Exhibit 99.1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON CONSOLIDATED SCHEDULES OF INVESTMENTS

To the Board of Directors and Shareholders of

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 12, 2013, which is included on page F-2 of the annual report on Form 10-K for the year ended December 31, 2012. We have also audited the consolidated
schedules of investments (the Schedules) as of December 31, 2012 and 2011. 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 12, 2013



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |    |   |                     |  |      |                                       |  |   |           |  |  |           |        |  |  |   |         |  |  |   |         | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | -- | - | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | ------ |  |  | - | ------- |  |  | - | ------- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |    |   | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |       
|Medallion Loans        |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |    |   |                     |  |      |                                       |  |   |           |  |  |           |        |  |  |   |         |  |  |   |         | 
|New York               |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  | 419           |  |  |                  | 96 | % |                     |  | 3.96 | %                                     |  | $ | 0         |  |  | $         | 98,361 |  |  | $ | 208,564 |  |  | $ | 208,563 | 
|                       |  | Lena Cab Corp ##                  |  | Term Loan                                          |  |                 | 12/09/11 |  |              |  | 12/09/15 |             |  |  | 1             |  |  |                  | 2  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 3,680   |  |  | $ | 3,665   | 
|                       |  | Sean Cab Corp ##                  |  | Term Loan                                          |  |                 | 12/09/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 2  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 3,680   |  |  | $ | 3,665   | 
|                       |  | Real Cab Corp                     |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 350     |  |  | $ | 350     | 
|                       |  | Real Cab Corp                     |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 2,545   |  |  | $ | 2,545   | 
|                       |  | Sifnos, Van-Dim, Kitriani Incs ## |  | Term Loan                                          |  |                 | 06/08/10 |  |              |  | 05/01/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 2,524   |  |  | $ | 2,513   | 
|                       |  | Slo Cab Corp                      |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,527   |  |  | $ | 1,527   | 
|                       |  | Slo Cab Corp                      |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 210     |  |  | $ | 210     | 
|                       |  | Lety Cab Corp ##                  |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 10/20/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,605   |  |  | $ | 1,598   | 
|                       |  | Christian Cab Corp                |  | Term Loan                                          |  |                 | 11/27/12 |  |              |  | 11/27/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 1,500  |  |  | $ | 1,500   |  |  | $ | 1,502   | 
|                       |  | Silke Hacking Corp ##             |  | Term Loan                                          |  |                 | 12/26/12 |  |              |  | 12/26/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 1,450  |  |  | $ | 1,450   |  |  | $ | 1,452   | 
|                       |  | Hoyt Cab Corp ##                  |  | Term Loan                                          |  |                 | 12/26/12 |  |              |  | 12/26/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 1,450  |  |  | $ | 1,450   |  |  | $ | 1,452   | 
|                       |  | Bunty & Jyoti Inc ##              |  | Term Loan                                          |  |                 | 12/07/12 |  |              |  | 12/07/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 1,450  |  |  | $ | 1,450   |  |  | $ | 1,446   | 
|                       |  | Sonu-Seema Corp ##                |  | Term Loan                                          |  |                 | 12/07/12 |  |              |  | 12/07/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 1,450  |  |  | $ | 1,450   |  |  | $ | 1,446   | 
|                       |  | Nancy Transit Inc ##              |  | Term Loan                                          |  |                 | 11/06/12 |  |              |  | 11/06/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.15 | %                                     |  | $ | 0         |  |  | $         | 1,425  |  |  | $ | 1,423   |  |  | $ | 1,415   | 
|                       |  | S600 Service Co Inc ##            |  | Term Loan                                          |  |                 | 12/05/12 |  |              |  | 12/05/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 1,400  |  |  | $ | 1,398   |  |  | $ | 1,394   | 
|                       |  | Perem Hacking Corp ##             |  | Term Loan                                          |  |                 | 12/05/12 |  |              |  | 12/05/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 1,400  |  |  | $ | 1,398   |  |  | $ | 1,394   | 
|                       |  | Daytona Hacking Corp ##           |  | Term Loan                                          |  |                 | 06/01/12 |  |              |  | 06/01/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 1,400  |  |  | $ | 1,383   |  |  | $ | 1,385   | 
|                       |  | Uddin Taxi Corp ##                |  | Term Loan                                          |  |                 | 11/14/12 |  |              |  | 11/14/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 1,378  |  |  | $ | 1,378   |  |  | $ | 1,371   | 
|                       |  | Nosilla Service Co., Inc ##       |  | Term Loan                                          |  |                 | 08/13/12 |  |              |  | 08/13/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.63 | %                                     |  | $ | 0         |  |  | $         | 1,350  |  |  | $ | 1,336   |  |  | $ | 1,332   | 
|                       |  | Ming Trans Corp ##                |  | Term Loan                                          |  |                 | 11/19/12 |  |              |  | 12/01/16 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.70 | %                                     |  | $ | 0         |  |  | $         | 1,300  |  |  | $ | 1,300   |  |  | $ | 1,297   | 
|                       |  | Orys Trans Corp ##                |  | Term Loan                                          |  |                 | 09/26/11 |  |              |  | 07/22/13 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,279   |  |  | $ | 1,280   | 
|                       |  | Sandhu & Baath Inc/Note 2 Of 2 ## |  | Term Loan                                          |  |                 | 05/10/11 |  |              |  | 05/10/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 638     |  |  | $ | 636     | 
|                       |  | Sandhu & Baath Inc/Note 1 Of 2 ## |  | Term Loan                                          |  |                 | 05/10/11 |  |              |  | 05/10/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 636     |  |  | $ | 634     | 
|                       |  | Concourse Cab Corp ##             |  | Term Loan                                          |  |                 | 11/09/12 |  |              |  | 11/09/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 1,250  |  |  | $ | 1,249   |  |  | $ | 1,257   | 
|                       |  | Vichy Cab Corp ##                 |  | Term Loan                                          |  |                 | 02/21/12 |  |              |  | 02/21/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 1,250  |  |  | $ | 1,250   |  |  | $ | 1,246   | 
|                       |  | Cafe Service Co Inc ##            |  | Term Loan                                          |  |                 | 11/09/11 |  |              |  | 11/09/16 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.40 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,245   |  |  | $ | 1,241   | 
|                       |  | Januko Transit Inc ##             |  | Term Loan                                          |  |                 | 12/09/11 |  |              |  | 12/09/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,227   |  |  | $ | 1,223   | 
|                       |  | W Mit Trans Corp ##               |  | Term Loan                                          |  |                 | 03/22/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | Brini Transit Inc ##              |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | Daf Cab Corp ##                   |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | Fenway Cab Corp ##                |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | Mamkale Transit Inc ##            |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | Munkach Transit Inc ##            |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | Sabrinush Transit Inc ##          |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | Sapphire Transit Inc ##           |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | Slate Cab Corp ##                 |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | W. Vil Trans Corp ##              |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | Yankl Transit Inc ##              |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,223   |  |  | $ | 1,219   | 
|                       |  | Kby Taxi Inc ##                   |  | Term Loan                                          |  |                 | 09/04/12 |  |              |  | 09/04/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 1,200  |  |  | $ | 1,200   |  |  | $ | 1,197   | 
|                       |  | Anniversary Taxi Corp ##          |  | Term Loan                                          |  |                 | 09/04/12 |  |              |  | 09/04/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 1,200  |  |  | $ | 1,200   |  |  | $ | 1,197   | 
|                       |  | Ride Yellow Llc ##                |  | Term Loan                                          |  |                 | 01/14/11 |  |              |  | 02/15/16 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,200   |  |  | $ | 1,196   | 
|                       |  | Corcovado Cab Corp ##             |  | Term Loan                                          |  |                 | 09/07/10 |  |              |  | 09/03/13 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,191   |  |  | $ | 1,185   | 
|                       |  | Dag Taxi Inc ##                   |  | Term Loan                                          |  |                 | 09/01/10 |  |              |  | 09/01/13 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,191   |  |  | $ | 1,184   | 
|                       |  | Merry Cab Corp ##                 |  | Term Loan                                          |  |                 | 09/01/10 |  |              |  | 09/01/13 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,191   |  |  | $ | 1,184   | 
|                       |  | Junaid Trans Corp ##              |  | Term Loan                                          |  |                 | 03/19/12 |  |              |  | 03/19/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 1,200  |  |  | $ | 1,179   |  |  | $ | 1,181   | 
|                       |  | Alltaxitwo Cab Corp ##            |  | Term Loan                                          |  |                 | 09/26/11 |  |              |  | 07/22/13 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,181   |  |  | $ | 1,177   | 
|                       |  | Red Army Cab Corp ##              |  | Term Loan                                          |  |                 | 04/18/12 |  |              |  | 04/18/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 1,200  |  |  | $ | 1,179   |  |  | $ | 1,176   | 
|                       |  | Flow Taxi Corp ##                 |  | Term Loan                                          |  |                 | 04/18/12 |  |              |  | 04/18/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 1,200  |  |  | $ | 1,179   |  |  | $ | 1,176   | 
|                       |  | Lil Amandachaka Hacking Corp ##   |  | Term Loan                                          |  |                 | 04/18/12 |  |              |  | 04/18/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 1,200  |  |  | $ | 1,179   |  |  | $ | 1,176   | 
|                       |  | New Direction Cab Corp ##         |  | Term Loan                                          |  |                 | 11/18/11 |  |              |  | 11/18/14 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,170   |  |  | $ | 1,175   | 
|                       |  | Big Ari Taxi Corp ##              |  | Term Loan                                          |  |                 | 12/13/12 |  |              |  | 12/13/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.25 | %                                     |  | $ | 0         |  |  | $         | 1,166  |  |  | $ | 1,166   |  |  | $ | 1,168   | 
|                       |  | Goodspeed Transit Inc ##          |  | Term Loan                                          |  |                 | 11/21/11 |  |              |  | 11/27/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.25 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,159   |  |  | $ | 1,155   | 
|                       |  | Ocean Hacking Corp ##             |  | Term Loan                                          |  |                 | 08/17/10 |  |              |  | 08/16/13 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,129   |  |  | $ | 1,124   | 
|                       |  | Whats Yellow Llc ##               |  | Term Loan                                          |  |                 | 10/03/12 |  |              |  | 10/03/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.65 | %                                     |  | $ | 0         |  |  | $         | 1,129  |  |  | $ | 1,121   |  |  | $ | 1,123   | 
|                       |  | Jump Service Co Inc ##            |  | Term Loan                                          |  |                 | 10/14/11 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 1,121   |  |  | $ | 1,117   | 
|                       |  | Gaultier Hacking Corp ##          |  | Term Loan                                          |  |                 | 08/27/12 |  |              |  | 08/27/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.90 | %                                     |  | $ | 0         |  |  | $         | 1,100  |  |  | $ | 1,100   |  |  | $ | 1,102   | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |   |  |                     |  |      |                                       |  |   |           |  |  |           |     |  |  |   |       |  |  |   |       | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | --- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |    
|                       |  | King Spring Taxi Inc ##           |  | Term Loan                                          |  |                 | 08/24/10 |  |              |  | 01/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 1,073 |  |  | $ | 1,069 | 
|                       |  | Yosi Transit Inc                  |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 1,018 |  |  | $ | 1,018 | 
|                       |  | M.Y. Taxi Inc ##                  |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 960   |  |  | $ | 961   | 
|                       |  | Justin Hacking Corp ##            |  | Term Loan                                          |  |                 | 12/13/12 |  |              |  | 12/13/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                     |  | $ | 0         |  |  | $         | 905 |  |  | $ | 905   |  |  | $ | 907   | 
|                       |  | Global Agami Cab Llc ##           |  | Term Loan                                          |  |                 | 02/22/11 |  |              |  | 02/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.35 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 896   |  |  | $ | 893   | 
|                       |  | Universal Agami Transit Inc ##    |  | Term Loan                                          |  |                 | 02/22/11 |  |              |  | 02/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.35 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 896   |  |  | $ | 893   | 
|                       |  | Network Agami Cab Corp ##         |  | Term Loan                                          |  |                 | 02/22/11 |  |              |  | 02/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.35 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 896   |  |  | $ | 893   | 
|                       |  | Planet Agami Cab Llc ##           |  | Term Loan                                          |  |                 | 02/22/11 |  |              |  | 02/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.35 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 896   |  |  | $ | 893   | 
|                       |  | Lowvolt Transit Llc ##            |  | Term Loan                                          |  |                 | 10/31/06 |  |              |  | 10/31/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 890   | 
|                       |  | Kinetic Transit Llc ##            |  | Term Loan                                          |  |                 | 10/31/06 |  |              |  | 10/31/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 890   | 
|                       |  | Mixfuel Transit Llc ##            |  | Term Loan                                          |  |                 | 10/31/06 |  |              |  | 10/31/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 890   | 
|                       |  | Neutron Transit Llc ##            |  | Term Loan                                          |  |                 | 10/16/06 |  |              |  | 10/16/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Proton Transit Llc ##             |  | Term Loan                                          |  |                 | 10/16/06 |  |              |  | 10/16/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Quark Transit Llc ##              |  | Term Loan                                          |  |                 | 10/16/06 |  |              |  | 10/16/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Rechargeable Transit Llc ##       |  | Term Loan                                          |  |                 | 10/16/06 |  |              |  | 10/16/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 889   | 
|                       |  | Cora Hacking Corp ##              |  | Term Loan                                          |  |                 | 08/06/10 |  |              |  | 08/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 891   |  |  | $ | 888   | 
|                       |  | Iddy Biddy Cab Corp ##            |  | Term Loan                                          |  |                 | 08/06/10 |  |              |  | 08/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 891   |  |  | $ | 888   | 
|                       |  | Malcolm Hacking Corp ##           |  | Term Loan                                          |  |                 | 08/06/10 |  |              |  | 08/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 891   |  |  | $ | 888   | 
|                       |  | Jbob Hacking Corp ##              |  | Term Loan                                          |  |                 | 08/06/10 |  |              |  | 08/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 891   |  |  | $ | 888   | 
|                       |  | Granny Hacking Corp ##            |  | Term Loan                                          |  |                 | 08/06/10 |  |              |  | 08/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 891   |  |  | $ | 888   | 
|                       |  | Oyaz Hacking Corp ##              |  | Term Loan                                          |  |                 | 08/06/10 |  |              |  | 08/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 891   |  |  | $ | 888   | 
|                       |  | Composite Transit Llc ##          |  | Term Loan                                          |  |                 | 11/03/06 |  |              |  | 11/03/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 886   | 
|                       |  | Blend Transit Llc ##              |  | Term Loan                                          |  |                 | 11/03/06 |  |              |  | 11/03/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 886   | 
|                       |  | Isotope Transit Llc ##            |  | Term Loan                                          |  |                 | 10/31/06 |  |              |  | 10/31/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 886   | 
|                       |  | Juiced Transit Llc ##             |  | Term Loan                                          |  |                 | 10/31/06 |  |              |  | 10/31/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 886   | 
|                       |  | Hybrid Transit Llc ##             |  | Term Loan                                          |  |                 | 10/23/06 |  |              |  | 10/23/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.67 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 890   |  |  | $ | 886   | 
|                       |  | Nelsk Taxi Inc ##                 |  | Term Loan                                          |  |                 | 04/18/12 |  |              |  | 04/18/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 900 |  |  | $ | 886   |  |  | $ | 883   | 
|                       |  | Havana Affair Cab Corp ##         |  | Term Loan                                          |  |                 | 10/08/10 |  |              |  | 09/30/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 852   |  |  | $ | 849   | 
|                       |  | Idiot Wind Cab Corp ##            |  | Term Loan                                          |  |                 | 10/08/10 |  |              |  | 09/30/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 852   |  |  | $ | 849   | 
|                       |  | Holdem Cab Corp ##                |  | Term Loan                                          |  |                 | 10/08/10 |  |              |  | 09/30/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 852   |  |  | $ | 849   | 
|                       |  | Go Boy Cab Corp ##                |  | Term Loan                                          |  |                 | 10/08/10 |  |              |  | 09/30/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 852   |  |  | $ | 849   | 
|                       |  | 1212 Taxi Llc ##                  |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 750   |  |  | $ | 751   | 
|                       |  | Bliss Cab Corp ##                 |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 10/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 754   |  |  | $ | 751   | 
|                       |  | Hot Wheels Taxi Llc ##            |  | Term Loan                                          |  |                 | 01/11/11 |  |              |  | 02/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 740   |  |  | $ | 738   | 
|                       |  | Marian Cab Corp ##                |  | Term Loan                                          |  |                 | 06/19/12 |  |              |  | 06/19/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 726 |  |  | $ | 717   |  |  | $ | 719   | 
|                       |  | Kerolus Waheib Makhail            |  | Term Loan                                          |  |                 | 12/27/12 |  |              |  | 12/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 700 |  |  | $ | 700   |  |  | $ | 703   | 
|                       |  | Robell Hacking Corp ##            |  | Term Loan                                          |  |                 | 10/26/11 |  |              |  | 11/30/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 693   |  |  | $ | 691   | 
|                       |  | Sincere Cab Corp ##               |  | Term Loan                                          |  |                 | 06/21/11 |  |              |  | 06/21/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 689   |  |  | $ | 688   | 
|                       |  | Jean Pierre Trans Inc ##          |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 10/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 680   |  |  | $ | 679   | 
|                       |  | Cfn Cab Corp ##                   |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 10/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 680   |  |  | $ | 678   | 
|                       |  | Miklos Hacking Corp ##            |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 10/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 676   |  |  | $ | 674   | 
|                       |  | Ravinder Singh & Mandeep Multa    |  | Term Loan                                          |  |                 | 12/19/12 |  |              |  | 12/19/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 650 |  |  | $ | 650   |  |  | $ | 652   | 
|                       |  | Harminder Singh & Harjinder Si ## |  | Term Loan                                          |  |                 | 12/14/12 |  |              |  | 12/14/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.63 | %                                     |  | $ | 0         |  |  | $         | 650 |  |  | $ | 650   |  |  | $ | 652   | 
|                       |  | Rakesh Aggarwal & Jasvir Singh ## |  | Term Loan                                          |  |                 | 12/11/12 |  |              |  | 12/11/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.70 | %                                     |  | $ | 0         |  |  | $         | 650 |  |  | $ | 650   |  |  | $ | 652   | 
|                       |  | Yme Transit Inc ##                |  | Term Loan                                          |  |                 | 09/09/11 |  |              |  | 12/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 632   |  |  | $ | 635   | 
|                       |  | Guivarch Thimothe                 |  | Term Loan                                          |  |                 | 09/19/12 |  |              |  | 09/19/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 630 |  |  | $ | 626   |  |  | $ | 629   | 
|                       |  | Sushil Maggoo ##                  |  | Term Loan                                          |  |                 | 12/14/12 |  |              |  | 12/14/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 620 |  |  | $ | 620   |  |  | $ | 623   | 
|                       |  | Aminder Pal Singh ##              |  | Term Loan                                          |  |                 | 12/12/12 |  |              |  | 12/12/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.63 | %                                     |  | $ | 0         |  |  | $         | 620 |  |  | $ | 620   |  |  | $ | 622   | 
|                       |  | Joseph R Jean ##                  |  | Term Loan                                          |  |                 | 12/17/12 |  |              |  | 12/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 620 |  |  | $ | 620   |  |  | $ | 622   | 
|                       |  | Samy Baddar ##                    |  | Term Loan                                          |  |                 | 12/17/12 |  |              |  | 12/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                     |  | $ | 0         |  |  | $         | 620 |  |  | $ | 620   |  |  | $ | 622   | 
|                       |  | Ilker Altaygil ##                 |  | Term Loan                                          |  |                 | 12/13/12 |  |              |  | 12/13/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 620 |  |  | $ | 620   |  |  | $ | 622   | 
|                       |  | Turgut Duman ##                   |  | Term Loan                                          |  |                 | 12/06/12 |  |              |  | 12/06/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 620 |  |  | $ | 620   |  |  | $ | 622   | 
|                       |  | Ahmed Nazim & Hebatalla Mostaf ## |  | Term Loan                                          |  |                 | 11/30/12 |  |              |  | 11/30/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                     |  | $ | 0         |  |  | $         | 620 |  |  | $ | 619   |  |  | $ | 621   | 
|                       |  | Amr Aly Shafshak ##               |  | Term Loan                                          |  |                 | 11/29/12 |  |              |  | 11/29/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                     |  | $ | 0         |  |  | $         | 620 |  |  | $ | 619   |  |  | $ | 621   | 
|                       |  | Amr & Rina Taxi Inc               |  | Term Loan                                          |  |                 | 12/10/12 |  |              |  | 12/10/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                     |  | $ | 0         |  |  | $         | 620 |  |  | $ | 620   |  |  | $ | 620   | 
|                       |  | Yvon Louissaint ##                |  | Term Loan                                          |  |                 | 12/17/12 |  |              |  | 12/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 615 |  |  | $ | 615   |  |  | $ | 617   | 
|                       |  | Jacob Apoh ##                     |  | Term Loan                                          |  |                 | 08/23/12 |  |              |  | 08/23/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 620 |  |  | $ | 615   |  |  | $ | 617   | 
|                       |  | Parvinder Singh ##                |  | Term Loan                                          |  |                 | 12/05/12 |  |              |  | 12/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 610 |  |  | $ | 610   |  |  | $ | 612   | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                  |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |   |  |                     |  |      |                                       |  |   |           |  |  |           |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | -------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                     |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |    
|                       |  | Roudy Moliere &Jean B Letang ##  |  | Term Loan                                          |  |                 | 12/17/12 |  |              |  | 12/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 600 |  |  | $ | 600 |  |  | $ | 602 | 
|                       |  | Donald Singh ##                  |  | Term Loan                                          |  |                 | 12/07/12 |  |              |  | 12/07/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 600 |  |  | $ | 600 |  |  | $ | 598 | 
|                       |  | Joseph Gerard Pierre ##          |  | Term Loan                                          |  |                 | 12/03/12 |  |              |  | 12/03/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                     |  | $ | 0         |  |  | $         | 595 |  |  | $ | 595 |  |  | $ | 597 | 
|                       |  | Leo P. Roland ##                 |  | Term Loan                                          |  |                 | 11/28/12 |  |              |  | 11/28/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 593 |  |  | $ | 593 |  |  | $ | 595 | 
|                       |  | Serob Taxi Inc ##                |  | Term Loan                                          |  |                 | 07/01/10 |  |              |  | 07/01/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 597 |  |  | $ | 595 | 
|                       |  | Bhai Bhai Taxi Corp              |  | Term Loan                                          |  |                 | 06/02/11 |  |              |  | 10/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 585 |  |  | $ | 587 | 
|                       |  | Gilberto Barrera ##              |  | Term Loan                                          |  |                 | 11/15/12 |  |              |  | 11/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 585 |  |  | $ | 584 |  |  | $ | 586 | 
|                       |  | Oradeanul Taxi Corp              |  | Term Loan                                          |  |                 | 11/14/11 |  |              |  | 11/14/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 580 |  |  | $ | 584 | 
|                       |  | Georges Salomon                  |  | Term Loan                                          |  |                 | 10/23/12 |  |              |  | 10/23/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 580 |  |  | $ | 578 |  |  | $ | 579 | 
|                       |  | Sing-Fai Chan                    |  | Term Loan                                          |  |                 | 10/05/12 |  |              |  | 10/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 575 |  |  | $ | 574 |  |  | $ | 577 | 
|                       |  | Jose F Pimentel                  |  | Term Loan                                          |  |                 | 11/27/12 |  |              |  | 11/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 575 |  |  | $ | 575 |  |  | $ | 576 | 
|                       |  | Jean J Monteau ##                |  | Term Loan                                          |  |                 | 12/06/12 |  |              |  | 12/06/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 575 |  |  | $ | 575 |  |  | $ | 573 | 
|                       |  | Jasvinder Chhoker + Dam Singh    |  | Term Loan                                          |  |                 | 11/10/11 |  |              |  | 12/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 570 |  |  | $ | 572 | 
|                       |  | Birk Cab Corp                    |  | Term Loan                                          |  |                 | 11/04/11 |  |              |  | 11/04/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 564 |  |  | $ | 564 | 
|                       |  | Jacques A Petion                 |  | Term Loan                                          |  |                 | 08/21/12 |  |              |  | 08/21/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.63 | %                                     |  | $ | 0         |  |  | $         | 564 |  |  | $ | 561 |  |  | $ | 563 | 
|                       |  | Muhammad Saqib ##                |  | Term Loan                                          |  |                 | 10/04/11 |  |              |  | 10/04/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 564 |  |  | $ | 562 | 
|                       |  | Carmay Latendresse               |  | Term Loan                                          |  |                 | 06/07/12 |  |              |  | 06/07/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.88 | %                                     |  | $ | 0         |  |  | $         | 560 |  |  | $ | 559 |  |  | $ | 561 | 
|                       |  | Wisly Noel ##                    |  | Term Loan                                          |  |                 | 12/21/12 |  |              |  | 12/21/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.63 | %                                     |  | $ | 0         |  |  | $         | 558 |  |  | $ | 558 |  |  | $ | 560 | 
|                       |  | Binh Pham                        |  | Term Loan                                          |  |                 | 05/30/12 |  |              |  | 05/30/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 562 |  |  | $ | 555 |  |  | $ | 557 | 
|                       |  | Btr Taxi Inc ##                  |  | Term Loan                                          |  |                 | 07/05/11 |  |              |  | 07/05/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.63 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 557 |  |  | $ | 556 | 
|                       |  | Albro Hacking, Corp. ##          |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 10/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 554 |  |  | $ | 555 | 
|                       |  | Mian Cab Corp ##                 |  | Term Loan                                          |  |                 | 08/01/12 |  |              |  | 08/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 555 |  |  | $ | 552 |  |  | $ | 554 | 
|                       |  | Joseph B Luxama ##               |  | Term Loan                                          |  |                 | 06/05/12 |  |              |  | 06/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 555 |  |  | $ | 550 |  |  | $ | 552 | 
|                       |  | Jaswinder Sharma ##              |  | Term Loan                                          |  |                 | 11/02/11 |  |              |  | 11/02/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 555 |  |  | $ | 552 | 
|                       |  | Phaniel Rosemond                 |  | Term Loan                                          |  |                 | 11/09/12 |  |              |  | 11/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 574 |  |  | $ | 551 |  |  | $ | 551 | 
|                       |  | Joseph Paul Desir                |  | Term Loan                                          |  |                 | 09/24/12 |  |              |  | 09/24/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 552 |  |  | $ | 548 |  |  | $ | 551 | 
|                       |  | Pierre Chery ##                  |  | Term Loan                                          |  |                 | 09/24/12 |  |              |  | 09/24/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 550 |  |  | $ | 548 |  |  | $ | 550 | 
|                       |  | Erwich Chery                     |  | Term Loan                                          |  |                 | 08/27/12 |  |              |  | 08/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 550 |  |  | $ | 547 |  |  | $ | 549 | 
|                       |  | Frantz Louhis & Joseph Paul ##   |  | Term Loan                                          |  |                 | 06/08/12 |  |              |  | 06/08/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 550 |  |  | $ | 545 |  |  | $ | 547 | 
|                       |  | Tamimu Aliu ##                   |  | Term Loan                                          |  |                 | 05/25/12 |  |              |  | 05/25/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 555 |  |  | $ | 548 |  |  | $ | 546 | 
|                       |  | Jordan O Ohene ##                |  | Term Loan                                          |  |                 | 07/23/12 |  |              |  | 07/23/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 550 |  |  | $ | 543 |  |  | $ | 545 | 
|                       |  | Eugenio & Ayodele Trans Corp &   |  | Term Loan                                          |  |                 | 10/14/10 |  |              |  | 10/14/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 545 |  |  | $ | 544 | 
|                       |  | Ptah Cab Corp ##                 |  | Term Loan                                          |  |                 | 05/25/11 |  |              |  | 05/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.35 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 544 |  |  | $ | 543 | 
|                       |  | Joseph L Flovel ##               |  | Term Loan                                          |  |                 | 04/16/12 |  |              |  | 04/16/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 550 |  |  | $ | 540 |  |  | $ | 542 | 
|                       |  | Dani Taxi Inc/Mbank              |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 12/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 541 |  |  | $ | 541 |  |  | $ | 541 | 
|                       |  | Rafi Mohammad ##                 |  | Term Loan                                          |  |                 | 12/07/11 |  |              |  | 12/07/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 543 |  |  | $ | 541 | 
|                       |  | Lesly Jeanjoseph ##              |  | Term Loan                                          |  |                 | 12/20/11 |  |              |  | 12/20/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 538 |  |  | $ | 540 | 
|                       |  | Karamjit Panchhi ##              |  | Term Loan                                          |  |                 | 11/21/11 |  |              |  | 11/21/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 538 |  |  | $ | 540 | 
|                       |  | Freycinet Valbrune               |  | Term Loan                                          |  |                 | 10/24/12 |  |              |  | 10/24/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  | $         | 535 |  |  | $ | 533 |  |  | $ | 538 | 
|                       |  | Joseph W Charles ##              |  | Term Loan                                          |  |                 | 08/10/12 |  |              |  | 08/10/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 544 |  |  | $ | 539 |  |  | $ | 538 | 
|                       |  | Michael Avitan ##                |  | Term Loan                                          |  |                 | 07/02/12 |  |              |  | 07/02/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 540 |  |  | $ | 536 |  |  | $ | 538 | 
|                       |  | Brunet Lucas ##                  |  | Term Loan                                          |  |                 | 10/04/12 |  |              |  | 10/04/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 535 |  |  | $ | 535 |  |  | $ | 537 | 
|                       |  | Fido Cab Corp ##                 |  | Term Loan                                          |  |                 | 09/09/11 |  |              |  | 12/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 535 |  |  | $ | 536 | 
|                       |  | Kamaljit Singh & Harjit Singh ## |  | Term Loan                                          |  |                 | 10/04/12 |  |              |  | 10/02/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 531 |  |  | $ | 528 |  |  | $ | 530 | 
|                       |  | Nobert Auguste ##                |  | Term Loan                                          |  |                 | 09/12/12 |  |              |  | 09/12/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 531 |  |  | $ | 528 |  |  | $ | 530 | 
|                       |  | Atef A Khalil ##                 |  | Term Loan                                          |  |                 | 08/06/12 |  |              |  | 08/06/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  | $         | 535 |  |  | $ | 533 |  |  | $ | 530 | 
|                       |  | Amjad Abbas                      |  | Term Loan                                          |  |                 | 06/02/11 |  |              |  | 06/05/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 528 |  |  | $ | 527 | 
|                       |  | Mohammed Hossen & Abrar Hanif ## |  | Term Loan                                          |  |                 | 06/25/12 |  |              |  | 06/25/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 532 |  |  | $ | 523 |  |  | $ | 524 | 
|                       |  | Ulrick Racine ##                 |  | Term Loan                                          |  |                 | 05/09/12 |  |              |  | 05/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 528 |  |  | $ | 522 |  |  | $ | 524 | 
|                       |  | Spyridon Tzorzis ##              |  | Term Loan                                          |  |                 | 08/01/12 |  |              |  | 08/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 525 |  |  | $ | 521 |  |  | $ | 523 | 
|                       |  | Avner Ben-Levy ##                |  | Term Loan                                          |  |                 | 05/29/12 |  |              |  | 05/29/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 525 |  |  | $ | 519 |  |  | $ | 522 | 
|                       |  | Balwinder Singh ##               |  | Term Loan                                          |  |                 | 10/02/12 |  |              |  | 10/02/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 520 |  |  | $ | 518 |  |  | $ | 520 | 
|                       |  | Anba Taxi Inc ##                 |  | Term Loan                                          |  |                 | 06/21/11 |  |              |  | 06/21/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 517 |  |  | $ | 519 | 
|                       |  | Corsi Cab Corp ##                |  | Term Loan                                          |  |                 | 06/21/11 |  |              |  | 06/21/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 517 |  |  | $ | 519 | 
|                       |  | Rafael A Pena ##                 |  | Term Loan                                          |  |                 | 07/10/12 |  |              |  | 07/10/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 521 |  |  | $ | 514 |  |  | $ | 516 | 
|                       |  | Humberto Ontaneda ##             |  | Term Loan                                          |  |                 | 03/05/12 |  |              |  | 03/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 525 |  |  | $ | 515 |  |  | $ | 516 | 
|                       |  | Gustavo E Cabrejos ##            |  | Term Loan                                          |  |                 | 10/15/12 |  |              |  | 10/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                     |  | $ | 0         |  |  | $         | 520 |  |  | $ | 516 |  |  | $ | 515 | 
|                       |  | Avtar Singh ##                   |  | Term Loan                                          |  |                 | 11/22/11 |  |              |  | 11/07/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 513 |  |  | $ | 515 | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |   |  |                     |  |      |                                       |  |   |           |  |  |           |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |    
|                       |  | M Irshad Chaudhry & Mhd Ramzan ## |  | Term Loan                                          |  |                 | 03/21/11 |  |              |  | 03/21/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 516 |  |  | $ | 515 | 
|                       |  | Mukhtiar Singh ##                 |  | Term Loan                                          |  |                 | 11/22/11 |  |              |  | 11/22/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 512 |  |  | $ | 514 | 
|                       |  | Shanu Miah                        |  | Term Loan                                          |  |                 | 03/24/11 |  |              |  | 03/24/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 513 |  |  | $ | 512 | 
|                       |  | Larry Westen ##                   |  | Term Loan                                          |  |                 | 09/30/11 |  |              |  | 09/30/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 512 |  |  | $ | 511 | 
|                       |  | Marc C Bastien ##                 |  | Term Loan                                          |  |                 | 11/02/11 |  |              |  | 11/02/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 509 |  |  | $ | 510 | 
|                       |  | Hasina Farazi & Rafiul Farazi ##  |  | Term Loan                                          |  |                 | 07/11/12 |  |              |  | 07/11/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 510 |  |  | $ | 505 |  |  | $ | 507 | 
|                       |  | Jasvir S Dhaliwal ##              |  | Term Loan                                          |  |                 | 11/29/11 |  |              |  | 11/29/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 508 |  |  | $ | 505 | 
|                       |  | Alexander Vizueta ## &            |  | Term Loan                                          |  |                 | 11/15/11 |  |              |  | 11/15/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 504 |  |  | $ | 505 | 
|                       |  | Strivers Way Inc                  |  | Term Loan                                          |  |                 | 03/21/11 |  |              |  | 03/21/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 502 |  |  | $ | 503 | 
|                       |  | Jasvir Singh                      |  | Term Loan                                          |  |                 | 11/27/12 |  |              |  | 11/27/22 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 500 |  |  | $ | 497 |  |  | $ | 502 | 
|                       |  | Malkiat S Multani                 |  | Term Loan                                          |  |                 | 06/01/11 |  |              |  | 06/17/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 501 |  |  | $ | 502 | 
|                       |  | Joseph Jean ##                    |  | Term Loan                                          |  |                 | 03/14/12 |  |              |  | 03/14/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 510 |  |  | $ | 501 |  |  | $ | 501 | 
|                       |  | Louis A Alphonse ## &             |  | Term Loan                                          |  |                 | 12/05/11 |  |              |  | 12/05/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 502 |  |  | $ | 500 | 
|                       |  | Dominique Ismael ##               |  | Term Loan                                          |  |                 | 10/11/12 |  |              |  | 10/11/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 500 |  |  | $ | 497 |  |  | $ | 499 | 
|                       |  | Guy Merisier ##                   |  | Term Loan                                          |  |                 | 06/27/12 |  |              |  | 06/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 500 |  |  | $ | 496 |  |  | $ | 498 | 
|                       |  | Prem Singh & Manjeet Kaur ##      |  | Term Loan                                          |  |                 | 01/28/11 |  |              |  | 01/28/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 495 |  |  | $ | 494 | 
|                       |  | Preslert Louis                    |  | Term Loan                                          |  |                 | 03/23/12 |  |              |  | 03/23/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 498 |  |  | $ | 490 |  |  | $ | 492 | 
|                       |  | Avtar Singh ##                    |  | Term Loan                                          |  |                 | 09/23/11 |  |              |  | 09/27/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 493 |  |  | $ | 490 | 
|                       |  | Pierre Goguin Joseph              |  | Term Loan                                          |  |                 | 05/20/10 |  |              |  | 05/20/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 489 |  |  | $ | 489 | 
|                       |  | Eli Parada ##                     |  | Term Loan                                          |  |                 | 07/02/12 |  |              |  | 07/02/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 490 |  |  | $ | 486 |  |  | $ | 488 | 
|                       |  | Shubal C Ghose ##                 |  | Term Loan                                          |  |                 | 12/18/12 |  |              |  | 12/18/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 482 |  |  | $ | 483 |  |  | $ | 485 | 
|                       |  | Ronak Singh ##                    |  | Term Loan                                          |  |                 | 01/11/12 |  |              |  | 01/11/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 506 |  |  | $ | 483 |  |  | $ | 481 | 
|                       |  | Kang & Dhillon Taxi Inc ##        |  | Term Loan                                          |  |                 | 12/03/10 |  |              |  | 12/03/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.35 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 479 |  |  | $ | 481 | 
|                       |  | Harold Torres ##                  |  | Term Loan                                          |  |                 | 08/10/12 |  |              |  | 08/10/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 482 |  |  | $ | 478 |  |  | $ | 480 | 
|                       |  | Mohammad Azhar ##                 |  | Term Loan                                          |  |                 | 06/01/12 |  |              |  | 06/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 485 |  |  | $ | 478 |  |  | $ | 480 | 
|                       |  | Albert A Agyemang ##              |  | Term Loan                                          |  |                 | 08/02/12 |  |              |  | 08/02/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                     |  | $ | 0         |  |  | $         | 485 |  |  | $ | 477 |  |  | $ | 479 | 
|                       |  | Brunel Paul & Chrislorme Paul ##  |  | Term Loan                                          |  |                 | 06/30/11 |  |              |  | 06/30/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 477 |  |  | $ | 479 | 
|                       |  | Rousseau Ductan ##                |  | Term Loan                                          |  |                 | 12/22/11 |  |              |  | 12/22/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 481 |  |  | $ | 478 | 
|                       |  | Santokh Bangay ##                 |  | Term Loan                                          |  |                 | 12/10/12 |  |              |  | 12/10/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 474 |  |  | $ | 474 |  |  | $ | 476 | 
|                       |  | Man Singh ##                      |  | Term Loan                                          |  |                 | 08/10/12 |  |              |  | 08/10/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 470 |  |  | $ | 465 |  |  | $ | 467 | 
|                       |  | Ahmed Elsayed ##                  |  | Term Loan                                          |  |                 | 08/01/11 |  |              |  | 08/01/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 468 |  |  | $ | 466 | 
|                       |  | Charanjeet Kaur & Manjit Singh ## |  | Term Loan                                          |  |                 | 10/07/10 |  |              |  | 03/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 462 |  |  | $ | 461 | 
|                       |  | Eustache Romain ##                |  | Term Loan                                          |  |                 | 10/25/10 |  |              |  | 10/25/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 461 |  |  | $ | 459 | 
|                       |  | Rafael Kikirov ##                 |  | Term Loan                                          |  |                 | 06/22/12 |  |              |  | 06/22/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 462 |  |  | $ | 454 |  |  | $ | 456 | 
|                       |  | Mohammad A Parvaiz ##             |  | Term Loan                                          |  |                 | 05/26/11 |  |              |  | 05/26/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 457 |  |  | $ | 455 | 
|                       |  | Patrick Sattaur ##                |  | Term Loan                                          |  |                 | 11/18/11 |  |              |  | 11/18/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 452 |  |  | $ | 454 | 
|                       |  | W.B.L.S Taxi Inc                  |  | Term Loan                                          |  |                 | 08/09/12 |  |              |  | 08/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 450 |  |  | $ | 450 |  |  | $ | 452 | 
|                       |  | David Mashkabov ##                |  | Term Loan                                          |  |                 | 10/26/11 |  |              |  | 10/24/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 454 |  |  | $ | 452 | 
|                       |  | Mohammed F Munir ##               |  | Term Loan                                          |  |                 | 02/11/11 |  |              |  | 02/14/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 447 |  |  | $ | 449 | 
|                       |  | Momar Diagne ##                   |  | Term Loan                                          |  |                 | 08/25/11 |  |              |  | 08/25/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 443 |  |  | $ | 444 | 
|                       |  | Ranjit Singh ##                   |  | Term Loan                                          |  |                 | 02/16/12 |  |              |  | 02/16/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 451 |  |  | $ | 442 |  |  | $ | 443 | 
|                       |  | Olmedo Nocua ##                   |  | Term Loan                                          |  |                 | 01/21/11 |  |              |  | 01/21/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 441 |  |  | $ | 443 | 
|                       |  | Parkash Taxi Inc ##               |  | Term Loan                                          |  |                 | 08/09/10 |  |              |  | 08/09/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 444 |  |  | $ | 442 | 
|                       |  | Gonel Seraphin & Evelyne Serap ## |  | Term Loan                                          |  |                 | 12/09/11 |  |              |  | 12/09/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 441 |  |  | $ | 439 | 
|                       |  | Pierre Jeune ##                   |  | Term Loan                                          |  |                 | 12/14/12 |  |              |  | 12/14/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 435 |  |  | $ | 435 |  |  | $ | 437 | 
|                       |  | Eduard Neyman ##                  |  | Term Loan                                          |  |                 | 11/09/11 |  |              |  | 11/09/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 434 |  |  | $ | 436 | 
|                       |  | Magloire David ##                 |  | Term Loan                                          |  |                 | 04/02/12 |  |              |  | 04/02/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 440 |  |  | $ | 434 |  |  | $ | 435 | 
|                       |  | Jacob Kuruvilla ##                |  | Term Loan                                          |  |                 | 11/11/09 |  |              |  | 12/05/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 432 |  |  | $ | 430 | 
|                       |  | Gurmeet Singh ##                  |  | Term Loan                                          |  |                 | 06/21/11 |  |              |  | 06/21/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 423 |  |  | $ | 424 | 
|                       |  | Daca Taxi Inc ##                  |  | Term Loan                                          |  |                 | 06/02/11 |  |              |  | 06/02/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 423 |  |  | $ | 424 | 
|                       |  | Neomi & Z Taxi Inc ##             |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 422 |  |  | $ | 423 | 
|                       |  | M&J Taxi Inc ##                   |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 422 |  |  | $ | 423 | 
|                       |  | Maya Taxi Inc ##                  |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 422 |  |  | $ | 423 | 
|                       |  | Saba Moshe Taxi Inc ##            |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 422 |  |  | $ | 423 | 
|                       |  | Mtr Taxi Inc ##                   |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 422 |  |  | $ | 423 | 
|                       |  | King D Taxi Inc ##              |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 01/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 412 |  |  | $ | 412 |  |  | $ | 414 | 
|                       |  | Nautilus Service Cor ##           |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 01/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 412 |  |  | $ | 412 |  |  | $ | 414 | 
|                       |  | Run Service Corp ##               |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 01/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 412 |  |  | $ | 412 |  |  | $ | 414 | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |   |  |                     |  |      |                                       |  |   |           |  |  |           |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |    
|                       |  | Crossbow Taxi Inc ##              |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 01/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 412 |  |  | $ | 411 |  |  | $ | 413 | 
|                       |  | Petia Cab Corporation ##          |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 01/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 412 |  |  | $ | 411 |  |  | $ | 413 | 
|                       |  | King Verin Taxi Inc ##            |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 01/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 412 |  |  | $ | 411 |  |  | $ | 413 | 
|                       |  | Cleopatra Cab Corp ##             |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 01/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 412 |  |  | $ | 411 |  |  | $ | 413 | 
|                       |  | Jened Cab Corp ##                 |  | Term Loan                                          |  |                 | 03/13/12 |  |              |  | 01/13/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 477 |  |  | $ | 409 |  |  | $ | 411 | 
|                       |  | Bucur Express Cab Corp ##         |  | Term Loan                                          |  |                 | 06/02/11 |  |              |  | 06/02/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 407 |  |  | $ | 408 | 
|                       |  | Frands Fequiere ## &              |  | Term Loan                                          |  |                 | 01/26/11 |  |              |  | 01/25/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.20 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 405 |  |  | $ | 406 | 
|                       |  | Manuel F Pena ##                  |  | Term Loan                                          |  |                 | 04/01/11 |  |              |  | 04/01/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 402 |  |  | $ | 403 | 
|                       |  | Dady Hamel ##                     |  | Term Loan                                          |  |                 | 04/16/09 |  |              |  | 12/22/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 404 |  |  | $ | 402 | 
|                       |  | Y Joey Taxi Inc ##                |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 400 |  |  | $ | 401 | 
|                       |  | I&I Cab Corp ##                   |  | Term Loan                                          |  |                 | 10/06/11 |  |              |  | 10/05/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 399 |  |  | $ | 401 | 
|                       |  | N & B Taxi Inc ##                 |  | Term Loan                                          |  |                 | 06/24/11 |  |              |  | 06/24/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 400 |  |  | $ | 401 | 
|                       |  | Anthony Okyere Duah ##            |  | Term Loan                                          |  |                 | 06/10/11 |  |              |  | 06/10/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 395 |  |  | $ | 396 | 
|                       |  | Ruckman Hacking Corp ##           |  | Term Loan                                          |  |                 | 10/14/11 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 390 |  |  | $ | 391 | 
|                       |  | Luis E Perez ##                   |  | Term Loan                                          |  |                 | 04/13/11 |  |              |  | 04/13/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 386 |  |  | $ | 387 | 
|                       |  | Double Cab Corp ##                |  | Term Loan                                          |  |                 | 07/13/12 |  |              |  | 07/13/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 380 |  |  | $ | 376 |  |  | $ | 378 | 
|                       |  | Ny Berts Cab Corp ##              |  | Term Loan                                          |  |                 | 09/15/10 |  |              |  | 09/15/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 373 |  |  | $ | 372 | 
|                       |  | Tarafdar Abul & Tarafdar Luthf &  |  | Term Loan                                          |  |                 | 08/13/10 |  |              |  | 08/13/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 371 |  |  | $ | 372 | 
|                       |  | Essa & Soliman Transit Inc ##     |  | Term Loan                                          |  |                 | 08/03/12 |  |              |  | 08/03/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 377 |  |  | $ | 367 |  |  | $ | 369 | 
|                       |  | Fernande Paul Cab Corp            |  | Term Loan                                          |  |                 | 04/26/11 |  |              |  | 04/26/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.88 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 366 |  |  | $ | 367 | 
|                       |  | Elsayed A Hassan ##               |  | Term Loan                                          |  |                 | 11/28/11 |  |              |  | 11/28/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 363 |  |  | $ | 364 | 
|                       |  | Lelio Bresier & Jeanne Bresier ## |  | Term Loan                                          |  |                 | 04/01/11 |  |              |  | 04/01/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 362 |  |  | $ | 364 | 
|                       |  | Shah M Rahman ##                  |  | Term Loan                                          |  |                 | 08/15/11 |  |              |  | 08/15/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 364 |  |  | $ | 363 | 
|                       |  | Nour-Ditmars Zamalek Corp ##      |  | Term Loan                                          |  |                 | 04/01/11 |  |              |  | 04/01/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.90 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 361 |  |  | $ | 362 | 
|                       |  | Malkit Singh ##                   |  | Term Loan                                          |  |                 | 08/01/12 |  |              |  | 08/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 360 |  |  | $ | 357 |  |  | $ | 359 | 
|                       |  | Rahul Amin/B Note ##              |  | Term Loan                                          |  |                 | 03/25/09 |  |              |  | 03/29/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 358 |  |  | $ | 356 | 
|                       |  | Yberto Santana ##                 |  | Term Loan                                          |  |                 | 09/05/12 |  |              |  | 09/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 356 |  |  | $ | 353 |  |  | $ | 354 | 
|                       |  | Harjee Cab Corp/Note 2            |  | Term Loan                                          |  |                 | 12/27/12 |  |              |  | 12/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 350 |  |  | $ | 350 |  |  | $ | 353 | 
|                       |  | Harjee Cab Corp/Note 1            |  | Term Loan                                          |  |                 | 12/27/12 |  |              |  | 12/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 350 |  |  | $ | 350 |  |  | $ | 353 | 
|                       |  | Vosiem Hacking Corp ##            |  | Term Loan                                          |  |                 | 09/09/11 |  |              |  | 12/05/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 350 |  |  | $ | 351 | 
|                       |  | Shahdad Bhatti Cab Corp ##        |  | Term Loan                                          |  |                 | 08/24/12 |  |              |  | 08/24/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  | $         | 350 |  |  | $ | 348 |  |  | $ | 349 | 
|                       |  | Alexander A Malamud ##            |  | Term Loan                                          |  |                 | 04/20/11 |  |              |  | 05/01/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 347 |  |  | $ | 348 | 
|                       |  | Carlot Dalce ##                   |  | Term Loan                                          |  |                 | 11/15/10 |  |              |  | 11/15/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 340 |  |  | $ | 341 | 
|                       |  | Pierre Cadet ##                   |  | Term Loan                                          |  |                 | 03/18/10 |  |              |  | 03/18/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 339 |  |  | $ | 338 | 
|                       |  | Gerard G Tema ##                  |  | Term Loan                                          |  |                 | 12/06/10 |  |              |  | 12/06/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 333 |  |  | $ | 334 | 
|                       |  | Georges Desrosiers ##             |  | Term Loan                                          |  |                 | 06/26/12 |  |              |  | 06/26/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 335 |  |  | $ | 330 |  |  | $ | 331 | 
|                       |  | Jean A. Alexandre ##              |  | Term Loan                                          |  |                 | 12/12/11 |  |              |  | 12/12/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 325 |  |  | $ | 323 | 
|                       |  | Medora Moreira &Juan Mendoza ##   |  | Term Loan                                          |  |                 | 02/18/11 |  |              |  | 02/18/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 321 |  |  | $ | 322 | 
|                       |  | Jean B Guerrier ##                |  | Term Loan                                          |  |                 | 08/08/12 |  |              |  | 08/08/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 321 |  |  | $ | 318 |  |  | $ | 320 | 
|                       |  | Sukhdev Singh & Harpal S Bhola ## |  | Term Loan                                          |  |                 | 04/24/12 |  |              |  | 04/24/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 325 |  |  | $ | 319 |  |  | $ | 320 | 
|                       |  | Bj Cab Corp/Note 2 Of 2           |  | Term Loan                                          |  |                 | 11/29/12 |  |              |  | 11/29/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 308 |  |  | $ | 308 |  |  | $ | 311 | 
|                       |  | Bj Cab Corp/Note 1 Of 2           |  | Term Loan                                          |  |                 | 11/29/12 |  |              |  | 11/29/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 308 |  |  | $ | 308 |  |  | $ | 311 | 
|                       |  | Abdullah Zivali ##                |  | Term Loan                                          |  |                 | 03/01/12 |  |              |  | 03/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 325 |  |  | $ | 307 |  |  | $ | 309 | 
|                       |  | Rehmet Khan ##                    |  | Term Loan                                          |  |                 | 03/04/11 |  |              |  | 03/04/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 306 |  |  | $ | 307 | 
|                       |  | Mohammmed H Iqbal ##              |  | Term Loan                                          |  |                 | 09/14/12 |  |              |  | 09/14/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 308 |  |  | $ | 304 |  |  | $ | 305 | 
|                       |  | Cody Service Co Inc ##            |  | Term Loan                                          |  |                 | 09/15/10 |  |              |  | 09/10/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 303 |  |  | $ | 304 | 
|                       |  | Kornos Taxi Inc ##                |  | Term Loan                                          |  |                 | 09/04/12 |  |              |  | 09/04/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 301 |  |  | $ | 299 |  |  | $ | 300 | 
|                       |  | Emerald I Taxi Corp/Mbank         |  | Term Loan                                          |  |                 | 06/01/12 |  |              |  | 06/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 300 |  |  | $ | 297 |  |  | $ | 297 | 
|                       |  | Platform Taxi Service/Mbank       |  | Term Loan                                          |  |                 | 05/04/12 |  |              |  | 05/12/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.57 | %                                     |  | $ | 0         |  |  | $         | 300 |  |  | $ | 295 |  |  | $ | 295 | 
|                       |  | Chaim Tepper ##                   |  | Term Loan                                          |  |                 | 02/10/11 |  |              |  | 02/10/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 290 |  |  | $ | 291 | 
|                       |  | Joubert Toussaint ##              |  | Term Loan                                          |  |                 | 09/21/12 |  |              |  | 09/21/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 286 |  |  | $ | 284 |  |  | $ | 285 | 
|                       |  | Serge Bonny ##                    |  | Term Loan                                          |  |                 | 03/02/11 |  |              |  | 03/02/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 267 |  |  | $ | 268 | 
|                       |  | Tarek Elsaid ##                   |  | Term Loan                                          |  |                 | 05/27/11 |  |              |  | 05/27/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 260 |  |  | $ | 261 | 
|                       |  | Bella Hacking Corp                |  | Term Loan                                          |  |                 | 06/25/04 |  |              |  | 06/25/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 256 |  |  | $ | 255 | 
|                       |  | Kesef Taxi Inc/Mbank              |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 12/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 251 |  |  | $ | 251 |  |  | $ | 251 | 
|                       |  | Ede Service Corp                  |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  | Mohammad Ashraf Ali ##            |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 01/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 422 |  |  | $ | 209 |  |  | $ | 210 | 
|                       |  | Ali Akbar ##                      |  | Term Loan                                          |  |                 | 03/04/10 |  |              |  | 10/11/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 211 |  |  | $ | 209 | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |   |  |                     |  |      |                                       |  |   |           |  |  |           |       |  |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | ----- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |      
|                       |  | Zorro Taxi Inc ##                 |  | Term Loan                                          |  |                 | 12/10/12 |  |              |  | 12/10/19 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  | $         | 204   |  |  | $ | 204 |  |  | $ | 205 | 
|                       |  | Hamilton Transit Llc/Mbank        |  | Term Loan                                          |  |                 | 06/01/12 |  |              |  | 06/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 200   |  |  | $ | 198 |  |  | $ | 198 | 
|                       |  | Abdul H Abid ##                   |  | Term Loan                                          |  |                 | 06/09/09 |  |              |  | 06/09/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.38 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 198 |  |  | $ | 198 | 
|                       |  | Frank Nobile ##                   |  | Term Loan                                          |  |                 | 11/26/12 |  |              |  | 11/26/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 190   |  |  | $ | 190 |  |  | $ | 192 | 
|                       |  | Jackie L Chaiken & Michael Cha ## |  | Term Loan                                          |  |                 | 03/16/11 |  |              |  | 03/16/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 183 |  |  | $ | 184 | 
|                       |  | Zante Cab Corp/Mbank              |  | Term Loan                                          |  |                 | 02/02/10 |  |              |  | 02/02/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.81 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 183 |  |  | $ | 183 | 
|                       |  | David Taxi Corp                   |  | Term Loan                                          |  |                 | 10/05/10 |  |              |  | 10/04/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 180 |  |  | $ | 181 | 
|                       |  | Daniel Victor ##                  |  | Term Loan                                          |  |                 | 05/06/11 |  |              |  | 05/06/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 176 |  |  | $ | 177 | 
|                       |  | Chuhar Singh ##                   |  | Term Loan                                          |  |                 | 12/02/11 |  |              |  | 12/02/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 175 |  |  | $ | 176 | 
|                       |  | 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 | 
|                       |  | Gasless Transit Llc/Bnote         |  | Term Loan                                          |  |                 | 10/23/06 |  |              |  | 10/23/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.67 | %                                     |  | $ | 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 | 
|                       |  | Nicolae Blidariu                  |  | Term Loan                                          |  |                 | 02/29/08 |  |              |  | 02/28/23 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 165 |  |  | $ | 166 | 
|                       |  | Roman Fermin ##                   |  | Term Loan                                          |  |                 | 08/06/12 |  |              |  | 08/06/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 167   |  |  | $ | 159 |  |  | $ | 160 | 
|                       |  | Mode Service Corp                 |  | Term Loan                                          |  |                 | 06/02/11 |  |              |  | 06/01/21 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 158 |  |  | $ | 157 | 
|                       |  | Ede Service Corp/Mfun             |  | Term Loan                                          |  |                 | 07/24/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 151 |  |  | $ | 151 | 
|                       |  | Joseph Bologna ##                 |  | Term Loan                                          |  |                 | 10/06/10 |  |              |  | 10/01/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 145 |  |  | $ | 146 | 
|                       |  | Y.A.M. Associates Corp            |  | Term Loan                                          |  |                 | 10/18/11 |  |              |  | 04/18/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 142 |  |  | $ | 143 | 
|                       |  | Anastasios Tsiklidis              |  | Term Loan                                          |  |                 | 04/15/11 |  |              |  | 10/15/18 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.13 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 139 |  |  | $ | 141 | 
|                       |  | Ny Diploma Taxi Co                |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Yosi Transit Inc                  |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Norberto Cardona ##               |  | Term Loan                                          |  |                 | 03/30/12 |  |              |  | 03/30/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 160   |  |  | $ | 138 |  |  | $ | 139 | 
|                       |  | Wilfrid Barreau                   |  | Term Loan                                          |  |                 | 12/29/09 |  |              |  | 12/29/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 131 |  |  | $ | 132 | 
|                       |  | Rs Hacking Corp                   |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 01/17/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.15 | %                                     |  | $ | 0         |  |  | $         | 1,050 |  |  | $ | 126 |  |  | $ | 128 | 
|                       |  | Bitterroot Hacking Corp           |  | Term Loan                                          |  |                 | 02/01/12 |  |              |  | 02/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                     |  | $ | 0         |  |  | $         | 1,400 |  |  | $ | 115 |  |  | $ | 117 | 
|                       |  | Boris Ushman ##                   |  | Term Loan                                          |  |                 | 05/21/03 |  |              |  | 04/13/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 102 |  |  | $ | 102 | 
|                       |  | Ny Diploma Taxi Corp/Mfun         |  | Term Loan                                          |  |                 | 07/24/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 101 |  |  | $ | 101 | 
|                       |  | Julella Cab Corp                  |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 12/22/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.35 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 91  |  |  | $ | 92  | 
|                       |  | King Pierre Taxi Inc              |  | Term Loan                                          |  |                 | 10/18/10 |  |              |  | 10/15/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 90  |  |  | $ | 91  | 
|                       |  | 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  | 
|                       |  | Isotope Transit Llc/B Note        |  | 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  | 
|                       |  | Hybrid Transit Llc/B Note         |  | Term Loan                                          |  |                 | 10/23/06 |  |              |  | 10/23/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.67 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 85  |  |  | $ | 85  | 
|                       |  | King Mario Taxi Inc               |  | 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  | 
|                       |  | Ny Cookie Taxi Corp               |  | Term Loan                                          |  |                 | 10/05/10 |  |              |  | 10/04/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 84  |  |  | $ | 85  | 
|                       |  | Proton Transit Llc/B Note         |  | Term Loan                                          |  |                 | 10/16/06 |  |              |  | 10/16/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 85  |  |  | $ | 84  | 
|                       |  | Quark Transit Llc/B Note          |  | Term Loan                                          |  |                 | 10/16/06 |  |              |  | 10/16/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 85  |  |  | $ | 84  | 
|                       |  | Rechargeable Transit Llc/Bnote    |  | Term Loan                                          |  |                 | 10/16/06 |  |              |  | 10/16/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 85  |  |  | $ | 84  | 
|                       |  | Neutron Transit Llc/B Note        |  | Term Loan                                          |  |                 | 10/16/06 |  |              |  | 10/16/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 85  |  |  | $ | 84  | 
|                       |  | Ny Pisces Taxi Corp               |  | Term Loan                                          |  |                 | 10/18/10 |  |              |  | 10/15/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 78  |  |  | $ | 79  | 
|                       |  | Bu Taxi Llc/Mbank                 |  | Term Loan                                          |  |                 | 12/29/10 |  |              |  | 12/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.83 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 75  |  |  | $ | 75  | 
|                       |  | Libnoth Cab Corp/Mbank            |  | Term Loan                                          |  |                 | 09/02/10 |  |              |  | 09/01/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 76  |  |  | $ | 73  | 
|                       |  | Junco Taxi Inc/Mbank              |  | Term Loan                                          |  |                 | 09/02/10 |  |              |  | 09/01/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 75  |  |  | $ | 72  | 
|                       |  | Heby Taxi Inc./Mbank              |  | Term Loan                                          |  |                 | 09/02/10 |  |              |  | 09/01/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 75  |  |  | $ | 72  | 
|                       |  | Calcium One Service Inc           |  | Term Loan                                          |  |                 | 02/23/07 |  |              |  | 02/23/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.22 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 71  |  |  | $ | 71  | 
|                       |  | Carlos Rios                       |  | Term Loan                                          |  |                 | 03/11/11 |  |              |  | 03/11/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 70  |  |  | $ | 71  | 
|                       |  | Ede Service Corp                  |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 69  |  |  | $ | 69  | 
|                       |  | Ukraine Service Co                |  | Term Loan                                          |  |                 | 04/18/12 |  |              |  | 04/18/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 1,250 |  |  | $ | 63  |  |  | $ | 65  | 
|                       |  | Kseniya Service Co Inc            |  | Term Loan                                          |  |                 | 04/18/12 |  |              |  | 04/18/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                     |  | $ | 0         |  |  | $         | 1,250 |  |  | $ | 63  |  |  | $ | 65  | 
|                       |  | Eddy Joseph ##                    |  | Term Loan                                          |  |                 | 12/20/00 |  |              |  | 01/01/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 61  |  |  | $ | 61  | 
|                       |  | Kesev Taxi Inc                    |  | Term Loan                                          |  |                 | 10/05/10 |  |              |  | 10/04/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 60  |  |  | $ | 61  | 
|                       |  | N.Y. Abar Taxi Corp               |  | Term Loan                                          |  |                 | 10/05/10 |  |              |  | 10/04/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 60  |  |  | $ | 61  | 
|                       |  | Y Mommy Taxi Inc/Mbank            |  | Term Loan                                          |  |                 | 12/23/10 |  |              |  | 12/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 60  |  |  | $ | 60  | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |   |  |                     |  |       |                                       |  |   |           |  |  |           |       |  |  |   |    |  |  |   |    | 
|---------------------- |  | ------------------------------ |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ----- | ------------------------------------- |  | - | --------- |  |  | --------- | ----- |  |  | - | -- |  |  | - | -- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |  | CapitalizedInterest |  |       | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |      
|                       |  | Lazaros Taxi Inc/Mbank         |  | Term Loan                                          |  |                 | 11/01/10 |  |              |  | 11/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.13  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 60 |  |  | $ | 60 | 
|                       |  | Appoint Cab Corp/Mbank         |  | Term Loan                                          |  |                 | 12/06/10 |  |              |  | 12/06/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.96  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 57 |  |  | $ | 57 | 
|                       |  | 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 | 
|                       |  | Natlon Hacking Corp            |  | Term Loan                                          |  |                 | 08/17/10 |  |              |  | 08/16/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.75  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 56 |  |  | $ | 56 | 
|                       |  | Y Daddy Taxi Inc/Mbank         |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 12/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 55    |  |  | $ | 55 |  |  | $ | 55 | 
|                       |  | Bedford Taxi Llc               |  | Term Loan                                          |  |                 | 06/01/12 |  |              |  | 06/01/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75  | %                                     |  | $ | 0         |  |  | $         | 1,400 |  |  | $ | 51 |  |  | $ | 53 | 
|                       |  | Avilie Service Inc             |  | Term Loan                                          |  |                 | 03/09/12 |  |              |  | 03/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75  | %                                     |  | $ | 0         |  |  | $         | 1,200 |  |  | $ | 51 |  |  | $ | 53 | 
|                       |  | Mazl Taxi Inc/Mbank            |  | Term Loan                                          |  |                 | 09/07/10 |  |              |  | 09/07/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 56 |  |  | $ | 53 | 
|                       |  | Reade Taxi Llc                 |  | Term Loan                                          |  |                 | 12/26/12 |  |              |  | 12/26/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 1,450 |  |  | $ | 50 |  |  | $ | 52 | 
|                       |  | Soccer Transit Inc             |  | Term Loan                                          |  |                 | 12/13/11 |  |              |  | 12/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Sea Transit Inc                |  | Term Loan                                          |  |                 | 12/13/11 |  |              |  | 12/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Ziva Cab Corp                  |  | Term Loan                                          |  |                 | 12/13/11 |  |              |  | 12/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Edgar Transit Inc              |  | Term Loan                                          |  |                 | 12/13/11 |  |              |  | 12/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Soho Cab Corp                  |  | Term Loan                                          |  |                 | 12/23/11 |  |              |  | 12/22/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Kaderee M & G Corp             |  | Term Loan                                          |  |                 | 12/20/11 |  |              |  | 12/20/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.75  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Calcium One Service Inc        |  | Term Loan                                          |  |                 | 02/23/07 |  |              |  | 02/23/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.22  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 49 |  |  | $ | 49 | 
|                       |  | Michael Piccolo                |  | Term Loan                                          |  |                 | 05/03/06 |  |              |  | 03/03/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 49 |  |  | $ | 48 | 
|                       |  | Bursa Cab Corp/Note 1          |  | Term Loan                                          |  |                 | 03/23/01 |  |              |  | 09/10/23 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 46 |  |  | $ | 46 | 
|                       |  | Ny Diploma Taxi Co             |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 2.81  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 46 |  |  | $ | 46 | 
|                       |  | Munchkin Transit Inc           |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 44 |  |  | $ | 45 | 
|                       |  | Marg Cab Corp                  |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 44 |  |  | $ | 45 | 
|                       |  | Tate Cab Corp                  |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 44 |  |  | $ | 45 | 
|                       |  | Leka Transit Inc               |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 44 |  |  | $ | 45 | 
|                       |  | W Lol Trans Corp               |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 44 |  |  | $ | 45 | 
|                       |  | W Sar Trans Corp               |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 44 |  |  | $ | 45 | 
|                       |  | Rus Cab Corp                   |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 44 |  |  | $ | 45 | 
|                       |  | Specter Cab Corp               |  | Term Loan                                          |  |                 | 03/23/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.60  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 44 |  |  | $ | 45 | 
|                       |  | Humidity Hacking Corp          |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 12/22/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.35  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 38 |  |  | $ | 39 | 
|                       |  | Nosea Taxi Llc                 |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 38 |  |  | $ | 39 | 
|                       |  | Agape-Mou Cab Corp             |  | Term Loan                                          |  |                 | 02/17/12 |  |              |  | 02/12/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90  | %                                     |  | $ | 0         |  |  | $         | 900   |  |  | $ | 36 |  |  | $ | 38 | 
|                       |  | Asterik Cab Co Inc             |  | Term Loan                                          |  |                 | 02/17/12 |  |              |  | 02/12/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90  | %                                     |  | $ | 0         |  |  | $         | 900   |  |  | $ | 36 |  |  | $ | 38 | 
|                       |  | Copper One Cab Corp            |  | Term Loan                                          |  |                 | 02/17/12 |  |              |  | 02/12/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.90  | %                                     |  | $ | 0         |  |  | $         | 900   |  |  | $ | 36 |  |  | $ | 38 | 
|                       |  | Julia Rose Hacking Corp./Mbank |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 12/22/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.73  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 37 |  |  | $ | 37 | 
|                       |  | Zahav Taxi Llc/Mbank           |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 12/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 38    |  |  | $ | 37 |  |  | $ | 37 | 
|                       |  | Oxford Cab Corp                |  | Term Loan                                          |  |                 | 03/20/12 |  |              |  | 03/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.13  | %                                     |  | $ | 0         |  |  | $         | 1,350 |  |  | $ | 35 |  |  | $ | 37 | 
|                       |  | Bursa Cab Corp/Note 2          |  | Term Loan                                          |  |                 | 03/23/01 |  |              |  | 09/10/23 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 36 |  |  | $ | 36 | 
|                       |  | Neer Cab Corp/Mbnk             |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 12/22/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.73  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 33 |  |  | $ | 33 | 
|                       |  | Rahul Amin/B Note              |  | Term Loan                                          |  |                 | 11/20/12 |  |              |  | 03/29/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.00  | %                                     |  | $ | 0         |  |  | $         | 30    |  |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Mike Taxi Inc                |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 30 |  |  | $ | 31 | 
|                       |  | N&A Taxi Inc/Mbank             |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 30    |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  | Y Mati Taxi Inc                |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 30    |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  | Y Meir Taxi Inc/Mbnk           |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 30    |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  | Y Michal Taxi Inc/Mbnk         |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 30    |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  | M.M.Y Taxi Inc/Mbank           |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 30    |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  | S&M Taxi Inc/Mbank             |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 01/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 30    |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  | Brandon Taxi Llc/Mbank         |  | Term Loan                                          |  |                 | 11/24/10 |  |              |  | 11/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.63  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 26 |  |  | $ | 26 | 
|                       |  | Barth Taxi Llc/Mbank           |  | Term Loan                                          |  |                 | 11/24/10 |  |              |  | 11/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.63  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 26 |  |  | $ | 26 | 
|                       |  | Nestor R Trivino               |  | Term Loan                                          |  |                 | 02/22/12 |  |              |  | 02/22/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 10.00 | %                                     |  | $ | 0         |  |  | $         | 32    |  |  | $ | 24 |  |  | $ | 26 | 
|                       |  | Pikada Transit Inc/Mbank       |  | Term Loan                                          |  |                 | 12/08/09 |  |              |  | 12/22/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.72  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 25 |  |  | $ | 25 | 
|                       |  | Trylon Transit Inc/Mbank       |  | Term Loan                                          |  |                 | 12/08/09 |  |              |  | 12/22/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.72  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 25 |  |  | $ | 25 | 
|                       |  | Trojan Cab Corp/Mbank          |  | Term Loan                                          |  |                 | 12/08/09 |  |              |  | 12/22/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.72  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 25 |  |  | $ | 25 | 
|                       |  | Sonia M Trivino                |  | Term Loan                                          |  |                 | 02/22/12 |  |              |  | 02/22/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 10.00 | %                                     |  | $ | 0         |  |  | $         | 32    |  |  | $ | 23 |  |  | $ | 25 | 
|                       |  | Jaspal Singh/Mbank             |  | Term Loan                                          |  |                 | 10/27/10 |  |              |  | 10/27/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.00  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 25 |  |  | $ | 25 | 
|                       |  | Mohammed Abdu & H Hedru/Mbank  |  | Term Loan                                          |  |                 | 08/11/06 |  |              |  | 02/02/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.96  | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 25 |  |  | $ | 24 | 
|                       |  | Yegal Express Cab Co/Mbank     |  | Term Loan                                          |  |                 | 11/10/10 |  |              |  | 11/10/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 10.13 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 23 |  |  | $ | 23 | 
|                       |  | Mry Taxi Inc/Mbank             |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 12/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 21    |  |  | $ | 21 |  |  | $ | 21 | 
|                       |  | Opera Taxi Inc/Mbank           |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 12/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 3.50  | %                                     |  | $ | 0         |  |  | $         | 21    |  |  | $ | 21 |  |  | $ | 21 | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |    |   |                     |  |      |                                       |  |   |           |  |  |           |        |  |  |   |        |  |  |   |        | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | -- | - | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |    |   | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |       
|                       |  | Ronen Taxi Inc/Mbank              |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 12/15/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 3.50 | %                                     |  | $ | 0         |  |  | $         | 21     |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  | Tyme Cab Corp                     |  | Term Loan                                          |  |                 | 04/04/06 |  |              |  | 04/15/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 22     |  |  | $ | 21     | 
|                       |  | Gerard G Tema                     |  | Term Loan                                          |  |                 | 12/06/10 |  |              |  | 12/06/13 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 20     |  |  | $ | 21     | 
|                       |  | Y.A.M. Associates Corp            |  | Term Loan                                          |  |                 | 11/14/11 |  |              |  | 05/14/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 19     |  |  | $ | 20     | 
|                       |  | West Express Cab Corp/Nt 2/Mbk    |  | Term Loan                                          |  |                 | 03/19/10 |  |              |  | 07/28/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 6.17 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 19     |  |  | $ | 19     | 
|                       |  | Guy Fouyolle ##                   |  | Term Loan                                          |  |                 | 08/18/11 |  |              |  | 08/18/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 16     |  |  | $ | 17     | 
|                       |  | 2 Brothers Cab Corp               |  | Term Loan                                          |  |                 | 10/14/11 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 16     |  |  | $ | 17     | 
|                       |  | Jean M Venord/Mbank               |  | Term Loan                                          |  |                 | 02/11/10 |  |              |  | 04/10/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 6.38 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 14     |  |  | $ | 14     | 
|                       |  | Binh Pham                         |  | Term Loan                                          |  |                 | 11/14/12 |  |              |  | 11/14/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 11     |  |  | $ | 11     |  |  | $ | 13     | 
|                       |  | West Express Cab Corp/Nt 1/Mbk    |  | Term Loan                                          |  |                 | 03/19/10 |  |              |  | 07/28/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 6.17 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 6      |  |  | $ | 6      | 
|                       |  | Alexander Vizueta                 |  | Term Loan                                          |  |                 | 05/22/12 |  |              |  | 05/22/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 5      |  |  | $ | 4      |  |  | $ | 6      | 
|                       |  | Jorge R Sahad/Mbank               |  | Term Loan                                          |  |                 | 04/27/10 |  |              |  | 02/03/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 8.83 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 5      |  |  | $ | 5      | 
|                       |  | Jamcie Service Co Inc/Mbank       |  | Term Loan                                          |  |                 | 06/29/09 |  |              |  | 07/28/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 6.05 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 5      |  |  | $ | 5      | 
|                       |  | Jean A. Alexandre                 |  | Term Loan                                          |  |                 | 05/31/12 |  |              |  | 11/30/13 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.75 | %                                     |  | $ | 0         |  |  | $         | 5      |  |  | $ | 4      |  |  | $ | 5      | 
|                       |  | Two Filoi Taxi Inc                |  | Term Loan                                          |  |                 | 01/15/04 |  |              |  | 01/15/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 2      |  |  | $ | 2      | 
|Chicago                |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  | 115           |  |  |                  | 19 | % |                     |  | 5.28 | %                                     |  | $ | 0         |  |  | $         | 31,955 |  |  | $ | 40,405 |  |  | $ | 40,449 | 
|                       |  | Cozy Cab Et Al ##                 |  | Term Loan                                          |  |                 | 12/22/11 |  |              |  | 12/22/14 |             |  |  | 1             |  |  |                  | 2  | % |                     |  | 5.50 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 3,380  |  |  | $ | 3,368  | 
|                       |  | Sweetgrass Peach &Chadwick Cap ## |  | Term Loan                                          |  |                 | 08/28/12 |  |              |  | 08/28/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 1,750  |  |  | $ | 1,737  |  |  | $ | 1,731  | 
|                       |  | Chicago Medallion Nine Llc ##     |  | Term Loan                                          |  |                 | 05/02/12 |  |              |  | 05/02/17 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 5.75 | %                                     |  | $ | 0         |  |  | $         | 1,440  |  |  | $ | 1,413  |  |  | $ | 1,408  | 
|                       |  | Lucky Seven Chicago One Inc ##    |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.88 | %                                     |  | $ | 0         |  |  | $         | 1,290  |  |  | $ | 1,281  |  |  | $ | 1,278  | 
|                       |  | Blue Eyes Cab Corp ##             |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/15 |             |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.88 | %                                     |  | $ | 0         |  |  | $         | 1,290  |  |  | $ | 1,281  |  |  | $ | 1,277  | 
|                       |  | Michael Two Cab Corp ##           |  | Term Loan                                          |  |                 | 07/12/12 |  |              |  | 07/12/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 1,080  |  |  | $ | 1,066  |  |  | $ | 1,063  | 
|                       |  | Johns Cabs Corp ##                |  | Term Loan                                          |  |                 | 04/12/12 |  |              |  | 04/12/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 1,050  |  |  | $ | 1,037  |  |  | $ | 1,034  | 
|                       |  | Harriet C Inc ##                  |  | Term Loan                                          |  |                 | 10/19/12 |  |              |  | 10/19/16 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 940    |  |  | $ | 937    |  |  | $ | 935    | 
|                       |  | Chicago Medallion Two Llc ##      |  | Term Loan                                          |  |                 | 12/02/11 |  |              |  | 12/02/16 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 929    |  |  | $ | 926    | 
|                       |  | Chicago Medallion Three Llc ##    |  | Term Loan                                          |  |                 | 12/02/11 |  |              |  | 12/02/16 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 929    |  |  | $ | 926    | 
|                       |  | Chicago Medallion Four Llc ##     |  | Term Loan                                          |  |                 | 12/02/11 |  |              |  | 12/02/16 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 929    |  |  | $ | 926    | 
|                       |  | Chicago Medallion One Llc ##      |  | Term Loan                                          |  |                 | 12/02/11 |  |              |  | 12/02/16 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 929    |  |  | $ | 926    | 
|                       |  | Lmb Taxi V Inc ##                 |  | Term Loan                                          |  |                 | 07/12/12 |  |              |  | 07/12/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 900    |  |  | $ | 888    |  |  | $ | 886    | 
|                       |  | Lmb Taxi Iv Inc ##                |  | Term Loan                                          |  |                 | 07/12/12 |  |              |  | 07/12/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 900    |  |  | $ | 888    |  |  | $ | 886    | 
|                       |  | Deka Cab Corp (Chicago) ##        |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 900    |  |  | $ | 885    |  |  | $ | 886    | 
|                       |  | Hudson Cab Corp ##                |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 900    |  |  | $ | 885    |  |  | $ | 886    | 
|                       |  | Tribeca Two Cab Corp ##           |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 720    |  |  | $ | 708    |  |  | $ | 709    | 
|                       |  | Stny Taxi Corp ##                 |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 720    |  |  | $ | 708    |  |  | $ | 709    | 
|                       |  | Santorini Six Cab Corp ##         |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 720    |  |  | $ | 708    |  |  | $ | 709    | 
|                       |  | Santorini Five Cab Corp ##        |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 720    |  |  | $ | 708    |  |  | $ | 709    | 
|                       |  | Santorini Four Cab Corp ##        |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 720    |  |  | $ | 708    |  |  | $ | 709    | 
|                       |  | Santorini Two Cab Corp ##         |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 720    |  |  | $ | 708    |  |  | $ | 709    | 
|                       |  | Tribeca Three Cab Corp ##         |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 720    |  |  | $ | 708    |  |  | $ | 709    | 
|                       |  | Deka Three Cab Corp ##            |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 720    |  |  | $ | 708    |  |  | $ | 709    | 
|                       |  | Chicago Medallion Seven Llc ##    |  | Term Loan                                          |  |                 | 05/02/12 |  |              |  | 05/02/17 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  | $         | 720    |  |  | $ | 706    |  |  | $ | 705    | 
|                       |  | Michelle Corp ##                  |  | Term Loan                                          |  |                 | 08/16/12 |  |              |  | 08/16/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.75 | %                                     |  | $ | 0         |  |  | $         | 645    |  |  | $ | 640    |  |  | $ | 642    | 
|                       |  | Carol Of Illinois Enterprises ##  |  | Term Loan                                          |  |                 | 10/02/12 |  |              |  | 10/02/17 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 585    |  |  | $ | 583    |  |  | $ | 585    | 
|                       |  | Mikhalia Cabs Nine Inc ##         |  | Term Loan                                          |  |                 | 07/12/12 |  |              |  | 07/12/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 540    |  |  | $ | 533    |  |  | $ | 535    | 
|                       |  | Kayla Hacking Corp ##             |  | Term Loan                                          |  |                 | 07/12/12 |  |              |  | 07/12/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 540    |  |  | $ | 533    |  |  | $ | 535    | 
|                       |  | Mike Taxi Corp ##                 |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 518    |  |  | $ | 519    | 
|                       |  | Natalia Taxi Corp ##              |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 517    |  |  | $ | 518    | 
|                       |  | M&N 5Th Avenue Hacking Corp ##    |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 462    |  |  | $ | 463    | 
|                       |  | Musanour Cab Inc ##               |  | Term Loan                                          |  |                 | 11/09/12 |  |              |  | 11/09/16 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 420    |  |  | $ | 420    |  |  | $ | 422    | 
|                       |  | Blue Valentine Cab Corp           |  | Term Loan                                          |  |                 | 12/22/10 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 415    |  |  | $ | 416    | 
|                       |  | Tumblin Dice Taxi Inc             |  | Term Loan                                          |  |                 | 12/22/10 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 415    |  |  | $ | 416    | 
|                       |  | Moo Moo Cab Co ##                 |  | Term Loan                                          |  |                 | 12/27/10 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 404    |  |  | $ | 403    | 
|                       |  | Rahwa & Bros Cab Co ##            |  | Term Loan                                          |  |                 | 11/01/11 |  |              |  | 11/01/16 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 325    |  |  | $ | 326    | 
|                       |  | Good Cab Corp/Mbank               |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.73 | %                                     |  | $ | 0         |  |  | $         | 296    |  |  | $ | 292    |  |  | $ | 292    | 
|                       |  | American Buffalo Cab Corp         |  | Term Loan                                          |  |                 | 12/22/10 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 277    |  |  | $ | 278    | 
|                       |  | Deka Two Cab Corp                 |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 4.74 | %                                     |  | $ | 0         |  |  | $         | 280    |  |  | $ | 276    |  |  | $ | 276    | 
|                       |  | Valasia Cab Co ##                 |  | Term Loan                                          |  |                 | 01/18/12 |  |              |  | 01/18/15 |             |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 280    |  |  | $ | 275    |  |  | $ | 276    | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |   |  |                     |  |      |                                       |  |   |           |  |  |           |       |  |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | ----- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |      
|                       |  | Chicago Seven Inc/Mbnk            |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.25 | %                                     |  | $ | 0         |  |  | $         | 262   |  |  | $ | 260 |  |  | $ | 260 | 
|                       |  | Taxi For Less Inc ##              |  | Term Loan                                          |  |                 | 09/20/12 |  |              |  | 09/20/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 250   |  |  | $ | 249 |  |  | $ | 250 | 
|                       |  | Tekezze Inc                       |  | Term Loan                                          |  |                 | 12/14/12 |  |              |  | 12/14/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 230   |  |  | $ | 230 |  |  | $ | 232 | 
|                       |  | Showcase Sports Management Cor ## |  | Term Loan                                          |  |                 | 01/22/10 |  |              |  | 01/22/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 231 |  |  | $ | 230 | 
|                       |  | Karbala Express Inc ##            |  | Term Loan                                          |  |                 | 10/05/12 |  |              |  | 10/05/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  | $         | 225   |  |  | $ | 224 |  |  | $ | 225 | 
|                       |  | Zeyrefda Inc ##                   |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 220   |  |  | $ | 219 |  |  | $ | 220 | 
|                       |  | Aniba Management & Services In ## |  | Term Loan                                          |  |                 | 11/09/12 |  |              |  | 11/09/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 210   |  |  | $ | 209 |  |  | $ | 210 | 
|                       |  | Interwoodex Inc ##                |  | Term Loan                                          |  |                 | 09/14/12 |  |              |  | 09/14/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 190   |  |  | $ | 189 |  |  | $ | 190 | 
|                       |  | Annabelle Cab Corporation ##      |  | Term Loan                                          |  |                 | 07/30/12 |  |              |  | 07/30/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                     |  | $ | 0         |  |  | $         | 180   |  |  | $ | 178 |  |  | $ | 179 | 
|                       |  | Tedom Inc                         |  | Term Loan                                          |  |                 | 10/29/12 |  |              |  | 10/29/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 174   |  |  | $ | 173 |  |  | $ | 175 | 
|                       |  | Three Kids Corp                   |  | Term Loan                                          |  |                 | 07/03/12 |  |              |  | 07/03/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 173   |  |  | $ | 171 |  |  | $ | 173 | 
|                       |  | Adi Express Inc ##                |  | Term Loan                                          |  |                 | 09/21/12 |  |              |  | 09/21/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                     |  | $ | 0         |  |  | $         | 171   |  |  | $ | 170 |  |  | $ | 171 | 
|                       |  | Alex Z Cab Corp                   |  | Term Loan                                          |  |                 | 09/21/12 |  |              |  | 09/21/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 170   |  |  | $ | 168 |  |  | $ | 170 | 
|                       |  | Jbl Express Ii Inc                |  | Term Loan                                          |  |                 | 11/04/11 |  |              |  | 11/04/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 164 |  |  | $ | 165 | 
|                       |  | Significant Trans Inc ##          |  | Term Loan                                          |  |                 | 04/06/12 |  |              |  | 04/06/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  | $         | 165   |  |  | $ | 162 |  |  | $ | 163 | 
|                       |  | Semhar Corp ##                    |  | Term Loan                                          |  |                 | 01/31/12 |  |              |  | 01/31/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 165   |  |  | $ | 161 |  |  | $ | 162 | 
|                       |  | Shere Corp ##                     |  | Term Loan                                          |  |                 | 01/04/12 |  |              |  | 01/04/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 165   |  |  | $ | 160 |  |  | $ | 161 | 
|                       |  | Tahoora Transportation Inc. ##    |  | Term Loan                                          |  |                 | 01/04/12 |  |              |  | 01/04/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 165   |  |  | $ | 160 |  |  | $ | 161 | 
|                       |  | Experience Chicago Inc            |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 159   |  |  | $ | 158 |  |  | $ | 160 | 
|                       |  | Naneffe Inc ##                    |  | Term Loan                                          |  |                 | 02/27/12 |  |              |  | 02/27/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 163   |  |  | $ | 156 |  |  | $ | 157 | 
|                       |  | Tad Taxi Co                       |  | Term Loan                                          |  |                 | 12/01/11 |  |              |  | 12/01/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 152 |  |  | $ | 154 | 
|                       |  | Yenemekoya Inc ##                 |  | Term Loan                                          |  |                 | 09/10/12 |  |              |  | 09/10/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 152   |  |  | $ | 150 |  |  | $ | 151 | 
|                       |  | Harris 6741 Inc                   |  | Term Loan                                          |  |                 | 03/02/11 |  |              |  | 03/02/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 150 |  |  | $ | 151 | 
|                       |  | Jpg Cab Corp                      |  | Term Loan                                          |  |                 | 04/23/12 |  |              |  | 04/23/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  | $         | 151   |  |  | $ | 148 |  |  | $ | 150 | 
|                       |  | Asmara Cab Company ##             |  | Term Loan                                          |  |                 | 12/01/11 |  |              |  | 12/01/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 141 |  |  | $ | 142 | 
|                       |  | Little Wing Cab Corp              |  | Term Loan                                          |  |                 | 04/15/11 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 140 |  |  | $ | 141 | 
|                       |  | Little Wing Cab Corp              |  | Term Loan                                          |  |                 | 12/22/10 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 139 |  |  | $ | 140 | 
|                       |  | Asmara Inc                        |  | Term Loan                                          |  |                 | 01/03/12 |  |              |  | 01/03/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 144   |  |  | $ | 136 |  |  | $ | 138 | 
|                       |  | Lemlemu Inc                       |  | Term Loan                                          |  |                 | 03/11/11 |  |              |  | 03/11/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 137 |  |  | $ | 138 | 
|                       |  | Ultra Investment Corp ##          |  | Term Loan                                          |  |                 | 03/22/11 |  |              |  | 03/22/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 132 |  |  | $ | 133 | 
|                       |  | Alem B Cab Inc ##                 |  | Term Loan                                          |  |                 | 12/09/10 |  |              |  | 12/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 126 |  |  | $ | 127 | 
|                       |  | Mekleteelsa Inc                   |  | Term Loan                                          |  |                 | 01/27/11 |  |              |  | 01/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 126 |  |  | $ | 127 | 
|                       |  | Imc Cab Corp                      |  | Term Loan                                          |  |                 | 08/27/10 |  |              |  | 04/26/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 122 |  |  | $ | 122 | 
|                       |  | Bedford Cab Two Corp              |  | Term Loan                                          |  |                 | 07/30/10 |  |              |  | 04/26/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 120 |  |  | $ | 120 | 
|                       |  | Delina Cab Inc                    |  | Term Loan                                          |  |                 | 12/21/10 |  |              |  | 12/21/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 114 |  |  | $ | 116 | 
|                       |  | Pireas Taxi Corp ##               |  | Term Loan                                          |  |                 | 01/25/12 |  |              |  | 01/25/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 116   |  |  | $ | 114 |  |  | $ | 115 | 
|                       |  | Nour Enterprise Inc ##            |  | Term Loan                                          |  |                 | 03/10/10 |  |              |  | 03/10/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.75 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 109 |  |  | $ | 110 | 
|                       |  | Antar Trans Inc                   |  | Term Loan                                          |  |                 | 09/10/12 |  |              |  | 09/10/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 104   |  |  | $ | 103 |  |  | $ | 105 | 
|                       |  | Santorini Cab Corp/Mbank          |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.79 | %                                     |  | $ | 0         |  |  | $         | 105   |  |  | $ | 103 |  |  | $ | 103 | 
|                       |  | Measho Cab Corp                   |  | Term Loan                                          |  |                 | 06/16/11 |  |              |  | 06/16/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 101 |  |  | $ | 102 | 
|                       |  | Paik Cab Co                       |  | Term Loan                                          |  |                 | 05/26/10 |  |              |  | 05/26/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 98  |  |  | $ | 99  | 
|                       |  | Sny Cab Inc ##                    |  | Term Loan                                          |  |                 | 12/14/11 |  |              |  | 12/14/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 88  |  |  | $ | 89  | 
|                       |  | Tigray Cab Inc                    |  | Term Loan                                          |  |                 | 12/03/10 |  |              |  | 12/03/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 88  |  |  | $ | 89  | 
|                       |  | Nakfa Corp                        |  | Term Loan                                          |  |                 | 07/30/10 |  |              |  | 07/30/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 86  |  |  | $ | 86  | 
|                       |  | Addis Flower Taxi Cab Service     |  | Term Loan                                          |  |                 | 05/23/11 |  |              |  | 05/23/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 84  |  |  | $ | 85  | 
|                       |  | Moses J Frank ##                  |  | Term Loan                                          |  |                 | 05/21/12 |  |              |  | 05/21/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.00 | %                                     |  | $ | 0         |  |  | $         | 70    |  |  | $ | 67  |  |  | $ | 68  | 
|                       |  | Tyrone Henderson                  |  | Term Loan                                          |  |                 | 11/21/11 |  |              |  | 11/21/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.25 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 62  |  |  | $ | 64  | 
|                       |  | Any Cab Corp                      |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 1,062 |  |  | $ | 54  |  |  | $ | 55  | 
|                       |  | Haris Taxi Corp ##                |  | Term Loan                                          |  |                 | 01/11/12 |  |              |  | 01/11/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 55    |  |  | $ | 51  |  |  | $ | 52  | 
|                       |  | New Flower Inc ##                 |  | Term Loan                                          |  |                 | 12/13/10 |  |              |  | 12/13/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 49  |  |  | $ | 50  | 
|                       |  | Tribeca Cab Corp/Mbank            |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.83 | %                                     |  | $ | 0         |  |  | $         | 48    |  |  | $ | 47  |  |  | $ | 47  | 
|                       |  | Big City Taxi Corp/Mbank          |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.83 | %                                     |  | $ | 0         |  |  | $         | 48    |  |  | $ | 47  |  |  | $ | 47  | 
|                       |  | N And M Valdof Hacking Corp       |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 46  |  |  | $ | 47  | 
|                       |  | Oia Cab Corp                      |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 890   |  |  | $ | 45  |  |  | $ | 46  | 
|                       |  | Chicago Jacal Hacking Corp        |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 43  |  |  | $ | 44  | 
|                       |  | Natasha Transportation Inc        |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 43  |  |  | $ | 44  | 
|                       |  | Madison Cab Corp                  |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 712   |  |  | $ | 38  |  |  | $ | 39  | 
|                       |  | Laight Taxi Corp                  |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 712   |  |  | $ | 36  |  |  | $ | 37  | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |   |   |                     |  |      |                                       |  |   |           |  |  |           |       |  |  |   |        |  |  |   |        | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | - | - | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | ----- |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |   | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |      
|                       |  | Santorini Three Cab Corp/Mbank    |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.79 | %                                     |  | $ | 0         |  |  | $         | 30    |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  | Greenwich Cab Corp                |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 531   |  |  | $ | 27     |  |  | $ | 28     | 
|                       |  | Baby Blue Cab Corp/Mbank          |  | Term Loan                                          |  |                 | 12/29/10 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.47 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 27     |  |  | $ | 27     | 
|                       |  | Deal Cab Inc/Mbank                |  | Term Loan                                          |  |                 | 12/29/10 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.47 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 27     |  |  | $ | 27     | 
|                       |  | Chicago Jacal Hacking Ii Corp     |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 24     |  |  | $ | 25     | 
|                       |  | Bks Hacking Chicago Corp          |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 22     |  |  | $ | 23     | 
|                       |  | Mike Nat Hacking Chicago Corp     |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 22     |  |  | $ | 23     | 
|                       |  | Mai Sheka Inc                     |  | Term Loan                                          |  |                 | 06/27/11 |  |              |  | 06/27/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 21     |  |  | $ | 22     | 
|                       |  | Brilon One Cab Corp               |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 20     |  |  | $ | 21     | 
|                       |  | LoniS Two Cab Corp               |  | Term Loan                                          |  |                 | 02/24/11 |  |              |  | 02/24/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 20     |  |  | $ | 21     | 
|                       |  | Rahel Express Inc ##              |  | Term Loan                                          |  |                 | 06/29/12 |  |              |  | 06/29/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  | $         | 20    |  |  | $ | 18     |  |  | $ | 20     | 
|                       |  | Any Cab Two Corp                  |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 354   |  |  | $ | 18     |  |  | $ | 19     | 
|                       |  | Franklin Taxi Llc                 |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 354   |  |  | $ | 18     |  |  | $ | 19     | 
|                       |  | St Petersburg Taxi Llc            |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 354   |  |  | $ | 18     |  |  | $ | 19     | 
|                       |  | Midnight Moonlight Taxi Inc/Mb    |  | Term Loan                                          |  |                 | 12/28/10 |  |              |  | 10/14/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.47 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 13     |  |  | $ | 13     | 
|                       |  | Mai-Nefhi Trans Inc/Mbank         |  | Term Loan                                          |  |                 | 12/16/10 |  |              |  | 12/16/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 8.75 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 4      |  |  | $ | 4      | 
|Newark                 |  |                                   |  |                                                    |  |                 |          |  |              |  |          |             |  |  | 99            |  |  |                  | 8 | % |                     |  | 6.70 | %                                     |  | $ | 0         |  |  | $         | 6,214 |  |  | $ | 17,342 |  |  | $ | 17,427 | 
|                       |  | Hg & Zg Corporation               |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/17 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 295   |  |  | $ | 293    |  |  | $ | 295    | 
|                       |  | One At A Time Time Transport I ## |  | Term Loan                                          |  |                 | 09/20/12 |  |              |  | 09/20/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 290   |  |  | $ | 288    |  |  | $ | 289    | 
|                       |  | United Seven Trans Inc            |  | Term Loan                                          |  |                 | 06/14/12 |  |              |  | 06/14/17 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  | $         | 290   |  |  | $ | 286    |  |  | $ | 288    | 
|                       |  | Levangile Milcent ##              |  | Term Loan                                          |  |                 | 12/13/12 |  |              |  | 12/13/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 285   |  |  | $ | 285    |  |  | $ | 283    | 
|                       |  | Esperanta Romelus &               |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.60 | %                                     |  | $ | 0         |  |  | $         | 276   |  |  | $ | 276    |  |  | $ | 278    | 
|                       |  | Mido Taxi Inc ##                  |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 278   |  |  | $ | 276    |  |  | $ | 277    | 
|                       |  | Hg & Zg Corporation               |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/17 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 275   |  |  | $ | 273    |  |  | $ | 274    | 
|                       |  | P.C. Taxi Corp ##                 |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 272   |  |  | $ | 270    |  |  | $ | 271    | 
|                       |  | Cmgv #2 Taxi Inc ##               |  | Term Loan                                          |  |                 | 12/05/12 |  |              |  | 12/13/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.25 | %                                     |  | $ | 0         |  |  | $         | 260   |  |  | $ | 260    |  |  | $ | 261    | 
|                       |  | 085 Force Llc &                   |  | Term Loan                                          |  |                 | 02/17/11 |  |              |  | 02/17/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 252    |  |  | $ | 253    | 
|                       |  | Sonson Taxi Inc ##                |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/17 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 250   |  |  | $ | 250    |  |  | $ | 251    | 
|                       |  | Rachel Llc                        |  | Term Loan                                          |  |                 | 04/14/11 |  |              |  | 04/14/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 249    |  |  | $ | 251    | 
|                       |  | R And B Taxi Company              |  | Term Loan                                          |  |                 | 01/15/10 |  |              |  | 01/14/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 251    |  |  | $ | 251    | 
|                       |  | Luckner Etienne ##                |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 250   |  |  | $ | 249    |  |  | $ | 250    | 
|                       |  | Clair 282 Llc                     |  | Term Loan                                          |  |                 | 08/09/12 |  |              |  | 08/09/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 250   |  |  | $ | 248    |  |  | $ | 250    | 
|                       |  | Lesly Jeanjoseph                  |  | Term Loan                                          |  |                 | 01/09/09 |  |              |  | 01/08/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 248    |  |  | $ | 248    | 
|                       |  | Grec Taxi Corp                    |  | Term Loan                                          |  |                 | 12/08/11 |  |              |  | 12/08/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 244    |  |  | $ | 246    | 
|                       |  | Serge Garcon ##                   |  | Term Loan                                          |  |                 | 02/16/12 |  |              |  | 02/16/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 250   |  |  | $ | 244    |  |  | $ | 245    | 
|                       |  | United Seven Trans Inc            |  | Term Loan                                          |  |                 | 06/14/12 |  |              |  | 06/14/17 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  | $         | 260   |  |  | $ | 239    |  |  | $ | 241    | 
|                       |  | Josh & Becka Taxi Inc &           |  | Term Loan                                          |  |                 | 01/15/10 |  |              |  | 01/15/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.25 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 241    |  |  | $ | 241    | 
|                       |  | M.K. Taxi Inc                     |  | Term Loan                                          |  |                 | 04/14/11 |  |              |  | 04/14/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.75 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 238    |  |  | $ | 240    | 
|                       |  | Wilner Novaly                     |  | Term Loan                                          |  |                 | 08/12/10 |  |              |  | 07/22/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 238    |  |  | $ | 239    | 
|                       |  | Rosemond Mathurin ##              |  | Term Loan                                          |  |                 | 12/13/12 |  |              |  | 12/13/17 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 234   |  |  | $ | 234    |  |  | $ | 235    | 
|                       |  | Ekny Fils-Aime ##                 |  | Term Loan                                          |  |                 | 10/17/11 |  |              |  | 10/17/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.25 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 233    |  |  | $ | 235    | 
|                       |  | Romise Fils-Aime                  |  | Term Loan                                          |  |                 | 06/10/10 |  |              |  | 06/10/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 235    |  |  | $ | 235    | 
|                       |  | Jean Milo Saintus ##              |  | Term Loan                                          |  |                 | 02/16/12 |  |              |  | 02/16/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 239   |  |  | $ | 234    |  |  | $ | 234    | 
|                       |  | S.J.L.T Joujean Inc               |  | Term Loan                                          |  |                 | 03/15/12 |  |              |  | 03/15/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 232   |  |  | $ | 228    |  |  | $ | 230    | 
|                       |  | Semsema Trans Corporation         |  | Term Loan                                          |  |                 | 05/17/12 |  |              |  | 05/17/17 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 232   |  |  | $ | 223    |  |  | $ | 225    | 
|                       |  | Erick Fleuridor                   |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 224   |  |  | $ | 221    |  |  | $ | 223    | 
|                       |  | Lagrande Taxi Corp                |  | Term Loan                                          |  |                 | 12/11/09 |  |              |  | 12/03/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 223    |  |  | $ | 223    | 
|                       |  | Maitre Joa Llc                    |  | Term Loan                                          |  |                 | 08/04/11 |  |              |  | 08/04/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 220    |  |  | $ | 220    | 
|                       |  | Dern #2 Taxi Inc                  |  | Term Loan                                          |  |                 | 09/16/10 |  |              |  | 09/16/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 219    |  |  | $ | 220    | 
|                       |  | Jacob Joseph ##                   |  | Term Loan                                          |  |                 | 04/02/09 |  |              |  | 04/02/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 8.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 221    |  |  | $ | 220    | 
|                       |  | Carvin Taxi Inc                   |  | Term Loan                                          |  |                 | 04/14/11 |  |              |  | 04/14/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 216    |  |  | $ | 218    | 
|                       |  | Joseph Duverneau ##               |  | Term Loan                                          |  |                 | 02/17/11 |  |              |  | 02/17/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 215    |  |  | $ | 216    | 
|                       |  | Joseph And Jamar Inc ##           |  | Term Loan                                          |  |                 | 10/07/10 |  |              |  | 10/07/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 212    |  |  | $ | 213    | 
|                       |  | Marcillino Corp ##                |  | Term Loan                                          |  |                 | 09/04/08 |  |              |  | 09/04/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 211    |  |  | $ | 210    | 
|                       |  | Stany Inc                         |  | Term Loan                                          |  |                 | 05/12/11 |  |              |  | 05/12/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.75 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 206    |  |  | $ | 208    | 
|                       |  | Fils Julien ##                    |  | Term Loan                                          |  |                 | 09/03/09 |  |              |  | 09/03/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 207    |  |  | $ | 206    | 
|                       |  | Gerard Revolus                    |  | Term Loan                                          |  |                 | 05/15/08 |  |              |  | 05/14/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |       |  |  | $ | 206    |  |  | $ | 205    | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                                |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |   |  |                     |  |      |                                       |  |   |           |  |  |           |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |    
|                       |  | Alix Exavier ##                |  | Term Loan                                          |  |                 | 04/02/09 |  |              |  | 04/02/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 201 |  |  | $ | 200 | 
|                       |  | Marie Augustin                 |  | Term Loan                                          |  |                 | 02/04/10 |  |              |  | 02/04/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 198 |  |  | $ | 198 | 
|                       |  | Timax 426 Inc                  |  | Term Loan                                          |  |                 | 02/05/09 |  |              |  | 02/05/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 197 |  |  | $ | 197 | 
|                       |  | Micheline Luxeus ##            |  | Term Loan                                          |  |                 | 12/13/12 |  |              |  | 12/13/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 193 |  |  | $ | 193 |  |  | $ | 195 | 
|                       |  | Zoune Taxi #2 Inc ##           |  | Term Loan                                          |  |                 | 10/12/11 |  |              |  | 10/06/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 193 |  |  | $ | 195 | 
|                       |  | Thomas Lahens ##               |  | Term Loan                                          |  |                 | 06/09/11 |  |              |  | 06/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 194 |  |  | $ | 194 | 
|                       |  | Herve Dameus & James Dameus ## |  | Term Loan                                          |  |                 | 01/25/11 |  |              |  | 01/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 193 |  |  | $ | 194 | 
|                       |  | Matias Paul ##                 |  | Term Loan                                          |  |                 | 05/12/11 |  |              |  | 05/12/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 192 |  |  | $ | 193 | 
|                       |  | Mfc Taxi Corp ##               |  | Term Loan                                          |  |                 | 09/20/11 |  |              |  | 09/19/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 190 |  |  | $ | 191 | 
|                       |  | Jodieu Taxi Inc &              |  | Term Loan                                          |  |                 | 09/17/09 |  |              |  | 09/17/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 190 |  |  | $ | 190 | 
|                       |  | Chell 11 Corp                  |  | Term Loan                                          |  |                 | 08/12/10 |  |              |  | 08/05/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 188 |  |  | $ | 189 | 
|                       |  | Erick Fleuridor                |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 183 |  |  | $ | 183 |  |  | $ | 185 | 
|                       |  | Sergo Xavier Previlon ##       |  | Term Loan                                          |  |                 | 10/15/09 |  |              |  | 10/15/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 184 |  |  | $ | 183 | 
|                       |  | Marie Jeanne Philemon          |  | Term Loan                                          |  |                 | 07/07/11 |  |              |  | 07/07/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 178 |  |  | $ | 180 | 
|                       |  | Just 8 Taxi #2 Inc ##          |  | Term Loan                                          |  |                 | 09/20/11 |  |              |  | 09/19/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 177 |  |  | $ | 178 | 
|                       |  | Bidon Taxi Inc                 |  | Term Loan                                          |  |                 | 08/04/11 |  |              |  | 08/04/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 171 |  |  | $ | 173 | 
|                       |  | Cassandra & Joseph Sejour Inc  |  | Term Loan                                          |  |                 | 04/09/10 |  |              |  | 04/09/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 172 |  |  | $ | 173 | 
|                       |  | Saintilia Charles ##           |  | Term Loan                                          |  |                 | 09/13/10 |  |              |  | 09/13/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 171 |  |  | $ | 171 | 
|                       |  | Simone Francois ##             |  | Term Loan                                          |  |                 | 05/06/11 |  |              |  | 05/06/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 169 |  |  | $ | 170 | 
|                       |  | Adieula Figaro ##              |  | Term Loan                                          |  |                 | 10/06/11 |  |              |  | 10/06/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 167 |  |  | $ | 168 | 
|                       |  | Charata Taxi Inc               |  | Term Loan                                          |  |                 | 04/09/10 |  |              |  | 04/09/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 161 |  |  | $ | 162 | 
|                       |  | Jeannot Louis                  |  | Term Loan                                          |  |                 | 06/11/09 |  |              |  | 06/11/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 161 |  |  | $ | 161 | 
|                       |  | Antoines Dortin ##             |  | Term Loan                                          |  |                 | 08/12/10 |  |              |  | 08/12/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 155 |  |  | $ | 156 | 
|                       |  | Ahmad Taxi Inc                 |  | Term Loan                                          |  |                 | 06/09/11 |  |              |  | 06/09/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 152 |  |  | $ | 154 | 
|                       |  | 424 Taxi Llc                   |  | Term Loan                                          |  |                 | 01/20/12 |  |              |  | 01/20/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.00 | %                                     |  | $ | 0         |  |  | $         | 155 |  |  | $ | 150 |  |  | $ | 152 | 
|                       |  | Forward Taxi Corp              |  | Term Loan                                          |  |                 | 03/15/12 |  |              |  | 03/15/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 150 |  |  | $ | 145 |  |  | $ | 147 | 
|                       |  | Mebele Pierre ##               |  | Term Loan                                          |  |                 | 10/07/10 |  |              |  | 10/07/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 146 |  |  | $ | 147 | 
|                       |  | Charles Agesilas ##            |  | Term Loan                                          |  |                 | 07/10/09 |  |              |  | 07/10/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 146 |  |  | $ | 146 | 
|                       |  | 0127 Incorporated ##           |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 150 |  |  | $ | 144 |  |  | $ | 145 | 
|                       |  | Yves Frantz Philemon           |  | Term Loan                                          |  |                 | 01/20/11 |  |              |  | 01/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 135 |  |  | $ | 136 | 
|                       |  | Renelus Dieujuste ##           |  | Term Loan                                          |  |                 | 12/03/09 |  |              |  | 12/03/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 135 |  |  | $ | 135 | 
|                       |  | Jovin Taxi Inc ##              |  | Term Loan                                          |  |                 | 03/09/09 |  |              |  | 03/09/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 135 |  |  | $ | 135 | 
|                       |  | Three Sons 2 Taxi Inc          |  | Term Loan                                          |  |                 | 10/15/09 |  |              |  | 10/15/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 131 |  |  | $ | 132 | 
|                       |  | Bettie Jean &                  |  | Term Loan                                          |  |                 | 10/11/07 |  |              |  |          |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 131 |  |  | $ | 131 | 
|                       |  | Alhayat Taxi Inc               |  | Term Loan                                          |  |                 | 07/07/11 |  |              |  | 07/07/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 126 |  |  | $ | 128 | 
|                       |  | E-Z-4-U Inc                    |  | Term Loan                                          |  |                 | 01/19/12 |  |              |  | 01/19/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 139 |  |  | $ | 124 |  |  | $ | 126 | 
|                       |  | Amilcar Prophete               |  | Term Loan                                          |  |                 | 04/02/09 |  |              |  | 04/02/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 125 |  |  | $ | 125 | 
|                       |  | Olga Morales                   |  | Term Loan                                          |  |                 | 03/15/12 |  |              |  | 03/15/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 126 |  |  | $ | 122 |  |  | $ | 124 | 
|                       |  | Lucita Dorely                  |  | Term Loan                                          |  |                 | 10/16/09 |  |              |  | 10/15/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 123 |  |  | $ | 123 | 
|                       |  | Louibert Julien                |  | Term Loan                                          |  |                 | 06/19/09 |  |              |  | 06/19/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 122 |  |  | $ | 122 | 
|                       |  | Don Taxi Corp ##               |  | Term Loan                                          |  |                 | 09/02/10 |  |              |  | 09/02/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 108 |  |  | $ | 109 | 
|                       |  | Saintvill #2 Taxi Corp         |  | Term Loan                                          |  |                 | 12/14/09 |  |              |  | 12/03/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 97  |  |  | $ | 97  | 
|                       |  | Gerald Jean-Louis ## &         |  | Term Loan                                          |  |                 | 04/02/09 |  |              |  | 04/02/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 96  |  |  | $ | 96  | 
|                       |  | Praise The Lord Taxi Inc       |  | Term Loan                                          |  |                 | 05/20/11 |  |              |  | 05/20/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 89  |  |  | $ | 90  | 
|                       |  | Clameus Estimable              |  | Term Loan                                          |  |                 | 05/06/10 |  |              |  | 05/06/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 89  |  |  | $ | 89  | 
|                       |  | Gethsemane Inc                 |  | Term Loan                                          |  |                 | 02/27/09 |  |              |  | 02/27/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 7.68 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 88  |  |  | $ | 88  | 
|                       |  | Mr Clean Sdam Taxi Llc         |  | Term Loan                                          |  |                 | 06/09/11 |  |              |  | 06/09/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.75 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 82  |  |  | $ | 84  | 
|                       |  | Pola Trans Inc ##              |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 83  |  |  | $ | 82  |  |  | $ | 83  | 
|                       |  | Pegy Taxi Corp                 |  | Term Loan                                          |  |                 | 02/17/11 |  |              |  | 02/17/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 80  |  |  | $ | 82  | 
|                       |  | Pierre Sterling                |  | Term Loan                                          |  |                 | 01/19/12 |  |              |  | 01/19/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                     |  | $ | 0         |  |  | $         | 93  |  |  | $ | 78  |  |  | $ | 80  | 
|                       |  | Webert Joseph                  |  | Term Loan                                          |  |                 | 02/17/11 |  |              |  | 02/17/17 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 63  |  |  | $ | 65  | 
|                       |  | Jean Belony                    |  | Term Loan                                          |  |                 | 06/09/11 |  |              |  | 06/09/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 56  |  |  | $ | 58  | 
|                       |  | 100 Taxi #2 Corp               |  | Term Loan                                          |  |                 | 07/25/08 |  |              |  | 07/25/15 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 51  |  |  | $ | 51  | 
|                       |  | Saeiid Llc                     |  | Term Loan                                          |  |                 | 09/06/11 |  |              |  | 09/06/16 |             |  |  | 1             |  |  |                  | * |  |                     |  | 6.25 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 40  |  |  | $ | 42  | 
|                       |  | Abanob Trans Inc               |  | Term Loan                                          |  |                 | 06/14/07 |  |              |  | 06/14/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 34  |  |  | $ | 34  | 
|                       |  | Marie T #2 Taxi Corp           |  | Term Loan                                          |  |                 | 12/07/06 |  |              |  | 12/07/13 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 24  |  |  | $ | 24  | 
|                       |  | Marie C Taxi Inc               |  | Term Loan                                          |  |                 | 04/12/07 |  |              |  | 04/12/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 21  |  |  | $ | 21  | 
|                       |  | Graciela Carbajal              |  | Term Loan                                          |  |                 | 05/10/07 |  |              |  | 05/10/14 |             |  |  | 1             |  |  |                  | * |  |                     |  | 8.00 | %                                     |  | $ | 0         |  |  |           |     |  |  | $ | 20  |  |  | $ | 20  | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                       |  |                            |  |                                                    |  |                 |          |  |              |  |          |             |  |  |               |  |  |                  |   |   |                     |  |      |                                       |  |   |           |  |  |           |        |  |  |   |        |  |  |   |        | 
|---------------------- |  | -------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ----------- |  |  | ------------- |  |  | ---------------- | - | - | ------------------- |  | ---- | ------------------------------------- |  | - | --------- |  |  | --------- | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name               |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | # ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |   | CapitalizedInterest |  |      | OriginalCost 
of2012Acquisitions 
(5) |  |   | Cost 
(4) |  |  | FairValue |       
|                       |  | Tchacito #2 Taxi Corp      |  | Term Loan                                          |  |                 | 12/07/06 |  |              |  | 12/07/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 8.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 12     |  |  | $ | 12     | 
|Boston                 |  |                            |  |                                                    |  |                 |          |  |              |  |          |             |  |  | 51            |  |  |                  | 9 | % |                     |  | 5.47 | %                                     |  | $ | 0         |  |  | $         | 13,211 |  |  | $ | 19,713 |  |  | $ | 19,776 | 
|                       |  | Ngozi Trans Inc.           |  | Term Loan                                          |  |                 | 12/31/12 |  |              |  | 12/31/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 660    |  |  | $ | 660    |  |  | $ | 663    | 
|                       |  | Ngozi Trans Inc. ##        |  | Term Loan                                          |  |                 | 04/20/12 |  |              |  | 04/20/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 377    |  |  | $ | 369    |  |  | $ | 371    | 
|                       |  | Ngozi Trans Inc.           |  | Term Loan                                          |  |                 | 12/31/12 |  |              |  | 12/31/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 330    |  |  | $ | 330    |  |  | $ | 333    | 
|                       |  | Chidi Trans Inc ##         |  | Term Loan                                          |  |                 | 11/17/11 |  |              |  | 11/17/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 701    |  |  | $ | 699    | 
|                       |  | Chidi Trans Inc            |  | Term Loan                                          |  |                 | 04/20/12 |  |              |  | 04/20/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 664    |  |  | $ | 655    |  |  | $ | 657    | 
|                       |  | Mish Inc                   |  | Term Loan                                          |  |                 | 12/28/12 |  |              |  | 12/28/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 920    |  |  | $ | 920    |  |  | $ | 918    | 
|                       |  | Southside Enterprises Inc  |  | Term Loan                                          |  |                 | 12/28/12 |  |              |  | 12/28/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 920    |  |  | $ | 920    |  |  | $ | 918    | 
|                       |  | Chiso Trans Inc            |  | Term Loan                                          |  |                 | 04/20/12 |  |              |  | 04/20/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 628    |  |  | $ | 619    |  |  | $ | 621    | 
|                       |  | Arinze Trans Inc           |  | Term Loan                                          |  |                 | 04/20/12 |  |              |  | 04/20/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 621    |  |  | $ | 612    |  |  | $ | 614    | 
|                       |  | Arinze Trans Inc           |  | Term Loan                                          |  |                 | 02/05/10 |  |              |  | 02/05/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.25 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 613    |  |  | $ | 613    | 
|                       |  | Chiso Trans Inc            |  | Term Loan                                          |  |                 | 11/30/09 |  |              |  | 11/30/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.25 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 552    |  |  | $ | 552    | 
|                       |  | Johnson Holdings Inc ##    |  | Term Loan                                          |  |                 | 07/24/08 |  |              |  | 07/24/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 544    |  |  | $ | 542    | 
|                       |  | Gabriel Trans Holdings Inc |  | Term Loan                                          |  |                 | 04/20/12 |  |              |  | 04/20/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 540    |  |  | $ | 530    |  |  | $ | 532    | 
|                       |  | Memory Cab Company Inc ##  |  | Term Loan                                          |  |                 | 01/14/11 |  |              |  | 01/14/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.25 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 533    |  |  | $ | 531    | 
|                       |  | Dadou Cab Inc              |  | Term Loan                                          |  |                 | 11/16/12 |  |              |  | 11/16/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.38 | %                                     |  | $ | 0         |  |  | $         | 469    |  |  | $ | 468    |  |  | $ | 471    | 
|                       |  | Theo & Jj Cab Inc          |  | Term Loan                                          |  |                 | 11/16/12 |  |              |  | 11/16/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.38 | %                                     |  | $ | 0         |  |  | $         | 469    |  |  | $ | 468    |  |  | $ | 471    | 
|                       |  | Bailey Cab Inc             |  | Term Loan                                          |  |                 | 11/09/12 |  |              |  | 11/09/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  | $         | 510    |  |  | $ | 468    |  |  | $ | 471    | 
|                       |  | Joyful Ride Inc            |  | Term Loan                                          |  |                 | 12/28/12 |  |              |  | 12/28/16 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                     |  | $ | 0         |  |  | $         | 460    |  |  | $ | 460    |  |  | $ | 462    | 
|                       |  | Eldali Transportation Inc  |  | Term Loan                                          |  |                 | 11/09/12 |  |              |  | 11/09/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 460    |  |  | $ | 459    |  |  | $ | 462    | 
|                       |  | Ruth Cab Inc               |  | Term Loan                                          |  |                 | 11/09/12 |  |              |  | 11/09/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 460    |  |  | $ | 459    |  |  | $ | 462    | 
|                       |  | Djbell Love Inc ##         |  | Term Loan                                          |  |                 | 09/27/12 |  |              |  | 09/27/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  | $         | 440    |  |  | $ | 439    |  |  | $ | 441    | 
|                       |  | Odat Taxi, Inc. ##         |  | Term Loan                                          |  |                 | 10/15/12 |  |              |  | 10/15/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.38 | %                                     |  | $ | 0         |  |  | $         | 440    |  |  | $ | 438    |  |  | $ | 440    | 
|                       |  | Theo Cab Inc ##            |  | Term Loan                                          |  |                 | 10/15/12 |  |              |  | 10/15/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.38 | %                                     |  | $ | 0         |  |  | $         | 440    |  |  | $ | 438    |  |  | $ | 440    | 
|                       |  | Jv Taxi Inc ##             |  | Term Loan                                          |  |                 | 11/30/12 |  |              |  | 11/30/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 415    |  |  | $ | 414    |  |  | $ | 416    | 
|                       |  | Myra Inc                   |  | Term Loan                                          |  |                 | 10/12/12 |  |              |  | 10/12/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  | $         | 405    |  |  | $ | 404    |  |  | $ | 406    | 
|                       |  | Jason Cab Inc              |  | Term Loan                                          |  |                 | 03/02/12 |  |              |  | 03/02/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.75 | %                                     |  | $ | 0         |  |  | $         | 475    |  |  | $ | 404    |  |  | $ | 406    | 
|                       |  | Saint Inc                  |  | Term Loan                                          |  |                 | 10/12/12 |  |              |  | 10/12/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                     |  | $ | 0         |  |  | $         | 384    |  |  | $ | 383    |  |  | $ | 385    | 
|                       |  | P&P Dumerant Corp &        |  | Term Loan                                          |  |                 | 10/28/11 |  |              |  | 10/28/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 379    |  |  | $ | 381    | 
|                       |  | Jmf Cab Inc ##             |  | Term Loan                                          |  |                 | 03/27/12 |  |              |  | 03/27/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.70 | %                                     |  | $ | 0         |  |  | $         | 360    |  |  | $ | 352    |  |  | $ | 354    | 
|                       |  | H And H Taxi Inc ##        |  | Term Loan                                          |  |                 | 11/17/11 |  |              |  | 11/17/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 342    |  |  | $ | 344    | 
|                       |  | God Is Good Inc ##         |  | Term Loan                                          |  |                 | 02/24/12 |  |              |  | 02/24/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                     |  | $ | 0         |  |  | $         | 346    |  |  | $ | 339    |  |  | $ | 341    | 
|                       |  | Shemarjamalie Cab Inc      |  | Term Loan                                          |  |                 | 02/17/12 |  |              |  | 02/17/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.15 | %                                     |  | $ | 0         |  |  | $         | 335    |  |  | $ | 323    |  |  | $ | 325    | 
|                       |  | Boband Cab Inc ##          |  | Term Loan                                          |  |                 | 11/06/12 |  |              |  | 11/06/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                     |  | $ | 0         |  |  | $         | 304    |  |  | $ | 303    |  |  | $ | 304    | 
|                       |  | Jesus Denis Cab Inc ##     |  | Term Loan                                          |  |                 | 09/24/10 |  |              |  | 09/24/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.25 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 303    |  |  | $ | 304    | 
|                       |  | Louine Cab Inc             |  | Term Loan                                          |  |                 | 11/30/12 |  |              |  | 11/30/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                     |  | $ | 0         |  |  | $         | 300    |  |  | $ | 300    |  |  | $ | 303    | 
|                       |  | Jre Taxi Inc ##            |  | Term Loan                                          |  |                 | 08/26/11 |  |              |  | 08/26/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 291    |  |  | $ | 292    | 
|                       |  | Urzal Taxi Inc ##          |  | Term Loan                                          |  |                 | 11/05/10 |  |              |  | 11/05/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 284    |  |  | $ | 285    | 
|                       |  | Amitaf Cab Inc ##          |  | Term Loan                                          |  |                 | 09/24/10 |  |              |  | 09/24/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.25 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 283    |  |  | $ | 284    | 
|                       |  | Phatricksey Cab Inc ##     |  | Term Loan                                          |  |                 | 07/14/11 |  |              |  | 07/14/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 265    |  |  | $ | 266    | 
|                       |  | Chardon Taxi Inc           |  | Term Loan                                          |  |                 | 10/20/11 |  |              |  | 10/20/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.75 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 257    |  |  | $ | 259    | 
|                       |  | Matrem, Inc. ##            |  | Term Loan                                          |  |                 | 04/11/08 |  |              |  | 04/11/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 233    |  |  | $ | 233    | 
|                       |  | Amour Inc. ##              |  | Term Loan                                          |  |                 | 04/11/08 |  |              |  | 04/11/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 233    |  |  | $ | 232    | 
|                       |  | Agla, Inc. ##              |  | Term Loan                                          |  |                 | 04/11/08 |  |              |  | 04/11/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 3.50 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 233    |  |  | $ | 232    | 
|                       |  | Dabola Cab Inc ##          |  | Term Loan                                          |  |                 | 11/10/11 |  |              |  | 11/10/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 180    |  |  | $ | 181    | 
|                       |  | Stanley & Rachelle Cab Inc |  | Term Loan                                          |  |                 | 05/23/11 |  |              |  | 05/23/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 179    |  |  | $ | 180    | 
|                       |  | Mwinkteana Cab Inc ##      |  | Term Loan                                          |  |                 | 05/10/11 |  |              |  | 05/10/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 162    |  |  | $ | 163    | 
|                       |  | Kena Cab Inc               |  | Term Loan                                          |  |                 | 11/06/12 |  |              |  | 11/06/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                     |  | $ | 0         |  |  | $         | 79     |  |  | $ | 79     |  |  | $ | 81     | 
|                       |  | Johnson Holdings Inc       |  | Term Loan                                          |  |                 | 10/01/10 |  |              |  | 10/01/15 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.63 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 46     |  |  | $ | 47     | 
|                       |  | Sarhad Coach Inc           |  | Term Loan                                          |  |                 | 05/23/08 |  |              |  | 05/23/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 7.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 44     |  |  | $ | 44     | 
|                       |  | Sunshine Cab Inc ##        |  | Term Loan                                          |  |                 | 06/12/07 |  |              |  | 06/12/18 |             |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 27     |  |  | $ | 27     | 
|                       |  | Marthine Cab Inc           |  | Term Loan                                          |  |                 | 09/17/10 |  |              |  | 09/17/14 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.25 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 16     |  |  | $ | 17     | 
|Cambridge              |  |                            |  |                                                    |  |                 |          |  |              |  |          |             |  |  | 18            |  |  |                  | 2 | % |                     |  | 5.74 | %                                     |  | $ | 0         |  |  | $         | 1,720  |  |  | $ | 5,260  |  |  | $ | 5,275  | 
|                       |  | Gcf Taxi Inc ##            |  | Term Loan                                          |  |                 | 10/08/10 |  |              |  | 10/08/13 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.60 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 685    |  |  | $ | 683    | 
|                       |  | Gcf Taxi Inc, Et Al/B Note |  | Term Loan                                          |  |                 | 11/18/10 |  |              |  | 11/18/20 |             |  |  | 1             |  |  |                  | * |   |                     |  | 6.25 | %                                     |  | $ | 0         |  |  |           |        |  |  | $ | 548    |  |  | $ | 550    | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



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|(Dollars in thousands)                                                                  |  |            |  | Obligor Name                                                         |  | Security Type(all restricted unlessotherwisenoted) |          | AcquisitionDate |          |  | MaturityDate |      |          | # ofInvest. |   |   | % ofNetAssets |  |   | InterestRate
(1) |   |   | CapitalizedInterest |         |       | OriginalCost of2012Acquisitions (5) |    |         | Cost (4) |  |  | FairValue |      
|                                                                                        |  |            |  | Mgf Taxi Inc                                                         |  | Term Loan                                          |          |                 | 05/06/11 |  |              |      | 05/06/14 |             |   |   | 1             |  |   |                  | * |   |                     |         | 6.50  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 375   |   |       | $ | 376   | 
|                                                                                        |  |            |  | Hope-Lynn Cabworks Inc ##                                            |  | Term Loan                                          |          |                 | 04/01/11 |  |              |      | 04/01/14 |             |   |   | 1             |  |   |                  | * |   |                     |         | 6.00  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 364   |   |       | $ | 365   | 
|                                                                                        |  |            |  | Desdunes Cab Inc                                                     |  | Term Loan                                          |          |                 | 09/21/12 |  |              |      | 09/21/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 5.00  | %                                   |    | $       | 0        |  |  | $         | 355   |   |       | $ | 352   |   |       | $ | 354   | 
|                                                                                        |  |            |  | Drumman Trans Inc                                                    |  | Term Loan                                          |          |                 | 12/07/12 |  |              |      | 12/07/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 4.50  | %                                   |    | $       | 0        |  |  | $         | 349   |   |       | $ | 349   |   |       | $ | 352   | 
|                                                                                        |  |            |  | Patrick Cab Inc                                                      |  | Term Loan                                          |          |                 | 12/15/09 |  |              |      | 12/15/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 4.50  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 329   |   |       | $ | 329   | 
|                                                                                        |  |            |  | Andrew Cab Inc                                                       |  | Term Loan                                          |          |                 | 12/15/09 |  |              |      | 12/15/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 4.50  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 327   |   |       | $ | 327   | 
|                                                                                        |  |            |  | Legend Trans Inc                                                     |  | Term Loan                                          |          |                 | 01/29/10 |  |              |      | 07/29/13 |             |   |   | 1             |  |   |                  | * |   |                     |         | 7.40  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 310   |   |       | $ | 310   | 
|                                                                                        |  |            |  | Sam Taxi Inc                                                         |  | Term Loan                                          |          |                 | 03/19/10 |  |              |      | 03/10/13 |             |   |   | 1             |  |   |                  | * |   |                     |         | 6.50  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 307   |   |       | $ | 307   | 
|                                                                                        |  |            |  | Marcia And Everton Cab Inc ##                                        |  | Term Loan                                          |          |                 | 11/09/12 |  |              |      | 11/09/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 4.00  | %                                   |    | $       | 0        |  |  | $         | 300   |   |       | $ | 299   |   |       | $ | 300   | 
|                                                                                        |  |            |  | Walger Inc                                                           |  | Term Loan                                          |          |                 | 01/26/12 |  |              |      | 01/26/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 5.50  | %                                   |    | $       | 0        |  |  | $         | 296   |   |       | $ | 290   |   |       | $ | 292   | 
|                                                                                        |  |            |  | Raad Taxi Inc                                                        |  | Term Loan                                          |          |                 | 06/26/12 |  |              |      | 06/26/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 5.50  | %                                   |    | $       | 0        |  |  | $         | 290   |   |       | $ | 286   |   |       | $ | 288   | 
|                                                                                        |  |            |  | Randah Cab Inc ##                                                    |  | Term Loan                                          |          |                 | 11/15/10 |  |              |      | 11/15/13 |             |   |   | 1             |  |   |                  | * |   |                     |         | 5.75  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 207   |   |       | $ | 208   | 
|                                                                                        |  |            |  | Taxi Technology Inc ##                                               |  | Term Loan                                          |          |                 | 10/26/12 |  |              |      | 10/26/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 4.75  | %                                   |    | $       | 0        |  |  | $         | 130   |   |       | $ | 129   |   |       | $ | 131   | 
|                                                                                        |  |            |  | Viel Cab Inc/Mbank                                                   |  | Term Loan                                          |          |                 | 02/19/10 |  |              |      | 02/19/13 |             |   |   | 1             |  |   |                  | * |   |                     |         | 9.22  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 46    |   |       | $ | 46    | 
|                                                                                        |  |            |  | Brattle Transportation Service/Mbank                                 |  | Term Loan                                          |          |                 | 12/17/09 |  |              |      | 12/17/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 7.73  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 39    |   |       | $ | 39    | 
|                                                                                        |  |            |  | Gasperina Trans Inc/Mbank                                            |  | Term Loan                                          |          |                 | 09/19/08 |  |              |      | 03/19/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 8.48  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 18    |   |       | $ | 18    | 
|Other                                                                                   |  |            |  |                                                                      |  |                                                    |          |                 |          |  |              |      |          |             |   |   | 12            |  |   |                  | 1 | % |                     |         | 6.70  | %                                   |    | $       | 0        |  |  | $         | 224   |   |       | $ | 2,899 |   |       | $ | 2,898 | 
|                                                                                        |  |            |  | Dorit Matityahu ##                                                   |  | Term Loan                                          |          |                 | 08/04/11 |  |              |      | 08/04/14 |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 6.25  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 2,132 |   |       | $ | 2,124 | 
|                                                                                        |  |            |  | Tjp Inc ##                                                           |  | Term Loan                                          |          |                 | 01/09/12 |  |              |      | 01/09/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 6.00  | %                                   |    | $       | 0        |  |  | $         | 224   |   |       | $ | 220   |   |       | $ | 221   | 
|                                                                                        |  |            |  | Hantin Trans/Aventura Taxi &                                         |  | Term Loan                                          |          |                 | 06/16/10 |  |              |      | 06/16/17 |             |   |   | 1             |  |   |                  | * |   |                     |         | 8.25  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 145   |   |       | $ | 147   | 
|                                                                                        |  |            |  | Zelalem S. Alemu                                                     |  | Term Loan                                          |          |                 | 04/28/08 |  |              |      | 04/28/13 |             |   |   | 1             |  |   |                  | * |   |                     |         | 11.00 | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 110   |   |       | $ | 110   | 
|                                                                                        |  |            |  | Wiljean Marcelin &                                                   |  | Term Loan                                          |          |                 | 11/17/10 |  |              |      | 12/01/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 8.25  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 102   |   |       | $ | 103   | 
|                                                                                        |  |            |  | Getrot Michel                                                        |  | Term Loan                                          |          |                 | 03/07/08 |  |              |      | 03/23/14 |             |   |   | 1             |  |   |                  | * |   |                     |         | 7.75  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 76    |   |       | $ | 76    | 
|                                                                                        |  |            |  | Elzira & Luc Cab Inc.                                                |  | Term Loan                                          |          |                 | 08/17/10 |  |              |      | 08/17/13 |             |   |   | 1             |  |   |                  | * |   |                     |         | 8.25  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 45    |   |       | $ | 46    | 
|                                                                                        |  |            |  | Elysse Corporation                                                   |  | Term Loan                                          |          |                 | 09/10/10 |  |              |      | 03/10/18 |             |   |   | 1             |  |   |                  | * |   |                     |         | 8.25  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 30    |   |       | $ | 32    | 
|                                                                                        |  |            |  | Wiljean Marcelin/Fs &                                                |  | Term Loan                                          |          |                 | 11/17/10 |  |              |      | 12/01/15 |             |   |   | 1             |  |   |                  | * |   |                     |         | 7.00  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 15    |   |       | $ | 15    | 
|                                                                                        |  |            |  | Oddy Transportation Services I                                       |  | Term Loan                                          |          |                 | 11/26/07 |  |              |      | 11/27/14 |             |   |   | 1             |  |   |                  | * |   |                     |         | 8.00  | %                                   |    | $       | 0        |  |  |           |       |   |       | $ | 14    |   |       | $ | 14    | 
|                                                                                        |  |            |  | 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 ($227,521 pledged as collateral under
borrowingarrangements)      |  |            |  | 715                                                                  |  |                                                    |          | 136             | %        |  |              | 4.46 | %        |             | $ | 0 |               |  | $ | 151,685          |   |   | $                   | 294,183 |       |                                     | $  | 294,388 |         
|                                                                                        |  |            |  |                                                                      |  |                                                    |          |                 |          |  |              |      |          |             |   |   |               |  |   |                  |   |   |                     |         |       |                                     |    |         |          |  |  |           |       |   |       |   |       |   |       |   |       | 
|Commercial Loans                                                                        |  |            |  |                                                                      |  |                                                    |          |                 |          |  |              |      |          |             |   |   |               |  |   |                  |   |   |                     |         |       |                                     |    |         |          |  |  |           |       |   |       |   |       |  
|Secured mezzanine(29% Minnesota, 14% Oklahoma, 9% North Carolina, 9% Texas, 8% New
York |  |            |  |                                                                      |  |                                                    |          |                 |          |  |              |      |          |             |   |   |               |  |   |                  |   |   |                     |         |       |                                     |    |         |          |  |  |           |       |   |       |   |       |  
|7% California, 6% Wisconsin, 5% Arizona, 5% Florida and 8% all other states(2)          |  |            |  |                                                                      |  |                                                    |          |                 |          |  |              |      |          |             |   |   |               |  |   |                  |   |   |                     |         |       |                                     |    |         |          |  |  |           |       |   |       |  
|Manufacturing (68% of the total)                                                        |  | Reel Power |  | Term loan                                                            |  |                                                    | 12/31/09 |                 |          |  | 02/04/14     |      |          |             | 1 |   |               |  | 2 | %                |   |   | 14.00               | %       |       | $                                   | 86 |         |          |  |  |           |       | $ | 3,587 |   |       | $ | 3,587 |  
|                                                                                        |  |            |  | Bluff Manufacturing (interest rate includes PIK interest of 3.50%)   |  | Term loan                                          |          |                 | 12/14/12 |  |              |      | 12/14/17 |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 15.50 | %                                   |    | $       | 5        |  |  | $         | 3,000 |   |       | $ | 3,005 |   |       | $ | 3,016 | 
|                                                                                        |  |            |  | Process Fab & (interest rate includes PIK interest of 8.00%)         |  | Term loan                                          |          |                 | 04/17/08 |  |              |      | 12/31/15 |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 8.00  | %                                   |    |         |          |  |  |           |       |   |       | $ | 4,500 |   |       | $ | 2,815 | 
|                                                                                        |  |            |  | Quaker Bakery (interest rate includes PIK interest of 5.00%)         |  | Term loan                                          |          |                 | 03/28/12 |  |              |      | 03/28/17 |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 17.00 | %                                   |    | $       | 103      |  |  | $         | 2,600 |   |       | $ | 2,703 |   |       | $ | 2,692 | 
|                                                                                        |  | +          |  | Packaging Specialists (interest rate includes PIK interest of 6.00%) |  | Term loan                                          |          |                 | 04/01/08 |  |              |      | 12/31/13 |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 14.00 | %                                   |    | $       | 224      |  |  |           |       |   |       | $ | 2,214 |   |       | $ | 2,214 | 
|                                                                                        |  |            |  | Aeration & (interest rate includes PIK interest of 21.00%)           |  | Term loan                                          |          |                 | 12/31/10 |  |              |      | 04/30/13 |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 21.00 | %                                   |    | $       | 81       |  |  |           |       |   |       | $ | 2,416 |   |       | $ | 2,187 | 
|                                                                                        |  | +          |  | PACA Foods &                                                         |  | Term loan                                          |          |                 | 12/31/10 |  |              |      | 12/31/15 |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 13.00 | %                                   |    |         |          |  |  |           |       |   |       | $ | 2,623 |   |       | $ | 2,021 | 
|                                                                                        |  |            |  | Dynamic Systems (interest rate includes PIK interest of 3.50%)       |  | Term loan                                          |          |                 | 12/23/10 |  |              |      | 12/23/17 |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 15.50 | %                                   |    | $       | 33       |  |  |           |       |   |       | $ | 1,858 |   |       | $ | 1,858 | 
|                                                                                        |  | +          |  | RespirTech                                                           |  | Term loan                                          |          |                 | 04/25/12 |  |              |      | 04/25/17 |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 12.00 | %                                   |    |         |          |  |  | $         | 1,500 |   |       | $ | 1,500 |   |       | $ | 1,510 | 
|                                                                                        |  |            |  | Orchard &                                                            |  | Term loan                                          |          |                 | 03/10/99 |  |              |      | Matured  |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 13.00 | %                                   |    |         |          |  |  |           |       |   |       | $ | 1,390 |   |       | $ | 1,390 | 
|                                                                                        |  |            |  | Motion Tech (interest rate includes PIK interest of 6.00%)           |  | Term loan                                          |          |                 | 12/23/10 |  |              |      | 12/23/15 |             |   |   | 1             |  |   |                  | 1 | % |                     |         | 18.00 | %                                   |    | $       | 38       |  |  |           |       |   |       | $ | 1,325 |   |       | $ | 1,329 | 
|                                                                                        |  | +          |  | Door Engineering                                                     |  | Term loan                                          |          |                 | 12/15/04 |  |              |      | 12/31/14 |             |   |   | 1             |  |   |                  | * |   |                     |         | 13.00 | %                                   |    |         |          |  |  |           |       |   |       | $ | 1,050 |   |       | $ | 1,042 | 
|                                                                                        |  | +          |  | Waltek                                                               |  | Term loan                                          |          |                 | 03/31/06 |  |              |      | 03/31/13 |             |   |   | 1             |  |   |                  | * |   |                     |         | 12.00 | %                                   |    | $       | 62       |  |  |           |       |   |       | $ | 1,041 |   |       | $ | 1,041 | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                                                                                                         |  |              |  |                                                                           |  |                          |  |  |              |  |  |             |          |  |               |  |    |                  |  |  |                     |   |  |                                     |       |   |           |   |        |           |  |   |        |  |  |    |        |  |  |    |       | 
|-------------------------------------------------------------------------------------------------------- |  | ------------ |  | ------------------------------------------------------------------------- |  | ------------------------ |  |  | ------------ |  |  | ----------- | -------- |  | ------------- |  | -- | ---------------- |  |  | ------------------- | - |  | ----------------------------------- | ----- | - | --------- | - | ------ | --------- |  | - | ------ |  |  | -- | ------ |  |  | -- | ----- | 
|(Dollars in thousands)                                                                                   |  | Obligor Name |  | Security Type(all restricted unlessotherwisenoted)                        |  | AcquisitionDate          |  |  | MaturityDate |  |  | # ofInvest. |          |  | % ofNetAssets |  |    | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost of2012Acquisitions (5) |       |   | Cost 
(4) |   |        | FairValue | 
|                                                                                                         |  |              |  | Storflex (interest rate includes PIK interest of 2.00%)                   |  | Term loan                |  |  | 07/17/12     |  |  |             | 07/17/17 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 14.00 | % |           |   |        |           |  | $ | 1,000  |  |  | $  | 1,000  |  |  | $  | 1,013 | 
|                                                                                                         |  | +            |  | DMI Acquisition (interest rate includes PIK interest of 2.00%)            |  | Term loan                |  |  | 06/22/12     |  |  |             | 06/22/15 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 14.00 | % |           | $ | 7      |           |  | $ | 625    |  |  | $  | 632    |  |  | $  | 642   | 
|Administrative and Support Services (12% of the total)                                                   |  |              |  | Verifications                                                             |  | Term loan                |  |  | 09/06/12     |  |  |             | 09/06/17 |  |               |  | 1  |                  |  |  | 1                   | % |  |                                     | 12.00 | % |           |   |        |           |  | $ | 2,500  |  |  | $  | 2,500  |  |  | $  | 2,517 | 
|                                                                                                         |  | +            |  | Staff One & (interest rate includes PIK interest of 13.00%)               |  | Term loan                |  |  | 06/30/08     |  |  |             | 12/31/13 |  |               |  | 1  |                  |  |  | 1                   | % |  |                                     | 13.00 | % |           |   |        |           |  |   |        |  |  | $  | 3,306  |  |  | $  | 1,854 | 
|                                                                                                         |  | +            |  | Staff One & (interest rate includes PIK interest of 13.00%)               |  | Term loan                |  |  | 09/15/11     |  |  |             | 12/31/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 13.00 | % |           |   |        |           |  |   |        |  |  | $  | 615    |  |  | $  | 615   | 
|                                                                                                         |  |              |  | Ecological Systems (ESI) & (interest rate includes PIK interest of 9.00%) |  | Term loan                |  |  | 01/14/05     |  |  |             | Matured  |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 19.00 | % |           | $ | 198    |           |  |   |        |  |  | $  | 989    |  |  | $  | 0     | 
|Arts, Entertainment, and Recreation (9% of the total)                                                    |  |              |  | RPAC Racing (interest rate includes PIK interest of 10.00%)               |  | Term loan                |  |  | 11/19/10     |  |  |             | 11/19/15 |  |               |  | 1  |                  |  |  | 2                   | % |  |                                     | 10.00 | % |           | $ | 703    |           |  |   |        |  |  | $  | 3,742  |  |  | $  | 3,742 | 
|Professional, Scientific, and Technical Services (6% of the total)                                       |  | +            |  | Portu-Sunberg                                                             |  | Term loan                |  |  | 12/31/12     |  |  |             | 12/31/17 |  |               |  | 1  |                  |  |  | 1                   | % |  |                                     | 12.00 | % |           |   |        |           |  | $ | 2,500  |  |  | $  | 2,500  |  |  | $  | 2,514 | 
|                                                                                                         |  |              |  | McCaully &                                                                |  | Term loan                |  |  | 10/26/11     |  |  |             | 11/01/14 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 10.00 | % |           | $ | 96     |           |  |   |        |  |  | $  | 96     |  |  | $  | 96    | 
|Accommodation and Food Services (2% of the total)                                                        |  |              |  | Javier & David                                                            |  | Term loan                |  |  | 11/05/10     |  |  |             | 11/05/15 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 9.25  | % |           |   |        |           |  |   |        |  |  | $  | 577    |  |  | $  | 573   | 
|                                                                                                         |  |              |  | Star &                                                                    |  | Term loan                |  |  | 06/30/00     |  |  |             | 10/01/15 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 10.00 | % |           |   |        |           |  |   |        |  |  | $  | 1,197  |  |  | $  | 231   | 
|                                                                                                         |  |              |  | Multiconcepts &                                                           |  | Term loan                |  |  | 06/30/00     |  |  |             | 10/01/15 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 10.00 | % |           | $ | 179    |           |  |   |        |  |  | $  | 1,261  |  |  | $  | 181   | 
|Health Care and Social Assistance (2% of the total)                                                      |  | +            |  | Will Vision &                                                             |  | Term loan                |  |  | 06/28/07     |  |  |             | 06/30/17 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 7.00  | % |           |   |        |           |  |   |        |  |  | $  | 1,219  |  |  | $  | 919   | 
|Retail Trade (1% of the total)                                                                           |  |              |  | Retail &                                                                  |  | Term loan                |  |  | 06/30/00     |  |  |             | 10/01/15 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 10.00 | % |           | $ | 2      |           |  |   |        |  |  | $  | 610    |  |  | $  | 234   | 
|                                                                                                         |  |              |  |                                                                           |  |                          |  |  |              |  |  |             |          |  |               |  |    |                  |  |  |                     |   |  |                                     |       |   |           |   |        |           |  |   |        |  |  |    |        |  |  |    |       | 
|Total secured mezzanine
(2)                                                                              |  |              |  |                                                                           |  |                          |  |  |              |  |  |             | 27       |  |               |  | 19 | %                |  |  | 13.04               | % |  | $                                   | 1,817 |   |           | $ | 13,725 |           |  | $ | 49,456 |  |  | $  | 41,833 | 
|                                                                                                         |  |              |  |                                                                           |  |                          |  |  |              |  |  |             |          |  |               |  |    |                  |  |  |                     |   |  |                                     |       |   |           |   |        |           |  |   |        |  |  |    |        |  |  |    |       | 
|Asset-based Other secured commercial (74% New York, 12% New Jersey, 5% Delaware and 9% all other
states) |  |              |  |                                                                           |  |                          |  |  |             
|Wholesale Trade (43% of the total)                                                                       |  |              |  | Capitalsea, LLC ##                                                        |  | Revolving line of credit |  |  | 11/07/05     |  |  |             | 11/07/13 |  |               |  | 1  |                  |  |  | 1                   | % |  |                                     | 4.50  | % |           | $ | 0      |           |  |   |        |  |  | $  | 1,558  |  |  | $  | 1,530 | 
|                                                                                                         |  |              |  | Newburg Egg Corp. ##                                                      |  | Revolving line of credit |  |  | 03/16/99     |  |  |             | 03/16/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 6.00  | % |           | $ | 0      |           |  |   |        |  |  | $  | 967    |  |  | $  | 953   | 
|                                                                                                         |  |              |  | REL International                                                         |  | Revolving line of credit |  |  | 04/11/07     |  |  |             | 04/11/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 5.25  | % |           | $ | 0      |           |  |   |        |  |  | $  | 258    |  |  | $  | 250   | 
|                                                                                                         |  |              |  | Snow Shoe Refractories, LLC                                               |  | Revolving line of credit |  |  | 11/30/11     |  |  |             | 11/30/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 6.00  | % |           | $ | 0      |           |  |   |        |  |  | $  | 255    |  |  | $  | 247   | 
|                                                                                                         |  |              |  | Magic Moments                                                             |  | Revolving line of credit |  |  | 01/23/08     |  |  |             | 01/23/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 6.75  | % |           | $ | 0      |           |  |   |        |  |  | $  | 205    |  |  | $  | 201   | 
|                                                                                                         |  |              |  | Pride of Neptune, Inc. ##                                                 |  | Revolving line of credit |  |  | 01/14/02     |  |  |             | 01/14/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 4.75  | % |           | $ | 0      |           |  |   |        |  |  | $  | 162    |  |  | $  | 160   | 
|                                                                                                         |  |              |  | Atlantic Veal & Lamb, Inc. ##                                             |  | Revolving line of credit |  |  | 08/15/01     |  |  |             | 08/15/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 5.50  | % |           | $ | 0      |           |  |   |        |  |  | $  | 97     |  |  | $  | 96    | 
|                                                                                                         |  |              |  | Southstream Seafoods, Inc                                                 |  | Revolving line of credit |  |  | 06/01/12     |  |  |             | 06/01/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 6.25  | % |           | $ | 0      |           |  | $ | 74     |  |  | $  | 74     |  |  | $  | 73    | 
|                                                                                                         |  |              |  | Banner Smoked Fish, Inc. ##                                               |  | Revolving line of credit |  |  | 03/27/01     |  |  |             | 03/27/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 5.25  | % |           | $ | 0      |           |  |   |        |  |  | $  | 54     |  |  | $  | 53    | 
|                                                                                                         |  |              |  | Two Cousins Fish Market, Inc.                                             |  | Revolving line of credit |  |  | 01/23/99     |  |  |             | 01/23/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 5.25  | % |           | $ | 0      |           |  |   |        |  |  | -$ | 59     |  |  | -$ | 59    | 
|Transportation and Warehousing (19% of the total)                                                        |  |              |  | Fleet Radio Dispatch Corp. ##                                             |  | Revolving line of credit |  |  | 12/31/01     |  |  |             | 12/31/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 6.00  | % |           | $ | 0      |           |  |   |        |  |  | $  | 771    |  |  | $  | 760   | 
|                                                                                                         |  |              |  | Communicar Incorporated ##                                                |  | Revolving line of credit |  |  | 02/06/04     |  |  |             | 02/06/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 7.25  | % |           | $ | 0      |           |  |   |        |  |  | $  | 370    |  |  | $  | 365   | 
|                                                                                                         |  |              |  | Chauffeured Services Unlimited                                            |  | Revolving line of credit |  |  | 05/02/06     |  |  |             | 05/02/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 8.00  | % |           | $ | 0      |           |  |   |        |  |  | $  | 208    |  |  | $  | 205   | 
|                                                                                                         |  |              |  | Big Daddy Drayage, Inc.                                                   |  | Revolving line of credit |  |  | 10/18/06     |  |  |             | 10/18/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 5.75  | % |           | $ | 0      |           |  |   |        |  |  | $  | 162    |  |  | $  | 152   | 
|                                                                                                         |  |              |  | Luxury Worldwide                                                          |  | Revolving line of credit |  |  | 07/20/07     |  |  |             | 07/20/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 5.75  | % |           | $ | 0      |           |  |   |        |  |  | -$ | 52     |  |  | -$ | 55    | 
|Retail Trade (10% of the total)                                                                          |  |              |  | I & E Tire Corp. ##                                                       |  | Revolving line of credit |  |  | 12/21/98     |  |  |             | 12/21/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 5.75  | % |           | $ | 0      |           |  |   |        |  |  | $  | 326    |  |  | $  | 321   | 
|                                                                                                         |  |              |  | Cyrus R. Fox, Inc. ##                                                     |  | Revolving line of credit |  |  | 08/31/06     |  |  |             | 08/31/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 5.75  | % |           | $ | 0      |           |  |   |        |  |  | $  | 167    |  |  | $  | 157   | 
|                                                                                                         |  |              |  | CNC Associated N.Y.                                                       |  | Revolving line of credit |  |  | 07/24/01     |  |  |             | 07/24/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 5.75  | % |           | $ | 0      |           |  |   |        |  |  | $  | 120    |  |  | $  | 118   | 
|                                                                                                         |  |              |  | Colt, Inc.                                                                |  | Revolving line of credit |  |  | 10/12/04     |  |  |             | 10/12/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 6.31  | % |           | $ | 0      |           |  |   |        |  |  | $  | 71     |  |  | $  | 67    | 
|                                                                                                         |  |              |  | The Dependable Food Corp. ##                                              |  | Revolving line of credit |  |  | 10/19/98     |  |  |             | 10/19/13 |  |               |  | 1  |                  |  |  | *                   |   |  |                                     | 4.75  | % |           | $ | 0      |           |  |   |        |  |  | $  | 54     |  |  | $  | 53    | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012



|                                                                              |  |              |  |                                                    |  |                          |  |   |              |  |  |             |          |  |               |   |   |                  |   |     |                     |   |   |                                     |       |   |           |       |   |           |  |   |     |  |  |    |       |  |  |    |       | 
|----------------------------------------------------------------------------- |  | ------------ |  | -------------------------------------------------- |  | ------------------------ |  | - | ------------ |  |  | ----------- | -------- |  | ------------- | - | - | ---------------- | - | --- | ------------------- | - | - | ----------------------------------- | ----- | - | --------- | ----- | - | --------- |  | - | --- |  |  | -- | ----- |  |  | -- | ----- | 
|(Dollars in thousands)                                                        |  | Obligor Name |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate          |  |   | MaturityDate |  |  | # ofInvest. |          |  | % ofNetAssets |   |   | InterestRate
(1) |   |     | CapitalizedInterest |   |   | OriginalCost of2012Acquisitions (5) |       |   | Cost 
(4) |       |   | FairValue | 
|Finance and Insurance (9% of the total)                                       |  |              |  | Merchant Advance, LLC                              |  | Revolving line of credit |  |   | 10/25/05     |  |  |             | 10/25/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 6.25  | % |           | $     | 0 |           |  |   |     |  |  | $  | 250   |  |  | $  | 231   | 
|                                                                              |  |              |  | US Military                                        |  | Revolving line of credit |  |   | 07/25/07     |  |  |             | 07/25/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 4.25  | % |           | $     | 0 |           |  |   |     |  |  | $  | 148   |  |  | $  | 139   | 
|                                                                              |  |              |  | Special Financing Company, LLC                     |  | Revolving line of credit |  |   | 02/06/02     |  |  |             | 02/06/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 8.25  | % |           | $     | 0 |           |  |   |     |  |  | $  | 100   |  |  | $  | 99    | 
|                                                                              |  |              |  | RAS Group, Inc.                                    |  | Revolving line of credit |  |   | 02/14/08     |  |  |             | 02/14/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 5.50  | % |           | $     | 0 |           |  |   |     |  |  | $  | 75    |  |  | $  | 72    | 
|                                                                              |  |              |  | United First Federal Corp.                         |  | Revolving line of credit |  |   | 08/04/03     |  |  |             | 08/04/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 7.75  | % |           | $     | 0 |           |  |   |     |  |  | $  | 72    |  |  | $  | 71    | 
|                                                                              |  |              |  | North Shore Leasing & Funding                      |  | Revolving line of credit |  |   | 11/10/11     |  |  |             | 11/10/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 8.25  | % |           | $     | 0 |           |  |   |     |  |  | $  | 33    |  |  | $  | 32    | 
|Construction (7% of the total)                                                |  |              |  | Triple A. Supplies, Inc. ##                        |  | Revolving line of credit |  |   | 07/20/99     |  |  |             | 07/20/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 5.75  | % |           | $     | 0 |           |  |   |     |  |  | $  | 528   |  |  | $  | 520   | 
|                                                                              |  |              |  | Dritac Flooring Products, LLC                      |  | Revolving line of credit |  |   | 06/29/99     |  |  |             | 06/29/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 6.00  | % |           | $     | 0 |           |  |   |     |  |  | $  | 27    |  |  | $  | 26    | 
|Manufacturing (7% of the total)                                               |  |              |  | Fine Line Graphics, Inc.                           |  | Revolving line of credit |  |   | 11/29/05     |  |  |             | 11/29/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 6.50  | % |           | $     | 0 |           |  |   |     |  |  | $  | 159   |  |  | $  | 147   | 
|                                                                              |  |              |  | Danbury Pharma, LLC                                |  | Revolving line of credit |  |   | 05/06/11     |  |  |             | 05/06/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 7.00  | % |           | $     | 0 |           |  |   |     |  |  | $  | 141   |  |  | $  | 140   | 
|                                                                              |  |              |  | Matthew Die Division LLC                           |  | Revolving line of credit |  |   | 02/18/10     |  |  |             | 02/18/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 6.25  | % |           | $     | 0 |           |  |   |     |  |  | $  | 78    |  |  | $  | 76    | 
|                                                                              |  |              |  | American Bio Medica Corp.                          |  | Revolving line of credit |  |   | 04/20/12     |  |  |             | 04/20/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 7.25  | % |           | $     | 0 |           |  | $ | 58  |  |  | $  | 58    |  |  | $  | 61    | 
|                                                                              |  |              |  | Absecon Mills, Inc. ##                             |  | Revolving line of credit |  |   | 07/07/04     |  |  |             | 07/07/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 6.25  | % |           | $     | 0 |           |  |   |     |  |  | $  | 58    |  |  | $  | 51    | 
|                                                                              |  |              |  | JLM Couture Inc.                                   |  | Revolving line of credit |  |   | 06/22/10     |  |  |             | 06/22/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 5.75  | % |           | $     | 0 |           |  |   |     |  |  | $  | 23    |  |  | $  | 20    | 
|                                                                              |  |              |  | Douglass Industries, Inc. ##                       |  | Revolving line of credit |  |   | 07/07/04     |  |  |             | 07/07/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 6.25  | % |           | $     | 0 |           |  |   |     |  |  | $  | 12    |  |  | $  | 10    | 
|Administrative and Support Services (4% of the total)                         |  |              |  | Empro, Inc. (HHCNY, Inc)                           |  | Revolving line of credit |  |   | 06/22/04     |  |  |             | 06/22/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 5.75  | % |           | $     | 0 |           |  |   |     |  |  | $  | 165   |  |  | $  | 157   | 
|                                                                              |  |              |  | Raritan Building Service Corp                      |  | Revolving line of credit |  |   | 06/30/07     |  |  |             | 06/30/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 5.50  | % |           | $     | 0 |           |  |   |     |  |  | $  | 143   |  |  | $  | 138   | 
|Accommodation and Food Services (1% of the total)                             |  |              |  | Flaum Appetizing Corp.                             |  | Revolving line of credit |  |   | 04/27/11     |  |  |             | 04/27/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 6.00  | % |           | $     | 0 |           |  |   |     |  |  | $  | 66    |  |  | $  | 64    | 
|Health Care and Social Assistance (0% of the total)                           |  |              |  | Heart to Heart Health Care                         |  | Revolving line of credit |  |   | 11/09/12     |  |  |             | 11/09/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 5.75  | % |           | $     | 0 |           |  | $ | 15  |  |  | $  | 15    |  |  | $  | 12    | 
|                                                                              |  |              |  | Heart to Heart Home Care ##                        |  | Revolving line of credit |  |   | 10/02/07     |  |  |             | 10/02/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 5.75  | % |           | $     | 0 |           |  |   |     |  |  | -$ | 288   |  |  | -$ | 301   | 
|                                                                              |  |              |  |                                                    |  |                          |  |   |              |  |  |             |          |  |               |   |   |                  |   |     |                     |   |   |                                     |       |   |           |       |   |           |  |   |     |  |  |    |       |  |  |    |       | 
|Total asset-based ($5,755 pledged as collateral under borrowing arrangements) |  |              |  | 40                                                 |  |                          |  | 3 | %            |  |  | 5.79        | %        |  | $             | 0 |   |                  | $ | 147 |                     |   | $ | 7,631                               |       |   | $         | 7,412 |  
|                                                                              |  |              |  |                                                    |  |                          |  |   |              |  |  |             |          |  |               |   |   |                  |   |     |                     |   |   |                                     |       |   |           |       |   |           |  |   |     |  |  |    |       |  |  |    |       | 
|Other secured commercial (69% New York, 29% New Jersey, 2% Illinois)          |  |              |  |                                                    |  |                          |  |   |             
|Accommodation and Food Services (47% of the total)                            |  |              |  | Dune Deck Owners Corp ##                           |  | Term loan                |  |   | 04/24/07     |  |  |             | 03/31/14 |  |               |   | 1 |                  |   |     | 1                   | % |   |                                     | 7.25  | % |           |       |   |           |  |   |     |  |  | $  | 3,081 |  |  | $  | 3,081 | 
|                                                                              |  |              |  | El Tropico Family Rest Ii Llc &                    |  | Term loan                |  |   | 11/29/05     |  |  |             | 03/18/14 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 4.50  | % |           |       |   |           |  |   |     |  |  | $  | 306   |  |  | $  | 244   | 
|                                                                              |  |              |  | Cardenas Corp                                      |  | Term loan                |  |   | 07/29/08     |  |  |             | 02/25/15 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 10.50 | % |           |       |   |           |  |   |     |  |  | $  | 185   |  |  | $  | 184   | 
|                                                                              |  |              |  | Pc One Inc Dba The Willett Hou                     |  | Term loan                |  |   | 05/25/05     |  |  |             | 03/25/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 8.50  | % |           |       |   |           |  |   |     |  |  | $  | 129   |  |  | $  | 129   | 
|Retail Trade (47% of the total)                                               |  |              |  | Guyonamar Food Corp                                |  | Term loan                |  |   | 03/17/11     |  |  |             | 03/17/16 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 9.25  | % |           |       |   |           |  |   |     |  |  | $  | 709   |  |  | $  | 705   | 
|                                                                              |  |              |  | Antonio Rosado                                     |  | Term loan                |  |   | 03/15/12     |  |  |             | 03/15/17 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 9.50  | % |           |       |   |           |  | $ | 675 |  |  | $  | 645   |  |  | $  | 640   | 
|                                                                              |  |              |  | La Conga Food Market Inc                           |  | Term loan                |  |   | 10/09/12     |  |  |             | 01/09/20 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 9.00  | % |           |       |   |           |  | $ | 600 |  |  | $  | 600   |  |  | $  | 594   | 
|                                                                              |  |              |  | 616 Broadway Llc                                   |  | Term loan                |  |   | 02/10/11     |  |  |             | 12/17/14 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 8.50  | % |           |       |   |           |  |   |     |  |  | $  | 339   |  |  | $  | 340   | 
|                                                                              |  |              |  | F.J.P. Meat Market Inc &                           |  | Term loan                |  |   | 02/06/12     |  |  |             | 02/06/17 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 9.50  | % |           |       |   |           |  | $ | 360 |  |  | $  | 322   |  |  | $  | 320   | 
|                                                                              |  |              |  | East Bronx Food Corp                               |  | Term loan                |  |   | 04/06/12     |  |  |             | 04/06/19 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 9.50  | % |           |       |   |           |  | $ | 337 |  |  | $  | 315   |  |  | $  | 313   | 
|                                                                              |  |              |  | Drr Enterprises Llc                                |  | Term loan                |  |   | 10/28/08     |  |  |             | 10/17/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 11.00 | % |           |       |   |           |  |   |     |  |  | $  | 180   |  |  | $  | 180   | 
|                                                                              |  |              |  | New Era Meat Supermarket Llc                       |  | Term loan                |  |   | 09/13/06     |  |  |             | 09/16/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 12.00 | % |           |       |   |           |  |   |     |  |  | $  | 114   |  |  | $  | 114   | 
|                                                                              |  |              |  | Mi Favorita Food Corp &                            |  | Term loan                |  |   | 08/13/09     |  |  |             | 12/26/14 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 9.25  | % |           |       |   |           |  |   |     |  |  | $  | 92    |  |  | $  | 92    | 
|                                                                              |  |              |  | Moderne Barn Wines&Spirits Inc                     |  | Term loan                |  |   | 12/07/09     |  |  |             | 08/09/16 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 6.00  | % |           |       |   |           |  |   |     |  |  | $  | 85    |  |  | $  | 85    | 
|                                                                              |  |              |  | G&C Grocery Inc &                                  |  | Term loan                |  |   | 05/19/08     |  |  |             | 08/23/15 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 0.00  | % |           |       |   |           |  |   |     |  |  | $  | 77    |  |  | $  | 77    | 
|                                                                              |  |              |  | 39-04 Skillman Llc & G&A Auto                      |  | Term loan                |  |   | 08/04/11     |  |  |             | 08/04/14 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 6.00  | % |           |       |   |           |  |   |     |  |  | $  | 70    |  |  | $  | 71    | 
|                                                                              |  |              |  | Julio Castillo &                                   |  | Term loan                |  |   | 08/18/08     |  |  |             | 03/01/14 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 10.50 | % |           |       |   |           |  |   |     |  |  | $  | 56    |  |  | $  | 56    | 
|                                                                              |  |              |  | Salomon Deli Grocery Corp &                        |  | Term loan                |  |   | 05/19/08     |  |  |             | 05/19/13 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 10.75 | % |           |       |   |           |  |   |     |  |  | $  | 24    |  |  | $  | 24    | 
|Other Services (except Public Administration) (3% of the total)               |  |              |  | 2617 S Wabash Ave Realty Llc                       |  | Term loan                |  |   | 01/16/04     |  |  |             | 01/16/14 |  |               |   | 1 |                  |   |     | *                   |   |   |                                     | 5.50  | % |           |       |   |           |  |   |     |  |  | $  | 137   |  |  | $  | 137   | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012

|                                                                                                 |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|------------------------------------------------------------------------------------------------ |  | - | --- | ---------------------------------------------- |  | ----------------------------------------------------- | --- | --------------- | - | ------------ | ----- | ----------- | - | - | ------------- |  | ---- | ---------------- | ------- | - | ------------------- | - | ------- | ---------------------------------- | - | - | -------- | - | ----- | --------- |  | - | ------ |  |  | - | ------ | 
|(Dollars inthousands)                                                                            |  |   |     | Obligor Name                                   |  | Security Type
(all restricted unless otherwise noted) |     | AcquisitionDate |   | MaturityDate |       | # ofInvest. |   |   | % ofNetAssets |  |      | InterestRate (1) |         |   | CapitalizedInterest |   |         | OriginalCost of2011Acquisitions(5) |   |   | Cost (4) |   |       | FairValue | 
|                                                                                                 |  |   |     | Newco Laundry Systems I Inc                    |  | Term loan                                             |     | 05/02/09        |   | 05/02/14     |       |             | 1 |   |               |  | *    |                  |         |   | 6.50                | % |         |                                    |   |   |          |   |       |           |  | $ | 84     |  |  | $ | 84     | 
|Real Estate and Rental and Leasing (3% of the total)                                             |  |   |     | Rala Management                                |  | Term loan                                             |     | 04/22/99        |   | 09/01/15     |       |             | 1 |   |               |  | *    |                  |         |   | 4.75                | % |         |                                    |   |   |          |   |       |           |  | $ | 118    |  |  | $ | 118    | 
|                                                                                                 |  |   |     | Thursday Morning Inc                           |  | Term loan                                             |     | 04/01/10        |   | 04/01/15     |       |             | 1 |   |               |  | *    |                  |         |   | 6.00                | % |         |                                    |   |   |          |   |       |           |  | $ | 79     |  |  | $ | 78     | 
|Transportation and Warehousing (0% of the total)                                                 |  |   |     | Pro-Serve Auto Care Inc                        |  | Term loan                                             |     | 12/02/10        |   | 11/22/13     |       |             | 1 |   |               |  | *    |                  |         |   | 6.50                | % |         |                                    |   |   |          |   |       |           |  | $ | 7      |  |  | $ | 8      | 
|                                                                                                 |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|Total other secured commercial loans ($3,081 pledged as collateral under borrowing
arrangements) |  |   | 23  |                                                |  |                                                       | 4   | %               |   |              | 8.01  | %           |   | $ | 0             |  |      | $                | 1,972   |   |                     | $ | 7,754   |                                    |   | $ | 7,674    |  
|                                                                                                 |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|Total commercial loans ($8,836 pledged as collateral under borrowing arrangements) (2)           |  |   | 90  |                                                |  |                                                       | 26  | %               |   |              | 11.59 | %           |   | $ | 1,817         |  |      | $                | 15,844  |   |                     | $ | 64,841  |                                    |   | $ | 56,919   |  
|                                                                                                 |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|Commercial Banking                                                                               |  |   |     | Medallion Bank **                              |  | 100% of common stock                                  |     | 05/16/02        |   | None         |       |             | 1 |   |               |  | 43   | %                |         |   | 11.39               | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 92,169 |  |  | $ | 92,169 | 
|Art Dealer                                                                                       |  |   |     | Medallion Fine Art, Inc.                       |  | 100% of common stock                                  |     | 12/03/12        |   | None         |       |             | 1 |   |               |  | 1    | %                |         |   | 0.00                | % |         | $                                  | 0 |   |          | $ | 2,843 |           |  | $ | 2,843  |  |  | $ | 2,843  | 
|Real Estate                                                                                      |  |   |     | Medallion Hamptons Holding LLC                 |  | 100% of membership interests                          |     | 06/21/05        |   | None         |       |             | 1 |   |               |  | 1    | %                |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 2,696  |  |  | $ | 2,696  | 
|Loan Servicing                                                                                   |  |   |     | Medallion Servicing Corp.                      |  | 100% of common stock                                  |     | 11/05/10        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 613    |  |  | $ | 613    | 
|Professional Sports Team                                                                         |  |   |     | Lax Group LLC                                  |  | 42% of membership interests                           |     | 5/23/2012       |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          | $ | 900   |           |  | $ | 461    |  |  | $ | 461    | 
|Advertising                                                                                      |  |   |     | Generation Outdoor, Inc.                       |  | 100% of common stock                                  |     | 12/20/04        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 274    |  |  | $ | 274    | 
|Advertising                                                                                      |  |   |     | Medallion Sports Media, Inc.                   |  | 100% of common stock                                  |     | 01/05/11        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 27     |  |  | $ | 27     | 
|                                                                                                 |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|Investment in Medallion Bank and other controlled subsidiaries, net                              |  |   | 7   |                                                |  |                                                       | 46  | %               |   |              | 10.60 | %           |   | $ | 0             |  |      | $                | 3,743   |   |                     | $ | 99,083  |                                    |   | $ | 99,083   |  
|                                                                                                 |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|Equity investments                                                                               |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|Commercial Finance                                                                               |  |   |     | Convergent Capital, Ltd                        |  | 7% of limited partnership interest                    |     | 07/20/07        |   | None         |       |             | 1 |   |               |  | 1    | %                |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 1,294  |  |  | $ | 1,793  | 
|Banking                                                                                          |  |   |     | FNBNY, Inc.                                    |  | *                                                     |     | 03/30/12        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          | $ | 750   |           |  | $ | 750    |  |  | $ | 750    | 
|Appliance Recycler #                                                                             |  |   |     | Appliance Recycling Centers of America,Inc. ** |  | 8.86% of common stock                                 |     | 09/10/98        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 0      |  |  | $ | 579    | 
|NASCAR Race Team                                                                                 |  |   |     | Medallion MotorSports, LLC                     |  | 75% of limited liability interest                     |     | 11/24/10        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 454    |  |  | $ | 454    | 
|Bakery                                                                                           |  |   |     | Quaker Bakery                                  |  | *                                                     |     | 03/28/12        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 359    |  |  | $ | 359    | 
|Machinery Manufacturer                                                                           |  | + |     | Reel Power International, Inc.                 |  | 2% of common stock                                    |     | 08/04/08        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 318    |  |  | $ | 318    | 
|Real Estate Investment                                                                           |  |   |     | PMC Commercial Trust **                        |  | *                                                     |     | 12/30/10        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 8.45                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 901    |  |  | $ | 232    | 
|Surgical Instruments                                                                             |  |   |     | Summit Medical, Inc.                           |  | 9.25% of common stock                                 |     | 11/01/10        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 135    |  |  | $ | 135    | 
|Equipment Manufacturing                                                                          |  |   |     | Aeration Industries International, LLC         |  | 5.25% of limited liability interest                   |     | 12/31/10        |   | None         |       |             | 1 |   |               |  | *    |                  |         |   | 0.00                | % |         | $                                  | 0 |   |          |   |       |           |  | $ | 365    |  |  | $ | 0      | 
|                                                                                                 |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|Equity investments, net                                                                          |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             | 9 |   |               |  | 2    | %                |         |   | 1.66                | % |         | $                                  | 0 |   |          | $ | 750   |           |  | $ | 4,576  |  |  | $ | 4,620  | 
|                                                                                                 |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|Investment securities                                                                            |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|Investment securities, net                                                                       |  |   |     |                                                |  |                                                       |     |                 | 0 |              |       |             | 0 | % |               |  | 0.00 | %                |         | $ | 0                   |   |         | $                                  | 0 |   |          | $ | 0     |           |  | $ | 0      | 
|                                                                                                 |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 
|Net Investments ($236,357 pledged as collateral under borrowing arrangements)(3)                 |  |   | 821 |                                                |  |                                                       | 210 | %               |   |              | 6.75  | %           |   | $ | 1,817         |  |      | $                | 172,022 |   |                     | $ | 462,683 |                                    |   | $ | 455,010  |  
|                                                                                                 |  |   |     |                                                |  |                                                       |     |                 |   |              |       |             |   |   |               |  |      |                  |         |   |                     |   |         |                                    |   |   |          |   |       |           |  |   |        |  |  |   |        | 



---

Medallion Financial Corp.

Consoldiated Schedule of Investments

|                 
|-----------------
|December 31, 2012



|(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 $1,817 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 210%.
|--- | --------------------------------------------------------------------

|(4) | Gross unrealized appreciation, gross unrealized depreciation, and net appreciation for federal income tax purposes totaled $8,571, $10,965 and $27,606, respectively.
The tax cost of investments was $427,404.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | For revolving lines of credit the amount shown is the cost at December 31, 2012.
|--- | --------------------------------------------------------------------------------

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

|** | Not an eligible portfolio company as such term is defined in Section 2(a)(46) of the 1940 Act. The percentage value of all non-eligible portfolio companies to
totaled assets of Medallion Financial on an unconsolidated basis was up to 28% and up to 29% on a consolidated basis.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|& | 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, 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



|                       |  |                                 |  |                                                     |   |                 |  |              |  |             |  |          |               |  |   |                  |  |  |                     |  |  |                                    |       |   |           |   |   |           |  |   |       |  |  |   |    |  |  |   |    | 
|---------------------- |  | ------------------------------- |  | --------------------------------------------------- | - | --------------- |  | ------------ |  | ----------- |  | -------- | ------------- |  | - | ---------------- |  |  | ------------------- |  |  | ---------------------------------- | ----- | - | --------- | - | - | --------- |  | - | ----- |  |  | - | -- |  |  | - | -- | 
|(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
|- | -----------------------------------------------------------------------------------------------