Exhibit 99.1

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                                                                                                 |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |    |   |                               |  |      |                                     |  |   |                      |  |  |          |       |  |           |   |         |  |  |   |         |  |  |   |         | 
|---------------------- |  |  |  | --------------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | -- | - | ----------------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | ----- |  | --------- | - | ------- |  |  | - | ------- |  |  | - | ------- | 
|(Dollars in
thousands) |  |  |  | Obligor Name                                                                                                    |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |    |   | Capitalized/ DeferredInterest |  |      | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |       |  | FairValue |  
|Medallion Loans        |  |  |  |                                                                                                                 |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |    |   |                               |  |      |                                     |  |   |                      |  |  |          |       |  |           |   |         |  |  |   |         |  |  |   |         | 
|New York               |  |  |  |                                                                                                                 |  |                                                       |  |                 |          |  |              |  |          |               |  |  | 367           |  |  |                  | 60 | % |                               |  | 4.19 | %                                   |  | $ | 759                  |  |  | $        | 5,089 |  |           | $ | 193,017 |  |  | $ | 191,922 |  |  | $ | 169,636 | 
|                       |  |  |  | Sean Cab Corp ##                                                                                                |  | Term Loan                                             |  |                 | 12/09/11 |  |              |  | 11/23/18 |               |  |  | 1             |  |  |                  | 1  | % |                               |  | 4.63 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 3,215   |  |  | $ | 3,215   |  |  | $ | 3,215   | 
|                       |  |  |  | Real Cab Corp                                                                                                   |  | Term Loan                                             |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.31 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 49      |  |  | $ | 49      |  |  | $ | 49      | 
|                       |  |  |  | Real Cab Corp ##                                                                                                |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 350     |  |  | $ | 350     |  |  | $ | 350     | 
|                       |  |  |  | Real Cab Corp ##                                                                                                |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | 1  | % |                               |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 2,545   |  |  | $ | 2,545   |  |  | $ | 2,545   | 
|                       |  |  |  | Slo Cab Corp ##                                                                                                 |  | Term Loan                                             |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.31 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 29      |  |  | $ | 29      |  |  | $ | 29      | 
|                       |  |  |  | Slo Cab Corp ##                                                                                                 |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 210     |  |  | $ | 210     |  |  | $ | 210     | 
|                       |  |  |  | Slo Cab Corp ##                                                                                                 |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | 1  | % |                               |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,527   |  |  | $ | 1,527   |  |  | $ | 1,527   | 
|                       |  |  |  | Whispers Taxi Inc ## &                                                                                          |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 2,026   |  |  | $ | 1,995   |  |  | $ | 1,235   | 
|                       |  |  |  | Junaid Trans Corp ## {Annually-Prime plus 1.00%}                                                                |  | Term Loan                                             |  |                 | 04/30/13 |  |              |  | 04/29/19 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,395   |  |  | $ | 1,395   |  |  | $ | 1,395   | 
|                       |  |  |  | Kby Taxi Inc ##                                                                                                 |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 07/31/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,349   |  |  | $ | 1,349   |  |  | $ | 1,349   | 
|                       |  |  |  | Anniversary Taxi Corp ##                                                                                        |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 07/31/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,349   |  |  | $ | 1,349   |  |  | $ | 1,348   | 
|                       |  |  |  | Apple Cab Corp ##                                                                                               |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 07/31/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,349   |  |  | $ | 1,349   |  |  | $ | 1,348   | 
|                       |  |  |  | Hj Taxi Corp ##                                                                                                 |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 07/31/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,349   |  |  | $ | 1,349   |  |  | $ | 1,348   | 
|                       |  |  |  | Avi Taxi Corporation ##                                                                                         |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 07/31/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,349   |  |  | $ | 1,349   |  |  | $ | 1,348   | 
|                       |  |  |  | Penegali Taxi LLC ##                                                                                            |  | Term Loan                                             |  |                 | 12/11/14 |  |              |  | 12/10/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,313   |  |  | $ | 1,313   |  |  | $ | 1,313   | 
|                       |  |  |  | Sonu-Seema Corp ##                                                                                              |  | Term Loan                                             |  |                 | 12/07/12 |  |              |  | 12/20/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 2.50 | %                                   |  | $ | 18                   |  |  |          |       |  |           | $ | 1,295   |  |  | $ | 1,295   |  |  | $ | 1,295   | 
|                       |  |  |  | Uddin Taxi Corp ##                                                                                              |  | Term Loan                                             |  |                 | 11/05/15 |  |              |  | 11/05/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,290   |  |  | $ | 1,290   |  |  | $ | 1,290   | 
|                       |  |  |  | Bunty & Jyoti Inc ##                                                                                            |  | Term Loan                                             |  |                 | 03/13/13 |  |              |  | 12/13/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 2.50 | %                                   |  | $ | 18                   |  |  |          |       |  |           | $ | 1,279   |  |  | $ | 1,279   |  |  | $ | 1,279   | 
|                       |  |  |  | S600 Service Co Inc ## {Annually-Prime plus .25%}                                                               |  | Term Loan                                             |  |                 | 05/01/16 |  |              |  | 05/01/21 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,235   |  |  | $ | 1,235   |  |  | $ | 1,237   | 
|                       |  |  |  | Perem Hacking Corp ## {Annually-Prime plus .25%}                                                                |  | Term Loan                                             |  |                 | 05/01/16 |  |              |  | 05/01/21 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,235   |  |  | $ | 1,235   |  |  | $ | 1,237   | 
|                       |  |  |  | Ela Papou LLC ##                                                                                                |  | Term Loan                                             |  |                 | 06/27/14 |  |              |  | 09/15/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,219   |  |  | $ | 1,219   |  |  | $ | 1,219   | 
|                       |  |  |  | Cfn Cab Corp ##                                                                                                 |  | Term Loan                                             |  |                 | 02/26/14 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,184   |  |  | $ | 1,184   |  |  | $ | 1,184   | 
|                       |  |  |  | Yosi Transit Inc ##                                                                                             |  | Term Loan                                             |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.31 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 20      |  |  | $ | 20      |  |  | $ | 20      | 
|                       |  |  |  | Yosi Transit Inc ##                                                                                             |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 140     |  |  | $ | 140     |  |  | $ | 140     | 
|                       |  |  |  | Yosi Transit Inc ##                                                                                             |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,018   |  |  | $ | 1,018   |  |  | $ | 1,018   | 
|                       |  |  |  | Amme Taxi Inc ##                                                                                                |  | Term Loan                                             |  |                 | 10/21/13 |  |              |  | 10/21/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.70 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,176   |  |  | $ | 1,176   |  |  | $ | 1,176   | 
|                       |  |  |  | Miklos Hacking Corp ##                                                                                          |  | Term Loan                                             |  |                 | 02/26/14 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,175   |  |  | $ | 1,175   |  |  | $ | 1,175   | 
|                       |  |  |  | Earie Hacking LLC ##                                                                                            |  | Term Loan                                             |  |                 | 12/28/15 |  |              |  | 12/28/20 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.60 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,173   |  |  | $ | 1,173   |  |  | $ | 1,175   | 
|                       |  |  |  | Ride Yellow LLC ## (interest rate includes deferred interest of 1.75%)                                          |  | Term Loan                                             |  |                 | 02/01/13 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 5.00 | %                                   |  | $ | 14                   |  |  |          |       |  |           | $ | 1,171   |  |  | $ | 1,171   |  |  | $ | 1,171   | 
|                       |  |  |  | Ukraine Service Co ## {Annually-Prime plus .25%}                                                                |  | Term Loan                                             |  |                 | 06/27/16 |  |              |  | 07/01/21 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,117   |  |  | $ | 1,117   |  |  | $ | 1,119   | 
|                       |  |  |  | Lil Amandachaka Hacking Corp ## {Annually-Prime plus .25%}                                                      |  | Term Loan                                             |  |                 | 06/27/16 |  |              |  | 07/01/21 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,117   |  |  | $ | 1,117   |  |  | $ | 1,119   | 
|                       |  |  |  | Flow Taxi Corp ## {Annually-Prime plus .25%}                                                                    |  | Term Loan                                             |  |                 | 06/27/16 |  |              |  | 07/01/21 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,117   |  |  | $ | 1,117   |  |  | $ | 1,119   | 
|                       |  |  |  | Tosal Hacking Corp ## (interest rate includes deferred interest of 1.50%)                                       |  | Term Loan                                             |  |                 | 04/01/13 |  |              |  | 11/01/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.00 | %                                   |  | $ | 9                    |  |  |          |       |  |           | $ | 1,060   |  |  | $ | 1,060   |  |  | $ | 1,060   | 
|                       |  |  |  | Avilie Service Inc ## {Annually-Prime plus .25%}                                                                |  | Term Loan                                             |  |                 | 02/11/13 |  |              |  | 03/01/19 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,049   |  |  | $ | 1,049   |  |  | $ | 1,049   | 
|                       |  |  |  | Red Army Cab Corp ## {Annually-Prime plus .25%}                                                                 |  | Term Loan                                             |  |                 | 06/27/16 |  |              |  | 07/01/21 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,041   |  |  | $ | 1,041   |  |  | $ | 1,043   | 
|                       |  |  |  | New Direction Cab Corp ##                                                                                       |  | Term Loan                                             |  |                 | 11/18/11 |  |              |  | 11/18/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,033   |  |  | $ | 1,033   |  |  | $ | 1,033   | 
|                       |  |  |  | Big Ari Taxi Corp ## (interest rate includes deferred interest of 1.50%) {Annually-Prime}                       |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 5.00 | %                                   |  | $ | 14                   |  |  |          |       |  |           | $ | 1,008   |  |  | $ | 1,008   |  |  | $ | 1,008   | 
|                       |  |  |  | Bellsky Taxi LLC ## (interest rate includes deferred interest of 1.50%) {Annually-Prime}                        |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 5.00 | %                                   |  | $ | 13                   |  |  |          |       |  |           | $ | 1,001   |  |  | $ | 1,001   |  |  | $ | 1,001   | 
|                       |  |  |  | Jump Service Co Inc ## {Annually-Prime plus .25%}                                                               |  | Term Loan                                             |  |                 | 02/11/13 |  |              |  | 03/01/19 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 974     |  |  | $ | 974     |  |  | $ | 974     | 
|                       |  |  |  | Christian Cab Corp &                                                                                            |  | Term Loan                                             |  |                 | 11/27/12 |  |              |  | 11/27/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,488   |  |  | $ | 1,488   |  |  | $ | 826     | 
|                       |  |  |  | Hamilton Transit LLC ## &                                                                                       |  | Term Loan                                             |  |                 | 03/26/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,340   |  |  | $ | 1,296   |  |  | $ | 825     | 
|                       |  |  |  | Concourse Cab Corp ## & (interest rate includes deferred interest of 2.50%)                                     |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 5.00 | %                                   |  | $ | 20                   |  |  |          |       |  |           | $ | 1,230   |  |  | $ | 1,190   |  |  | $ | 824     | 
|                       |  |  |  | Silke Hacking Corp ## &                                                                                         |  | Term Loan                                             |  |                 | 03/26/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,341   |  |  | $ | 1,298   |  |  | $ | 824     | 
|                       |  |  |  | Rs Hacking Corp ## &                                                                                            |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 08/28/16 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,024   |  |  | $ | 1,024   |  |  | $ | 824     | 
|                       |  |  |  | Ocean Hacking Corp ## &                                                                                         |  | Term Loan                                             |  |                 | 12/20/13 |  |              |  | 12/20/16 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,376   |  |  | $ | 1,376   |  |  | $ | 823     | 
|                       |  |  |  | Kaderee M & G Corp ## &                                                                                         |  | Term Loan                                             |  |                 | 03/26/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,335   |  |  | $ | 1,293   |  |  | $ | 824     | 
|                       |  |  |  | Jacal Hacking Corp ## &                                                                                         |  | Term Loan                                             |  |                 | 12/20/13 |  |              |  | 12/20/16 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,378   |  |  | $ | 1,378   |  |  | $ | 823     | 
|                       |  |  |  | Devin Taxi Corp ## &                                                                                            |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,351   |  |  | $ | 1,333   |  |  | $ | 823     | 
|                       |  |  |  | Daytona Hacking Corp ## &                                                                                       |  | Term Loan                                             |  |                 | 03/26/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,335   |  |  | $ | 1,293   |  |  | $ | 824     | 
|                       |  |  |  | Dayna Hacking Corp ## &                                                                                         |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,351   |  |  | $ | 1,333   |  |  | $ | 823     | 
|                       |  |  |  | D & G Taxi Inc ## &                                                                                             |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 08/28/16 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,014   |  |  | $ | 998     |  |  | $ | 824     | 
|                       |  |  |  | Benson Hacking Corp ## &                                                                                        |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,351   |  |  | $ | 1,333   |  |  | $ | 823     | 
|                       |  |  |  | Gaultier Hacking Corp ##                                                                                        |  | Term Loan                                             |  |                 | 08/27/12 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 963     |  |  | $ | 963     |  |  | $ | 963     | 
|                       |  |  |  | Ming Trans Corp ##                                                                                              |  | Term Loan                                             |  |                 | 11/19/12 |  |              |  | 06/10/17 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 951     |  |  | $ | 951     |  |  | $ | 951     | 
|                       |  |  |  | Humidity Hacking Corp ##                                                                                        |  | Term Loan                                             |  |                 | 03/07/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 927     |  |  | $ | 927     |  |  | $ | 928     | 
|                       |  |  |  | Nelsk Taxi Inc ## (interest rate includes deferred interest of 2.25%)                                           |  | Term Loan                                             |  |                 | 08/20/13 |  |              |  | 08/15/18 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 5.25 | %                                   |  | $ | 18                   |  |  |          |       |  |           | $ | 923     |  |  | $ | 923     |  |  | $ | 923     | 
|                       |  |  |  | Universal Agami Transit Inc ## (interest rate includes deferred interest of 1.00%) {Annually-Prime minus .175%} |  | Term Loan                                             |  |                 | 02/27/13 |  |              |  | 05/01/19 |               |  |  | 1             |  |  |                  | *  |   |                               |  | 4.25 | %                                   |  | $ | 2                    |  |  |          |       |  |           | $ | 921     |  |  | $ | 921     |  |  | $ | 921     | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                                                                                          |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                                |  |      |                                     |  |   |                      |  |  |           |  |  |           |   |       |  |  |   |       |  |  |   |     | 
|---------------------- |  |  |  | -------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------------------ |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | --------- |  |  | --------- | - | ----- |  |  | - | ----- |  |  | - | --- | 
|(Dollars in
thousands) |  |  |  | Obligor Name                                                                                             |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | Capitalized/ 
DeferredInterest |  |      | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost 
(4) |  |  | FairValue |  
|                       |  |  |  | Planet Agami Cab LLC ## (interest rate includes deferred interest of 1.00%) {Annually-Prime minus .175%} |  | Term Loan                                             |  |                 | 02/27/13 |  |              |  | 05/01/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 2                    |  |  |           |  |  |           | $ | 921   |  |  | $ | 921   |  |  | $ | 921 | 
|                       |  |  |  | Global Agami Cab LLC ## (interest rate includes deferred interest of 1.00%) {Annually-Prime minus .175%} |  | Term Loan                                             |  |                 | 02/27/13 |  |              |  | 05/01/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 2                    |  |  |           |  |  |           | $ | 921   |  |  | $ | 921   |  |  | $ | 921 | 
|                       |  |  |  | G Michael Cab Corp ## (interest rate includes deferred interest of 2.40%)                                |  | Term Loan                                             |  |                 | 09/14/15 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.90 | %                                   |  | $ | 18                   |  |  |           |  |  |           | $ | 901   |  |  | $ | 901   |  |  | $ | 901 | 
|                       |  |  |  | Nedrag Trans Corp ##                                                                                     |  | Term Loan                                             |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 869   |  |  | $ | 869   |  |  | $ | 869 | 
|                       |  |  |  | Hedy Hacking Corp. ##                                                                                    |  | Term Loan                                             |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 869   |  |  | $ | 869   |  |  | $ | 869 | 
|                       |  |  |  | Typhoon Hacking Corp ##                                                                                  |  | Term Loan                                             |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 868   |  |  | $ | 868   |  |  | $ | 868 | 
|                       |  |  |  | Lety Cab Corp ##                                                                                         |  | Term Loan                                             |  |                 | 10/21/10 |  |              |  | 10/05/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 848   |  |  | $ | 848   |  |  | $ | 848 | 
|                       |  |  |  | Brigitte Cab Corp ## (interest rate includes deferred interest of 2.40%)                                 |  | Term Loan                                             |  |                 | 09/14/15 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.90 | %                                   |  | $ | 17                   |  |  |           |  |  |           | $ | 836   |  |  | $ | 836   |  |  | $ | 836 | 
|                       |  |  |  | Btr Taxi Inc ## (interest rate includes deferred interest of 3.25%)                                      |  | Term Loan                                             |  |                 | 06/16/14 |  |              |  | 12/16/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.75 | %                                   |  | $ | 1                    |  |  |           |  |  |           | $ | 832   |  |  | $ | 832   |  |  | $ | 832 | 
|                       |  |  |  | Sag Taxi LLC ## &                                                                                        |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 1,559 |  |  | $ | 1,496 |  |  | $ | 701 | 
|                       |  |  |  | Pontios Taxi LLC ## &                                                                                    |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 1,564 |  |  | $ | 1,508 |  |  | $ | 701 | 
|                       |  |  |  | Kos Taxi LLC ## &                                                                                        |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 1,564 |  |  | $ | 1,508 |  |  | $ | 701 | 
|                       |  |  |  | Ikaria Taxi LLC ## &                                                                                     |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 1,563 |  |  | $ | 1,505 |  |  | $ | 701 | 
|                       |  |  |  | Esg Hacking Corp ## &                                                                                    |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 1,713 |  |  | $ | 1,706 |  |  | $ | 700 | 
|                       |  |  |  | Holdem Cab Corp ## {Annually-Prime plus 1.00%}                                                           |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/10/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 817   |  |  | $ | 817   |  |  | $ | 817 | 
|                       |  |  |  | Go Boy Cab Corp ## {Annually-Prime plus 1.00%}                                                           |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/10/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 817   |  |  | $ | 817   |  |  | $ | 817 | 
|                       |  |  |  | Ash Trans Corp ## (interest rate includes deferred interest of 2.40%)                                    |  | Term Loan                                             |  |                 | 09/14/15 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.90 | %                                   |  | $ | 17                   |  |  |           |  |  |           | $ | 797   |  |  | $ | 797   |  |  | $ | 797 | 
|                       |  |  |  | Ganz Express Cab Cor ## (interest rate includes deferred interest of 2.40%)                              |  | Term Loan                                             |  |                 | 09/14/15 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.90 | %                                   |  | $ | 16                   |  |  |           |  |  |           | $ | 783   |  |  | $ | 783   |  |  | $ | 783 | 
|                       |  |  |  | SamanthaS Cab Corp ## (interest rate includes deferred interest of 2.40%)                               |  | Term Loan                                             |  |                 | 09/14/15 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.90 | %                                   |  | $ | 16                   |  |  |           |  |  |           | $ | 763   |  |  | $ | 763   |  |  | $ | 763 | 
|                       |  |  |  | Copper One Cab Corp ##                                                                                   |  | Term Loan                                             |  |                 | 02/17/12 |  |              |  | 09/15/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 756   |  |  | $ | 756   |  |  | $ | 756 | 
|                       |  |  |  | Asterik Cab Co Inc ##                                                                                    |  | Term Loan                                             |  |                 | 02/17/12 |  |              |  | 09/15/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 756   |  |  | $ | 756   |  |  | $ | 756 | 
|                       |  |  |  | Agape-Mou Cab Corp ##                                                                                    |  | Term Loan                                             |  |                 | 02/17/12 |  |              |  | 09/15/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 756   |  |  | $ | 756   |  |  | $ | 756 | 
|                       |  |  |  | Gurpreet Singh & Manpreet Sing ## (interest rate includes deferred interest of 2.75%)                    |  | Term Loan                                             |  |                 | 06/25/13 |  |              |  | 06/25/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.25 | %                                   |  | $ | 22                   |  |  |           |  |  |           | $ | 749   |  |  | $ | 749   |  |  | $ | 749 | 
|                       |  |  |  | Zahav Taxi LLC ## (interest rate includes deferred interest of 1.75%)                                    |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 9                    |  |  |           |  |  |           | $ | 739   |  |  | $ | 739   |  |  | $ | 739 | 
|                       |  |  |  | Zus Trading Inc ## (interest rate includes deferred interest of 2.50%)                                   |  | Term Loan                                             |  |                 | 08/09/13 |  |              |  | 07/27/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 18                   |  |  |           |  |  |           | $ | 736   |  |  | $ | 736   |  |  | $ | 736 | 
|                       |  |  |  | Danny Truong ##                                                                                          |  | Term Loan                                             |  |                 | 07/30/14 |  |              |  | 07/30/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 735   |  |  | $ | 735   |  |  | $ | 735 | 
|                       |  |  |  | Ghulam Abbas ## & (interest rate includes deferred interest of 2.50%)                                    |  | Term Loan                                             |  |                 | 04/17/13 |  |              |  | 05/23/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 23                   |  |  |           |  |  |           | $ | 734   |  |  | $ | 734   |  |  | $ | 734 | 
|                       |  |  |  | Espiye Taxi Corp (interest rate includes deferred interest of 2.75%)                                     |  | Term Loan                                             |  |                 | 05/23/14 |  |              |  | 05/27/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.50 | %                                   |  | $ | 2                    |  |  |           |  |  |           | $ | 727   |  |  | $ | 727   |  |  | $ | 727 | 
|                       |  |  |  | Hot Wheels Taxi LLC ## (interest rate includes deferred interest of 1.75%)                               |  | Term Loan                                             |  |                 | 03/01/13 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 9                    |  |  |           |  |  |           | $ | 725   |  |  | $ | 725   |  |  | $ | 725 | 
|                       |  |  |  | Orys Trans Corp ## {Annually-Prime}                                                                      |  | Term Loan                                             |  |                 | 12/21/16 |  |              |  | 12/21/26 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 709   |  |  | $ | 709   |  |  | $ | 711 | 
|                       |  |  |  | Alltaxitwo Cab Corp ## {Annually-Prime}                                                                  |  | Term Loan                                             |  |                 | 12/21/16 |  |              |  | 12/21/26 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 709   |  |  | $ | 709   |  |  | $ | 711 | 
|                       |  |  |  | Joseph Gerard Pierre ## (interest rate includes deferred interest of 2.50%)                              |  | Term Loan                                             |  |                 | 07/07/14 |  |              |  | 01/18/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 8                    |  |  |           |  |  |           | $ | 700   |  |  | $ | 700   |  |  | $ | 700 | 
|                       |  |  |  | Mandeep Multani & Ravinder Sin ## (interest rate includes deferred interest of 3.00%)                    |  | Term Loan                                             |  |                 | 03/19/14 |  |              |  | 12/23/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 698   |  |  | $ | 698   |  |  | $ | 698 | 
|                       |  |  |  | Rakesh Aggarwal & Jasvir Singh ##                                                                        |  | Term Loan                                             |  |                 | 05/07/14 |  |              |  | 11/07/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 694   |  |  | $ | 694   |  |  | $ | 694 | 
|                       |  |  |  | Jose F Pimentel ## &                                                                                     |  | Term Loan                                             |  |                 | 05/14/14 |  |              |  | 05/14/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 688   |  |  | $ | 688   |  |  | $ | 688 | 
|                       |  |  |  | Ilker Altaygil ## & (interest rate includes deferred interest of 2.75%)                                  |  | Term Loan                                             |  |                 | 07/18/13 |  |              |  | 06/17/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.25 | %                                   |  | $ | 20                   |  |  |           |  |  |           | $ | 685   |  |  | $ | 685   |  |  | $ | 685 | 
|                       |  |  |  | Carlos Govea ## (interest rate includes deferred interest of 1.50%)                                      |  | Term Loan                                             |  |                 | 06/05/14 |  |              |  | 06/05/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.50 | %                                   |  | $ | 1                    |  |  |           |  |  |           | $ | 685   |  |  | $ | 685   |  |  | $ | 685 | 
|                       |  |  |  | New Express Cab Corp ##                                                                                  |  | Term Loan                                             |  |                 | 03/31/15 |  |              |  | 03/30/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 681   |  |  | $ | 681   |  |  | $ | 681 | 
|                       |  |  |  | Joseph R Jean ## &                                                                                       |  | Term Loan                                             |  |                 | 04/15/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 681   |  |  | $ | 681   |  |  | $ | 681 | 
|                       |  |  |  | Kawarjeet Singh & Maan Singh ## &                                                                        |  | Term Loan                                             |  |                 | 05/15/13 |  |              |  | 12/08/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 665   |  |  | $ | 665   |  |  | $ | 665 | 
|                       |  |  |  | Jbob Hacking Corp ##                                                                                     |  | Term Loan                                             |  |                 | 10/09/15 |  |              |  | 10/09/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 656   |  |  | $ | 656   |  |  | $ | 657 | 
|                       |  |  |  | Iddy Biddy Cab Corp ##                                                                                   |  | Term Loan                                             |  |                 | 10/09/15 |  |              |  | 10/09/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 656   |  |  | $ | 656   |  |  | $ | 657 | 
|                       |  |  |  | Oyaz Hacking Corp ##                                                                                     |  | Term Loan                                             |  |                 | 08/05/15 |  |              |  | 08/05/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 655   |  |  | $ | 655   |  |  | $ | 656 | 
|                       |  |  |  | Malcolm Hacking Corp ##                                                                                  |  | Term Loan                                             |  |                 | 08/05/15 |  |              |  | 08/05/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 655   |  |  | $ | 655   |  |  | $ | 656 | 
|                       |  |  |  | Aminder Pal Singh ##                                                                                     |  | Term Loan                                             |  |                 | 11/21/13 |  |              |  | 11/21/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 655   |  |  | $ | 655   |  |  | $ | 655 | 
|                       |  |  |  | Avtar Singh ##                                                                                           |  | Term Loan                                             |  |                 | 08/29/14 |  |              |  | 08/29/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 645   |  |  | $ | 645   |  |  | $ | 645 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                                                                                |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                                |  |      |                                     |  |   |                      |  |  |           |  |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ---------------------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------------------ |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | --------- |  |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in
thousands) |  |  |  | Obligor Name                                                                                   |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | Capitalized/ 
DeferredInterest |  |      | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost 
(4) |  |  | FairValue |  
|                       |  |  |  | Preslert Louis ## & (interest rate includes deferred interest of 1.50%)                        |  | Term Loan                                             |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 636 |  |  | $ | 636 |  |  | $ | 636 | 
|                       |  |  |  | Sukhdev Singh & Harpal S Bhola ## (interest rate includes deferred interest of 2.50%)          |  | Term Loan                                             |  |                 | 12/04/13 |  |              |  | 12/04/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 9                    |  |  |           |  |  |           | $ | 633 |  |  | $ | 633 |  |  | $ | 633 | 
|                       |  |  |  | Parvinder Singh ## {Annually-Prime plus 1.00%}                                                 |  | Term Loan                                             |  |                 | 08/13/13 |  |              |  | 08/13/21 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 629 |  |  | $ | 629 |  |  | $ | 629 | 
|                       |  |  |  | Bruce Schneider ## {Annually-Prime plus 1.00%}                                                 |  | Term Loan                                             |  |                 | 05/10/13 |  |              |  | 05/10/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 630 |  |  | $ | 630 |  |  | $ | 629 | 
|                       |  |  |  | Brunet Lucas ## & (interest rate includes deferred interest of 3.25%)                          |  | Term Loan                                             |  |                 | 06/06/13 |  |              |  | 06/06/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 22                   |  |  |           |  |  |           | $ | 629 |  |  | $ | 629 |  |  | $ | 629 | 
|                       |  |  |  | Shanu Miah ## (interest rate includes deferred interest of 2.75%)                              |  | Term Loan                                             |  |                 | 06/20/13 |  |              |  | 06/20/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.25 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 627 |  |  | $ | 627 |  |  | $ | 627 | 
|                       |  |  |  | Tripta Nfn & Jagdeep Kumar Cab                                                                 |  | Term Loan                                             |  |                 | 11/12/14 |  |              |  | 11/12/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 623 |  |  | $ | 623 |  |  | $ | 624 | 
|                       |  |  |  | Shahdad Bhatti Cab Corp ## & (interest rate includes deferred interest of 2.50%)               |  | Term Loan                                             |  |                 | 08/18/14 |  |              |  | 01/01/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 8                    |  |  |           |  |  |           | $ | 624 |  |  | $ | 624 |  |  | $ | 624 | 
|                       |  |  |  | Kerolus Waheib Makhail                                                                         |  | Term Loan                                             |  |                 | 12/27/12 |  |              |  | 12/08/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.13 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 621 |  |  | $ | 621 |  |  | $ | 621 | 
|                       |  |  |  | Joseph L Flovel ## & (interest rate includes deferred interest of 2.50%)                       |  | Term Loan                                             |  |                 | 10/31/13 |  |              |  | 10/30/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 618 |  |  | $ | 618 |  |  | $ | 618 | 
|                       |  |  |  | Munir Ahmed Sahi ##                                                                            |  | Term Loan                                             |  |                 | 08/13/15 |  |              |  | 08/13/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 615 |  |  | $ | 615 |  |  | $ | 616 | 
|                       |  |  |  | Jordan O Ohene ## &                                                                            |  | Term Loan                                             |  |                 | 05/24/13 |  |              |  | 05/02/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 611 |  |  | $ | 611 |  |  | $ | 611 | 
|                       |  |  |  | Jaswinder Singh/Note A ## (interest rate includes deferred interest of 2.00%)                  |  | Term Loan                                             |  |                 | 04/27/16 |  |              |  | 04/27/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 14                   |  |  |           |  |  |           | $ | 591 |  |  | $ | 591 |  |  | $ | 592 | 
|                       |  |  |  | Charanjeet Kaur & Manjit Singh ## (interest rate includes deferred interest of 2.50%)          |  | Term Loan                                             |  |                 | 10/28/13 |  |              |  | 10/28/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 10                   |  |  |           |  |  |           | $ | 592 |  |  | $ | 592 |  |  | $ | 592 | 
|                       |  |  |  | Lesly Jeanjoseph ## & (interest rate includes deferred interest of 2.00%)                      |  | Term Loan                                             |  |                 | 05/08/13 |  |              |  | 05/16/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 14                   |  |  |           |  |  |           | $ | 586 |  |  | $ | 586 |  |  | $ | 586 | 
|                       |  |  |  | Aujla Cab Corp ## (interest rate includes deferred interest of 2.50%)                          |  | Term Loan                                             |  |                 | 04/23/14 |  |              |  | 03/20/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 5                    |  |  |           |  |  |           | $ | 578 |  |  | $ | 578 |  |  | $ | 578 | 
|                       |  |  |  | Marian Cab Corp ##                                                                             |  | Term Loan                                             |  |                 | 06/19/12 |  |              |  | 06/19/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 573 |  |  | $ | 573 |  |  | $ | 573 | 
|                       |  |  |  | Jasvir S Dhaliwal ##                                                                           |  | Term Loan                                             |  |                 | 07/01/13 |  |              |  | 04/26/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 572 |  |  | $ | 572 |  |  | $ | 572 | 
|                       |  |  |  | Mohammed Hossen & Abrar Hanif ##                                                               |  | Term Loan                                             |  |                 | 03/11/13 |  |              |  | 03/11/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 571 |  |  | $ | 571 |  |  | $ | 571 | 
|                       |  |  |  | Albro Hacking, Corp. ##                                                                        |  | Term Loan                                             |  |                 | 07/10/14 |  |              |  | 07/10/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.63 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 569 |  |  | $ | 569 |  |  | $ | 569 | 
|                       |  |  |  | Bliss Cab Corp ##                                                                              |  | Term Loan                                             |  |                 | 10/21/10 |  |              |  | 10/05/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 566 |  |  | $ | 566 |  |  | $ | 566 | 
|                       |  |  |  | Man Singh ##                                                                                   |  | Term Loan                                             |  |                 | 02/25/13 |  |              |  | 02/09/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 556 |  |  | $ | 556 |  |  | $ | 556 | 
|                       |  |  |  | Sushil Maggoo ##                                                                               |  | Term Loan                                             |  |                 | 12/09/15 |  |              |  | 12/09/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.90 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 552 |  |  | $ | 552 |  |  | $ | 553 | 
|                       |  |  |  | Oradeanul Taxi Corp ##                                                                         |  | Term Loan                                             |  |                 | 01/30/13 |  |              |  | 02/01/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 553 |  |  | $ | 553 |  |  | $ | 553 | 
|                       |  |  |  | Tarek Elsaid ## (interest rate includes deferred interest of 2.50%)                            |  | Term Loan                                             |  |                 | 05/12/14 |  |              |  | 04/10/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 3                    |  |  |           |  |  |           | $ | 548 |  |  | $ | 548 |  |  | $ | 548 | 
|                       |  |  |  | Sukhdev Singh & Harpreet Singh ##                                                              |  | Term Loan                                             |  |                 | 07/13/16 |  |              |  | 07/13/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 546 |  |  | $ | 546 |  |  | $ | 548 | 
|                       |  |  |  | Sphinx Rc LLC                                                                                  |  | Term Loan                                             |  |                 | 08/25/16 |  |              |  | 08/25/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 545 |  |  | $ | 545 |  |  | $ | 547 | 
|                       |  |  |  | Mci Taxi Inc ## &                                                                              |  | Term Loan                                             |  |                 | 10/29/15 |  |              |  | 10/29/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 544 |  |  | $ | 544 |  |  | $ | 544 | 
|                       |  |  |  | K.R. Express Cab Corp ## &                                                                     |  | Term Loan                                             |  |                 | 10/29/15 |  |              |  | 10/29/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 544 |  |  | $ | 544 |  |  | $ | 544 | 
|                       |  |  |  | Alexander A Malamud ## &                                                                       |  | Term Loan                                             |  |                 | 02/28/13 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 544 |  |  | $ | 544 |  |  | $ | 544 | 
|                       |  |  |  | Mukhtiar Singh ##                                                                              |  | Term Loan                                             |  |                 | 08/29/14 |  |              |  | 08/29/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 542 |  |  | $ | 542 |  |  | $ | 542 | 
|                       |  |  |  | Humberto Ontaneda ## (interest rate includes deferred interest of 2.50%)                       |  | Term Loan                                             |  |                 | 10/17/13 |  |              |  | 09/23/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 541 |  |  | $ | 541 |  |  | $ | 541 | 
|                       |  |  |  | Yves Bazile ##                                                                                 |  | Term Loan                                             |  |                 | 09/16/15 |  |              |  | 03/15/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 537 |  |  | $ | 537 |  |  | $ | 537 | 
|                       |  |  |  | Jean J Monteau ##                                                                              |  | Term Loan                                             |  |                 | 12/06/12 |  |              |  | 06/07/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 530 |  |  | $ | 530 |  |  | $ | 530 | 
|                       |  |  |  | Gilbert Chong ##                                                                               |  | Term Loan                                             |  |                 | 10/28/15 |  |              |  | 10/28/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 529 |  |  | $ | 529 |  |  | $ | 529 | 
|                       |  |  |  | Dani Taxi Inc/Mbank (interest rate includes deferred interest of 1.75%)                        |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 528 |  |  | $ | 528 |  |  | $ | 528 | 
|                       |  |  |  | Magloire David ## (interest rate includes deferred interest of 2.50%)                          |  | Term Loan                                             |  |                 | 07/24/15 |  |              |  | 08/12/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 12                   |  |  |           |  |  |           | $ | 527 |  |  | $ | 527 |  |  | $ | 527 | 
|                       |  |  |  | Newton Sodhi ## {Annually-Prime plus 1.00%}                                                    |  | Term Loan                                             |  |                 | 05/06/13 |  |              |  | 05/06/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 526 |  |  | $ | 526 |  |  | $ | 526 | 
|                       |  |  |  | Emad S Tadros ##                                                                               |  | Term Loan                                             |  |                 | 05/18/16 |  |              |  | 05/18/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 525 |  |  | $ | 525 |  |  | $ | 526 | 
|                       |  |  |  | Rafi Mohammad ##                                                                               |  | Term Loan                                             |  |                 | 02/27/13 |  |              |  | 02/03/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 525 |  |  | $ | 525 |  |  | $ | 525 | 
|                       |  |  |  | Rafael A Pena ## & (interest rate includes deferred interest of 3.00%)                         |  | Term Loan                                             |  |                 | 09/18/13 |  |              |  | 08/29/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 13                   |  |  |           |  |  |           | $ | 521 |  |  | $ | 521 |  |  | $ | 521 | 
|                       |  |  |  | Maria L Denocua ##                                                                             |  | Term Loan                                             |  |                 | 09/17/15 |  |              |  | 09/17/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.40 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 517 |  |  | $ | 517 |  |  | $ | 517 | 
|                       |  |  |  | Sandeep Transport LLC ##                                                                       |  | Term Loan                                             |  |                 | 06/23/16 |  |              |  | 06/23/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 511 |  |  | $ | 511 |  |  | $ | 513 | 
|                       |  |  |  | Amarjit Sangera ##                                                                             |  | Term Loan                                             |  |                 | 11/18/15 |  |              |  | 05/18/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 512 |  |  | $ | 512 |  |  | $ | 513 | 
|                       |  |  |  | Fernande Paul Cab Corp ## (interest rate includes deferred interest of 1.50%) {Annually-Prime} |  | Term Loan                                             |  |                 | 01/24/13 |  |              |  | 05/24/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.50 | %                                   |  | $ | 9                    |  |  |           |  |  |           | $ | 510 |  |  | $ | 510 |  |  | $ | 510 | 
|                       |  |  |  | Nycyellow LLC ##                                                                               |  | Term Loan                                             |  |                 | 12/21/16 |  |              |  | 12/21/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 506 |  |  | $ | 506 |  |  | $ | 508 | 
|                       |  |  |  | Travis R Bazile & Jean Exinvil ##                                                              |  | Term Loan                                             |  |                 | 10/21/15 |  |              |  | 10/21/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.90 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 506 |  |  | $ | 506 |  |  | $ | 507 | 
|                       |  |  |  | Luis E Perez ##                                                                                |  | Term Loan                                             |  |                 | 03/19/14 |  |              |  | 03/19/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 506 |  |  | $ | 506 |  |  | $ | 506 | 
|                       |  |  |  | Nana K Adom ##                                                                                 |  | Term Loan                                             |  |                 | 10/05/15 |  |              |  | 04/05/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 489 |  |  | $ | 489 |  |  | $ | 490 | 
|                       |  |  |  | Amjad Abbas ##                                                                                 |  | Term Loan                                             |  |                 | 12/19/13 |  |              |  | 12/19/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 490 |  |  | $ | 490 |  |  | $ | 490 | 
|                       |  |  |  | Gbcab LLC ## &                                                                                 |  | Term Loan                                             |  |                 | 08/19/15 |  |              |  | 08/19/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 647 |  |  | $ | 626 |  |  | $ | 415 | 
|                       |  |  |  | Rose And Jean Service LLC ## &                                                                 |  | Term Loan                                             |  |                 | 06/15/16 |  |              |  | 06/15/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 552 |  |  | $ | 543 |  |  | $ | 414 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                                                                       |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                                |  |      |                                     |  |   |                      |  |  |           |  |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ------------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------------------ |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | --------- |  |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in
thousands) |  |  |  | Obligor Name                                                                          |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | Capitalized/ 
DeferredInterest |  |      | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost 
(4) |  |  | FairValue |  
|                       |  |  |  | Frantz Louhis & Joseph Paul ##                                                        |  | Term Loan                                             |  |                 | 06/08/12 |  |              |  | 06/08/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 488 |  |  | $ | 488 |  |  | $ | 488 | 
|                       |  |  |  | Albert A Agyemang ## & (interest rate includes deferred interest of 2.25%)            |  | Term Loan                                             |  |                 | 07/09/13 |  |              |  | 07/09/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.25 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 488 |  |  | $ | 488 |  |  | $ | 488 | 
|                       |  |  |  | Samiullah Zaman ## &                                                                  |  | Term Loan                                             |  |                 | 04/07/14 |  |              |  | 04/07/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 729 |  |  | $ | 724 |  |  | $ | 413 | 
|                       |  |  |  | Ghotra & Ghotra LLC & (interest rate includes deferred interest of 2.50%)             |  | Term Loan                                             |  |                 | 12/19/13 |  |              |  | 12/19/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 784 |  |  | $ | 759 |  |  | $ | 413 | 
|                       |  |  |  | Dominique Ismael ## & (interest rate includes deferred interest of 2.00%)             |  | Term Loan                                             |  |                 | 03/10/14 |  |              |  | 03/10/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 3                    |  |  |           |  |  |           | $ | 531 |  |  | $ | 507 |  |  | $ | 413 | 
|                       |  |  |  | Anwar Khalifa ## &                                                                    |  | Term Loan                                             |  |                 | 08/07/14 |  |              |  | 08/07/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 644 |  |  | $ | 644 |  |  | $ | 413 | 
|                       |  |  |  | Yvon Louissaint ## &                                                                  |  | Term Loan                                             |  |                 | 02/20/14 |  |              |  | 02/20/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.88 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 648 |  |  | $ | 647 |  |  | $ | 412 | 
|                       |  |  |  | Turgut Duman ## &                                                                     |  | Term Loan                                             |  |                 | 12/02/15 |  |              |  | 12/02/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.13 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 567 |  |  | $ | 561 |  |  | $ | 413 | 
|                       |  |  |  | Tamimu Aliu ## &                                                                      |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 534 |  |  | $ | 534 |  |  | $ | 412 | 
|                       |  |  |  | Samy Baddar ## & (interest rate includes deferred interest of 3.00%)                  |  | Term Loan                                             |  |                 | 07/18/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.50 | %                                   |  | $ | 18                   |  |  |           |  |  |           | $ | 711 |  |  | $ | 685 |  |  | $ | 412 | 
|                       |  |  |  | Roudy Moliere &Jean B Letang ## &                                                     |  | Term Loan                                             |  |                 | 01/15/16 |  |              |  | 01/15/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 565 |  |  | $ | 565 |  |  | $ | 413 | 
|                       |  |  |  | Manuel F Pena ## & (interest rate includes deferred interest of 3.00%)                |  | Term Loan                                             |  |                 | 11/26/13 |  |              |  | 10/26/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 561 |  |  | $ | 561 |  |  | $ | 412 | 
|                       |  |  |  | Joseph Paul Desir ## & (interest rate includes deferred interest of 2.50%)            |  | Term Loan                                             |  |                 | 07/28/14 |  |              |  | 08/30/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 14                   |  |  |           |  |  |           | $ | 647 |  |  | $ | 630 |  |  | $ | 412 | 
|                       |  |  |  | Gur & Dev Taxi LLC & (interest rate includes deferred interest of 2.50%)              |  | Term Loan                                             |  |                 | 02/18/14 |  |              |  | 09/25/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 15                   |  |  |           |  |  |           | $ | 766 |  |  | $ | 766 |  |  | $ | 412 | 
|                       |  |  |  | Guivarch Thimothe &                                                                   |  | Term Loan                                             |  |                 | 09/19/12 |  |              |  | 09/07/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 587 |  |  | $ | 587 |  |  | $ | 412 | 
|                       |  |  |  | Gerardo Barrera ## & (interest rate includes deferred interest of 2.50%)              |  | Term Loan                                             |  |                 | 08/08/14 |  |              |  | 03/15/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 5                    |  |  |           |  |  |           | $ | 641 |  |  | $ | 620 |  |  | $ | 412 | 
|                       |  |  |  | Erwich Chery &                                                                        |  | Term Loan                                             |  |                 | 09/29/14 |  |              |  | 09/27/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 542 |  |  | $ | 533 |  |  | $ | 413 | 
|                       |  |  |  | Donald Singh ## & (interest rate includes deferred interest of 2.50%)                 |  | Term Loan                                             |  |                 | 10/11/13 |  |              |  | 10/11/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 17                   |  |  |           |  |  |           | $ | 622 |  |  | $ | 622 |  |  | $ | 412 | 
|                       |  |  |  | Carmay Latendresse ## & (interest rate includes deferred interest of 2.50%)           |  | Term Loan                                             |  |                 | 05/19/14 |  |              |  | 11/09/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 700 |  |  | $ | 679 |  |  | $ | 412 | 
|                       |  |  |  | Balwinder Singh ## &                                                                  |  | Term Loan                                             |  |                 | 10/02/15 |  |              |  | 10/02/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 641 |  |  | $ | 641 |  |  | $ | 413 | 
|                       |  |  |  | Arman And Mehtab Padda Taxi Co ## &                                                   |  | Term Loan                                             |  |                 | 06/19/13 |  |              |  | 06/19/16 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.88 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 784 |  |  | $ | 759 |  |  | $ | 412 | 
|                       |  |  |  | Amr Aly Shafshak &                                                                    |  | Term Loan                                             |  |                 | 11/04/13 |  |              |  | 06/26/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 707 |  |  | $ | 700 |  |  | $ | 412 | 
|                       |  |  |  | Alexander Vizueta ## & (interest rate includes deferred interest of 2.50%)            |  | Term Loan                                             |  |                 | 04/01/14 |  |              |  | 09/01/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 13                   |  |  |           |  |  |           | $ | 630 |  |  | $ | 630 |  |  | $ | 412 | 
|                       |  |  |  | Garcha Randhawa Taxi Corp ## & {Annually-Prime plus 1.00%}                            |  | Term Loan                                             |  |                 | 05/31/13 |  |              |  | 05/30/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 773 |  |  | $ | 762 |  |  | $ | 411 | 
|                       |  |  |  | Strivers Way Inc ## &                                                                 |  | Term Loan                                             |  |                 | 12/17/13 |  |              |  | 12/17/16 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.85 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 666 |  |  | $ | 641 |  |  | $ | 412 | 
|                       |  |  |  | Spyridon Tzorzis ## & (interest rate includes deferred interest of 2.50%)             |  | Term Loan                                             |  |                 | 07/10/13 |  |              |  | 07/12/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 15                   |  |  |           |  |  |           | $ | 592 |  |  | $ | 592 |  |  | $ | 411 | 
|                       |  |  |  | Mian Cab Corp ## &                                                                    |  | Term Loan                                             |  |                 | 01/21/14 |  |              |  | 01/21/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 590 |  |  | $ | 590 |  |  | $ | 411 | 
|                       |  |  |  | Marc C Bastien ## & (interest rate includes deferred interest of 1.50%)               |  | Term Loan                                             |  |                 | 04/11/13 |  |              |  | 05/24/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.50 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 573 |  |  | $ | 571 |  |  | $ | 412 | 
|                       |  |  |  | Leo P. Roland ## &                                                                    |  | Term Loan                                             |  |                 | 12/03/13 |  |              |  | 12/03/16 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 670 |  |  | $ | 664 |  |  | $ | 411 | 
|                       |  |  |  | Joseph W Charles &                                                                    |  | Term Loan                                             |  |                 | 05/27/14 |  |              |  | 05/27/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.70 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 579 |  |  | $ | 579 |  |  | $ | 412 | 
|                       |  |  |  | Haroon Sharif ## & (interest rate includes deferred interest of 2.50%)                |  | Term Loan                                             |  |                 | 05/21/13 |  |              |  | 05/18/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 21                   |  |  |           |  |  |           | $ | 748 |  |  | $ | 748 |  |  | $ | 412 | 
|                       |  |  |  | Guy Merisier ## &                                                                     |  | Term Loan                                             |  |                 | 07/25/14 |  |              |  | 07/25/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.13 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 568 |  |  | $ | 550 |  |  | $ | 411 | 
|                       |  |  |  | Gilberto Barrera ## & (interest rate includes deferred interest of 2.50%)             |  | Term Loan                                             |  |                 | 04/02/14 |  |              |  | 04/02/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 5                    |  |  |           |  |  |           | $ | 728 |  |  | $ | 722 |  |  | $ | 411 | 
|                       |  |  |  | Eli Parada ## &                                                                       |  | Term Loan                                             |  |                 | 11/27/13 |  |              |  | 11/27/16 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.65 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 538 |  |  | $ | 538 |  |  | $ | 411 | 
|                       |  |  |  | Dhuri And Barnala Cab Corp ## &                                                       |  | Term Loan                                             |  |                 | 06/03/13 |  |              |  | 06/03/16 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.80 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 753 |  |  | $ | 747 |  |  | $ | 411 | 
|                       |  |  |  | Binh Pham ## & (interest rate includes deferred interest of 2.75%)                    |  | Term Loan                                             |  |                 | 04/23/14 |  |              |  | 05/26/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.50 | %                                   |  | $ | 1                    |  |  |           |  |  |           | $ | 721 |  |  | $ | 708 |  |  | $ | 411 | 
|                       |  |  |  | Atef A Khalil & (interest rate includes deferred interest of 2.50%)                   |  | Term Loan                                             |  |                 | 07/09/14 |  |              |  | 12/25/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 9                    |  |  |           |  |  |           | $ | 695 |  |  | $ | 686 |  |  | $ | 412 | 
|                       |  |  |  | Alika Awan Trans Corp ## &                                                            |  | Term Loan                                             |  |                 | 09/04/13 |  |              |  | 09/04/16 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.85 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 734 |  |  | $ | 734 |  |  | $ | 411 | 
|                       |  |  |  | Jaswinder K Sharma ##                                                                 |  | Term Loan                                             |  |                 | 10/08/15 |  |              |  | 10/08/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 480 |  |  | $ | 480 |  |  | $ | 480 | 
|                       |  |  |  | Momar Diagne ## (interest rate includes deferred interest of 1.00%)                   |  | Term Loan                                             |  |                 | 05/12/14 |  |              |  | 05/12/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.50 | %                                   |  | $ | 1                    |  |  |           |  |  |           | $ | 469 |  |  | $ | 469 |  |  | $ | 469 | 
|                       |  |  |  | Adil Lone ## &                                                                        |  | Term Loan                                             |  |                 | 09/10/15 |  |              |  | 09/10/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 467 |  |  | $ | 467 |  |  | $ | 467 | 
|                       |  |  |  | Louis A Alphonse ## &                                                                 |  | Term Loan                                             |  |                 | 02/21/13 |  |              |  | 02/18/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 465 |  |  | $ | 465 |  |  | $ | 412 | 
|                       |  |  |  | Ahmed Elsayed ## &                                                                    |  | Term Loan                                             |  |                 | 11/22/13 |  |              |  | 11/22/16 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 469 |  |  | $ | 469 |  |  | $ | 412 | 
|                       |  |  |  | Harold Torres ##                                                                      |  | Term Loan                                             |  |                 | 02/25/16 |  |              |  | 02/25/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 457 |  |  | $ | 457 |  |  | $ | 458 | 
|                       |  |  |  | Jasvinder Chhoker + Dam Singh                                                         |  | Term Loan                                             |  |                 | 11/10/11 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 456 |  |  | $ | 456 |  |  | $ | 456 | 
|                       |  |  |  | Frands Fequiere ## &                                                                  |  | Term Loan                                             |  |                 | 01/20/16 |  |              |  | 01/20/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 461 |  |  | $ | 455 |  |  | $ | 412 | 
|                       |  |  |  | Avner Ben-Levy ## &                                                                   |  | Term Loan                                             |  |                 | 05/29/12 |  |              |  | 05/28/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 483 |  |  | $ | 457 |  |  | $ | 411 | 
|                       |  |  |  | M Irshad Chaudhry & Mhd Ramzan ## (interest rate includes deferred interest of 1.25%) |  | Term Loan                                             |  |                 | 03/21/11 |  |              |  | 03/21/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 7                    |  |  |           |  |  |           | $ | 449 |  |  | $ | 449 |  |  | $ | 449 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                                                                    |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                                |  |      |                                     |  |   |                      |  |  |           |     |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ---------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------------------ |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | --------- | --- |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in
thousands) |  |  |  | Obligor Name                                                                       |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | Capitalized/ 
DeferredInterest |  |      | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost 
(4) |     |  | FairValue |  
|                       |  |  |  | I&I Cab Corp ##                                                                    |  | Term Loan                                             |  |                 | 03/19/13 |  |              |  | 02/09/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 449 |  |  | $ | 449 |  |  | $ | 449 | 
|                       |  |  |  | Eustache Romain ## &                                                               |  | Term Loan                                             |  |                 | 02/26/13 |  |              |  | 04/06/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 453 |  |  | $ | 447 |  |  | $ | 447 | 
|                       |  |  |  | Joseph Jean ##                                                                     |  | Term Loan                                             |  |                 | 03/14/12 |  |              |  | 02/10/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 445 |  |  | $ | 445 |  |  | $ | 445 | 
|                       |  |  |  | Shubal C Ghose ##                                                                  |  | Term Loan                                             |  |                 | 03/20/15 |  |              |  | 03/20/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 439 |  |  | $ | 439 |  |  | $ | 439 | 
|                       |  |  |  | W.B.L.S Taxi Inc ## (interest rate includes deferred interest of 1.75%)            |  | Term Loan                                             |  |                 | 08/09/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 5                    |  |  |           |     |  |           | $ | 437 |  |  | $ | 437 |  |  | $ | 437 | 
|                       |  |  |  | Mohammad Azhar ##                                                                  |  | Term Loan                                             |  |                 | 02/24/14 |  |              |  | 02/24/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 431 |  |  | $ | 431 |  |  | $ | 431 | 
|                       |  |  |  | Rahul Amin ##                                                                      |  | Term Loan                                             |  |                 | 06/11/14 |  |              |  | 06/26/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.63 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 423 |  |  | $ | 423 |  |  | $ | 423 | 
|                       |  |  |  | Lelio Bresier & Jeanne Bresier ## &                                                |  | Term Loan                                             |  |                 | 03/06/13 |  |              |  | 04/08/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 417 |  |  | $ | 414 |  |  | $ | 412 | 
|                       |  |  |  | Senoz Cab Corp &                                                                   |  | Term Loan                                             |  |                 | 05/23/14 |  |              |  | 05/23/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.00 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 748 |  |  | $ | 723 |  |  | $ | 350 | 
|                       |  |  |  | Gilzian Enterprise LLC ## &                                                        |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.88 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 656 |  |  | $ | 656 |  |  | $ | 350 | 
|                       |  |  |  | Anmol Usa LLC ## &                                                                 |  | Term Loan                                             |  |                 | 10/01/14 |  |              |  | 09/26/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 575 |  |  | $ | 575 |  |  | $ | 350 | 
|                       |  |  |  | Eugenio & Ayodele Trans Corp & (interest rate includes deferred interest of 2.50%) |  | Term Loan                                             |  |                 | 09/26/13 |  |              |  | 03/28/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 4                    |  |  |           |     |  |           | $ | 663 |  |  | $ | 647 |  |  | $ | 349 | 
|                       |  |  |  | Amr & Rina Taxi Inc &                                                              |  | Term Loan                                             |  |                 | 07/15/13 |  |              |  | 06/26/16 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 667 |  |  | $ | 667 |  |  | $ | 350 | 
|                       |  |  |  | Gustavo E Cabrejos ##                                                              |  | Term Loan                                             |  |                 | 10/07/15 |  |              |  | 04/07/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 404 |  |  | $ | 404 |  |  | $ | 405 | 
|                       |  |  |  | Mokbul Choudhury ##                                                                |  | Term Loan                                             |  |                 | 08/25/14 |  |              |  | 08/25/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 404 |  |  | $ | 404 |  |  | $ | 404 | 
|                       |  |  |  | Verity Taxi Inc ##                                                                 |  | Term Loan                                             |  |                 | 02/08/13 |  |              |  | 02/08/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.60 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 400 |  |  | $ | 400 |  |  | $ | 400 | 
|                       |  |  |  | Santokh Bangay ##                                                                  |  | Term Loan                                             |  |                 | 12/10/12 |  |              |  | 05/23/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 397 |  |  | $ | 397 |  |  | $ | 397 | 
|                       |  |  |  | Dady Hamel ##                                                                      |  | Term Loan                                             |  |                 | 12/26/13 |  |              |  | 12/26/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 396 |  |  | $ | 396 |  |  | $ | 396 | 
|                       |  |  |  | Sweeney And Sweeney ##                                                             |  | Term Loan                                             |  |                 | 09/29/15 |  |              |  | 03/28/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 392 |  |  | $ | 392 |  |  | $ | 392 | 
|                       |  |  |  | David Mashkabov ##                                                                 |  | Term Loan                                             |  |                 | 10/26/11 |  |              |  | 10/24/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 385 |  |  | $ | 385 |  |  | $ | 385 | 
|                       |  |  |  | Jacob Kuruvilla ##                                                                 |  | Term Loan                                             |  |                 | 11/11/09 |  |              |  | 12/05/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 382 |  |  | $ | 382 |  |  | $ | 382 | 
|                       |  |  |  | Carlot Dalce ##                                                                    |  | Term Loan                                             |  |                 | 07/09/13 |  |              |  | 07/09/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.75 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 378 |  |  | $ | 378 |  |  | $ | 378 | 
|                       |  |  |  | L&A Tarafdar Taxi Inc {Annually-Prime plus 1.00%}                                  |  | Term Loan                                             |  |                 | 05/24/16 |  |              |  | 05/24/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 372 |  |  | $ | 372 |  |  | $ | 374 | 
|                       |  |  |  | Daca Taxi Inc ##                                                                   |  | Term Loan                                             |  |                 | 06/07/17 |  |              |  | 06/07/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.50 | %                                   |  | $ | 0                    |  |  | $         | 370 |  |           | $ | 370 |  |  | $ | 370 |  |  | $ | 372 | 
|                       |  |  |  | Melimajua Cab Corp ##                                                              |  | Term Loan                                             |  |                 | 10/14/14 |  |              |  | 10/14/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.90 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 370 |  |  | $ | 370 |  |  | $ | 370 | 
|                       |  |  |  | Pierre Jeune ##                                                                    |  | Term Loan                                             |  |                 | 12/14/12 |  |              |  | 06/09/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 368 |  |  | $ | 368 |  |  | $ | 368 | 
|                       |  |  |  | Pierre Cadet ##                                                                    |  | Term Loan                                             |  |                 | 03/19/13 |  |              |  | 03/19/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 363 |  |  | $ | 363 |  |  | $ | 363 | 
|                       |  |  |  | Bucur Express Cab Corp ##                                                          |  | Term Loan                                             |  |                 | 06/07/17 |  |              |  | 06/07/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.50 | %                                   |  | $ | 0                    |  |  | $         | 356 |  |           | $ | 356 |  |  | $ | 356 |  |  | $ | 358 | 
|                       |  |  |  | Yberto Santana ##                                                                  |  | Term Loan                                             |  |                 | 02/27/14 |  |              |  | 02/22/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 355 |  |  | $ | 355 |  |  | $ | 355 | 
|                       |  |  |  | Eduard Neyman                                                                      |  | Term Loan                                             |  |                 | 05/24/13 |  |              |  | 05/24/20 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 350 |  |  | $ | 350 |  |  | $ | 351 | 
|                       |  |  |  | Chuhar Singh ##                                                                    |  | Term Loan                                             |  |                 | 06/06/13 |  |              |  | 06/15/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 351 |  |  | $ | 351 |  |  | $ | 351 | 
|                       |  |  |  | Shah M Rahman ##                                                                   |  | Term Loan                                             |  |                 | 11/25/13 |  |              |  | 11/25/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 350 |  |  | $ | 350 |  |  | $ | 350 | 
|                       |  |  |  | Anthony Okyere Duah ##                                                             |  | Term Loan                                             |  |                 | 06/10/11 |  |              |  | 06/10/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.63 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 346 |  |  | $ | 346 |  |  | $ | 346 | 
|                       |  |  |  | Serge Bonny ##                                                                     |  | Term Loan                                             |  |                 | 03/11/13 |  |              |  | 03/14/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 342 |  |  | $ | 342 |  |  | $ | 342 | 
|                       |  |  |  | Double Cab Corp ##                                                                 |  | Term Loan                                             |  |                 | 07/13/12 |  |              |  | 06/12/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 333 |  |  | $ | 333 |  |  | $ | 333 | 
|                       |  |  |  | Malkit Singh ##                                                                    |  | Term Loan                                             |  |                 | 07/16/15 |  |              |  | 01/16/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 323 |  |  | $ | 323 |  |  | $ | 324 | 
|                       |  |  |  | Rehmet Khan ##                                                                     |  | Term Loan                                             |  |                 | 03/11/15 |  |              |  | 03/08/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 317 |  |  | $ | 317 |  |  | $ | 317 | 
|                       |  |  |  | Essa & Soliman Transit Inc ##                                                      |  | Term Loan                                             |  |                 | 04/19/13 |  |              |  | 03/08/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.75 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 317 |  |  | $ | 317 |  |  | $ | 317 | 
|                       |  |  |  | Surjit Singh ##                                                                    |  | Term Loan                                             |  |                 | 10/25/13 |  |              |  | 10/25/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.80 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 309 |  |  | $ | 309 |  |  | $ | 310 | 
|                       |  |  |  | Sincere Cab Corp ##                                                                |  | Term Loan                                             |  |                 | 06/21/11 |  |              |  | 06/21/20 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.75 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 312 |  |  | $ | 312 |  |  | $ | 309 | 
|                       |  |  |  | Georges Desrosiers ## &                                                            |  | Term Loan                                             |  |                 | 07/23/14 |  |              |  | 07/23/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 304 |  |  | $ | 304 |  |  | $ | 304 | 
|                       |  |  |  | Jasvir Singh                                                                       |  | Term Loan                                             |  |                 | 11/27/12 |  |              |  | 11/27/22 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 297 |  |  | $ | 297 |  |  | $ | 300 | 
|                       |  |  |  | Bj Cab Corp/Note 2 Of 2 {Annually-Prime plus 1.00%}                                |  | Term Loan                                             |  |                 | 06/12/13 |  |              |  | 09/12/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 295 |  |  | $ | 295 |  |  | $ | 295 | 
|                       |  |  |  | Bj Cab Corp/Note 1 Of 2 {Annually-Prime plus 1.00%}                                |  | Term Loan                                             |  |                 | 06/12/13 |  |              |  | 09/12/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 295 |  |  | $ | 295 |  |  | $ | 295 | 
|                       |  |  |  | Joubert Toussaint ##                                                               |  | Term Loan                                             |  |                 | 03/09/15 |  |              |  | 03/09/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 292 |  |  | $ | 292 |  |  | $ | 292 | 
|                       |  |  |  | Musa Corp ##                                                                       |  | Term Loan                                             |  |                 | 01/26/15 |  |              |  | 01/26/20 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 281 |  |  | $ | 281 |  |  | $ | 282 | 
|                       |  |  |  | Micdavid Hacking Corp ##                                                           |  | Term Loan                                             |  |                 | 01/26/15 |  |              |  | 01/26/20 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 281 |  |  | $ | 281 |  |  | $ | 282 | 
|                       |  |  |  | Macbak Trans Corp ##                                                               |  | Term Loan                                             |  |                 | 01/26/15 |  |              |  | 01/26/20 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 281 |  |  | $ | 281 |  |  | $ | 282 | 
|                       |  |  |  | Aem Transportation Corp ##                                                         |  | Term Loan                                             |  |                 | 01/26/15 |  |              |  | 01/26/20 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 281 |  |  | $ | 281 |  |  | $ | 282 | 
|                       |  |  |  | Petia Cab Corporation ## {Annually-Prime}                                          |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 10/01/21 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 280 |  |  | $ | 280 |  |  | $ | 280 | 
|                       |  |  |  | King Verin Taxi Inc ## {Annually-Prime}                                            |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 10/01/21 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 280 |  |  | $ | 280 |  |  | $ | 280 | 
|                       |  |  |  | King D Taxi Inc ## {Annually-Prime}                                              |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 10/01/21 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 280 |  |  | $ | 280 |  |  | $ | 280 | 
|                       |  |  |  | Crossbow Taxi Inc ## {Annually-Prime}                                              |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 10/01/21 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 280 |  |  | $ | 280 |  |  | $ | 280 | 
|                       |  |  |  | Cleopatra Cab Corp ## {Annually-Prime}                                             |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 10/01/21 |               |  |  | 1             |  |  |                  | * |  |                                |  | 3.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 280 |  |  | $ | 280 |  |  | $ | 280 | 
|                       |  |  |  | Jean B Guerrier ##                                                                 |  | Term Loan                                             |  |                 | 08/08/12 |  |              |  | 08/10/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 268 |  |  | $ | 268 |  |  | $ | 268 | 
|                       |  |  |  | Elsayed A Hassan ##                                                                |  | Term Loan                                             |  |                 | 11/28/11 |  |              |  | 11/21/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 267 |  |  | $ | 267 |  |  | $ | 267 | 
|                       |  |  |  | Kornos Taxi Inc ##                                                                 |  | Term Loan                                             |  |                 | 09/04/12 |  |              |  | 09/04/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 266 |  |  | $ | 266 |  |  | $ | 266 | 
|                       |  |  |  | Birk Cab Corp/Note 1 ## & (interest rate includes deferred interest of 1.25%)      |  | Term Loan                                             |  |                 | 03/11/15 |  |              |  | 05/09/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 4                    |  |  |           |     |  |           | $ | 357 |  |  | $ | 345 |  |  | $ | 223 | 
|                       |  |  |  | Platform Taxi Service/Mbank                                                        |  | Term Loan                                             |  |                 | 05/04/12 |  |              |  | 09/15/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.92 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 252 |  |  | $ | 252 |  |  | $ | 252 | 
|                       |  |  |  | Zorro Taxi Inc ##                                                                  |  | Term Loan                                             |  |                 | 12/20/13 |  |              |  | 12/20/17 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 251 |  |  | $ | 251 |  |  | $ | 251 | 
|                       |  |  |  | Kesef Taxi Inc/Mbank (interest rate includes deferred interest of 1.75%)           |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                                |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 247 |  |  | $ | 247 |  |  | $ | 247 | 
|                       |  |  |  | Mohammmed H Iqbal ##                                                               |  | Term Loan                                             |  |                 | 09/14/12 |  |              |  | 03/11/18 |               |  |  | 1             |  |  |                  | * |  |                                |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 235 |  |  | $ | 235 |  |  | $ | 235 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                                                                                         |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                               |  |       |                                     |  |   |                      |  |  |           |     |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ----------------------------- |  | ----- | ----------------------------------- |  | - | -------------------- |  |  | --------- | --- |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in
thousands) |  |  |  | Obligor Name                                                                                            |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | Capitalized/ DeferredInterest |  |       | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost 
(4) |     |  | FairValue |  
|                       |  |  |  | Corsi Cab Corp ##                                                                                       |  | Term Loan                                             |  |                 | 06/21/11 |  |              |  | 06/21/20 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.75  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 234 |  |  | $ | 234 |  |  | $ | 232 | 
|                       |  |  |  | Anba Taxi Inc ##                                                                                        |  | Term Loan                                             |  |                 | 06/21/11 |  |              |  | 06/21/20 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.75  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 234 |  |  | $ | 234 |  |  | $ | 232 | 
|                       |  |  |  | Birk Cab Corp/Note 2 ## & (interest rate includes deferred interest of 1.25%)                           |  | Term Loan                                             |  |                 | 03/11/15 |  |              |  | 05/09/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00  | %                                   |  | $ | 1                    |  |  |           |     |  |           | $ | 307 |  |  | $ | 295 |  |  | $ | 191 | 
|                       |  |  |  | Ede Service Corp ##                                                                                     |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 2.81  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 210 |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  |  |  | Daniel Victor ##                                                                                        |  | Term Loan                                             |  |                 | 05/09/16 |  |              |  | 05/09/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.75  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 207 |  |  | $ | 207 |  |  | $ | 208 | 
|                       |  |  |  | Lissade Aurelus ## {Annually-Prime plus 1.00%}                                                          |  | Term Loan                                             |  |                 | 05/01/13 |  |              |  | 05/03/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 186 |  |  | $ | 186 |  |  | $ | 186 | 
|                       |  |  |  | Jackie L Chaiken ##                                                                                     |  | Term Loan                                             |  |                 | 09/20/16 |  |              |  | 03/26/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.25  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 178 |  |  | $ | 178 |  |  | $ | 179 | 
|                       |  |  |  | Valeri Aminov - Note 1                                                                                  |  | Term Loan                                             |  |                 | 02/25/15 |  |              |  | 02/25/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.25  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 171 |  |  | $ | 171 |  |  | $ | 171 | 
|                       |  |  |  | Wai Tat Louie                                                                                           |  | Term Loan                                             |  |                 | 05/07/15 |  |              |  | 05/25/20 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 164 |  |  | $ | 164 |  |  | $ | 164 | 
|                       |  |  |  | Mohammad Ashraf Ali ##                                                                                  |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 01/09/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 160 |  |  | $ | 160 |  |  | $ | 160 | 
|                       |  |  |  | Ede Service Corp/Mfun                                                                                   |  | Term Loan                                             |  |                 | 07/24/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 2.81  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 151 |  |  | $ | 151 |  |  | $ | 151 | 
|                       |  |  |  | Wan Sang Lau & Mary Quan Lau ##                                                                         |  | Term Loan                                             |  |                 | 03/18/16 |  |              |  | 03/18/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 145 |  |  | $ | 145 |  |  | $ | 146 | 
|                       |  |  |  | Jo & Dimi LLC ##                                                                                        |  | Term Loan                                             |  |                 | 09/17/15 |  |              |  | 09/17/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 3.10  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 140 |  |  | $ | 140 |  |  | $ | 141 | 
|                       |  |  |  | Ny Diploma Taxi Co ##                                                                                   |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 2.81  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 140 |  |  | $ | 140 |  |  | $ | 140 | 
|                       |  |  |  | Sofi Hacking Corp ##                                                                                    |  | Term Loan                                             |  |                 | 05/11/15 |  |              |  | 05/11/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 125 |  |  | $ | 125 |  |  | $ | 126 | 
|                       |  |  |  | Mk Multani/B Note                                                                                       |  | Term Loan                                             |  |                 | 04/13/15 |  |              |  | 11/13/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 125 |  |  | $ | 125 |  |  | $ | 125 | 
|                       |  |  |  | Joseph Bologna ## {Annually-Prime plus 1.00%}                                                           |  | Term Loan                                             |  |                 | 10/06/10 |  |              |  | 09/29/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 121 |  |  | $ | 121 |  |  | $ | 121 | 
|                       |  |  |  | Roman Fermin ##                                                                                         |  | Term Loan                                             |  |                 | 08/09/13 |  |              |  | 07/29/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.75  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 112 |  |  | $ | 112 |  |  | $ | 112 | 
|                       |  |  |  | Sunu Miah And M Jahangi/Mbnk (interest rate includes deferred interest of 2.25%)                        |  | Term Loan                                             |  |                 | 05/12/14 |  |              |  | 08/15/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 108 |  |  | $ | 108 |  |  | $ | 108 | 
|                       |  |  |  | Ny Diploma Taxi Corp/Mfun                                                                               |  | Term Loan                                             |  |                 | 07/24/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 2.81  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 101 |  |  | $ | 101 |  |  | $ | 101 | 
|                       |  |  |  | Valeri Aminov - Note 1                                                                                  |  | Term Loan                                             |  |                 | 02/25/15 |  |              |  | 02/25/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.25  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 96  |  |  | $ | 96  |  |  | $ | 96  | 
|                       |  |  |  | Jaswinder Singh/Note B (interest rate includes deferred interest of 2.00%)                              |  | Term Loan                                             |  |                 | 04/27/16 |  |              |  | 04/27/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50  | %                                   |  | $ | 2                    |  |  |           |     |  |           | $ | 84  |  |  | $ | 84  |  |  | $ | 85  | 
|                       |  |  |  | D&P Baidwan LLC/Mbnk (interest rate includes deferred interest of 5.36%)                                |  | Term Loan                                             |  |                 | 05/20/14 |  |              |  | 05/20/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 10.72 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 85  |  |  | $ | 85  |  |  | $ | 85  | 
|                       |  |  |  | Nicolae Blidariu                                                                                        |  | Term Loan                                             |  |                 | 02/29/08 |  |              |  | 02/28/23 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.50  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 83  |  |  | $ | 83  |  |  | $ | 83  | 
|                       |  |  |  | Gni Taxi LLC &                                                                                          |  | Term Loan                                             |  |                 | 06/09/14 |  |              |  | 05/15/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.50  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 78  |  |  | $ | 78  |  |  | $ | 78  | 
|                       |  |  |  | 1212 Taxi LLC (interest rate includes deferred interest of 1.75%)                                       |  | Term Loan                                             |  |                 | 01/19/17 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00  | %                                   |  | $ | 6                    |  |  | $         | 750 |  |           | $ | 76  |  |  | $ | 76  |  |  | $ | 78  | 
|                       |  |  |  | Y Joey Taxi Inc (interest rate includes deferred interest of 1.75%)                                     |  | Term Loan                                             |  |                 | 01/19/17 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00  | %                                   |  | $ | 3                    |  |  | $         | 400 |  |           | $ | 75  |  |  | $ | 75  |  |  | $ | 77  | 
|                       |  |  |  | Kero Taxi Corp/Mbnk                                                                                     |  | Term Loan                                             |  |                 | 05/30/14 |  |              |  | 11/30/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 10.25 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 75  |  |  | $ | 75  |  |  | $ | 75  | 
|                       |  |  |  | Pj Moe LLC/Mbnk                                                                                         |  | Term Loan                                             |  |                 | 07/08/14 |  |              |  | 07/08/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 8.44  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 74  |  |  | $ | 74  |  |  | $ | 74  | 
|                       |  |  |  | Bu Taxi LLC/Mbank (interest rate includes deferred interest of 1.75%)                                   |  | Term Loan                                             |  |                 | 01/19/17 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  | $         | 75  |  |           | $ | 74  |  |  | $ | 74  |  |  | $ | 74  | 
|                       |  |  |  | Abdul H Abid ##                                                                                         |  | Term Loan                                             |  |                 | 04/24/14 |  |              |  | 04/24/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 71  |  |  | $ | 71  |  |  | $ | 72  | 
|                       |  |  |  | Ede Service Corp                                                                                        |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 2.81  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 69  |  |  | $ | 69  |  |  | $ | 69  | 
|                       |  |  |  | Mode Service Corp                                                                                       |  | Term Loan                                             |  |                 | 06/02/11 |  |              |  | 06/01/21 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 62  |  |  | $ | 62  |  |  | $ | 62  | 
|                       |  |  |  | Jean Pierre Trans Inc                                                                                   |  | Term Loan                                             |  |                 | 02/26/14 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 3.75  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 62  |  |  | $ | 62  |  |  | $ | 62  | 
|                       |  |  |  | Davinder Singh/Mbnk (interest rate includes deferred interest of 7.12%)                                 |  | Term Loan                                             |  |                 | 04/23/14 |  |              |  | 04/20/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 13.04 | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 61  |  |  | $ | 61  |  |  | $ | 61  | 
|                       |  |  |  | Tyme Cab Corp &                                                                                         |  | Term Loan                                             |  |                 | 06/26/14 |  |              |  | 06/26/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 3.60  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 60  |  |  | $ | 60  |  |  | $ | 60  | 
|                       |  |  |  | Y Mommy Taxi Inc/Mbank (interest rate includes deferred interest of 1.75%)                              |  | Term Loan                                             |  |                 | 01/19/17 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  | $         | 60  |  |           | $ | 59  |  |  | $ | 59  |  |  | $ | 59  | 
|                       |  |  |  | Eddy Joseph                                                                                             |  | Term Loan                                             |  |                 | 02/02/15 |  |              |  | 02/02/22 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 55  |  |  | $ | 55  |  |  | $ | 57  | 
|                       |  |  |  | Sonnet Service Co Inc {Annually-Prime plus .25%}                                                        |  | Term Loan                                             |  |                 | 08/30/13 |  |              |  | 03/01/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 56  |  |  | $ | 56  |  |  | $ | 56  | 
|                       |  |  |  | Ruckman Hacking Corp {Annually-Prime plus .25%}                                                         |  | Term Loan                                             |  |                 | 08/30/13 |  |              |  | 03/01/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 56  |  |  | $ | 56  |  |  | $ | 56  | 
|                       |  |  |  | Chahal & Nahal LLC (interest rate includes deferred interest of 4.17%)                                  |  | Term Loan                                             |  |                 | 04/21/14 |  |              |  | 04/21/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 8.33  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 56  |  |  | $ | 56  |  |  | $ | 56  | 
|                       |  |  |  | Goodspeed Transit Inc {Annually-Prime plus .50%}                                                        |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 54  |  |  | $ | 54  |  |  | $ | 54  | 
|                       |  |  |  | Y Daddy Taxi Inc/Mbank (interest rate includes deferred interest of 1.75%)                              |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 54  |  |  | $ | 54  |  |  | $ | 54  | 
|                       |  |  |  | Granny Hacking Corp                                                                                     |  | Term Loan                                             |  |                 | 03/07/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 3.50  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 52  |  |  | $ | 52  |  |  | $ | 53  | 
|                       |  |  |  | M.Y. Taxi Inc (interest rate includes deferred interest of 1.75%)                                       |  | Term Loan                                             |  |                 | 01/19/17 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00  | %                                   |  | $ | 8                    |  |  | $         | 960 |  |           | $ | 50  |  |  | $ | 50  |  |  | $ | 52  | 
|                       |  |  |  | Cora Hacking Corp                                                                                       |  | Term Loan                                             |  |                 | 03/07/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 3.50  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 52  |  |  | $ | 52  |  |  | $ | 52  | 
|                       |  |  |  | William G Ward ##                                                                                       |  | Term Loan                                             |  |                 | 04/29/13 |  |              |  | 04/26/21 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 49  |  |  | $ | 49  |  |  | $ | 49  | 
|                       |  |  |  | Network Agami Cab Corp (interest rate includes deferred interest of 1.00%) {Annually-Prime minus .175%} |  | Term Loan                                             |  |                 | 02/27/13 |  |              |  | 05/01/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.25  | %                                   |  | $ | 2                    |  |  |           |     |  |           | $ | 47  |  |  | $ | 47  |  |  | $ | 47  | 
|                       |  |  |  | Salih Boncukcu/Mbnk                                                                                     |  | Term Loan                                             |  |                 | 06/18/14 |  |              |  | 06/18/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 8.96  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 47  |  |  | $ | 47  |  |  | $ | 47  | 
|                       |  |  |  | Ptah Cab Corp (interest rate includes deferred interest of 1.00%) {Annually-Prime minus .175%}          |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 05/01/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.25  | %                                   |  | $ | 2                    |  |  |           |     |  |           | $ | 46  |  |  | $ | 46  |  |  | $ | 46  | 
|                       |  |  |  | Soho Cab Corp &                                                                                         |  | Term Loan                                             |  |                 | 02/11/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 3.00  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 112 |  |  | $ | 61  |  |  | $ | 39  | 
|                       |  |  |  | Ny Diploma Taxi Co                                                                                      |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 2.81  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 46  |  |  | $ | 46  |  |  | $ | 46  | 
|                       |  |  |  | Rrc Express Corp/Mbnk &                                                                                 |  | Term Loan                                             |  |                 | 05/14/14 |  |              |  | 05/14/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 8.71  | %                                   |  | $ | 0                    |  |  |           |     |  |           | $ | 45  |  |  | $ | 45  |  |  | $ | 45  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                                                                |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                               |  |       |                                     |  |   |                      |  |  |          |     |  |           |   |        |  |  |   |        |  |  |   |        | 
|---------------------- |  |  |  | ------------------------------------------------------------------------------ |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - | - | ----------------------------- |  | ----- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in
thousands) |  |  |  | Obligor Name                                                                   |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |   | Capitalized/ DeferredInterest |  |       | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Orbit Agami Cab LLC {Annually-Prime minus .25%}                                |  | Term Loan                                             |  |                 | 11/05/10 |  |              |  | 10/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.25  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 44     |  |  | $ | 44     |  |  | $ | 44     | 
|                       |  |  |  | Jagjit Singh/Mbnk                                                              |  | Term Loan                                             |  |                 | 02/14/14 |  |              |  | 02/09/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.26  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 44     |  |  | $ | 44     |  |  | $ | 44     | 
|                       |  |  |  | Justin Hacking Corp {Annually-Prime plus .50%}                                 |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 42     |  |  | $ | 42     |  |  | $ | 42     | 
|                       |  |  |  | Boris Ushman ##                                                                |  | Term Loan                                             |  |                 | 05/21/03 |  |              |  | 02/17/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.75  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 34     |  |  | $ | 34     |  |  | $ | 34     | 
|                       |  |  |  | Y Mati Taxi Inc/Mbnk (interest rate includes deferred interest of 1.75%)       |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 30     |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  |  |  | Y Michal Taxi Inc/Mbnk (interest rate includes deferred interest of 1.75%)     |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 30     |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  |  |  | Y Meir Taxi Inc/Mbnk (interest rate includes deferred interest of 1.75%)       |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 30     |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  |  |  | S&M Taxi Inc/Mbank (interest rate includes deferred interest of 1.75%)         |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 30     |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  |  |  | N&A Taxi Inc/Mbank (interest rate includes deferred interest of 1.75%)         |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 30     |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  |  |  | M.M.Y Taxi Inc (interest rate includes deferred interest of 1.75%)             |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 7                    |  |  |          |     |  |           | $ | 30     |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  |  |  | Alexander Vizueta &                                                            |  | Term Loan                                             |  |                 | 09/12/16 |  |              |  | 03/12/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 28     |  |  | $ | 28     |  |  | $ | 30     | 
|                       |  |  |  | Ede Service Corp                                                               |  | Term Loan                                             |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.31  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 29     |  |  | $ | 29     |  |  | $ | 29     | 
|                       |  |  |  | Yme Transit Inc {Annually-Prime plus .50%}                                     |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 28     |  |  | $ | 28     |  |  | $ | 28     | 
|                       |  |  |  | Fido Cab Corp {Annually-Prime plus .50%}                                       |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 24     |  |  | $ | 24     |  |  | $ | 24     | 
|                       |  |  |  | Saba Moshe Taxi Inc (interest rate includes deferred interest of 1.75%)        |  | Term Loan                                             |  |                 | 01/19/17 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 3                    |  |  | $        | 422 |  |           | $ | 22     |  |  | $ | 22     |  |  | $ | 24     | 
|                       |  |  |  | Neomi & Z Taxi Inc (interest rate includes deferred interest of 1.75%)         |  | Term Loan                                             |  |                 | 01/19/17 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 3                    |  |  | $        | 422 |  |           | $ | 22     |  |  | $ | 22     |  |  | $ | 24     | 
|                       |  |  |  | Mtr Taxi Inc (interest rate includes deferred interest of 1.75%)               |  | Term Loan                                             |  |                 | 01/19/17 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 3                    |  |  | $        | 422 |  |           | $ | 22     |  |  | $ | 22     |  |  | $ | 24     | 
|                       |  |  |  | Maya Taxi Inc (interest rate includes deferred interest of 1.75%)              |  | Term Loan                                             |  |                 | 01/19/17 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 3                    |  |  | $        | 422 |  |           | $ | 22     |  |  | $ | 22     |  |  | $ | 24     | 
|                       |  |  |  | M&J Taxi Inc (interest rate includes deferred interest of 1.75%)               |  | Term Loan                                             |  |                 | 01/19/17 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 3                    |  |  | $        | 422 |  |           | $ | 22     |  |  | $ | 22     |  |  | $ | 24     | 
|                       |  |  |  | Bursa Cab Corp/Note 2                                                          |  | Term Loan                                             |  |                 | 03/23/01 |  |              |  | 09/10/23 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 24     |  |  | $ | 24     |  |  | $ | 24     | 
|                       |  |  |  | Bursa Cab Corp/Note 1                                                          |  | Term Loan                                             |  |                 | 03/23/01 |  |              |  | 09/10/23 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 23     |  |  | $ | 23     |  |  | $ | 23     | 
|                       |  |  |  | Sukhdev Singh & H Singh/B Note                                                 |  | Term Loan                                             |  |                 | 07/13/16 |  |              |  | 07/13/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 20     |  |  | $ | 20     |  |  | $ | 22     | 
|                       |  |  |  | Munir Ahmed Sahi ##                                                            |  | Term Loan                                             |  |                 | 08/13/15 |  |              |  | 08/13/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 21     |  |  | $ | 21     |  |  | $ | 22     | 
|                       |  |  |  | Ronen Taxi Inc/Mbank (interest rate includes deferred interest of 1.75%)       |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 21     |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  |  |  | Opera Taxi Inc/Mbank (interest rate includes deferred interest of 1.75%)       |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 21     |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  |  |  | Mry Taxi Inc/Mbank (interest rate includes deferred interest of 1.75%)         |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 01/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 21     |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  |  |  | Ny Diploma Taxi Co                                                             |  | Term Loan                                             |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.31  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 20     |  |  | $ | 20     |  |  | $ | 20     | 
|                       |  |  |  | Anastasios Tsiklidis                                                           |  | Term Loan                                             |  |                 | 04/15/11 |  |              |  | 01/15/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.60  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 17     |  |  | $ | 17     |  |  | $ | 17     | 
|                       |  |  |  | Vosiem Hacking Corp {Annually-Prime plus .50%}                                 |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 15     |  |  | $ | 15     |  |  | $ | 15     | 
|                       |  |  |  | Surlak Taxi LLC/Mbnk (interest rate includes deferred interest of 9.19%)       |  | Term Loan                                             |  |                 | 04/25/14 |  |              |  | 04/17/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 18.38 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 14     |  |  | $ | 14     |  |  | $ | 14     | 
|                       |  |  |  | Jose F Pimentel ##                                                             |  | Term Loan                                             |  |                 | 05/14/14 |  |              |  | 05/14/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.25  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 13     |  |  | $ | 13     |  |  | $ | 14     | 
|                       |  |  |  | Dominique Ismael &                                                             |  | Term Loan                                             |  |                 | 09/17/15 |  |              |  | 09/17/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 13     |  |  | $ | 13     |  |  | $ | 14     | 
|                       |  |  |  | Bj Cab Corp                                                                    |  | Term Loan                                             |  |                 | 02/27/15 |  |              |  | 02/26/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 13     |  |  | $ | 13     |  |  | $ | 14     | 
|                       |  |  |  | Norberto Cardona ##                                                            |  | Term Loan                                             |  |                 | 03/30/12 |  |              |  | 11/02/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 8      |  |  | $ | 8      |  |  | $ | 8      | 
|                       |  |  |  | Jean M Venord/Mbank                                                            |  | Term Loan                                             |  |                 | 04/10/17 |  |              |  | 04/10/22 |               |  |  | 1             |  |  |                  | * |   |                               |  | 9.25  | %                                   |  | $ | 0                    |  |  | $        | 8   |  |           | $ | 8      |  |  | $ | 8      |  |  | $ | 8      | 
|                       |  |  |  | Ilker Altaygil                                                                 |  | Term Loan                                             |  |                 | 11/23/15 |  |              |  | 11/20/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 2      |  |  | $ | 2      |  |  | $ | 2      | 
|                       |  |  |  | Paros Taxi LLC &                                                               |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 292    |  |  | $ | 234    |  |  | $ | 1      | 
|                       |  |  |  | Donald Singh &                                                                 |  | Term Loan                                             |  |                 | 10/08/15 |  |              |  | 10/08/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 17     |  |  | $ | 17     |  |  | $ | 1      | 
|                       |  |  |  | Balwinder Singh &                                                              |  | Term Loan                                             |  |                 | 10/02/15 |  |              |  | 10/02/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 9      |  |  | $ | 9      |  |  | $ | 1      | 
|                       |  |  |  | Balwinder Singh &                                                              |  | Term Loan                                             |  |                 | 02/19/14 |  |              |  | 02/07/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 15     |  |  | $ | 15     |  |  | $ | 1      | 
|                       |  |  |  | Ramdas 4 Taxi LLC/Mbnk &                                                       |  | Term Loan                                             |  |                 | 05/27/14 |  |              |  | 02/17/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 80     |  |  | $ | 74     |  |  | $ | 0      | 
|                       |  |  |  | Pakt Medallions LLC/Mbnk & (interest rate includes deferred interest of 6.75%) |  | Term Loan                                             |  |                 | 08/26/14 |  |              |  | 06/02/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 13.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 43     |  |  | $ | 43     |  |  | $ | 0      | 
|                       |  |  |  | Nirvair Trans LLC/Mbnk &                                                       |  | Term Loan                                             |  |                 | 02/04/14 |  |              |  | 02/04/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 8.50  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 45     |  |  | $ | 45     |  |  | $ | 0      | 
|                       |  |  |  | Hshmul Taxi LLC/Mbnk &                                                         |  | Term Loan                                             |  |                 | 03/17/14 |  |              |  | 05/31/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 36     |  |  | $ | 36     |  |  | $ | 0      | 
|                       |  |  |  | Harold Torres ## &                                                             |  | Term Loan                                             |  |                 | 10/01/13 |  |              |  | 11/01/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 4      |  |  | $ | 4      |  |  | $ | 0      | 
|                       |  |  |  | Hargobind Taxi LLC/Mbnk &                                                      |  | Term Loan                                             |  |                 | 05/23/14 |  |              |  | 05/23/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.06  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 78     |  |  | $ | 77     |  |  | $ | 0      | 
|                       |  |  |  | Diin Taxi LLC/Mbnk &                                                           |  | Term Loan                                             |  |                 | 12/27/16 |  |              |  | 06/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 0.00  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 127    |  |  | $ | 119    |  |  | $ | 0      | 
|                       |  |  |  | Arjun & Simran LLC/Mbnk &                                                      |  | Term Loan                                             |  |                 | 05/21/14 |  |              |  | 05/21/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 77     |  |  | $ | 77     |  |  | $ | 0      | 
|                       |  |  |  | Appoint Cab Corp/Mbank &                                                       |  | Term Loan                                             |  |                 | 12/06/10 |  |              |  | 06/06/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.62  | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 53     |  |  | $ | 53     |  |  | $ | 0      | 
|Chicago                |  |  |  |                                                                                |  |                                                       |  |                 |          |  |              |  |          |               |  |  | 110           |  |  |                  | 7 | % |                               |  | 4.81  | %                                   |  | $ | 138                  |  |  | $        | 0   |  |           | $ | 36,716 |  |  | $ | 36,158 |  |  | $ | 20,061 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                                                                       |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                               |  |      |                                     |  |   |                      |  |  |           |  |  |           |   |       |  |  |   |       |  |  |   |       | 
|---------------------- |  |  |  | ------------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - | - | ----------------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | --------- |  |  | --------- | - | ----- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in
thousands) |  |  |  | Obligor Name                                                                          |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |   | Capitalized/ DeferredInterest |  |      | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost 
(4) |  |  | FairValue |  
|                       |  |  |  | Sweetgrass Peach &Chadwick Cap ## (interest rate includes deferred interest of 1.00%) |  | Term Loan                                             |  |                 | 08/28/12 |  |              |  | 02/24/18 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 6.00 | %                                   |  | $ | 28                   |  |  |           |  |  |           | $ | 1,419 |  |  | $ | 1,419 |  |  | $ | 1,419 | 
|                       |  |  |  | Lucky Seven Chicago One Inc ## & {Annually-Prime}                                     |  | Term Loan                                             |  |                 | 12/22/15 |  |              |  | 12/22/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 1,183 |  |  | $ | 1,181 |  |  | $ | 350   | 
|                       |  |  |  | Blue Eyes Cab Corp ## & {Annually-Prime}                                              |  | Term Loan                                             |  |                 | 12/22/15 |  |              |  | 12/22/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 1,183 |  |  | $ | 1,181 |  |  | $ | 350   | 
|                       |  |  |  | Rahwa & Bros Cab Co, Et Al ## &                                                       |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 695   |  |  | $ | 657   |  |  | $ | 350   | 
|                       |  |  |  | Annabelle Cab Corporation ## &                                                        |  | Term Loan                                             |  |                 | 02/14/14 |  |              |  | 03/12/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 0.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 58    |  |  | $ | 58    |  |  | $ | 58    | 
|                       |  |  |  | Regal Cab Company Et Al ## &                                                          |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 1,320 |  |  | $ | 1,320 |  |  | $ | 815   | 
|                       |  |  |  | Naneffe Inc ## &                                                                      |  | Term Loan                                             |  |                 | 03/15/13 |  |              |  | 03/15/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 164   |  |  | $ | 158   |  |  | $ | 59    | 
|                       |  |  |  | Karbala Express Inc ## &                                                              |  | Term Loan                                             |  |                 | 02/26/13 |  |              |  | 05/26/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 237   |  |  | $ | 237   |  |  | $ | 60    | 
|                       |  |  |  | Alem B Cab Inc ## &                                                                   |  | Term Loan                                             |  |                 | 01/22/13 |  |              |  | 01/22/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 160   |  |  | $ | 160   |  |  | $ | 59    | 
|                       |  |  |  | Harriet C Inc ## (interest rate includes deferred interest of 2.75%)                  |  | Term Loan                                             |  |                 | 10/19/12 |  |              |  | 10/17/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 17                   |  |  |           |  |  |           | $ | 864   |  |  | $ | 864   |  |  | $ | 864   | 
|                       |  |  |  | Adi Express Inc ## &                                                                  |  | Term Loan                                             |  |                 | 09/21/12 |  |              |  | 09/21/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 146   |  |  | $ | 146   |  |  | $ | 146   | 
|                       |  |  |  | Lmb Taxi Iv Inc ## &                                                                  |  | Term Loan                                             |  |                 | 07/12/12 |  |              |  | 06/25/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 796   |  |  | $ | 796   |  |  | $ | 291   | 
|                       |  |  |  | Kayla Hacking Corp ## &                                                               |  | Term Loan                                             |  |                 | 07/12/12 |  |              |  | 06/25/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 478   |  |  | $ | 478   |  |  | $ | 175   | 
|                       |  |  |  | Mikhalia Cabs Nine Inc ## &                                                           |  | Term Loan                                             |  |                 | 07/12/12 |  |              |  | 06/25/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 478   |  |  | $ | 478   |  |  | $ | 175   | 
|                       |  |  |  | Michael Two Cab Corp ## &                                                             |  | Term Loan                                             |  |                 | 07/12/12 |  |              |  | 06/25/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 955   |  |  | $ | 955   |  |  | $ | 349   | 
|                       |  |  |  | Lmb Taxi V Inc ## &                                                                   |  | Term Loan                                             |  |                 | 07/12/12 |  |              |  | 06/25/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 796   |  |  | $ | 796   |  |  | $ | 291   | 
|                       |  |  |  | Chicago Medallion Nine LLC ## &                                                       |  | Term Loan                                             |  |                 | 05/02/12 |  |              |  | 05/02/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 1,233 |  |  | $ | 1,233 |  |  | $ | 466   | 
|                       |  |  |  | Chicago Medallion Seven LLC ## &                                                      |  | Term Loan                                             |  |                 | 05/02/12 |  |              |  | 05/02/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 616   |  |  | $ | 616   |  |  | $ | 232   | 
|                       |  |  |  | Johns Cabs Corp ##                                                                    |  | Term Loan                                             |  |                 | 04/12/12 |  |              |  | 08/12/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 283   |  |  | $ | 283   |  |  | $ | 283   | 
|                       |  |  |  | Significant Trans Inc ## &                                                            |  | Term Loan                                             |  |                 | 04/06/12 |  |              |  | 04/06/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 139   |  |  | $ | 139   |  |  | $ | 59    | 
|                       |  |  |  | Semhar Corp ## &                                                                      |  | Term Loan                                             |  |                 | 01/31/12 |  |              |  | 01/31/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 141   |  |  | $ | 141   |  |  | $ | 58    | 
|                       |  |  |  | Valasia Cab Co ##                                                                     |  | Term Loan                                             |  |                 | 01/18/12 |  |              |  | 01/18/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 242   |  |  | $ | 242   |  |  | $ | 242   | 
|                       |  |  |  | Sny Cab Inc ##                                                                        |  | Term Loan                                             |  |                 | 12/14/11 |  |              |  | 12/28/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 25    |  |  | $ | 25    |  |  | $ | 25    | 
|                       |  |  |  | Chicago Medallion One LLC ## & (interest rate includes deferred interest of 0.75%)    |  | Term Loan                                             |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.75 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 765   |  |  | $ | 765   |  |  | $ | 582   | 
|                       |  |  |  | Chicago Medallion Four LLC ## & (interest rate includes deferred interest of 0.75%)   |  | Term Loan                                             |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.75 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 764   |  |  | $ | 764   |  |  | $ | 582   | 
|                       |  |  |  | Chicago Medallion Three LLC ## & (interest rate includes deferred interest of 0.75%)  |  | Term Loan                                             |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.75 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 765   |  |  | $ | 765   |  |  | $ | 582   | 
|                       |  |  |  | Chicago Medallion Two LLC ## & (interest rate includes deferred interest of 0.75%)    |  | Term Loan                                             |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.75 | %                                   |  | $ | 11                   |  |  |           |  |  |           | $ | 765   |  |  | $ | 765   |  |  | $ | 582   | 
|                       |  |  |  | Asmara Cab Company ##                                                                 |  | Term Loan                                             |  |                 | 12/01/11 |  |              |  | 12/29/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 95    |  |  | $ | 95    |  |  | $ | 95    | 
|                       |  |  |  | Showcase Sports Management Cor ##                                                     |  | Term Loan                                             |  |                 | 01/22/10 |  |              |  | 03/11/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 193   |  |  | $ | 193   |  |  | $ | 193   | 
|                       |  |  |  | Patriot Trans Inc &                                                                   |  | Term Loan                                             |  |                 | 05/09/16 |  |              |  | 05/09/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 0.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 20    |  |  | $ | 20    |  |  | $ | 2     | 
|                       |  |  |  | Ray Cab Company &                                                                     |  | Term Loan                                             |  |                 | 07/22/15 |  |              |  | 07/22/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 756   |  |  | $ | 751   |  |  | $ | 350   | 
|                       |  |  |  | Patriot Trans Et Al & (interest rate includes deferred interest of 5.25%)             |  | Term Loan                                             |  |                 | 03/17/15 |  |              |  | 03/31/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 8.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 799   |  |  | $ | 765   |  |  | $ | 2     | 
|                       |  |  |  | Santorini Two Cab Corp & (interest rate includes deferred interest of 1.50%)          |  | Term Loan                                             |  |                 | 08/01/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 4                    |  |  |           |  |  |           | $ | 68    |  |  | $ | 37    |  |  | $ | 12    | 
|                       |  |  |  | Oia Cab Corp & (interest rate includes deferred interest of 1.50%)                    |  | Term Loan                                             |  |                 | 08/01/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 5                    |  |  |           |  |  |           | $ | 85    |  |  | $ | 46    |  |  | $ | 15    | 
|                       |  |  |  | Stny Taxi Corp & (interest rate includes deferred interest of 1.50%)                  |  | Term Loan                                             |  |                 | 08/01/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 4                    |  |  |           |  |  |           | $ | 68    |  |  | $ | 35    |  |  | $ | 12    | 
|                       |  |  |  | Tribeca Three Cab Corp & (interest rate includes deferred interest of 1.50%)          |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 4                    |  |  |           |  |  |           | $ | 67    |  |  | $ | 41    |  |  | $ | 13    | 
|                       |  |  |  | St Petersburg Taxi LLC & (interest rate includes deferred interest of 1.50%)          |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 2                    |  |  |           |  |  |           | $ | 33    |  |  | $ | 21    |  |  | $ | 7     | 
|                       |  |  |  | Hudson Cab Corp & (interest rate includes deferred interest of 1.50%)                 |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 5                    |  |  |           |  |  |           | $ | 83    |  |  | $ | 51    |  |  | $ | 15    | 
|                       |  |  |  | Greenwich Cab Corp & (interest rate includes deferred interest of 1.50%)              |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 3                    |  |  |           |  |  |           | $ | 52    |  |  | $ | 30    |  |  | $ | 9     | 
|                       |  |  |  | Any Cab Two Corp & (interest rate includes deferred interest of 1.50%)                |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 2                    |  |  |           |  |  |           | $ | 33    |  |  | $ | 21    |  |  | $ | 7     | 
|                       |  |  |  | Rahel Express Inc ## &                                                                |  | Term Loan                                             |  |                 | 12/27/13 |  |              |  | 12/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 187   |  |  | $ | 187   |  |  | $ | 188   | 
|                       |  |  |  | C Dortch Inc ## & (interest rate includes deferred interest of 1.50%)                 |  | Term Loan                                             |  |                 | 12/04/13 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 1                    |  |  |           |  |  |           | $ | 182   |  |  | $ | 176   |  |  | $ | 59    | 
|                       |  |  |  | Alkarim Chicago Inc ## &                                                              |  | Term Loan                                             |  |                 | 11/27/13 |  |              |  | 11/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 204   |  |  | $ | 196   |  |  | $ | 59    | 
|                       |  |  |  | Tad Taxi Co ## &                                                                      |  | Term Loan                                             |  |                 | 11/13/13 |  |              |  | 11/13/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 228   |  |  | $ | 221   |  |  | $ | 59    | 
|                       |  |  |  | Interwoodex Inc ## &                                                                  |  | Term Loan                                             |  |                 | 11/07/13 |  |              |  | 11/07/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 225   |  |  | $ | 223   |  |  | $ | 59    | 
|                       |  |  |  | Coffee Taxi LLC ## & (interest rate includes deferred interest of 1.50%)              |  | Term Loan                                             |  |                 | 10/10/13 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 2                    |  |  |           |  |  |           | $ | 441   |  |  | $ | 422   |  |  | $ | 116   | 
|                       |  |  |  | Grapevine Taxi LLC ## & (interest rate includes deferred interest of 1.50%)           |  | Term Loan                                             |  |                 | 10/10/13 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.50 | %                                   |  | $ | 1                    |  |  |           |  |  |           | $ | 161   |  |  | $ | 155   |  |  | $ | 59    | 
|                       |  |  |  | Helen Habte Corp ## &                                                                 |  | Term Loan                                             |  |                 | 10/01/13 |  |              |  | 02/03/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 229   |  |  | $ | 220   |  |  | $ | 59    | 
|                       |  |  |  | Adom Enterprise, Inc ## &                                                             |  | Term Loan                                             |  |                 | 09/27/13 |  |              |  | 09/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 227   |  |  | $ | 224   |  |  | $ | 59    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                                                                  |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                               |  |      |                                     |  |   |                      |  |  |           |  |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | -------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ----------------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | --------- |  |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in
thousands) |  |  |  | Obligor Name                                                                     |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | Capitalized/ DeferredInterest |  |      | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost 
(4) |  |  | FairValue |  
|                       |  |  |  | Aniba Management & Services In ##                                                |  | Term Loan                                             |  |                 | 09/27/13 |  |              |  | 09/27/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 206 |  |  | $ | 206 |  |  | $ | 206 | 
|                       |  |  |  | Musanour Cab Inc ##                                                              |  | Term Loan                                             |  |                 | 09/27/13 |  |              |  | 09/27/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 415 |  |  | $ | 415 |  |  | $ | 415 | 
|                       |  |  |  | Wubshet Inc ## &                                                                 |  | Term Loan                                             |  |                 | 09/25/13 |  |              |  | 09/25/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 141 |  |  | $ | 141 |  |  | $ | 60  | 
|                       |  |  |  | Nour Enterprise Inc ## &                                                         |  | Term Loan                                             |  |                 | 09/16/13 |  |              |  | 09/16/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.75 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 211 |  |  | $ | 211 |  |  | $ | 60  | 
|                       |  |  |  | Life Cab Corp ## &                                                               |  | Term Loan                                             |  |                 | 09/18/13 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 182 |  |  | $ | 179 |  |  | $ | 59  | 
|                       |  |  |  | Jiffy Cab Co ## &                                                                |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 192 |  |  | $ | 185 |  |  | $ | 116 | 
|                       |  |  |  | Dome Cab Corp ## &                                                               |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 288 |  |  | $ | 288 |  |  | $ | 175 | 
|                       |  |  |  | Met Cab Co ## &                                                                  |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 576 |  |  | $ | 576 |  |  | $ | 349 | 
|                       |  |  |  | Dell Cab Corp ## &                                                               |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 480 |  |  | $ | 480 |  |  | $ | 291 | 
|                       |  |  |  | Cozy Cab Co ## &                                                                 |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 480 |  |  | $ | 475 |  |  | $ | 291 | 
|                       |  |  |  | Moo Moo Cab Co ## {Annually-Prime plus 2.00%}                                    |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/04/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 427 |  |  | $ | 427 |  |  | $ | 427 | 
|                       |  |  |  | Ali Taxi Corp ##                                                                 |  | Term Loan                                             |  |                 | 08/13/13 |  |              |  | 08/13/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 23  |  |  | $ | 23  |  |  | $ | 24  | 
|                       |  |  |  | Nike Yomi Inc ## &                                                               |  | Term Loan                                             |  |                 | 08/06/13 |  |              |  | 08/06/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 224 |  |  | $ | 214 |  |  | $ | 59  | 
|                       |  |  |  | Yemi Taxi Corp ##                                                                |  | Term Loan                                             |  |                 | 08/01/13 |  |              |  | 08/01/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 69  |  |  | $ | 69  |  |  | $ | 69  | 
|                       |  |  |  | Tahoora Transportation Inc. ## &                                                 |  | Term Loan                                             |  |                 | 07/26/13 |  |              |  | 07/26/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 227 |  |  | $ | 223 |  |  | $ | 59  | 
|                       |  |  |  | Shere Corp ## &                                                                  |  | Term Loan                                             |  |                 | 07/26/13 |  |              |  | 07/26/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 227 |  |  | $ | 223 |  |  | $ | 59  | 
|                       |  |  |  | Kalib 2010 Inc ## &                                                              |  | Term Loan                                             |  |                 | 07/16/13 |  |              |  | 07/16/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 164 |  |  | $ | 164 |  |  | $ | 58  | 
|                       |  |  |  | Yenemekoya Inc ## &                                                              |  | Term Loan                                             |  |                 | 06/28/13 |  |              |  | 06/28/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 203 |  |  | $ | 202 |  |  | $ | 60  | 
|                       |  |  |  | Nakfa Corp ## &                                                                  |  | Term Loan                                             |  |                 | 06/17/13 |  |              |  | 06/17/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.88 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 225 |  |  | $ | 224 |  |  | $ | 59  | 
|                       |  |  |  | Pireas Taxi Corp ## &                                                            |  | Term Loan                                             |  |                 | 06/07/13 |  |              |  | 06/07/16 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 188 |  |  | $ | 185 |  |  | $ | 58  | 
|                       |  |  |  | Santorini Five Cab Corp ## & (interest rate includes deferred interest of 1.50%) |  | Term Loan                                             |  |                 | 05/09/13 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 3.50 | %                                   |  | $ | 4                    |  |  |           |  |  |           | $ | 705 |  |  | $ | 682 |  |  | $ | 233 | 
|                       |  |  |  | Santorini Six Cab Corp ## & (interest rate includes deferred interest of 1.50%)  |  | Term Loan                                             |  |                 | 05/09/13 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 3.50 | %                                   |  | $ | 4                    |  |  |           |  |  |           | $ | 705 |  |  | $ | 682 |  |  | $ | 233 | 
|                       |  |  |  | Santorini Four Cab Corp ## & (interest rate includes deferred interest of 1.50%) |  | Term Loan                                             |  |                 | 05/09/13 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 3.50 | %                                   |  | $ | 4                    |  |  |           |  |  |           | $ | 705 |  |  | $ | 682 |  |  | $ | 233 | 
|                       |  |  |  | Tribeca Two Cab Corp ## & (interest rate includes deferred interest of 1.50%)    |  | Term Loan                                             |  |                 | 05/09/13 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 3.50 | %                                   |  | $ | 4                    |  |  |           |  |  |           | $ | 705 |  |  | $ | 682 |  |  | $ | 233 | 
|                       |  |  |  | Zeyrefda Inc ## &                                                                |  | Term Loan                                             |  |                 | 05/17/13 |  |              |  | 05/17/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 226 |  |  | $ | 222 |  |  | $ | 59  | 
|                       |  |  |  | N And M Valdof Hacking Corp ## &                                                 |  | Term Loan                                             |  |                 | 05/01/13 |  |              |  | 05/01/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 515 |  |  | $ | 515 |  |  | $ | 291 | 
|                       |  |  |  | Natasha Transportation Inc ## &                                                  |  | Term Loan                                             |  |                 | 05/01/13 |  |              |  | 05/01/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 466 |  |  | $ | 466 |  |  | $ | 291 | 
|                       |  |  |  | Natalia Taxi Corp ## &                                                           |  | Term Loan                                             |  |                 | 05/01/13 |  |              |  | 05/01/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 465 |  |  | $ | 465 |  |  | $ | 291 | 
|                       |  |  |  | Mike Taxi Corp ## &                                                              |  | Term Loan                                             |  |                 | 05/01/13 |  |              |  | 05/01/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 466 |  |  | $ | 466 |  |  | $ | 291 | 
|                       |  |  |  | Asmara Inc ## &                                                                  |  | Term Loan                                             |  |                 | 04/11/13 |  |              |  | 04/11/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 217 |  |  | $ | 217 |  |  | $ | 58  | 
|                       |  |  |  | Measho Cab Corp                                                                  |  | Term Loan                                             |  |                 | 08/08/16 |  |              |  | 08/08/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 75  |  |  | $ | 75  |  |  | $ | 77  | 
|                       |  |  |  | Taxi For Less Inc &                                                              |  | Term Loan                                             |  |                 | 05/09/16 |  |              |  | 05/09/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 0.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 10  |  |  | $ | 10  |  |  | $ | 2   | 
|                       |  |  |  | Top Cab Corp                                                                     |  | Term Loan                                             |  |                 | 05/14/15 |  |              |  | 05/14/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 20  |  |  | $ | 20  |  |  | $ | 21  | 
|                       |  |  |  | Myrtos Cab Corp &                                                                |  | Term Loan                                             |  |                 | 03/25/15 |  |              |  | 03/25/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 354 |  |  | $ | 340 |  |  | $ | 118 | 
|                       |  |  |  | Glti Cab Corp &                                                                  |  | Term Loan                                             |  |                 | 03/10/15 |  |              |  | 03/10/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 210 |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  |  |  | Top Cab Corp &                                                                   |  | Term Loan                                             |  |                 | 02/24/15 |  |              |  | 02/24/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 19  |  |  | $ | 18  |  |  | $ | 19  | 
|                       |  |  |  | Ade Taxi Corp                                                                    |  | Term Loan                                             |  |                 | 12/08/14 |  |              |  | 12/08/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 18  |  |  | $ | 18  |  |  | $ | 19  | 
|                       |  |  |  | Taxi For Less Inc &                                                              |  | Term Loan                                             |  |                 | 09/19/14 |  |              |  | 03/31/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 2.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 389 |  |  | $ | 373 |  |  | $ | 117 | 
|                       |  |  |  | Carol Of Illinois Enterprises                                                    |  | Term Loan                                             |  |                 | 09/19/14 |  |              |  | 09/19/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 651 |  |  | $ | 651 |  |  | $ | 651 | 
|                       |  |  |  | Bashiru Habib/B Note &                                                           |  | Term Loan                                             |  |                 | 07/09/14 |  |              |  | 07/09/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 15  |  |  | $ | 14  |  |  | $ | 1   | 
|                       |  |  |  | Bashiru Habib &                                                                  |  | Term Loan                                             |  |                 | 07/09/14 |  |              |  | 07/09/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 98  |  |  | $ | 98  |  |  | $ | 59  | 
|                       |  |  |  | Paik Cab Co                                                                      |  | Term Loan                                             |  |                 | 05/30/14 |  |              |  | 05/30/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 100 |  |  | $ | 100 |  |  | $ | 101 | 
|                       |  |  |  | Tyrone Henderson &                                                               |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 07/27/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 79  |  |  | $ | 79  |  |  | $ | 80  | 
|                       |  |  |  | Addis Flower Taxi Cab Service                                                    |  | Term Loan                                             |  |                 | 02/27/14 |  |              |  | 02/27/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 102 |  |  | $ | 102 |  |  | $ | 103 | 
|                       |  |  |  | Antar Trans Inc &                                                                |  | Term Loan                                             |  |                 | 01/17/14 |  |              |  | 01/17/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 122 |  |  | $ | 122 |  |  | $ | 59  | 
|                       |  |  |  | Tekezze Inc &                                                                    |  | Term Loan                                             |  |                 | 12/11/13 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 228 |  |  | $ | 221 |  |  | $ | 59  | 
|                       |  |  |  | Les & Thera LLC &                                                                |  | Term Loan                                             |  |                 | 05/08/13 |  |              |  | 05/08/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 226 |  |  | $ | 226 |  |  | $ | 226 | 
|                       |  |  |  | Moses J Frank &                                                                  |  | Term Loan                                             |  |                 | 04/26/13 |  |              |  | 04/26/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 7.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 100 |  |  | $ | 94  |  |  | $ | 59  | 
|                       |  |  |  | Sabina Cab Inc &                                                                 |  | Term Loan                                             |  |                 | 04/19/13 |  |              |  | 04/19/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 128 |  |  | $ | 126 |  |  | $ | 59  | 
|                       |  |  |  | Alex Z Cab Corp &                                                                |  | Term Loan                                             |  |                 | 04/22/13 |  |              |  | 04/22/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 226 |  |  | $ | 217 |  |  | $ | 59  | 
|                       |  |  |  | Francis King Boat Inc                                                            |  | Term Loan                                             |  |                 | 04/17/13 |  |              |  | 04/17/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 8   |  |  | $ | 8   |  |  | $ | 8   | 
|                       |  |  |  | Three Kids Corp &                                                                |  | Term Loan                                             |  |                 | 04/15/13 |  |              |  | 04/15/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 223 |  |  | $ | 209 |  |  | $ | 59  | 
|                       |  |  |  | Little Wing Cab Corp {Annually-Prime plus 2.00%}                                 |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 279 |  |  | $ | 279 |  |  | $ | 279 | 
|                       |  |  |  | American Buffalo Cab Corp {Annually-Prime plus 2.00%}                            |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 278 |  |  | $ | 278 |  |  | $ | 278 | 
|                       |  |  |  | Blue Valentine Cab Corp {Annually-Prime plus 2.00%}                              |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 417 |  |  | $ | 417 |  |  | $ | 417 | 
|                       |  |  |  | Tumblin Dice Taxi Inc {Annually-Prime plus 2.00%}                                |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 416 |  |  | $ | 416 |  |  | $ | 416 | 
|                       |  |  |  | Tigray Cab Inc                                                                   |  | Term Loan                                             |  |                 | 03/28/13 |  |              |  | 03/28/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 76  |  |  | $ | 76  |  |  | $ | 76  | 
|                       |  |  |  | Delina Cab Inc &                                                                 |  | Term Loan                                             |  |                 | 01/22/13 |  |              |  | 01/22/18 |               |  |  | 1             |  |  |                  | * |  |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 101 |  |  | $ | 101 |  |  | $ | 59  | 
|                       |  |  |  | Jpg Cab Corp &                                                                   |  | Term Loan                                             |  |                 | 04/23/12 |  |              |  | 04/23/17 |               |  |  | 1             |  |  |                  | * |  |                               |  | 6.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 128 |  |  | $ | 128 |  |  | $ | 59  | 
|                       |  |  |  | Imc Cab Corp {Annually-Prime plus .75%}                                          |  | Term Loan                                             |  |                 | 08/27/10 |  |              |  | 03/11/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 89  |  |  | $ | 89  |  |  | $ | 89  | 
|                       |  |  |  | Bedford Cab Two Corp {Annually-Prime plus .75%}                                  |  | Term Loan                                             |  |                 | 07/30/10 |  |              |  | 03/11/19 |               |  |  | 1             |  |  |                  | * |  |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |           |  |  |           | $ | 102 |  |  | $ | 102 |  |  | $ | 102 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                                                        |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                               |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |        |  |  |   |        |  |  |   |        | 
|---------------------- |  |  |  | ---------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - | - | ----------------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in
thousands) |  |  |  | Obligor Name                                                           |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |   | Capitalized/ DeferredInterest |  |      | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|Newark                 |  |  |  |                                                                        |  |                                                       |  |                 |          |  |              |  |          |               |  |  | 110           |  |  |                  | 8 | % |                               |  | 5.31 | %                                   |  | $ | 1                    |  |  | $        | 352 |  |           | $ | 22,834 |  |  | $ | 22,792 |  |  | $ | 22,386 | 
|                       |  |  |  | Viergella Inc ##                                                       |  | Term Loan                                             |  |                 | 02/20/14 |  |              |  | 02/20/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,295  |  |  | $ | 1,295  |  |  | $ | 1,295  | 
|                       |  |  |  | Rachel LLC                                                             |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 677    |  |  | $ | 677    |  |  | $ | 677    | 
|                       |  |  |  | Cherubin Vincent                                                       |  | Term Loan                                             |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 610    |  |  | $ | 610    |  |  | $ | 610    | 
|                       |  |  |  | K And N Taxi LLC                                                       |  | Term Loan                                             |  |                 | 09/26/13 |  |              |  | 09/26/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 597    |  |  | $ | 597    |  |  | $ | 597    | 
|                       |  |  |  | A.M.E. Transit Limited Liabili ## &                                    |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 550    |  |  | $ | 550    |  |  | $ | 392    | 
|                       |  |  |  | Briana Taxi LLC                                                        |  | Term Loan                                             |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 336    |  |  | $ | 336    |  |  | $ | 336    | 
|                       |  |  |  | Saintvillien & Larochelle LLC                                          |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 310    |  |  | $ | 310    |  |  | $ | 311    | 
|                       |  |  |  | Two Daughters Taxi LLC ##                                              |  | Term Loan                                             |  |                 | 06/12/14 |  |              |  | 06/12/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 293    |  |  | $ | 293    |  |  | $ | 294    | 
|                       |  |  |  | Mr. Milcent & Sons, LLC ##                                             |  | Term Loan                                             |  |                 | 04/24/14 |  |              |  | 04/24/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 292    |  |  | $ | 292    |  |  | $ | 291    | 
|                       |  |  |  | P.C. Taxi Corp &                                                       |  | Term Loan                                             |  |                 | 06/13/13 |  |              |  | 06/13/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 285    |  |  | $ | 285    |  |  | $ | 285    | 
|                       |  |  |  | Owned By Mr Vincent LLC                                                |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 276    |  |  | $ | 276    |  |  | $ | 275    | 
|                       |  |  |  | 1 Hope LLC                                                             |  | Term Loan                                             |  |                 | 09/26/13 |  |              |  | 09/26/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 275    |  |  | $ | 275    |  |  | $ | 275    | 
|                       |  |  |  | Romise Taxi LLC                                                        |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 273    |  |  | $ | 273    |  |  | $ | 273    | 
|                       |  |  |  | Lagrande Taxi Corp ##                                                  |  | Term Loan                                             |  |                 | 02/14/13 |  |              |  | 02/14/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 274    |  |  | $ | 274    |  |  | $ | 273    | 
|                       |  |  |  | Clair 282 LLC ##                                                       |  | Term Loan                                             |  |                 | 09/12/13 |  |              |  | 09/12/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 273    |  |  | $ | 273    |  |  | $ | 273    | 
|                       |  |  |  | B Gene And Fil LLC                                                     |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 272    |  |  | $ | 272    |  |  | $ | 271    | 
|                       |  |  |  | Angel Taxi LLC &                                                       |  | Term Loan                                             |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 268    |  |  | $ | 268    |  |  | $ | 268    | 
|                       |  |  |  | Dern #2 Taxi Inc ##                                                    |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 267    |  |  | $ | 267    |  |  | $ | 267    | 
|                       |  |  |  | Cmgv #2 Taxi Inc ##                                                    |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 267    |  |  | $ | 267    |  |  | $ | 267    | 
|                       |  |  |  | Carvin Taxi Inc ##                                                     |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 267    |  |  | $ | 267    |  |  | $ | 267    | 
|                       |  |  |  | Center Taxi LLC ##                                                     |  | Term Loan                                             |  |                 | 08/15/13 |  |              |  | 08/15/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 262    |  |  | $ | 262    |  |  | $ | 262    | 
|                       |  |  |  | Jovin Taxi Inc ##                                                      |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 256    |  |  | $ | 256    |  |  | $ | 255    | 
|                       |  |  |  | Hg & Zg Corporation                                                    |  | Term Loan                                             |  |                 | 10/25/12 |  |              |  | 10/25/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 252    |  |  | $ | 252    |  |  | $ | 252    | 
|                       |  |  |  | Magdala Corp ##                                                        |  | Term Loan                                             |  |                 | 08/16/13 |  |              |  | 08/16/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 247    |  |  | $ | 247    |  |  | $ | 247    | 
|                       |  |  |  | Simone Francois ##                                                     |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 242    |  |  | $ | 242    |  |  | $ | 242    | 
|                       |  |  |  | Maitre Joa LLC                                                         |  | Term Loan                                             |  |                 | 09/12/13 |  |              |  | 09/12/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 242    |  |  | $ | 242    |  |  | $ | 242    | 
|                       |  |  |  | Philippe Taxi LLC &                                                    |  | Term Loan                                             |  |                 | 10/23/14 |  |              |  | 10/23/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 235    |  |  | $ | 235    |  |  | $ | 235    | 
|                       |  |  |  | Mike 22, Limited Liability Com                                         |  | Term Loan                                             |  |                 | 06/11/15 |  |              |  | 06/11/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 235    |  |  | $ | 235    |  |  | $ | 235    | 
|                       |  |  |  | Hg & Zg Corporation                                                    |  | Term Loan                                             |  |                 | 10/25/12 |  |              |  | 10/25/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 235    |  |  | $ | 235    |  |  | $ | 235    | 
|                       |  |  |  | Holy Family Trans Inc                                                  |  | Term Loan                                             |  |                 | 04/16/15 |  |              |  | 04/16/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 233    |  |  | $ | 233    |  |  | $ | 233    | 
|                       |  |  |  | Peter Doe                                                              |  | Term Loan                                             |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 228    |  |  | $ | 228    |  |  | $ | 229    | 
|                       |  |  |  | D,D Trans Inc                                                          |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 228    |  |  | $ | 228    |  |  | $ | 228    | 
|                       |  |  |  | Nahla Taxi Inc ##                                                      |  | Term Loan                                             |  |                 | 04/24/14 |  |              |  | 04/24/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 227    |  |  | $ | 227    |  |  | $ | 227    | 
|                       |  |  |  | Timax 426 Inc &                                                        |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 224    |  |  | $ | 224    |  |  | $ | 224    | 
|                       |  |  |  | St Abraam Corp                                                         |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/22/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 224    |  |  | $ | 224    |  |  | $ | 224    | 
|                       |  |  |  | Three Sons 2 Taxi Inc ##                                               |  | Term Loan                                             |  |                 | 05/09/13 |  |              |  | 11/09/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 224    |  |  | $ | 224    |  |  | $ | 223    | 
|                       |  |  |  | Rowfida Incorporated ##                                                |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 222    |  |  | $ | 222    |  |  | $ | 222    | 
|                       |  |  |  | Les & Thera Transportation LLC &                                       |  | Term Loan                                             |  |                 | 07/12/13 |  |              |  | 07/12/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 222    |  |  | $ | 222    |  |  | $ | 222    | 
|                       |  |  |  | Laboule LLC &                                                          |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 229    |  |  | $ | 215    |  |  | $ | 215    | 
|                       |  |  |  | Luckner Etienne ##                                                     |  | Term Loan                                             |  |                 | 10/25/12 |  |              |  | 10/25/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 214    |  |  | $ | 214    |  |  | $ | 214    | 
|                       |  |  |  | Kesh & Kelo LLC ##                                                     |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 212    |  |  | $ | 212    |  |  | $ | 212    | 
|                       |  |  |  | Dupe Taxi LLC                                                          |  | Term Loan                                             |  |                 | 12/10/15 |  |              |  | 12/10/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 210    |  |  | $ | 210    |  |  | $ | 211    | 
|                       |  |  |  | Sonson Taxi Inc ##                                                     |  | Term Loan                                             |  |                 | 10/25/12 |  |              |  | 10/25/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 210    |  |  | $ | 210    |  |  | $ | 210    | 
|                       |  |  |  | T-Bozo Trans LLC & (interest rate includes deferred interest of 1.50%) |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.25 | %                                   |  | $ | 1                    |  |  |          |     |  |           | $ | 210    |  |  | $ | 210    |  |  | $ | 209    | 
|                       |  |  |  | Anasta.S. Taxi LLC                                                     |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 207    |  |  | $ | 207    |  |  | $ | 206    | 
|                       |  |  |  | Semsema Trans Corporation                                              |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 204    |  |  | $ | 204    |  |  | $ | 204    | 
|                       |  |  |  | E H 88 Taxi Corp ##                                                    |  | Term Loan                                             |  |                 | 06/12/14 |  |              |  | 06/12/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 204    |  |  | $ | 204    |  |  | $ | 204    | 
|                       |  |  |  | Zoune Taxi #2 Inc ##                                                   |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 201    |  |  | $ | 201    |  |  | $ | 200    | 
|                       |  |  |  | Ekny Fils-Aime ##                                                      |  | Term Loan                                             |  |                 | 10/17/11 |  |              |  | 10/17/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 199    |  |  | $ | 199    |  |  | $ | 199    | 
|                       |  |  |  | La Belle Joulie LLC                                                    |  | Term Loan                                             |  |                 | 04/14/16 |  |              |  | 04/14/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 196    |  |  | $ | 196    |  |  | $ | 197    | 
|                       |  |  |  | Bidon Taxi Inc &                                                       |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 278    |  |  | $ | 259    |  |  | $ | 197    | 
|                       |  |  |  | Mpaul 596 LLC &                                                        |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 204    |  |  | $ | 204    |  |  | $ | 196    | 
|                       |  |  |  | Joseph And Jamar Inc                                                   |  | Term Loan                                             |  |                 | 10/24/14 |  |              |  | 10/24/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 196    |  |  | $ | 196    |  |  | $ | 196    | 
|                       |  |  |  | Jacob And Jasmina Inc &                                                |  | Term Loan                                             |  |                 | 10/24/14 |  |              |  | 10/24/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 201    |  |  | $ | 201    |  |  | $ | 196    | 
|                       |  |  |  | Dorvilma LLC ## &                                                      |  | Term Loan                                             |  |                 | 02/14/13 |  |              |  | 02/14/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 273    |  |  | $ | 265    |  |  | $ | 196    | 
|                       |  |  |  | Airport Travel LLC &                                                   |  | Term Loan                                             |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 310    |  |  | $ | 309    |  |  | $ | 196    | 
|                       |  |  |  | Joseph And Alea LLC ##                                                 |  | Term Loan                                             |  |                 | 02/23/15 |  |              |  | 02/23/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 194    |  |  | $ | 194    |  |  | $ | 194    | 
|                       |  |  |  | Dmd Taxi LLC                                                           |  | Term Loan                                             |  |                 | 09/26/13 |  |              |  | 09/26/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 193    |  |  | $ | 193    |  |  | $ | 193    | 
|                       |  |  |  | Boss Carmel Taxi Inc ## &                                              |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 192    |  |  | $ | 192    |  |  | $ | 192    | 
|                       |  |  |  | O.P. Taxi LLC                                                          |  | Term Loan                                             |  |                 | 10/23/14 |  |              |  | 10/23/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 190    |  |  | $ | 190    |  |  | $ | 190    | 
|                       |  |  |  | Jacob Joseph                                                           |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 190    |  |  | $ | 190    |  |  | $ | 190    | 
|                       |  |  |  | Chell 11 Corp                                                          |  | Term Loan                                             |  |                 | 07/10/14 |  |              |  | 07/10/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 186    |  |  | $ | 186    |  |  | $ | 187    | 
|                       |  |  |  | Erick Fleuridor                                                        |  | Term Loan                                             |  |                 | 07/19/12 |  |              |  | 06/11/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 184    |  |  | $ | 184    |  |  | $ | 184    | 
|                       |  |  |  | Saintilia Charles                                                      |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 181    |  |  | $ | 181    |  |  | $ | 181    | 
|                       |  |  |  | Stany Inc                                                              |  | Term Loan                                             |  |                 | 06/23/15 |  |              |  | 06/11/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 7.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 180    |  |  | $ | 180    |  |  | $ | 180    | 
|                       |  |  |  | Clermise LLC                                                           |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 179    |  |  | $ | 179    |  |  | $ | 179    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                       |  |  |  |                                 |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                               |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |        |  |  |   |        |  |  |   |        | 
|---------------------- |  |  |  | ------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - | - | ----------------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in
thousands) |  |  |  | Obligor Name                    |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |   | Capitalized/ DeferredInterest |  |      | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | M.K. Taxi Inc                   |  | Term Loan                                             |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 178    |  |  | $ | 178    |  |  | $ | 178    | 
|                       |  |  |  | Chavensky Cab Inc               |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 178    |  |  | $ | 178    |  |  | $ | 178    | 
|                       |  |  |  | Daniele Taxi LLC ##             |  | Term Loan                                             |  |                 | 05/15/14 |  |              |  | 05/15/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 170    |  |  | $ | 170    |  |  | $ | 171    | 
|                       |  |  |  | Herve Dameus ##                 |  | Term Loan                                             |  |                 | 12/11/14 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 166    |  |  | $ | 166    |  |  | $ | 166    | 
|                       |  |  |  | S Gladys Taxi LLC ##            |  | Term Loan                                             |  |                 | 06/12/14 |  |              |  | 06/12/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 165    |  |  | $ | 165    |  |  | $ | 165    | 
|                       |  |  |  | Nadia Philemon LLC              |  | Term Loan                                             |  |                 | 04/13/17 |  |              |  | 04/13/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.25 | %                                   |  | $ | 0                    |  |  | $        | 163 |  |           | $ | 162    |  |  | $ | 162    |  |  | $ | 164    | 
|                       |  |  |  | Mfc Taxi Corp ##                |  | Term Loan                                             |  |                 | 09/20/11 |  |              |  | 09/19/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 163    |  |  | $ | 163    |  |  | $ | 162    | 
|                       |  |  |  | Thomas Lahens                   |  | Term Loan                                             |  |                 | 07/11/13 |  |              |  | 07/11/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 157    |  |  | $ | 157    |  |  | $ | 157    | 
|                       |  |  |  | Erick Fleuridor                 |  | Term Loan                                             |  |                 | 10/25/12 |  |              |  | 10/25/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 154    |  |  | $ | 154    |  |  | $ | 154    | 
|                       |  |  |  | Serge Previlon LLC              |  | Term Loan                                             |  |                 | 08/15/13 |  |              |  | 08/15/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 151    |  |  | $ | 151    |  |  | $ | 152    | 
|                       |  |  |  | Micheline Luxeus ##             |  | Term Loan                                             |  |                 | 12/13/12 |  |              |  | 12/13/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 151    |  |  | $ | 151    |  |  | $ | 151    | 
|                       |  |  |  | Cassandra & Joseph Sejour Inc   |  | Term Loan                                             |  |                 | 04/09/10 |  |              |  | 03/13/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 148    |  |  | $ | 148    |  |  | $ | 148    | 
|                       |  |  |  | Just 8 Taxi #2 Inc ##           |  | Term Loan                                             |  |                 | 10/16/15 |  |              |  | 10/15/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 7.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 141    |  |  | $ | 141    |  |  | $ | 141    | 
|                       |  |  |  | Monise Lubintus                 |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 136    |  |  | $ | 136    |  |  | $ | 136    | 
|                       |  |  |  | A.N.T.K. LLC                    |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 136    |  |  | $ | 136    |  |  | $ | 136    | 
|                       |  |  |  | 534 Taxi LLC                    |  | Term Loan                                             |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 135    |  |  | $ | 135    |  |  | $ | 135    | 
|                       |  |  |  | Saintvillien & Larochelle LLC   |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.63 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 124    |  |  | $ | 124    |  |  | $ | 125    | 
|                       |  |  |  | Antoines Dortin ##              |  | Term Loan                                             |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 121    |  |  | $ | 121    |  |  | $ | 121    | 
|                       |  |  |  | Charata Taxi Inc                |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 120    |  |  | $ | 120    |  |  | $ | 120    | 
|                       |  |  |  | 424 Taxi LLC                    |  | Term Loan                                             |  |                 | 01/20/12 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 116    |  |  | $ | 116    |  |  | $ | 116    | 
|                       |  |  |  | Ahmad Taxi Inc                  |  | Term Loan                                             |  |                 | 06/09/11 |  |              |  | 06/09/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 116    |  |  | $ | 116    |  |  | $ | 115    | 
|                       |  |  |  | Pierre Family 084 LLC           |  | Term Loan                                             |  |                 | 07/12/13 |  |              |  | 07/12/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 114    |  |  | $ | 114    |  |  | $ | 114    | 
|                       |  |  |  | Forward Taxi Corp               |  | Term Loan                                             |  |                 | 05/18/17 |  |              |  | 05/18/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  | $        | 114 |  |           | $ | 113    |  |  | $ | 113    |  |  | $ | 114    | 
|                       |  |  |  | Yves Frantz Philemon            |  | Term Loan                                             |  |                 | 12/11/14 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 100    |  |  | $ | 100    |  |  | $ | 100    | 
|                       |  |  |  | Olga Morales                    |  | Term Loan                                             |  |                 | 02/18/16 |  |              |  | 02/18/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 98     |  |  | $ | 98     |  |  | $ | 99     | 
|                       |  |  |  | Don Taxi Inc/Mbnk               |  | Term Loan                                             |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 94     |  |  | $ | 94     |  |  | $ | 94     | 
|                       |  |  |  | Charles K Agesilas              |  | Term Loan                                             |  |                 | 08/14/14 |  |              |  | 08/14/21 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 92     |  |  | $ | 92     |  |  | $ | 92     | 
|                       |  |  |  | Mr Clean Sdam Taxi LLC          |  | Term Loan                                             |  |                 | 06/11/15 |  |              |  | 06/11/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 86     |  |  | $ | 86     |  |  | $ | 86     | 
|                       |  |  |  | R & Z Trans Service Inc         |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/23 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 82     |  |  | $ | 82     |  |  | $ | 83     | 
|                       |  |  |  | Alhayat Taxi Inc                |  | Term Loan                                             |  |                 | 02/14/13 |  |              |  | 02/07/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 80     |  |  | $ | 80     |  |  | $ | 79     | 
|                       |  |  |  | Hercule Jean-Baptiste           |  | Term Loan                                             |  |                 | 06/13/13 |  |              |  | 06/13/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 78     |  |  | $ | 78     |  |  | $ | 78     | 
|                       |  |  |  | Cosmos 2 Taxi Corporation ##    |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 77     |  |  | $ | 77     |  |  | $ | 78     | 
|                       |  |  |  | V And C Taxi LLC                |  | Term Loan                                             |  |                 | 05/18/17 |  |              |  | 05/18/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  | $        | 75  |  |           | $ | 75     |  |  | $ | 75     |  |  | $ | 76     | 
|                       |  |  |  | Mario P Jean-Louis ##           |  | Term Loan                                             |  |                 | 12/11/14 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 72     |  |  | $ | 72     |  |  | $ | 72     | 
|                       |  |  |  | Pola Trans Inc ##               |  | Term Loan                                             |  |                 | 07/19/12 |  |              |  | 07/19/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 70     |  |  | $ | 70     |  |  | $ | 70     | 
|                       |  |  |  | Praise The Lord Taxi Inc        |  | Term Loan                                             |  |                 | 05/14/15 |  |              |  | 05/14/25 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 68     |  |  | $ | 68     |  |  | $ | 69     | 
|                       |  |  |  | Gethsemane Inc                  |  | Term Loan                                             |  |                 | 02/20/14 |  |              |  | 02/20/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 68     |  |  | $ | 68     |  |  | $ | 69     | 
|                       |  |  |  | 0127 Incorporated ##            |  | Term Loan                                             |  |                 | 07/19/12 |  |              |  | 07/19/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 69     |  |  | $ | 69     |  |  | $ | 69     | 
|                       |  |  |  | Louibert Julien                 |  | Term Loan                                             |  |                 | 06/18/14 |  |              |  | 06/16/21 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 66     |  |  | $ | 66     |  |  | $ | 67     | 
|                       |  |  |  | Ez Come Ez Go Inc               |  | Term Loan                                             |  |                 | 04/16/15 |  |              |  | 04/16/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 65     |  |  | $ | 65     |  |  | $ | 65     | 
|                       |  |  |  | Gerald Jean-Louis ##            |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 63     |  |  | $ | 63     |  |  | $ | 63     | 
|                       |  |  |  | Reyes Okoroagu ##               |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 41     |  |  | $ | 41     |  |  | $ | 41     | 
|                       |  |  |  | Fraline Taxi Inc ##             |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 40     |  |  | $ | 40     |  |  | $ | 41     | 
|                       |  |  |  | Farar LLC ##                    |  | Term Loan                                             |  |                 | 03/13/14 |  |              |  | 03/13/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 13     |  |  | $ | 13     |  |  | $ | 14     | 
|Boston                 |  |  |  |                                 |  |                                                       |  |                 |          |  |              |  |          |               |  |  | 61            |  |  |                  | 7 | % |                               |  | 4.47 | %                                   |  | $ | 0                    |  |  | $        | 316 |  |           | $ | 25,706 |  |  | $ | 25,442 |  |  | $ | 19,290 | 
|                       |  |  |  | Chidi Trans Inc &               |  | Term Loan                                             |  |                 | 11/17/14 |  |              |  | 03/25/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,294  |  |  | $ | 1,293  |  |  | $ | 1,098  | 
|                       |  |  |  | Johnson Holdings Inc &          |  | Term Loan                                             |  |                 | 04/23/14 |  |              |  | 03/25/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,354  |  |  | $ | 1,332  |  |  | $ | 783    | 
|                       |  |  |  | Gabriel Trans Holdings Inc &    |  | Term Loan                                             |  |                 | 04/23/14 |  |              |  | 03/25/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,063  |  |  | $ | 1,062  |  |  | $ | 701    | 
|                       |  |  |  | GiorgioS Cab Inc ##            |  | Term Loan                                             |  |                 | 09/04/15 |  |              |  | 09/04/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 676    |  |  | $ | 676    |  |  | $ | 676    | 
|                       |  |  |  | Britney Cab Inc, Et Al &        |  | Term Loan                                             |  |                 | 05/18/15 |  |              |  | 06/09/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 2.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,066  |  |  | $ | 1,011  |  |  | $ | 551    | 
|                       |  |  |  | Sasun Cab Inc &                 |  | Term Loan                                             |  |                 | 02/20/13 |  |              |  | 02/01/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 859    |  |  | $ | 859    |  |  | $ | 549    | 
|                       |  |  |  | Arinze Trans Inc ## &           |  | Term Loan                                             |  |                 | 04/22/14 |  |              |  | 04/22/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 652    |  |  | $ | 652    |  |  | $ | 549    | 
|                       |  |  |  | Southside Enterprises Inc ## &  |  | Term Loan                                             |  |                 | 12/28/12 |  |              |  | 12/28/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 830    |  |  | $ | 830    |  |  | $ | 548    | 
|                       |  |  |  | Mish Inc ## &                   |  | Term Loan                                             |  |                 | 12/28/12 |  |              |  | 12/28/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 830    |  |  | $ | 830    |  |  | $ | 548    | 
|                       |  |  |  | Arinze Trans Inc &              |  | Term Loan                                             |  |                 | 02/05/10 |  |              |  | 02/07/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 576    |  |  | $ | 575    |  |  | $ | 548    | 
|                       |  |  |  | Chiso Trans Inc &               |  | Term Loan                                             |  |                 | 11/26/13 |  |              |  | 11/07/16 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 812    |  |  | $ | 811    |  |  | $ | 509    | 
|                       |  |  |  | Ngozi Trans Inc. &              |  | Term Loan                                             |  |                 | 12/31/12 |  |              |  | 12/07/15 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 621    |  |  | $ | 621    |  |  | $ | 467    | 
|                       |  |  |  | Memory Cab Company Inc ## &     |  | Term Loan                                             |  |                 | 01/14/11 |  |              |  | 01/14/17 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 467    |  |  | $ | 467    |  |  | $ | 467    | 
|                       |  |  |  | Syed Cab Inc                    |  | Term Loan                                             |  |                 | 02/27/15 |  |              |  | 04/27/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 425    |  |  | $ | 425    |  |  | $ | 426    | 
|                       |  |  |  | Ruth Cab Inc &                  |  | Term Loan                                             |  |                 | 11/26/13 |  |              |  | 11/26/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 426    |  |  | $ | 426    |  |  | $ | 426    | 
|                       |  |  |  | Jv Taxi Inc &                   |  | Term Loan                                             |  |                 | 10/24/14 |  |              |  | 01/24/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 414    |  |  | $ | 414    |  |  | $ | 414    | 
|                       |  |  |  | Eldali Transportation Inc &     |  | Term Loan                                             |  |                 | 11/09/12 |  |              |  | 11/26/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 407    |  |  | $ | 407    |  |  | $ | 407    | 
|                       |  |  |  | Bailey Cab Inc                  |  | Term Loan                                             |  |                 | 11/09/12 |  |              |  | 11/17/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 407    |  |  | $ | 407    |  |  | $ | 407    | 
|                       |  |  |  | Beaudrin & Alexandra Taxi Inc & |  | Term Loan                                             |  |                 | 09/20/16 |  |              |  | 09/20/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 366    |  |  | $ | 366    |  |  | $ | 368    | 
|                       |  |  |  | Benito & Roseline Cab Inc ## &  |  | Term Loan                                             |  |                 | 09/09/15 |  |              |  | 09/15/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 362    |  |  | $ | 362    |  |  | $ | 363    | 
|                       |  |  |  | H And H Taxi Inc ##             |  | Term Loan                                             |  |                 | 10/11/13 |  |              |  | 09/11/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 342    |  |  | $ | 342    |  |  | $ | 342    | 
|                       |  |  |  | Promesse Cab Inc &              |  | Term Loan                                             |  |                 | 09/28/16 |  |              |  | 09/28/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 337    |  |  | $ | 337    |  |  | $ | 339    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                                                                                    |  |  |  |                                |  |                                                       |  |                 |          |  |              |  |          |               |    |   |               |  |      |                  |   |   |                               |  |      |                                     |       |   |                      |   |         |          |     |   |           |   |       |   |         |   |       |  |  |   |       | 
|----------------------------------------------------------------------------------- |  |  |  | ------------------------------ |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- | -- | - | ------------- |  | ---- | ---------------- | - | - | ----------------------------- |  | ---- | ----------------------------------- | ----- | - | -------------------- | - | ------- | -------- | --- | - | --------- | - | ----- | - | ------- | - | ----- |  |  | - | ----- | 
|(Dollars in
thousands)                                                              |  |  |  | Obligor Name                   |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |    |   | % ofNetAssets |  |      | InterestRate (1) |   |   | Capitalized/ DeferredInterest |  |      | OriginalCost of2017Acquisitions (5) |       |   | PrincipalOutstanding |   |         | Cost (4) |     |   | FairValue |  
|                                                                                    |  |  |  | Urzal Taxi Inc &               |  | Term Loan                                             |  |                 | 07/29/13 |  |              |  | 07/29/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 296   |   |         | $ | 296   |  |  | $ | 296   | 
|                                                                                    |  |  |  | Louis-Jacques Family Taxi Inc  |  | Term Loan                                             |  |                 | 06/02/17 |  |              |  | 06/02/19 |               |    |   | 1             |  |      |                  | * |   |                               |  | 3.75 | %                                   |       | $ | 0                    |   |         | $        | 292 |   |           | $ | 292   |   |         | $ | 292   |  |  | $ | 294   | 
|                                                                                    |  |  |  | Shemarjamalie Cab Inc          |  | Term Loan                                             |  |                 | 02/17/12 |  |              |  | 02/17/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 6.15 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 283   |   |         | $ | 283   |  |  | $ | 283   | 
|                                                                                    |  |  |  | Baton Moise Cab Inc &          |  | Term Loan                                             |  |                 | 04/14/14 |  |              |  | 04/14/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.90 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 529   |   |         | $ | 492   |  |  | $ | 277   | 
|                                                                                    |  |  |  | TomorrowS Tree Inc &          |  | Term Loan                                             |  |                 | 10/08/13 |  |              |  | 10/08/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 436   |   |         | $ | 431   |  |  | $ | 276   | 
|                                                                                    |  |  |  | Ser-Vil Cab Inc &              |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 03/22/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.63 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 524   |   |         | $ | 486   |  |  | $ | 276   | 
|                                                                                    |  |  |  | Ngozi Trans Inc. &             |  | Term Loan                                             |  |                 | 05/06/15 |  |              |  | 04/20/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 337   |   |         | $ | 337   |  |  | $ | 276   | 
|                                                                                    |  |  |  | Farb Inc ## &                  |  | Term Loan                                             |  |                 | 07/26/16 |  |              |  | 07/26/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 406   |   |         | $ | 406   |  |  | $ | 276   | 
|                                                                                    |  |  |  | Amazing Grace Cab Inc &        |  | Term Loan                                             |  |                 | 02/06/14 |  |              |  | 02/06/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 478   |   |         | $ | 459   |  |  | $ | 276   | 
|                                                                                    |  |  |  | S.P.B. Taxi Inc &              |  | Term Loan                                             |  |                 | 09/18/13 |  |              |  | 09/18/16 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.75 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 488   |   |         | $ | 480   |  |  | $ | 275   | 
|                                                                                    |  |  |  | P&P Dumerant Corp &            |  | Term Loan                                             |  |                 | 10/25/13 |  |              |  | 10/25/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 418   |   |         | $ | 418   |  |  | $ | 275   | 
|                                                                                    |  |  |  | Oke Auguste Cab Inc &          |  | Term Loan                                             |  |                 | 01/31/14 |  |              |  | 01/31/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 507   |   |         | $ | 499   |  |  | $ | 275   | 
|                                                                                    |  |  |  | Loren Cab Inc ## &             |  | Term Loan                                             |  |                 | 03/20/14 |  |              |  | 03/20/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.13 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 486   |   |         | $ | 481   |  |  | $ | 275   | 
|                                                                                    |  |  |  | Djbell Love Inc ## &           |  | Term Loan                                             |  |                 | 09/27/12 |  |              |  | 09/27/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 399   |   |         | $ | 397   |  |  | $ | 275   | 
|                                                                                    |  |  |  | Saint Inc &                    |  | Term Loan                                             |  |                 | 08/12/13 |  |              |  | 09/22/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 486   |   |         | $ | 450   |  |  | $ | 274   | 
|                                                                                    |  |  |  | Myra Inc &                     |  | Term Loan                                             |  |                 | 08/12/13 |  |              |  | 08/12/16 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.75 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 487   |   |         | $ | 478   |  |  | $ | 274   | 
|                                                                                    |  |  |  | Joyful Ride Inc ## &           |  | Term Loan                                             |  |                 | 12/28/12 |  |              |  | 12/28/16 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 415   |   |         | $ | 415   |  |  | $ | 274   | 
|                                                                                    |  |  |  | Jason Cab Inc &                |  | Term Loan                                             |  |                 | 03/15/13 |  |              |  | 03/15/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.88 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 458   |   |         | $ | 453   |  |  | $ | 274   | 
|                                                                                    |  |  |  | Good Time Cab Inc ## &         |  | Term Loan                                             |  |                 | 03/20/14 |  |              |  | 03/20/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.13 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 461   |   |         | $ | 459   |  |  | $ | 274   | 
|                                                                                    |  |  |  | God-Will Inc &                 |  | Term Loan                                             |  |                 | 02/11/14 |  |              |  | 02/11/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 485   |   |         | $ | 477   |  |  | $ | 274   | 
|                                                                                    |  |  |  | God Is Able Inc ## &           |  | Term Loan                                             |  |                 | 02/11/14 |  |              |  | 02/11/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 362   |   |         | $ | 362   |  |  | $ | 274   | 
|                                                                                    |  |  |  | Jre Taxi Inc ## &              |  | Term Loan                                             |  |                 | 07/25/14 |  |              |  | 07/25/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.70 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 267   |   |         | $ | 267   |  |  | $ | 268   | 
|                                                                                    |  |  |  | Louine Cab Inc &               |  | Term Loan                                             |  |                 | 09/29/15 |  |              |  | 09/29/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 267   |   |         | $ | 267   |  |  | $ | 267   | 
|                                                                                    |  |  |  | Boband Cab Inc ##              |  | Term Loan                                             |  |                 | 11/06/12 |  |              |  | 03/10/19 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 257   |   |         | $ | 257   |  |  | $ | 257   | 
|                                                                                    |  |  |  | Phatricksey Cab Inc ##         |  | Term Loan                                             |  |                 | 07/14/11 |  |              |  | 07/14/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 237   |   |         | $ | 237   |  |  | $ | 237   | 
|                                                                                    |  |  |  | Sarhad Coach Inc               |  | Term Loan                                             |  |                 | 07/23/13 |  |              |  | 05/25/19 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 233   |   |         | $ | 233   |  |  | $ | 233   | 
|                                                                                    |  |  |  | Ngozi Trans Inc. &             |  | Term Loan                                             |  |                 | 12/31/12 |  |              |  | 12/31/16 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 304   |   |         | $ | 303   |  |  | $ | 233   | 
|                                                                                    |  |  |  | Stanley & Rachelle Cab Inc &   |  | Term Loan                                             |  |                 | 05/23/11 |  |              |  | 05/23/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 152   |   |         | $ | 152   |  |  | $ | 152   | 
|                                                                                    |  |  |  | Dabola Cab Inc ##              |  | Term Loan                                             |  |                 | 11/10/11 |  |              |  | 07/10/19 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 150   |   |         | $ | 150   |  |  | $ | 150   | 
|                                                                                    |  |  |  | Kena Cab Inc                   |  | Term Loan                                             |  |                 | 11/06/12 |  |              |  | 11/06/25 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.75 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 59    |   |         | $ | 59    |  |  | $ | 59    | 
|                                                                                    |  |  |  | Louis-Jacques Family Taxi/Nt B |  | Term Loan                                             |  |                 | 06/02/17 |  |              |  | 06/02/22 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.50 | %                                   |       | $ | 0                    |   |         | $        | 24  |   |           | $ | 24    |   |         | $ | 24    |  |  | $ | 26    | 
|                                                                                    |  |  |  | Promesse Cab Inc               |  | Term Loan                                             |  |                 | 09/28/16 |  |              |  | 09/28/21 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 23    |   |         | $ | 23    |  |  | $ | 25    | 
|                                                                                    |  |  |  | Beaudrin & Alexandra Taxi Inc  |  | Term Loan                                             |  |                 | 09/20/16 |  |              |  | 09/20/21 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 18    |   |         | $ | 18    |  |  | $ | 20    | 
|                                                                                    |  |  |  | Louine Cab Inc                 |  | Term Loan                                             |  |                 | 05/05/16 |  |              |  | 05/05/20 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 15    |   |         | $ | 15    |  |  | $ | 17    | 
|                                                                                    |  |  |  | Benito & Roseline Cab Inc ##   |  | Term Loan                                             |  |                 | 09/09/15 |  |              |  | 09/09/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 16    |   |         | $ | 16    |  |  | $ | 17    | 
|                                                                                    |  |  |  | Jv Taxi Inc                    |  | Term Loan                                             |  |                 | 04/14/15 |  |              |  | 04/14/19 |               |    |   | 1             |  |      |                  | * |   |                               |  | 6.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 13    |   |         | $ | 13    |  |  | $ | 14    | 
|                                                                                    |  |  |  | Sunshine Cab Inc ##            |  | Term Loan                                             |  |                 | 06/12/07 |  |              |  | 06/12/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 5     |   |         | $ | 5     |  |  | $ | 5     | 
|                                                                                    |  |  |  | Britney Cab Inc, Et Al &       |  | Term Loan                                             |  |                 | 12/09/16 |  |              |  | 06/09/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 0.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 29    |   |         | $ | 29    |  |  | $ | 1     | 
|                                                                                    |  |  |  | Sasun Cab Inc &                |  | Term Loan                                             |  |                 | 02/20/13 |  |              |  | 02/20/19 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 18    |   |         | $ | 18    |  |  | $ | 0     | 
|Cambridge                                                                           |  |  |  |                                |  |                                                       |  |                 |          |  |              |  |          |               |    |   | 13            |  |      |                  | 1 | % |                               |  | 4.47 | %                                   |       | $ | 0                    |   |         | $        | 0   |   |           | $ | 4,437 |   |         | $ | 4,392 |  |  | $ | 1,486 | 
|                                                                                    |  |  |  | Drumman Trans Inc              |  | Term Loan                                             |  |                 | 12/07/12 |  |              |  | 12/07/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 307   |   |         | $ | 307   |  |  | $ | 307   | 
|                                                                                    |  |  |  | Gcf Taxi Inc &                 |  | Term Loan                                             |  |                 | 10/08/13 |  |              |  | 10/08/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 624   |   |         | $ | 624   |  |  | $ | 173   | 
|                                                                                    |  |  |  | Taxi Technology Inc ##         |  | Term Loan                                             |  |                 | 12/11/13 |  |              |  | 12/29/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 137   |   |         | $ | 137   |  |  | $ | 137   | 
|                                                                                    |  |  |  | Raad Taxi Inc ## &             |  | Term Loan                                             |  |                 | 05/30/14 |  |              |  | 05/30/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 320   |   |         | $ | 312   |  |  | $ | 89    | 
|                                                                                    |  |  |  | Marcia And Everton Cab Inc &   |  | Term Loan                                             |  |                 | 12/15/15 |  |              |  | 12/15/16 |               |    |   | 1             |  |      |                  | * |   |                               |  | 3.75 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 272   |   |         | $ | 269   |  |  | $ | 88    | 
|                                                                                    |  |  |  | Sam Taxi Inc &                 |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 323   |   |         | $ | 322   |  |  | $ | 87    | 
|                                                                                    |  |  |  | Patrick Cab Inc And Saad Inc & |  | Term Loan                                             |  |                 | 03/29/13 |  |              |  | 03/29/16 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.88 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 397   |   |         | $ | 377   |  |  | $ | 87    | 
|                                                                                    |  |  |  | Lynn Maha Taxi Inc &           |  | Term Loan                                             |  |                 | 05/13/13 |  |              |  | 05/13/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 364   |   |         | $ | 357   |  |  | $ | 87    | 
|                                                                                    |  |  |  | Hope-Lynn Cabworks Inc ## &    |  | Term Loan                                             |  |                 | 03/22/13 |  |              |  | 03/22/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 356   |   |         | $ | 356   |  |  | $ | 87    | 
|                                                                                    |  |  |  | Walger Inc &                   |  | Term Loan                                             |  |                 | 01/26/12 |  |              |  | 01/26/20 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 266   |   |         | $ | 260   |  |  | $ | 86    | 
|                                                                                    |  |  |  | Mgf Taxi Inc &                 |  | Term Loan                                             |  |                 | 05/06/11 |  |              |  | 05/06/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 328   |   |         | $ | 328   |  |  | $ | 86    | 
|                                                                                    |  |  |  | Eureka Cab Inc &               |  | Term Loan                                             |  |                 | 07/01/14 |  |              |  | 07/01/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 417   |   |         | $ | 417   |  |  | $ | 86    | 
|                                                                                    |  |  |  | Desdunes Cab Inc &             |  | Term Loan                                             |  |                 | 09/21/12 |  |              |  | 10/21/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 326   |   |         | $ | 326   |  |  | $ | 86    | 
|Other                                                                               |  |  |  |                                |  |                                                       |  |                 |          |  |              |  |          |               |    |   | 9             |  |      |                  | 0 | % |                               |  | 7.25 | %                                   |       | $ | 0                    |   |         | $        | 0   |   |           | $ | 968   |   |         | $ | 950   |  |  | $ | 556   | 
|                                                                                    |  |  |  | Alexandrite Taxi LLC           |  | Term Loan                                             |  |                 | 07/30/15 |  |              |  | 07/30/20 |               |    |   | 1             |  |      |                  | * |   |                               |  | 9.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 182   |   |         | $ | 182   |  |  | $ | 183   | 
|                                                                                    |  |  |  | Chametz Taxi LLC               |  | Term Loan                                             |  |                 | 07/30/15 |  |              |  | 07/30/20 |               |    |   | 1             |  |      |                  | * |   |                               |  | 9.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 122   |   |         | $ | 122   |  |  | $ | 123   | 
|                                                                                    |  |  |  | Tjp Inc ## &                   |  | Term Loan                                             |  |                 | 01/03/14 |  |              |  | 01/03/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 4.75 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 260   |   |         | $ | 260   |  |  | $ | 61    | 
|                                                                                    |  |  |  | Wiljean Marcelin &             |  | Term Loan                                             |  |                 | 08/21/13 |  |              |  | 09/01/23 |               |    |   | 1             |  |      |                  | * |   |                               |  | 6.75 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 155   |   |         | $ | 148   |  |  | $ | 49    | 
|                                                                                    |  |  |  | Jean C Mathurin/Norcal &       |  | Term Loan                                             |  |                 | 01/15/13 |  |              |  | 02/01/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 8.50 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 155   |   |         | $ | 145   |  |  | $ | 47    | 
|                                                                                    |  |  |  | Hantin Trans/Aventura Taxi &   |  | Term Loan                                             |  |                 | 06/16/10 |  |              |  | 06/16/17 |               |    |   | 1             |  |      |                  | * |   |                               |  | 8.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 47    |   |         | $ | 47    |  |  | $ | 47    | 
|                                                                                    |  |  |  | Zelalem S. Alemu &             |  | Term Loan                                             |  |                 | 04/28/08 |  |              |  | 04/28/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 5.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 29    |   |         | $ | 28    |  |  | $ | 28    | 
|                                                                                    |  |  |  | Elysse Corporation             |  | Term Loan                                             |  |                 | 09/10/10 |  |              |  | 11/01/19 |               |    |   | 1             |  |      |                  | * |   |                               |  | 9.00 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 11    |   |         | $ | 11    |  |  | $ | 11    | 
|                                                                                    |  |  |  | Elzira & Luc Cab Inc.          |  | Term Loan                                             |  |                 | 08/17/10 |  |              |  | 02/17/18 |               |    |   | 1             |  |      |                  | * |   |                               |  | 8.25 | %                                   |       | $ | 0                    |   |         |          |     |   |           | $ | 7     |   |         | $ | 7     |  |  | $ | 7     | 
|                                                                                    |  |  |  |                                |  |                                                       |  |                 |          |  |              |  |          |               |    |   |               |  |      |                  |   |   |                               |  |      |                                     |       |   |                      |   |         |          |     |   |           |   |       |   |         |   |       |  |  |   |       | 
|Total medallion loans ($221,645 pledged as collateral under borrowing arrangements) |  |  |  |                                |  |                                                       |  |                 |          |  | 670          |  |          |               | 83 | % |               |  | 4.40 | %                |   | $ | 898                           |  |      | $                                   | 5,757 |   |                      | $ | 283,678 |          |     | $ | 281,656   |   |       | $ | 233,415 |  
|                                                                                    |  |  |  |                                |  |                                                       |  |                 |          |  |              |  |          |               |    |   |               |  |      |                  |   |   |                               |  |      |                                     |       |   |                      |   |         |          |     |   |           |   |       |   |         |   |       |  |  |   |       | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                                                                                                      |  |   |  |                                                                                                                |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                               |  |       |                                     |  |   |                      |  |  |           |       |  |           |   |       |  |  |   |       |  |  |   |       | 
|----------------------------------------------------------------------------------------------------- |  | - |  | -------------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - | - | ----------------------------- |  | ----- | ----------------------------------- |  | - | -------------------- |  |  | --------- | ----- |  | --------- | - | ----- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in
thousands)                                                                                |  |   |  | Obligor Name                                                                                                   |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |   | Capitalized/ DeferredInterest |  |       | OriginalCost of2017Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost 
(4) |       |  | FairValue |  
|Commercial Loans                                                                                      |  |   |  |                                                                                                                |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                               |  |       |                                     |  |   |                      |  |  |           |       |  |           |   |       |  |  |   |       | 
|Secured mezzanine (21% Minnesota, 15% North Carolina, 10% Oklahoma, 9% Ohio, 8% Texas, 7%
Delaware    | 
|7% California, 5% Kansas, 5% North Dakota, 4% Pennsylvania, 4% Colorado, and 5% all other states) (2) | 
|Manufacturing (41% of the total)                                                                      |  |   |  | Innovative Metal, Inc. dba Southwest Data Products (interest rate includes PIK interest of 2%)                 |  | Term Loan                                             |  |                 | 04/06/17 |  |              |  | 04/06/24 |               |  |  | 1             |  |  |                  | 2 | % |                               |  | 14.00 | %                                   |  | $ | 0                    |  |  | $         | 5,000 |  |           | $ | 5,000 |  |  | $ | 5,000 |  |  | $ | 4,979 | 
|                                                                                                      |  |   |  | Stride Tool Holdings, LLC (interest rate includes PIK interest of 3%)                                          |  | Term Loan                                             |  |                 | 04/05/16 |  |              |  | 04/05/21 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 15.00 | %                                   |  | $ | 153                  |  |  |           |       |  |           | $ | 4,153 |  |  | $ | 4,153 |  |  | $ | 4,109 | 
|                                                                                                      |  |   |  | AA Plush Holdings, LLC (interest rate includes PIK interest of 6%)                                             |  | Term Loan                                             |  |                 | 08/15/14 |  |              |  | 08/15/19 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 14.00 | %                                   |  | $ | 294                  |  |  |           |       |  |           | $ | 3,294 |  |  | $ | 3,294 |  |  | $ | 3,289 | 
|                                                                                                      |  |   |  | Liberty Paper Products Acquisition LLC (interest rate includes PIK interest of 2%)                             |  | Term Loan                                             |  |                 | 06/09/16 |  |              |  | 06/09/21 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 14.00 | %                                   |  | $ | 65                   |  |  |           |       |  |           | $ | 3,065 |  |  | $ | 3,065 |  |  | $ | 3,065 | 
|                                                                                                      |  |   |  | Pinnacle Products International, Inc. & (interest rate includes PIK interest of 17%)                           |  | Term Loan                                             |  |                 | 10/09/15 |  |              |  | 10/09/20 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 15.00 | %                                   |  | $ | 107                  |  |  |           |       |  |           | $ | 2,907 |  |  | $ | 2,907 |  |  | $ | 2,907 | 
|                                                                                                      |  |   |  | BB Opco, LLC d/b/a BreathableBaby, LLC (interest rate includes PIK interest of 3%)                             |  | Term Loan                                             |  |                 | 08/01/14 |  |              |  | 08/01/19 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 14.00 | %                                   |  | $ | 177                  |  |  |           |       |  |           | $ | 2,677 |  |  | $ | 2,677 |  |  | $ | 2,679 | 
|                                                                                                      |  |   |  | EGC Operating Company, LLC (interest rate includes PIK interest of 2%)                                         |  | Term Loan                                             |  |                 | 09/30/14 |  |              |  | 09/30/19 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 15.00 | %                                   |  | $ | 40                   |  |  |           |       |  |           | $ | 2,450 |  |  | $ | 2,450 |  |  | $ | 2,455 | 
|                                                                                                      |  |   |  | American Cylinder, Inc. d/b/a All Safe (interest rate includes PIK interest of 7%)                             |  | Term Loan                                             |  |                 | 07/03/13 |  |              |  | 09/30/18 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 19.00 | %                                   |  | $ | 219                  |  |  |           |       |  |           | $ | 1,719 |  |  | $ | 1,719 |  |  | $ | 1,718 | 
|                                                                                                      |  | + |  | Respiratory Technologies, Inc.                                                                                 |  | Term Loan                                             |  |                 | 04/25/12 |  |              |  | 12/31/17 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 12.00 | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 1,500 |  |  | $ | 1,500 |  |  | $ | 1,500 | 
|                                                                                                      |  |   |  | Tri-Tech Forensics, Inc. (interest rate includes PIK interest of 2%)                                           |  | Term Loan                                             |  |                 | 06/15/17 |  |              |  | 06/15/22 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 14.00 | %                                   |  |   |                      |  |  | $         | 1,500 |  |           | $ | 1,500 |  |  | $ | 1,500 |  |  | $ | 1,500 | 
|                                                                                                      |  |   |  | Orchard Holdings, Inc. &                                                                                       |  | Term Loan                                             |  |                 | 03/10/99 |  |              |  | 03/31/10 |               |  |  | 1             |  |  |                  | * |   |                               |  | 13.00 | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 1,390 |  |  | $ | 1,390 |  |  | $ | 1,390 | 
|                                                                                                      |  |   |  | Filter Holdings, Inc. (interest rate includes PIK interest of 2%)                                              |  | Term Loan                                             |  |                 | 05/05/17 |  |              |  | 05/05/22 |               |  |  | 1             |  |  |                  | * |   |                               |  | 14.00 | %                                   |  | $ | 0                    |  |  | $         | 1,250 |  |           | $ | 1,250 |  |  | $ | 1,250 |  |  | $ | 1,250 | 
|                                                                                                      |  |   |  | Quaker Bakery Brands, Inc.                                                                                     |  | Term Loan                                             |  |                 | 03/28/17 |  |              |  | 03/28/22 |               |  |  | 1             |  |  |                  | * |   |                               |  | 10.00 | %                                   |  | $ | 0                    |  |  | $         | 200   |  |           | $ | 200   |  |  | $ | 200   |  |  | $ | 200   | 
|                                                                                                      |  | + |  | GAF Manufacturing, LLC &                                                                                       |  | Term Loan                                             |  |                 | 03/06/14 |  |              |  | 03/06/19 |               |  |  | 1             |  |  |                  | * |   |                               |  | 14.00 | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 281   |  |  | $ | 281   |  |  | $ | 156   | 
|                                                                                                      |  | + |  | Waltek Acquisitions, Inc.                                                                                      |  | Term Loan                                             |  |                 | 03/31/06 |  |              |  | 03/31/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 12.00 | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 34    |  |  | $ | 34    |  |  | $ | 34    | 
|Professional, Scientific, and Technical Services (21% of the total)                                   |  |   |  | Weather Decision Technologies, Inc. {One-time on 1/1/18 to 15%} (interest rate includes PIK interest of 9.00%) |  | Term Loan                                             |  |                 | 12/11/15 |  |              |  | 12/11/20 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 18.00 | %                                   |  | $ | 532                  |  |  |           |       |  |           | $ | 4,032 |  |  | $ | 4,032 |  |  | $ | 4,023 | 
|                                                                                                      |  |   |  | Northern Technologies, LLC (interest rate includes PIK interest of 1%)                                         |  | Term Loan                                             |  |                 | 01/29/16 |  |              |  | 01/29/23 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 13.00 | %                                   |  | $ | 51                   |  |  |           |       |  |           | $ | 3,651 |  |  | $ | 3,651 |  |  | $ | 3,650 | 
|                                                                                                      |  |   |  | ADSCO Opco, LLC (interest rate includes PIK interest of 2%)                                                    |  | Term Loan                                             |  |                 | 10/25/16 |  |              |  | 10/25/21 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 13.00 | %                                   |  | $ | 50                   |  |  |           |       |  |           | $ | 3,650 |  |  | $ | 3,650 |  |  | $ | 3,639 | 
|                                                                                                      |  | + |  | DPIS Engineering, LLC                                                                                          |  | Term Loan                                             |  |                 | 12/01/14 |  |              |  | 06/30/20 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 12.00 | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 2,000 |  |  | $ | 2,000 |  |  | $ | 1,998 | 
|                                                                                                      |  |   |  | J. R. Thompson Company LLC (interest rate includes PIK interest of 2%)                                         |  | Term Loan                                             |  |                 | 05/21/15 |  |              |  | 05/21/22 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 14.00 | %                                   |  | $ | 30                   |  |  |           |       |  |           | $ | 1,642 |  |  | $ | 1,642 |  |  | $ | 1,642 | 
|                                                                                                      |  |   |  | Portu-Sunberg Marketing LLC                                                                                    |  | Term Loan                                             |  |                 | 10/21/16 |  |              |  | 03/21/22 |               |  |  | 1             |  |  |                  | * |   |                               |  | 12.00 | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 1,250 |  |  | $ | 1,250 |  |  | $ | 1,244 | 
|Arts, Entertainment, and Recreation (11% of the total)                                                |  |   |  | RPAC Racing, LLC (interest rate includes PIK interest of 2%)                                                   |  | Term Loan                                             |  |                 | 11/19/10 |  |              |  | 03/30/20 |               |  |  | 1             |  |  |                  | 2 | % |                               |  | 2.00  | %                                   |  | $ | 2,572                |  |  |           |       |  |           | $ | 5,611 |  |  | $ | 5,611 |  |  | $ | 5,611 | 
|                                                                                                      |  |   |  | RPAC Racing LLC (interest rate includes PIK interest of 9.90%)                                                 |  | Term Loan                                             |  |                 | 06/22/16 |  |              |  | 03/31/20 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 9.90  | %                                   |  | $ | 34                   |  |  |           |       |  |           | $ | 2,034 |  |  | $ | 2,034 |  |  | $ | 2,034 | 
|                                                                                                      |  |   |  | RPAC Racing LLC (interest rate includes PIK interest of 9.90%)                                                 |  | Term Loan                                             |  |                 | 09/14/16 |  |              |  | 03/31/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 9.90  | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 1,000 |  |  | $ | 1,000 |  |  | $ | 1,000 | 
|Information (10% of the total)                                                                        |  |   |  | US Internet Corp.                                                                                              |  | Term Loan                                             |  |                 | 03/14/17 |  |              |  | 03/14/22 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 14.50 | %                                   |  | $ | 0                    |  |  | $         | 5,650 |  |           | $ | 4,075 |  |  | $ | 4,075 |  |  | $ | 4,069 | 
|                                                                                                      |  |   |  | US Internet Corp. (interest rate includes PIK interest of 17%)                                                 |  | Term Loan                                             |  |                 | 03/14/17 |  |              |  | 03/14/22 |               |  |  | 1             |  |  |                  | * |   |                               |  | 19.00 | %                                   |  | $ | 52                   |  |  | $         | 1,500 |  |           | $ | 1,052 |  |  | $ | 1,052 |  |  | $ | 1,052 | 
|                                                                                                      |  |   |  | Centare Holdings, Inc. (interest rate includes PIK interest of 2%)                                             |  | Term Loan                                             |  |                 | 08/30/13 |  |              |  | 08/30/18 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 14.00 | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 2,500 |  |  | $ | 2,500 |  |  | $ | 2,496 | 
|Transportation and Warehousing (5% of the total)                                                      |  |   |  | LLL Transport, Inc. & (interest rate includes PIK interest of 18%)                                             |  | Term Loan                                             |  |                 | 10/23/15 |  |              |  | 04/23/21 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 15.00 | %                                   |  | $ | 141                  |  |  |           |       |  |           | $ | 3,641 |  |  | $ | 3,641 |  |  | $ | 3,639 | 
|Administrative and Support Services (5% of the total)                                                 |  |   |  | Staff One, Inc.                                                                                                |  | Term Loan                                             |  |                 | 06/30/08 |  |              |  | 03/31/18 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 3.00  | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 2,665 |  |  | $ | 2,665 |  |  | $ | 2,665 | 
|                                                                                                      |  |   |  | Staff One, Inc. (interest rate includes PIK interest of 7%)                                                    |  | Term Loan                                             |  |                 | 12/28/16 |  |              |  | 03/31/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 19.00 | %                                   |  | $ | 20                   |  |  |           |       |  |           | $ | 577   |  |  | $ | 577   |  |  | $ | 577   | 
|                                                                                                      |  |   |  | Staff One, Inc.                                                                                                |  | Term Loan                                             |  |                 | 09/15/11 |  |              |  | 03/31/18 |               |  |  | 1             |  |  |                  | * |   |                               |  | 3.00  | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 331   |  |  | $ | 331   |  |  | $ | 331   | 
|Wholesale Trade (4% of the total)                                                                     |  | + |  | Classic Brands, LLC                                                                                            |  | Term Loan                                             |  |                 | 01/08/16 |  |              |  | 04/30/23 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 12.00 | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 2,880 |  |  | $ | 2,880 |  |  | $ | 2,880 | 
|Construction (2% of the total)                                                                        |  |   |  | Highland Crossing-M, LLC                                                                                       |  | Term Loan                                             |  |                 | 01/07/15 |  |              |  | 02/01/25 |               |  |  | 1             |  |  |                  | 1 | % |                               |  | 11.50 | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 1,447 |  |  | $ | 1,447 |  |  | $ | 1,446 | 
|Accommodation and Food Services (1% of the total)                                                     |  |   |  | Javier & David Restaurant Corp.                                                                                |  | Term Loan                                             |  |                 | 11/05/10 |  |              |  | 11/05/20 |               |  |  | 1             |  |  |                  | * |   |                               |  | 9.25  | %                                   |  | $ | 0                    |  |  |           |       |  |           | $ | 293   |  |  | $ | 293   |  |  | $ | 293   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                                                                                |  |  |  |                                                                     |  |                                                       |  |                 |          |  |              |       |          |               |   |       |               |  |   |                  |     |   |                               |        |       |                                     |   |         |                      |  |   |          |  |  |           |       |       |  |  |   |         |  |  |    |         | 
|------------------------------------------------------------------------------- |  |  |  | ------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ | ----- | -------- | ------------- | - | ----- | ------------- |  | - | ---------------- | --- | - | ----------------------------- | ------ | ----- | ----------------------------------- | - | ------- | -------------------- |  | - | -------- |  |  | --------- | ----- | ----- |  |  | - | ------- |  |  | -- | ------- | 
|(Dollars in
thousands)                                                          |  |  |  | Obligor Name                                                        |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |       |          | No. ofInvest. |   |       | % ofNetAssets |  |   | InterestRate (1) |     |   | Capitalized/ DeferredInterest |        |       | OriginalCost of2017Acquisitions (5) |   |         | PrincipalOutstanding |  |   | Cost (4) |  |  | FairValue |      
|                                                                                |  |  |  | Star Concessions, Ltd. &                                            |  | Term Loan                                             |  |                 | 06/30/00 |  |              |       | 09/30/17 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 10.00 | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 254   |  |  | $ | 254     |  |  | $  | 60      | 
|                                                                                |  |  |  | MultiRestaurants Concepts, Ltd. &                                   |  | Term Loan                                             |  |                 | 06/30/00 |  |              |       | 09/30/17 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 10.00 | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 430   |  |  | $ | 430     |  |  | $  | 53      | 
|Retail Trade (0% of the total)                                                  |  |  |  | Retail Concessions, Ltd. &                                          |  | Term Loan                                             |  |                 | 06/30/00 |  |              |       | 09/30/17 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 10.00 | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 43    |  |  | $ | 43      |  |  | $  | 36      | 
|                                                                                |  |  |  |                                                                     |  |                                                       |  |                 |          |  |              |       |          |               |   |       |               |  |   |                  |     |   |                               |        |       |                                     |   |         |                      |  |   |          |  |  |           |       |       |  |  |   |         |  |  |    |         | 
|Total secured mezzanine
(2)                                                     |  |  |  | 37                                                                  |  |                                                       |  | 27              | %        |  |              | 13.31 | %        |               | $ | 4,537 |               |  | $ | 15,100           |     |   | $                             | 76,478 |       |                                     | $ | 76,478  |                      |  | $ | 75,669   | 
|                                                                                |  |  |  |                                                                     |  |                                                       |  |                 |          |  |              |       |          |               |   |       |               |  |   |                  |     |   |                               |        |       |                                     |   |         |                      |  |   |          |  |  |           |       |       |  |  |   |         |  |  |    |         | 
|Other secured commercial (55% New York, 40% New Jersey and 5% all other states) | 
|Retail Trade (85% of the total)                                                 |  |  |  | Medallion Fine Art Inc (interest rate includes PIK interest of 12%) |  | Term Loan                                             |  |                 | 12/17/12 |  |              |       | 12/17/17 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 12.00 | %                                   |   | $       | 2,829                |  |   |          |  |  |           | $     | 1,278 |  |  | $ | 1,278   |  |  | $  | 1,278   | 
|                                                                                |  |  |  | La Conga Food Market Inc                                            |  | Term Loan                                             |  |                 | 12/23/15 |  |              |       | 12/09/18 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 7.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 564   |  |  | $ | 564     |  |  | $  | 565     | 
|                                                                                |  |  |  | Anthony Supermarket LLC                                             |  | Term Loan                                             |  |                 | 04/02/13 |  |              |       | 07/02/18 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 9.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 129   |  |  | $ | 129     |  |  | $  | 128     | 
|                                                                                |  |  |  | Moderne Barn Wines&Spirits Inc                                      |  | Term Loan                                             |  |                 | 05/09/13 |  |              |       | 05/09/18 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 4.75  | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 30    |  |  | $ | 30      |  |  | $  | 30      | 
|                                                                                |  |  |  | Drr Enterprises LLC &                                               |  | Term Loan                                             |  |                 | 10/28/08 |  |              |       | 10/17/18 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 10.50 | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 80    |  |  | $ | 61      |  |  | $  | 26      | 
|                                                                                |  |  |  | Don Marto Minimarket Corp &                                         |  | Term Loan                                             |  |                 | 03/03/15 |  |              |       | 03/03/20 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 9.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 164   |  |  | $ | 150     |  |  | $  | 19      | 
|Accommodation and Food Services (10% of the total)                              |  |  |  | Bistro Caterers Corporation                                         |  | Term Loan                                             |  |                 | 07/25/13 |  |              |       | 07/25/18 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 9.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 145   |  |  | $ | 145     |  |  | $  | 144     | 
|                                                                                |  |  |  | El Tropico Family Rest Ii LLC &                                     |  | Term Loan                                             |  |                 | 11/29/05 |  |              |       | 04/18/17 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 6.75  | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 271   |  |  | $ | 180     |  |  | $  | 105     | 
|                                                                                |  |  |  | El Mangu Sabroso Restaurant In &                                    |  | Term Loan                                             |  |                 | 06/06/14 |  |              |       | 09/06/19 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 9.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 247   |  |  | $ | 238     |  |  | -$ | 3       | 
|Transportation and Warehousing (3% of the total)                                |  |  |  | Tehran Properties Inc &                                             |  | Term Loan                                             |  |                 | 03/17/15 |  |              |       | 09/10/18 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 4.25  | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 75    |  |  | $ | 74      |  |  | $  | 75      | 
|Real Estate and Rental and Leasing (2% of the total)                            |  |  |  | Jude Odimegwu Et Al &                                               |  | Term Loan                                             |  |                 | 03/31/15 |  |              |       | 03/31/20 |               |   |       | 1             |  |   |                  | *   |   |                               |        | 5.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           | $     | 69    |  |  | $ | 65      |  |  | $  | 56      | 
|                                                                                |  |  |  |                                                                     |  |                                                       |  |                 |          |  |              |       |          |               |   |       |               |  |   |                  |     |   |                               |        |       |                                     |   |         |                      |  |   |          |  |  |           |       |       |  |  |   |         |  |  |    |         | 
|Total Other Commercial Loans
(2)                                                |  |  |  |                                                                     |  |                                                       |  | 11              |          |  |              | 1     | %        |               |   | 9.57  | %             |  | $ | 2,829            |     |   | $                             | 0      |       |                                     | $ | 3,052   |                      |  | $ | 2,914    |  |  | $         | 2,423 |      
|                                                                                |  |  |  |                                                                     |  |                                                       |  |                 |          |  |              |       |          |               |   |       |               |  |   |                  |     |   |                               |        |       |                                     |   |         |                      |  |   |          |  |  |           |       |       |  |  |   |         |  |  |    |         | 
|Total commercial loans(2)                                                       |  |  |  | 48                                                                  |  |                                                       |  | 28              | %        |  |              | 13.18 | %        |               | $ | 7,366 |               |  | $ | 15,100           |     |   | $                             | 79,530 |       |                                     | $ | 79,392  |                      |  | $ | 78,092   | 
|                                                                                |  |  |  |                                                                     |  |                                                       |  |                 |          |  |              |       |          |               |   |       |               |  |   |                  |     |   |                               |        |       |                                     |   |         |                      |  |   |          |  |  |           |       |       |  |  |   |         |  |  |    |         | 
|Investment in Medallion Bank and other controlled subsidiaries                  | 
|Commercial Banking                                                              |  |  |  | Medallion Bank **                                                   |  | 100% of common stock                                  |  |                 | 05/16/02 |  |              |       | None     |               |   |       | 1             |  |   |                  | 101 | % |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 141,034 |  |  | $  | 286,014 | 
|NASCAR Race Team                                                                |  |  |  | Medallion MotorSports, LLC                                          |  | 75% of LLC units                                      |  |                 | 11/24/10 |  |              |       | None     |               |   |       | 1             |  |   |                  | 3   | % |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 2,820   |  |  | $  | 8,018   | 
|Art Dealer                                                                      |  |  |  | Medallion Fine Art, Inc.                                            |  | 100% of common stock                                  |  |                 | 12/03/12 |  |              |       | None     |               |   |       | 1             |  |   |                  | 2   | % |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 1,689   |  |  | $  | 4,455   | 
|Loan Servicing                                                                  |  |  |  | Medallion Servicing Corp.                                           |  | 100% of common stock                                  |  |                 | 11/05/10 |  |              |       | None     |               |   |       | 1             |  |   |                  | *   |   |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 197     |  |  | $  | 197     | 
|Professional Sports Team                                                        |  |  |  | LAX Group LLC                                                       |  | 44.97% of membership interests                        |  |                 | 05/23/12 |  |              |       | None     |               |   |       | 1             |  |   |                  | 1   | % |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 349     |  |  | $  | 3,099   | 
|Media                                                                           |  |  |  | Medallion Taxi Media, Inc.                                          |  | 100% of common stock                                  |  |                 | 01/01/17 |  |              |       | None     |               |   |       | 1             |  |   |                  | *   |   |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 0       |  |  | $  | 36      | 
|                                                                                |  |  |  |                                                                     |  |                                                       |  |                 |          |  |              |       |          |               |   |       |               |  |   |                  |     |   |                               |        |       |                                     |   |         |                      |  |   |          |  |  |           |       |       |  |  |   |         |  |  |    |         | 
|Investment in Medallion Bank and other controlled subsidiaries, net             |  |  |  | 6                                                                   |  |                                                       |  | 107             | %        |  |              | 0.00  | %        |               | $ | 0     |               |  | $ | 0                |     |   | $                             | 0      |       |                                     | $ | 146,089 |                      |  | $ | 301,819  | 
|                                                                                |  |  |  |                                                                     |  |                                                       |  |                 |          |  |              |       |          |               |   |       |               |  |   |                  |     |   |                               |        |       |                                     |   |         |                      |  |   |          |  |  |           |       |       |  |  |   |         |  |  |    |         | 
|Equity investments                                                              | 
|Commercial Finance                                                              |  |  |  | Convergent Capital, Ltd **                                          |  | 7% of limited partnership interest                    |  |                 | 07/20/07 |  |              |       | None     |               |   |       | 1             |  |   |                  | *   |   |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 1,272   |  |  | $  | 995     | 
|NASCAR Race Team                                                                |  |  |  | Rpac Racing LLC                                                     |  | 1,000 shares of Series D                              |  |                 | 08/25/15 |  |              |       | None     |               |   |       | 1             |  |   |                  | 1   | % |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 0       |  |  | $  | 1,822   | 
|Loan Servicing                                                                  |  |  |  | Upgrade, Inc.                                                       |  | 166,667 shares of Series A-1 preferred stock          |  |                 | 09/30/16 |  |              |       | None     |               |   |       | 1             |  |   |                  | *   |   |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 250     |  |  | $  | 1,395   | 
|Employee Leasing Services                                                       |  |  |  | Staff One, Inc.                                                     |  | 46.4% preferred stock                                 |  |                 | 06/30/08 |  |              |       | None     |               |   |       | 2             |  |   |                  | *   |   |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 472     |  |  | $  | 1,171   | 
|Weather Forecasting Services                                                    |  |  |  | Weather Decision Technologies, Inc.                                 |  | 2.2% preferred stock                                  |  |                 | 12/11/15 |  |              |       | None     |               |   |       | 1             |  |   |                  | *   |   |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 500     |  |  | $  | 500     | 
|Hand Tool Manufacturer                                                          |  |  |  | Stride Tool Holdings, LLC                                           |  | 7.14% of Series A-2 LLC units                         |  |                 | 04/05/16 |  |              |       | None     |               |   |       | 1             |  |   |                  | *   |   |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 500     |  |  | $  | 500     | 
|Appliance Recycler #                                                            |  |  |  | Appliance Recycling Centers of America, Inc.                        |  | 7.01% of common stock                                 |  |                 | 09/10/98 |  |              |       | None     |               |   |       | 1             |  |   |                  | *   |   |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 0       |  |  | $  | 318     | 
|Services related to advertising                                                 |  |  |  | ADSCO Opco, LLC                                                     |  | 7.9% of LLC units of Class A Series A-2               |  |                 | 10/25/16 |  |              |       | None     |               |   |       | 1             |  |   |                  | *   |   |                               |        | 0.00  | %                                   |   | $       | 0                    |  |   |          |  |  |           |       |       |  |  | $ | 400     |  |  | $  | 400     | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

June 30, 2017



|                                                                                 |  |  |  |                                         |  |                                                       |  |                 |                      |  |              |      |                                   |               |   |       |               |  |   |                  |   |  |                               |         |      |                                     |   |         |                      |  |   |          |     |  |           |  |  |  |  |   |     |  |  |   |     | 
|-------------------------------------------------------------------------------- |  |  |  | --------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------------------- |  | ------------ | ---- | --------------------------------- | ------------- | - | ----- | ------------- |  | - | ---------------- | - |  | ----------------------------- | ------- | ---- | ----------------------------------- | - | ------- | -------------------- |  | - | -------- | --- |  | --------- |  |  |  |  | - | --- |  |  | - | --- | 
|(Dollars in
thousands)                                                           |  |  |  | Obligor Name                            |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |                      |  | MaturityDate |      |                                   | No. ofInvest. |   |       | % ofNetAssets |  |   | InterestRate (1) |   |  | Capitalized/ DeferredInterest |         |      | OriginalCost of2017Acquisitions (5) |   |         | PrincipalOutstanding |  |   | Cost (4) |     |  | FairValue | 
|Envirnomental Consulting Services                                                |  |  |  | Northern Technologies, LLC              |  | 7.98% of LLC units                                    |  |                 | 01/29/2016and12/5/16 |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 408 |  |  | $ | 408 | 
|Paper Tapes Manufacturer                                                         |  |  |  | Liberty Paper Products Acquisition, LLC |  | 100% of Series A preferred LLC units - 12% total      |  |                 | 06/09/16             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 350 |  |  | $ | 350 | 
|Machinery Manufacturer                                                           |  |  |  | Reel Power International, Inc.          |  | 2.65% of common stock                                 |  |                 | 08/04/08             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 319 |  |  | $ | 319 | 
|Stuffed Toy Manufacturer                                                         |  |  |  | AA Plush Holdings, LLC                  |  | 1.6% LLC common units                                 |  |                 | 08/15/14             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 300 |  |  | $ | 300 | 
|Investment Castings                                                              |  |  |  | Tech Cast Holdings LLC                  |  | 4.14% LLC units                                       |  |                 | 12/12/14             |  |              |      | 12/12/19                          |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 300 |  |  | $ | 300 | 
|Baby Sleep Products                                                              |  |  |  | BB Opco, LLC d/b/a BreathableBaby, LLC  |  | 3.6% LLC units                                        |  |                 | 08/01/14             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 250 |  |  | $ | 250 | 
|Marketing Services                                                               |  |  |  | Third Century JRT Inc.                  |  | 13% common stock                                      |  |                 | 05/21/15             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 200 |  |  | $ | 200 | 
|                                                                                 |  |  |  | Portu-Sunberg Marketing LLC             |  | Warrant for 2.85% of the outstanding stock            |  |                 | 12/31/12             |  |              |      | 07/24/20                          |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 0   |  |  | $ | 0   | 
|                                                                                 |  |  |  | Portu-Sunberg Marketing LLC             |  | 0.86% LLC units                                       |  |                 | 10/19/16             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 50  |  |  | $ | 50  | 
|Manufacture Space Heaters, etc.                                                  |  |  |  | Pinnacle Products International, Inc.   |  | 0.5% common stock                                     |  |                 | 10/09/15             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 135 |  |  | $ | 135 | 
|IT Services                                                                      |  |  |  | Centare Holdings, Inc.                  |  | 7.23% of common stock, 3.88% of preferred stock       |  |                 | 08/30/13             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 104 |  |  | $ | 104 | 
|Sheet metal manufacturer                                                         |  |  |  | SWDP Acquisition Co., LLC               |  | 9.9875% of Common LLC units                           |  |                 | 04/06/17             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   | $        | 400 |  |           |  |  |  |  | $ | 400 |  |  | $ | 400 | 
|Manufacturer of industrial filters                                               |  |  |  | Filter Holdings, Inc.                   |  | 7.14% of Common Stock, 7.14% of Preferred Stock       |  |                 | 05/05/17             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   | $        | 207 |  |           |  |  |  |  | $ | 207 |  |  | $ | 207 | 
|Design, assemble, distribute forensic supplies                                   |  |  |  | TTFI Holdings, Inc.                     |  | 4.91% of Common Stock; 4.61% of Preferred Stock       |  |                 | 06/15/17             |  |              |      | None                              |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   | $        | 192 |  |           |  |  |  |  | $ | 192 |  |  | $ | 192 | 
|Food Manufacturer                                                                |  |  |  | PACA Foods, LLC                         |  | Warrant for 8% of the outstanding stock               |  |                 | 12/31/10             |  |              |      | 02/17/20                          |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 0   |  |  | $ | 0   | 
|Shelving Manufacturer                                                            |  |  |  | Storflex Holdings, Inc.                 |  | Warrant for 1.7% of the outstanding stock             |  |                 | 07/17/12             |  |              |      | 02/05/23                          |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 0   |  |  | $ | 0   | 
|Engineering Design Service                                                       |  |  |  | DPIS Engineering LLC                    |  | Warrant for 180,000 Class C units                     |  |                 | 12/01/14             |  |              |      | 5thanniversaryof note paidin full |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 0   |  |  | $ | 0   | 
|Manufacturer of Pipe Fittings                                                    |  |  |  | GAF Acquisition LLC                     |  | Warrant for 2,041 shares of LLC units                 |  |                 | 03/06/14             |  |              |      | 5thanniversaryof note paidin full |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 0   |  |  | $ | 0   | 
|Surgical Supplies Manufacturer                                                   |  |  |  | Respiratory Technologies, Inc.          |  | Warrant for 38,000 Common shares                      |  |                 | 04/25/12             |  |              |      | 5thanniversaryof note paidin full |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 0   |  |  | $ | 0   | 
|Precision Investment Casting (Foundry)                                           |  |  |  | Waltek Acquisitions, Inc.               |  | Warrants for 323 shares of Common Stock               |  |                 | 3/31/06and1/29/10    |  |              |      | 5thanniversaryof note paidin full |               |   |       | 2             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 0   |  |  | $ | 0   | 
|Hobbyists Supplies Merch. Wholesale                                             |  |  |  | Classic Brand, LLC                      |  | Warrant for 300,000 Class A units                     |  |                 | 01/08/16             |  |              |      | 01/08/26                          |               |   |       | 1             |  |   |                  | * |  |                               |         | 0.00 | %                                   |   | $       | 0                    |  |   |          |     |  |           |  |  |  |  | $ | 0   |  |  | $ | 0   | 
|                                                                                 |  |  |  |                                         |  |                                                       |  |                 |                      |  |              |      |                                   |               |   |       |               |  |   |                  |   |  |                               |         |      |                                     |   |         |                      |  |   |          |     |  |           |  |  |  |  |   |     |  |  |   |     | 
|Equity investments, net                                                          |  |  |  | 31                                      |  |                                                       |  | 4               | %                    |  |              | 0.00 | %                                 |               | $ | 0     |               |  | $ | 799              |   |  | $                             | 0       |      |                                     | $ | 6,609   |                      |  | $ | 10,316   |    
|                                                                                 |  |  |  |                                         |  |                                                       |  |                 |                      |  |              |      |                                   |               |   |       |               |  |   |                  |   |  |                               |         |      |                                     |   |         |                      |  |   |          |     |  |           |  |  |  |  |   |     |  |  |   |     | 
|Investment securities                                                            |  |  |  |                                         |  |                                                       |  |                 |                      |  |              |      |                                   |               |   |       |               |  |   |                  |   |  |                               |         |      |                                     |   |         |                      |  |   |          |    
|                                                                                 |  |  |  |                                         |  |                                                       |  |                 |                      |  |              |      |                                   |               |   |       |               |  |   |                  |   |  |                               |         |      |                                     |   |         |                      |  |   |          |     |  |           |  |  |  |  |   |     |  |  |   |     | 
|Investment securities, net                                                       |  |  |  | 0                                       |  |                                                       |  | 0               | %                    |  |              | 0.00 | %                                 |               | $ | 0     |               |  | $ | 0                |   |  | $                             | 0       |      |                                     | $ | 0       |                      |  | $ | 0        |    
|                                                                                 |  |  |  |                                         |  |                                                       |  |                 |                      |  |              |      |                                   |               |   |       |               |  |   |                  |   |  |                               |         |      |                                     |   |         |                      |  |   |          |     |  |           |  |  |  |  |   |     |  |  |   |     | 
|                                                                                 |  |  |  |                                         |  |                                                       |  |                 |                      |  |              |      |                                   |               |   |       |               |  |   |                  |   |  |                               |         |      |                                     |   |         |                      |  |   |          |     |  |           |  |  |  |  |   |     |  |  |   |     | 
|                                                                                 |  |  |  |                                         |  |                                                       |  |                 |                      |  |              |      |                                   |               |   |       |               |  |   |                  |   |  |                               |         |      |                                     |   |         |                      |  |   |          |     |  |           |  |  |  |  |   |     |  |  |   |     | 
|Net Investments ($221,645 pledged as collateral under borrowing arrangements)(3) |  |  |  | 755                                     |  |                                                       |  | 221             | %                    |  |              | 4.45 | %                                 |               | $ | 8,264 |               |  | $ | 21,656           |   |  | $                             | 363,208 |      |                                     | $ | 513,746 |                      |  | $ | 623,642  |    
|                                                                                 |  |  |  |                                         |  |                                                       |  |                 |                      |  |              |      |                                   |               |   |       |               |  |   |                  |   |  |                               |         |      |                                     |   |         |                      |  |   |          |     |  |           |  |  |  |  |   |     |  |  |   |     | 



|(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 and other commercial loans was $7,366 of interest income capitalized into the outstanding investment balances, and $898
of deferred interest income, in accordance with the terms of the investment contract.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(3) | The ratio of restricted securities fair value to net assets is 221%.
|--- | --------------------------------------------------------------------

|(4) | Gross unrealized appreciation, gross unrealized depreciation and net appreciation for federal income tax purposes totaled $220,587, $50,358 and $170,229, respectively.
The tax cost of investments was $453,413.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | For revolving lines of credit the amount shown is the cost at June 30, 2017.
|--- | ----------------------------------------------------------------------------

|* | 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 56% and up to 46% on a consolidated basis. Under the 1940 Act, we may not acquire any non-qualifying assets, unless at the time such acquisition is made, qualifying assets, which include securities of eligible portfolio companies, represent at least 70% of our total assets. The status of these assets
under the 1940 Act are subject to change. We monitor the status of these assets on an ongoing 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 June 30, 2017.
|- | --------------------------------------------------------------------------------------------



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                                            |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |    |   |                     |  |      |                                     |  |   |                      |  |  |          |        |  |           |   |         |  |  |   |         |  |  |   |         | 
|---------------------- |  |  |  | ---------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | -- | - | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | ------ |  | --------- | - | ------- |  |  | - | ------- |  |  | - | ------- | 
|(Dollars in thousands) |  |  |  | Obligor Name                                               |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |    |   | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |        |  | FairValue |  
|Medallion Loans        |  |  |  |                                                            |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |    |   |                     |  |      |                                     |  |   |                      |  |  |          |        |  |           |   |         |  |  |   |         |  |  |   |         | 
|New York               |  |  |  |                                                            |  |                                                       |  |                 |          |  |              |  |          |               |  |  | 380           |  |  |                  | 66 | % |                     |  | 3.67 | %                                   |  | $ | 0                    |  |  | $        | 15,068 |  |           | $ | 202,845 |  |  | $ | 202,469 |  |  | $ | 189,571 | 
|                       |  |  |  | Sean Cab Corp ##                                           |  | Term Loan                                             |  |                 | 12/09/11 |  |              |  | 11/23/18 |               |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.63 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 3,270   |  |  | $ | 3,270   |  |  | $ | 3,270   | 
|                       |  |  |  | Real Cab Corp ##                                           |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | 1  | % |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 2,545   |  |  | $ | 2,545   |  |  | $ | 2,545   | 
|                       |  |  |  | Real Cab Corp ##                                           |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 350     |  |  | $ | 350     |  |  | $ | 350     | 
|                       |  |  |  | Real Cab Corp                                              |  | Term Loan                                             |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.31 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 338     |  |  | $ | 338     |  |  | $ | 338     | 
|                       |  |  |  | Slo Cab Corp ##                                            |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | 1  | % |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,527   |  |  | $ | 1,527   |  |  | $ | 1,527   | 
|                       |  |  |  | Slo Cab Corp ##                                            |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 210     |  |  | $ | 210     |  |  | $ | 210     | 
|                       |  |  |  | Slo Cab Corp ##                                            |  | Term Loan                                             |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.31 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 203     |  |  | $ | 203     |  |  | $ | 203     | 
|                       |  |  |  | Esg Hacking Corp ##                                        |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,713   |  |  | $ | 1,713   |  |  | $ | 1,714   | 
|                       |  |  |  | Whispers Taxi Inc ## &                                     |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 2,026   |  |  | $ | 2,014   |  |  | $ | 1,531   | 
|                       |  |  |  | Christian Cab Corp &                                       |  | Term Loan                                             |  |                 | 11/27/12 |  |              |  | 11/27/18 |               |  |  | 1             |  |  |                  | 1  | % |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,489   |  |  | $ | 1,489   |  |  | $ | 1,493   | 
|                       |  |  |  | Junaid Trans Corp ## {Annually-Prime plus 1.00%}           |  | Term Loan                                             |  |                 | 04/30/13 |  |              |  | 04/29/19 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,409   |  |  | $ | 1,409   |  |  | $ | 1,409   | 
|                       |  |  |  | Ocean Hacking Corp ##                                      |  | Term Loan                                             |  |                 | 12/20/13 |  |              |  | 12/20/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,379   |  |  | $ | 1,379   |  |  | $ | 1,379   | 
|                       |  |  |  | Jacal Hacking Corp ##                                      |  | Term Loan                                             |  |                 | 12/20/13 |  |              |  | 12/20/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,379   |  |  | $ | 1,379   |  |  | $ | 1,379   | 
|                       |  |  |  | Avi Taxi Corporation ##                                    |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 04/11/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,366   |  |  | $ | 1,366   |  |  | $ | 1,366   | 
|                       |  |  |  | Apple Cab Corp ##                                          |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 04/11/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,366   |  |  | $ | 1,366   |  |  | $ | 1,366   | 
|                       |  |  |  | Anniversary Taxi Corp ##                                   |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 04/11/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,366   |  |  | $ | 1,366   |  |  | $ | 1,366   | 
|                       |  |  |  | Hj Taxi Corp ##                                            |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 04/11/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,366   |  |  | $ | 1,366   |  |  | $ | 1,366   | 
|                       |  |  |  | Kby Taxi Inc ##                                            |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 04/11/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,366   |  |  | $ | 1,366   |  |  | $ | 1,366   | 
|                       |  |  |  | Bunty & Jyoti Inc ##                                       |  | Term Loan                                             |  |                 | 03/13/13 |  |              |  | 12/13/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,336   |  |  | $ | 1,336   |  |  | $ | 1,336   | 
|                       |  |  |  | Penegali Taxi LLC ##                                       |  | Term Loan                                             |  |                 | 12/11/14 |  |              |  | 12/10/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,331   |  |  | $ | 1,331   |  |  | $ | 1,332   | 
|                       |  |  |  | Sonu-Seema Corp ##                                         |  | Term Loan                                             |  |                 | 12/07/12 |  |              |  | 12/20/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,313   |  |  | $ | 1,313   |  |  | $ | 1,313   | 
|                       |  |  |  | Uddin Taxi Corp ##                                         |  | Term Loan                                             |  |                 | 11/05/15 |  |              |  | 11/05/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,298   |  |  | $ | 1,297   |  |  | $ | 1,298   | 
|                       |  |  |  | Yosi Transit Inc ##                                        |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,018   |  |  | $ | 1,017   |  |  | $ | 1,018   | 
|                       |  |  |  | Yosi Transit Inc ##                                        |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 140     |  |  | $ | 140     |  |  | $ | 140     | 
|                       |  |  |  | Yosi Transit Inc ##                                        |  | Term Loan                                             |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.31 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 135     |  |  | $ | 135     |  |  | $ | 135     | 
|                       |  |  |  | Perem Hacking Corp ## {Annually-Prime plus .25%}           |  | Term Loan                                             |  |                 | 05/01/16 |  |              |  | 05/01/21 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  | $        | 1,276  |  |           | $ | 1,254   |  |  | $ | 1,254   |  |  | $ | 1,256   | 
|                       |  |  |  | S600 Service Co Inc ## {Annually-Prime plus .25%}          |  | Term Loan                                             |  |                 | 05/01/16 |  |              |  | 05/01/21 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  | $        | 1,276  |  |           | $ | 1,254   |  |  | $ | 1,254   |  |  | $ | 1,256   | 
|                       |  |  |  | Ela Papou LLC ##                                           |  | Term Loan                                             |  |                 | 06/27/14 |  |              |  | 06/27/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.63 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,236   |  |  | $ | 1,236   |  |  | $ | 1,236   | 
|                       |  |  |  | Concourse Cab Corp ## &                                    |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,245   |  |  | $ | 1,219   |  |  | $ | 1,220   | 
|                       |  |  |  | Earie Hacking LLC ##                                       |  | Term Loan                                             |  |                 | 12/28/15 |  |              |  | 12/28/20 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.60 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,215   |  |  | $ | 1,215   |  |  | $ | 1,217   | 
|                       |  |  |  | Cfn Cab Corp ##                                            |  | Term Loan                                             |  |                 | 02/26/14 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,201   |  |  | $ | 1,201   |  |  | $ | 1,202   | 
|                       |  |  |  | Miklos Hacking Corp ##                                     |  | Term Loan                                             |  |                 | 02/26/14 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,201   |  |  | $ | 1,201   |  |  | $ | 1,202   | 
|                       |  |  |  | Amme Taxi Inc ##                                           |  | Term Loan                                             |  |                 | 10/21/13 |  |              |  | 10/21/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.70 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,198   |  |  | $ | 1,198   |  |  | $ | 1,198   | 
|                       |  |  |  | Ride Yellow LLC ## &                                       |  | Term Loan                                             |  |                 | 02/01/13 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,184   |  |  | $ | 1,184   |  |  | $ | 1,184   | 
|                       |  |  |  | Ming Trans Corp ##                                         |  | Term Loan                                             |  |                 | 11/19/12 |  |              |  | 03/01/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.70 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,168   |  |  | $ | 1,168   |  |  | $ | 1,168   | 
|                       |  |  |  | Flow Taxi Corp ## {Annually-Prime plus .25%}               |  | Term Loan                                             |  |                 | 06/27/16 |  |              |  | 07/01/21 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  | $        | 1,142  |  |           | $ | 1,130   |  |  | $ | 1,130   |  |  | $ | 1,132   | 
|                       |  |  |  | Lil Amandachaka Hacking Corp ## {Annually-Prime plus .25%} |  | Term Loan                                             |  |                 | 06/27/16 |  |              |  | 07/01/21 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  | $        | 1,142  |  |           | $ | 1,130   |  |  | $ | 1,130   |  |  | $ | 1,132   | 
|                       |  |  |  | Ukraine Service Co ## {Annually-Prime plus .25%}           |  | Term Loan                                             |  |                 | 06/27/16 |  |              |  | 07/01/21 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  | $        | 1,142  |  |           | $ | 1,130   |  |  | $ | 1,130   |  |  | $ | 1,132   | 
|                       |  |  |  | Tosal Hacking Corp ##                                      |  | Term Loan                                             |  |                 | 04/01/13 |  |              |  | 11/01/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |        |  |           | $ | 1,072   |  |  | $ | 1,072   |  |  | $ | 1,072   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                                             |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |       |  |           |   |       |  |  |   |       |  |  |   |       | 
|---------------------- |  |  |  | ----------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | ----- |  | --------- | - | ----- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  |  |  | Obligor Name                                                |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |       |  | FairValue |  
|                       |  |  |  | Avilie Service Inc ## {Annually-Prime plus .25%}            |  | Term Loan                                             |  |                 | 02/11/13 |  |              |  | 03/01/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,069 |  |  | $ | 1,068 |  |  | $ | 1,069 | 
|                       |  |  |  | Red Army Cab Corp ## {Annually-Prime plus .25%}             |  | Term Loan                                             |  |                 | 06/27/16 |  |              |  | 07/01/21 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  | $        | 1,069 |  |           | $ | 1,056 |  |  | $ | 1,056 |  |  | $ | 1,058 | 
|                       |  |  |  | New Direction Cab Corp ##                                   |  | Term Loan                                             |  |                 | 11/18/11 |  |              |  | 11/18/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,044 |  |  | $ | 1,044 |  |  | $ | 1,044 | 
|                       |  |  |  | Big Ari Taxi Corp ## {Annually-Prime}                       |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,028 |  |  | $ | 1,027 |  |  | $ | 1,028 | 
|                       |  |  |  | Hamilton Transit LLC ## &                                   |  | Term Loan                                             |  |                 | 03/26/14 |  |              |  | 03/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.38 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,494 |  |  | $ | 1,484 |  |  | $ | 1,022 | 
|                       |  |  |  | Benson Hacking Corp ## &                                    |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,351 |  |  | $ | 1,344 |  |  | $ | 1,021 | 
|                       |  |  |  | D & G Taxi Inc ## &                                         |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 08/28/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,034 |  |  | $ | 1,034 |  |  | $ | 1,021 | 
|                       |  |  |  | Dayna Hacking Corp ## &                                     |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,351 |  |  | $ | 1,344 |  |  | $ | 1,021 | 
|                       |  |  |  | Daytona Hacking Corp ## &                                   |  | Term Loan                                             |  |                 | 03/26/14 |  |              |  | 03/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.38 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,488 |  |  | $ | 1,478 |  |  | $ | 1,021 | 
|                       |  |  |  | Devin Taxi Corp ## &                                        |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,351 |  |  | $ | 1,344 |  |  | $ | 1,021 | 
|                       |  |  |  | Kaderee M & G Corp ## &                                     |  | Term Loan                                             |  |                 | 03/26/14 |  |              |  | 03/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.38 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,488 |  |  | $ | 1,478 |  |  | $ | 1,021 | 
|                       |  |  |  | Rs Hacking Corp ## &                                        |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 08/28/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.35 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,042 |  |  | $ | 1,042 |  |  | $ | 1,021 | 
|                       |  |  |  | Silke Hacking Corp ## &                                     |  | Term Loan                                             |  |                 | 03/26/14 |  |              |  | 03/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.38 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,495 |  |  | $ | 1,485 |  |  | $ | 1,021 | 
|                       |  |  |  | Bellsky Taxi LLC ## {Annually-Prime}                        |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,021 |  |  | $ | 1,020 |  |  | $ | 1,021 | 
|                       |  |  |  | Jump Service Co Inc ## {Annually-Prime plus .25%}           |  | Term Loan                                             |  |                 | 02/11/13 |  |              |  | 03/01/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 993   |  |  | $ | 993   |  |  | $ | 993   | 
|                       |  |  |  | Gaultier Hacking Corp ##                                    |  | Term Loan                                             |  |                 | 08/27/12 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 975   |  |  | $ | 975   |  |  | $ | 975   | 
|                       |  |  |  | M.Y. Taxi Inc ## &                                          |  | Term Loan                                             |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 960   |  |  | $ | 960   |  |  | $ | 960   | 
|                       |  |  |  | Global Agami Cab LLC ## {Annually-Prime minus .375%}        |  | Term Loan                                             |  |                 | 02/27/13 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.13 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 951   |  |  | $ | 951   |  |  | $ | 951   | 
|                       |  |  |  | Planet Agami Cab LLC ## {Annually-Prime minus .375%}        |  | Term Loan                                             |  |                 | 02/27/13 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.13 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 951   |  |  | $ | 951   |  |  | $ | 951   | 
|                       |  |  |  | Universal Agami Transit Inc ## {Annually-Prime minus .375%} |  | Term Loan                                             |  |                 | 02/27/13 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.13 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 951   |  |  | $ | 951   |  |  | $ | 951   | 
|                       |  |  |  | Humidity Hacking Corp ##                                    |  | Term Loan                                             |  |                 | 03/07/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 949   |  |  | $ | 948   |  |  | $ | 950   | 
|                       |  |  |  | Nelsk Taxi Inc ##                                           |  | Term Loan                                             |  |                 | 08/20/13 |  |              |  | 08/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 937   |  |  | $ | 936   |  |  | $ | 937   | 
|                       |  |  |  | G Michael Cab Corp ##                                       |  | Term Loan                                             |  |                 | 09/14/15 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 911   |  |  | $ | 911   |  |  | $ | 912   | 
|                       |  |  |  | Hedy Hacking Corp. ##                                       |  | Term Loan                                             |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 882   |  |  | $ | 882   |  |  | $ | 885   | 
|                       |  |  |  | Nedrag Trans Corp ##                                        |  | Term Loan                                             |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 882   |  |  | $ | 882   |  |  | $ | 884   | 
|                       |  |  |  | Typhoon Hacking Corp ##                                     |  | Term Loan                                             |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 882   |  |  | $ | 882   |  |  | $ | 884   | 
|                       |  |  |  | Ikaria Taxi LLC ## &                                        |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 03/28/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,743 |  |  | $ | 1,733 |  |  | $ | 869   | 
|                       |  |  |  | Kos Taxi LLC ## &                                           |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 03/28/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,744 |  |  | $ | 1,734 |  |  | $ | 869   | 
|                       |  |  |  | Pontios Taxi LLC ## &                                       |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 03/28/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,744 |  |  | $ | 1,739 |  |  | $ | 869   | 
|                       |  |  |  | Sag Taxi LLC ## &                                           |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 03/28/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,738 |  |  | $ | 1,733 |  |  | $ | 869   | 
|                       |  |  |  | Lety Cab Corp ##                                            |  | Term Loan                                             |  |                 | 10/21/10 |  |              |  | 10/05/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 864   |  |  | $ | 864   |  |  | $ | 864   | 
|                       |  |  |  | Brigitte Cab Corp ##                                        |  | Term Loan                                             |  |                 | 09/14/15 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 846   |  |  | $ | 846   |  |  | $ | 847   | 
|                       |  |  |  | Btr Taxi Inc ##                                             |  | Term Loan                                             |  |                 | 06/16/14 |  |              |  | 06/16/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 843   |  |  | $ | 843   |  |  | $ | 843   | 
|                       |  |  |  | Go Boy Cab Corp ## {Annually-Prime plus 1.00%}              |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/10/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 838   |  |  | $ | 838   |  |  | $ | 838   | 
|                       |  |  |  | Holdem Cab Corp ## {Annually-Prime plus 1.00%}              |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/10/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 838   |  |  | $ | 838   |  |  | $ | 838   | 
|                       |  |  |  | Ash Trans Corp ##                                           |  | Term Loan                                             |  |                 | 09/14/15 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 807   |  |  | $ | 807   |  |  | $ | 808   | 
|                       |  |  |  | Ganz Express Cab Cor ##                                     |  | Term Loan                                             |  |                 | 09/14/15 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 793   |  |  | $ | 793   |  |  | $ | 794   | 
|                       |  |  |  | SamanthaS Cab Corp ##                                      |  | Term Loan                                             |  |                 | 09/14/15 |  |              |  | 09/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 774   |  |  | $ | 774   |  |  | $ | 775   | 
|                       |  |  |  | Garcha Randhawa Taxi Corp ## & {Annually-Prime plus 1.00%}  |  | Term Loan                                             |  |                 | 05/31/13 |  |              |  | 05/30/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 773   |  |  | $ | 773   |  |  | $ | 773   | 
|                       |  |  |  | Gur & Dev Taxi LLC                                          |  | Term Loan                                             |  |                 | 02/18/14 |  |              |  | 09/25/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 767   |  |  | $ | 767   |  |  | $ | 767   | 
|                       |  |  |  | Agape-Mou Cab Corp ##                                       |  | Term Loan                                             |  |                 | 02/17/12 |  |              |  | 02/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 766   |  |  | $ | 766   |  |  | $ | 766   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                                |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ---------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  |  |  | Obligor Name                                   |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Asterik Cab Co Inc ##                          |  | Term Loan                                             |  |                 | 02/17/12 |  |              |  | 02/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 766 |  |  | $ | 766 |  |  | $ | 766 | 
|                       |  |  |  | Copper One Cab Corp ##                         |  | Term Loan                                             |  |                 | 02/17/12 |  |              |  | 02/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 766 |  |  | $ | 766 |  |  | $ | 766 | 
|                       |  |  |  | Gurpreet Singh & Manpreet Sing ##              |  | Term Loan                                             |  |                 | 06/25/13 |  |              |  | 06/25/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 764 |  |  | $ | 764 |  |  | $ | 764 | 
|                       |  |  |  | 1212 Taxi LLC ## &                             |  | Term Loan                                             |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 750 |  |  | $ | 750 |  |  | $ | 750 | 
|                       |  |  |  | Zahav Taxi LLC ## &                            |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 750 |  |  | $ | 750 |  |  | $ | 750 | 
|                       |  |  |  | Zus Trading Inc ##                             |  | Term Loan                                             |  |                 | 08/09/13 |  |              |  | 07/27/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 750 |  |  | $ | 750 |  |  | $ | 750 | 
|                       |  |  |  | Danny Truong ##                                |  | Term Loan                                             |  |                 | 07/30/14 |  |              |  | 07/30/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 745 |  |  | $ | 745 |  |  | $ | 746 | 
|                       |  |  |  | Ghulam Abbas ##                                |  | Term Loan                                             |  |                 | 04/17/13 |  |              |  | 05/23/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 740 |  |  | $ | 740 |  |  | $ | 740 | 
|                       |  |  |  | Hot Wheels Taxi LLC ## &                       |  | Term Loan                                             |  |                 | 03/01/13 |  |              |  | 12/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 738 |  |  | $ | 738 |  |  | $ | 738 | 
|                       |  |  |  | Espiye Taxi Corp                               |  | Term Loan                                             |  |                 | 05/23/14 |  |              |  | 05/27/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 732 |  |  | $ | 732 |  |  | $ | 732 | 
|                       |  |  |  | Gilberto Barrera ## &                          |  | Term Loan                                             |  |                 | 04/02/14 |  |              |  | 04/02/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 729 |  |  | $ | 729 |  |  | $ | 729 | 
|                       |  |  |  | Alltaxitwo Cab Corp ## {Annually-Prime}        |  | Term Loan                                             |  |                 | 12/21/16 |  |              |  | 12/21/26 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  | $        | 726 |  |           | $ | 726 |  |  | $ | 726 |  |  | $ | 728 | 
|                       |  |  |  | Orys Trans Corp ## {Annually-Prime}            |  | Term Loan                                             |  |                 | 12/21/16 |  |              |  | 12/21/26 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  | $        | 726 |  |           | $ | 726 |  |  | $ | 726 |  |  | $ | 728 | 
|                       |  |  |  | Joseph Gerard Pierre ## &                      |  | Term Loan                                             |  |                 | 07/07/14 |  |              |  | 07/07/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 706 |  |  | $ | 706 |  |  | $ | 706 | 
|                       |  |  |  | Mandeep Multani & Ravinder Sin ##              |  | Term Loan                                             |  |                 | 03/19/14 |  |              |  | 12/23/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 704 |  |  | $ | 704 |  |  | $ | 704 | 
|                       |  |  |  | Rakesh Aggarwal & Jasvir Singh ##              |  | Term Loan                                             |  |                 | 05/07/14 |  |              |  | 05/07/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.85 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 702 |  |  | $ | 702 |  |  | $ | 702 | 
|                       |  |  |  | Jose F Pimentel ##                             |  | Term Loan                                             |  |                 | 05/14/14 |  |              |  | 05/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 694 |  |  | $ | 694 |  |  | $ | 695 | 
|                       |  |  |  | New Express Cab Corp ##                        |  | Term Loan                                             |  |                 | 03/31/15 |  |              |  | 03/30/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 695 |  |  | $ | 695 |  |  | $ | 695 | 
|                       |  |  |  | Carlos Govea ##                                |  | Term Loan                                             |  |                 | 06/05/14 |  |              |  | 06/05/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 694 |  |  | $ | 694 |  |  | $ | 694 | 
|                       |  |  |  | Ilker Altaygil ## &                            |  | Term Loan                                             |  |                 | 07/18/13 |  |              |  | 06/17/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 692 |  |  | $ | 692 |  |  | $ | 692 | 
|                       |  |  |  | Joseph R Jean ##                               |  | Term Loan                                             |  |                 | 04/15/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 686 |  |  | $ | 686 |  |  | $ | 686 | 
|                       |  |  |  | Leo P. Roland ##                               |  | Term Loan                                             |  |                 | 12/03/13 |  |              |  | 12/03/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 671 |  |  | $ | 671 |  |  | $ | 671 | 
|                       |  |  |  | Iddy Biddy Cab Corp ##                         |  | Term Loan                                             |  |                 | 10/09/15 |  |              |  | 10/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 668 |  |  | $ | 668 |  |  | $ | 669 | 
|                       |  |  |  | Jbob Hacking Corp ##                           |  | Term Loan                                             |  |                 | 10/09/15 |  |              |  | 10/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 668 |  |  | $ | 668 |  |  | $ | 669 | 
|                       |  |  |  | Kawarjeet Singh & Maan Singh ##                |  | Term Loan                                             |  |                 | 05/15/13 |  |              |  | 12/08/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 668 |  |  | $ | 668 |  |  | $ | 668 | 
|                       |  |  |  | Malcolm Hacking Corp ##                        |  | Term Loan                                             |  |                 | 08/05/15 |  |              |  | 08/05/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 667 |  |  | $ | 667 |  |  | $ | 668 | 
|                       |  |  |  | Oyaz Hacking Corp ##                           |  | Term Loan                                             |  |                 | 08/05/15 |  |              |  | 08/05/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 667 |  |  | $ | 667 |  |  | $ | 668 | 
|                       |  |  |  | Aminder Pal Singh ##                           |  | Term Loan                                             |  |                 | 11/21/13 |  |              |  | 11/21/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 665 |  |  | $ | 665 |  |  | $ | 665 | 
|                       |  |  |  | Avtar Singh ##                                 |  | Term Loan                                             |  |                 | 08/29/14 |  |              |  | 08/29/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 656 |  |  | $ | 656 |  |  | $ | 657 | 
|                       |  |  |  | Gilzian Enterprise LLC ##                      |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.88 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 656 |  |  | $ | 656 |  |  | $ | 656 | 
|                       |  |  |  | Yvon Louissaint ##                             |  | Term Loan                                             |  |                 | 02/20/14 |  |              |  | 02/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.88 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 650 |  |  | $ | 650 |  |  | $ | 650 | 
|                       |  |  |  | Balwinder Singh ##                             |  | Term Loan                                             |  |                 | 10/02/15 |  |              |  | 10/02/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 642 |  |  | $ | 642 |  |  | $ | 643 | 
|                       |  |  |  | Sukhdev Singh & Harpal S Bhola ##              |  | Term Loan                                             |  |                 | 12/04/13 |  |              |  | 12/04/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 643 |  |  | $ | 643 |  |  | $ | 643 | 
|                       |  |  |  | Preslert Louis ## &                            |  | Term Loan                                             |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 642 |  |  | $ | 642 |  |  | $ | 642 | 
|                       |  |  |  | Parvinder Singh ## {Annually-Prime plus 1.00%} |  | Term Loan                                             |  |                 | 08/13/13 |  |              |  | 08/13/21 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 639 |  |  | $ | 639 |  |  | $ | 639 | 
|                       |  |  |  | Bruce Schneider ## {Annually-Prime plus 1.00%} |  | Term Loan                                             |  |                 | 05/10/13 |  |              |  | 05/10/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 638 |  |  | $ | 638 |  |  | $ | 637 | 
|                       |  |  |  | Brunet Lucas ## &                              |  | Term Loan                                             |  |                 | 06/06/13 |  |              |  | 06/06/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 1.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 635 |  |  | $ | 635 |  |  | $ | 635 | 
|                       |  |  |  | Alexander Vizueta ## &                         |  | Term Loan                                             |  |                 | 04/01/14 |  |              |  | 09/01/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 634 |  |  | $ | 634 |  |  | $ | 634 | 
|                       |  |  |  | Shanu Miah ##                                  |  | Term Loan                                             |  |                 | 06/20/13 |  |              |  | 06/20/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 633 |  |  | $ | 633 |  |  | $ | 633 | 
|                       |  |  |  | Tripta Nfn & Jagdeep Kumar Cab                 |  | Term Loan                                             |  |                 | 11/12/14 |  |              |  | 11/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 631 |  |  | $ | 631 |  |  | $ | 633 | 
|                       |  |  |  | Kerolus Waheib Makhail                         |  | Term Loan                                             |  |                 | 12/27/12 |  |              |  | 12/08/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 630 |  |  | $ | 630 |  |  | $ | 630 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                             |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  |  |  | Obligor Name                                |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Shahdad Bhatti Cab Corp ## &                |  | Term Loan                                             |  |                 | 08/18/14 |  |              |  | 08/18/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.37 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 629 |  |  | $ | 629 |  |  | $ | 629 | 
|                       |  |  |  | Munir Ahmed Sahi ##                         |  | Term Loan                                             |  |                 | 08/13/15 |  |              |  | 08/13/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 623 |  |  | $ | 623 |  |  | $ | 624 | 
|                       |  |  |  | Donald Singh ## &                           |  | Term Loan                                             |  |                 | 10/11/13 |  |              |  | 10/11/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 622 |  |  | $ | 622 |  |  | $ | 622 | 
|                       |  |  |  | Jordan O Ohene ##                           |  | Term Loan                                             |  |                 | 05/24/13 |  |              |  | 05/02/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 613 |  |  | $ | 613 |  |  | $ | 613 | 
|                       |  |  |  | Charanjeet Kaur & Manjit Singh ##           |  | Term Loan                                             |  |                 | 10/28/13 |  |              |  | 10/28/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 604 |  |  | $ | 604 |  |  | $ | 604 | 
|                       |  |  |  | Jaswinder Singh/Note A ##                   |  | Term Loan                                             |  |                 | 04/27/16 |  |              |  | 04/27/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  | $        | 610 |  |           | $ | 600 |  |  | $ | 600 |  |  | $ | 602 | 
|                       |  |  |  | Spyridon Tzorzis ## &                       |  | Term Loan                                             |  |                 | 07/10/13 |  |              |  | 07/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 592 |  |  | $ | 592 |  |  | $ | 592 | 
|                       |  |  |  | Lesly Jeanjoseph ##                         |  | Term Loan                                             |  |                 | 05/08/13 |  |              |  | 05/16/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 591 |  |  | $ | 591 |  |  | $ | 591 | 
|                       |  |  |  | Aujla Cab Corp ##                           |  | Term Loan                                             |  |                 | 04/23/14 |  |              |  | 04/23/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 587 |  |  | $ | 587 |  |  | $ | 587 | 
|                       |  |  |  | Jasvir S Dhaliwal ##                        |  | Term Loan                                             |  |                 | 07/01/13 |  |              |  | 04/26/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 582 |  |  | $ | 582 |  |  | $ | 582 | 
|                       |  |  |  | Albro Hacking, Corp. ##                     |  | Term Loan                                             |  |                 | 07/10/14 |  |              |  | 07/10/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.63 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 581 |  |  | $ | 581 |  |  | $ | 581 | 
|                       |  |  |  | Marian Cab Corp ##                          |  | Term Loan                                             |  |                 | 06/19/12 |  |              |  | 06/19/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 581 |  |  | $ | 581 |  |  | $ | 581 | 
|                       |  |  |  | Joseph W Charles                            |  | Term Loan                                             |  |                 | 05/27/14 |  |              |  | 05/27/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.70 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 578 |  |  | $ | 580 |  |  | $ | 580 | 
|                       |  |  |  | Mohammed Hossen & Abrar Hanif ##            |  | Term Loan                                             |  |                 | 03/11/13 |  |              |  | 03/11/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 580 |  |  | $ | 580 |  |  | $ | 580 | 
|                       |  |  |  | Bliss Cab Corp ##                           |  | Term Loan                                             |  |                 | 10/21/10 |  |              |  | 10/05/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 576 |  |  | $ | 576 |  |  | $ | 576 | 
|                       |  |  |  | Anmol Usa LLC ## &                          |  | Term Loan                                             |  |                 | 10/01/14 |  |              |  | 09/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 575 |  |  | $ | 575 |  |  | $ | 575 | 
|                       |  |  |  | Marc C Bastien ## &                         |  | Term Loan                                             |  |                 | 04/11/13 |  |              |  | 05/24/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 575 |  |  | $ | 575 |  |  | $ | 575 | 
|                       |  |  |  | Turgut Duman ## &                           |  | Term Loan                                             |  |                 | 12/02/15 |  |              |  | 12/02/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 567 |  |  | $ | 567 |  |  | $ | 569 | 
|                       |  |  |  | Roudy Moliere &Jean B Letang ## &           |  | Term Loan                                             |  |                 | 01/15/16 |  |              |  | 01/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  | $        | 569 |  |           | $ | 565 |  |  | $ | 565 |  |  | $ | 566 | 
|                       |  |  |  | Man Singh ##                                |  | Term Loan                                             |  |                 | 02/25/13 |  |              |  | 02/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 564 |  |  | $ | 564 |  |  | $ | 564 | 
|                       |  |  |  | Manuel F Pena ## &                          |  | Term Loan                                             |  |                 | 11/26/13 |  |              |  | 10/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 561 |  |  | $ | 561 |  |  | $ | 561 | 
|                       |  |  |  | Sushil Maggoo ##                            |  | Term Loan                                             |  |                 | 12/09/15 |  |              |  | 12/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 559 |  |  | $ | 559 |  |  | $ | 561 | 
|                       |  |  |  | Oradeanul Taxi Corp ##                      |  | Term Loan                                             |  |                 | 01/30/13 |  |              |  | 02/01/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 560 |  |  | $ | 560 |  |  | $ | 560 | 
|                       |  |  |  | Tarek Elsaid ##                             |  | Term Loan                                             |  |                 | 05/12/14 |  |              |  | 05/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.63 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 557 |  |  | $ | 557 |  |  | $ | 557 | 
|                       |  |  |  | Mukhtiar Singh ##                           |  | Term Loan                                             |  |                 | 08/29/14 |  |              |  | 08/29/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 555 |  |  | $ | 555 |  |  | $ | 556 | 
|                       |  |  |  | Sphinx Rc LLC                               |  | Term Loan                                             |  |                 | 08/25/16 |  |              |  | 08/25/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  | $        | 558 |  |           | $ | 553 |  |  | $ | 553 |  |  | $ | 555 | 
|                       |  |  |  | Sukhdev Singh & Harpreet Singh ##           |  | Term Loan                                             |  |                 | 07/13/16 |  |              |  | 07/13/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  | $        | 558 |  |           | $ | 553 |  |  | $ | 553 |  |  | $ | 555 | 
|                       |  |  |  | Rose And Jean Service LLC ## &              |  | Term Loan                                             |  |                 | 06/15/16 |  |              |  | 06/15/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  | $        | 554 |  |           | $ | 552 |  |  | $ | 552 |  |  | $ | 554 | 
|                       |  |  |  | Humberto Ontaneda ##                        |  | Term Loan                                             |  |                 | 10/17/13 |  |              |  | 09/23/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 550 |  |  | $ | 550 |  |  | $ | 550 | 
|                       |  |  |  | K.R. Express Cab Corp ##                    |  | Term Loan                                             |  |                 | 10/29/15 |  |              |  | 10/29/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 549 |  |  | $ | 549 |  |  | $ | 550 | 
|                       |  |  |  | Mci Taxi Inc ##                             |  | Term Loan                                             |  |                 | 10/29/15 |  |              |  | 10/29/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 549 |  |  | $ | 549 |  |  | $ | 550 | 
|                       |  |  |  | Alexander A Malamud ##                      |  | Term Loan                                             |  |                 | 02/28/13 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 548 |  |  | $ | 548 |  |  | $ | 548 | 
|                       |  |  |  | Yves Bazile ##                              |  | Term Loan                                             |  |                 | 09/16/15 |  |              |  | 03/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 544 |  |  | $ | 544 |  |  | $ | 545 | 
|                       |  |  |  | Jean J Monteau ##                           |  | Term Loan                                             |  |                 | 12/06/12 |  |              |  | 06/07/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 538 |  |  | $ | 538 |  |  | $ | 538 | 
|                       |  |  |  | Gilbert Chong ##                            |  | Term Loan                                             |  |                 | 10/28/15 |  |              |  | 10/28/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 536 |  |  | $ | 536 |  |  | $ | 537 | 
|                       |  |  |  | Magloire David ##                           |  | Term Loan                                             |  |                 | 07/24/15 |  |              |  | 08/12/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 534 |  |  | $ | 534 |  |  | $ | 535 | 
|                       |  |  |  | Dani Taxi Inc/Mbank &                       |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 534 |  |  | $ | 534 |  |  | $ | 534 | 
|                       |  |  |  | Emad S Tadros ##                            |  | Term Loan                                             |  |                 | 05/18/16 |  |              |  | 05/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  | $        | 540 |  |           | $ | 532 |  |  | $ | 532 |  |  | $ | 534 | 
|                       |  |  |  | Rafi Mohammad ##                            |  | Term Loan                                             |  |                 | 02/27/13 |  |              |  | 02/03/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 533 |  |  | $ | 533 |  |  | $ | 533 | 
|                       |  |  |  | Newton Sodhi ## {Annually-Prime plus 1.00%} |  | Term Loan                                             |  |                 | 05/06/13 |  |              |  | 05/06/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 533 |  |  | $ | 533 |  |  | $ | 533 | 
|                       |  |  |  | Rafael A Pena ##                            |  | Term Loan                                             |  |                 | 09/18/13 |  |              |  | 08/29/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 526 |  |  | $ | 526 |  |  | $ | 526 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                            |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ------------------------------------------ |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  |  |  | Obligor Name                               |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Maria L Denocua ##                         |  | Term Loan                                             |  |                 | 09/17/15 |  |              |  | 09/17/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.40 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 523 |  |  | $ | 523 |  |  | $ | 524 | 
|                       |  |  |  | Amarjit Sangera ##                         |  | Term Loan                                             |  |                 | 11/18/15 |  |              |  | 05/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 519 |  |  | $ | 519 |  |  | $ | 520 | 
|                       |  |  |  | Sandeep Transport LLC ##                   |  | Term Loan                                             |  |                 | 06/23/16 |  |              |  | 06/23/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  | $        | 522 |  |           | $ | 518 |  |  | $ | 518 |  |  | $ | 520 | 
|                       |  |  |  | Fernande Paul Cab Corp ## {Annually-Prime} |  | Term Loan                                             |  |                 | 01/24/13 |  |              |  | 05/24/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 518 |  |  | $ | 518 |  |  | $ | 518 | 
|                       |  |  |  | Nycyellow LLC ##                           |  | Term Loan                                             |  |                 | 12/21/16 |  |              |  | 12/21/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  | $        | 512 |  |           | $ | 512 |  |  | $ | 512 |  |  | $ | 514 | 
|                       |  |  |  | Travis R Bazile & Jean Exinvil ##          |  | Term Loan                                             |  |                 | 10/21/15 |  |              |  | 10/21/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 512 |  |  | $ | 512 |  |  | $ | 513 | 
|                       |  |  |  | Luis E Perez ##                            |  | Term Loan                                             |  |                 | 03/19/14 |  |              |  | 03/19/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 512 |  |  | $ | 512 |  |  | $ | 512 | 
|                       |  |  |  | Nana K Adom ##                             |  | Term Loan                                             |  |                 | 10/05/15 |  |              |  | 04/05/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 496 |  |  | $ | 496 |  |  | $ | 497 | 
|                       |  |  |  | Amjad Abbas ##                             |  | Term Loan                                             |  |                 | 12/19/13 |  |              |  | 12/19/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.40 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 496 |  |  | $ | 496 |  |  | $ | 496 | 
|                       |  |  |  | Frantz Louhis & Joseph Paul ##             |  | Term Loan                                             |  |                 | 06/08/12 |  |              |  | 06/08/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 495 |  |  | $ | 495 |  |  | $ | 495 | 
|                       |  |  |  | Albert A Agyemang ##                       |  | Term Loan                                             |  |                 | 07/09/13 |  |              |  | 07/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 492 |  |  | $ | 492 |  |  | $ | 492 | 
|                       |  |  |  | Jaswinder K Sharma ##                      |  | Term Loan                                             |  |                 | 10/08/15 |  |              |  | 10/08/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 487 |  |  | $ | 487 |  |  | $ | 488 | 
|                       |  |  |  | Momar Diagne ##                            |  | Term Loan                                             |  |                 | 05/12/14 |  |              |  | 05/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 471 |  |  | $ | 471 |  |  | $ | 471 | 
|                       |  |  |  | Adil Lone ##                               |  | Term Loan                                             |  |                 | 09/10/15 |  |              |  | 09/10/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 468 |  |  | $ | 468 |  |  | $ | 469 | 
|                       |  |  |  | Ahmed Elsayed ## &                         |  | Term Loan                                             |  |                 | 11/22/13 |  |              |  | 11/22/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 469 |  |  | $ | 469 |  |  | $ | 469 | 
|                       |  |  |  | Gbcab LLC ## &                             |  | Term Loan                                             |  |                 | 08/19/15 |  |              |  | 08/19/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 647 |  |  | $ | 637 |  |  | $ | 467 | 
|                       |  |  |  | Gerardo Barrera ## &                       |  | Term Loan                                             |  |                 | 08/08/14 |  |              |  | 08/08/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 643 |  |  | $ | 630 |  |  | $ | 466 | 
|                       |  |  |  | Ghotra & Ghotra LLC &                      |  | Term Loan                                             |  |                 | 12/19/13 |  |              |  | 12/19/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 793 |  |  | $ | 780 |  |  | $ | 466 | 
|                       |  |  |  | Louis A Alphonse ## &                      |  | Term Loan                                             |  |                 | 02/21/13 |  |              |  | 02/18/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 466 |  |  | $ | 466 |  |  | $ | 466 | 
|                       |  |  |  | Anwar Khalifa ## &                         |  | Term Loan                                             |  |                 | 08/07/14 |  |              |  | 08/07/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 644 |  |  | $ | 644 |  |  | $ | 465 | 
|                       |  |  |  | Dominique Ismael ## &                      |  | Term Loan                                             |  |                 | 03/10/14 |  |              |  | 03/10/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.88 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 531 |  |  | $ | 517 |  |  | $ | 465 | 
|                       |  |  |  | Erwich Chery &                             |  | Term Loan                                             |  |                 | 09/29/14 |  |              |  | 09/27/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 542 |  |  | $ | 542 |  |  | $ | 465 | 
|                       |  |  |  | Guivarch Thimothe &                        |  | Term Loan                                             |  |                 | 09/19/12 |  |              |  | 09/07/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 587 |  |  | $ | 587 |  |  | $ | 465 | 
|                       |  |  |  | Jasvinder Chhoker + Dam Singh              |  | Term Loan                                             |  |                 | 11/10/11 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 465 |  |  | $ | 465 |  |  | $ | 465 | 
|                       |  |  |  | Joseph Paul Desir ## &                     |  | Term Loan                                             |  |                 | 07/28/14 |  |              |  | 08/30/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 647 |  |  | $ | 633 |  |  | $ | 465 | 
|                       |  |  |  | Alika Awan Trans Corp ## &                 |  | Term Loan                                             |  |                 | 09/04/13 |  |              |  | 09/04/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.85 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 734 |  |  | $ | 734 |  |  | $ | 464 | 
|                       |  |  |  | Arman And Mehtab Padda Taxi Co ## &        |  | Term Loan                                             |  |                 | 06/19/13 |  |              |  | 06/19/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.88 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 784 |  |  | $ | 772 |  |  | $ | 464 | 
|                       |  |  |  | Atef A Khalil &                            |  | Term Loan                                             |  |                 | 07/09/14 |  |              |  | 07/09/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.85 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 695 |  |  | $ | 695 |  |  | $ | 464 | 
|                       |  |  |  | Binh Pham ## &                             |  | Term Loan                                             |  |                 | 04/23/14 |  |              |  | 04/23/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 721 |  |  | $ | 717 |  |  | $ | 464 | 
|                       |  |  |  | Carmay Latendresse ## &                    |  | Term Loan                                             |  |                 | 05/19/14 |  |              |  | 11/09/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 705 |  |  | $ | 694 |  |  | $ | 464 | 
|                       |  |  |  | Dhuri And Barnala Cab Corp ## &            |  | Term Loan                                             |  |                 | 06/03/13 |  |              |  | 06/03/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.80 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 753 |  |  | $ | 750 |  |  | $ | 464 | 
|                       |  |  |  | Eli Parada ## &                            |  | Term Loan                                             |  |                 | 11/27/13 |  |              |  | 11/27/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.65 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 538 |  |  | $ | 538 |  |  | $ | 464 | 
|                       |  |  |  | Guy Merisier ## &                          |  | Term Loan                                             |  |                 | 07/25/14 |  |              |  | 07/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 568 |  |  | $ | 568 |  |  | $ | 464 | 
|                       |  |  |  | Harold Torres ##                           |  | Term Loan                                             |  |                 | 02/25/16 |  |              |  | 02/25/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  | $        | 471 |  |           | $ | 463 |  |  | $ | 463 |  |  | $ | 464 | 
|                       |  |  |  | Haroon Sharif ## &                         |  | Term Loan                                             |  |                 | 05/21/13 |  |              |  | 05/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 748 |  |  | $ | 748 |  |  | $ | 464 | 
|                       |  |  |  | Joseph L Flovel ## &                       |  | Term Loan                                             |  |                 | 10/31/13 |  |              |  | 10/30/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 628 |  |  | $ | 628 |  |  | $ | 464 | 
|                       |  |  |  | Mian Cab Corp ## &                         |  | Term Loan                                             |  |                 | 01/21/14 |  |              |  | 01/21/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 590 |  |  | $ | 590 |  |  | $ | 464 | 
|                       |  |  |  | Samiullah Zaman ## &                       |  | Term Loan                                             |  |                 | 04/07/14 |  |              |  | 04/07/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 729 |  |  | $ | 724 |  |  | $ | 464 | 
|                       |  |  |  | Samy Baddar ## &                           |  | Term Loan                                             |  |                 | 07/18/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 711 |  |  | $ | 689 |  |  | $ | 464 | 
|                       |  |  |  | Strivers Way Inc ## &                      |  | Term Loan                                             |  |                 | 12/17/13 |  |              |  | 12/17/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.85 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 666 |  |  | $ | 651 |  |  | $ | 464 | 
|                       |  |  |  | Tamimu Aliu ## &                           |  | Term Loan                                             |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 534 |  |  | $ | 534 |  |  | $ | 464 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                                   |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  |  |  | Obligor Name                                      |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Amr Aly Shafshak &                                |  | Term Loan                                             |  |                 | 11/04/13 |  |              |  | 06/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 707 |  |  | $ | 700 |  |  | $ | 463 | 
|                       |  |  |  | Avner Ben-Levy ## &                               |  | Term Loan                                             |  |                 | 05/29/12 |  |              |  | 05/28/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 483 |  |  | $ | 466 |  |  | $ | 463 | 
|                       |  |  |  | Frands Fequiere ## &                              |  | Term Loan                                             |  |                 | 01/20/16 |  |              |  | 01/20/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  | $        | 464 |  |           | $ | 461 |  |  | $ | 461 |  |  | $ | 462 | 
|                       |  |  |  | Eustache Romain ## &                              |  | Term Loan                                             |  |                 | 02/26/13 |  |              |  | 04/06/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 460 |  |  | $ | 460 |  |  | $ | 460 | 
|                       |  |  |  | M Irshad Chaudhry & Mhd Ramzan ##                 |  | Term Loan                                             |  |                 | 03/21/11 |  |              |  | 03/21/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 457 |  |  | $ | 457 |  |  | $ | 457 | 
|                       |  |  |  | Joseph Jean ##                                    |  | Term Loan                                             |  |                 | 03/14/12 |  |              |  | 02/10/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 452 |  |  | $ | 452 |  |  | $ | 452 | 
|                       |  |  |  | I&I Cab Corp ##                                   |  | Term Loan                                             |  |                 | 03/19/13 |  |              |  | 02/09/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 449 |  |  | $ | 449 |  |  | $ | 449 | 
|                       |  |  |  | Shubal C Ghose ##                                 |  | Term Loan                                             |  |                 | 03/20/15 |  |              |  | 03/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 444 |  |  | $ | 444 |  |  | $ | 444 | 
|                       |  |  |  | W.B.L.S Taxi Inc ## &                             |  | Term Loan                                             |  |                 | 08/09/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 444 |  |  | $ | 444 |  |  | $ | 444 | 
|                       |  |  |  | Mohammad Azhar ##                                 |  | Term Loan                                             |  |                 | 02/24/14 |  |              |  | 02/24/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 439 |  |  | $ | 439 |  |  | $ | 439 | 
|                       |  |  |  | Rahul Amin ##                                     |  | Term Loan                                             |  |                 | 06/11/14 |  |              |  | 06/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.63 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 431 |  |  | $ | 431 |  |  | $ | 431 | 
|                       |  |  |  | M&J Taxi Inc ## &                                 |  | Term Loan                                             |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 422 |  |  | $ | 422 |  |  | $ | 422 | 
|                       |  |  |  | Maya Taxi Inc ## &                                |  | Term Loan                                             |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 422 |  |  | $ | 422 |  |  | $ | 422 | 
|                       |  |  |  | Mtr Taxi Inc ## &                                 |  | Term Loan                                             |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 422 |  |  | $ | 422 |  |  | $ | 422 | 
|                       |  |  |  | Neomi & Z Taxi Inc ## &                           |  | Term Loan                                             |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 422 |  |  | $ | 422 |  |  | $ | 422 | 
|                       |  |  |  | Saba Moshe Taxi Inc ## &                          |  | Term Loan                                             |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 422 |  |  | $ | 422 |  |  | $ | 422 | 
|                       |  |  |  | Gustavo E Cabrejos ##                             |  | Term Loan                                             |  |                 | 10/07/15 |  |              |  | 04/07/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 416 |  |  | $ | 416 |  |  | $ | 417 | 
|                       |  |  |  | Lelio Bresier & Jeanne Bresier ##                 |  | Term Loan                                             |  |                 | 03/06/13 |  |              |  | 04/08/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 417 |  |  | $ | 417 |  |  | $ | 417 | 
|                       |  |  |  | Mokbul Choudhury ##                               |  | Term Loan                                             |  |                 | 08/25/14 |  |              |  | 08/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 410 |  |  | $ | 410 |  |  | $ | 411 | 
|                       |  |  |  | Santokh Bangay ##                                 |  | Term Loan                                             |  |                 | 12/10/12 |  |              |  | 05/23/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 406 |  |  | $ | 406 |  |  | $ | 406 | 
|                       |  |  |  | Dady Hamel ##                                     |  | Term Loan                                             |  |                 | 12/26/13 |  |              |  | 12/26/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 402 |  |  | $ | 402 |  |  | $ | 402 | 
|                       |  |  |  | Verity Taxi Inc ##                                |  | Term Loan                                             |  |                 | 02/08/13 |  |              |  | 02/08/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.60 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 400 |  |  | $ | 400 |  |  | $ | 400 | 
|                       |  |  |  | Y Joey Taxi Inc ## &                              |  | Term Loan                                             |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 400 |  |  | $ | 400 |  |  | $ | 400 | 
|                       |  |  |  | Sweeney And Sweeney ##                            |  | Term Loan                                             |  |                 | 09/29/15 |  |              |  | 03/28/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 398 |  |  | $ | 398 |  |  | $ | 398 | 
|                       |  |  |  | David Mashkabov ##                                |  | Term Loan                                             |  |                 | 10/26/11 |  |              |  | 10/24/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 394 |  |  | $ | 394 |  |  | $ | 394 | 
|                       |  |  |  | Senoz Cab Corp &                                  |  | Term Loan                                             |  |                 | 05/23/14 |  |              |  | 05/23/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 748 |  |  | $ | 729 |  |  | $ | 394 | 
|                       |  |  |  | Amr & Rina Taxi Inc &                             |  | Term Loan                                             |  |                 | 07/15/13 |  |              |  | 06/26/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 667 |  |  | $ | 667 |  |  | $ | 393 | 
|                       |  |  |  | Eugenio & Ayodele Trans Corp &                    |  | Term Loan                                             |  |                 | 09/26/13 |  |              |  | 09/26/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 665 |  |  | $ | 657 |  |  | $ | 393 | 
|                       |  |  |  | Jacob Kuruvilla ##                                |  | Term Loan                                             |  |                 | 11/11/09 |  |              |  | 12/05/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 387 |  |  | $ | 387 |  |  | $ | 387 | 
|                       |  |  |  | Carlot Dalce ##                                   |  | Term Loan                                             |  |                 | 07/09/13 |  |              |  | 07/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 385 |  |  | $ | 385 |  |  | $ | 385 | 
|                       |  |  |  | L&A Tarafdar Taxi Inc {Annually-Prime plus 1.00%} |  | Term Loan                                             |  |                 | 05/24/16 |  |              |  | 05/24/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  | $        | 380 |  |           | $ | 376 |  |  | $ | 376 |  |  | $ | 378 | 
|                       |  |  |  | Melimajua Cab Corp ##                             |  | Term Loan                                             |  |                 | 10/14/14 |  |              |  | 10/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 376 |  |  | $ | 376 |  |  | $ | 377 | 
|                       |  |  |  | Daca Taxi Inc ##                                  |  | Term Loan                                             |  |                 | 06/02/11 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.68 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 376 |  |  | $ | 376 |  |  | $ | 376 | 
|                       |  |  |  | Pierre Jeune ##                                   |  | Term Loan                                             |  |                 | 12/14/12 |  |              |  | 06/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 374 |  |  | $ | 374 |  |  | $ | 374 | 
|                       |  |  |  | Pierre Cadet ##                                   |  | Term Loan                                             |  |                 | 03/19/13 |  |              |  | 03/19/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 368 |  |  | $ | 368 |  |  | $ | 368 | 
|                       |  |  |  | Chuhar Singh ##                                   |  | Term Loan                                             |  |                 | 06/06/13 |  |              |  | 06/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 366 |  |  | $ | 366 |  |  | $ | 366 | 
|                       |  |  |  | Eduard Neyman                                     |  | Term Loan                                             |  |                 | 05/24/13 |  |              |  | 05/24/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 361 |  |  | $ | 361 |  |  | $ | 362 | 
|                       |  |  |  | Yberto Santana ##                                 |  | Term Loan                                             |  |                 | 02/27/14 |  |              |  | 02/27/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 362 |  |  | $ | 362 |  |  | $ | 362 | 
|                       |  |  |  | Bucur Express Cab Corp ##                         |  | Term Loan                                             |  |                 | 06/02/11 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.68 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 361 |  |  | $ | 361 |  |  | $ | 361 | 
|                       |  |  |  | Shah M Rahman ##                                  |  | Term Loan                                             |  |                 | 11/25/13 |  |              |  | 11/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 356 |  |  | $ | 356 |  |  | $ | 356 | 
|                       |  |  |  | Sincere Cab Corp ##                               |  | Term Loan                                             |  |                 | 06/21/11 |  |              |  | 06/21/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 360 |  |  | $ | 360 |  |  | $ | 356 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                                     |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | --------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  |  |  | Obligor Name                                        |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Anthony Okyere Duah ##                              |  | Term Loan                                             |  |                 | 06/10/11 |  |              |  | 06/10/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.63 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 351 |  |  | $ | 351 |  |  | $ | 351 | 
|                       |  |  |  | Wai Tat Louie                                       |  | Term Loan                                             |  |                 | 05/07/15 |  |              |  | 05/07/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 348 |  |  | $ | 348 |  |  | $ | 348 | 
|                       |  |  |  | Serge Bonny ##                                      |  | Term Loan                                             |  |                 | 03/11/13 |  |              |  | 03/14/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 347 |  |  | $ | 347 |  |  | $ | 347 | 
|                       |  |  |  | Double Cab Corp ##                                  |  | Term Loan                                             |  |                 | 07/13/12 |  |              |  | 06/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 338 |  |  | $ | 338 |  |  | $ | 338 | 
|                       |  |  |  | Malkit Singh ##                                     |  | Term Loan                                             |  |                 | 07/16/15 |  |              |  | 01/16/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 332 |  |  | $ | 332 |  |  | $ | 333 | 
|                       |  |  |  | Rehmet Khan ##                                      |  | Term Loan                                             |  |                 | 03/11/15 |  |              |  | 03/11/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 331 |  |  | $ | 331 |  |  | $ | 331 | 
|                       |  |  |  | Essa & Soliman Transit Inc ##                       |  | Term Loan                                             |  |                 | 04/19/13 |  |              |  | 03/08/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 329 |  |  | $ | 329 |  |  | $ | 329 | 
|                       |  |  |  | Jasvir Singh                                        |  | Term Loan                                             |  |                 | 11/27/12 |  |              |  | 11/27/22 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 322 |  |  | $ | 322 |  |  | $ | 325 | 
|                       |  |  |  | Surjit Singh ##                                     |  | Term Loan                                             |  |                 | 10/25/13 |  |              |  | 10/25/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.80 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 321 |  |  | $ | 321 |  |  | $ | 322 | 
|                       |  |  |  | Georges Desrosiers ##                               |  | Term Loan                                             |  |                 | 07/23/14 |  |              |  | 07/23/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 310 |  |  | $ | 310 |  |  | $ | 310 | 
|                       |  |  |  | Bj Cab Corp/Note 1 Of 2 {Annually-Prime plus 1.00%} |  | Term Loan                                             |  |                 | 06/12/13 |  |              |  | 09/12/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 297 |  |  | $ | 297 |  |  | $ | 297 | 
|                       |  |  |  | Bj Cab Corp/Note 2 Of 2 {Annually-Prime plus 1.00%} |  | Term Loan                                             |  |                 | 06/12/13 |  |              |  | 09/12/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 297 |  |  | $ | 297 |  |  | $ | 297 | 
|                       |  |  |  | Joubert Toussaint ##                                |  | Term Loan                                             |  |                 | 03/09/15 |  |              |  | 03/09/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 293 |  |  | $ | 293 |  |  | $ | 293 | 
|                       |  |  |  | Aem Transportation Corp ##                          |  | Term Loan                                             |  |                 | 01/26/15 |  |              |  | 01/26/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 287 |  |  | $ | 287 |  |  | $ | 288 | 
|                       |  |  |  | Macbak Trans Corp ##                                |  | Term Loan                                             |  |                 | 01/26/15 |  |              |  | 01/26/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 287 |  |  | $ | 287 |  |  | $ | 288 | 
|                       |  |  |  | Micdavid Hacking Corp ##                            |  | Term Loan                                             |  |                 | 01/26/15 |  |              |  | 01/26/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 287 |  |  | $ | 287 |  |  | $ | 288 | 
|                       |  |  |  | Musa Corp ##                                        |  | Term Loan                                             |  |                 | 01/26/15 |  |              |  | 01/26/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 287 |  |  | $ | 287 |  |  | $ | 288 | 
|                       |  |  |  | Cleopatra Cab Corp ## {Annually-Prime}              |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 10/01/21 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 284 |  |  | $ | 284 |  |  | $ | 284 | 
|                       |  |  |  | Crossbow Taxi Inc ## {Annually-Prime}               |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 10/01/21 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 284 |  |  | $ | 284 |  |  | $ | 284 | 
|                       |  |  |  | King D Taxi Inc ## {Annually-Prime}               |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 10/01/21 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 284 |  |  | $ | 284 |  |  | $ | 284 | 
|                       |  |  |  | King Verin Taxi Inc ## {Annually-Prime}             |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 10/01/21 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 284 |  |  | $ | 284 |  |  | $ | 284 | 
|                       |  |  |  | Petia Cab Corporation ## {Annually-Prime}           |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 10/01/21 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 284 |  |  | $ | 284 |  |  | $ | 284 | 
|                       |  |  |  | Elsayed A Hassan ##                                 |  | Term Loan                                             |  |                 | 11/28/11 |  |              |  | 11/21/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 278 |  |  | $ | 278 |  |  | $ | 278 | 
|                       |  |  |  | Jean B Guerrier ##                                  |  | Term Loan                                             |  |                 | 08/08/12 |  |              |  | 08/10/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 275 |  |  | $ | 275 |  |  | $ | 275 | 
|                       |  |  |  | Kornos Taxi Inc ##                                  |  | Term Loan                                             |  |                 | 09/04/12 |  |              |  | 09/04/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 270 |  |  | $ | 270 |  |  | $ | 270 | 
|                       |  |  |  | Anba Taxi Inc ##                                    |  | Term Loan                                             |  |                 | 06/21/11 |  |              |  | 06/21/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 270 |  |  | $ | 270 |  |  | $ | 267 | 
|                       |  |  |  | Corsi Cab Corp ##                                   |  | Term Loan                                             |  |                 | 06/21/11 |  |              |  | 06/21/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 270 |  |  | $ | 270 |  |  | $ | 267 | 
|                       |  |  |  | Zorro Taxi Inc ##                                   |  | Term Loan                                             |  |                 | 12/20/13 |  |              |  | 12/20/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 260 |  |  | $ | 260 |  |  | $ | 260 | 
|                       |  |  |  | Platform Taxi Service/Mbank                         |  | Term Loan                                             |  |                 | 05/04/12 |  |              |  | 05/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.57 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 258 |  |  | $ | 258 |  |  | $ | 258 | 
|                       |  |  |  | Birk Cab Corp/Note 1 ## &                           |  | Term Loan                                             |  |                 | 03/11/15 |  |              |  | 05/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 358 |  |  | $ | 348 |  |  | $ | 251 | 
|                       |  |  |  | Kesef Taxi Inc/Mbank &                              |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 250 |  |  | $ | 250 |  |  | $ | 250 | 
|                       |  |  |  | Mohammmed H Iqbal ##                                |  | Term Loan                                             |  |                 | 09/14/12 |  |              |  | 03/11/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 243 |  |  | $ | 243 |  |  | $ | 243 | 
|                       |  |  |  | Birk Cab Corp/Note 2 ## &                           |  | Term Loan                                             |  |                 | 03/11/15 |  |              |  | 05/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 308 |  |  | $ | 299 |  |  | $ | 216 | 
|                       |  |  |  | Daniel Victor ##                                    |  | Term Loan                                             |  |                 | 05/09/16 |  |              |  | 05/09/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  | $        | 214 |  |           | $ | 210 |  |  | $ | 210 |  |  | $ | 212 | 
|                       |  |  |  | Ede Service Corp ##                                 |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 210 |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  |  |  | Ede Service Corp                                    |  | Term Loan                                             |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.31 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 203 |  |  | $ | 203 |  |  | $ | 203 | 
|                       |  |  |  | Frank Nobile ##                                     |  | Term Loan                                             |  |                 | 11/26/12 |  |              |  | 11/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 190 |  |  | $ | 190 |  |  | $ | 191 | 
|                       |  |  |  | Lissade Aurelus ## {Annually-Prime plus 1.00%}      |  | Term Loan                                             |  |                 | 05/01/13 |  |              |  | 05/03/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 190 |  |  | $ | 190 |  |  | $ | 190 | 
|                       |  |  |  | Jackie L Chaiken ##                                 |  | Term Loan                                             |  |                 | 09/20/16 |  |              |  | 03/26/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  | $        | 183 |  |           | $ | 180 |  |  | $ | 180 |  |  | $ | 182 | 
|                       |  |  |  | Valeri AminovNote 1                                |  | Term Loan                                             |  |                 | 02/25/15 |  |              |  | 02/25/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 175 |  |  | $ | 175 |  |  | $ | 176 | 
|                       |  |  |  | Mohammad Ashraf Ali ##                              |  | Term Loan                                             |  |                 | 01/17/12 |  |              |  | 01/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 166 |  |  | $ | 166 |  |  | $ | 166 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                                  |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ------------------------------------------------ |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  |  |  | Obligor Name                                     |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Wan Sang Lau & Mary Quan Lau ##                  |  | Term Loan                                             |  |                 | 03/18/16 |  |              |  | 03/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  | $        | 164 |  |           | $ | 152 |  |  | $ | 152 |  |  | $ | 153 | 
|                       |  |  |  | Ede Service Corp/Mfun                            |  | Term Loan                                             |  |                 | 07/24/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 151 |  |  | $ | 151 |  |  | $ | 151 | 
|                       |  |  |  | Jo & Dimi LLC ##                                 |  | Term Loan                                             |  |                 | 09/17/15 |  |              |  | 09/17/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 140 |  |  | $ | 140 |  |  | $ | 141 | 
|                       |  |  |  | Ny Diploma Taxi Co ##                            |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 140 |  |  | $ | 140 |  |  | $ | 140 | 
|                       |  |  |  | Ny Diploma Taxi Co                               |  | Term Loan                                             |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.31 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 135 |  |  | $ | 135 |  |  | $ | 135 | 
|                       |  |  |  | Paros Taxi LLC &                                 |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 03/28/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 285 |  |  | $ | 275 |  |  | $ | 135 | 
|                       |  |  |  | Sofi Hacking Corp ##                             |  | Term Loan                                             |  |                 | 05/11/15 |  |              |  | 05/11/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 125 |  |  | $ | 125 |  |  | $ | 126 | 
|                       |  |  |  | Mk Multani/B Note                                |  | Term Loan                                             |  |                 | 04/13/15 |  |              |  | 04/13/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 125 |  |  | $ | 125 |  |  | $ | 125 | 
|                       |  |  |  | Joseph Bologna ## {Annually-Prime plus 1.00%}    |  | Term Loan                                             |  |                 | 10/06/10 |  |              |  | 09/29/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 125 |  |  | $ | 125 |  |  | $ | 125 | 
|                       |  |  |  | Roman Fermin ##                                  |  | Term Loan                                             |  |                 | 08/09/13 |  |              |  | 07/29/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 124 |  |  | $ | 124 |  |  | $ | 124 | 
|                       |  |  |  | Sunu Miah And M Jahangi/Mbnk                     |  | Term Loan                                             |  |                 | 05/12/14 |  |              |  | 08/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 108 |  |  | $ | 108 |  |  | $ | 109 | 
|                       |  |  |  | Jeffrey Hacking Corp/Mbnk                        |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 102 |  |  | $ | 102 |  |  | $ | 102 | 
|                       |  |  |  | Mama Of 5 Hacking Corp/Mbnk                      |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 102 |  |  | $ | 102 |  |  | $ | 102 | 
|                       |  |  |  | Papa Of 5 Hacking Corp/Mbnk                      |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 102 |  |  | $ | 102 |  |  | $ | 102 | 
|                       |  |  |  | Tlg Hacking Corp/Mbnk                            |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 102 |  |  | $ | 102 |  |  | $ | 102 | 
|                       |  |  |  | Ny Diploma Taxi Corp/Mfun                        |  | Term Loan                                             |  |                 | 07/24/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 101 |  |  | $ | 101 |  |  | $ | 101 | 
|                       |  |  |  | Valeri AminovNote 1                             |  | Term Loan                                             |  |                 | 02/25/15 |  |              |  | 02/25/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 98  |  |  | $ | 98  |  |  | $ | 99  | 
|                       |  |  |  | Nicolae Blidariu                                 |  | Term Loan                                             |  |                 | 02/29/08 |  |              |  | 02/28/23 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 93  |  |  | $ | 93  |  |  | $ | 93  | 
|                       |  |  |  | Abdul H Abid ##                                  |  | Term Loan                                             |  |                 | 04/24/14 |  |              |  | 04/24/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 91  |  |  | $ | 91  |  |  | $ | 92  | 
|                       |  |  |  | D&P Baidwan LLC/Mbnk                             |  | Term Loan                                             |  |                 | 05/20/14 |  |              |  | 05/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.61 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 88  |  |  | $ | 88  |  |  | $ | 88  | 
|                       |  |  |  | Jaswinder Singh/Note B                           |  | Term Loan                                             |  |                 | 04/27/16 |  |              |  | 04/27/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  | $        | 84  |  |           | $ | 84  |  |  | $ | 84  |  |  | $ | 86  | 
|                       |  |  |  | Arjun & Simran LLC/Mbnk                          |  | Term Loan                                             |  |                 | 05/21/14 |  |              |  | 05/21/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 78  |  |  | $ | 78  |  |  | $ | 78  | 
|                       |  |  |  | Gni Taxi LLC                                     |  | Term Loan                                             |  |                 | 06/09/14 |  |              |  | 05/15/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 78  |  |  | $ | 78  |  |  | $ | 78  | 
|                       |  |  |  | Hargobind Taxi LLC/Mbnk                          |  | Term Loan                                             |  |                 | 05/23/14 |  |              |  | 05/23/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.06 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 78  |  |  | $ | 78  |  |  | $ | 78  | 
|                       |  |  |  | Pj Moe LLC/Mbnk                                  |  | Term Loan                                             |  |                 | 07/08/14 |  |              |  | 07/08/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 8.44 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 75  |  |  | $ | 75  |  |  | $ | 76  | 
|                       |  |  |  | Bu Taxi LLC/Mbank &                              |  | Term Loan                                             |  |                 | 12/29/10 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 75  |  |  | $ | 75  |  |  | $ | 75  | 
|                       |  |  |  | Kero Taxi Corp/Mbnk                              |  | Term Loan                                             |  |                 | 05/30/14 |  |              |  | 05/30/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 8.19 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 75  |  |  | $ | 75  |  |  | $ | 75  | 
|                       |  |  |  | Mode Service Corp                                |  | Term Loan                                             |  |                 | 06/02/11 |  |              |  | 06/01/21 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 74  |  |  | $ | 74  |  |  | $ | 74  | 
|                       |  |  |  | Ede Service Corp                                 |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 69  |  |  | $ | 69  |  |  | $ | 69  | 
|                       |  |  |  | Jean Pierre Trans Inc                            |  | Term Loan                                             |  |                 | 02/26/14 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 65  |  |  | $ | 65  |  |  | $ | 66  | 
|                       |  |  |  | Eddy Joseph                                      |  | Term Loan                                             |  |                 | 02/02/15 |  |              |  | 02/02/22 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 62  |  |  | $ | 62  |  |  | $ | 64  | 
|                       |  |  |  | Davinder Singh/Mbnk                              |  | Term Loan                                             |  |                 | 04/23/14 |  |              |  | 04/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 8.58 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 61  |  |  | $ | 61  |  |  | $ | 61  | 
|                       |  |  |  | Tyme Cab Corp                                    |  | Term Loan                                             |  |                 | 06/26/14 |  |              |  | 06/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.60 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 61  |  |  | $ | 61  |  |  | $ | 61  | 
|                       |  |  |  | Y Mommy Taxi Inc/Mbank &                         |  | Term Loan                                             |  |                 | 12/23/10 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 60  |  |  | $ | 60  |  |  | $ | 60  | 
|                       |  |  |  | Chahal & Nahal LLC                               |  | Term Loan                                             |  |                 | 04/21/14 |  |              |  | 04/21/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 58  |  |  | $ | 58  |  |  | $ | 58  | 
|                       |  |  |  | Ruckman Hacking Corp {Annually-Prime plus .25%}  |  | Term Loan                                             |  |                 | 08/30/13 |  |              |  | 03/01/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 58  |  |  | $ | 58  |  |  | $ | 58  | 
|                       |  |  |  | Sonnet Service Co Inc {Annually-Prime plus .25%} |  | Term Loan                                             |  |                 | 08/30/13 |  |              |  | 03/01/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 58  |  |  | $ | 58  |  |  | $ | 58  | 
|                       |  |  |  | Goodspeed Transit Inc {Annually-Prime plus .50%} |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 56  |  |  | $ | 56  |  |  | $ | 56  | 
|                       |  |  |  | Cora Hacking Corp                                |  | Term Loan                                             |  |                 | 03/07/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 53  |  |  | $ | 53  |  |  | $ | 54  | 
|                       |  |  |  | Granny Hacking Corp                              |  | Term Loan                                             |  |                 | 03/07/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 53  |  |  | $ | 53  |  |  | $ | 54  | 
|                       |  |  |  | William G Ward ##                                |  | Term Loan                                             |  |                 | 04/29/13 |  |              |  | 04/26/21 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 54  |  |  | $ | 54  |  |  | $ | 54  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                                     |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |    |  |           |   |    |  |  |   |    |  |  |   |    | 
|---------------------- |  |  |  | --------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | -- |  | --------- | - | -- |  |  | - | -- |  |  | - | -- | 
|(Dollars in thousands) |  |  |  | Obligor Name                                        |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |    |  | FairValue |  
|                       |  |  |  | Y Daddy Taxi Inc/Mbank &                            |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 54 |  |  | $ | 54 |  |  | $ | 54 | 
|                       |  |  |  | Appoint Cab Corp/Mbank                              |  | Term Loan                                             |  |                 | 12/06/10 |  |              |  | 06/06/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.62 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 53 |  |  | $ | 53 |  |  | $ | 53 | 
|                       |  |  |  | Soho Cab Corp &                                     |  | Term Loan                                             |  |                 | 02/11/14 |  |              |  | 02/11/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.38 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 86 |  |  | $ | 76 |  |  | $ | 53 | 
|                       |  |  |  | Ptah Cab Corp {Annually-Prime minus .25%}           |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 50 |  |  | $ | 50 |  |  | $ | 50 | 
|                       |  |  |  | Salih Boncukcu/Mbnk                                 |  | Term Loan                                             |  |                 | 06/18/14 |  |              |  | 06/18/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 8.96 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 48 |  |  | $ | 48 |  |  | $ | 49 | 
|                       |  |  |  | Ar Rahman Express Cab Corp/Mbn                      |  | Term Loan                                             |  |                 | 06/17/14 |  |              |  | 06/17/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 8.71 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 47 |  |  | $ | 47 |  |  | $ | 48 | 
|                       |  |  |  | Network Agami Cab Corp {Annually-Prime minus .375%} |  | Term Loan                                             |  |                 | 02/27/13 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.13 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 48 |  |  | $ | 48 |  |  | $ | 48 | 
|                       |  |  |  | Rrc Express Corp/Mbnk                               |  | Term Loan                                             |  |                 | 05/14/14 |  |              |  | 05/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 8.71 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 46 |  |  | $ | 46 |  |  | $ | 47 | 
|                       |  |  |  | Jagjit Singh/Mbnk                                   |  | Term Loan                                             |  |                 | 02/14/14 |  |              |  | 02/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 8.58 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 46 |  |  | $ | 46 |  |  | $ | 46 | 
|                       |  |  |  | Ny Diploma Taxi Co                                  |  | Term Loan                                             |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.81 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 46 |  |  | $ | 46 |  |  | $ | 46 | 
|                       |  |  |  | Nirvair Trans LLC/Mbnk                              |  | Term Loan                                             |  |                 | 02/04/14 |  |              |  | 02/04/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 8.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 45 |  |  | $ | 45 |  |  | $ | 45 | 
|                       |  |  |  | Orbit Agami Cab LLC {Annually-Prime minus .375%}    |  | Term Loan                                             |  |                 | 11/05/10 |  |              |  | 10/01/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 45 |  |  | $ | 45 |  |  | $ | 45 | 
|                       |  |  |  | Justin Hacking Corp {Annually-Prime plus .50%}      |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 44 |  |  | $ | 44 |  |  | $ | 44 | 
|                       |  |  |  | Pakt Medallions LLC/Mbnk                            |  | Term Loan                                             |  |                 | 08/26/14 |  |              |  | 08/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 8.46 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 43 |  |  | $ | 43 |  |  | $ | 43 | 
|                       |  |  |  | Boris Ushman ##                                     |  | Term Loan                                             |  |                 | 05/21/03 |  |              |  | 02/17/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 42 |  |  | $ | 42 |  |  | $ | 42 | 
|                       |  |  |  | Nosea Taxi LLC &                                    |  | Term Loan                                             |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 37 |  |  | $ | 38 |  |  | $ | 38 | 
|                       |  |  |  | Hshmul Taxi LLC/Mbnk                                |  | Term Loan                                             |  |                 | 03/17/14 |  |              |  | 03/17/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 36 |  |  | $ | 36 |  |  | $ | 36 | 
|                       |  |  |  | Alexander Vizueta                                   |  | Term Loan                                             |  |                 | 09/12/16 |  |              |  | 03/12/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  | $        | 33 |  |           | $ | 31 |  |  | $ | 31 |  |  | $ | 33 | 
|                       |  |  |  | Anastasios Tsiklidis                                |  | Term Loan                                             |  |                 | 04/15/11 |  |              |  | 01/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.60 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 32 |  |  | $ | 32 |  |  | $ | 33 | 
|                       |  |  |  | M.M.Y Taxi Inc &                                    |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 31 |  |  | $ | 31 |  |  | $ | 31 | 
|                       |  |  |  | N&A Taxi Inc/Mbank &                                |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 30 |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  |  |  | S&M Taxi Inc/Mbank &                                |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 30 |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  |  |  | Y Meir Taxi Inc/Mbnk &                              |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 30 |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  |  |  | Y Michal Taxi Inc/Mbnk &                            |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 30 |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  |  |  | Y Mike Taxi Inc &                                   |  | Term Loan                                             |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 30 |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  |  |  | Y Mati Taxi Inc/Mbnk &                              |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 30 |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  |  |  | Yme Transit Inc {Annually-Prime plus .50%}          |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 30 |  |  | $ | 30 |  |  | $ | 30 | 
|                       |  |  |  | Bursa Cab Corp/Note 1                               |  | Term Loan                                             |  |                 | 03/23/01 |  |              |  | 09/10/23 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 26 |  |  | $ | 26 |  |  | $ | 26 | 
|                       |  |  |  | Bursa Cab Corp/Note 2                               |  | Term Loan                                             |  |                 | 03/23/01 |  |              |  | 09/10/23 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 25 |  |  | $ | 25 |  |  | $ | 25 | 
|                       |  |  |  | Sukhdev Singh & H Singh/B Note                      |  | Term Loan                                             |  |                 | 07/13/16 |  |              |  | 07/13/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  | $        | 26 |  |           | $ | 23 |  |  | $ | 23 |  |  | $ | 25 | 
|                       |  |  |  | Fido Cab Corp {Annually-Prime plus .50%}            |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 25 |  |  | $ | 25 |  |  | $ | 25 | 
|                       |  |  |  | Munir Ahmed Sahi ##                                 |  | Term Loan                                             |  |                 | 08/13/15 |  |              |  | 08/13/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 21 |  |  | $ | 21 |  |  | $ | 22 | 
|                       |  |  |  | Mry Taxi Inc/Mbank &                                |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 21 |  |  | $ | 21 |  |  | $ | 21 | 
|                       |  |  |  | Opera Taxi Inc/Mbank &                              |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 21 |  |  | $ | 21 |  |  | $ | 21 | 
|                       |  |  |  | Ronen Taxi Inc/Mbank &                              |  | Term Loan                                             |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.10 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 21 |  |  | $ | 21 |  |  | $ | 21 | 
|                       |  |  |  | Jose F Pimentel ##                                  |  | Term Loan                                             |  |                 | 05/14/14 |  |              |  | 05/14/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 18 |  |  | $ | 18 |  |  | $ | 19 | 
|                       |  |  |  | Bj Cab Corp                                         |  | Term Loan                                             |  |                 | 02/27/15 |  |              |  | 02/26/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 17 |  |  | $ | 17 |  |  | $ | 18 | 
|                       |  |  |  | Dominique Ismael &                                  |  | Term Loan                                             |  |                 | 09/17/15 |  |              |  | 09/17/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 17 |  |  | $ | 17 |  |  | $ | 18 | 
|                       |  |  |  | Donald Singh                                        |  | Term Loan                                             |  |                 | 10/08/15 |  |              |  | 10/08/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 17 |  |  | $ | 17 |  |  | $ | 18 | 
|                       |  |  |  | Vosiem Hacking Corp {Annually-Prime plus .50%}      |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/14/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 18 |  |  | $ | 18 |  |  | $ | 18 | 
|                       |  |  |  | Balwinder Singh                                     |  | Term Loan                                             |  |                 | 02/19/14 |  |              |  | 02/07/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 16 |  |  | $ | 16 |  |  | $ | 17 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                                     |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |    |   |                     |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |        |  |  |   |        |  |  |   |        | 
|---------------------- |  |  |  | --------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | -- | - | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  |  |  | Obligor Name                                        |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |    |   | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Norberto Cardona ## &                               |  | Term Loan                                             |  |                 | 03/30/12 |  |              |  | 03/30/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 15     |  |  | $ | 15     |  |  | $ | 15     | 
|                       |  |  |  | Surlak Taxi LLC/Mbnk                                |  | Term Loan                                             |  |                 | 04/25/14 |  |              |  | 04/17/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 8.66 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 15     |  |  | $ | 15     |  |  | $ | 15     | 
|                       |  |  |  | Balwinder Singh                                     |  | Term Loan                                             |  |                 | 10/02/15 |  |              |  | 10/02/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 9      |  |  | $ | 9      |  |  | $ | 10     | 
|                       |  |  |  | Jean M Venord/Mbank                                 |  | Term Loan                                             |  |                 | 02/11/10 |  |              |  | 03/10/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.38 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 9      |  |  | $ | 9      |  |  | $ | 9      | 
|                       |  |  |  | Jened Cab Corp ##                                   |  | Term Loan                                             |  |                 | 03/13/12 |  |              |  | 01/13/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 9      |  |  | $ | 9      |  |  | $ | 9      | 
|                       |  |  |  | Yegal Express Cab Co/Mbank                          |  | Term Loan                                             |  |                 | 11/10/10 |  |              |  | 08/28/20 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.38 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 8      |  |  | $ | 8      |  |  | $ | 8      | 
|                       |  |  |  | Ilker Altaygil                                      |  | Term Loan                                             |  |                 | 11/23/15 |  |              |  | 11/20/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 5      |  |  | $ | 5      |  |  | $ | 6      | 
|                       |  |  |  | Harold Torres ## &                                  |  | Term Loan                                             |  |                 | 10/01/13 |  |              |  | 11/01/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 5      |  |  | $ | 5      |  |  | $ | 5      | 
|                       |  |  |  | Balwinder Singh/Note B &                            |  | Term Loan                                             |  |                 | 03/03/15 |  |              |  | 03/03/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 175    |  |  | $ | 175    |  |  | $ | 1      | 
|                       |  |  |  | Devinder P Singh & Guneet/Mbnk &                    |  | Term Loan                                             |  |                 | 02/19/14 |  |              |  | 02/19/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 15     |  |  | $ | 15     |  |  | $ | 0      | 
|                       |  |  |  | Diin Taxi LLC/Mbnk &                                |  | Term Loan                                             |  |                 | 12/27/16 |  |              |  | 06/27/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 0.00 | %                                   |  | $ | 0                    |  |  | $        | 127 |  |           | $ | 127    |  |  | $ | 119    |  |  | $ | 0      | 
|                       |  |  |  | Hanu Manu Taxi Inc/Mbnk &                           |  | Term Loan                                             |  |                 | 05/19/14 |  |              |  | 05/16/19 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.43 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 86     |  |  | $ | 81     |  |  | $ | 0      | 
|                       |  |  |  | Ramdas 4 Taxi LLC/Mbnk &                            |  | Term Loan                                             |  |                 | 05/27/14 |  |              |  | 02/17/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 81     |  |  | $ | 77     |  |  | $ | 0      | 
|Chicago                |  |  |  |                                                     |  |                                                       |  |                 |          |  |              |  |          |               |  |  | 111           |  |  |                  | 10 | % |                     |  | 4.54 | %                                   |  | $ | 0                    |  |  | $        | 109 |  |           | $ | 38,320 |  |  | $ | 38,091 |  |  | $ | 28,850 | 
|                       |  |  |  | Sweetgrass Peach &Chadwick Cap ##                   |  | Term Loan                                             |  |                 | 08/28/12 |  |              |  | 02/24/18 |               |  |  | 1             |  |  |                  | 1  | % |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,454  |  |  | $ | 1,454  |  |  | $ | 1,454  | 
|                       |  |  |  | Regal Cab Company Et Al ##                          |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/27/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,322  |  |  | $ | 1,322  |  |  | $ | 1,322  | 
|                       |  |  |  | Chicago Medallion Nine LLC ##                       |  | Term Loan                                             |  |                 | 05/02/12 |  |              |  | 05/02/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,241  |  |  | $ | 1,241  |  |  | $ | 1,241  | 
|                       |  |  |  | Blue Eyes Cab Corp ## & {Annually-Prime}            |  | Term Loan                                             |  |                 | 12/22/15 |  |              |  | 12/22/20 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,183  |  |  | $ | 1,183  |  |  | $ | 1,185  | 
|                       |  |  |  | Lucky Seven Chicago One Inc ## & {Annually-Prime}   |  | Term Loan                                             |  |                 | 12/22/15 |  |              |  | 12/22/20 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,183  |  |  | $ | 1,183  |  |  | $ | 1,185  | 
|                       |  |  |  | Michael Two Cab Corp ##                             |  | Term Loan                                             |  |                 | 07/12/12 |  |              |  | 06/25/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 958    |  |  | $ | 958    |  |  | $ | 958    | 
|                       |  |  |  | Johns Cabs Corp ##                                  |  | Term Loan                                             |  |                 | 04/12/12 |  |              |  | 04/12/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 935    |  |  | $ | 935    |  |  | $ | 935    | 
|                       |  |  |  | Harriet C Inc ##                                    |  | Term Loan                                             |  |                 | 10/19/12 |  |              |  | 10/17/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 2.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 874    |  |  | $ | 874    |  |  | $ | 874    | 
|                       |  |  |  | Lmb Taxi Iv Inc ##                                  |  | Term Loan                                             |  |                 | 07/12/12 |  |              |  | 06/25/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 798    |  |  | $ | 798    |  |  | $ | 798    | 
|                       |  |  |  | Lmb Taxi V Inc ##                                   |  | Term Loan                                             |  |                 | 07/12/12 |  |              |  | 06/25/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 798    |  |  | $ | 798    |  |  | $ | 798    | 
|                       |  |  |  | Chicago Medallion One LLC ##                        |  | Term Loan                                             |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 765    |  |  | $ | 765    |  |  | $ | 765    | 
|                       |  |  |  | Chicago Medallion Three LLC ##                      |  | Term Loan                                             |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 765    |  |  | $ | 765    |  |  | $ | 765    | 
|                       |  |  |  | Chicago Medallion Two LLC ##                        |  | Term Loan                                             |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 765    |  |  | $ | 765    |  |  | $ | 765    | 
|                       |  |  |  | Chicago Medallion Four LLC ##                       |  | Term Loan                                             |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 3.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 764    |  |  | $ | 764    |  |  | $ | 764    | 
|                       |  |  |  | Carol Of Illinois Enterprises                       |  | Term Loan                                             |  |                 | 09/19/14 |  |              |  | 09/19/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 660    |  |  | $ | 660    |  |  | $ | 659    | 
|                       |  |  |  | Chicago Medallion Seven LLC ##                      |  | Term Loan                                             |  |                 | 05/02/12 |  |              |  | 05/02/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 620    |  |  | $ | 620    |  |  | $ | 620    | 
|                       |  |  |  | N And M Valdof Hacking Corp ##                      |  | Term Loan                                             |  |                 | 05/01/13 |  |              |  | 05/01/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 517    |  |  | $ | 517    |  |  | $ | 517    | 
|                       |  |  |  | Kayla Hacking Corp ##                               |  | Term Loan                                             |  |                 | 07/12/12 |  |              |  | 06/25/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 479    |  |  | $ | 479    |  |  | $ | 479    | 
|                       |  |  |  | Mikhalia Cabs Nine Inc ##                           |  | Term Loan                                             |  |                 | 07/12/12 |  |              |  | 06/25/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 479    |  |  | $ | 479    |  |  | $ | 479    | 
|                       |  |  |  | Natasha Transportation Inc ##                       |  | Term Loan                                             |  |                 | 05/01/13 |  |              |  | 05/01/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 468    |  |  | $ | 468    |  |  | $ | 468    | 
|                       |  |  |  | Mike Taxi Corp ##                                   |  | Term Loan                                             |  |                 | 05/01/13 |  |              |  | 05/01/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 467    |  |  | $ | 467    |  |  | $ | 467    | 
|                       |  |  |  | Natalia Taxi Corp ##                                |  | Term Loan                                             |  |                 | 05/01/13 |  |              |  | 05/01/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 465    |  |  | $ | 466    |  |  | $ | 466    | 
|                       |  |  |  | Moo Moo Cab Co ## {Annually-Prime plus 2.00%}       |  | Term Loan                                             |  |                 | 08/14/13 |  |              |  | 08/04/19 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 438    |  |  | $ | 438    |  |  | $ | 438    | 
|                       |  |  |  | Blue Valentine Cab Corp {Annually-Prime plus 2.00%} |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 428    |  |  | $ | 428    |  |  | $ | 428    | 
|                       |  |  |  | Tumblin Dice Taxi Inc {Annually-Prime plus 2.00%}   |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 428    |  |  | $ | 428    |  |  | $ | 428    | 
|                       |  |  |  | Musanour Cab Inc ##                                 |  | Term Loan                                             |  |                 | 09/27/13 |  |              |  | 09/27/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 426    |  |  | $ | 426    |  |  | $ | 427    | 
|                       |  |  |  | Rahwa & Bros Cab Co, Et Al ## &                     |  | Term Loan                                             |  |                 | 04/11/14 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 695    |  |  | $ | 676    |  |  | $ | 350    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                                       |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |    |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ----------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | -- |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  |  |  | Obligor Name                                          |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |    |  | FairValue |  
|                       |  |  |  | Ray Cab Company &                                     |  | Term Loan                                             |  |                 | 07/22/15 |  |              |  | 07/22/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 756 |  |  | $ | 751 |  |  | $ | 350 | 
|                       |  |  |  | Met Cab Co ## &                                       |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 576 |  |  | $ | 576 |  |  | $ | 349 | 
|                       |  |  |  | Cozy Cab Co ## &                                      |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 480 |  |  | $ | 480 |  |  | $ | 291 | 
|                       |  |  |  | Dell Cab Corp ## &                                    |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 480 |  |  | $ | 480 |  |  | $ | 291 | 
|                       |  |  |  | Little Wing Cab Corp {Annually-Prime plus 2.00%}      |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 287 |  |  | $ | 287 |  |  | $ | 287 | 
|                       |  |  |  | American Buffalo Cab Corp {Annually-Prime plus 2.00%} |  | Term Loan                                             |  |                 | 04/10/13 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 284 |  |  | $ | 284 |  |  | $ | 284 | 
|                       |  |  |  | Valasia Cab Co ##                                     |  | Term Loan                                             |  |                 | 01/18/12 |  |              |  | 01/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 246 |  |  | $ | 246 |  |  | $ | 246 | 
|                       |  |  |  | Santorini Five Cab Corp ## &                          |  | Term Loan                                             |  |                 | 05/09/13 |  |              |  | 08/09/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 788 |  |  | $ | 786 |  |  | $ | 233 | 
|                       |  |  |  | Santorini Four Cab Corp ## &                          |  | Term Loan                                             |  |                 | 05/09/13 |  |              |  | 08/09/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 788 |  |  | $ | 786 |  |  | $ | 233 | 
|                       |  |  |  | Santorini Six Cab Corp ## &                           |  | Term Loan                                             |  |                 | 05/09/13 |  |              |  | 08/09/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 788 |  |  | $ | 786 |  |  | $ | 233 | 
|                       |  |  |  | Tribeca Two Cab Corp ## &                             |  | Term Loan                                             |  |                 | 05/09/13 |  |              |  | 08/09/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 788 |  |  | $ | 786 |  |  | $ | 233 | 
|                       |  |  |  | Les & Thera LLC                                       |  | Term Loan                                             |  |                 | 05/08/13 |  |              |  | 05/08/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 227 |  |  | $ | 227 |  |  | $ | 227 | 
|                       |  |  |  | Asmara Inc ##                                         |  | Term Loan                                             |  |                 | 04/11/13 |  |              |  | 04/11/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 217 |  |  | $ | 217 |  |  | $ | 218 | 
|                       |  |  |  | Aniba Management & Services In ##                     |  | Term Loan                                             |  |                 | 09/27/13 |  |              |  | 09/27/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 212 |  |  | $ | 212 |  |  | $ | 213 | 
|                       |  |  |  | Glti Cab Corp                                         |  | Term Loan                                             |  |                 | 03/10/15 |  |              |  | 03/10/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 211 |  |  | $ | 211 |  |  | $ | 212 | 
|                       |  |  |  | Yenemekoya Inc ## &                                   |  | Term Loan                                             |  |                 | 06/28/13 |  |              |  | 06/28/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 203 |  |  | $ | 203 |  |  | $ | 204 | 
|                       |  |  |  | Showcase Sports Management Cor ##                     |  | Term Loan                                             |  |                 | 01/22/10 |  |              |  | 03/11/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 196 |  |  | $ | 196 |  |  | $ | 196 | 
|                       |  |  |  | Rahel Express Inc ##                                  |  | Term Loan                                             |  |                 | 12/27/13 |  |              |  | 12/27/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 189 |  |  | $ | 189 |  |  | $ | 190 | 
|                       |  |  |  | Dome Cab Corp ## &                                    |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 288 |  |  | $ | 288 |  |  | $ | 175 | 
|                       |  |  |  | Kalib 2010 Inc ##                                     |  | Term Loan                                             |  |                 | 07/16/13 |  |              |  | 07/16/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 164 |  |  | $ | 164 |  |  | $ | 164 | 
|                       |  |  |  | Adi Express Inc ##                                    |  | Term Loan                                             |  |                 | 09/21/12 |  |              |  | 09/21/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 147 |  |  | $ | 147 |  |  | $ | 147 | 
|                       |  |  |  | Wubshet Inc ##                                        |  | Term Loan                                             |  |                 | 09/25/13 |  |              |  | 09/25/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 141 |  |  | $ | 141 |  |  | $ | 142 | 
|                       |  |  |  | Semhar Corp ##                                        |  | Term Loan                                             |  |                 | 01/31/12 |  |              |  | 01/31/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 141 |  |  | $ | 141 |  |  | $ | 141 | 
|                       |  |  |  | Significant Trans Inc ##                              |  | Term Loan                                             |  |                 | 04/06/12 |  |              |  | 04/06/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 139 |  |  | $ | 139 |  |  | $ | 139 | 
|                       |  |  |  | Jpg Cab Corp                                          |  | Term Loan                                             |  |                 | 04/23/12 |  |              |  | 04/23/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 128 |  |  | $ | 128 |  |  | $ | 128 | 
|                       |  |  |  | Antar Trans Inc                                       |  | Term Loan                                             |  |                 | 01/17/14 |  |              |  | 01/17/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 123 |  |  | $ | 123 |  |  | $ | 124 | 
|                       |  |  |  | Coffee Taxi LLC ## &                                  |  | Term Loan                                             |  |                 | 10/10/13 |  |              |  | 10/10/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 491 |  |  | $ | 486 |  |  | $ | 117 | 
|                       |  |  |  | Myrtos Cab Corp &                                     |  | Term Loan                                             |  |                 | 03/25/15 |  |              |  | 03/25/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 354 |  |  | $ | 348 |  |  | $ | 117 | 
|                       |  |  |  | Taxi For Less Inc &                                   |  | Term Loan                                             |  |                 | 09/19/14 |  |              |  | 03/31/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 389 |  |  | $ | 374 |  |  | $ | 117 | 
|                       |  |  |  | Jiffy Cab Co ## &                                     |  | Term Loan                                             |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 192 |  |  | $ | 185 |  |  | $ | 116 | 
|                       |  |  |  | Addis Flower Taxi Cab Service                         |  | Term Loan                                             |  |                 | 02/27/14 |  |              |  | 02/27/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 103 |  |  | $ | 103 |  |  | $ | 104 | 
|                       |  |  |  | Bedford Cab Two Corp {Annually-Prime plus .75%}       |  | Term Loan                                             |  |                 | 07/30/10 |  |              |  | 03/11/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 104 |  |  | $ | 104 |  |  | $ | 104 | 
|                       |  |  |  | Paik Cab Co                                           |  | Term Loan                                             |  |                 | 05/30/14 |  |              |  | 05/30/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 102 |  |  | $ | 102 |  |  | $ | 103 | 
|                       |  |  |  | Delina Cab Inc                                        |  | Term Loan                                             |  |                 | 01/22/13 |  |              |  | 01/22/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 102 |  |  | $ | 102 |  |  | $ | 102 | 
|                       |  |  |  | Asmara Cab Company ##                                 |  | Term Loan                                             |  |                 | 12/01/11 |  |              |  | 12/29/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 99  |  |  | $ | 99  |  |  | $ | 99  | 
|                       |  |  |  | Bashiru Habib                                         |  | Term Loan                                             |  |                 | 07/09/14 |  |              |  | 07/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 98  |  |  | $ | 98  |  |  | $ | 99  | 
|                       |  |  |  | Imc Cab Corp {Annually-Prime plus .75%}               |  | Term Loan                                             |  |                 | 08/27/10 |  |              |  | 03/11/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 93  |  |  | $ | 93  |  |  | $ | 93  | 
|                       |  |  |  | Tyrone Henderson                                      |  | Term Loan                                             |  |                 | 03/12/14 |  |              |  | 07/27/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 79  |  |  | $ | 79  |  |  | $ | 80  | 
|                       |  |  |  | Measho Cab Corp                                       |  | Term Loan                                             |  |                 | 08/08/16 |  |              |  | 08/08/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  | $        | 79 |  |           | $ | 77  |  |  | $ | 77  |  |  | $ | 79  | 
|                       |  |  |  | Tigray Cab Inc                                        |  | Term Loan                                             |  |                 | 03/28/13 |  |              |  | 03/28/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 78  |  |  | $ | 78  |  |  | $ | 79  | 
|                       |  |  |  | Yemi Taxi Corp ##                                     |  | Term Loan                                             |  |                 | 08/01/13 |  |              |  | 08/01/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 72  |  |  | $ | 72  |  |  | $ | 73  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                  |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |    |  |           |   |     |  |  |   |     |  |  |   |    | 
|---------------------- |  |  |  | -------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | -- |  | --------- | - | --- |  |  | - | --- |  |  | - | -- | 
|(Dollars in thousands) |  |  |  | Obligor Name                     |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |    |  | FairValue |  
|                       |  |  |  | Annabelle Cab Corporation ## &   |  | Term Loan                                             |  |                 | 02/14/14 |  |              |  | 03/12/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 222 |  |  | $ | 222 |  |  | $ | 60 | 
|                       |  |  |  | Karbala Express Inc ## &         |  | Term Loan                                             |  |                 | 02/26/13 |  |              |  | 05/26/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 237 |  |  | $ | 237 |  |  | $ | 60 | 
|                       |  |  |  | Life Cab Corp ## &               |  | Term Loan                                             |  |                 | 09/18/13 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 182 |  |  | $ | 180 |  |  | $ | 60 | 
|                       |  |  |  | Moses J Frank &                  |  | Term Loan                                             |  |                 | 04/26/13 |  |              |  | 04/26/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 7.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 100 |  |  | $ | 95  |  |  | $ | 60 | 
|                       |  |  |  | Nour Enterprise Inc ## &         |  | Term Loan                                             |  |                 | 09/16/13 |  |              |  | 09/16/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 211 |  |  | $ | 211 |  |  | $ | 60 | 
|                       |  |  |  | Adom Enterprise, Inc ## &        |  | Term Loan                                             |  |                 | 09/27/13 |  |              |  | 09/27/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 227 |  |  | $ | 225 |  |  | $ | 59 | 
|                       |  |  |  | Alem B Cab Inc ## &              |  | Term Loan                                             |  |                 | 01/22/13 |  |              |  | 01/22/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 160 |  |  | $ | 160 |  |  | $ | 59 | 
|                       |  |  |  | Alex Z Cab Corp &                |  | Term Loan                                             |  |                 | 04/22/13 |  |              |  | 04/22/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 226 |  |  | $ | 219 |  |  | $ | 59 | 
|                       |  |  |  | Alkarim Chicago Inc ## &         |  | Term Loan                                             |  |                 | 11/27/13 |  |              |  | 11/27/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 204 |  |  | $ | 196 |  |  | $ | 59 | 
|                       |  |  |  | Helen Habte Corp ## &            |  | Term Loan                                             |  |                 | 10/01/13 |  |              |  | 02/03/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 229 |  |  | $ | 223 |  |  | $ | 59 | 
|                       |  |  |  | Interwoodex Inc ## &             |  | Term Loan                                             |  |                 | 11/07/13 |  |              |  | 11/07/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 225 |  |  | $ | 225 |  |  | $ | 59 | 
|                       |  |  |  | Nakfa Corp ## &                  |  | Term Loan                                             |  |                 | 06/17/13 |  |              |  | 06/17/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.88 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 225 |  |  | $ | 225 |  |  | $ | 59 | 
|                       |  |  |  | Naneffe Inc ## &                 |  | Term Loan                                             |  |                 | 03/15/13 |  |              |  | 03/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 164 |  |  | $ | 159 |  |  | $ | 59 | 
|                       |  |  |  | Nike Yomi Inc ## &               |  | Term Loan                                             |  |                 | 08/06/13 |  |              |  | 08/06/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 224 |  |  | $ | 216 |  |  | $ | 59 | 
|                       |  |  |  | Sabina Cab Inc &                 |  | Term Loan                                             |  |                 | 04/19/13 |  |              |  | 04/19/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 128 |  |  | $ | 126 |  |  | $ | 59 | 
|                       |  |  |  | Shere Corp ## &                  |  | Term Loan                                             |  |                 | 07/26/13 |  |              |  | 07/26/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 227 |  |  | $ | 224 |  |  | $ | 59 | 
|                       |  |  |  | Tad Taxi Co ## &                 |  | Term Loan                                             |  |                 | 11/13/13 |  |              |  | 11/13/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 228 |  |  | $ | 222 |  |  | $ | 59 | 
|                       |  |  |  | Tahoora Transportation Inc. ## & |  | Term Loan                                             |  |                 | 07/26/13 |  |              |  | 07/26/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 227 |  |  | $ | 224 |  |  | $ | 59 | 
|                       |  |  |  | Tekezze Inc &                    |  | Term Loan                                             |  |                 | 12/11/13 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 228 |  |  | $ | 221 |  |  | $ | 59 | 
|                       |  |  |  | Three Kids Corp &                |  | Term Loan                                             |  |                 | 04/15/13 |  |              |  | 04/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 223 |  |  | $ | 209 |  |  | $ | 59 | 
|                       |  |  |  | Zeyrefda Inc ## &                |  | Term Loan                                             |  |                 | 05/17/13 |  |              |  | 05/17/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 226 |  |  | $ | 223 |  |  | $ | 59 | 
|                       |  |  |  | C Dortch Inc ## &                |  | Term Loan                                             |  |                 | 12/04/13 |  |              |  | 12/04/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 203 |  |  | $ | 202 |  |  | $ | 58 | 
|                       |  |  |  | Grapevine Taxi LLC ## &          |  | Term Loan                                             |  |                 | 10/10/13 |  |              |  | 10/10/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 181 |  |  | $ | 178 |  |  | $ | 58 | 
|                       |  |  |  | Pireas Taxi Corp ## &            |  | Term Loan                                             |  |                 | 06/07/13 |  |              |  | 06/07/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 188 |  |  | $ | 186 |  |  | $ | 58 | 
|                       |  |  |  | Sny Cab Inc ##                   |  | Term Loan                                             |  |                 | 12/14/11 |  |              |  | 12/28/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 31  |  |  | $ | 31  |  |  | $ | 31 | 
|                       |  |  |  | Top Cab Corp                     |  | Term Loan                                             |  |                 | 05/14/15 |  |              |  | 05/14/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 25  |  |  | $ | 25  |  |  | $ | 26 | 
|                       |  |  |  | Ali Taxi Corp ##                 |  | Term Loan                                             |  |                 | 08/13/13 |  |              |  | 08/13/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 24  |  |  | $ | 24  |  |  | $ | 25 | 
|                       |  |  |  | Top Cab Corp &                   |  | Term Loan                                             |  |                 | 02/24/15 |  |              |  | 02/24/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 25  |  |  | $ | 24  |  |  | $ | 25 | 
|                       |  |  |  | Ade Taxi Corp                    |  | Term Loan                                             |  |                 | 12/08/14 |  |              |  | 12/08/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 22  |  |  | $ | 22  |  |  | $ | 23 | 
|                       |  |  |  | Bashiru Habib/B Note             |  | Term Loan                                             |  |                 | 07/09/14 |  |              |  | 07/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.25 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 16  |  |  | $ | 16  |  |  | $ | 17 | 
|                       |  |  |  | Hudson Cab Corp &                |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 70  |  |  | $ | 65  |  |  | $ | 17 | 
|                       |  |  |  | Oia Cab Corp &                   |  | Term Loan                                             |  |                 | 08/01/14 |  |              |  | 08/01/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.15 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 71  |  |  | $ | 60  |  |  | $ | 17 | 
|                       |  |  |  | Santorini Two Cab Corp &         |  | Term Loan                                             |  |                 | 08/01/14 |  |              |  | 08/01/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.15 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 57  |  |  | $ | 48  |  |  | $ | 14 | 
|                       |  |  |  | Tribeca Three Cab Corp &         |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 56  |  |  | $ | 52  |  |  | $ | 14 | 
|                       |  |  |  | Francis King Boat Inc            |  | Term Loan                                             |  |                 | 04/17/13 |  |              |  | 04/17/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 12  |  |  | $ | 12  |  |  | $ | 13 | 
|                       |  |  |  | Stny Taxi Corp &                 |  | Term Loan                                             |  |                 | 08/01/14 |  |              |  | 08/01/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.15 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 54  |  |  | $ | 45  |  |  | $ | 13 | 
|                       |  |  |  | Greenwich Cab Corp &             |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 42  |  |  | $ | 39  |  |  | $ | 10 | 
|                       |  |  |  | Any Cab Two Corp &               |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 28  |  |  | $ | 26  |  |  | $ | 7  | 
|                       |  |  |  | St Petersburg Taxi LLC &         |  | Term Loan                                             |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 28  |  |  | $ | 26  |  |  | $ | 7  | 
|                       |  |  |  | Patriot Trans Et Al &            |  | Term Loan                                             |  |                 | 03/17/15 |  |              |  | 03/31/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.75 | %                                   |  | $ | 0                    |  |  |          |    |  |           | $ | 799 |  |  | $ | 767 |  |  | $ | 2  | 
|                       |  |  |  | Patriot Trans Inc &              |  | Term Loan                                             |  |                 | 05/09/16 |  |              |  | 05/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 0.00 | %                                   |  | $ | 0                    |  |  | $        | 20 |  |           | $ | 20  |  |  | $ | 20  |  |  | $ | 2  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                           |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                     |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |        |  |  |   |        |  |  |   |        | 
|---------------------- |  |  |  | ----------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - | - | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  |  |  | Obligor Name                              |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |   | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Taxi For Less Inc &                       |  | Term Loan                                             |  |                 | 05/09/16 |  |              |  | 05/09/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 0.00 | %                                   |  | $ | 0                    |  |  | $        | 10  |  |           | $ | 10     |  |  | $ | 10     |  |  | $ | 2      | 
|                       |  |  |  | Chicago Seven Inc/Mbnk & {Annually-Prime} |  | Term Loan                                             |  |                 | 12/29/15 |  |              |  | 12/29/20 |               |  |  | 1             |  |  |                  | * |   |                     |  | 3.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 240    |  |  | $ | 240    |  |  | $ | 0      | 
|Newark                 |  |  |  |                                           |  |                                                       |  |                 |          |  |              |  |          |               |  |  | 111           |  |  |                  | 8 | % |                     |  | 5.27 | %                                   |  | $ | 0                    |  |  | $        | 314 |  |           | $ | 23,291 |  |  | $ | 23,267 |  |  | $ | 23,157 | 
|                       |  |  |  | Viergella Inc ##                          |  | Term Loan                                             |  |                 | 02/20/14 |  |              |  | 02/20/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,312  |  |  | $ | 1,312  |  |  | $ | 1,313  | 
|                       |  |  |  | Rachel LLC                                |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 686    |  |  | $ | 686    |  |  | $ | 686    | 
|                       |  |  |  | Cherubin Vincent                          |  | Term Loan                                             |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 615    |  |  | $ | 615    |  |  | $ | 616    | 
|                       |  |  |  | K And N Taxi LLC                          |  | Term Loan                                             |  |                 | 09/26/13 |  |              |  | 09/26/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 605    |  |  | $ | 605    |  |  | $ | 605    | 
|                       |  |  |  | A.M.E. Transit Limited Liabili ##         |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 551    |  |  | $ | 551    |  |  | $ | 551    | 
|                       |  |  |  | Briana Taxi LLC                           |  | Term Loan                                             |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 340    |  |  | $ | 340    |  |  | $ | 341    | 
|                       |  |  |  | Saintvillien & Larochelle LLC             |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 316    |  |  | $ | 316    |  |  | $ | 317    | 
|                       |  |  |  | Airport Travel LLC &                      |  | Term Loan                                             |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 311    |  |  | $ | 311    |  |  | $ | 312    | 
|                       |  |  |  | Two Daughters Taxi LLC ##                 |  | Term Loan                                             |  |                 | 06/12/14 |  |              |  | 06/12/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 300    |  |  | $ | 300    |  |  | $ | 301    | 
|                       |  |  |  | Mr. Milicent & Sons, LLC ##               |  | Term Loan                                             |  |                 | 04/24/14 |  |              |  | 04/24/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.80 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 295    |  |  | $ | 295    |  |  | $ | 295    | 
|                       |  |  |  | P.C. Taxi Corp                            |  | Term Loan                                             |  |                 | 06/13/13 |  |              |  | 06/13/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 285    |  |  | $ | 285    |  |  | $ | 285    | 
|                       |  |  |  | Clair 282 LLC ##                          |  | Term Loan                                             |  |                 | 09/12/13 |  |              |  | 09/12/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 279    |  |  | $ | 279    |  |  | $ | 279    | 
|                       |  |  |  | Owned By Mr Vincent LLC                   |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 278    |  |  | $ | 278    |  |  | $ | 278    | 
|                       |  |  |  | Romise Taxi LLC                           |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 277    |  |  | $ | 277    |  |  | $ | 278    | 
|                       |  |  |  | 1 Hope LLC                                |  | Term Loan                                             |  |                 | 09/26/13 |  |              |  | 09/26/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 277    |  |  | $ | 277    |  |  | $ | 277    | 
|                       |  |  |  | Lagrande Taxi Corp ##                     |  | Term Loan                                             |  |                 | 02/14/13 |  |              |  | 02/14/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 277    |  |  | $ | 277    |  |  | $ | 277    | 
|                       |  |  |  | B Gene And Fil LLC                        |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 275    |  |  | $ | 275    |  |  | $ | 275    | 
|                       |  |  |  | Angel Taxi LLC                            |  | Term Loan                                             |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 272    |  |  | $ | 272    |  |  | $ | 272    | 
|                       |  |  |  | Carvin Taxi Inc ##                        |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 272    |  |  | $ | 272    |  |  | $ | 272    | 
|                       |  |  |  | Cmgv #2 Taxi Inc ##                       |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 272    |  |  | $ | 272    |  |  | $ | 272    | 
|                       |  |  |  | Dern #2 Taxi Inc ##                       |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 272    |  |  | $ | 272    |  |  | $ | 272    | 
|                       |  |  |  | Center Taxi LLC ##                        |  | Term Loan                                             |  |                 | 08/15/13 |  |              |  | 08/15/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 267    |  |  | $ | 267    |  |  | $ | 267    | 
|                       |  |  |  | Jovin Taxi Inc ##                         |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 258    |  |  | $ | 258    |  |  | $ | 258    | 
|                       |  |  |  | Hg & Zg Corporation                       |  | Term Loan                                             |  |                 | 10/25/12 |  |              |  | 10/25/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 256    |  |  | $ | 256    |  |  | $ | 256    | 
|                       |  |  |  | Magdala Corp ##                           |  | Term Loan                                             |  |                 | 08/16/13 |  |              |  | 08/16/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 250    |  |  | $ | 250    |  |  | $ | 250    | 
|                       |  |  |  | Maitre Joa LLC                            |  | Term Loan                                             |  |                 | 09/12/13 |  |              |  | 09/12/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 248    |  |  | $ | 248    |  |  | $ | 248    | 
|                       |  |  |  | Simone Francois ##                        |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 245    |  |  | $ | 245    |  |  | $ | 245    | 
|                       |  |  |  | Philippe Taxi LLC &                       |  | Term Loan                                             |  |                 | 10/23/14 |  |              |  | 10/23/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 240    |  |  | $ | 240    |  |  | $ | 240    | 
|                       |  |  |  | Hg & Zg Corporation                       |  | Term Loan                                             |  |                 | 10/25/12 |  |              |  | 10/25/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 239    |  |  | $ | 239    |  |  | $ | 239    | 
|                       |  |  |  | Mike 22, Limited Liability Com            |  | Term Loan                                             |  |                 | 06/11/15 |  |              |  | 06/11/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 239    |  |  | $ | 239    |  |  | $ | 239    | 
|                       |  |  |  | Holy Family Trans Inc                     |  | Term Loan                                             |  |                 | 04/16/15 |  |              |  | 04/16/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 237    |  |  | $ | 237    |  |  | $ | 237    | 
|                       |  |  |  | Peter Doe                                 |  | Term Loan                                             |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 234    |  |  | $ | 234    |  |  | $ | 235    | 
|                       |  |  |  | D,D Trans Inc                             |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 232    |  |  | $ | 232    |  |  | $ | 232    | 
|                       |  |  |  | Nahla Taxi Inc ##                         |  | Term Loan                                             |  |                 | 04/24/14 |  |              |  | 04/24/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 230    |  |  | $ | 230    |  |  | $ | 231    | 
|                       |  |  |  | St Abraam Corp                            |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/22/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 229    |  |  | $ | 229    |  |  | $ | 229    | 
|                       |  |  |  | Three Sons 2 Taxi Inc ##                  |  | Term Loan                                             |  |                 | 05/09/13 |  |              |  | 05/09/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 228    |  |  | $ | 228    |  |  | $ | 228    | 
|                       |  |  |  | Timax 426 Inc                             |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 227    |  |  | $ | 227    |  |  | $ | 228    | 
|                       |  |  |  | Rowfida Incorporated ##                   |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 226    |  |  | $ | 226    |  |  | $ | 227    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                                |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |     |  |  |   |     |  |  |   |     | 
|---------------------- |  |  |  | ------------------------------ |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  |  |  | Obligor Name                   |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Laboule LLC &                  |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 231 |  |  | $ | 223 |  |  | $ | 223 | 
|                       |  |  |  | Les & Thera Transportation LLC |  | Term Loan                                             |  |                 | 07/12/13 |  |              |  | 07/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 223 |  |  | $ | 223 |  |  | $ | 223 | 
|                       |  |  |  | Luckner Etienne ##             |  | Term Loan                                             |  |                 | 10/25/12 |  |              |  | 10/25/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 220 |  |  | $ | 220 |  |  | $ | 220 | 
|                       |  |  |  | Kesh & Kelo LLC ##             |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 216 |  |  | $ | 216 |  |  | $ | 216 | 
|                       |  |  |  | Sonson Taxi Inc ##             |  | Term Loan                                             |  |                 | 10/25/12 |  |              |  | 10/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 216 |  |  | $ | 216 |  |  | $ | 216 | 
|                       |  |  |  | Dupe Taxi LLC                  |  | Term Loan                                             |  |                 | 12/10/15 |  |              |  | 12/10/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 214 |  |  | $ | 214 |  |  | $ | 215 | 
|                       |  |  |  | T-Bozo Trans LLC               |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 212 |  |  | $ | 212 |  |  | $ | 212 | 
|                       |  |  |  | Anasta.S. Taxi LLC             |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 208 |  |  | $ | 208 |  |  | $ | 208 | 
|                       |  |  |  | E H 88 Taxi Corp ##            |  | Term Loan                                             |  |                 | 06/12/14 |  |              |  | 06/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 207 |  |  | $ | 207 |  |  | $ | 207 | 
|                       |  |  |  | Semsema Trans Corporation      |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 207 |  |  | $ | 207 |  |  | $ | 207 | 
|                       |  |  |  | Ekny Fils-Aime ## &            |  | Term Loan                                             |  |                 | 10/17/11 |  |              |  | 10/17/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 206 |  |  | $ | 206 |  |  | $ | 206 | 
|                       |  |  |  | Mpaul 596 LLC &                |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 206 |  |  | $ | 206 |  |  | $ | 206 | 
|                       |  |  |  | Zoune Taxi #2 Inc ##           |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 204 |  |  | $ | 204 |  |  | $ | 204 | 
|                       |  |  |  | La Belle Joulie LLC            |  | Term Loan                                             |  |                 | 04/14/16 |  |              |  | 04/14/20 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  | $        | 206 |  |           | $ | 201 |  |  | $ | 201 |  |  | $ | 202 | 
|                       |  |  |  | Jacob And Jasmina Inc          |  | Term Loan                                             |  |                 | 10/24/14 |  |              |  | 10/24/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 201 |  |  | $ | 201 |  |  | $ | 201 | 
|                       |  |  |  | Joseph And Jamar Inc           |  | Term Loan                                             |  |                 | 10/24/14 |  |              |  | 10/24/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 201 |  |  | $ | 201 |  |  | $ | 201 | 
|                       |  |  |  | Dmd Taxi LLC &                 |  | Term Loan                                             |  |                 | 09/26/13 |  |              |  | 09/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 198 |  |  | $ | 198 |  |  | $ | 198 | 
|                       |  |  |  | Joseph And Alea LLC ##         |  | Term Loan                                             |  |                 | 02/23/15 |  |              |  | 02/23/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 198 |  |  | $ | 198 |  |  | $ | 198 | 
|                       |  |  |  | Bidon Taxi Inc &               |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 278 |  |  | $ | 261 |  |  | $ | 197 | 
|                       |  |  |  | Dorvilma LLC ## &              |  | Term Loan                                             |  |                 | 02/14/13 |  |              |  | 02/14/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 274 |  |  | $ | 274 |  |  | $ | 196 | 
|                       |  |  |  | Boss Carmel Taxi Inc ##        |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 194 |  |  | $ | 194 |  |  | $ | 195 | 
|                       |  |  |  | Jacob Joseph                   |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 193 |  |  | $ | 193 |  |  | $ | 193 | 
|                       |  |  |  | O.P. Taxi LLC                  |  | Term Loan                                             |  |                 | 10/23/14 |  |              |  | 10/23/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 192 |  |  | $ | 192 |  |  | $ | 192 | 
|                       |  |  |  | Chell 11 Corp                  |  | Term Loan                                             |  |                 | 07/10/14 |  |              |  | 07/10/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 190 |  |  | $ | 190 |  |  | $ | 191 | 
|                       |  |  |  | Erick Fleuridor                |  | Term Loan                                             |  |                 | 07/19/12 |  |              |  | 06/11/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 191 |  |  | $ | 191 |  |  | $ | 191 | 
|                       |  |  |  | M.K. Taxi Inc                  |  | Term Loan                                             |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 186 |  |  | $ | 186 |  |  | $ | 187 | 
|                       |  |  |  | Stany Inc                      |  | Term Loan                                             |  |                 | 06/23/15 |  |              |  | 06/11/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 7.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 185 |  |  | $ | 185 |  |  | $ | 185 | 
|                       |  |  |  | Saintilia Charles              |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 184 |  |  | $ | 184 |  |  | $ | 184 | 
|                       |  |  |  | Chavensky Cab Inc              |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 182 |  |  | $ | 182 |  |  | $ | 183 | 
|                       |  |  |  | Clermise LLC                   |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 181 |  |  | $ | 181 |  |  | $ | 181 | 
|                       |  |  |  | Daniele Taxi LLC ##            |  | Term Loan                                             |  |                 | 05/15/14 |  |              |  | 05/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 173 |  |  | $ | 173 |  |  | $ | 174 | 
|                       |  |  |  | Herve Dameus ##                |  | Term Loan                                             |  |                 | 12/11/14 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 170 |  |  | $ | 170 |  |  | $ | 170 | 
|                       |  |  |  | S Gladys Taxi LLC ##           |  | Term Loan                                             |  |                 | 06/12/14 |  |              |  | 06/12/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 168 |  |  | $ | 168 |  |  | $ | 169 | 
|                       |  |  |  | Mfc Taxi Corp ##               |  | Term Loan                                             |  |                 | 09/20/11 |  |              |  | 09/19/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 167 |  |  | $ | 167 |  |  | $ | 166 | 
|                       |  |  |  | Marie Jeanne Philemon          |  | Term Loan                                             |  |                 | 07/17/15 |  |              |  | 07/16/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 164 |  |  | $ | 164 |  |  | $ | 164 | 
|                       |  |  |  | Thomas Lahens                  |  | Term Loan                                             |  |                 | 07/11/13 |  |              |  | 07/11/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 163 |  |  | $ | 163 |  |  | $ | 163 | 
|                       |  |  |  | Erick Fleuridor                |  | Term Loan                                             |  |                 | 10/25/12 |  |              |  | 10/25/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 159 |  |  | $ | 159 |  |  | $ | 159 | 
|                       |  |  |  | Micheline Luxeus ##            |  | Term Loan                                             |  |                 | 12/13/12 |  |              |  | 12/13/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 156 |  |  | $ | 156 |  |  | $ | 156 | 
|                       |  |  |  | Serge Previlon LLC             |  | Term Loan                                             |  |                 | 08/15/13 |  |              |  | 08/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 155 |  |  | $ | 155 |  |  | $ | 156 | 
|                       |  |  |  | Cassandra & Joseph Sejour Inc  |  | Term Loan                                             |  |                 | 04/09/10 |  |              |  | 03/13/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 151 |  |  | $ | 151 |  |  | $ | 151 | 
|                       |  |  |  | Just 8 Taxi #2 Inc ##          |  | Term Loan                                             |  |                 | 10/16/15 |  |              |  | 10/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 7.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 145 |  |  | $ | 145 |  |  | $ | 146 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                               |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                     |  |      |                                     |  |   |                      |  |  |          |       |  |           |   |        |  |  |   |        |  |  |   |        | 
|---------------------- |  |  |  | ----------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - | - | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | ----- |  | --------- | - | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  |  |  | Obligor Name                  |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |   | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |       |  | FairValue |  
|                       |  |  |  | Monise Lubintus               |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 141    |  |  | $ | 141    |  |  | $ | 141    | 
|                       |  |  |  | A.N.T.K. LLC                  |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 139    |  |  | $ | 139    |  |  | $ | 140    | 
|                       |  |  |  | 534 Taxi LLC                  |  | Term Loan                                             |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 138    |  |  | $ | 138    |  |  | $ | 138    | 
|                       |  |  |  | Saintvillien & Larochelle LLC |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.63 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 129    |  |  | $ | 129    |  |  | $ | 130    | 
|                       |  |  |  | Antoines Dortin ##            |  | Term Loan                                             |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 126    |  |  | $ | 127    |  |  | $ | 127    | 
|                       |  |  |  | Charata Taxi Inc              |  | Term Loan                                             |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 125    |  |  | $ | 125    |  |  | $ | 126    | 
|                       |  |  |  | 424 Taxi LLC                  |  | Term Loan                                             |  |                 | 01/20/12 |  |              |  | 01/20/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 7.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 121    |  |  | $ | 121    |  |  | $ | 121    | 
|                       |  |  |  | Pierre Family 084 LLC         |  | Term Loan                                             |  |                 | 07/12/13 |  |              |  | 07/12/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 120    |  |  | $ | 120    |  |  | $ | 120    | 
|                       |  |  |  | Ahmad Taxi Inc                |  | Term Loan                                             |  |                 | 06/09/11 |  |              |  | 06/09/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 120    |  |  | $ | 120    |  |  | $ | 119    | 
|                       |  |  |  | Forward Taxi Corp             |  | Term Loan                                             |  |                 | 03/15/12 |  |              |  | 03/15/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 116    |  |  | $ | 116    |  |  | $ | 116    | 
|                       |  |  |  | Yves Frantz Philemon          |  | Term Loan                                             |  |                 | 12/11/14 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 106    |  |  | $ | 106    |  |  | $ | 106    | 
|                       |  |  |  | Olga Morales                  |  | Term Loan                                             |  |                 | 02/18/16 |  |              |  | 02/18/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  | $        | 108   |  |           | $ | 102    |  |  | $ | 102    |  |  | $ | 103    | 
|                       |  |  |  | Charles K Agesilas            |  | Term Loan                                             |  |                 | 08/14/14 |  |              |  | 08/14/21 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 100    |  |  | $ | 100    |  |  | $ | 100    | 
|                       |  |  |  | Don Taxi Inc/Mbnk             |  | Term Loan                                             |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 96     |  |  | $ | 96     |  |  | $ | 96     | 
|                       |  |  |  | R & Z Trans Service Inc       |  | Term Loan                                             |  |                 | 01/10/13 |  |              |  | 01/10/23 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 91     |  |  | $ | 91     |  |  | $ | 92     | 
|                       |  |  |  | Mr Clean Sdam Taxi LLC        |  | Term Loan                                             |  |                 | 06/11/15 |  |              |  | 06/11/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 88     |  |  | $ | 88     |  |  | $ | 88     | 
|                       |  |  |  | Alhayat Taxi Inc              |  | Term Loan                                             |  |                 | 02/14/13 |  |              |  | 02/14/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 84     |  |  | $ | 84     |  |  | $ | 84     | 
|                       |  |  |  | Cosmos 2 Taxi Corporation ##  |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 81     |  |  | $ | 81     |  |  | $ | 82     | 
|                       |  |  |  | Hercule Jean-Baptiste         |  | Term Loan                                             |  |                 | 06/13/13 |  |              |  | 06/13/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 82     |  |  | $ | 82     |  |  | $ | 82     | 
|                       |  |  |  | Ez Come Ez Go Inc             |  | Term Loan                                             |  |                 | 04/16/15 |  |              |  | 04/16/20 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 79     |  |  | $ | 79     |  |  | $ | 79     | 
|                       |  |  |  | Clameus Estimable             |  | Term Loan                                             |  |                 | 05/06/10 |  |              |  | 06/06/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 77     |  |  | $ | 77     |  |  | $ | 77     | 
|                       |  |  |  | 0127 Incorporated ##          |  | Term Loan                                             |  |                 | 07/19/12 |  |              |  | 07/19/20 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 76     |  |  | $ | 76     |  |  | $ | 76     | 
|                       |  |  |  | Louibert Julien               |  | Term Loan                                             |  |                 | 06/18/14 |  |              |  | 06/16/21 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 74     |  |  | $ | 74     |  |  | $ | 76     | 
|                       |  |  |  | Gethsemane Inc                |  | Term Loan                                             |  |                 | 02/20/14 |  |              |  | 02/20/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 72     |  |  | $ | 72     |  |  | $ | 73     | 
|                       |  |  |  | Mario P Jean-Louis ##         |  | Term Loan                                             |  |                 | 12/11/14 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 73     |  |  | $ | 73     |  |  | $ | 73     | 
|                       |  |  |  | Pola Trans Inc ##             |  | Term Loan                                             |  |                 | 07/19/12 |  |              |  | 07/19/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 72     |  |  | $ | 72     |  |  | $ | 72     | 
|                       |  |  |  | Praise The Lord Taxi Inc      |  | Term Loan                                             |  |                 | 05/14/15 |  |              |  | 05/14/25 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 71     |  |  | $ | 71     |  |  | $ | 72     | 
|                       |  |  |  | Gerald Jean-Louis ##          |  | Term Loan                                             |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 64     |  |  | $ | 64     |  |  | $ | 64     | 
|                       |  |  |  | Fraline Taxi Inc ##           |  | Term Loan                                             |  |                 | 09/18/14 |  |              |  | 09/18/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 45     |  |  | $ | 45     |  |  | $ | 46     | 
|                       |  |  |  | Reyes Okoroagu ##             |  | Term Loan                                             |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 42     |  |  | $ | 42     |  |  | $ | 43     | 
|                       |  |  |  | Farar LLC ##                  |  | Term Loan                                             |  |                 | 03/13/14 |  |              |  | 03/13/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 17     |  |  | $ | 17     |  |  | $ | 18     | 
|                       |  |  |  | Pierre Sterling               |  | Term Loan                                             |  |                 | 01/19/12 |  |              |  | 01/19/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 2      |  |  | $ | 2      |  |  | $ | 2      | 
|Boston                 |  |  |  |                               |  |                                                       |  |                 |          |  |              |  |          |               |  |  | 60            |  |  |                  | 8 | % |                     |  | 4.52 | %                                   |  | $ | 0                    |  |  | $        | 1,214 |  |           | $ | 26,061 |  |  | $ | 25,857 |  |  | $ | 21,818 | 
|                       |  |  |  | Chidi Trans Inc &             |  | Term Loan                                             |  |                 | 11/17/14 |  |              |  | 03/25/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,294  |  |  | $ | 1,293  |  |  | $ | 1,145  | 
|                       |  |  |  | Sasun Cab Inc                 |  | Term Loan                                             |  |                 | 02/20/13 |  |              |  | 02/20/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 864    |  |  | $ | 864    |  |  | $ | 864    | 
|                       |  |  |  | Johnson Holdings Inc &        |  | Term Loan                                             |  |                 | 04/23/14 |  |              |  | 03/25/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,354  |  |  | $ | 1,332  |  |  | $ | 839    | 
|                       |  |  |  | Mish Inc ##                   |  | Term Loan                                             |  |                 | 12/28/12 |  |              |  | 12/28/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 830    |  |  | $ | 830    |  |  | $ | 830    | 
|                       |  |  |  | Southside Enterprises Inc ##  |  | Term Loan                                             |  |                 | 12/28/12 |  |              |  | 12/28/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 830    |  |  | $ | 830    |  |  | $ | 830    | 
|                       |  |  |  | Gabriel Trans Holdings Inc &  |  | Term Loan                                             |  |                 | 04/23/14 |  |              |  | 03/25/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 1,063  |  |  | $ | 1,062  |  |  | $ | 751    | 
|                       |  |  |  | GiorgioS Cab Inc ##          |  | Term Loan                                             |  |                 | 09/04/15 |  |              |  | 09/04/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 685    |  |  | $ | 685    |  |  | $ | 686    | 
|                       |  |  |  | Arinze Trans Inc ##           |  | Term Loan                                             |  |                 | 04/22/14 |  |              |  | 04/22/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |       |  |           | $ | 659    |  |  | $ | 659    |  |  | $ | 659    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                       |  |  |  |                               |  |                                                       |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |                      |  |  |          |     |  |           |   |       |  |  |   |       |  |  |   |     | 
|---------------------- |  |  |  | ----------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | -------------------- |  |  | -------- | --- |  | --------- | - | ----- |  |  | - | ----- |  |  | - | --- | 
|(Dollars in thousands) |  |  |  | Obligor Name                  |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate (1) |   |  | CapitalizedInterest |  |      | OriginalCost of2016Acquisitions (5) |  |   | PrincipalOutstanding |  |  | Cost (4) |     |  | FairValue |  
|                       |  |  |  | Oke Auguste Cab Inc ## &      |  | Term Loan                                             |  |                 | 01/31/14 |  |              |  | 01/31/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 598   |  |  | $ | 598   |  |  | $ | 598 | 
|                       |  |  |  | Britney Cab Inc, Et Al &      |  | Term Loan                                             |  |                 | 05/18/15 |  |              |  | 06/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 2.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 1,067 |  |  | $ | 1,019 |  |  | $ | 589 | 
|                       |  |  |  | Arinze Trans Inc &            |  | Term Loan                                             |  |                 | 02/05/10 |  |              |  | 02/07/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 576   |  |  | $ | 575   |  |  | $ | 575 | 
|                       |  |  |  | Chiso Trans Inc &             |  | Term Loan                                             |  |                 | 11/26/13 |  |              |  | 11/07/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 812   |  |  | $ | 811   |  |  | $ | 572 | 
|                       |  |  |  | Ngozi Trans Inc. &            |  | Term Loan                                             |  |                 | 12/31/12 |  |              |  | 12/07/15 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 621   |  |  | $ | 621   |  |  | $ | 500 | 
|                       |  |  |  | Memory Cab Company Inc ##     |  | Term Loan                                             |  |                 | 01/14/11 |  |              |  | 01/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 467   |  |  | $ | 467   |  |  | $ | 467 | 
|                       |  |  |  | Bailey Cab Inc ##             |  | Term Loan                                             |  |                 | 11/09/12 |  |              |  | 11/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 448   |  |  | $ | 448   |  |  | $ | 448 | 
|                       |  |  |  | Syed Cab Inc                  |  | Term Loan                                             |  |                 | 02/27/15 |  |              |  | 02/27/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 429   |  |  | $ | 429   |  |  | $ | 430 | 
|                       |  |  |  | Ruth Cab Inc                  |  | Term Loan                                             |  |                 | 11/26/13 |  |              |  | 11/26/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 429   |  |  | $ | 429   |  |  | $ | 429 | 
|                       |  |  |  | P&P Dumerant Corp             |  | Term Loan                                             |  |                 | 10/25/13 |  |              |  | 10/25/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 419   |  |  | $ | 420   |  |  | $ | 420 | 
|                       |  |  |  | Joyful Ride Inc ##            |  | Term Loan                                             |  |                 | 12/28/12 |  |              |  | 12/28/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 415   |  |  | $ | 415   |  |  | $ | 415 | 
|                       |  |  |  | Jv Taxi Inc                   |  | Term Loan                                             |  |                 | 10/24/14 |  |              |  | 01/24/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 415   |  |  | $ | 415   |  |  | $ | 415 | 
|                       |  |  |  | Eldali Transportation Inc     |  | Term Loan                                             |  |                 | 11/09/12 |  |              |  | 11/26/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 409   |  |  | $ | 409   |  |  | $ | 409 | 
|                       |  |  |  | Farb Inc ## &                 |  | Term Loan                                             |  |                 | 07/26/16 |  |              |  | 07/26/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  | $        | 410 |  |           | $ | 406   |  |  | $ | 406   |  |  | $ | 408 | 
|                       |  |  |  | Beaudrin & Alexandra Taxi Inc |  | Term Loan                                             |  |                 | 09/20/16 |  |              |  | 09/20/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 3.90 | %                                   |  | $ | 0                    |  |  | $        | 369 |  |           | $ | 367   |  |  | $ | 367   |  |  | $ | 369 | 
|                       |  |  |  | Benito & Roseline Cab Inc ##  |  | Term Loan                                             |  |                 | 09/09/15 |  |              |  | 09/09/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 364   |  |  | $ | 364   |  |  | $ | 365 | 
|                       |  |  |  | God Is Able Inc ##            |  | Term Loan                                             |  |                 | 02/11/14 |  |              |  | 02/11/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 363   |  |  | $ | 363   |  |  | $ | 363 | 
|                       |  |  |  | H And H Taxi Inc ##           |  | Term Loan                                             |  |                 | 10/11/13 |  |              |  | 09/11/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 345   |  |  | $ | 345   |  |  | $ | 345 | 
|                       |  |  |  | Promesse Cab Inc              |  | Term Loan                                             |  |                 | 09/28/16 |  |              |  | 09/28/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  | $        | 339 |  |           | $ | 338   |  |  | $ | 338   |  |  | $ | 340 | 
|                       |  |  |  | Ngozi Trans Inc. &            |  | Term Loan                                             |  |                 | 05/06/15 |  |              |  | 04/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 337   |  |  | $ | 337   |  |  | $ | 300 | 
|                       |  |  |  | Urzal Taxi Inc                |  | Term Loan                                             |  |                 | 07/29/13 |  |              |  | 07/29/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 297   |  |  | $ | 297   |  |  | $ | 297 | 
|                       |  |  |  | Baton Moise Cab Inc ## &      |  | Term Loan                                             |  |                 | 04/14/14 |  |              |  | 04/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.90 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 619   |  |  | $ | 585   |  |  | $ | 296 | 
|                       |  |  |  | Amazing Grace Cab Inc &       |  | Term Loan                                             |  |                 | 02/06/14 |  |              |  | 02/06/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 478   |  |  | $ | 464   |  |  | $ | 295 | 
|                       |  |  |  | Loren Cab Inc ## &            |  | Term Loan                                             |  |                 | 03/20/14 |  |              |  | 03/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 486   |  |  | $ | 486   |  |  | $ | 295 | 
|                       |  |  |  | Ser-Vil Cab Inc &             |  | Term Loan                                             |  |                 | 03/28/14 |  |              |  | 03/22/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.63 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 524   |  |  | $ | 494   |  |  | $ | 295 | 
|                       |  |  |  | TomorrowS Tree Inc &         |  | Term Loan                                             |  |                 | 10/08/13 |  |              |  | 10/08/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 436   |  |  | $ | 436   |  |  | $ | 295 | 
|                       |  |  |  | Djbell Love Inc ## &          |  | Term Loan                                             |  |                 | 09/27/12 |  |              |  | 09/27/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 399   |  |  | $ | 397   |  |  | $ | 294 | 
|                       |  |  |  | God-Will Inc &                |  | Term Loan                                             |  |                 | 02/11/14 |  |              |  | 02/11/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 485   |  |  | $ | 480   |  |  | $ | 294 | 
|                       |  |  |  | Good Time Cab Inc ## &        |  | Term Loan                                             |  |                 | 03/20/14 |  |              |  | 03/20/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.13 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 461   |  |  | $ | 461   |  |  | $ | 294 | 
|                       |  |  |  | Jason Cab Inc ## &            |  | Term Loan                                             |  |                 | 03/15/13 |  |              |  | 03/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.88 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 486   |  |  | $ | 480   |  |  | $ | 294 | 
|                       |  |  |  | Jesus Denis Cab Inc &         |  | Term Loan                                             |  |                 | 03/22/13 |  |              |  | 03/22/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 324   |  |  | $ | 324   |  |  | $ | 294 | 
|                       |  |  |  | Myra Inc &                    |  | Term Loan                                             |  |                 | 08/12/13 |  |              |  | 08/12/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 487   |  |  | $ | 480   |  |  | $ | 294 | 
|                       |  |  |  | S.P.B. Taxi Inc &             |  | Term Loan                                             |  |                 | 09/18/13 |  |              |  | 09/18/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 488   |  |  | $ | 483   |  |  | $ | 294 | 
|                       |  |  |  | Saint Inc &                   |  | Term Loan                                             |  |                 | 08/12/13 |  |              |  | 09/22/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 487   |  |  | $ | 458   |  |  | $ | 294 | 
|                       |  |  |  | Shemarjamalie Cab Inc ##      |  | Term Loan                                             |  |                 | 02/17/12 |  |              |  | 02/17/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.15 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 291   |  |  | $ | 291   |  |  | $ | 291 | 
|                       |  |  |  | Louine Cab Inc                |  | Term Loan                                             |  |                 | 09/29/15 |  |              |  | 09/29/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 271   |  |  | $ | 271   |  |  | $ | 272 | 
|                       |  |  |  | Jre Taxi Inc ## &             |  | Term Loan                                             |  |                 | 07/25/14 |  |              |  | 07/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.70 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 267   |  |  | $ | 267   |  |  | $ | 268 | 
|                       |  |  |  | Boband Cab Inc ##             |  | Term Loan                                             |  |                 | 11/06/12 |  |              |  | 06/06/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.00 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 261   |  |  | $ | 261   |  |  | $ | 261 | 
|                       |  |  |  | Ngozi Trans Inc. &            |  | Term Loan                                             |  |                 | 12/31/12 |  |              |  | 12/31/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 304   |  |  | $ | 303   |  |  | $ | 249 | 
|                       |  |  |  | Phatricksey Cab Inc ##        |  | Term Loan                                             |  |                 | 07/14/11 |  |              |  | 07/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 241   |  |  | $ | 241   |  |  | $ | 241 | 
|                       |  |  |  | Sarhad Coach Inc              |  | Term Loan                                             |  |                 | 07/23/13 |  |              |  | 05/25/19 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0                    |  |  |          |     |  |           | $ | 241   |  |  | $ | 241   |  |  | $ | 241 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                                                                                    |  |  |  |                                |  |                                                       |  |                 |          |  |              |    |          |               |  |      |               |  |   |                  |   |   |                     |        |      |                                     |   |         |                      |  |   |          |    |  |           |         |       |  |  |   |       |  |  |   |       | 
|----------------------------------------------------------------------------------- |  |  |  | ------------------------------ |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ | -- | -------- | ------------- |  | ---- | ------------- |  | - | ---------------- | - | - | ------------------- | ------ | ---- | ----------------------------------- | - | ------- | -------------------- |  | - | -------- | -- |  | --------- | ------- | ----- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands)                                                              |  |  |  | Obligor Name                   |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |    |          | No. ofInvest. |  |      | % ofNetAssets |  |   | InterestRate (1) |   |   | CapitalizedInterest |        |      | OriginalCost of2016Acquisitions (5) |   |         | PrincipalOutstanding |  |   | Cost (4) |    |  | FairValue |        
|                                                                                    |  |  |  | Stanley & Rachelle Cab Inc     |  | Term Loan                                             |  |                 | 05/23/11 |  |              |    | 05/23/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.25 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 155   |  |  | $ | 155   |  |  | $ | 155   | 
|                                                                                    |  |  |  | Dabola Cab Inc ##              |  | Term Loan                                             |  |                 | 11/10/11 |  |              |    | 07/10/19 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.50 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 154   |  |  | $ | 154   |  |  | $ | 154   | 
|                                                                                    |  |  |  | Kena Cab Inc                   |  | Term Loan                                             |  |                 | 11/06/12 |  |              |    | 11/06/25 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.75 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 62    |  |  | $ | 63    |  |  | $ | 65    | 
|                                                                                    |  |  |  | Promesse Cab Inc               |  | Term Loan                                             |  |                 | 09/28/16 |  |              |    | 09/28/21 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.50 | %                                   |   | $       | 0                    |  |   | $        | 26 |  |           | $       | 26    |  |  | $ | 26    |  |  | $ | 28    | 
|                                                                                    |  |  |  | Beaudrin & Alexandra Taxi Inc  |  | Term Loan                                             |  |                 | 09/20/16 |  |              |    | 09/20/21 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.00 | %                                   |   | $       | 0                    |  |   | $        | 21 |  |           | $       | 20    |  |  | $ | 20    |  |  | $ | 22    | 
|                                                                                    |  |  |  | Louine Cab Inc                 |  | Term Loan                                             |  |                 | 05/05/16 |  |              |    | 05/05/20 |               |  |      | 1             |  |   |                  | * |   |                     |        | 5.25 | %                                   |   | $       | 0                    |  |   | $        | 20 |  |           | $       | 17    |  |  | $ | 18    |  |  | $ | 20    | 
|                                                                                    |  |  |  | Sasun Cab Inc                  |  | Term Loan                                             |  |                 | 02/20/13 |  |              |    | 02/20/19 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.50 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 20    |  |  | $ | 20    |  |  | $ | 20    | 
|                                                                                    |  |  |  | Benito & Roseline Cab Inc ##   |  | Term Loan                                             |  |                 | 09/09/15 |  |              |    | 09/09/18 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 17    |  |  | $ | 17    |  |  | $ | 18    | 
|                                                                                    |  |  |  | Jv Taxi Inc                    |  | Term Loan                                             |  |                 | 04/14/15 |  |              |    | 04/14/19 |               |  |      | 1             |  |   |                  | * |   |                     |        | 6.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 16    |  |  | $ | 16    |  |  | $ | 17    | 
|                                                                                    |  |  |  | Sunshine Cab Inc ##            |  | Term Loan                                             |  |                 | 06/12/07 |  |              |    | 06/12/18 |               |  |      | 1             |  |   |                  | * |   |                     |        | 5.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 8     |  |  | $ | 8     |  |  | $ | 8     | 
|                                                                                    |  |  |  | Britney Cab Inc, Et Al &       |  | Term Loan                                             |  |                 | 12/09/16 |  |              |    | 06/09/18 |               |  |      | 1             |  |   |                  | * |   |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   | $        | 29 |  |           | $       | 29    |  |  | $ | 29    |  |  | $ | 2     | 
|Cambridge                                                                           |  |  |  |                                |  |                                                       |  |                 |          |  |              |    |          |               |  |      | 13            |  |   |                  | 1 | % |                     |        | 4.47 | %                                   |   | $       | 0                    |  |   | $        | 0  |  |           | $       | 4,441 |  |  | $ | 4,401 |  |  | $ | 2,649 | 
|                                                                                    |  |  |  | Gcf Taxi Inc &                 |  | Term Loan                                             |  |                 | 10/08/13 |  |              |    | 10/08/18 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 624   |  |  | $ | 624   |  |  | $ | 428   | 
|                                                                                    |  |  |  | Hope-Lynn Cabworks Inc ##      |  | Term Loan                                             |  |                 | 03/22/13 |  |              |    | 03/22/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 355   |  |  | $ | 354   |  |  | $ | 354   | 
|                                                                                    |  |  |  | Drumman Trans Inc              |  | Term Loan                                             |  |                 | 12/07/12 |  |              |    | 12/07/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.50 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 310   |  |  | $ | 311   |  |  | $ | 311   | 
|                                                                                    |  |  |  | Raad Taxi Inc ## &             |  | Term Loan                                             |  |                 | 05/30/14 |  |              |    | 05/30/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.50 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 320   |  |  | $ | 313   |  |  | $ | 164   | 
|                                                                                    |  |  |  | Marcia And Everton Cab Inc &   |  | Term Loan                                             |  |                 | 12/15/15 |  |              |    | 12/15/16 |               |  |      | 1             |  |   |                  | * |   |                     |        | 3.75 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 272   |  |  | $ | 269   |  |  | $ | 163   | 
|                                                                                    |  |  |  | Desdunes Cab Inc &             |  | Term Loan                                             |  |                 | 09/21/12 |  |              |    | 10/21/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 5.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 326   |  |  | $ | 326   |  |  | $ | 162   | 
|                                                                                    |  |  |  | Lynn Maha Taxi Inc &           |  | Term Loan                                             |  |                 | 05/13/13 |  |              |    | 05/13/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 5.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 364   |  |  | $ | 357   |  |  | $ | 162   | 
|                                                                                    |  |  |  | Patrick Cab Inc And Saad Inc & |  | Term Loan                                             |  |                 | 03/29/13 |  |              |    | 03/29/16 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.88 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 397   |  |  | $ | 378   |  |  | $ | 162   | 
|                                                                                    |  |  |  | Sam Taxi Inc &                 |  | Term Loan                                             |  |                 | 03/12/14 |  |              |    | 03/12/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.50 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 323   |  |  | $ | 322   |  |  | $ | 162   | 
|                                                                                    |  |  |  | Walger Inc &                   |  | Term Loan                                             |  |                 | 01/26/12 |  |              |    | 01/26/20 |               |  |      | 1             |  |   |                  | * |   |                     |        | 5.50 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 266   |  |  | $ | 263   |  |  | $ | 162   | 
|                                                                                    |  |  |  | Eureka Cab Inc &               |  | Term Loan                                             |  |                 | 07/01/14 |  |              |    | 07/01/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.25 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 417   |  |  | $ | 417   |  |  | $ | 161   | 
|                                                                                    |  |  |  | Taxi Technology Inc ##         |  | Term Loan                                             |  |                 | 12/11/13 |  |              |    | 12/29/16 |               |  |      | 1             |  |   |                  | * |   |                     |        | 5.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 139   |  |  | $ | 139   |  |  | $ | 139   | 
|                                                                                    |  |  |  | Mgf Taxi Inc &                 |  | Term Loan                                             |  |                 | 05/06/11 |  |              |    | 05/06/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 328   |  |  | $ | 328   |  |  | $ | 119   | 
|Other                                                                               |  |  |  |                                |  |                                                       |  |                 |          |  |              |    |          |               |  |      | 9             |  |   |                  | 0 | % |                     |        | 7.26 | %                                   |   | $       | 0                    |  |   | $        | 0  |  |           | $       | 978   |  |  | $ | 965   |  |  | $ | 771   | 
|                                                                                    |  |  |  | Alexandrite Taxi LLC           |  | Term Loan                                             |  |                 | 07/30/15 |  |              |    | 07/30/20 |               |  |      | 1             |  |   |                  | * |   |                     |        | 9.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 183   |  |  | $ | 183   |  |  | $ | 185   | 
|                                                                                    |  |  |  | Chametz Taxi LLC               |  | Term Loan                                             |  |                 | 07/30/15 |  |              |    | 07/30/20 |               |  |      | 1             |  |   |                  | * |   |                     |        | 9.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 122   |  |  | $ | 122   |  |  | $ | 124   | 
|                                                                                    |  |  |  | Elysse Corporation             |  | Term Loan                                             |  |                 | 09/10/10 |  |              |    | 11/01/19 |               |  |      | 1             |  |   |                  | * |   |                     |        | 9.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 13    |  |  | $ | 13    |  |  | $ | 13    | 
|                                                                                    |  |  |  | Elzira & Luc Cab Inc.          |  | Term Loan                                             |  |                 | 08/17/10 |  |              |    | 02/17/18 |               |  |      | 1             |  |   |                  | * |   |                     |        | 8.25 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 12    |  |  | $ | 12    |  |  | $ | 12    | 
|                                                                                    |  |  |  | Hantin Trans/Aventura Taxi &   |  | Term Loan                                             |  |                 | 06/16/10 |  |              |    | 06/16/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 8.25 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 47    |  |  | $ | 47    |  |  | $ | 47    | 
|                                                                                    |  |  |  | Jean C Mathurin/Norcal &       |  | Term Loan                                             |  |                 | 01/15/13 |  |              |    | 02/01/18 |               |  |      | 1             |  |   |                  | * |   |                     |        | 8.50 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 155   |  |  | $ | 148   |  |  | $ | 48    | 
|                                                                                    |  |  |  | Tjp Inc ##                     |  | Term Loan                                             |  |                 | 01/03/14 |  |              |    | 01/03/17 |               |  |      | 1             |  |   |                  | * |   |                     |        | 4.75 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 260   |  |  | $ | 261   |  |  | $ | 261   | 
|                                                                                    |  |  |  | Wiljean Marcelin &             |  | Term Loan                                             |  |                 | 08/21/13 |  |              |    | 09/01/23 |               |  |      | 1             |  |   |                  | * |   |                     |        | 6.75 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 155   |  |  | $ | 148   |  |  | $ | 50    | 
|                                                                                    |  |  |  | Zelalem S. Alemu &             |  | Term Loan                                             |  |                 | 04/28/08 |  |              |    | 04/28/18 |               |  |      | 1             |  |   |                  | * |   |                     |        | 5.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           | $       | 31    |  |  | $ | 31    |  |  | $ | 31    | 
|                                                                                    |  |  |  |                                |  |                                                       |  |                 |          |  |              |    |          |               |  |      |               |  |   |                  |   |   |                     |        |      |                                     |   |         |                      |  |   |          |    |  |           |         |       |  |  |   |       |  |  |   |       | 
|Total medallion loans ($231,494 pledged as collateral under borrowing arrangements) |  |  |  |                                |  |                                                       |  | 684             |          |  |              | 93 | %        |               |  | 4.01 | %             |  | $ | 0                |   |   | $                   | 16,705 |      |                                     | $ | 295,936 |                      |  | $ | 295,050  |    |  | $         | 266,816 |      
|                                                                                    |  |  |  |                                |  |                                                       |  |                 |          |  |              |    |          |               |  |      |               |  |   |                  |   |   |                     |        |      |                                     |   |         |                      |  |   |          |    |  |           |         |       |  |  |   |       |  |  |   |       | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                                                                                                                                       |  |   |  |                                                                                                                |  |                                                       |  |                 |          |  |              |  |          |               |    |   |               |  |       |                  |   |   |                     |  |       |                                     |        |   |                      |   |        |          |       |   |           |   |       |   |        |   |       |  |  |   |       | 
|-------------------------------------------------------------------------------------------------------------------------------------- |  | - |  | -------------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- | -- | - | ------------- |  | ----- | ---------------- | - | - | ------------------- |  | ----- | ----------------------------------- | ------ | - | -------------------- | - | ------ | -------- | ----- | - | --------- | - | ----- | - | ------ | - | ----- |  |  | - | ----- | 
|(Dollars in thousands)                                                                                                                 |  |   |  | Obligor Name                                                                                                   |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |    |   | % ofNetAssets |  |       | InterestRate (1) |   |   | CapitalizedInterest |  |       | OriginalCost of2016Acquisitions (5) |        |   | PrincipalOutstanding |   |        | Cost (4) |       |   | FairValue |  
|Commercial Loans                                                                                                                       |  |   |  |                                                                                                                |  |                                                       |  |                 |          |  |              |  |          |               |    |   |               |  |       |                  |   |   |                     |  |       |                                     |        |   |                      |   |        |          |       |   |           |   |       |   |        |   |       | 
|Secured mezzanine Secured mezzanine (22% Minnesota, 12% Ohio, 10% Oklahoma, 8% Texas, 7% Delaware, 7%
Pennsylvania, 7% North Carolina, | 
|5% Kansas, 5% North Dakota, 4% Massachusetts, 4% Colorado, and 9% all other states)(2)                                                 | 
|Manufacturing (44% of the total)                                                                                                       |  |   |  | Stride Tool Holdings, LLC (interest rate includes PIK interest of 3.00%)                                       |  | Term Loan                                             |  |                 | 04/05/16 |  |              |  | 04/05/21 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 15.00 | %                                   |        | $ | 91                   |   |        | $        | 4,000 |   |           | $ | 4,091 |   |        | $ | 4,091 |  |  | $ | 4,041 | 
|                                                                                                                                       |  |   |  | MicroGroup, Inc.                                                                                               |  | Term Loan                                             |  |                 | 06/29/15 |  |              |  | 06/29/21 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 12.00 | %                                   |        | $ | 44                   |   |        |          |       |   |           | $ | 3,244 |   |        | $ | 3,244 |  |  | $ | 3,244 | 
|                                                                                                                                       |  |   |  | AA Plush Holdings, LLC (interest rate includes PIK interest of 6.00%)                                          |  | Term Loan                                             |  |                 | 08/15/14 |  |              |  | 08/15/19 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 14.00 | %                                   |        | $ | 197                  |   |        |          |       |   |           | $ | 3,197 |   |        | $ | 3,197 |  |  | $ | 3,190 | 
|                                                                                                                                       |  |   |  | Liberty Paper Products Acquisition LLC (interest rate includes PIK interest of 2.00%)                          |  | Term Loan                                             |  |                 | 06/09/16 |  |              |  | 06/09/21 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 14.00 | %                                   |        | $ | 34                   |   |        | $        | 3,000 |   |           | $ | 3,034 |   |        | $ | 3,034 |  |  | $ | 3,034 | 
|                                                                                                                                       |  |   |  | Pinnacle Products International, Inc. (interest rate includes PIK interest of 3.00%)                           |  | Term Loan                                             |  |                 | 10/09/15 |  |              |  | 10/09/20 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 15.00 | %                                   |        | $ | 107                  |   |        |          |       |   |           | $ | 2,907 |   |        | $ | 2,907 |  |  | $ | 2,907 | 
|                                                                                                                                       |  |   |  | WRWP, LLC (interest rate includes PIK interest of 5.00%)                                                       |  | Term Loan                                             |  |                 | 12/30/14 |  |              |  | 12/30/19 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 17.00 | %                                   |        | $ | 165                  |   |        |          |       |   |           | $ | 2,407 |   |        | $ | 2,407 |  |  | $ | 2,413 | 
|                                                                                                                                       |  |   |  | WRWP, LLC (interest rate includes PIK interest of 6.00%)                                                       |  | Term Loan                                             |  |                 | 01/01/15 |  |              |  | 01/01/24 |               |    |   | 1             |  |       |                  | * |   |                     |  | 6.00  | %                                   |        | $ | 28                   |   |        |          |       |   |           | $ | 252   |   |        | $ | 252   |  |  | $ | 252   | 
|                                                                                                                                       |  |   |  | BB Opco, LLC d/b/a BreathableBaby, LLC (interest rate includes PIK interest of 3.00%)                          |  | Term Loan                                             |  |                 | 08/01/14 |  |              |  | 08/01/19 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 14.00 | %                                   |        | $ | 137                  |   |        |          |       |   |           | $ | 2,637 |   |        | $ | 2,637 |  |  | $ | 2,640 | 
|                                                                                                                                       |  |   |  | Tech Cast Holdings, LLC                                                                                        |  | Term Loan                                             |  |                 | 12/12/14 |  |              |  | 12/12/19 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 15.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 2,635 |   |        | $ | 2,635 |  |  | $ | 2,613 | 
|                                                                                                                                       |  |   |  | EGC Operating Company, LLC (interest rate includes PIK interest of 3.00%)                                      |  | Term Loan                                             |  |                 | 09/30/14 |  |              |  | 09/30/19 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 15.00 | %                                   |        | $ | 14                   |   |        |          |       |   |           | $ | 2,424 |   |        | $ | 2,424 |  |  | $ | 2,430 | 
|                                                                                                                                       |  |   |  | American Cylinder, Inc. d/b/a All Safe (interest rate includes PIK interest of 7.00%)                          |  | Term Loan                                             |  |                 | 07/03/13 |  |              |  | 01/03/18 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 19.00 | %                                   |        | $ | 193                  |   |        |          |       |   |           | $ | 1,693 |   |        | $ | 1,693 |  |  | $ | 1,692 | 
|                                                                                                                                       |  | + |  | Respiratory Technologies, Inc.                                                                                 |  | Term Loan                                             |  |                 | 04/25/12 |  |              |  | 04/25/17 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 12.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 1,500 |   |        | $ | 1,500 |  |  | $ | 1,501 | 
|                                                                                                                                       |  |   |  | Orchard Holdings, Inc. &                                                                                       |  | Term Loan                                             |  |                 | 03/10/99 |  |              |  | 03/31/10 |               |    |   | 1             |  |       |                  | * |   |                     |  | 13.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 1,390 |   |        | $ | 1,390 |  |  | $ | 1,390 | 
|                                                                                                                                       |  |   |  | Quaker Bakery Brands, Inc.                                                                                     |  | Term Loan                                             |  |                 | 03/28/12 |  |              |  | 03/28/17 |               |    |   | 1             |  |       |                  | * |   |                     |  | 17.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 1,300 |   |        | $ | 1,300 |  |  | $ | 1,299 | 
|                                                                                                                                       |  | + |  | GAF Manufacturing, LLC &                                                                                       |  | Term Loan                                             |  |                 | 03/06/14 |  |              |  | 03/06/19 |               |    |   | 1             |  |       |                  | * |   |                     |  | 14.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 281   |   |        | $ | 281   |  |  | $ | 157   | 
|                                                                                                                                       |  | + |  | Waltek Acquisitions, Inc.                                                                                      |  | Term Loan                                             |  |                 | 03/31/06 |  |              |  | 03/31/18 |               |    |   | 1             |  |       |                  | * |   |                     |  | 12.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 88    |   |        | $ | 88    |  |  | $ | 88    | 
|Professional, Scientific, and Technical Services (21% of the total)                                                                    |  |   |  | Weather Decision Technologies, Inc. {One-time on 1/1/18 to 15%} (interest rate includes PIK interest of 9.00%) |  | Term Loan                                             |  |                 | 12/11/15 |  |              |  | 12/11/20 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 18.00 | %                                   |        | $ | 354                  |   |        |          |       |   |           | $ | 3,854 |   |        | $ | 3,854 |  |  | $ | 3,844 | 
|                                                                                                                                       |  |   |  | ADSCO Opco, LLC (interest rate includes PIK interest of 2.00%)                                                 |  | Term Loan                                             |  |                 | 10/25/16 |  |              |  | 10/25/21 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 13.00 | %                                   |        | $ | 13                   |   |        | $        | 3,600 |   |           | $ | 3,613 |   |        | $ | 3,613 |  |  | $ | 3,601 | 
|                                                                                                                                       |  |   |  | Northern Technologies, LLC (interest rate includes PIK interest of 1.00%)                                      |  | Term Loan                                             |  |                 | 01/29/16 |  |              |  | 01/29/23 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 13.00 | %                                   |        | $ | 33                   |   |        | $        | 3,500 |   |           | $ | 3,533 |   |        | $ | 3,533 |  |  | $ | 3,532 | 
|                                                                                                                                       |  | + |  | DPIS Engineering, LLC                                                                                          |  | Term Loan                                             |  |                 | 12/01/14 |  |              |  | 06/30/20 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 12.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 2,000 |   |        | $ | 2,000 |  |  | $ | 1,998 | 
|                                                                                                                                       |  |   |  | J. R. Thompson Company LLC (interest rate includes PIK interest of 2.00%)                                      |  | Term Loan                                             |  |                 | 05/21/15 |  |              |  | 05/21/22 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 14.00 | %                                   |        | $ | 14                   |   |        |          |       |   |           | $ | 1,625 |   |        | $ | 1,625 |  |  | $ | 1,625 | 
|                                                                                                                                       |  |   |  | Portu-Sunberg Marketing LLC                                                                                    |  | Term Loan                                             |  |                 | 10/21/16 |  |              |  | 03/21/22 |               |    |   | 1             |  |       |                  | * |   |                     |  | 12.00 | %                                   |        | $ | 0                    |   |        | $        | 1,250 |   |           | $ | 1,250 |   |        | $ | 1,250 |  |  | $ | 1,244 | 
|Information (12% of the total)                                                                                                         |  |   |  | US Internet Corp.                                                                                              |  | Term Loan                                             |  |                 | 06/12/13 |  |              |  | 09/18/20 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 14.50 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 3,000 |   |        | $ | 3,000 |  |  | $ | 3,010 | 
|                                                                                                                                       |  |   |  | US Internet Corp.                                                                                              |  | Term Loan                                             |  |                 | 02/05/16 |  |              |  | 02/11/23 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 14.50 | %                                   |        | $ | 0                    |   |        | $        | 1,900 |   |           | $ | 1,900 |   |        | $ | 1,900 |  |  | $ | 1,890 | 
|                                                                                                                                       |  |   |  | US Internet Corp.                                                                                              |  | Term Loan                                             |  |                 | 03/18/15 |  |              |  | 09/18/20 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 14.50 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 1,750 |   |        | $ | 1,750 |  |  | $ | 1,743 | 
|                                                                                                                                       |  |   |  | Centare Holdings, Inc. (interest rate includes PIK interest of 2.00%)                                          |  | Term Loan                                             |  |                 | 08/30/13 |  |              |  | 08/30/18 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 14.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 2,500 |   |        | $ | 2,500 |  |  | $ | 2,494 | 
|Arts, Entertainment, and Recreation (7% of the total)                                                                                  |  |   |  | RPAC Racing, LLC (interest rate includes PIK interest of 10.00%)                                               |  | Term Loan                                             |  |                 | 11/19/10 |  |              |  | 01/15/17 |               |    |   | 1             |  |       |                  | 2 | % |                     |  | 10.00 | %                                   |        | $ | 2,516                |   |        |          |       |   |           | $ | 5,555 |   |        | $ | 5,555 |  |  | $ | 5,555 | 
|Administrative and Support Services (5% of the total)                                                                                  |  |   |  | Staff One, Inc.                                                                                                |  | Term Loan                                             |  |                 | 06/30/08 |  |              |  | 03/31/18 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 3.00  | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 2,776 |   |        | $ | 2,776 |  |  | $ | 2,776 | 
|                                                                                                                                       |  |   |  | Staff One, Inc. (interest rate includes PIK interest of 7.00%)                                                 |  | Term Loan                                             |  |                 | 12/28/16 |  |              |  | 03/31/18 |               |    |   | 1             |  |       |                  | * |   |                     |  | 19.00 | %                                   |        | $ | 0                    |   |        | $        | 643   |   |           | $ | 557   |   |        | $ | 557   |  |  | $ | 557   | 
|                                                                                                                                       |  |   |  | Staff One, Inc.                                                                                                |  | Term Loan                                             |  |                 | 09/15/11 |  |              |  | 03/31/18 |               |    |   | 1             |  |       |                  | * |   |                     |  | 3.00  | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 347   |   |        | $ | 347   |  |  | $ | 347   | 
|Transportation and Warehousing (5% of the total)                                                                                       |  |   |  | LLL Transport, Inc. (interest rate includes PIK interest of 3.00%)                                             |  | Term Loan                                             |  |                 | 10/23/15 |  |              |  | 04/23/21 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 15.00 | %                                   |        | $ | 122                  |   |        |          |       |   |           | $ | 3,622 |   |        | $ | 3,622 |  |  | $ | 3,620 | 
|Wholesale Trade (4% of the total)                                                                                                      |  | + |  | Classic Brands, LLC                                                                                            |  | Term Loan                                             |  |                 | 01/08/16 |  |              |  | 04/30/23 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 12.00 | %                                   |        | $ | 0                    |   |        | $        | 2,880 |   |           | $ | 2,880 |   |        | $ | 2,880 |  |  | $ | 2,880 | 
|Construction (2% of the total)                                                                                                         |  |   |  | HIGHLAND CROSSING-M, LLC                                                                                       |  | Term Loan                                             |  |                 | 01/07/15 |  |              |  | 02/01/25 |               |    |   | 1             |  |       |                  | 1 | % |                     |  | 11.50 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 1,450 |   |        | $ | 1,450 |  |  | $ | 1,450 | 
|Accommodation and Food Services (0% of the total)                                                                                      |  |   |  | Javier & David Restaurant Corp.                                                                                |  | Term Loan                                             |  |                 | 11/05/10 |  |              |  | 11/05/20 |               |    |   | 1             |  |       |                  | * |   |                     |  | 9.25  | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 343   |   |        | $ | 343   |  |  | $ | 343   | 
|                                                                                                                                       |  |   |  | Star Concessions, Ltd. &                                                                                       |  | Term Loan                                             |  |                 | 06/30/00 |  |              |  | 09/30/17 |               |    |   | 1             |  |       |                  | * |   |                     |  | 10.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 297   |   |        | $ | 297   |  |  | $ | 59    | 
|                                                                                                                                       |  |   |  | MultiRestaurants Concepts, Ltd. &                                                                              |  | Term Loan                                             |  |                 | 06/30/00 |  |              |  | 09/30/17 |               |    |   | 1             |  |       |                  | * |   |                     |  | 10.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 468   |   |        | $ | 468   |  |  | $ | 53    | 
|Retail Trade (0% of the total)                                                                                                         |  |   |  | Retail Concessions, Ltd. &                                                                                     |  | Term Loan                                             |  |                 | 06/30/00 |  |              |  | 09/30/17 |               |    |   | 1             |  |       |                  | * |   |                     |  | 10.00 | %                                   |        | $ | 0                    |   |        |          |       |   |           | $ | 69    |   |        | $ | 69    |  |  | $ | 36    | 
|                                                                                                                                       |  |   |  |                                                                                                                |  |                                                       |  |                 |          |  |              |  |          |               |    |   |               |  |       |                  |   |   |                     |  |       |                                     |        |   |                      |   |        |          |       |   |           |   |       |   |        |   |       |  |  |   |       | 
|Total secured mezzanine
(2)                                                                                                            |  |   |  |                                                                                                                |  |                                                       |  |                 |          |  | 37           |  |          |               | 26 | % |               |  | 13.47 | %                |   | $ | 4,062               |  |       | $                                   | 20,773 |   |                      | $ | 76,469 |          |       | $ | 76,469    |   |       | $ | 75,548 |  
|                                                                                                                                       |  |   |  |                                                                                                                |  |                                                       |  |                 |          |  |              |  |          |               |    |   |               |  |       |                  |   |   |                     |  |       |                                     |        |   |                      |   |        |          |       |   |           |   |       |   |        |   |       |  |  |   |       | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                                                                                                    |  |  |  |                                                                     |  |                                                       |  |                 |                      |  |              |     |          |               |   |       |               |  |      |                  |    |   |                     |        |       |                                     |       |        |                      |   |       |          |       |   |           |         |       |   |       |   |         |   |  |   |         | 
|--------------------------------------------------------------------------------------------------- |  |  |  | ------------------------------------------------------------------- |  | ----------------------------------------------------- |  | --------------- | -------------------- |  | ------------ | --- | -------- | ------------- | - | ----- | ------------- |  | ---- | ---------------- | -- | - | ------------------- | ------ | ----- | ----------------------------------- | ----- | ------ | -------------------- | - | ----- | -------- | ----- | - | --------- | ------- | ----- | - | ----- | - | ------- | - |  | - | ------- | 
|(Dollars in thousands)                                                                              |  |  |  | Obligor Name                                                        |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |                      |  | MaturityDate |     |          | No. ofInvest. |   |       | % ofNetAssets |  |      | InterestRate (1) |    |   | CapitalizedInterest |        |       | OriginalCost of2016Acquisitions (5) |       |        | PrincipalOutstanding |   |       | Cost (4) |       |   | FairValue |        
|Other secured commercial (46% New York, 38% North Carolina, 14% New
Jersey and 2% all other states) | 
|Retail Trade (54% of the total)                                                                     |  |  |  | Medallion Fine Art Inc (interest rate includes PIK interest of 12%) |  | Term Loan                                             |  |                 | 12/17/12             |  |              |     | 12/17/17 |               |   |       | 1             |  |      |                  | 1  | % |                     |        | 12.00 | %                                   |       | $      | 2,695                |   |       |          |       |   |           | $       | 3,159 |   |       | $ | 3,159   |   |  | $ | 3,159   | 
|                                                                                                    |  |  |  | La Conga Food Market Inc                                            |  | Term Loan                                             |  |                 | 12/23/15             |  |              |     | 12/09/18 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 7.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 607   |   |       | $ | 607     |   |  | $ | 608     | 
|                                                                                                    |  |  |  | A Food Mart Inc &                                                   |  | Term Loan                                             |  |                 | 06/03/14             |  |              |     | 06/03/20 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 9.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 289   |   |       | $ | 289     |   |  | $ | 257     | 
|                                                                                                    |  |  |  | Anthony Supermarket LLC                                             |  | Term Loan                                             |  |                 | 04/02/13             |  |              |     | 07/02/18 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 9.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 184   |   |       | $ | 184     |   |  | $ | 183     | 
|                                                                                                    |  |  |  | Don Marto Minimarket Corp &                                         |  | Term Loan                                             |  |                 | 03/03/15             |  |              |     | 03/03/20 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 9.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 189   |   |       | $ | 184     |   |  | $ | 133     | 
|                                                                                                    |  |  |  | Moderne Barn Wines&Spirits Inc                                      |  | Term Loan                                             |  |                 | 05/09/13             |  |              |     | 05/09/18 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 4.75  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 46    |   |       | $ | 46      |   |  | $ | 45      | 
|                                                                                                    |  |  |  | Drr Enterprises LLC &                                               |  | Term Loan                                             |  |                 | 10/28/08             |  |              |     | 10/17/18 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 10.50 | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 80    |   |       | $ | 61      |   |  | $ | 26      | 
|                                                                                                    |  |  |  | Bashir Bagels & Supermarket I &                                     |  | Term Loan                                             |  |                 | 05/03/16             |  |              |     | 05/03/21 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 7.00  | %                                   |       | $      | 0                    |   |       | $        | 175   |   |           | $       | 175   |   |       | $ | 175     |   |  | $ | 2       | 
|Arts, Entertainment, and Recreation (38% of the total)                                              |  |  |  | RPAC Racing LLC (interest rate includes PIK interest of 8%)         |  | Term Loan                                             |  |                 | 06/22/16             |  |              |     | 12/31/16 |               |   |       | 1             |  |      |                  | 1  | % |                     |        | 8.00  | %                                   |       | $      | 34                   |   |       | $        | 2,000 |   |           | $       | 2,034 |   |       | $ | 2,034   |   |  | $ | 2,034   | 
|                                                                                                    |  |  |  | RPAC Racing LLC (interest rate includes PIK interest of 8%)         |  | Term Loan                                             |  |                 | 09/14/16             |  |              |     | 12/31/16 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 8.00  | %                                   |       | $      | 0                    |   |       | $        | 1,000 |   |           | $       | 1,000 |   |       | $ | 1,000   |   |  | $ | 1,000   | 
|Accommodation and Food Services (6% of the total)                                                   |  |  |  | El Mangu Sabroso Restaurant In &                                    |  | Term Loan                                             |  |                 | 06/06/14             |  |              |     | 09/06/19 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 9.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 252   |   |       | $ | 245     |   |  | $ | 183     | 
|                                                                                                    |  |  |  | Bistro Caterers Corporation                                         |  | Term Loan                                             |  |                 | 07/25/13             |  |              |     | 07/25/18 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 9.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 163   |   |       | $ | 163     |   |  | $ | 162     | 
|                                                                                                    |  |  |  | El Tropico Family Rest Ii LLC &                                     |  | Term Loan                                             |  |                 | 11/29/05             |  |              |     | 04/18/17 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 6.75  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 275   |   |       | $ | 189     |   |  | $ | 114     | 
|Transportation and Warehousing (1% of the total)                                                    |  |  |  | Tehran Properties Inc &                                             |  | Term Loan                                             |  |                 | 03/17/15             |  |              |     | 09/10/18 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 4.25  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 77    |   |       | $ | 77      |   |  | $ | 78      | 
|                                                                                                    |  |  |  | Patriot Trans Inc &                                                 |  | Term Loan                                             |  |                 | 09/19/14             |  |              |     | 03/31/17 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 4.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 183   |   |       | $ | 175     |   |  | $ | 42      | 
|Real Estate and Rental and Leasing (1% of the total)                                                |  |  |  | Jude Odimegwu Et Al &                                               |  | Term Loan                                             |  |                 | 03/31/15             |  |              |     | 03/31/20 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 5.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           | $       | 72    |   |       | $ | 69      |   |  | $ | 60      | 
|                                                                                                    |  |  |  |                                                                     |  |                                                       |  |                 |                      |  |              |     |          |               |   |       |               |  |      |                  |    |   |                     |        |       |                                     |       |        |                      |   |       |          |       |   |           |         |       |   |       |   |         |   |  |   |         | 
|Total Other Commercial Loans
(2)                                                                    |  |  |  |                                                                     |  |                                                       |  |                 |                      |  | 16           |     |          |               | 3 | %     |               |  | 9.33 | %                |    | $ | 2,729               |        |       | $                                   | 3,175 |        |                      | $ | 8,785 |          |       | $ | 8,657     |         |       | $ | 8,086 |  
|                                                                                                    |  |  |  |                                                                     |  |                                                       |  |                 |                      |  |              |     |          |               |   |       |               |  |      |                  |    |   |                     |        |       |                                     |       |        |                      |   |       |          |       |   |           |         |       |   |       |   |         |   |  |   |         | 
|Total commercial loans(2)                                                                           |  |  |  |                                                                     |  |                                                       |  | 53              |                      |  |              | 29  | %        |               |   | 13.05 | %             |  | $    | 6,791            |    |   | $                   | 23,948 |       |                                     | $     | 85,254 |                      |   | $     | 85,126   |       |   | $         | 83,634  |      
|                                                                                                    |  |  |  |                                                                     |  |                                                       |  |                 |                      |  |              |     |          |               |   |       |               |  |      |                  |    |   |                     |        |       |                                     |       |        |                      |   |       |          |       |   |           |         |       |   |       |   |         |   |  |   |         | 
|Investment in Medallion Bank and other controlled subsidiaries                                      | 
|Commercial Banking                                                                                  |  |  |  | Medallion Bank **                                                   |  | 100% of common stock                                  |  |                 | 05/16/02             |  |              |     | None     |               |   |       | 1             |  |      |                  | 98 | % |                     |        | 2.20  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 136,171 |   |  | $ | 280,590 | 
|NASCAR Race Team                                                                                    |  |  |  | Medallion MotorSports, LLC                                          |  | 75% of LLC units                                      |  |                 | 11/24/10             |  |              |     | None     |               |   |       | 1             |  |      |                  | 2  | % |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 2,820   |   |  | $ | 6,980   | 
|Art Dealer                                                                                          |  |  |  | Medallion Fine Art, Inc.                                            |  | 100% of common stock                                  |  |                 | 12/03/12             |  |              |     | None     |               |   |       | 1             |  |      |                  | 1  | % |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 724     |   |  | $ | 3,646   | 
|Loan Servicing                                                                                      |  |  |  | Medallion Servicing Corp.                                           |  | 100% of common stock                                  |  |                 | 11/05/10             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 455     |   |  | $ | 454     | 
|Professional Sports Team                                                                            |  |  |  | LAX Group LLC                                                       |  | 45.13% of membership interests                        |  |                 | 05/23/12             |  |              |     | None     |               |   |       | 1             |  |      |                  | 1  | % |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 440     |   |  | $ | 1,690   | 
|                                                                                                    |  |  |  |                                                                     |  |                                                       |  |                 |                      |  |              |     |          |               |   |       |               |  |      |                  |    |   |                     |        |       |                                     |       |        |                      |   |       |          |       |   |           |         |       |   |       |   |         |   |  |   |         | 
|Investment in Medallion Bank and other controlled subsidiaries, net                                 |  |  |  |                                                                     |  |                                                       |  | 5               |                      |  |              | 103 | %        |               |   | 2.13  | %             |  | $    | 0                |    |   | $                   | 0      |       |                                     | $     | 0      |                      |   | $     | 140,610  |       |   | $         | 293,360 |      
|                                                                                                    |  |  |  |                                                                     |  |                                                       |  |                 |                      |  |              |     |          |               |   |       |               |  |      |                  |    |   |                     |        |       |                                     |       |        |                      |   |       |          |       |   |           |         |       |   |       |   |         |   |  |   |         | 
|Equity investments                                                                                  |  |  |  |                                                                     |  |                                                       |  |                 |                      |  |              |     |          |               |   |       |               |  |      |                  |    |   |                     |        |       |                                     |       |        |                      |   |       |          |       |   |           |         |       |   |       |   |         |  
|Commercial Finance                                                                                  |  |  |  | Convergent Capital, Ltd **                                          |  | 7% of limited partnership interest                    |  |                 | 07/20/07             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | (794    | ) |  | $ | 1,100   | 
|NASCAR Race Team                                                                                    |  |  |  | RPAC Racing LLC                                                     |  | 1,000 shares of Series D                              |  |                 | 08/25/15             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       | $        | 0     |   |           |         |       |   |       | $ | 0       |   |  | $ | 1,351   | 
|Loan Servicing                                                                                      |  |  |  | Credify                                                             |  | 166,667 shares of Series A-1 preferred stock          |  |                 | 09/30/16             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       | $        | 250   |   |           |         |       |   |       | $ | 250     |   |  | $ | 250     | 
|Real Estate Investment                                                                              |  |  |  | CIM Commercial Trust Corp **                                        |  | *                                                     |  |                 | 12/30/10             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 5.67  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 548     |   |  | $ | 62      | 
|Employee Leasing Services                                                                           |  |  |  | Staff One, Inc.                                                     |  | 46.4% preferred stock                                 |  |                 | 06/30/08             |  |              |     | None     |               |   |       | 2             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 472     |   |  | $ | 1,172   | 
|Weather Forecasting Services                                                                        |  |  |  | Weather Decision Technologies, Inc.                                 |  | 2.2% preferred stock                                  |  |                 | 12/11/15             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 500     |   |  | $ | 500     | 
|Hand Tool Manufacturer                                                                              |  |  |  | Stride Tool Holdings, LLC                                           |  | 7.14% of Series A-2 LLC units                         |  |                 | 04/05/16             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       | $        | 500   |   |           |         |       |   |       | $ | 500     |   |  | $ | 500     | 
|Appliance Recycler #                                                                                |  |  |  | Appliance Recycling Centers of America, Inc.                        |  | 8.86% of common stock                                 |  |                 | 09/10/98             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 0       |   |  | $ | 475     | 
|Services related to advertising                                                                     |  |  |  | ADSCO Opco, LLC                                                     |  | 7.9% of LLC units of Class A Series A-2               |  |                 | 10/25/16             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       | $        | 400   |   |           |         |       |   |       | $ | 400     |   |  | $ | 400     | 
|Environmental Consulting Services                                                                   |  |  |  | Northern Technologies, LLC                                          |  | 7.98% of LLC units                                    |  |                 | 01/29/2016and12/5/16 |  |              |     | None     |               |   |       | 2             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       | $        | 350   |   |           |         |       |   |       | $ | 350     |   |  | $ | 351     | 
|Paper Tapes Manufacturer                                                                            |  |  |  | Liberty Paper Products Acquisition, LLC                             |  | 100% of Series A preferred LLC units12% total        |  |                 | 06/09/16             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       | $        | 350   |   |           |         |       |   |       | $ | 350     |   |  | $ | 350     | 
|Machinery Manufacturer                                                                              |  |  |  | Reel Power International, Inc.                                      |  | 2.65% of common stock                                 |  |                 | 08/04/08             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 318     |   |  | $ | 318     | 
|Stuffed Toy Manufacturer                                                                            |  |  |  | AA Plush Holdings, LLC                                              |  | 1.6% LLC common units                                 |  |                 | 08/15/14             |  |              |     | None     |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 300     |   |  | $ | 300     | 
|Investment Castings                                                                                 |  |  |  | Tech Cast Holdings LLC                                              |  | 4.14% LLC units                                       |  |                 | 12/12/14             |  |              |     | 12/12/19 |               |   |       | 1             |  |      |                  | *  |   |                     |        | 0.00  | %                                   |       | $      | 0                    |   |       |          |       |   |           |         |       |   |       | $ | 300     |   |  | $ | 300     | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2016



|                                                                                 |  |  |  |                                        |  |                                                       |  |                 |                   |  |              |     |                                   |               |  |      |               |  |   |                  |   |  |                     |        |      |                                     |   |         |                      |  |   |          |    |  |           |         |  |  |  |   |     |  |  |   |     | 
|-------------------------------------------------------------------------------- |  |  |  | -------------------------------------- |  | ----------------------------------------------------- |  | --------------- | ----------------- |  | ------------ | --- | --------------------------------- | ------------- |  | ---- | ------------- |  | - | ---------------- | - |  | ------------------- | ------ | ---- | ----------------------------------- | - | ------- | -------------------- |  | - | -------- | -- |  | --------- | ------- |  |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands)                                                           |  |  |  | Obligor Name                           |  | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |                   |  | MaturityDate |     |                                   | No. ofInvest. |  |      | % ofNetAssets |  |   | InterestRate (1) |   |  | CapitalizedInterest |        |      | OriginalCost of2016Acquisitions (5) |   |         | PrincipalOutstanding |  |   | Cost (4) |    |  | FairValue |        
|Machine Shop                                                                     |  |  |  | MicroGroup, Inc.                       |  | 5.5% common stock                                     |  |                 | 06/29/15          |  |              |     | None                              |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 300 |  |  | $ | 300 | 
|Baby Sleep Products                                                              |  |  |  | BB Opco, LLC d/b/a BreathableBaby, LLC |  | 3.6% LLC units                                        |  |                 | 08/01/14          |  |              |     | None                              |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 250 |  |  | $ | 250 | 
|Marketing Services                                                               |  |  |  | Third Century JRT Inc.                 |  | 13% common stock                                      |  |                 | 05/21/15          |  |              |     | None                              |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 200 |  |  | $ | 200 | 
|                                                                                 |  |  |  | Portu-Sunberg Marketing LLC            |  | Warrant for 2.85% of the outstanding stock            |  |                 | 12/31/12          |  |              |     | 07/24/20                          |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   |         |                      |  |   |          |    |  |           |         |  |  |  | $ | 0   |  |  | $ | 0   | 
|                                                                                 |  |  |  | Portu-Sunberg Marketing LLC            |  | 0.86% LLC units                                       |  |                 | 10/19/16          |  |              |     | None                              |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   | $        | 50 |  |           |         |  |  |  | $ | 50  |  |  | $ | 50  | 
|Manufacture Space Heaters, etc.                                                  |  |  |  | Pinnacle Products International, Inc.  |  | 0.5% common stock                                     |  |                 | 10/09/15          |  |              |     | None                              |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 135 |  |  | $ | 135 | 
|IT Services                                                                      |  |  |  | Centare Holdings, Inc.                 |  | 7.23% of common stock, 3.88% of preferred stock       |  |                 | 08/30/13          |  |              |     | None                              |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 104 |  |  | $ | 104 | 
|Food Manufacturer                                                                |  |  |  | PACA Foods, LLC                        |  | Warrant for 8% of the outstanding stock               |  |                 | 12/31/10          |  |              |     | 02/17/20                          |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 0   |  |  | $ | 0   | 
|Box Manufacturer                                                                 |  |  |  | Packaging Specialists, Inc. Southwest  |  | Warrant for 10% of the outstanding stock              |  |                 | 04/01/08          |  |              |     | 06/30/22                          |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 0   |  |  | $ | 0   | 
|Shelving Manufacturer                                                            |  |  |  | Storflex Holdings, Inc.                |  | Warrant for 1.7% of the outstanding stock             |  |                 | 07/17/12          |  |              |     | 02/05/23                          |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 0   |  |  | $ | 0   | 
|Engineering Design Service                                                       |  |  |  | DPIS Engineering LLC                   |  | Warrant for 180,000 Class C units                     |  |                 | 12/01/14          |  |              |     | 5thanniversaryof note paidin full |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 0   |  |  | $ | 0   | 
|Manufacturer of Pipe Fittings                                                    |  |  |  | GAF Acquisition LLC                    |  | Warrant for 2,041 shares of LLC units                 |  |                 | 03/06/14          |  |              |     | 5thanniversaryof note paidin full |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 0   |  |  | $ | 0   | 
|Surgical Supplies Manufacturer                                                   |  |  |  | Respiratory Technologies, Inc.         |  | Warrant for 38,000 Common shares                      |  |                 | 04/25/12          |  |              |     | 5thanniversaryof note paidin full |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 0   |  |  | $ | 0   | 
|Precision Investment Casting (Foundry)                                           |  |  |  | Waltek Acquisitions, Inc.              |  | Warrants for 323 shares of Common Stock               |  |                 | 3/31/06and1/29/10 |  |              |     | 5thanniversaryof note paidin full |               |  |      | 2             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   |          |    |  |           |         |  |  |  | $ | 0   |  |  | $ | 0   | 
|Hobbyists Supplies Merch. Wholesale                                             |  |  |  | Classic Brand, LLC                     |  | Warrant for 300,000 Class A units                     |  |                 | 01/08/16          |  |              |     | 01/08/26                          |               |  |      | 1             |  |   |                  | * |  |                     |        | 0.00 | %                                   |   | $       | 0                    |  |   | $        | 0  |  |           |         |  |  |  | $ | 0   |  |  | $ | 0   | 
|                                                                                 |  |  |  |                                        |  |                                                       |  |                 |                   |  |              |     |                                   |               |  |      |               |  |   |                  |   |  |                     |        |      |                                     |   |         |                      |  |   |          |    |  |           |         |  |  |  |   |     |  |  |   |     | 
|Equity investments, net                                                          |  |  |  |                                        |  |                                                       |  | 32              |                   |  |              | 3   | %                                 |               |  | 0    | %             |  |   |                  |   |  | $                   | 1,900  |      |                                     | $ | 0       |                      |  | $ | 4,533    |    |  | $         | 8,468   | 
|                                                                                 |  |  |  |                                        |  |                                                       |  |                 |                   |  |              |     |                                   |               |  |      |               |  |   |                  |   |  |                     |        |      |                                     |   |         |                      |  |   |          |    |  |           |         |  |  |  |   |     |  |  |   |     | 
|Investment securities                                                            |  |  |  |                                        |  |                                                       |  |                 |                   |  |              |     |                                   |               |  |      |               |  |   |                  |   |  |                     |        |      |                                     |   |         |                      |  |   |          |    |  |           |         | 
|Investment securities, net                                                       |  |  |  |                                        |  |                                                       |  | 0               |                   |  |              | 0   | %                                 |               |  |      |               |  | $ | 0                |   |  | $                   | 0      |      |                                     | $ | 0       |                      |  | $ | 0        |    |  | $         | 0       | 
|                                                                                 |  |  |  |                                        |  |                                                       |  |                 |                   |  |              |     |                                   |               |  |      |               |  |   |                  |   |  |                     |        |      |                                     |   |         |                      |  |   |          |    |  |           |         |  |  |  |   |     |  |  |   |     | 
|Net Investments ($231,494 pledged as collateral under borrowing arrangements)(3) |  |  |  |                                        |  |                                                       |  | 774             |                   |  |              | 228 | %                                 |               |  | 4.94 | %             |  | $ | 6,791            |   |  | $                   | 42,553 |      |                                     | $ | 381,190 |                      |  | $ | 525,319  |    |  | $         | 652,278 | 
|                                                                                 |  |  |  |                                        |  |                                                       |  |                 |                   |  |              |     |                                   |               |  |      |               |  |   |                  |   |  |                     |        |      |                                     |   |         |                      |  |   |          |    |  |           |         |  |  |  |   |     |  |  |   |     | 



|(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 and other commercial loans was $6,791 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 228%.
|--- | --------------------------------------------------------------------

|(4) | Gross unrealized appreciation, gross unrealized depreciation and net appreciation for federal income tax purposes totaled $210,510, $31,028 and $179,482, respectively.
The tax cost of investments was $472,796.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | For revolving lines of credit the amount shown is the cost at December 31, 2016.
|--- | --------------------------------------------------------------------------------

|* | 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 52% and up to 43% on a consolidated basis. Under the 1940 Act, we may not acquire any non-qualifying assets, unless at the time such acquisition is made, qualifying assets,
which include securities of eligible portfolio companies, represent at least 70% of our total assets. The status of these assets under the 1940 Act are subject to change. We monitor the status of these assets on an ongoing 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, 2016.
|- | ------------------------------------------------------------------------------------------------