | Term loan     |  | 02/04/10    |  | 02/04/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.75 | % |          | $ | 0 |           |  | $ | 195 |  |  | $ | 192 |  |  | $ | 193 | 
|                       |  | Fremont Desire                |  |                                                      |   |                  |  | Term loan     |  | 05/15/08    |  | 05/15/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 192 |  |  | $ | 192 | 
|                       |  | Robert Pierre-Louis           |  |                                                      | # | #                |  | Term loan     |  | 04/09/10    |  | 04/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  | $ | 194 |  |  | $ | 190 |  |  | $ | 192 | 
|                       |  | Robert Pierre-Louis           |  |                                                      | # | #                |  | Term loan     |  | 04/09/10    |  | 04/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  | $ | 194 |  |  | $ | 190 |  |  | $ | 192 | 
|                       |  | Elkatt Taxi Inc               |  |                                                      | # | #                |  | Term loan     |  | 08/09/07    |  | 08/09/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 190 |  |  | $ | 190 | 
|                       |  | Attia Maverick Corp           |  |                                                      |   |                  |  | Term loan     |  | 06/14/07    |  | 06/14/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 188 |  |  | $ | 188 | 
|                       |  | Just 8 Taxi #2 Inc            |  |                                                      | # | #                |  | Term loan     |  | 09/20/07    |  | 09/20/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 186 |  |  | $ | 186 | 
|                       |  | Cassandra & Joseph Sejour Inc |  |                                                      |   |                  |  | Term loan     |  | 04/09/10    |  | 04/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.75 | % |          | $ | 0 |           |  | $ | 183 |  |  | $ | 180 |  |  | $ | 182 | 
|                       |  | Erick Fleuridor               |  |                                                      |   |                  |  | Term loan     |  | 12/15/09    |  | 12/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 181 |  |  | $ | 182 | 
|                       |  | Eddie Wilson                  |  |                                                      | # | #                |  | Term loan     |  | 07/22/10    |  | 07/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 6.88 | % |          | $ | 0 |           |  | $ | 180 |  |  | $ | 178 |  |  | $ | 180 | 
|                       |  | Saintilia Charles             |  |                                                      |   |                  |  | Term loan     |  | 09/13/10    |  | 09/13/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  | $ | 180 |  |  | $ | 180 |  |  | $ | 180 | 
|                       |  | Jeannot Louis                 |  |                                                      |   |                  |  | Term loan     |  | 06/11/09    |  | 06/11/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 179 |  |  | $ | 180 | 
|                       |  | Sonson Taxi Inc               |  |                                                      |   |                  |  | Term loan     |  | 04/09/10    |  | 04/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.75 | % |          | $ | 0 |           |  | $ | 176 |  |  | $ | 173 |  |  | $ | 175 | 
|                       |  | Bidon Taxi Inc                |  |                                                      | # | #                |  | Term loan     |  | 08/09/07    |  | 08/09/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Marie Jeanne Philemon         |  |                                                      | # | #                |  | Term loan     |  | 07/12/07    |  | 07/12/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 173 |  |  | $ | 173 | 
|                       |  | Samuel Lahens                 |  |                                                      | # | #                |  | Term loan     |  | 08/09/07    |  | 08/09/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 173 |  |  | $ | 173 | 
|                       |  | Charata Taxi Inc              |  |                                                      |   |                  |  | Term loan     |  | 04/09/10    |  | 04/09/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.75 | % |          | $ | 0 |           |  | $ | 172 |  |  | $ | 169 |  |  | $ | 171 | 
|                       |  | Jean Milo Saintus             |  |                                                      |   |                  |  | Term loan     |  | 04/12/07    |  | 04/12/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 170 |  |  | $ | 170 | 
|                       |  | Antoines Dortin               |  |                                                      | # | #                |  | Term loan     |  | 08/12/10    |  | 08/12/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  | $ | 168 |  |  | $ | 167 |  |  | $ | 169 | 
|                       |  | Mebele Pierre                 |  |                                                      | # | #                |  | Term loan     |  | 10/07/10    |  | 10/07/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.25 | % |          | $ | 0 |           |  | $ | 165 |  |  | $ | 163 |  |  | $ | 166 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                          |  |                                                      |   |                  |  |               |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                      |      |   |          |   |   |           |  |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------ |  | ---------------------------------------------------- | - | ---------------- |  | ------------- |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ------------------------------------ | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name             |  | Security Type (all restricted unlessotherwise noted) |   | Acquisition Date |  | Maturity Date |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |  |  | Original Cost 
of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Adieula Figaro           |  |                                                      | # | #                |  | Term loan     |  | 10/05/06    |  | 10/05/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 9.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 165 |  |  | $ | 165 | 
|                       |  | Ekny Fils-Aime           |  |                                                      | # | #                |  | Term loan     |  | 10/05/06    |  | 10/05/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 9.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 165 |  |  | $ | 165 | 
|                       |  | Joseph Duverneau         |  |                                                      | # | #                |  | Term loan     |  | 04/12/07    |  | 04/12/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 164 |  |  | $ | 164 | 
|                       |  | 0127 Incorporated        |  |                                                      | # | #                |  | Term loan     |  | 08/07/08    |  | 08/07/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 163 |  |  | $ | 163 | 
|                       |  | Simone Francois          |  |                                                      | # | #                |  | Term loan     |  | 01/11/07    |  | 01/11/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 162 |  |  | $ | 162 | 
|                       |  | Charles Agesilas         |  |                                                      | # | #                |  | Term loan     |  | 07/10/09    |  | 07/10/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 160 |  |  | $ | 161 | 
|                       |  | Three Sons 2 Taxi Inc    |  |                                                      |   |                  |  | Term loan     |  | 10/15/09    |  | 10/15/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 150 |  |  | $ | 150 | 
|                       |  | Forward Taxi Corp        |  |                                                      |   |                  |  | Term loan     |  | 04/12/07    |  | 04/12/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 149 |  |  | $ | 149 | 
|                       |  | Thomas Lahens            |  |                                                      |   |                  |  | Term loan     |  | 08/09/07    |  | 08/09/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 148 |  |  | $ | 148 | 
|                       |  | Lucita Dorely            |  |                                                      |   |                  |  | Term loan     |  | 10/16/09    |  | 10/15/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 147 |  |  | $ | 147 | 
|                       |  | Renelus Dieujuste        |  |                                                      | # | #                |  | Term loan     |  | 12/03/09    |  | 12/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 147 |  |  | $ | 147 | 
|                       |  | Ahmad Taxi Inc           |  |                                                      | # | #                |  | Term loan     |  | 05/10/07    |  | 05/10/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 147 |  |  | $ | 147 | 
|                       |  | Louibert Julien          |  |                                                      |   |                  |  | Term loan     |  | 06/19/09    |  | 06/19/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 146 |  |  | $ | 146 | 
|                       |  | Bettie Jean              |  |                                                      |   |                  |  | Term loan     |  | 10/11/07    |  | 10/11/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 145 |  |  | $ | 145 | 
|                       |  | Jovin Taxi Inc           |  |                                                      | # | #                |  | Term loan     |  | 03/09/09    |  | 03/09/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 143 |  |  | $ | 144 | 
|                       |  | E Z 4 U Inc              |  |                                                      |   |                  |  | Term loan     |  | 01/17/08    |  | 01/17/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 9.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 142 |  |  | $ | 143 | 
|                       |  | Yves Frantz Philemon     |  |                                                      | # | #                |  | Term loan     |  | 12/07/06    |  | 12/07/10 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Domino Corp              |  |                                                      |   |                  |  | Term loan     |  | 06/16/09    |  | 06/17/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 139 |  |  | $ | 140 | 
|                       |  | Matias Paul              |  |                                                      | # | #                |  | Term loan     |  | 04/12/07    |  | 04/12/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 136 |  |  | $ | 136 | 
|                       |  | Amilcar Prophete &       |  |                                                      |   |                  |  | Term loan     |  | 04/02/09    |  | 04/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 133 |  |  | $ | 133 | 
|                       |  | Olga Morales             |  |                                                      | # | #                |  | Term loan     |  | 04/03/08    |  | 04/03/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 126 |  |  | $ | 126 | 
|                       |  | Joseph Francilus         |  |                                                      |   |                  |  | Term loan     |  | 10/07/10    |  | 10/07/20 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  | $ | 124 |  |  | $ | 123 |  |  | $ | 125 | 
|                       |  | Don Taxi Corp            |  |                                                      | # | #                |  | Term loan     |  | 09/02/10    |  | 09/02/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  | $ | 114 |  |  | $ | 113 |  |  | $ | 115 | 
|                       |  | Saintvill #2 Taxi Corp   |  |                                                      |   |                  |  | Term loan     |  | 12/14/09    |  | 12/03/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 114 |  |  | $ | 114 | 
|                       |  | Ruthe Edouard &          |  |                                                      | # | #                |  | Term loan     |  | 02/07/08    |  | 02/07/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 105 |  |  | $ | 105 | 
|                       |  | Pegy Taxi Corp           |  |                                                      | # | #                |  | Term loan     |  | 04/12/07    |  | 04/12/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 105 |  |  | $ | 105 | 
|                       |  | Mfc Taxi Corp            |  |                                                      |   |                  |  | Term loan     |  | 12/14/09    |  | 12/03/19 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 104 |  |  | $ | 105 | 
|                       |  | Pierre Sterling          |  |                                                      |   |                  |  | Term loan     |  | 01/11/07    |  | 01/11/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 103 |  |  | $ | 103 | 
|                       |  | Gerald Jean-Louis        |  |                                                      | # | #                |  | Term loan     |  | 04/02/09    |  | 04/02/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 100 |  |  | $ | 101 | 
|                       |  | Clameus Estimable        |  |                                                      |   |                  |  | Term loan     |  | 05/06/10    |  | 05/06/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.50 | % |          | $ | 0 |           |  | $ | 95  |  |  | $ | 94  |  |  | $ | 96  | 
|                       |  | Gethsemane Inc           |  |                                                      |   |                  |  | Term loan     |  | 02/27/09    |  | 02/27/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.68 | % |          | $ | 0 |           |  |   |     |  |  | $ | 94  |  |  | $ | 94  | 
|                       |  | Praise The Lord Taxi Inc |  |                                                      | # | #                |  | Term loan     |  | 04/12/07    |  | 04/12/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 92  |  |  | $ | 92  | 
|                       |  | Lantil Taxi Inc          |  |                                                      |   |                  |  | Term loan     |  | 08/09/07    |  | 08/09/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 90  |  |  | $ | 90  | 
|                       |  | Webert Joseph            |  |                                                      | # | #                |  | Term loan     |  | 02/08/07    |  | 02/08/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 89  |  |  | $ | 89  | 
|                       |  | 100 Taxi #2 Corp         |  |                                                      |   |                  |  | Term loan     |  | 07/25/08    |  | 07/25/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 83  |  |  | $ | 83  | 
|                       |  | Abanob Trans Inc         |  |                                                      |   |                  |  | Term loan     |  | 06/14/07    |  | 06/14/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 74  |  |  | $ | 74  | 
|                       |  | Noelcius Osit            |  |                                                      |   |                  |  | Term loan     |  | 09/20/07    |  | 09/20/11 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 68  |  |  | $ | 68  | 
|                       |  | Marie T #2 Taxi Corp     |  |                                                      |   |                  |  | Term loan     |  | 12/07/06    |  | 12/07/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 67  |  |  | $ | 67  | 
|                       |  | Tchacito #2 Taxi Corp    |  |                                                      |   |                  |  | Term loan     |  | 12/07/06    |  | 12/07/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 50  |  |  | $ | 50  | 
|                       |  | Marie C Taxi Inc         |  |                                                      |   |                  |  | Term loan     |  | 04/12/07    |  | 04/12/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 49  |  |  | $ | 49  | 
|                       |  | Zoune Taxi #2 Inc        |  |                                                      |   |                  |  | Term loan     |  | 10/23/08    |  | 10/23/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $ | 48  |  |  | $ | 48  | 
|                       |  | Graciela Carbajal        |  |                                                      |   |                  |  | Term loan     |  | 05/10/07    |  | 05/10/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 45  |  |  | $ | 45  | 
|                       |  | Two Mens Taxi Inc        |  |                                                      |   |                  |  | Term loan     |  | 09/20/00    |  | 09/29/13 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 44  |  |  | $ | 44  | 
|                       |  | Michel Ulysse            |  |                                                      |   |                  |  | Term loan     |  | 04/06/00    |  | 11/01/12 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |     |  |  | $ | 43  |  |  | $ | 43  | 
|                       |  | Saeiid Llc               |  |                                                      |   |                  |  | Term loan     |  | 02/07/08    |  | 02/07/15 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $ | 33  |  |  | $ | 34  | 
|                       |  | Michaelange Corp         |  |                                                      |   |                  |  | Term loan     |  | 11/22/04    |  | 11/23/14 |               |  | 1 |                  |  |  | *                   |  |  |                                      | 8.25 | % |          | $ | 0 |           |  |   |     |  |  | $ | 32  |  |  | $ | 32  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                               |  |                                                      |   |                  |  |               |  |             |  |          |               |  |    |                  |  |  |                     |   |  |                                      |      |   |          |   |   |           |  |   |       |  |  |   |        |  |  |   |        | 
|---------------------- |  | ----------------------------- |  | ---------------------------------------------------- | - | ---------------- |  | ------------- |  | ----------- |  | -------- | ------------- |  | -- | ---------------- |  |  | ------------------- | - |  | ------------------------------------ | ---- | - | -------- | - | - | --------- |  | - | ----- |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                  |  | Security Type (all restricted unlessotherwise noted) |   | Acquisition Date |  | Maturity Date |  | # ofInvest. |  |          | % ofNetAssets |  |    | InterestRate (1) |  |  | CapitalizedInterest |   |  | Original Cost 
of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | El-Aman Express Llc           |  |                                                      |   |                  |  | Term loan     |  | 01/17/08    |  | 01/28/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  | El-Aman Express Llc           |  |                                                      |   |                  |  | Term loan     |  | 02/07/08    |  | 02/11/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  | Akwaaba Taxi Inc              |  |                                                      |   |                  |  | Term loan     |  | 09/04/08    |  | 09/04/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 19     |  |  | $ | 20     | 
|                       |  | Serge Garcon                  |  |                                                      |   |                  |  | Term loan     |  | 01/17/08    |  | 01/17/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 19     |  |  | $ | 19     | 
|                       |  | El-Aman Express Llc           |  |                                                      |   |                  |  | Term loan     |  | 01/17/08    |  | 01/28/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 18     |  |  | $ | 18     | 
|                       |  | Party Laa Inc                 |  |                                                      |   |                  |  | Term loan     |  | 02/08/07    |  | 02/08/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 18     |  |  | $ | 18     | 
|                       |  | 211 Incorporated              |  |                                                      |   |                  |  | Term loan     |  | 02/05/09    |  | 02/03/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 17     |  |  | $ | 18     | 
|                       |  | 2 Coptic Brothers Corporation |  |                                                      |   |                  |  | Term loan     |  | 09/20/07    |  | 09/20/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 17     |  |  | $ | 17     | 
|                       |  | Herve Dameus & James Dameus   |  |                                                      |   |                  |  | Term loan     |  | 01/11/07    |  | 01/11/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 15     |  |  | $ | 15     | 
|                       |  | Jean Belony                   |  |                                                      |   |                  |  | Term loan     |  | 06/14/07    |  | 06/14/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 14     |  |  | $ | 14     | 
|                       |  | Zile Taxi Corp                |  |                                                      |   |                  |  | Term loan     |  | 02/08/02    |  | 02/13/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 9      |  |  | $ | 9      | 
|                       |  | Fraline Taxi Inc              |  |                                                      |   |                  |  | Term loan     |  | 08/05/04    |  | 08/05/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 7      |  |  | $ | 7      | 
|                       |  | Mr Clean Sdam Taxi Llc        |  |                                                      |   |                  |  | Term loan     |  | 04/03/08    |  | 04/03/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 5      |  |  | $ | 6      | 
|Boston                 |  |                               |  |                                                      |   |                  |  |               |  |             |  |          |               |  | 71 |                  |  |  | 11                  | % |  |                                      | 6.74 | % |          | $ | 0 |           |  | $ | 4,849 |  |  | $ | 18,237 |  |  | $ | 18,273 | 
|                       |  | Arinze Trans Inc              |  |                                                      |   |                  |  | Term loan     |  | 02/05/10    |  | 02/05/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  | $ | 655   |  |  | $ | 649    |  |  | $ | 649    | 
|                       |  | Arinze Trans Inc              |  |                                                      | # | #                |  | Term loan     |  | 07/24/08    |  | 07/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 580    |  |  | $ | 581    | 
|                       |  | Chiso Trans Inc               |  |                                                      |   |                  |  | Term loan     |  | 11/30/09    |  | 11/30/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 584    |  |  | $ | 585    | 
|                       |  | Chiso Trans Inc               |  |                                                      |   |                  |  | Term loan     |  | 07/24/08    |  | 07/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 581    |  |  | $ | 581    | 
|                       |  | Piff & Hector Cab Inc &       |  |                                                      |   |                  |  | Term loan     |  | 01/04/08    |  | 01/04/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.13 | % |          | $ | 0 |           |  |   |       |  |  | $ | 731    |  |  | $ | 732    | 
|                       |  | Odat Taxi, Inc.               |  |                                                      |   |                  |  | Term loan     |  | 06/27/08    |  | 06/27/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.65 | % |          | $ | 0 |           |  |   |       |  |  | $ | 648    |  |  | $ | 649    | 
|                       |  | Dp Taxi Inc                   |  |                                                      | # | #                |  | Term loan     |  | 12/17/10    |  | 12/17/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.00 | % |          | $ | 0 |           |  | $ | 630   |  |  | $ | 630    |  |  | $ | 632    | 
|                       |  | Chidi Trans Inc               |  |                                                      | # | #                |  | Term loan     |  | 07/24/08    |  | 07/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 580    |  |  | $ | 580    | 
|                       |  | Johnson Holdings Inc          |  |                                                      | # | #                |  | Term loan     |  | 07/24/08    |  | 07/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 580    |  |  | $ | 580    | 
|                       |  | Chidi Trans Inc               |  |                                                      | # | #                |  | Term loan     |  | 07/24/08    |  | 07/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 580    |  |  | $ | 580    | 
|                       |  | Mansour Cab Co Inc            |  |                                                      | # | #                |  | Term loan     |  | 10/24/07    |  | 12/30/10 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 4.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 550    |  |  | $ | 550    | 
|                       |  | Memory Cab Company Inc        |  |                                                      | # | #                |  | Term loan     |  | 10/24/07    |  | 12/30/10 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 4.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 550    |  |  | $ | 550    | 
|                       |  | Gabriel Trans Holdings Inc    |  |                                                      |   |                  |  | Term loan     |  | 11/30/09    |  | 11/30/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 487    |  |  | $ | 488    | 
|                       |  | Jv Taxi Inc                   |  |                                                      |   |                  |  | Term loan     |  | 11/23/10    |  | 11/23/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.50 | % |          | $ | 0 |           |  | $ | 350   |  |  | $ | 349    |  |  | $ | 352    | 
|                       |  | Andrelina & Suzie Cab Inc     |  |                                                      |   |                  |  | Term loan     |  | 08/17/10    |  | 08/17/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.13 | % |          | $ | 0 |           |  | $ | 360   |  |  | $ | 328    |  |  | $ | 330    | 
|                       |  | P&P Dumerant Corp             |  |                                                      |   |                  |  | Term loan     |  | 08/17/10    |  | 08/17/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.75 | % |          | $ | 0 |           |  | $ | 330   |  |  | $ | 328    |  |  | $ | 330    | 
|                       |  | Saint Inc                     |  |                                                      |   |                  |  | Term loan     |  | 03/05/10    |  | 03/05/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.50 | % |          | $ | 0 |           |  | $ | 334   |  |  | $ | 328    |  |  | $ | 330    | 
|                       |  | Myra Inc                      |  |                                                      |   |                  |  | Term loan     |  | 03/05/10    |  | 03/05/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.50 | % |          | $ | 0 |           |  | $ | 334   |  |  | $ | 328    |  |  | $ | 330    | 
|                       |  | Jesus Denis Cab Inc           |  |                                                      | # | #                |  | Term loan     |  | 09/24/10    |  | 09/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 322   |  |  | $ | 320    |  |  | $ | 322    | 
|                       |  | Jmf Cab Inc                   |  |                                                      | # | #                |  | Term loan     |  | 12/22/08    |  | 12/22/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.88 | % |          | $ | 0 |           |  |   |       |  |  | $ | 321    |  |  | $ | 322    | 
|                       |  | Eldali Transportation Inc     |  |                                                      | # | #                |  | Term loan     |  | 10/03/08    |  | 10/03/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 314    |  |  | $ | 315    | 
|                       |  | Shemarjamalie Cab Inc         |  |                                                      |   |                  |  | Term loan     |  | 11/25/09    |  | 11/25/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 313    |  |  | $ | 314    | 
|                       |  | Sasun Cab Inc                 |  |                                                      |   |                  |  | Term loan     |  | 02/26/10    |  | 08/26/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  | $ | 314   |  |  | $ | 308    |  |  | $ | 310    | 
|                       |  | H And H Taxi Inc              |  |                                                      | # | #                |  | Term loan     |  | 06/20/08    |  | 12/20/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 309    |  |  | $ | 309    | 
|                       |  | Urzal Taxi Inc                |  |                                                      | # | #                |  | Term loan     |  | 11/05/10    |  | 11/05/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.00 | % |          | $ | 0 |           |  | $ | 300   |  |  | $ | 300    |  |  | $ | 302    | 
|                       |  | Amitaf Cab Inc                |  |                                                      | # | #                |  | Term loan     |  | 09/24/10    |  | 09/24/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 300   |  |  | $ | 298    |  |  | $ | 301    | 
|                       |  | Benben Cab Inc                |  |                                                      |   |                  |  | Term loan     |  | 09/03/09    |  | 09/03/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.20 | % |          | $ | 0 |           |  |   |       |  |  | $ | 294    |  |  | $ | 295    | 
|                       |  | God Is Good Inc               |  |                                                      | # | #                |  | Term loan     |  | 11/25/09    |  | 11/25/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 293    |  |  | $ | 293    | 
|                       |  | Bel-Vu Cab Inc                |  |                                                      | # | #                |  | Term loan     |  | 11/05/10    |  | 11/05/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.00 | % |          | $ | 0 |           |  | $ | 290   |  |  | $ | 290    |  |  | $ | 292    | 
|                       |  | Louine Cab Inc                |  |                                                      |   |                  |  | Term loan     |  | 02/06/09    |  | 02/06/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 290    |  |  | $ | 291    | 
|                       |  | Ngozi Trans Inc.              |  |                                                      | # | #                |  | Term loan     |  | 06/20/08    |  | 06/20/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 288    |  |  | $ | 289    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                       |  |                                |  |                                                      |   |                  |  |               |  |             |  |          |               |  |    |                  |  |  |                     |   |  |                                      |      |   |          |   |   |           |  |   |       |  |  |   |       |  |  |   |       | 
|---------------------- |  | ------------------------------ |  | ---------------------------------------------------- | - | ---------------- |  | ------------- |  | ----------- |  | -------- | ------------- |  | -- | ---------------- |  |  | ------------------- | - |  | ------------------------------------ | ---- | - | -------- | - | - | --------- |  | - | ----- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type (all restricted unlessotherwise noted) |   | Acquisition Date |  | Maturity Date |  | # ofInvest. |  |          | % ofNetAssets |  |    | InterestRate (1) |  |  | CapitalizedInterest |   |  | Original Cost 
of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|                       |  | Lange Gabrielle Inc           |  |                                                      | # | #                |  | Term loan     |  | 06/24/08    |  | 12/24/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 283   |  |  | $ | 283   | 
|                       |  | Cdes Cab Inc                   |  |                                                      | # | #                |  | Term loan     |  | 04/08/09    |  | 04/08/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.63 | % |          | $ | 0 |           |  |   |       |  |  | $ | 283   |  |  | $ | 283   | 
|                       |  | Phatricksey Cab Inc            |  |                                                      | # | #                |  | Term loan     |  | 05/19/08    |  | 07/19/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 277   |  |  | $ | 277   | 
|                       |  | Chardon Taxi Inc               |  |                                                      | # | #                |  | Term loan     |  | 09/05/08    |  | 09/05/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 266   |  |  | $ | 266   | 
|                       |  | Djbell Love Inc                |  |                                                      | # | #                |  | Term loan     |  | 08/25/06    |  | 08/25/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 9.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 266   |  |  | $ | 266   | 
|                       |  | Jre Taxi Inc                   |  |                                                      | # | #                |  | Term loan     |  | 05/01/08    |  | 05/01/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 251   |  |  | $ | 252   | 
|                       |  | Matrem, Inc.                   |  |                                                      | # | #                |  | Term loan     |  | 04/11/08    |  | 04/11/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 3.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 234   |  |  | $ | 235   | 
|                       |  | Amour Inc.                     |  |                                                      | # | #                |  | Term loan     |  | 04/11/08    |  | 04/11/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 3.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 234   |  |  | $ | 234   | 
|                       |  | Agla, Inc.                     |  |                                                      | # | #                |  | Term loan     |  | 04/11/08    |  | 04/11/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 3.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 234   |  |  | $ | 234   | 
|                       |  | Kirry Cab Inc &                |  |                                                      |   |                  |  | Term loan     |  | 01/04/08    |  | 01/04/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.13 | % |          | $ | 0 |           |  |   |       |  |  | $ | 225   |  |  | $ | 225   | 
|                       |  | Belmontagne Inc                |  |                                                      | # | #                |  | Term loan     |  | 05/02/08    |  | 05/02/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 214   |  |  | $ | 214   | 
|                       |  | Ngozi Trans Inc.               |  |                                                      | # | #                |  | Term loan     |  | 06/20/08    |  | 06/20/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 213   |  |  | $ | 213   | 
|                       |  | Ngozi Trans Inc.               |  |                                                      | # | #                |  | Term loan     |  | 06/20/08    |  | 06/20/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 212   |  |  | $ | 213   | 
|                       |  | Lunica Inc                     |  |                                                      | # | #                |  | Term loan     |  | 12/07/07    |  | 12/07/10 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 208   |  |  | $ | 208   | 
|                       |  | Monteiro Cab Inc               |  |                                                      | # | #                |  | Term loan     |  | 11/13/09    |  | 11/13/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 190   |  |  | $ | 190   | 
|                       |  | Stanley & Rachelle Cab Inc     |  |                                                      | # | #                |  | Term loan     |  | 06/16/06    |  | 06/16/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.63 | % |          | $ | 0 |           |  |   |       |  |  | $ | 177   |  |  | $ | 177   | 
|                       |  | Mwinkteana Cab Inc             |  |                                                      | # | #                |  | Term loan     |  | 05/12/06    |  | 05/12/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 3.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 144   |  |  | $ | 144   | 
|                       |  | Dabola Cab Inc                 |  |                                                      | # | #                |  | Term loan     |  | 11/17/06    |  | 11/17/11 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 3.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 139   |  |  | $ | 139   | 
|                       |  | Chiso Trans Inc Et Al          |  |                                                      |   |                  |  | Term loan     |  | 12/23/10    |  | 12/23/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  | $ | 120   |  |  | $ | 120   |  |  | $ | 120   | 
|                       |  | Family Trans Inc               |  |                                                      |   |                  |  | Term loan     |  | 03/20/09    |  | 03/20/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 88    |  |  | $ | 88    | 
|                       |  | Johnson Holdings Inc           |  |                                                      |   |                  |  | Term loan     |  | 10/01/10    |  | 10/01/15 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.63 | % |          | $ | 0 |           |  | $ | 75    |  |  | $ | 73    |  |  | $ | 73    | 
|                       |  | Piff & Hector Cab Inc &        |  |                                                      |   |                  |  | Term loan     |  | 10/29/08    |  | 10/29/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 68    |  |  | $ | 68    | 
|                       |  | Kena Cab Inc                   |  |                                                      | # | #                |  | Term loan     |  | 11/02/07    |  | 11/02/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 3.25 | % |          | $ | 0 |           |  |   |       |  |  | $ | 57    |  |  | $ | 58    | 
|                       |  | Chenal Cab Inc                 |  |                                                      |   |                  |  | Term loan     |  | 11/19/08    |  | 11/19/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.38 | % |          | $ | 0 |           |  |   |       |  |  | $ | 57    |  |  | $ | 57    | 
|                       |  | Boband Cab Inc                 |  |                                                      |   |                  |  | Term loan     |  | 05/14/10    |  | 05/14/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 48    |  |  | $ | 47    |  |  | $ | 46    | 
|                       |  | Sarhad Coach Inc               |  |                                                      |   |                  |  | Term loan     |  | 05/23/08    |  | 05/23/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 44    |  |  | $ | 45    | 
|                       |  | Brattle Transpor Service/Mbank |  |                                                      |   |                  |  | Term loan     |  | 12/17/09    |  | 12/17/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 41    |  |  | $ | 39    | 
|                       |  | Marthine Cab Inc               |  |                                                      |   |                  |  | Term loan     |  | 09/17/10    |  | 09/17/14 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 35    |  |  | $ | 33    |  |  | $ | 35    | 
|                       |  | Sunshine Cab Inc               |  |                                                      | # | #                |  | Term loan     |  | 06/12/07    |  | 06/12/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 34    |  |  | $ | 34    | 
|                       |  | Jsw Lucky Cab Inc/Mbank        |  |                                                      |   |                  |  | Term loan     |  | 11/19/08    |  | 05/19/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 32    |  |  | $ | 32    | 
|                       |  | Dadou Cab Inc/Mbank &          |  |                                                      |   |                  |  | Term loan     |  | 10/20/08    |  | 10/20/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 28    |  |  | $ | 28    | 
|                       |  | Theo Cab Inc/Mbank             |  |                                                      |   |                  |  | Term loan     |  | 10/08/08    |  | 10/08/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.95 | % |          | $ | 0 |           |  |   |       |  |  | $ | 28    |  |  | $ | 28    | 
|                       |  | Douceur Cab Inc/Mbank          |  |                                                      |   |                  |  | Term loan     |  | 11/19/08    |  | 11/19/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 26    |  |  | $ | 26    | 
|                       |  | P&P Dumerant Corp              |  |                                                      |   |                  |  | Term loan     |  | 09/17/10    |  | 09/17/15 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.00 | % |          | $ | 0 |           |  | $ | 25    |  |  | $ | 24    |  |  | $ | 24    | 
|                       |  | O.M. Taxi Inc/Mbank            |  |                                                      |   |                  |  | Term loan     |  | 05/14/10    |  | 05/14/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  | $ | 18    |  |  | $ | 18    |  |  | $ | 16    | 
|                       |  | Jaynana Cab Inc                |  |                                                      |   |                  |  | Term loan     |  | 04/08/09    |  | 04/08/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.63 | % |          | $ | 0 |           |  |   |       |  |  | $ | 14    |  |  | $ | 14    | 
|                       |  | Shemarjamalie Cab Inc          |  |                                                      |   |                  |  | Term loan     |  | 02/17/10    |  | 02/17/15 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  | $ | 10    |  |  | $ | 9     |  |  | $ | 9     | 
|                       |  | Jre Taxi Inc                   |  |                                                      |   |                  |  | Term loan     |  | 02/13/09    |  | 02/13/14 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |       |  |  | $ | 8     |  |  | $ | 8     | 
|                       |  | Aldine Cab Inc/Mbank           |  |                                                      |   |                  |  | Term loan     |  | 03/27/09    |  | 03/27/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 7.75 | % |          | $ | 0 |           |  |   |       |  |  | $ | 8     |  |  | $ | 8     | 
|                       |  | Pike Cab Inc                   |  |                                                      |   |                  |  | Term loan     |  | 05/23/08    |  | 05/23/12 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.50 | % |          | $ | 0 |           |  |   |       |  |  | $ | 2     |  |  | $ | 2     | 
|Cambridge              |  |                                |  |                                                      |   |                  |  |               |  |             |  |          |               |  | 20 |                  |  |  | 3                   | % |  |                                      | 6.72 | % |          | $ | 0 |           |  | $ | 3,485 |  |  | $ | 5,501 |  |  | $ | 5,522 | 
|                       |  | Gcf Taxi Inc                   |  |                                                      | # | #                |  | Term loan     |  | 10/08/10    |  | 10/08/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.60 | % |          | $ | 0 |           |  | $ | 723   |  |  | $ | 721   |  |  | $ | 723   | 
|                       |  | Gcf Taxi Inc, Et Al/B Note     |  |                                                      |   |                  |  | Term loan     |  | 11/18/10    |  | 11/18/20 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 579   |  |  | $ | 577   |  |  | $ | 580   | 
|                       |  | Rayna Trans Inc                |  |                                                      |   |                  |  | Term loan     |  | 08/13/10    |  | 08/13/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.60 | % |          | $ | 0 |           |  | $ | 367   |  |  | $ | 365   |  |  | $ | 367   | 
|                       |  | Desdunes Cab Inc               |  |                                                      |   |                  |  | Term loan     |  | 08/13/10    |  | 08/13/13 |               |  | 1  |                  |  |  | *                   |   |  |                                      | 6.38 | % |          | $ | 0 |           |  | $ | 349   |  |  | $ | 346   |  |  | $ | 348   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                                                                                                                                             |  |                                |  |                                                      |  |                 |  |              |     |             |  |  |               |   |  |                  |      |   |                     |   |       |                                    |  |   |          |  |  |           |         |  |  |   |         |  |  |   |       | 
|-------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------ |  | ---------------------------------------------------- |  | --------------- |  | ------------ | --- | ----------- |  |  | ------------- | - |  | ---------------- | ---- | - | ------------------- | - | ----- | ---------------------------------- |  | - | -------- |  |  | --------- | ------- |  |  | - | ------- |  |  | - | ----- | 
|(Dollars in thousands)                                                                                                                       |  | Obligor Name                   |  | Security Type
(all restricted unless otherwisenoted) |  | AcquisitionDate |  | MaturityDate |     | # ofInvest. |  |  | % ofNetAssets |   |  | InterestRate (1) |      |   | CapitalizedInterest |   |       | OriginalCost of2010Acquisitions(5) |  |   | Cost (4) |  |  | FairValue |        
|                                                                                                                                             |  | Patrick Cab Inc &              |  |                                                      |  | Term loan       |  | 12/15/09     |     | 12/15/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 6.95  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 347     |  |  | $ | 348   | 
|                                                                                                                                             |  | Drumman Trans Inc              |  |                                                      |  | Term loan       |  | 03/28/08     |     | 03/28/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.13  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 347     |  |  | $ | 347   | 
|                                                                                                                                             |  | Andrew Cab Inc &               |  |                                                      |  | Term loan       |  | 12/15/09     |     | 12/15/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 6.95  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 346     |  |  | $ | 346   | 
|                                                                                                                                             |  | Delivrance Cab Inc             |  | ##                                                   |  | Term loan       |  | 10/21/09     |     | 10/21/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.50  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 328     |  |  | $ | 328   | 
|                                                                                                                                             |  | Sam Taxi Inc                   |  |                                                      |  | Term loan       |  | 03/19/10     |     | 03/10/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 6.50  | %                                  |  | $ | 0        |  |  | $         | 330     |  |  | $ | 325     |  |  | $ | 326   | 
|                                                                                                                                             |  | Legend Trans Inc               |  |                                                      |  | Term loan       |  | 01/29/10     |     | 07/29/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.40  | %                                  |  | $ | 0        |  |  | $         | 332     |  |  | $ | 325     |  |  | $ | 326   | 
|                                                                                                                                             |  | Jablem Cab Inc                 |  | ##                                                   |  | Term loan       |  | 05/17/10     |     | 05/17/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 6.25  | %                                  |  | $ | 0        |  |  | $         | 290     |  |  | $ | 286     |  |  | $ | 288   | 
|                                                                                                                                             |  | Raad Taxi Inc                  |  |                                                      |  | Term loan       |  | 06/04/08     |     | 06/04/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.25  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 283     |  |  | $ | 283   | 
|                                                                                                                                             |  | Marcia And Everton Cab Inc     |  | ##                                                   |  | Term loan       |  | 10/30/09     |     | 10/30/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 6.75  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 249     |  |  | $ | 249   | 
|                                                                                                                                             |  | Randah Cab Inc                 |  | ##                                                   |  | Term loan       |  | 11/15/10     |     | 11/15/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 5.75  | %                                  |  | $ | 0        |  |  | $         | 236     |  |  | $ | 235     |  |  | $ | 237   | 
|                                                                                                                                             |  | Gl Cab Inc                     |  | ##                                                   |  | Term loan       |  | 04/29/10     |     | 04/29/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 5.50  | %                                  |  | $ | 0        |  |  | $         | 210     |  |  | $ | 207     |  |  | $ | 209   | 
|                                                                                                                                             |  | Taxi Technology Inc            |  | ##                                                   |  | Term loan       |  | 01/30/09     |     | 01/30/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.75  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 120     |  |  | $ | 121   | 
|                                                                                                                                             |  | Viel Cab Inc/Mbank             |  |                                                      |  | Term loan       |  | 02/19/10     |     | 02/19/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 9.22  | %                                  |  | $ | 0        |  |  | $         | 49      |  |  | $ | 49      |  |  | $ | 49    | 
|                                                                                                                                             |  | B & V Cab Inc                  |  |                                                      |  | Term loan       |  | 05/07/10     |     | 05/07/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 8.00  | %                                  |  | $ | 0        |  |  | $         | 22      |  |  | $ | 21      |  |  | $ | 21    | 
|                                                                                                                                             |  | Gasperina Trans Inc/Mbank      |  |                                                      |  | Term loan       |  | 09/19/08     |     | 03/19/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.36  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 18      |  |  | $ | 18    | 
|                                                                                                                                             |  | Hope-Lynn Cabworks Inc         |  |                                                      |  | Term loan       |  | 11/08/07     |     | 03/12/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.25  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 7       |  |  | $ | 7     | 
|                                                                                                                                             |  |                                |  |                                                      |  |                 |  |              |     |             |  | 
|Other                                                                                                                                        |  |                                |  |                                                      |  |                 |  |              |     |             |  |  | 22            |   |  |                  | 3    | % |                     |   | 7.05  | %                                  |  | $ | 0        |  |  | $         | 1,593   |  |  | $ | 5,047   |  |  | $ | 5,069 | 
|                                                                                                                                             |  | Mordecai Matityahu & Dorit Mat |  | ##                                                   |  | Term loan       |  | 07/02/08     |     | 07/02/11    |  |  | 1             |   |  |                  | 1    | % |                     |   | 6.50  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 2,256   |  |  | $ | 2,256 | 
|                                                                                                                                             |  | Cristal Cab Co                 |  | ##                                                   |  | Term loan       |  | 07/02/09     |     | 07/02/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.00  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 454     |  |  | $ | 454   | 
|                                                                                                                                             |  | Brasil Taxi Llc                |  | ##                                                   |  | Term loan       |  | 10/20/10     |     | 10/19/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 6.50  | %                                  |  | $ | 0        |  |  | $         | 447     |  |  | $ | 446     |  |  | $ | 448   | 
|                                                                                                                                             |  | Oscar M.V. Inc &               |  |                                                      |  | Term loan       |  | 09/24/08     |     | 09/24/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.00  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 325     |  |  | $ | 326   | 
|                                                                                                                                             |  | Tjp Inc                        |  | ##                                                   |  | Term loan       |  | 07/07/10     |     | 07/07/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.00  | %                                  |  | $ | 0        |  |  | $         | 202     |  |  | $ | 201     |  |  | $ | 203   | 
|                                                                                                                                             |  | Hantin Trans/Aventura Taxi     |  |                                                      |  | Term loan       |  | 06/16/10     |     | 06/16/17    |  |  | 1             |   |  |                  | *    |   |                     |   | 8.25  | %                                  |  | $ | 0        |  |  | $         | 200     |  |  | $ | 192     |  |  | $ | 195   | 
|                                                                                                                                             |  | Metu Inc                       |  |                                                      |  | Term loan       |  | 11/08/10     |     | 11/08/14    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.00  | %                                  |  | $ | 0        |  |  | $         | 192     |  |  | $ | 192     |  |  | $ | 194   | 
|                                                                                                                                             |  | Toru Inc                       |  |                                                      |  | Term loan       |  | 11/08/10     |     | 11/08/14    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.00  | %                                  |  | $ | 0        |  |  | $         | 192     |  |  | $ | 192     |  |  | $ | 194   | 
|                                                                                                                                             |  | Zelalem S. Alemu               |  |                                                      |  | Term loan       |  | 04/28/08     |     | 04/28/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 11.00 | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 138     |  |  | $ | 138   | 
|                                                                                                                                             |  | Getrot Michel                  |  |                                                      |  | Term loan       |  | 03/07/08     |     | 03/07/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 11.00 | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 114     |  |  | $ | 115   | 
|                                                                                                                                             |  | Wiljean Marcelin               |  |                                                      |  | Term loan       |  | 11/17/10     |     | 12/01/15    |  |  | 1             |   |  |                  | *    |   |                     |   | 8.25  | %                                  |  | $ | 0        |  |  | $         | 128     |  |  | $ | 112     |  |  | $ | 114   | 
|                                                                                                                                             |  | Ogechi Inc                     |  | ##                                                   |  | Term loan       |  | 02/15/08     |     | 02/15/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.25  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 114     |  |  | $ | 114   | 
|                                                                                                                                             |  | Abir Cab Co                    |  |                                                      |  | Term loan       |  | 06/08/10     |     | 06/08/14    |  |  | 1             |   |  |                  | *    |   |                     |   | 6.75  | %                                  |  | $ | 0        |  |  | $         | 84      |  |  | $ | 81      |  |  | $ | 83    | 
|                                                                                                                                             |  | Elzira & Luc Cab Inc.          |  |                                                      |  | Term loan       |  | 08/17/10     |     | 08/17/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 8.25  | %                                  |  | $ | 0        |  |  | $         | 59      |  |  | $ | 58      |  |  | $ | 60    | 
|                                                                                                                                             |  | Spsa-1 Inc; Saps-2 Inc; Psas   |  |                                                      |  | Term loan       |  | 10/15/04     |     | 10/13/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.50  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 55      |  |  | $ | 55    | 
|                                                                                                                                             |  | Elysse Corporation &           |  |                                                      |  | Term loan       |  | 09/10/10     |     | 03/10/18    |  |  | 1             |   |  |                  | *    |   |                     |   | 8.25  | %                                  |  | $ | 0        |  |  | $         | 38      |  |  | $ | 38      |  |  | $ | 41    | 
|                                                                                                                                             |  | Oddy Transportation Services I |  |                                                      |  | Term loan       |  | 11/26/07     |     | 11/27/14    |  |  | 1             |   |  |                  | *    |   |                     |   | 8.00  | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 26      |  |  | $ | 26    | 
|                                                                                                                                             |  | Morocco Taxi LLC               |  |                                                      |  | Term loan       |  | 12/21/10     |     | 12/20/13    |  |  | 1             |   |  |                  | *    |   |                     |   | 6.38  | %                                  |  | $ | 0        |  |  | $         | 24      |  |  | $ | 24      |  |  | $ | 24    | 
|                                                                                                                                             |  | Wiljean Marcelin/Fs            |  |                                                      |  | Term loan       |  | 11/17/10     |     | 12/01/15    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.00  | %                                  |  | $ | 0        |  |  | $         | 16      |  |  | $ | 16      |  |  | $ | 16    | 
|                                                                                                                                             |  | Odney Cab Inc                  |  |                                                      |  | Term loan       |  | 12/22/10     |     | 12/22/15    |  |  | 1             |   |  |                  | *    |   |                     |   | 11.50 | %                                  |  | $ | 0        |  |  | $         | 8       |  |  | $ | 8       |  |  | $ | 8     | 
|                                                                                                                                             |  | Wilfrid Joseph/Norcal/Mbank    |  |                                                      |  | Term loan       |  | 10/13/09     |     | 11/01/12    |  |  | 1             |   |  |                  | *    |   |                     |   | 10.00 | %                                  |  | $ | 0        |  |  |           |         |  |  | $ | 4       |  |  | $ | 3     | 
|                                                                                                                                             |  | Durosier Xavier/Mbank          |  |                                                      |  | Term loan       |  | 08/16/10     |     | 07/01/15    |  |  | 1             |   |  |                  | *    |   |                     |   | 7.25  | %                                  |  | $ | 0        |  |  | $         | 3       |  |  | $ | 3       |  |  | $ | 3     | 
|                                                                                                                                             |  |                                |  |                                                      |  |                 |  |              |     |             |  |  |               |   |  |                  |      |   |                     |   |       |                                    |  |   |          |  |  |           |         |  |  |   |         |  |  |   |       | 
|Total medallion loans ($246,813 pledged as collateral under borrowing arrangements)                                                          |  |                                |  |                                                      |  |                 |  |              | 994 |             |  |  | 199           | % |  |                  | 5.90 | % |                     | $ | 0     |                                    |  | $ | 214,639  |  |  | $         | 322,830 |  |  | $ | 323,126 | 
|                                                                                                                                             |  |                                |  |                                                      |  |                 |  |              |     |             |  |  |               |   |  |                  |      |   |                     |   |       |                                    |  |   |          |  |  |           |         |  |  |   |         |  |  |   |       | 
|Commercial Loans                                                                                                                             |  |                                |  |                                                      |  |                 |  |              |     |             |  |  |               |   |  |                  |      |   |                     |   |       |                                    |  |   |          |  |  |           |         |  |  |   |         | 
|Secured mezzanine (21% Minnesota, 14% Florida, 10% Oklahoma, 8% Indiana, 7% Wisconsin, 7% California, 6% Texas and
27% all other states) (2) |  |                                |  |                                                      |  |                 |  |              |     |             |  |  |               |   |  |                  |      |   |                     |   |       |                                    |  |   |          |  |  |           |         |  |  |   |         | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                                                                   |  |   |  |                                                                        |  |                                                    |  |                 |    |              |  |             |    |   |               |  |       |                  |  |   |                     |   |  |                                      |        |   |          |   |        |           |  |   |        |  |  |   |       | 
|------------------------------------------------------------------ |  | - |  | ---------------------------------------------------------------------- |  | -------------------------------------------------- |  | --------------- | -- | ------------ |  | ----------- | -- | - | ------------- |  | ----- | ---------------- |  | - | ------------------- | - |  | ------------------------------------ | ------ | - | -------- | - | ------ | --------- |  | - | ------ |  |  | - | ----- | 
|(Dollars in thousands)                                             |  |   |  | Obligor Name                                                           |  | Security Type(all 
restrictedunlessotherwisenoted) |  | AcquisitionDate |    | MaturityDate |  | # ofInvest. |    |   | % ofNetAssets |  |       | InterestRate (1) |  |   | CapitalizedInterest |   |  | OriginalCost of 
2010Acquisitions(5) |        |   | Cost (4) |   |        | FairValue | 
|Accommodation and Food Services (4% of the total)                  |  |   |  | Multiconcepts &(interest rate includes PIK interest of 5%)             |  | Term loan                                          |  | 12/22/94        |    | 10/01/15     |  |             | 1  |   |               |  | 1     | %                |  |   | 10.00               | % |  | $                                    | 516    |   |          |   |        |           |  | $ | 1,607  |  |  | $ | 1,107 | 
|                                                                   |  |   |  | Javier & David                                                         |  | Term loan                                          |  | 11/05/10        |    | 11/05/15     |  |             | 1  |   |               |  | *     |                  |  |   | 9.25                | % |  | $                                    | 0      |   |          | $ | 700    |           |  | $ | 696    |  |  | $ | 696   | 
|                                                                   |  |   |  | Star & (interest rate includes PIK interest of 5%)                     |  | Term loan                                          |  | 09/23/97        |    | 10/01/15     |  |             | 1  |   |               |  | *     |                  |  |   | 10.00               | % |  | ($                                   | 3      | ) |          |   |        |           |  | $ | 1,589  |  |  | $ | 583   | 
|Administrative and Support Services (6% of the total)              |  |   |  | Staff One                                                              |  | Term loan                                          |  | 06/30/08        |    | 06/30/13     |  |             | 1  |   |               |  | 2     | %                |  |   | 13.50               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 3,308  |  |  | $ | 3,297 | 
|                                                                   |  |   |  | Ecological Systems (ESI) & (interest rate includes PIK interest of 9%) |  | Term loan                                          |  | 01/14/05        |    | Matured      |  |             | 1  |   |               |  | *     |                  |  |   | 19.00               | % |  | $                                    | 660    |   |          |   |        |           |  | $ | 5,352  |  |  | $ | 0     | 
|                                                                   |  |   |  | Ecological Systems (ESI) &                                             |  | Term loan                                          |  | 09/12/05        |    | Matured      |  |             | 1  |   |               |  | *     |                  |  |   | 10.00               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 212    |  |  | $ | 0     | 
|Arts, Entertainment, and Recreation (5% of the total)              |  |   |  | RPAC Racing (interest rate includes PIK interest of 10%)               |  | Term loan                                          |  | 11/19/10        |    | 11/19/15     |  |             | 1  |   |               |  | 2     | %                |  |   | 10.00               | % |  | $                                    | 32     |   |          | $ | 3,039  |           |  | $ | 3,071  |  |  | $ | 3,071 | 
|Health Care and Social Assistance (2% of the total)                |  | + |  | Will Vision &                                                          |  | Term loan                                          |  | 12/31/98        |    | 06/30/17     |  |             | 1  |   |               |  | 1     | %                |  |   | 7.00                | % |  | $                                    | 112    |   |          |   |        |           |  | $ | 1,586  |  |  | $ | 1,186 | 
|Information (3% of the total)                                      |  | + |  | United Record & (interest rate includes PIK interest of 6%)            |  | Term loan                                          |  | 07/06/07        |    | 07/06/12     |  |             | 1  |   |               |  | 1     | %                |  |   | 18.00               | % |  | $                                    | 94     |   |          |   |        |           |  | $ | 1,433  |  |  | $ | 1,433 | 
|                                                                   |  | + |  | United Record &                                                        |  | Term loan                                          |  | 07/06/07        |    | 07/06/12     |  |             | 1  |   |               |  | *     |                  |  |   | 12.00               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 59     |  |  | $ | 59    | 
|                                                                   |  | + |  | United Record &                                                        |  | Term loan                                          |  | 07/06/07        |    | 07/06/12     |  |             | 1  |   |               |  | *     |                  |  |   | 12.00               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 35     |  |  | $ | 35    | 
|Manufacturing (65% of the total)                                   |  | + |  | Stremel (interest rate includes PIK interest of 19%)                   |  | Term loan                                          |  | 12/06/05        |    | 04/18/12     |  |             | 1  |   |               |  | 4     | %                |  |   | 19.00               | % |  | $                                    | 1,358  |   |          |   |        |           |  | $ | 6,358  |  |  | $ | 6,359 | 
|                                                                   |  |   |  | Process Fab (interest rate includes PIK interest of 3%)                |  | Term loan                                          |  | 04/17/08        |    | 04/05/15     |  |             | 1  |   |               |  | 3     | %                |  |   | 14.00               | % |  | $                                    | 270    |   |          |   |        |           |  | $ | 4,770  |  |  | $ | 4,735 | 
|                                                                   |  | + |  | Reel Power (interest rate includes PIK interest of 2%)                 |  | Term loan                                          |  | 08/04/08        |    | 02/04/14     |  |             | 1  |   |               |  | 2     | %                |  |   | 14.00               | % |  | $                                    | 86     |   |          |   |        |           |  | $ | 3,586  |  |  | $ | 3,586 | 
|                                                                   |  |   |  | Aeration                                                               |  | Term loan                                          |  | 12/31/10        |    | 06/30/16     |  |             | 1  |   |               |  | 2     | %                |  |   | 18.00               | % |  | $                                    | 0      |   |          | $ | 3,200  |           |  | $ | 3,200  |  |  | $ | 3,210 | 
|                                                                   |  |   |  | Motion Tech (interest rate includes PIK interest of 6%)                |  | Term loan                                          |  | 12/23/10        |    | 12/23/15     |  |             | 1  |   |               |  | 2     | %                |  |   | 18.00               | % |  | $                                    | 4      |   |          | $ | 3,000  |           |  | $ | 3,004  |  |  | $ | 3,011 | 
|                                                                   |  | + |  | PACA Foods                                                             |  | Term loan                                          |  | 12/31/10        |    | 12/31/15     |  |             | 1  |   |               |  | 1     | %                |  |   | 14.00               | % |  | $                                    | 0      |   |          | $ | 1,500  |           |  | $ | 1,500  |  |  | $ | 1,498 | 
|                                                                   |  | + |  | PACA Foods                                                             |  | Term loan                                          |  | 12/31/10        |    | 12/31/15     |  |             | 1  |   |               |  | 1     | %                |  |   | 12.00               | % |  | $                                    | 0      |   |          | $ | 1,500  |           |  | $ | 1,500  |  |  | $ | 1,498 | 
|                                                                   |  | + |  | Packaging Specialists (interest rate includes PIK interest of 2%)      |  | Term loan                                          |  | 04/01/08        |    | 04/01/13     |  |             | 1  |   |               |  | 1     | %                |  |   | 14.00               | % |  | $                                    | 62     |   |          |   |        |           |  | $ | 2,062  |  |  | $ | 2,062 | 
|                                                                   |  |   |  | Dynamic Systems (interest rate includes PIK interest of 3.5%)          |  | Term loan                                          |  | 12/23/10        |    | 12/23/17     |  |             | 1  |   |               |  | 1     | %                |  |   | 15.50               | % |  | $                                    | 2      |   |          | $ | 2,000  |           |  | $ | 2,002  |  |  | $ | 2,002 | 
|                                                                   |  | + |  | IGC Technology &                                                       |  | Term loan                                          |  | 10/31/06        |    | 04/30/12     |  |             | 1  |   |               |  | 1     | %                |  |   | 12.00               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 2,000  |  |  | $ | 2,000 | 
|                                                                   |  | + |  | Vermont Composite (interest rate includes PIK interest of 2%)          |  | Term loan                                          |  | 09/20/04        |    | 12/31/11     |  |             | 1  |   |               |  | 1     | %                |  |   | 14.00               | % |  | $                                    | 142    |   |          |   |        |           |  | $ | 1,643  |  |  | $ | 1,643 | 
|                                                                   |  |   |  | Orchard &                                                              |  | Term loan                                          |  | 03/10/99        |    | Matured      |  |             | 1  |   |               |  | 1     | %                |  |   | 13.00               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 1,420  |  |  | $ | 1,420 | 
|                                                                   |  | + |  | American Finishing                                                     |  | Term loan                                          |  | 07/31/06        |    | 07/31/11     |  |             | 1  |   |               |  | 1     | %                |  |   | 12.50               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 1,250  |  |  | $ | 1,250 | 
|                                                                   |  |   |  | Craft Cast (interest rate includes PIK interest of 5%)                 |  | Term loan                                          |  | 08/23/07        |    | 08/23/12     |  |             | 1  |   |               |  | 1     | %                |  |   | 17.00               | % |  | $                                    | 30     |   |          |   |        |           |  | $ | 1,189  |  |  | $ | 1,189 | 
|                                                                   |  | + |  | Waltek (interest rate includes PIK interest of 12%)                    |  | Term loan                                          |  | 03/31/06        |    | 02/28/11     |  |             | 1  |   |               |  | 1     | %                |  |   | 12.00               | % |  | $                                    | 60     |   |          |   |        |           |  | $ | 1,060  |  |  | $ | 1,060 | 
|                                                                   |  | + |  | Door Engineering                                                       |  | Term loan                                          |  | 12/15/04        |    | 12/15/12     |  |             | 1  |   |               |  | *     |                  |  |   | 13.00               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 640    |  |  | $ | 628   | 
|                                                                   |  | + |  | Quaker Bakery                                                          |  | Term loan                                          |  | 10/02/06        |    | 03/02/12     |  |             | 1  |   |               |  | *     |                  |  |   | 12.00               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 300    |  |  | $ | 300   | 
|Professional, Scientific, and Technical Services (1% of the total) |  | + |  | Com-Pak Company & (interest rate includes PIK interest of 7%)          |  | Term loan                                          |  | 10/14/04        |    | 03/29/15     |  |             | 1  |   |               |  | *     |                  |  |   | 10.00               | % |  | $                                    | 93     |   |          |   |        |           |  | $ | 2,406  |  |  | $ | 756   | 
|Retail Trade (1% of the total)                                     |  |   |  | Retail & (interest rate includes PIK interest of 5%)                   |  | Term loan                                          |  | 09/23/97        |    | 10/01/15     |  |             | 1  |   |               |  | *     |                  |  |   | 10.00               | % |  | $                                    | 232    |   |          |   |        |           |  | $ | 846    |  |  | $ | 470   | 
|Wholesale Trade (13% of the total)                                 |  |   |  | Twin-Star (interest rate includes PIK interest of 1%)                  |  | Term loan                                          |  | 06/01/07        |    | 04/24/14     |  |             | 1  |   |               |  | 2     | %                |  |   | 13.00               | % |  | $                                    | 46     |   |          |   |        |           |  | $ | 4,046  |  |  | $ | 4,046 | 
|                                                                   |  | + |  | I-Deal Optics Holdings                                                 |  | Term loan                                          |  | 12/19/08        |    | 12/19/13     |  |             | 1  |   |               |  | 1     | %                |  |   | 14.00               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 2,000  |  |  | $ | 1,997 | 
|                                                                   |  | + |  | Las Olas &                                                             |  | Term loan                                          |  | 03/31/08        |    | 03/31/13     |  |             | 1  |   |               |  | 1     | %                |  |   | 16.00               | % |  | $                                    | 0      |   |          |   |        |           |  | $ | 2,568  |  |  | $ | 1,189 | 
|                                                                   |  |   |  |                                                                        |  |                                                    |  |                 |    |              |  |             |    |   |               |  |       |                  |  |   |                     |   |  |                                      |        |   |          |   |        |           |  |   |        |  |  |   |       | 
|Total secured mezzanine
(2)                                        |  |   |  |                                                                        |  |                                                    |  |                 | 33 |              |  |             | 35 | % |               |  | 14.41 | %                |  | $ | 3,796               |   |  | $                                    | 14,939 |   |          | $ | 68,299 |           |  | $ | 57,376 | 
|                                                                   |  |   |  |                                                                        |  |                                                    |  |                 |    |              |  |             |    |   |               |  |       |                  |  |   |                     |   |  |                                      |        |   |          |   |        |           |  |   |        |  |  |   |       | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                                                                  |  |                                   |  |                                                      |   |                  |  |                          |  |             |  |          |               |  |   |                  |  |  |                     |   |  |                                      |      |   |          |   |   |           |  |   |     |  |  |    |       |   |  |    |       |  
|----------------------------------------------------------------- |  | --------------------------------- |  | ---------------------------------------------------- | - | ---------------- |  | ------------------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- | - |  | ------------------------------------ | ---- | - | -------- | - | - | --------- |  | - | --- |  |  | -- | ----- | - |  | -- | ----- | -
|(Dollars in thousands)                                            |  | Obligor Name                      |  | Security Type (all restricted unlessotherwise noted) |   | Acquisition Date |  | Maturity Date            |  | # ofInvest. |  |          | % ofNetAssets |  |   | InterestRate (1) |  |  | CapitalizedInterest |   |  | Original Cost 
of2010Acquisitions(5) |      |   | Cost (4) |   |   | FairValue | 
|Asset-based (85% New York, 9% New Jersey and 6% all other states) |  |                                   |  |                                                      |   |                  |  |                          |  |             |  |          |               |  |   |                  |  |  |                     |   |  |                                      |      |   |          |   |   |           |  |   |     |  |  |    |       |   |  |   
|Administrative and Support Services (5% of the total)             |  | Hhcny, Inc.                       |  |                                                      |   |                  |  | Revolving line of credit |  | 06/22/04    |  | 06/22/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $  | 293   |   |  | $  | 272   |  
|                                                                  |  | Raritan Building Service Corp     |  |                                                      |   |                  |  | Revolving line of credit |  | 06/30/07    |  | 06/30/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $  | 205   |   |  | $  | 194   |  
|Construction (5% of the total)                                    |  | Triple A. Supplies, Inc.          |  |                                                      | # | #                |  | Revolving line of credit |  | 07/20/99    |  | 07/20/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 617   |   |  | $  | 608   |  
|                                                                  |  | Basic / Dritac                    |  |                                                      |   |                  |  | Revolving line of credit |  | 06/29/99    |  | 06/29/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | ($ | 129   | ) |  | ($ | 129   | )
|Finance and Insurance (6% of the total)                           |  | Merchant Advance, Llc             |  |                                                      |   |                  |  | Revolving line of credit |  | 10/25/05    |  | 10/25/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $  | 250   |   |  | $  | 203   |  
|                                                                  |  | Us Military                       |  |                                                      |   |                  |  | Revolving line of credit |  | 07/25/07    |  | 07/25/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 4.25 | % |          | $ | 0 |           |  |   |     |  |  | $  | 109   |   |  | $  | 93    |  
|                                                                  |  | Ras Group, Inc.                   |  |                                                      |   |                  |  | Revolving line of credit |  | 02/14/08    |  | 02/01/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $  | 81    |   |  | $  | 80    |  
|                                                                  |  | United First Federal Corp.        |  |                                                      |   |                  |  | Revolving line of credit |  | 08/04/03    |  | 08/04/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 7.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 80    |   |  | $  | 79    |  
|                                                                  |  | Special Financing Company, Llc    |  |                                                      |   |                  |  | Revolving line of credit |  | 02/06/02    |  | 02/06/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 8.25 | % |          | $ | 0 |           |  |   |     |  |  | $  | 78    |   |  | $  | 77    |  
|Health Care and Social Assistance (7% of the total)               |  | Heart To Heart Home Care          |  |                                                      | # | #                |  | Revolving line of credit |  | 10/02/07    |  | 10/02/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $  | 568   |   |  | $  | 548   |  
|                                                                  |  | Tri-Borough Home Care, Ltd        |  |                                                      |   |                  |  | Revolving line of credit |  | 12/01/10    |  | 12/01/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.00 | % |          | $ | 0 |           |  | $ | 184 |  |  | $  | 184   |   |  | $  | 164   |  
|Manufacturing (5% of the total)                                   |  | Grinnell Concrete Pavingstones    |  |                                                      | # | #                |  | Revolving line of credit |  | 06/01/05    |  | 06/01/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 119   |   |  | $  | 117   |  
|                                                                  |  | Fine Line Graphics, Inc.          |  |                                                      |   |                  |  | Revolving line of credit |  | 11/29/05    |  | 11/29/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.50 | % |          | $ | 0 |           |  |   |     |  |  | $  | 122   |   |  | $  | 95    |  
|                                                                  |  | Summit Steel & Manufacturing      |  |                                                      |   |                  |  | Revolving line of credit |  | 08/01/08    |  | 08/01/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 73    |   |  | $  | 52    |  
|                                                                  |  | Matthew Die Division Llc          |  |                                                      |   |                  |  | Revolving line of credit |  | 02/18/10    |  | 02/18/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 69  |  |  | $  | 48    |   |  | $  | 50    |  
|                                                                  |  | Jlm Couture Inc.                  |  |                                                      |   |                  |  | Revolving line of credit |  | 06/22/10    |  | 06/22/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 11    |   |  | $  | 11    |  
|                                                                  |  | Douglass Industries, Inc.         |  |                                                      | # | #                |  | Revolving line of credit |  | 07/07/04    |  | 07/07/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $  | 4     |   |  | $  | 2     |  
|                                                                  |  | Absecon Mills, Inc.               |  |                                                      |   |                  |  | Revolving line of credit |  | 07/07/04    |  | 07/07/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  |   |     |  |  | $  | 2     |   |  | ($ | 7     | )
|Real Estate and Rental and Leasing (0% of the total)              |  | A-1 First Class                   |  |                                                      |   |                  |  | Revolving line of credit |  | 09/07/10    |  | 09/07/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 6.25 | % |          | $ | 0 |           |  | $ | 14  |  |  | $  | 0     |   |  | $  | 2     |  
|Retail Trade (12% of the total)                                   |  | Cnc Associated N.Y.               |  |                                                      |   |                  |  | Revolving line of credit |  | 07/24/01    |  | 07/24/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 652   |   |  | $  | 642   |  
|                                                                  |  | The Dependable Food Corp.         |  |                                                      |   |                  |  | Revolving line of credit |  | 10/19/98    |  | 10/19/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 4.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 202   |   |  | $  | 199   |  
|                                                                  |  | I & E Tire Corp.                  |  |                                                      | # | #                |  | Revolving line of credit |  | 12/21/98    |  | 12/21/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 176   |   |  | $  | 173   |  
|                                                                  |  | Cyrus R. Fox, Inc.                |  |                                                      | # | #                |  | Revolving line of credit |  | 08/31/06    |  | 08/31/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 125   |   |  | $  | 101   |  
|                                                                  |  | Colt, Inc.                        |  |                                                      |   |                  |  | Revolving line of credit |  | 10/12/04    |  | 10/12/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.71 | % |          | $ | 0 |           |  |   |     |  |  | $  | 56    |   |  | $  | 51    |  
|                                                                  |  | Kadouri International Foods, Inc. |  |                                                      |   |                  |  | Revolving line of credit |  | 03/09/05    |  | 03/09/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 3.25 | % |          | $ | 0 |           |  |   |     |  |  | ($ | 56    | ) |  | ($ | 67    | )
|Transportation and Warehousing (17% of the total)                 |  | Fleet Radio Dispatch Corp.        |  |                                                      | # | #                |  | Revolving line of credit |  | 12/31/01    |  | 12/31/11 |               |  | 1 |                  |  |  | 1                   | % |  |                                      | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $  | 812   |   |  | $  | 826   |  
|                                                                  |  | Communicar Incorporated           |  |                                                      | # | #                |  | Revolving line of credit |  | 02/06/04    |  | 02/06/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 7.25 | % |          | $ | 0 |           |  |   |     |  |  | $  | 660   |   |  | $  | 650   |  
|                                                                  |  | Chauffeured Services Unlimited    |  |                                                      |   |                  |  | Revolving line of credit |  | 05/02/06    |  | 05/02/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 8.00 | % |          | $ | 0 |           |  |   |     |  |  | $  | 109   |   |  | $  | 108   |  
|                                                                  |  | Big Daddy Drayage, Inc.           |  |                                                      |   |                  |  | Revolving line of credit |  | 10/18/06    |  | 10/18/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 117   |   |  | $  | 97    |  
|                                                                  |  | Luxury Worldwide                  |  |                                                      |   |                  |  | Revolving line of credit |  | 07/20/07    |  | 07/20/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 7     |   |  | ($ | 1     | )
|Wholesale Trade (47% of the total)                                |  | Capitalsea, Llc                   |  |                                                      | # | #                |  | Revolving line of credit |  | 11/07/05    |  | 11/07/11 |               |  | 1 |                  |  |  | 1                   | % |  |                                      | 4.50 | % |          | $ | 0 |           |  |   |     |  |  | $  | 2,045 |   |  | $  | 1,996 |  
|                                                                  |  | Newburg Egg Corp.                 |  |                                                      | # | #                |  | Revolving line of credit |  | 03/16/99    |  | 03/16/11 |               |  | 1 |                  |  |  | 1                   | % |  |                                      | 6.00 | % |          | $ | 0 |           |  |   |     |  |  | $  | 1,344 |   |  | $  | 1,324 |  
|                                                                  |  | Atlantic Veal & Lamb, Inc.        |  |                                                      | # | #                |  | Revolving line of credit |  | 08/15/01    |  | 08/15/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.50 | % |          | $ | 0 |           |  |   |     |  |  | $  | 664   |   |  | $  | 655   |  
|                                                                  |  | Pride Of Neptune, Inc.            |  |                                                      | # | #                |  | Revolving line of credit |  | 01/14/02    |  | 01/14/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 4.75 | % |          | $ | 0 |           |  |   |     |  |  | $  | 211   |   |  | $  | 208   |  
|                                                                  |  | Rel International                 |  |                                                      |   |                  |  | Revolving line of credit |  | 04/11/07    |  | 04/11/11 |               |  | 1 |                  |  |  | *                   |   |  |                                      | 5.25 | % |          | $ | 0 |           |  |   |     |  |  | $  | 162   |   |  | $  | 150   |  



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                                                                              |  |                                |  |                                                      |   |                  |  |                          |  |             |  |          |               |   |   |                  |  |      |                     |   |   |                                      |       |   |          |     |   |           |   |        |       |  |   |       |       |   |  |    |       |  
|----------------------------------------------------------------------------- |  | ------------------------------ |  | ---------------------------------------------------- | - | ---------------- |  | ------------------------ |  | ----------- |  | -------- | ------------- | - | - | ---------------- |  | ---- | ------------------- | - | - | ------------------------------------ | ----- | - | -------- | --- | - | --------- | - | ------ | ----- |  | - | ----- | ----- | - |  | -- | ----- | -
|(Dollars in thousands)                                                        |  | Obligor Name                   |  | Security Type (all restricted unlessotherwise noted) |   | Acquisition Date |  | Maturity Date            |  | # ofInvest. |  |          | % ofNetAssets |   |   | InterestRate (1) |  |      | CapitalizedInterest |   |   | Original Cost 
of2010Acquisitions(5) |       |   | Cost (4) |     |   | FairValue |  
|                                                                              |  | Plymouth Rock Fuel Corp        |  |                                                      |   |                  |  | Revolving line of credit |  | 11/16/10    |  | 11/16/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 5.75  | % |          | $   | 0 |           |   | $      | 237   |  |   | $     | 100   |   |  | $  | 77    |  
|                                                                              |  | Banner Smoked Fish, Inc.       |  |                                                      | # | #                |  | Revolving line of credit |  | 03/27/01    |  | 03/27/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 5.25  | % |          | $   | 0 |           |   |        |       |  |   | $     | 53    |   |  | $  | 52    |  
|                                                                              |  | Magic Moments                  |  |                                                      |   |                  |  | Revolving line of credit |  | 01/23/08    |  | 01/23/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 6.75  | % |          | $   | 0 |           |   |        |       |  |   | $     | 45    |   |  | $  | 43    |  
|                                                                              |  | Medicom Llc                    |  |                                                      |   |                  |  | Revolving line of credit |  | 07/28/10    |  | 07/28/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 5.75  | % |          | $   | 0 |           |   | $      | 80    |  |   | $     | 38    |   |  | $  | 33    |  
|                                                                              |  | Two Cousins Fish Market, Inc.  |  |                                                      |   |                  |  | Revolving line of credit |  | 01/23/99    |  | 01/23/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 5.25  | % |          | $   | 0 |           |   |        |       |  |   | ($    | 2     | ) |  | ($ | 2     | )
|                                                                              |  | Zzy Distributors Inc           |  |                                                      |   |                  |  | Revolving line of credit |  | 03/25/09    |  | 03/25/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 6.75  | % |          | $   | 0 |           |   |        |       |  |   | ($    | 1     | ) |  | ($ | 3     | )
|                                                                              |  |                                |  |                                                      |   |                  |  |                          |  |             |  |          |               |   |   |                  |  |      |                     |   |   |                                      |       |   |          |     |   |           |   |        |       |  |   |       |       |   |  |    |       |  
|Total asset-based ($7,177 pledged as collateral under borrowing arrangements) |  |                                |  |                                                      |   |                  |  |                          |  | 41          |  |          |               | 6 | % |                  |  | 5.73 | %                   |   | $ | 0                                    |       |   | $        | 583 |   |           | $ | 10,234 |       |  | $ | 9,824 |      
|                                                                              |  |                                |  |                                                      |   |                  |  |                          |  |             |  |          |               |   |   |                  |  |      |                     |   |   |                                      |       |   |          |     |   |           |   |        |       |  |   |       |       |   |  |    |       |  
|Other secured commercial (86% New York, 12% New Jersey and 2% Illinois)       |  |                                |  |                                                      |   |                  |  |                          |  |             |  |          |               |   |   |                  |  |      |                     |   |   |                                      |       |   |          |     |   |           |   |        |       |  |   |       |       |   |  |   
|Accommodation and Food Services (46% of the total)                            |  | Dune Deck Owners Corp          |  |                                                      | # | #                |  | Term loan                |  | 04/24/07    |  | 03/31/11 |               |   | 1 |                  |  |      | 2                   | % |   |                                      | 4.25  | % |          | $   | 0 |           |   |        |       |  |   | $     | 3,097 |   |  | $  | 3,090 |  
|                                                                              |  | Antonio De Los Santos &        |  |                                                      |   |                  |  | Term loan                |  | 12/08/08    |  | 12/08/15 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 10.00 | % |          | $   | 0 |           |   |        |       |  |   | $     | 487   |   |  | $  | 383   |  
|                                                                              |  | El Tropico Family Rest Ii Llc  |  |                                                      |   |                  |  | Term loan                |  | 11/29/05    |  | 11/18/12 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 10.75 | % |          | $   | 0 |           |   |        |       |  |   | $     | 317   |   |  | $  | 317   |  
|                                                                              |  | Cardenas Corp                  |  |                                                      |   |                  |  | Term loan                |  | 07/29/08    |  | 07/29/14 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 10.50 | % |          | $   | 0 |           |   |        |       |  |   | $     | 278   |   |  | $  | 276   |  
|                                                                              |  | Pc One Inc Dba The Willett Hou |  |                                                      |   |                  |  | Term loan                |  | 05/25/05    |  | 12/25/12 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 8.50  | % |          | $   | 0 |           |   |        |       |  |   | $     | 205   |   |  | $  | 205   |  
|                                                                              |  | Dna Restaurant Corp            |  |                                                      |   |                  |  | Term loan                |  | 07/14/06    |  | 10/14/12 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 12.50 | % |          | $   | 0 |           |   |        |       |  |   | $     | 78    |   |  | $  | 78    |  
|                                                                              |  | Biscayne Plaza Development Inc |  |                                                      |   |                  |  | Term loan                |  | 08/21/03    |  | 03/03/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 8.75  | % |          | $   | 0 |           |   |        |       |  |   | $     | 37    |   |  | $  | 37    |  
|                                                                              |  | Pc One Inc/Fsv                 |  |                                                      |   |                  |  | Term loan                |  | 05/25/05    |  | 12/25/12 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 8.50  | % |          |     |   |           |   |        |       |  |   | $     | 35    |   |  | $  | 35    |  
|                                                                              |  | El Tropico Family Rest Ii/B No |  |                                                      |   |                  |  | Term loan                |  | 12/23/08    |  | 06/23/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 11.00 | % |          | $   | 0 |           |   |        |       |  |   | $     | 11    |   |  | $  | 11    |  
|Arts, Entertainment, and Recreation (4% of the total)                         |  | Prompt Appraisals Inc          |  |                                                      |   |                  |  | Term loan                |  | 01/24/07    |  | 05/28/15 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 6.50  | % |          | $   | 0 |           |   |        |       |  |   | $     | 396   |   |  | $  | 396   |  
|Other Services (except Public Administration) (6% of the total)               |  | Triple A Super Laundromat Inc  |  |                                                      |   |                  |  | Term loan                |  | 03/15/06    |  | 06/22/13 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 6.50  | % |          | $   | 0 |           |   |        |       |  |   | $     | 200   |   |  | $  | 195   |  
|                                                                              |  | Newco Laundry Systems I Inc    |  |                                                      |   |                  |  | Term loan                |  | 05/02/09    |  | 05/02/14 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 6.50  | % |          | $   | 0 |           |   |        |       |  |   | $     | 180   |   |  | $  | 180   |  
|                                                                              |  | 2617 S Wabash Ave Realty Llc   |  |                                                      |   |                  |  | Term loan                |  | 01/16/04    |  | 01/16/14 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 5.50  | % |          | $   | 0 |           |   |        |       |  |   | $     | 164   |   |  | $  | 164   |  
|                                                                              |  | Crown Clnrs Miami Lks/Ln#1/Elk |  |                                                      |   |                  |  | Term loan                |  | 05/05/04    |  | 05/05/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 5.00  | % |          | $   | 0 |           |   |        |       |  |   | $     | 4     |   |  | $  | 4     |  
|                                                                              |  | Cleaners Of North Beach/Elk    |  |                                                      |   |                  |  | Term loan                |  | 04/29/04    |  | 04/29/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 4.50  | % |          | $   | 0 |           |   |        |       |  |   | $     | 2     |   |  | $  | 2     |  
|                                                                              |  | Crown Clnrs Miami Lks/Ln#1/Elk |  |                                                      |   |                  |  | Term loan                |  | 05/05/04    |  | 05/05/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 5.00  | % |          | $   | 0 |           |   |        |       |  |   | $     | 1     |   |  | $  | 1     |  
|Real Estate and Rental and Leasing (4% of the total)                          |  | Brianna Ventures Llc           |  |                                                      | # | #                |  | Term loan                |  | 03/11/05    |  | 06/29/15 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 7.00  | % |          | $   | 0 |           |   |        |       |  |   | $     | 216   |   |  | $  | 215   |  
|                                                                              |  | Rala Management                |  |                                                      |   |                  |  | Term loan                |  | 04/22/99    |  | 09/01/15 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 5.50  | % |          | $   | 0 |           |   |        |       |  |   | $     | 150   |   |  | $  | 150   |  
|                                                                              |  | Thursday Morning Inc           |  |                                                      |   |                  |  | Term loan                |  | 04/01/10    |  | 04/01/15 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 6.00  | % |          | $   | 0 |           |   | $      | 1,640 |  |   | $     | 80    |   |  | $  | 68    |  
|Retail Trade (31% of the total)                                               |  | Red Hook Meat Corp             |  |                                                      |   |                  |  | Term loan                |  | 09/24/07    |  | 03/14/13 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 11.50 | % |          | $   | 0 |           |   |        |       |  |   | $     | 604   |   |  | $  | 602   |  
|                                                                              |  | 516 Realty Corp &              |  |                                                      |   |                  |  | Term loan                |  | 03/18/04    |  | 12/17/14 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 8.50  | % |          | $   | 0 |           |   |        |       |  |   | $     | 379   |   |  | $  | 377   |  
|                                                                              |  | Mario E Mora &                 |  |                                                      |   |                  |  | Term loan                |  | 12/23/08    |  | 12/23/13 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 12.00 | % |          | $   | 0 |           |   |        |       |  |   | $     | 287   |   |  | $  | 283   |  
|                                                                              |  | Drr Enterprises Llc            |  |                                                      |   |                  |  | Term loan                |  | 10/28/08    |  | 10/17/13 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 11.00 | % |          | $   | 0 |           |   |        |       |  |   | $     | 218   |   |  | $  | 217   |  
|                                                                              |  | Antillana Supermarket Corp &   |  |                                                      |   |                  |  | Term loan                |  | 12/11/08    |  | 12/11/14 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 10.50 | % |          | $   | 0 |           |   |        |       |  |   | $     | 191   |   |  | $  | 190   |  
|                                                                              |  | 39-04 Skillman Llc             |  |                                                      |   |                  |  | Term loan                |  | 07/05/06    |  | 07/05/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 7.85  | % |          | $   | 0 |           |   |        |       |  |   | $     | 178   |   |  | $  | 178   |  
|                                                                              |  | New Era Meat Supermarket Llc   |  |                                                      |   |                  |  | Term loan                |  | 09/13/06    |  | 09/13/11 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 12.00 | % |          | $   | 0 |           |   |        |       |  |   | $     | 157   |   |  | $  | 157   |  
|                                                                              |  | Mi Favorita Food Corp &        |  |                                                      |   |                  |  | Term loan                |  | 08/13/09    |  | 08/13/12 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 9.25  | % |          | $   | 0 |           |   |        |       |  |   | $     | 154   |   |  | $  | 155   |  
|                                                                              |  | East Bronx Food Corp           |  |                                                      |   |                  |  | Term loan                |  | 04/23/08    |  | 04/23/13 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 11.00 | % |          | $   | 0 |           |   |        |       |  |   | $     | 138   |   |  | $  | 137   |  
|                                                                              |  | Moderne Barn Wines&Spirits Inc |  |                                                      |   |                  |  | Term loan                |  | 12/07/09    |  | 12/07/14 |               |   | 1 |                  |  |      | *                   |   |   |                                      | 7.25  | % |          | $   | 0 |           |   |        |       |  |   | $     | 136   |   |  | $  | 136   |  



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                                                                                                 |  |              |     |                                                      |  |                  |    |                              |  |             |       |          |               |   |       |                  |  |   |                     |   |  |                                      |        |   |          |   |        |           |  |   |     |  |  |   |        |  |  |   |        | 
|------------------------------------------------------------------------------------------------ |  | ------------ | --- | ---------------------------------------------------- |  | ---------------- | -- | ---------------------------- |  | ----------- | ----- | -------- | ------------- | - | ----- | ---------------- |  | - | ------------------- | - |  | ------------------------------------ | ------ | - | -------- | - | ------ | --------- |  | - | --- |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands)                                                                           |  | Obligor Name |     | Security Type(all 
restricted unlessotherwise noted) |  | Acquisition Date |    | Maturity Date                |  | # ofInvest. |       |          | % ofNetAssets |   |       | InterestRate (1) |  |   | CapitalizedInterest |   |  | Original Cost 
of2010Acquisitions(5) |        |   | Cost (4) |   |        | FairValue | 
|                                                                                                 |  |              |     | G&C Grocery Inc &                                    |  |                  |    | Term loan                    |  | 05/19/08    |       | 05/25/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 8.75   | % |          | $ | 0      |           |  |   |     |  |  | $ | 211    |  |  | $ | 119    | 
|                                                                                                 |  |              |     | J&E Meat Corp                                        |  |                  |    | Term loan                    |  | 08/23/05    |       | 11/23/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 11.25  | % |          | $ | 0      |           |  |   |     |  |  | $ | 116    |  |  | $ | 116    | 
|                                                                                                 |  |              |     | Salomon Deli Grocery Corp                            |  |                  |    | Term loan                    |  | 05/19/08    |       | 05/19/13 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 10.75  | % |          | $ | 0      |           |  |   |     |  |  | $ | 97     |  |  | $ | 96     | 
|                                                                                                 |  |              |     | Julio Castillo                                       |  |                  |    | Term loan                    |  | 08/18/08    |       | 08/18/13 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 10.50  | % |          | $ | 0      |           |  |   |     |  |  | $ | 96     |  |  | $ | 95     | 
|                                                                                                 |  |              |     | Antillana Supermarket Corp                           |  |                  |    | Term loan                    |  | 02/01/08    |       | 02/01/13 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 11.75  | % |          | $ | 0      |           |  |   |     |  |  | $ | 89     |  |  | $ | 89     | 
|                                                                                                 |  |              |     | Antillana Supermarket Corp                           |  |                  |    | Term loan                    |  | 08/22/07    |       | 08/22/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 12.75  | % |          | $ | 0      |           |  |   |     |  |  | $ | 82     |  |  | $ | 82     | 
|Transportation and Warehousing (9% of the total)                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 08/25/10    |       | 08/18/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.00   | % |          | $ | 0      |           |  | $ | 138 |  |  | $ | 116    |  |  | $ | 118    | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 07/14/10    |       | 07/12/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.00   | % |          | $ | 0      |           |  | $ | 92  |  |  | $ | 74     |  |  | $ | 76     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 12/08/10    |       | 12/06/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.00   | % |          | $ | 0      |           |  | $ | 70  |  |  | $ | 70     |  |  | $ | 73     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 06/11/10    |       | 06/08/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.00   | % |          | $ | 0      |           |  | $ | 92  |  |  | $ | 70     |  |  | $ | 72     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 11/01/10    |       | 10/28/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.00   | % |          | $ | 0      |           |  | $ | 70  |  |  | $ | 67     |  |  | $ | 70     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 07/26/10    |       | 07/22/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.00   | % |          | $ | 0      |           |  | $ | 69  |  |  | $ | 55     |  |  | $ | 57     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 10/07/10    |       | 10/05/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.00   | % |          | $ | 0      |           |  | $ | 46  |  |  | $ | 42     |  |  | $ | 44     | 
|                                                                                                 |  |              |     | Mcguinness Management Corp                           |  |                  |    | Term loan                    |  | 09/01/10    |       | 09/01/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.50   | % |          | $ | 0      |           |  | $ | 50  |  |  | $ | 41     |  |  | $ | 43     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 06/21/10    |       | 06/14/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.00   | % |          | $ | 0      |           |  | $ | 46  |  |  | $ | 35     |  |  | $ | 37     | 
|                                                                                                 |  |              |     | Pro-Serve Auto Care Inc                              |  |                  |    | Term loan                    |  | 12/02/10    |       | 11/22/13 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.50   | % |          | $ | 0      |           |  | $ | 30  |  |  | $ | 29     |  |  | $ | 31     | 
|                                                                                                 |  |              |     | Fa Management Inc                                    |  |                  |    | Term loan                    |  | 10/06/08    |       | 04/02/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 7.00   | % |          | $ | 0      |           |  |   |     |  |  | $ | 24     |  |  | $ | 24     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 12/11/09    |       | 12/09/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.25   | % |          | $ | 0      |           |  |   |     |  |  | $ | 24     |  |  | $ | 24     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 12/08/09    |       | 12/04/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.25   | % |          | $ | 0      |           |  |   |     |  |  | $ | 24     |  |  | $ | 24     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 09/15/10    |       | 09/15/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.00   | % |          | $ | 0      |           |  | $ | 23  |  |  | $ | 20     |  |  | $ | 22     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 01/15/10    |       | 01/12/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.25   | % |          | $ | 0      |           |  | $ | 23  |  |  | $ | 13     |  |  | $ | 13     | 
|                                                                                                 |  |              |     | Pro-Serve Auto Care Inc                              |  |                  |    | Term loan                    |  | 05/22/08    |       | 05/16/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.50   | % |          | $ | 0      |           |  |   |     |  |  | $ | 12     |  |  | $ | 13     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 12/01/09    |       | 11/17/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.25   | % |          | $ | 0      |           |  |   |     |  |  | $ | 12     |  |  | $ | 12     | 
|                                                                                                 |  |              |     | Pro-Serve Auto Care Inc                              |  |                  |    | Term loan                    |  | 10/14/08    |       | 10/02/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 7.00   | % |          | $ | 0      |           |  |   |     |  |  | $ | 11     |  |  | $ | 12     | 
|                                                                                                 |  |              |     | Pro-Serve Auto Care Inc                              |  |                  |    | Term loan                    |  | 07/23/08    |       | 07/18/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.50   | % |          | $ | 0      |           |  |   |     |  |  | $ | 11     |  |  | $ | 11     | 
|                                                                                                 |  |              |     | United Management Group Inc                          |  |                  |    | Term loan                    |  | 11/04/09    |       | 11/02/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.25   | % |          | $ | 0      |           |  |   |     |  |  | $ | 11     |  |  | $ | 11     | 
|                                                                                                 |  |              |     | Pro-Serve Auto Care Inc                              |  |                  |    | Term loan                    |  | 05/22/08    |       | 05/16/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.50   | % |          | $ | 0      |           |  |   |     |  |  | $ | 11     |  |  | $ | 11     | 
|                                                                                                 |  |              |     | Pro-Serve Auto Care Inc                              |  |                  |    | Term loan                    |  | 07/07/09    |       | 06/19/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.50   | % |          | $ | 0      |           |  |   |     |  |  | $ | 8      |  |  | $ | 8      | 
|                                                                                                 |  |              |     | Pro-Serve Auto Care Inc                              |  |                  |    | Term loan                    |  | 06/08/09    |       | 05/26/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.50   | % |          | $ | 0      |           |  |   |     |  |  | $ | 7      |  |  | $ | 7      | 
|                                                                                                 |  |              |     | Pro-Serve Auto Care Inc                              |  |                  |    | Term loan                    |  | 06/08/09    |       | 05/26/12 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.50   | % |          | $ | 0      |           |  |   |     |  |  | $ | 7      |  |  | $ | 7      | 
|                                                                                                 |  |              |     | Pro-Serve Auto Care Inc                              |  |                  |    | Term loan                    |  | 06/10/08    |       | 06/06/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 6.50   | % |          | $ | 0      |           |  |   |     |  |  | $ | 6      |  |  | $ | 6      | 
|                                                                                                 |  |              |     | Queens Medallion Leasing Inc                         |  |                  |    | Term loan                    |  | 02/19/08    |       | 02/19/11 |               |   | 1     |                  |  |   | *                   |   |  |                                      | 7.25   | % |          | $ | 0      |           |  |   |     |  |  | $ | 2      |  |  | $ | 2      | 
|                                                                                                 |  |              |     |                                                      |  |                  |    |                              |  |             |       |          |               |   |       |                  |  |   |                     |   |  |                                      |        |   |          |   |        |           |  |   |     |  |  |   |        |  |  |   |        | 
|Total other secured commercial loans ($3,313 pledged as collateral under borrowing
arrangements) |  |              | 61  |                                                      |  |                  | 6  | %                            |  |             | 7.50  | %        |               | $ | 0     |                  |  | $ | 2,389               |   |  | $                                    | 9,873  |   |          | $ | 9,667  |          
|                                                                                                 |  |              |     |                                                      |  |                  |    |                              |  |             |       |          |               |   |       |                  |  |   |                     |   |  |                                      |        |   |          |   |        |           |  |   |     |  |  |   |        |  |  |   |        | 
|Total commercial loans ($10,490 pledged as collateral under borrowing arrangements)(2)           |  |              | 135 |                                                      |  |                  | 47 | %                            |  |             | 12.63 | %        |               | $ | 3,796 |                  |  | $ | 17,912              |   |  | $                                    | 88,406 |   |          | $ | 76,866 |          
|                                                                                                 |  |              |     |                                                      |  |                  |    |                              |  |             |       |          |               |   |       |                  |  |   |                     |   |  |                                      |        |   |          |   |        |           |  |   |     |  |  |   |        |  |  |   |        | 
|                                                                                                 |  |              |     |                                                      |  |                  |    |                             
|Investment in Medallion Bank and other controlled subsidiaries                                   |  |              |     |                                                      |  |                  |    |                              |  |             |       |          |               |   |       |                  |  |   |                     |   |  |                                      |        |   |          |   |        |           |  |  
|Commercial Banking                                                                               |  |              |     | Medallion Bank                                       |  |                  |    | 100% of common stock         |  | 05/16/02    |       | None     |               |   | 1     |                  |  |   | 45                  | % |  |                                      | 5.41   | % |          | $ | 0      |           |  |   |     |  |  | $ | 74,008 |  |  | $ | 74,008 | 
|Real Estate                                                                                      |  |              |     | Medallion Hamptons Holding LLC                       |  |                  |    | 100% of membership interests |  | 06/21/05    |       | None     |               |   | 1     |                  |  |   | 2                   | % |  |                                      | 0.00   | % |          | $ | 0      |           |  |   |     |  |  | $ | 2,261  |  |  | $ | 3,650  | 
|Advertising                                                                                      |  |              |     | Generation Outdoor, Inc.                             |  |                  |    | 100% of common stock         |  | 12/20/04    |       | None     |               |   | 1     |                  |  |   | 1                   | % |  |                                      | 0.00   | % |          | $ | 0      |           |  |   |     |  |  | $ | 1,044  |  |  | $ | 1,044  | 
|Loan Servicing                                                                                   |  |              |     | Medallion Servicing Corp.                            |  |                  |    | 100% of common stock         |  | 11/05/10    |       | None     |               |   | 1     |                  |  |   | *                   |   |  |                                      | 0.00   | % |          | $ | 0      |           |  |   |     |  |  | $ | 33     |  |  | $ | 33     | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010



|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  |                  |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|-------------------------------------------------------------------------------- |  | ---------------------------------------------- | - | ----------------------------------------------------- |  | ---------------- | -------- | - | ------------- | ---- | ----------- | - | -- | ------------- | - |  | ---------------- | ----- |  | ------------------- | ---- | ------- | ------------------------------------ | - | - | -------- | ------ | - | --------- | ------- |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands)                                                           |  | ObligorName                                    |   | Security Type (all restricted unless otherwise noted) |  | Acquisition Date |          |   | Maturity Date |      | # ofInvest. |   |    | % ofNetAssets |   |  | InterestRate (1) |       |  | CapitalizedInterest |      |         | Original Cost 
of2010Acquisitions(5) |   |   | Cost (4) |        |   | FairValue |        
|Investment in Medallion Bank and other controlled subsidiaries, net              |  |                                                | 4 |                                                       |  |                  | 48       | % |               |      | 5.08        | % |    | $             | 0 |  |                  |       |  |                     |      | $       | 77,346                               |   |   | $        | 78,735 |  
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  |                  |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Equity investments                                                               |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  |                  |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Appliance Recycler #                                                             |  | Appliance Recycling Centers of America, Inc.** |   | 8% of common stock                                    |  |                  | 09/10/98 |   |               | None |             |   | 1  |               |   |  | 1                | %     |  |                     | 0.00 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 0     |  |  | $ | 1,389 | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  | *                |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Commercial Finance                                                               |  | Convergent Capital, Ltd                        |   | 7% of limited partnership interest                    |  |                  | 07/20/07 |   |               | None |             |   | 1  |               |   |  | 1                | %     |  |                     | 0.00 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 1,180 |  |  | $ | 1,300 | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  | *                |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Restaurant Service Provider                                                      |  | Restaurant Technologies                        |   | * of common stock                                     |  |                  | 07/24/03 |   |               | None |             |   | 1  |               |   |  | *                |       |  |                     | 0.00 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 990   |  |  | $ | 508   | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  | *                |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Equipment Manufacturing                                                          |  | Aeration Industries International, LLC         |   | 7.25% of limited liability interest                   |  |                  | 12/31/10 |   |               | None |             |   | 1  |               |   |  | *                |       |  |                     | 0.00 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 500   |  |  | $ | 500   | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  | *                |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|NASCAR Race Team                                                                 |  | RPAC Racing, LLC                               |   | 40.8% of limited liability interest                   |  |                  | 11/19/10 |   |               | None |             |   | 1  |               |   |  | *                |       |  |                     | 0.00 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 454   |  |  | $ | 454   | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  | *                |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Machinery Manufacturer                                                           |  | Reel Power International, Inc.                 |   | 2% of common stock                                    |  |                  | 08/04/08 |   |               | None |             |   | 1  |               |   |  | *                |       |  |                     | 0.00 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 318   |  |  | $ | 318   | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  | *                |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Real Estate Investment Trust #                                                   |  | PMC Commercial Trust**                         |   | * of common stock                                     |  |                  | 12/30/10 |   |               | None |             |   | 1  |               |   |  | *                |       |  |                     | 7.55 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 901   |  |  | $ | 276   | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  | *                |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Airport Food and Retail                                                          |  | Star Concessions, Ltd.                         |   | 45% of liimited partnership interest                  |  |                  | 09/23/97 |   |               | None |             |   | 1  |               |   |  | *                |       |  |                     | 0.00 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 40    |  |  | $ | 40    | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  | *                |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Insurance #                                                                      |  | Metlife, Inc.                                  |   | * of common stock                                     |  |                  | 12/30/10 |   |               | None |             |   | 1  |               |   |  | *                |       |  |                     | 1.67 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 5     |  |  | $ | 4     | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  | *                |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Radio Station Broadcasting                                                       |  | On Top                                         |   | * of ownership shares                                 |  |                  | 12/05/02 |   |               | None |             |   | 1  |               |   |  | *                |       |  |                     | 0.00 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 200   |  |  | $ | 0     | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  |                  |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Equity investments, net                                                          |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   | 10 |               |   |  | 3                | %     |  |                     | 1.48 | %       |                                      | $ | 0 |          |        |   |           |         |  | $ | 4,588 |  |  | $ | 4,789 | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  |                  |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Investment securities                                                            |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  |                  |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Investment securities, net                                                       |  |                                                |   |                                                       |  |                  |          |   | 0             |      |             |   | *  |               |   |  | 0.00             | %     |  | $                   | 0    |         |                                      |   |   |          |        | $ | 0         |         |  | $ | 0     | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  |                  |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 
|Net Investments ($257,303 pledged as collateral under borrowing arrangements)(3) |  |                                                |   |                                                       |  | 1,143            |          |   |               | 297  | %           |   |    | 6.89          | % |  | $                | 3,796 |  |                     | $    | 232,548 |                                      |   | $ | 493,170  |        |   | $         | 483,516 | 
|                                                                                 |  |                                                |   |                                                       |  |                  |          |   |               |      |             |   |    |               |   |  |                  |       |  |                     |      |         |                                      |   |   |          |        |   |           |         |  |   |       |  |  |   |       | 



|(1) | Represents the actual or weighted average interest or dividend rate of the respective security or portfolio as of the date indicated. Investments without an interest
rate or with a rate of 0.00% are considered non-income producing.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Included in secured mezzanine commercial loans was $3,796 of interest income capitalized into the outstanding investment balances, in accordance with the terms of the
investment contract.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(3) | The ratio of restricted securities fair value to net assets is 296%.
|--- | --------------------------------------------------------------------

|(4) | Gorss unrealized appreciation, gross unrealized depreciation, and net depreciation for federal income tax purposes totaled $2,898, $12,525, and $9,627, respectively.
The tax cost of investments was $475,314.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | For revolving lines of credit the amount shown is the cost at December 31, 2010.
|--- | --------------------------------------------------------------------------------

|* | Less than 1.0%
|- | --------------

|** | Not an eligible portfolio company as such term is defined in Section 2(a)(46) of the 1940 Act.
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|& | Loan is on nonaccrual status, or past due on contractual payments, and is therefore considered non-income producing.
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|# | Publicly traded but sales subject to applicable Rule 144 limitations.
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|## | Pledged as collateral under borrowing arrangements.
|-- | ---------------------------------------------------

|+ | Includes various warrants, all of which have a cost and fair value of zero at December 31, 2011
|- | -----------------------------------------------------------------------------------------------