Exhibit 99.1

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                       |  |                                 |  |                                                     |  |                 |  |              |  |               |     |  |               |  |    |                  |  |  |                     |   |  |                                       |   |  |          |   |       |           |  |   |         |  |  |   |         | 
|---------------------- |  | ------------------------------- |  | --------------------------------------------------- |  | --------------- |  | ------------ |  | ------------- | --- |  | ------------- |  | -- | ---------------- |  |  | ------------------- | - |  | ------------------------------------- | - |  | -------- | - | ----- | --------- |  | - | ------- |  |  | - | ------- | 
|(Dollars in thousands) |  | Obligor Name                    |  | Security Type(all restricted 
unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | No. ofInvest. |     |  | % ofNetAssets |  |    | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost 
of2015Acquisitions 
(5) |   |  | Cost (4) |   |       | FairValue | 
|Medallion Loans        |  |                                 |  |                                                     |  |                 |  |              |  |               |     |  |               |  |    |                  |  |  |                     |   |  |                                       |   |  |          |   |       |           |  |   |         |  |  |   |         | 
|New York               |  |                                 |  |                                                     |  |                 |  |              |  |               | 373 |  |               |  | 77 | %                |  |  | 3.61                | % |  | $                                     | 0 |  |          | $ | 4,399 |           |  | $ | 211,594 |  |  | $ | 211,660 | 
|                       |  | Real Cab Corp ##                |  | Term Loan                                           |  | 07/20/07        |  | 07/20/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 2.81                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 2,545   |  |  | $ | 2,545   | 
|                       |  | Real Cab Corp ##                |  | Term Loan                                           |  | 08/19/14        |  | 07/20/17     |  |               | 1   |  |               |  | *  |                  |  |  | 3.31                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,314   |  |  | $ | 1,314   | 
|                       |  | Real Cab Corp ##                |  | Term Loan                                           |  | 07/20/07        |  | 07/20/17     |  |               | 1   |  |               |  | *  |                  |  |  | 2.81                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 350     |  |  | $ | 350     | 
|                       |  | Sean Cab Corp ##                |  | Term Loan                                           |  | 12/09/11        |  | 12/08/15     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.60                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 3,453   |  |  | $ | 3,446   | 
|                       |  | Slo Cab Corp ##                 |  | Term Loan                                           |  | 07/20/07        |  | 07/20/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 2.81                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,527   |  |  | $ | 1,527   | 
|                       |  | Slo Cab Corp ##                 |  | Term Loan                                           |  | 08/19/14        |  | 07/20/17     |  |               | 1   |  |               |  | *  |                  |  |  | 3.31                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 788     |  |  | $ | 788     | 
|                       |  | Slo Cab Corp ##                 |  | Term Loan                                           |  | 07/20/07        |  | 07/20/17     |  |               | 1   |  |               |  | *  |                  |  |  | 2.81                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 210     |  |  | $ | 210     | 
|                       |  | Whispers Taxi Inc ##            |  | Term Loan                                           |  | 05/28/13        |  | 05/28/16     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.35                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 2,091   |  |  | $ | 2,088   | 
|                       |  | Esg Hacking Corp ##             |  | Term Loan                                           |  | 03/12/14        |  | 03/12/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,795   |  |  | $ | 1,801   | 
|                       |  | Sag Taxi LLC ##                 |  | Term Loan                                           |  | 03/28/14        |  | 03/28/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,789   |  |  | $ | 1,791   | 
|                       |  | Pontios Taxi LLC ##             |  | Term Loan                                           |  | 03/28/14        |  | 03/28/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,789   |  |  | $ | 1,791   | 
|                       |  | Kos Taxi LLC ##                 |  | Term Loan                                           |  | 03/28/14        |  | 03/28/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,787   |  |  | $ | 1,789   | 
|                       |  | Ikaria Taxi LLC ##              |  | Term Loan                                           |  | 03/28/14        |  | 03/28/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,787   |  |  | $ | 1,789   | 
|                       |  | Yosi Transit Inc ##             |  | Term Loan                                           |  | 07/20/07        |  | 07/20/17     |  |               | 1   |  |               |  | *  |                  |  |  | 2.81                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,018   |  |  | $ | 1,018   | 
|                       |  | Yosi Transit Inc ##             |  | Term Loan                                           |  | 08/19/14        |  | 07/20/17     |  |               | 1   |  |               |  | *  |                  |  |  | 3.31                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 526     |  |  | $ | 526     | 
|                       |  | Yosi Transit Inc ##             |  | Term Loan                                           |  | 07/20/07        |  | 07/20/17     |  |               | 1   |  |               |  | *  |                  |  |  | 2.81                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 140     |  |  | $ | 140     | 
|                       |  | Silke Hacking Corp ##           |  | Term Loan                                           |  | 03/26/14        |  | 03/26/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.38                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,534   |  |  | $ | 1,536   | 
|                       |  | Hamilton Transit LLC ##         |  | Term Loan                                           |  | 03/26/14        |  | 03/26/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.38                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,530   |  |  | $ | 1,535   | 
|                       |  | Kaderee M & G Corp ##           |  | Term Loan                                           |  | 03/26/14        |  | 03/26/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.38                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,530   |  |  | $ | 1,532   | 
|                       |  | Daytona Hacking Corp ##         |  | Term Loan                                           |  | 03/26/14        |  | 03/26/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.38                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,529   |  |  | $ | 1,531   | 
|                       |  | Nancy Transit Inc ##            |  | Term Loan                                           |  | 03/11/13        |  | 03/11/16     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,503   |  |  | $ | 1,501   | 
|                       |  | Christian Cab Corp              |  | Term Loan                                           |  | 11/27/12        |  | 11/27/15     |  |               | 1   |  |               |  | 1  | %                |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,500   |  |  | $ | 1,500   | 
|                       |  | Bunty & Jyoti Inc ##            |  | Term Loan                                           |  | 03/13/13        |  | 03/13/16     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,498   |  |  | $ | 1,496   | 
|                       |  | Lety Cab Corp ##                |  | Term Loan                                           |  | 10/21/10        |  | 10/20/15     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.13                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,494   |  |  | $ | 1,491   | 
|                       |  | Junaid Trans Corp ##            |  | Term Loan                                           |  | 04/30/13        |  | 04/30/16     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,480   |  |  | $ | 1,478   | 
|                       |  | Ocean Hacking Corp ##           |  | Term Loan                                           |  | 12/20/13        |  | 12/20/16     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,451   |  |  | $ | 1,452   | 
|                       |  | Jacal Hacking Corp ##           |  | Term Loan                                           |  | 12/20/13        |  | 12/20/16     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,451   |  |  | $ | 1,451   | 
|                       |  | Penegali Taxi LLC ##            |  | Term Loan                                           |  | 12/11/14        |  | 12/10/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,392   |  |  | $ | 1,394   | 
|                       |  | Avi Taxi Corporation ##         |  | Term Loan                                           |  | 04/11/14        |  | 04/11/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,394   |  |  | $ | 1,393   | 
|                       |  | Kby Taxi Inc ##                 |  | Term Loan                                           |  | 04/11/14        |  | 04/11/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,394   |  |  | $ | 1,393   | 
|                       |  | Anniversary Taxi Corp ##        |  | Term Loan                                           |  | 04/11/14        |  | 04/11/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,394   |  |  | $ | 1,393   | 
|                       |  | Apple Cab Corp ##               |  | Term Loan                                           |  | 04/11/14        |  | 04/11/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,394   |  |  | $ | 1,393   | 
|                       |  | Hj Taxi Corp ##                 |  | Term Loan                                           |  | 04/11/14        |  | 04/11/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,394   |  |  | $ | 1,393   | 
|                       |  | Benson Hacking Corp ##          |  | Term Loan                                           |  | 05/28/13        |  | 05/28/16     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.35                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,394   |  |  | $ | 1,392   | 
|                       |  | Dayna Hacking Corp ##           |  | Term Loan                                           |  | 05/28/13        |  | 05/28/16     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.35                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,394   |  |  | $ | 1,392   | 
|                       |  | Devin Taxi Corp ##              |  | Term Loan                                           |  | 05/28/13        |  | 05/28/16     |  |               | 1   |  |               |  | 1  | %                |  |  | 3.35                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,394   |  |  | $ | 1,392   | 
|                       |  | Orys Trans Corp ##              |  | Term Loan                                           |  | 07/24/13        |  | 11/24/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 2.75                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,387   |  |  | $ | 1,388   | 
|                       |  | Alltaxitwo Cab Corp ##          |  | Term Loan                                           |  | 07/24/13        |  | 11/24/17     |  |               | 1   |  |               |  | 1  | %                |  |  | 2.75                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,387   |  |  | $ | 1,388   | 
|                       |  | Sonu-Seema Corp ##              |  | Term Loan                                           |  | 12/07/12        |  | 12/07/15     |  |               | 1   |  |               |  | *  |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,370   |  |  | $ | 1,368   | 
|                       |  | Lil Amandachaka Hacking Corp ## |  | Term Loan                                           |  | 07/23/13        |  | 07/23/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,356   |  |  | $ | 1,357   | 
|                       |  | Flow Taxi Corp ##               |  | Term Loan                                           |  | 07/23/13        |  | 07/23/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,356   |  |  | $ | 1,357   | 
|                       |  | Ukraine Service Co ##           |  | Term Loan                                           |  | 07/23/13        |  | 07/23/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,356   |  |  | $ | 1,357   | 
|                       |  | Uddin Taxi Corp ##              |  | Term Loan                                           |  | 11/14/12        |  | 11/14/15     |  |               | 1   |  |               |  | *  |                  |  |  | 5.25                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,332   |  |  | $ | 1,330   | 
|                       |  | Perem Hacking Corp ##           |  | Term Loan                                           |  | 02/21/13        |  | 02/21/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,313   |  |  | $ | 1,311   | 
|                       |  | S600 Service Co Inc ##          |  | Term Loan                                           |  | 02/21/13        |  | 02/21/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,313   |  |  | $ | 1,311   | 
|                       |  | Concourse Cab Corp ##           |  | Term Loan                                           |  | 11/14/13        |  | 11/14/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,292   |  |  | $ | 1,297   | 
|                       |  | Ela Papou LLC ##                |  | Term Loan                                           |  | 06/27/14        |  | 06/27/17     |  |               | 1   |  |               |  | *  |                  |  |  | 3.63                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,294   |  |  | $ | 1,296   | 
|                       |  | Cfn Cab Corp ##                 |  | Term Loan                                           |  | 02/26/14        |  | 02/26/18     |  |               | 1   |  |               |  | *  |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,283   |  |  | $ | 1,285   | 
|                       |  | Miklos Hacking Corp ##          |  | Term Loan                                           |  | 02/26/14        |  | 02/26/18     |  |               | 1   |  |               |  | *  |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,283   |  |  | $ | 1,285   | 
|                       |  | Amme Taxi Inc ##                |  | Term Loan                                           |  | 10/21/13        |  | 10/21/18     |  |               | 1   |  |               |  | *  |                  |  |  | 3.70                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,254   |  |  | $ | 1,254   | 
|                       |  | Ming Trans Corp ##              |  | Term Loan                                           |  | 11/19/12        |  | 12/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.70                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,228   |  |  | $ | 1,226   | 
|                       |  | Ride Yellow LLC ##              |  | Term Loan                                           |  | 02/01/13        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,200   |  |  | $ | 1,198   | 
|                       |  | Avilie Service Inc ##           |  | Term Loan                                           |  | 02/11/13        |  | 02/11/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,130   |  |  | $ | 1,131   | 
|                       |  | Tosal Hacking Corp ##           |  | Term Loan                                           |  | 04/01/13        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,126   |  |  | $ | 1,126   | 
|                       |  | Red Army Cab Corp ##            |  | Term Loan                                           |  | 02/21/13        |  | 08/21/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,107   |  |  | $ | 1,105   | 
|                       |  | New Direction Cab Corp ##       |  | Term Loan                                           |  | 11/18/11        |  | 11/18/17     |  |               | 1   |  |               |  | *  |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,101   |  |  | $ | 1,099   | 
|                       |  | Big Ari Taxi Corp ##            |  | Term Loan                                           |  | 08/14/13        |  | 08/14/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.80                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,092   |  |  | $ | 1,093   | 
|                       |  | D & G Taxi Inc ##               |  | Term Loan                                           |  | 05/28/13        |  | 05/28/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.35                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,087   |  |  | $ | 1,086   | 
|                       |  | Bellsky Taxi LLC ##             |  | Term Loan                                           |  | 08/14/13        |  | 08/14/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.80                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,084   |  |  | $ | 1,084   | 
|                       |  | Gaultier Hacking Corp ##        |  | Term Loan                                           |  | 08/27/12        |  | 08/27/15     |  |               | 1   |  |               |  | *  |                  |  |  | 3.90                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,073   |  |  | $ | 1,072   | 
|                       |  | Jump Service Co Inc ##          |  | Term Loan                                           |  | 02/11/13        |  | 02/22/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.80                | % |  | $                                     | 0 |  |          |   |       |           |  | $ | 1,058   |  |  | $ | 1,056   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                       |  |                                   |  |                                                     |  |                 |  |              |  |               |   |  |               |  |   |                  |  |  |                     |   |  |                                       |   |  |          |   |     |           |  |   |       |  |  |   |       | 
|---------------------- |  | --------------------------------- |  | --------------------------------------------------- |  | --------------- |  | ------------ |  | ------------- | - |  | ------------- |  | - | ---------------- |  |  | ------------------- | - |  | ------------------------------------- | - |  | -------- | - | --- | --------- |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted 
unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | No. ofInvest. |   |  | % ofNetAssets |  |   | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost 
of2015Acquisitions 
(5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Rs Hacking Corp ##                |  | Term Loan                                           |  | 05/28/13        |  | 05/28/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.35                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 1,052 |  |  | $ | 1,051 | 
|                       |  | Humidity Hacking Corp ##          |  | Term Loan                                           |  | 03/07/13        |  | 03/07/18     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 1,022 |  |  | $ | 1,025 | 
|                       |  | Whats Yellow LLC ##               |  | Term Loan                                           |  | 10/03/12        |  | 10/03/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.65                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 1,019 |  |  | $ | 1,019 | 
|                       |  | Nelsk Taxi Inc ##                 |  | Term Loan                                           |  | 08/20/13        |  | 08/20/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 983   |  |  | $ | 984   | 
|                       |  | Global Agami Cab LLC ##           |  | Term Loan                                           |  | 02/27/13        |  | 06/02/17     |  |               | 1 |  |               |  | * |                  |  |  | 2.88                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 974   |  |  | $ | 973   | 
|                       |  | Universal Agami Transit Inc ##    |  | Term Loan                                           |  | 02/27/13        |  | 06/02/17     |  |               | 1 |  |               |  | * |                  |  |  | 2.88                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 974   |  |  | $ | 973   | 
|                       |  | Planet Agami Cab LLC ##           |  | Term Loan                                           |  | 02/27/13        |  | 06/02/17     |  |               | 1 |  |               |  | * |                  |  |  | 2.88                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 974   |  |  | $ | 973   | 
|                       |  | M.Y. Taxi Inc ##                  |  | Term Loan                                           |  | 01/06/11        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 960   |  |  | $ | 960   | 
|                       |  | Holdem Cab Corp ##                |  | Term Loan                                           |  | 04/10/13        |  | 04/10/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 947   |  |  | $ | 946   | 
|                       |  | Go Boy Cab Corp ##                |  | Term Loan                                           |  | 04/10/13        |  | 04/10/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 947   |  |  | $ | 946   | 
|                       |  | Typhoon Hacking Corp ##           |  | Term Loan                                           |  | 05/30/13        |  | 05/30/18     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 930   |  |  | $ | 932   | 
|                       |  | Hedy Hacking Corp. ##             |  | Term Loan                                           |  | 05/30/13        |  | 05/30/18     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 930   |  |  | $ | 932   | 
|                       |  | Nedrag Trans Corp ##              |  | Term Loan                                           |  | 05/30/13        |  | 05/30/18     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 930   |  |  | $ | 932   | 
|                       |  | Btr Taxi Inc ##                   |  | Term Loan                                           |  | 06/16/14        |  | 06/16/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 883   |  |  | $ | 885   | 
|                       |  | Iddy Biddy Cab Corp ##            |  | Term Loan                                           |  | 08/06/10        |  | 08/05/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.13                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 828   |  |  | $ | 826   | 
|                       |  | Malcolm Hacking Corp ##           |  | Term Loan                                           |  | 08/06/10        |  | 08/05/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.13                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 828   |  |  | $ | 826   | 
|                       |  | Jbob Hacking Corp ##              |  | Term Loan                                           |  | 08/06/10        |  | 08/05/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.13                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 828   |  |  | $ | 826   | 
|                       |  | Oyaz Hacking Corp ##              |  | Term Loan                                           |  | 08/06/10        |  | 08/05/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.13                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 828   |  |  | $ | 826   | 
|                       |  | Asterik Cab Co Inc ##             |  | Term Loan                                           |  | 02/17/12        |  | 02/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.90                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 811   |  |  | $ | 812   | 
|                       |  | Agape-Mou Cab Corp ##             |  | Term Loan                                           |  | 02/17/12        |  | 02/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.90                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 811   |  |  | $ | 812   | 
|                       |  | Copper One Cab Corp ##            |  | Term Loan                                           |  | 02/17/12        |  | 02/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.90                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 811   |  |  | $ | 812   | 
|                       |  | Ghotra & Ghotra LLC               |  | Term Loan                                           |  | 12/19/13        |  | 12/19/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.85                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 808   |  |  | $ | 812   | 
|                       |  | Gur & Dev Taxi LLC                |  | Term Loan                                           |  | 02/18/14        |  | 02/18/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.88                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 799   |  |  | $ | 803   | 
|                       |  | Gurpreet Singh & Manpreet Sing ## |  | Term Loan                                           |  | 06/25/13        |  | 06/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.88                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 800   |  |  | $ | 801   | 
|                       |  | Arman And Mehtab Padda Taxi Co ## |  | Term Loan                                           |  | 06/19/13        |  | 06/19/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.88                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 796   |  |  | $ | 797   | 
|                       |  | Garcha Randhawa Taxi Corp ##      |  | Term Loan                                           |  | 05/31/13        |  | 05/30/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.88                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 796   |  |  | $ | 797   | 
|                       |  | Zus Trading Inc ##                |  | Term Loan                                           |  | 08/09/13        |  | 08/09/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.85                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 789   |  |  | $ | 790   | 
|                       |  | Ede Service Corp                  |  | Term Loan                                           |  | 08/19/14        |  | 07/20/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.31                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 788   |  |  | $ | 788   | 
|                       |  | Danny Truong ##                   |  | Term Loan                                           |  | 07/30/14        |  | 07/30/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 780   |  |  | $ | 777   | 
|                       |  | Ghulam Abbas ##                   |  | Term Loan                                           |  | 04/17/13        |  | 04/17/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.80                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 775   |  |  | $ | 776   | 
|                       |  | Dhuri And Barnala Cab Corp ##     |  | Term Loan                                           |  | 06/03/13        |  | 06/03/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.80                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 775   |  |  | $ | 776   | 
|                       |  | Haroon Sharif ##                  |  | Term Loan                                           |  | 05/21/13        |  | 05/21/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.80                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 773   |  |  | $ | 774   | 
|                       |  | Alika Awan Trans Corp ##          |  | Term Loan                                           |  | 09/04/13        |  | 09/04/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.85                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 757   |  |  | $ | 758   | 
|                       |  | Espiye Taxi Corp                  |  | Term Loan                                           |  | 05/23/14        |  | 05/23/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 760   |  |  | $ | 758   | 
|                       |  | Senoz Cab Corp                    |  | Term Loan                                           |  | 05/23/14        |  | 05/23/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.85                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 758   |  |  | $ | 756   | 
|                       |  | Gilberto Barrera ##               |  | Term Loan                                           |  | 04/02/14        |  | 04/02/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 753   |  |  | $ | 754   | 
|                       |  | Zahav Taxi LLC ##                 |  | Term Loan                                           |  | 07/16/12        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 750   |  |  | $ | 751   | 
|                       |  | 1212 Taxi LLC ##                  |  | Term Loan                                           |  | 01/06/11        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 750   |  |  | $ | 750   | 
|                       |  | Samiullah Zaman ##                |  | Term Loan                                           |  | 04/07/14        |  | 04/07/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 742   |  |  | $ | 744   | 
|                       |  | Binh Pham ##                      |  | Term Loan                                           |  | 04/23/14        |  | 04/23/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 739   |  |  | $ | 739   | 
|                       |  | Hot Wheels Taxi LLC ##            |  | Term Loan                                           |  | 03/01/13        |  | 12/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 738   |  |  | $ | 738   | 
|                       |  | Rakesh Aggarwal & Jasvir Singh ## |  | Term Loan                                           |  | 05/07/14        |  | 05/07/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.85                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 735   |  |  | $ | 735   | 
|                       |  | Joseph Gerard Pierre ##           |  | Term Loan                                           |  | 07/07/14        |  | 07/07/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 734   |  |  | $ | 734   | 
|                       |  | New Express Cab Corp              |  | Term Loan                                           |  | 03/31/15        |  | 03/30/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          | $ | 734 |           |  | $ | 734   |  |  | $ | 734   | 
|                       |  | Mandeep Multani & Ravinder Sin ## |  | Term Loan                                           |  | 03/19/14        |  | 03/19/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.90                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 731   |  |  | $ | 731   | 
|                       |  | Carlos Govea ##                   |  | Term Loan                                           |  | 06/05/14        |  | 06/05/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 727   |  |  | $ | 728   | 
|                       |  | Jose F Pimentel ##                |  | Term Loan                                           |  | 05/14/14        |  | 05/14/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 726   |  |  | $ | 724   | 
|                       |  | Atef A Khalil ##                  |  | Term Loan                                           |  | 07/09/14        |  | 07/09/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.85                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 719   |  |  | $ | 721   | 
|                       |  | Carmay Latendresse ##             |  | Term Loan                                           |  | 05/19/14        |  | 05/19/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 721   |  |  | $ | 721   | 
|                       |  | Ilker Altaygil ##                 |  | Term Loan                                           |  | 07/18/13        |  | 07/18/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 718   |  |  | $ | 719   | 
|                       |  | Samy Baddar ##                    |  | Term Loan                                           |  | 07/18/13        |  | 07/18/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 718   |  |  | $ | 719   | 
|                       |  | Amr Aly Shafshak ## &             |  | Term Loan                                           |  | 11/04/13        |  | 11/04/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.13                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 717   |  |  | $ | 717   | 
|                       |  | Joseph R Jean ##                  |  | Term Loan                                           |  | 04/15/13        |  | 04/15/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 711   |  |  | $ | 711   | 
|                       |  | Jaswinder Singh ##                |  | Term Loan                                           |  | 03/29/13        |  | 03/29/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.80                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 707   |  |  | $ | 706   | 
|                       |  | Bliss Cab Corp ##                 |  | Term Loan                                           |  | 10/21/10        |  | 10/20/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.13                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 701   |  |  | $ | 700   | 
|                       |  | Leo P. Roland ##                  |  | Term Loan                                           |  | 12/03/13        |  | 12/03/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 698   |  |  | $ | 699   | 
|                       |  | Aminder Pal Singh ##              |  | Term Loan                                           |  | 11/21/13        |  | 11/21/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 697   |  |  | $ | 698   | 
|                       |  | Georges Salomon &                 |  | Term Loan                                           |  | 08/04/14        |  | 08/04/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 715   |  |  | $ | 696   | 
|                       |  | Bruce Schneider ##                |  | Term Loan                                           |  | 05/10/13        |  | 05/10/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 697   |  |  | $ | 696   | 
|                       |  | Kawarjeet Singh & Maan Singh ##   |  | Term Loan                                           |  | 05/15/13        |  | 05/15/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 693   |  |  | $ | 694   | 
|                       |  | Mukhtiar Singh ##                 |  | Term Loan                                           |  | 08/29/14        |  | 08/29/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 691   |  |  | $ | 693   | 
|                       |  | Avtar Singh ##                    |  | Term Loan                                           |  | 08/29/14        |  | 08/29/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 691   |  |  | $ | 693   | 
|                       |  | Nobert Auguste                    |  | Term Loan                                           |  | 05/02/14        |  | 05/02/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.15                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 690   |  |  | $ | 690   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                       |  |                                   |  |                                                     |  |                 |  |              |  |               |   |  |               |  |   |                  |  |  |                     |   |  |                                     |   |          |  |  |           |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | --------------------------------------------------- |  | --------------- |  | ------------ |  | ------------- | - |  | ------------- |  | - | ---------------- |  |  | ------------------- | - |  | ----------------------------------- | - | -------- |  |  | --------- | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted 
unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | No. ofInvest. |   |  | % ofNetAssets |  |   | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost of2015Acquisitions (5) |   | Cost (4) |  |  | FairValue |  
|                       |  | Gilzian Enterprise LLC ##         |  | Term Loan                                           |  | 05/22/14        |  | 05/22/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.88                | % |  | $                                   | 0 |          |  |  |           | $ | 687 |  |  | $ | 687 | 
|                       |  | Yvon Louissaint ##                |  | Term Loan                                           |  | 02/20/14        |  | 02/20/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.88                | % |  | $                                   | 0 |          |  |  |           | $ | 681 |  |  | $ | 683 | 
|                       |  | Strivers Way Inc ##               |  | Term Loan                                           |  | 12/17/13        |  | 12/17/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.85                | % |  | $                                   | 0 |          |  |  |           | $ | 680 |  |  | $ | 681 | 
|                       |  | Eugenio & Ayodele Trans Corp ## & |  | Term Loan                                           |  | 09/26/13        |  | 09/26/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |          |  |  |           | $ | 678 |  |  | $ | 679 | 
|                       |  | Sukhdev Singh & Harpal S Bhola ## |  | Term Loan                                           |  | 12/04/13        |  | 12/04/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 675 |  |  | $ | 676 | 
|                       |  | Balwinder Singh ##                |  | Term Loan                                           |  | 09/16/13        |  | 09/16/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 674 |  |  | $ | 675 | 
|                       |  | Marian Cab Corp ##                |  | Term Loan                                           |  | 06/19/12        |  | 06/19/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 675 |  |  | $ | 674 | 
|                       |  | Parvinder Singh ##                |  | Term Loan                                           |  | 08/13/13        |  | 08/13/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                   | 0 |          |  |  |           | $ | 671 |  |  | $ | 671 | 
|                       |  | Amr & Rina Taxi Inc ## &          |  | Term Loan                                           |  | 07/15/13        |  | 07/15/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 668 |  |  | $ | 669 | 
|                       |  | Preslert Louis ##                 |  | Term Loan                                           |  | 05/30/13        |  | 05/30/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 667 |  |  | $ | 668 | 
|                       |  | Shanu Miah ##                     |  | Term Loan                                           |  | 06/20/13        |  | 06/20/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                   | 0 |          |  |  |           | $ | 664 |  |  | $ | 665 | 
|                       |  | Rousseau Ductan ## &              |  | Term Loan                                           |  | 05/01/13        |  | 05/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.90                | % |  | $                                   | 0 |          |  |  |           | $ | 664 |  |  | $ | 664 | 
|                       |  | Tripta Nfn & Jagdeep Kumar Cab    |  | Term Loan                                           |  | 11/12/14        |  | 11/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 659 |  |  | $ | 664 | 
|                       |  | Anwar Khalifa ##                  |  | Term Loan                                           |  | 08/07/14        |  | 08/07/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |          |  |  |           | $ | 659 |  |  | $ | 659 | 
|                       |  | Kerolus Waheib Makhail            |  | Term Loan                                           |  | 12/27/12        |  | 12/27/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 659 |  |  | $ | 659 | 
|                       |  | Joseph Paul Desir ##              |  | Term Loan                                           |  | 07/28/14        |  | 07/28/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.10                | % |  | $                                   | 0 |          |  |  |           | $ | 656 |  |  | $ | 658 | 
|                       |  | Joseph L Flovel ##                |  | Term Loan                                           |  | 10/31/13        |  | 10/30/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                   | 0 |          |  |  |           | $ | 654 |  |  | $ | 657 | 
|                       |  | Gerardo Barrera ##                |  | Term Loan                                           |  | 08/08/14        |  | 08/08/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 653 |  |  | $ | 654 | 
|                       |  | Shahdad Bhatti Cab Corp ##        |  | Term Loan                                           |  | 08/18/14        |  | 08/18/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.37                | % |  | $                                   | 0 |          |  |  |           | $ | 652 |  |  | $ | 653 | 
|                       |  | Alexander Vizueta ## &            |  | Term Loan                                           |  | 04/01/14        |  | 04/01/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |          |  |  |           | $ | 652 |  |  | $ | 652 | 
|                       |  | Jordan O Ohene ##                 |  | Term Loan                                           |  | 05/24/13        |  | 05/24/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 645 |  |  | $ | 647 | 
|                       |  | Jasvir S Dhaliwal ##              |  | Term Loan                                           |  | 07/01/13        |  | 07/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |          |  |  |           | $ | 643 |  |  | $ | 643 | 
|                       |  | Pierre Goguin Joseph ##           |  | Term Loan                                           |  | 03/06/13        |  | 03/06/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 640 |  |  | $ | 640 | 
|                       |  | Brunet Lucas ##                   |  | Term Loan                                           |  | 06/06/13        |  | 06/06/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 641 |  |  | $ | 640 | 
|                       |  | Donald Singh ##                   |  | Term Loan                                           |  | 10/11/13        |  | 10/11/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 637 |  |  | $ | 637 | 
|                       |  | Charanjeet Kaur & Manjit Singh ## |  | Term Loan                                           |  | 10/28/13        |  | 10/28/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 631 |  |  | $ | 632 | 
|                       |  | Aujla Cab Corp ##                 |  | Term Loan                                           |  | 04/23/14        |  | 04/23/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 629 |  |  | $ | 629 | 
|                       |  | Albro Hacking, Corp. ##           |  | Term Loan                                           |  | 07/10/14        |  | 07/10/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                   | 0 |          |  |  |           | $ | 621 |  |  | $ | 623 | 
|                       |  | Lesly Jeanjoseph ##               |  | Term Loan                                           |  | 05/08/13        |  | 05/08/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 620 |  |  | $ | 620 | 
|                       |  | Spyridon Tzorzis ##               |  | Term Loan                                           |  | 07/10/13        |  | 07/10/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 608 |  |  | $ | 609 | 
|                       |  | Joseph W Charles                  |  | Term Loan                                           |  | 05/27/14        |  | 05/27/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.70                | % |  | $                                   | 0 |          |  |  |           | $ | 606 |  |  | $ | 608 | 
|                       |  | Michael Avitan ##                 |  | Term Loan                                           |  | 04/11/13        |  | 04/11/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.90                | % |  | $                                   | 0 |          |  |  |           | $ | 606 |  |  | $ | 607 | 
|                       |  | Mohammed Hossen & Abrar Hanif ##  |  | Term Loan                                           |  | 03/11/13        |  | 03/11/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 607 |  |  | $ | 607 | 
|                       |  | Man Singh ##                      |  | Term Loan                                           |  | 02/25/13        |  | 02/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 606 |  |  | $ | 605 | 
|                       |  | Mian Cab Corp ##                  |  | Term Loan                                           |  | 01/21/14        |  | 01/21/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 603 |  |  | $ | 604 | 
|                       |  | Marc C Bastien ##                 |  | Term Loan                                           |  | 04/11/13        |  | 04/10/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.65                | % |  | $                                   | 0 |          |  |  |           | $ | 599 |  |  | $ | 600 | 
|                       |  | Guivarch Thimothe &               |  | Term Loan                                           |  | 09/19/12        |  | 09/19/15     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |          |  |  |           | $ | 599 |  |  | $ | 599 | 
|                       |  | Patrick Sattaur ##                |  | Term Loan                                           |  | 03/15/13        |  | 03/15/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                   | 0 |          |  |  |           | $ | 597 |  |  | $ | 597 | 
|                       |  | Anmol Usa LLC ##                  |  | Term Loan                                           |  | 10/01/14        |  | 09/26/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 595 |  |  | $ | 594 | 
|                       |  | Guy Merisier ##                   |  | Term Loan                                           |  | 07/25/14        |  | 07/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.13                | % |  | $                                   | 0 |          |  |  |           | $ | 591 |  |  | $ | 593 | 
|                       |  | Tarek Elsaid ##                   |  | Term Loan                                           |  | 05/12/14        |  | 05/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                   | 0 |          |  |  |           | $ | 587 |  |  | $ | 589 | 
|                       |  | Oradeanul Taxi Corp ##            |  | Term Loan                                           |  | 01/30/13        |  | 02/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                   | 0 |          |  |  |           | $ | 585 |  |  | $ | 585 | 
|                       |  | Sushil Maggoo ##                  |  | Term Loan                                           |  | 12/14/12        |  | 12/14/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 584 |  |  | $ | 584 | 
|                       |  | Turgut Duman ##                   |  | Term Loan                                           |  | 12/06/12        |  | 12/06/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 584 |  |  | $ | 584 | 
|                       |  | Manuel F Pena ##                  |  | Term Loan                                           |  | 11/26/13        |  | 11/26/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 579 |  |  | $ | 580 | 
|                       |  | Humberto Ontaneda ##              |  | Term Loan                                           |  | 10/17/13        |  | 10/17/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 578 |  |  | $ | 580 | 
|                       |  | Alexander A Malamud ##            |  | Term Loan                                           |  | 02/28/13        |  | 02/28/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.55                | % |  | $                                   | 0 |          |  |  |           | $ | 573 |  |  | $ | 574 | 
|                       |  | Jean J Monteau ##                 |  | Term Loan                                           |  | 12/06/12        |  | 12/06/15     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 575 |  |  | $ | 574 | 
|                       |  | Roudy Moliere &Jean B Letang ##   |  | Term Loan                                           |  | 12/17/12        |  | 12/17/15     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |          |  |  |           | $ | 572 |  |  | $ | 571 | 
|                       |  | Rafi Mohammad ##                  |  | Term Loan                                           |  | 02/27/13        |  | 02/27/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 569 |  |  | $ | 569 | 
|                       |  | I&I Cab Corp ##                   |  | Term Loan                                           |  | 03/19/13        |  | 03/19/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.60                | % |  | $                                   | 0 |          |  |  |           | $ | 568 |  |  | $ | 568 | 
|                       |  | Erwich Chery                      |  | Term Loan                                           |  | 09/29/14        |  | 09/29/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 565 |  |  | $ | 567 | 
|                       |  | Eli Parada ##                     |  | Term Loan                                           |  | 11/27/13        |  | 11/27/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.65                | % |  | $                                   | 0 |          |  |  |           | $ | 561 |  |  | $ | 562 | 
|                       |  | Newton Sodhi ##                   |  | Term Loan                                           |  | 05/06/13        |  | 05/06/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.38                | % |  | $                                   | 0 |          |  |  |           | $ | 559 |  |  | $ | 558 | 
|                       |  | Olmedo Nocua ##                   |  | Term Loan                                           |  | 08/27/14        |  | 08/27/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.90                | % |  | $                                   | 0 |          |  |  |           | $ | 542 |  |  | $ | 543 | 
|                       |  | Tamimu Aliu ##                    |  | Term Loan                                           |  | 05/28/13        |  | 05/28/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |          |  |  |           | $ | 543 |  |  | $ | 543 | 
|                       |  | Rafael A Pena ##                  |  | Term Loan                                           |  | 09/18/13        |  | 09/18/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 540 |  |  | $ | 541 | 
|                       |  | Dani Taxi Inc/Mbank               |  | Term Loan                                           |  | 07/16/12        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                   | 0 |          |  |  |           | $ | 541 |  |  | $ | 541 | 
|                       |  | Magloire David ##                 |  | Term Loan                                           |  | 09/09/13        |  | 09/09/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.95                | % |  | $                                   | 0 |          |  |  |           | $ | 540 |  |  | $ | 540 | 
|                       |  | Luis E Perez ##                   |  | Term Loan                                           |  | 03/19/14        |  | 03/19/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 537 |  |  | $ | 539 | 
|                       |  | Fernande Paul Cab Corp ##         |  | Term Loan                                           |  | 01/24/13        |  | 01/24/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 538 |  |  | $ | 539 | 
|                       |  | Dominique Ismael ##               |  | Term Loan                                           |  | 03/10/14        |  | 03/10/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.88                | % |  | $                                   | 0 |          |  |  |           | $ | 538 |  |  | $ | 538 | 
|                       |  | Amjad Abbas ##                    |  | Term Loan                                           |  | 12/19/13        |  | 12/19/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.40                | % |  | $                                   | 0 |          |  |  |           | $ | 530 |  |  | $ | 530 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                       |  |                                   |  |                                                     |  |                 |  |              |  |               |   |  |               |  |   |                  |  |  |                     |   |  |                                       |   |  |          |   |     |           |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | --------------------------------------------------- |  | --------------- |  | ------------ |  | ------------- | - |  | ------------- |  | - | ---------------- |  |  | ------------------- | - |  | ------------------------------------- | - |  | -------- | - | --- | --------- |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted 
unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | No. ofInvest. |   |  | % ofNetAssets |  |   | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost 
of2015Acquisitions 
(5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Ulrick Racine ##                  |  | Term Loan                                           |  | 03/08/13        |  | 03/08/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 529 |  |  | $ | 529 | 
|                       |  | Ny Diploma Taxi Co                |  | Term Loan                                           |  | 08/19/14        |  | 07/20/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.31                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 526 |  |  | $ | 526 | 
|                       |  | Albert A Agyemang ##              |  | Term Loan                                           |  | 07/09/13        |  | 07/09/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 519 |  |  | $ | 519 | 
|                       |  | Frantz Louhis & Joseph Paul ##    |  | Term Loan                                           |  | 06/08/12        |  | 06/08/15     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 516 |  |  | $ | 515 | 
|                       |  | Jaswinder Sharma ##               |  | Term Loan                                           |  | 11/02/11        |  | 10/01/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 514 |  |  | $ | 513 | 
|                       |  | Sincere Cab Corp ##               |  | Term Loan                                           |  | 06/21/11        |  | 06/21/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 508 |  |  | $ | 508 | 
|                       |  | Jasvinder Chhoker + Dam Singh     |  | Term Loan                                           |  | 11/10/11        |  | 12/05/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 505 |  |  | $ | 504 | 
|                       |  | Ahmed Elsayed ##                  |  | Term Loan                                           |  | 11/22/13        |  | 11/22/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 497 |  |  | $ | 498 | 
|                       |  | Momar Diagne ##                   |  | Term Loan                                           |  | 05/12/14        |  | 05/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 491 |  |  | $ | 493 | 
|                       |  | Avner Ben-Levy ##                 |  | Term Loan                                           |  | 05/29/12        |  | 05/29/15     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 490 |  |  | $ | 489 | 
|                       |  | Louis A Alphonse ##               |  | Term Loan                                           |  | 02/21/13        |  | 02/21/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 483 |  |  | $ | 483 | 
|                       |  | M Irshad Chaudhry & Mhd Ramzan ## |  | Term Loan                                           |  | 03/21/11        |  | 03/21/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 485 |  |  | $ | 483 | 
|                       |  | Harold Torres ## &                |  | Term Loan                                           |  | 02/12/13        |  | 02/12/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 481 |  |  | $ | 481 | 
|                       |  | Romain Eustache ##                |  | Term Loan                                           |  | 02/26/13        |  | 02/26/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 476 |  |  | $ | 476 | 
|                       |  | Joseph Jean ##                    |  | Term Loan                                           |  | 03/14/12        |  | 02/10/18     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 474 |  |  | $ | 474 | 
|                       |  | Shubal C Ghose ##                 |  | Term Loan                                           |  | 03/20/15        |  | 03/20/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          | $ | 473 |           |  | $ | 473 |  |  | $ | 473 | 
|                       |  | Frands Fequiere ##                |  | Term Loan                                           |  | 01/03/13        |  | 01/03/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 473 |  |  | $ | 473 | 
|                       |  | Mohammad Azhar ##                 |  | Term Loan                                           |  | 02/24/14        |  | 02/24/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 470 |  |  | $ | 471 | 
|                       |  | Abdullah Zivali ##                |  | Term Loan                                           |  | 03/22/13        |  | 03/22/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 457 |  |  | $ | 458 | 
|                       |  | Rahul Amin ##                     |  | Term Loan                                           |  | 06/11/14        |  | 06/26/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 456 |  |  | $ | 457 | 
|                       |  | Chuhar Singh ##                   |  | Term Loan                                           |  | 06/06/13        |  | 06/06/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.38                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 454 |  |  | $ | 456 | 
|                       |  | Gustavo E Cabrejos ##             |  | Term Loan                                           |  | 10/15/12        |  | 10/15/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.90                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 456 |  |  | $ | 455 | 
|                       |  | W.B.L.S Taxi Inc                  |  | Term Loan                                           |  | 08/09/12        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 450 |  |  | $ | 450 | 
|                       |  | Lelio Bresier & Jeanne Bresier ## |  | Term Loan                                           |  | 03/06/13        |  | 03/06/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 436 |  |  | $ | 437 | 
|                       |  | Santokh Bangay ##                 |  | Term Loan                                           |  | 12/10/12        |  | 12/10/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 436 |  |  | $ | 435 | 
|                       |  | Mokbul Choudhury ##               |  | Term Loan                                           |  | 08/25/14        |  | 08/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 430 |  |  | $ | 432 | 
|                       |  | Ny Berts Cab Corp ##              |  | Term Loan                                           |  | 07/02/13        |  | 07/02/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.90                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 427 |  |  | $ | 428 | 
|                       |  | Dady Hamel ##                     |  | Term Loan                                           |  | 12/26/13        |  | 12/26/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 421 |  |  | $ | 422 | 
|                       |  | M&J Taxi Inc ##                   |  | Term Loan                                           |  | 01/06/11        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 422 |  |  | $ | 422 | 
|                       |  | Maya Taxi Inc ##                  |  | Term Loan                                           |  | 01/06/11        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 422 |  |  | $ | 422 | 
|                       |  | Mtr Taxi Inc ##                   |  | Term Loan                                           |  | 01/06/11        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 422 |  |  | $ | 422 | 
|                       |  | Neomi & Z Taxi Inc ##             |  | Term Loan                                           |  | 01/06/11        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 422 |  |  | $ | 422 | 
|                       |  | Saba Moshe Taxi Inc ##            |  | Term Loan                                           |  | 01/06/11        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 422 |  |  | $ | 422 | 
|                       |  | David Mashkabov ##                |  | Term Loan                                           |  | 10/26/11        |  | 10/24/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 421 |  |  | $ | 420 | 
|                       |  | King D Taxi Inc ##              |  | Term Loan                                           |  | 01/17/12        |  | 10/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 411 |  |  | $ | 410 | 
|                       |  | Crossbow Taxi Inc ##              |  | Term Loan                                           |  | 01/17/12        |  | 10/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 411 |  |  | $ | 410 | 
|                       |  | Petia Cab Corporation ##          |  | Term Loan                                           |  | 01/17/12        |  | 10/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 411 |  |  | $ | 410 | 
|                       |  | King Verin Taxi Inc ##            |  | Term Loan                                           |  | 01/17/12        |  | 10/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 411 |  |  | $ | 410 | 
|                       |  | Cleopatra Cab Corp ##             |  | Term Loan                                           |  | 01/17/12        |  | 10/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 411 |  |  | $ | 410 | 
|                       |  | Jacob Kuruvilla ##                |  | Term Loan                                           |  | 11/11/09        |  | 12/05/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 408 |  |  | $ | 407 | 
|                       |  | Jasvir Singh                      |  | Term Loan                                           |  | 11/27/12        |  | 11/27/22     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 402 |  |  | $ | 406 | 
|                       |  | Carlot Dalce ##                   |  | Term Loan                                           |  | 07/09/13        |  | 07/09/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 405 |  |  | $ | 405 | 
|                       |  | Verity Taxi Inc ##                |  | Term Loan                                           |  | 02/08/13        |  | 02/08/18     |  |               | 1 |  |               |  | * |                  |  |  | 3.60                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 400 |  |  | $ | 401 | 
|                       |  | Y Joey Taxi Inc ##                |  | Term Loan                                           |  | 01/06/11        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 400 |  |  | $ | 400 | 
|                       |  | Pierre Jeune ##                   |  | Term Loan                                           |  | 12/14/12        |  | 12/14/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 398 |  |  | $ | 399 | 
|                       |  | Melimajua Cab Corp ##             |  | Term Loan                                           |  | 10/14/14        |  | 10/14/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.90                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 396 |  |  | $ | 397 | 
|                       |  | Daca Taxi Inc ##                  |  | Term Loan                                           |  | 06/02/11        |  | 06/02/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.68                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 398 |  |  | $ | 397 | 
|                       |  | Eduard Neyman                     |  | Term Loan                                           |  | 05/24/13        |  | 05/24/20     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 394 |  |  | $ | 396 | 
|                       |  | Rehmet Khan ##                    |  | Term Loan                                           |  | 03/11/15        |  | 03/11/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          | $ | 388 |           |  | $ | 388 |  |  | $ | 390 | 
|                       |  | Pierre Cadet ##                   |  | Term Loan                                           |  | 03/19/13        |  | 03/19/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.30                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 389 |  |  | $ | 390 | 
|                       |  | Yberto Santana ##                 |  | Term Loan                                           |  | 02/27/14        |  | 02/27/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 387 |  |  | $ | 387 | 
|                       |  | Bucur Express Cab Corp ##         |  | Term Loan                                           |  | 06/02/11        |  | 06/02/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.68                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 383 |  |  | $ | 382 | 
|                       |  | Anba Taxi Inc ##                  |  | Term Loan                                           |  | 06/21/11        |  | 06/21/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 381 |  |  | $ | 380 | 
|                       |  | Corsi Cab Corp ##                 |  | Term Loan                                           |  | 06/21/11        |  | 06/21/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 381 |  |  | $ | 380 | 
|                       |  | Birk Cab Corp/Note 1              |  | Term Loan                                           |  | 03/11/15        |  | 03/11/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          | $ | 374 |           |  | $ | 374 |  |  | $ | 376 | 
|                       |  | Shah M Rahman ##                  |  | Term Loan                                           |  | 11/25/13        |  | 11/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 373 |  |  | $ | 374 | 
|                       |  | Anthony Okyere Duah ##            |  | Term Loan                                           |  | 06/10/11        |  | 06/10/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 373 |  |  | $ | 372 | 
|                       |  | Essa & Soliman Transit Inc ##     |  | Term Loan                                           |  | 04/19/13        |  | 04/19/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 370 |  |  | $ | 370 | 
|                       |  | Serge Bonny ##                    |  | Term Loan                                           |  | 03/11/13        |  | 03/11/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 365 |  |  | $ | 364 | 
|                       |  | Surjit Singh ##                   |  | Term Loan                                           |  | 10/25/13        |  | 10/25/18     |  |               | 1 |  |               |  | * |                  |  |  | 3.80                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 357 |  |  | $ | 359 | 
|                       |  | Tarafdar Abul & Tarafdar Luthf    |  | Term Loan                                           |  | 08/13/10        |  | 08/13/16     |  |               | 1 |  |               |  | * |                  |  |  | 7.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 357 |  |  | $ | 357 | 
|                       |  | Double Cab Corp ##                |  | Term Loan                                           |  | 07/13/12        |  | 07/13/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 354 |  |  | $ | 353 | 
|                       |  | Malkit Singh ##                   |  | Term Loan                                           |  | 08/01/12        |  | 08/01/15     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 339 |  |  | $ | 338 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                       |  |                                   |  |                                                     |  |                 |  |              |  |               |   |  |               |  |   |                  |  |  |                     |   |  |                                       |   |  |          |   |     |           |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | --------------------------------------------------- |  | --------------- |  | ------------ |  | ------------- | - |  | ------------- |  | - | ---------------- |  |  | ------------------- | - |  | ------------------------------------- | - |  | -------- | - | --- | --------- |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted 
unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | No. ofInvest. |   |  | % ofNetAssets |  |   | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost 
of2015Acquisitions 
(5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Georges Desrosiers ##             |  | Term Loan                                           |  | 07/23/14        |  | 07/23/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 328 |  |  | $ | 329 | 
|                       |  | Birk Cab Corp/Note 2              |  | Term Loan                                           |  | 03/11/15        |  | 03/11/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          | $ | 321 |           |  | $ | 321 |  |  | $ | 323 | 
|                       |  | Elsayed A Hassan ##               |  | Term Loan                                           |  | 11/28/11        |  | 11/21/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 316 |  |  | $ | 315 | 
|                       |  | Bj Cab Corp/Note 1 Of 2           |  | Term Loan                                           |  | 06/12/13        |  | 06/12/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 311 |  |  | $ | 313 | 
|                       |  | Bj Cab Corp/Note 2 Of 2           |  | Term Loan                                           |  | 06/12/13        |  | 06/12/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.63                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 311 |  |  | $ | 312 | 
|                       |  | Joubert Toussaint ##              |  | Term Loan                                           |  | 03/09/15        |  | 03/09/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          | $ | 308 |           |  | $ | 308 |  |  | $ | 310 | 
|                       |  | Musa Corp ##                      |  | Term Loan                                           |  | 01/26/15        |  | 01/26/20     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          | $ | 306 |           |  | $ | 304 |  |  | $ | 305 | 
|                       |  | Micdavid Hacking Corp ##          |  | Term Loan                                           |  | 01/26/15        |  | 01/26/20     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          | $ | 306 |           |  | $ | 304 |  |  | $ | 305 | 
|                       |  | Aem Transportation Corp ##        |  | Term Loan                                           |  | 01/26/15        |  | 01/26/20     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          | $ | 306 |           |  | $ | 304 |  |  | $ | 305 | 
|                       |  | Macbak Trans Corp ##              |  | Term Loan                                           |  | 01/26/15        |  | 01/26/20     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          | $ | 306 |           |  | $ | 304 |  |  | $ | 305 | 
|                       |  | Jean B Guerrier ##                |  | Term Loan                                           |  | 08/08/12        |  | 08/08/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 292 |  |  | $ | 291 | 
|                       |  | Zorro Taxi Inc ##                 |  | Term Loan                                           |  | 12/20/13        |  | 12/20/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 288 |  |  | $ | 289 | 
|                       |  | Paros Taxi LLC                    |  | Term Loan                                           |  | 03/28/14        |  | 03/28/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 285 |  |  | $ | 287 | 
|                       |  | Kornos Taxi Inc ##                |  | Term Loan                                           |  | 09/04/12        |  | 09/04/15     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 283 |  |  | $ | 282 | 
|                       |  | Platform Taxi Service/Mbank       |  | Term Loan                                           |  | 05/04/12        |  | 05/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.57                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 275 |  |  | $ | 275 | 
|                       |  | Mohammmed H Iqbal ##              |  | Term Loan                                           |  | 09/14/12        |  | 09/14/15     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 266 |  |  | $ | 266 | 
|                       |  | Kesef Taxi Inc/Mbank              |  | Term Loan                                           |  | 07/16/12        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 252 |  |  | $ | 252 | 
|                       |  | Daniel Victor ##                  |  | Term Loan                                           |  | 05/06/13        |  | 05/06/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 221 |  |  | $ | 221 | 
|                       |  | Ede Service Corp                  |  | Term Loan                                           |  | 07/20/07        |  | 07/20/17     |  |               | 1 |  |               |  | * |                  |  |  | 2.81                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 210 |  |  | $ | 210 | 
|                       |  | Lissade Aurelus ##                |  | Term Loan                                           |  | 05/01/13        |  | 05/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 202 |  |  | $ | 202 | 
|                       |  | Frank Nobile ##                   |  | Term Loan                                           |  | 11/26/12        |  | 11/26/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 190 |  |  | $ | 191 | 
|                       |  | Valeri Aminov - Note 1            |  | Term Loan                                           |  | 02/25/15        |  | 02/25/18     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          | $ | 188 |           |  | $ | 186 |  |  | $ | 188 | 
|                       |  | Jackie L Chaiken & Michael Cha ## |  | Term Loan                                           |  | 03/26/13        |  | 03/26/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 185 |  |  | $ | 186 | 
|                       |  | Jened Cab Corp ##                 |  | Term Loan                                           |  | 03/13/12        |  | 01/13/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 186 |  |  | $ | 186 | 
|                       |  | Mohammad Ashraf Ali ##            |  | Term Loan                                           |  | 01/17/12        |  | 01/09/18     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 186 |  |  | $ | 186 | 
|                       |  | Balwinder Singh/Note B            |  | Term Loan                                           |  | 03/03/15        |  | 03/03/17     |  |               | 1 |  |               |  | * |                  |  |  | 8.00                | % |  | $                                     | 0 |  |          | $ | 175 |           |  | $ | 175 |  |  | $ | 177 | 
|                       |  | Wan Sang Lau & Mary Quan Lau ##   |  | Term Loan                                           |  | 03/20/13        |  | 03/20/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Roman Fermin ##                   |  | Term Loan                                           |  | 08/09/13        |  | 08/09/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 163 |  |  | $ | 164 | 
|                       |  | Abdul H Abid ##                   |  | Term Loan                                           |  | 04/24/14        |  | 04/24/19     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 154 |  |  | $ | 156 | 
|                       |  | Ede Service Corp/Mfun             |  | Term Loan                                           |  | 07/24/07        |  | 07/20/17     |  |               | 1 |  |               |  | * |                  |  |  | 2.81                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 151 |  |  | $ | 151 | 
|                       |  | Ny Diploma Taxi Co                |  | Term Loan                                           |  | 07/20/07        |  | 07/20/17     |  |               | 1 |  |               |  | * |                  |  |  | 2.81                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Joseph Bologna ##                 |  | Term Loan                                           |  | 10/06/10        |  | 10/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 134 |  |  | $ | 134 | 
|                       |  | Nicolae Blidariu                  |  | Term Loan                                           |  | 02/29/08        |  | 02/28/23     |  |               | 1 |  |               |  | * |                  |  |  | 6.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 125 |  |  | $ | 125 | 
|                       |  | DIIn Taxi LLC/Mbnk                |  | Term Loan                                           |  | 05/07/14        |  | 05/07/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 127 |  |  | $ | 122 | 
|                       |  | Sunu Miah And M Jahangi/Mbnk      |  | Term Loan                                           |  | 05/12/14        |  | 05/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 109 |  |  | $ | 115 | 
|                       |  | Mode Service Corp                 |  | Term Loan                                           |  | 06/02/11        |  | 06/01/21     |  |               | 1 |  |               |  | * |                  |  |  | 6.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 114 |  |  | $ | 113 | 
|                       |  | Valeri Aminov - Note 1            |  | Term Loan                                           |  | 02/25/15        |  | 02/25/18     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                     | 0 |  |          | $ | 105 |           |  | $ | 104 |  |  | $ | 106 | 
|                       |  | Tlg Hacking Corp/Mbnk             |  | Term Loan                                           |  | 03/12/14        |  | 03/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 106 |  |  | $ | 106 | 
|                       |  | Papa Of 5 Hacking Corp/Mbnk       |  | Term Loan                                           |  | 03/12/14        |  | 03/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 106 |  |  | $ | 106 | 
|                       |  | Mama Of 5 Hacking Corp/Mbnk       |  | Term Loan                                           |  | 03/12/14        |  | 03/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 106 |  |  | $ | 106 | 
|                       |  | Jeffrey Hacking Corp/Mbnk         |  | Term Loan                                           |  | 03/12/14        |  | 03/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 106 |  |  | $ | 106 | 
|                       |  | Ny Diploma Taxi Corp/Mfun         |  | Term Loan                                           |  | 07/24/07        |  | 07/20/17     |  |               | 1 |  |               |  | * |                  |  |  | 2.81                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 101 |  |  | $ | 101 | 
|                       |  | Bella Hacking Corp                |  | Term Loan                                           |  | 06/25/04        |  | 06/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 6.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 101 |  |  | $ | 101 | 
|                       |  | Gagandeep Multani LLC/Mbnk        |  | Term Loan                                           |  | 05/22/14        |  | 05/22/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 89  |  |  | $ | 92  | 
|                       |  | D&P Baidwan LLC/Mbnk              |  | Term Loan                                           |  | 05/20/14        |  | 05/20/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 89  |  |  | $ | 89  | 
|                       |  | Muktar Hussain & K Hussain/Mbn    |  | Term Loan                                           |  | 05/13/14        |  | 05/13/17     |  |               | 1 |  |               |  | * |                  |  |  | 8.44                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 84  |  |  | $ | 89  | 
|                       |  | Mk Multani LLC/Mbnk               |  | Term Loan                                           |  | 05/22/14        |  | 05/22/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 85  |  |  | $ | 88  | 
|                       |  | Hanu Manu Taxi Inc/Mbnk           |  | Term Loan                                           |  | 05/19/14        |  | 05/19/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 88  |  |  | $ | 88  | 
|                       |  | United Four Stars LLC/Mbnk        |  | Term Loan                                           |  | 06/04/14        |  | 06/04/17     |  |               | 1 |  |               |  | * |                  |  |  | 8.57                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 82  |  |  | $ | 87  | 
|                       |  | Pj Moe LLC/Mbnk                   |  | Term Loan                                           |  | 07/08/14        |  | 07/08/17     |  |               | 1 |  |               |  | * |                  |  |  | 8.44                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 79  |  |  | $ | 84  | 
|                       |  | Ramdas 4 Taxi LLC/Mbnk            |  | Term Loan                                           |  | 05/27/14        |  | 05/27/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 83  |  |  | $ | 83  | 
|                       |  | Soho Cab Corp                     |  | Term Loan                                           |  | 02/11/14        |  | 02/11/17     |  |               | 1 |  |               |  | * |                  |  |  | 3.38                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 81  |  |  | $ | 83  | 
|                       |  | Gni Taxi LLC                      |  | Term Loan                                           |  | 06/09/14        |  | 05/28/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 82  |  |  | $ | 82  | 
|                       |  | Kero Taxi Corp/Mbnk               |  | Term Loan                                           |  | 05/30/14        |  | 05/30/17     |  |               | 1 |  |               |  | * |                  |  |  | 8.19                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 79  |  |  | $ | 82  | 
|                       |  | Anastasios Tsiklidis              |  | Term Loan                                           |  | 04/15/11        |  | 01/15/18     |  |               | 1 |  |               |  | * |                  |  |  | 3.60                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 81  |  |  | $ | 82  | 
|                       |  | Eddy Joseph                       |  | Term Loan                                           |  | 02/02/15        |  | 02/02/22     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                     | 0 |  |          | $ | 80  |           |  | $ | 79  |  |  | $ | 81  | 
|                       |  | Arjun & Simran LLC/Mbnk           |  | Term Loan                                           |  | 05/21/14        |  | 05/21/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.50                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 81  |  |  | $ | 81  | 
|                       |  | Prabhneet Cab Corp/Mbnk           |  | Term Loan                                           |  | 05/12/14        |  | 05/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 81  |  |  | $ | 81  | 
|                       |  | Hargobind Taxi LLC/Mbnk           |  | Term Loan                                           |  | 05/23/14        |  | 05/23/17     |  |               | 1 |  |               |  | * |                  |  |  | 6.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 80  |  |  | $ | 80  | 
|                       |  | Bu Taxi LLC/Mbank                 |  | Term Loan                                           |  | 12/29/10        |  | 11/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.10                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 75  |  |  | $ | 75  | 
|                       |  | Norberto Cardona ##               |  | Term Loan                                           |  | 03/30/12        |  | 03/30/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 71  |  |  | $ | 72  | 
|                       |  | William G Ward ##                 |  | Term Loan                                           |  | 04/29/13        |  | 04/29/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.25                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 71  |  |  | $ | 71  | 
|                       |  | Boris Ushman ##                   |  | Term Loan                                           |  | 05/21/03        |  | 02/17/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.75                | % |  | $                                     | 0 |  |          |   |     |           |  | $ | 70  |  |  | $ | 70  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                       |  |                                    |  |                                                    |  |                 |  |              |  |               |     |  |               |  |    |                  |  |  |                     |   |  |                                     |   |  |          |   |       |           |  |   |        |  |  |   |        | 
|---------------------- |  | ---------------------------------- |  | -------------------------------------------------- |  | --------------- |  | ------------ |  | ------------- | --- |  | ------------- |  | -- | ---------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | ----- | --------- |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                       |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | No. ofInvest. |     |  | % ofNetAssets |  |    | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost of2015Acquisitions (5) |   |  | Cost (4) |   |       | FairValue | 
|                       |  | Jean Pierre Trans Inc              |  | Term Loan                                          |  | 02/26/14        |  | 02/26/18     |  |               | 1   |  |               |  | *  |                  |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 67     |  |  | $ | 69     | 
|                       |  | Ede Service Corp                   |  | Term Loan                                          |  | 07/20/07        |  | 07/20/17     |  |               | 1   |  |               |  | *  |                  |  |  | 2.81                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 69     |  |  | $ | 69     | 
|                       |  | Tyme Cab Corp                      |  | Term Loan                                          |  | 06/26/14        |  | 06/26/17     |  |               | 1   |  |               |  | *  |                  |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 66     |  |  | $ | 68     | 
|                       |  | Sonnet Service Co Inc              |  | Term Loan                                          |  | 08/30/13        |  | 02/22/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.80                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 64     |  |  | $ | 65     | 
|                       |  | Davinder Singh/Mbnk                |  | Term Loan                                          |  | 04/23/14        |  | 04/23/17     |  |               | 1   |  |               |  | *  |                  |  |  | 8.58                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 64     |  |  | $ | 64     | 
|                       |  | Wilfrid Barreau                    |  | Term Loan                                          |  | 12/29/09        |  | 12/29/16     |  |               | 1   |  |               |  | *  |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 63     |  |  | $ | 63     | 
|                       |  | Chahal & Nahal LLC                 |  | Term Loan                                          |  | 04/21/14        |  | 04/21/17     |  |               | 1   |  |               |  | *  |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 61     |  |  | $ | 61     | 
|                       |  | Ruckman Hacking Corp               |  | Term Loan                                          |  | 08/30/13        |  | 02/22/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.80                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 60     |  |  | $ | 61     | 
|                       |  | Y Mommy Taxi Inc/Mbank             |  | Term Loan                                          |  | 12/23/10        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 60     |  |  | $ | 60     | 
|                       |  | Goodspeed Transit Inc              |  | Term Loan                                          |  | 08/14/13        |  | 08/14/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.80                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 58     |  |  | $ | 59     | 
|                       |  | Granny Hacking Corp                |  | Term Loan                                          |  | 03/07/13        |  | 03/07/18     |  |               | 1   |  |               |  | *  |                  |  |  | 3.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 54     |  |  | $ | 58     | 
|                       |  | Ptah Cab Corp                      |  | Term Loan                                          |  | 03/12/14        |  | 03/12/17     |  |               | 1   |  |               |  | *  |                  |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 55     |  |  | $ | 57     | 
|                       |  | Appoint Cab Corp/Mbank             |  | Term Loan                                          |  | 12/06/10        |  | 06/06/17     |  |               | 1   |  |               |  | *  |                  |  |  | 6.62                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 56     |  |  | $ | 56     | 
|                       |  | Ar Rahman Express Cab Corp/Mbn     |  | Term Loan                                          |  | 06/17/14        |  | 06/17/17     |  |               | 1   |  |               |  | *  |                  |  |  | 8.71                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 49     |  |  | $ | 55     | 
|                       |  | Cora Hacking Corp                  |  | Term Loan                                          |  | 03/07/13        |  | 03/07/18     |  |               | 1   |  |               |  | *  |                  |  |  | 3.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 54     |  |  | $ | 55     | 
|                       |  | Y Daddy Taxi Inc/Mbank             |  | Term Loan                                          |  | 07/16/12        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 55     |  |  | $ | 55     | 
|                       |  | Rrc Express Corp/Mbnk              |  | Term Loan                                          |  | 05/14/14        |  | 05/14/17     |  |               | 1   |  |               |  | *  |                  |  |  | 8.71                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 48     |  |  | $ | 54     | 
|                       |  | Salih Boncukcu/Mbnk                |  | Term Loan                                          |  | 06/18/14        |  | 06/18/17     |  |               | 1   |  |               |  | *  |                  |  |  | 8.96                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 49     |  |  | $ | 52     | 
|                       |  | Network Agami Cab Corp             |  | Term Loan                                          |  | 02/27/13        |  | 06/02/17     |  |               | 1   |  |               |  | *  |                  |  |  | 2.88                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 49     |  |  | $ | 50     | 
|                       |  | Jagjit Singh/Mbnk                  |  | Term Loan                                          |  | 02/14/14        |  | 02/14/17     |  |               | 1   |  |               |  | *  |                  |  |  | 8.58                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 48     |  |  | $ | 48     | 
|                       |  | Nirvair Trans LLC/Mbnk             |  | Term Loan                                          |  | 02/04/14        |  | 02/04/17     |  |               | 1   |  |               |  | *  |                  |  |  | 8.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 47     |  |  | $ | 47     | 
|                       |  | Orbit Agami Cab LLC                |  | Term Loan                                          |  | 11/05/10        |  | 10/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.88                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 47     |  |  | $ | 47     | 
|                       |  | Justin Hacking Corp                |  | Term Loan                                          |  | 08/14/13        |  | 08/14/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.80                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 45     |  |  | $ | 46     | 
|                       |  | Ny Diploma Taxi Co                 |  | Term Loan                                          |  | 07/20/07        |  | 07/20/17     |  |               | 1   |  |               |  | *  |                  |  |  | 2.81                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 46     |  |  | $ | 46     | 
|                       |  | Pakt Medallions LLC/Mbnk           |  | Term Loan                                          |  | 08/26/14        |  | 08/26/17     |  |               | 1   |  |               |  | *  |                  |  |  | 8.46                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 45     |  |  | $ | 45     | 
|                       |  | Sushil Maggoo                      |  | Term Loan                                          |  | 06/27/13        |  | 06/27/17     |  |               | 1   |  |               |  | *  |                  |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 40     |  |  | $ | 41     | 
|                       |  | Hshmul Taxi LLC/Mbnk               |  | Term Loan                                          |  | 03/17/14        |  | 03/17/17     |  |               | 1   |  |               |  | *  |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 39     |  |  | $ | 39     | 
|                       |  | Nosea Taxi LLC                     |  | Term Loan                                          |  | 01/06/11        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 38     |  |  | $ | 38     | 
|                       |  | Bursa Cab Corp/Note 1              |  | Term Loan                                          |  | 03/23/01        |  | 09/10/23     |  |               | 1   |  |               |  | *  |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 35     |  |  | $ | 35     | 
|                       |  | Balwinder Singh                    |  | Term Loan                                          |  | 02/19/14        |  | 02/07/19     |  |               | 1   |  |               |  | *  |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 30     |  |  | $ | 32     | 
|                       |  | Jose F Pimentel ##                 |  | Term Loan                                          |  | 05/14/14        |  | 05/14/19     |  |               | 1   |  |               |  | *  |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 30     |  |  | $ | 32     | 
|                       |  | Yme Transit Inc                    |  | Term Loan                                          |  | 08/14/13        |  | 08/14/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.80                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 31     |  |  | $ | 32     | 
|                       |  | Bj Cab Corp                        |  | Term Loan                                          |  | 02/27/15        |  | 02/26/19     |  |               | 1   |  |               |  | *  |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          | $ | 29    |           |  | $ | 29     |  |  | $ | 31     | 
|                       |  | Y Mati Taxi Inc/Mbnk               |  | Term Loan                                          |  | 07/16/12        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 30     |  |  | $ | 31     | 
|                       |  | Y Meir Taxi Inc/Mbnk               |  | Term Loan                                          |  | 07/16/12        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 30     |  |  | $ | 30     | 
|                       |  | Y Michal Taxi Inc/Mbnk             |  | Term Loan                                          |  | 07/16/12        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 30     |  |  | $ | 30     | 
|                       |  | S&M Taxi Inc/Mbank                 |  | Term Loan                                          |  | 07/16/12        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 30     |  |  | $ | 30     | 
|                       |  | N&A Taxi Inc/Mbank                 |  | Term Loan                                          |  | 07/16/12        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 30     |  |  | $ | 30     | 
|                       |  | M.M.Y Taxi Inc                     |  | Term Loan                                          |  | 07/16/12        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 30     |  |  | $ | 30     | 
|                       |  | Y Mike Taxi Inc                    |  | Term Loan                                          |  | 01/06/11        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 30     |  |  | $ | 30     | 
|                       |  | Bursa Cab Corp/Note 2              |  | Term Loan                                          |  | 03/23/01        |  | 09/10/23     |  |               | 1   |  |               |  | *  |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 30     |  |  | $ | 30     | 
|                       |  | Fido Cab Corp                      |  | Term Loan                                          |  | 08/14/13        |  | 08/14/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.80                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 26     |  |  | $ | 27     | 
|                       |  | Brandon Taxi LLC/Mbank             |  | Term Loan                                          |  | 11/24/10        |  | 11/20/15     |  |               | 1   |  |               |  | *  |                  |  |  | 6.63                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 24     |  |  | $ | 25     | 
|                       |  | Barth Taxi LLC/Mbank               |  | Term Loan                                          |  | 11/24/10        |  | 11/20/15     |  |               | 1   |  |               |  | *  |                  |  |  | 6.63                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 24     |  |  | $ | 25     | 
|                       |  | Opera Taxi Inc/Mbank               |  | Term Loan                                          |  | 07/16/12        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 21     |  |  | $ | 22     | 
|                       |  | Ronen Taxi Inc/Mbank               |  | Term Loan                                          |  | 07/16/12        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 21     |  |  | $ | 22     | 
|                       |  | Mry Taxi Inc/Mbank                 |  | Term Loan                                          |  | 07/16/12        |  | 11/01/16     |  |               | 1   |  |               |  | *  |                  |  |  | 3.10                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 21     |  |  | $ | 22     | 
|                       |  | Donald Singh                       |  | Term Loan                                          |  | 07/30/14        |  | 07/30/17     |  |               | 1   |  |               |  | *  |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 18     |  |  | $ | 19     | 
|                       |  | Yegal Express Cab Co/Mbank         |  | Term Loan                                          |  | 11/10/10        |  | 08/28/20     |  |               | 1   |  |               |  | *  |                  |  |  | 6.38                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 18     |  |  | $ | 18     | 
|                       |  | Vosiem Hacking Corp                |  | Term Loan                                          |  | 08/14/13        |  | 08/14/16     |  |               | 1   |  |               |  | *  |                  |  |  | 2.80                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 17     |  |  | $ | 18     | 
|                       |  | Mohammed Abdu & H Hedru/Mbank      |  | Term Loan                                          |  | 08/11/06        |  | 02/05/16     |  |               | 1   |  |               |  | *  |                  |  |  | 5.71                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 18     |  |  | $ | 18     | 
|                       |  | Surlak Taxi LLC/Mbnk               |  | Term Loan                                          |  | 04/25/14        |  | 04/25/17     |  |               | 1   |  |               |  | *  |                  |  |  | 8.66                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 16     |  |  | $ | 16     | 
|                       |  | Devinder P Singh & Guneet/Mbnk     |  | Term Loan                                          |  | 02/19/14        |  | 02/19/17     |  |               | 1   |  |               |  | *  |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 16     |  |  | $ | 16     | 
|                       |  | Harold Torres ## &                 |  | Term Loan                                          |  | 10/01/13        |  | 11/01/17     |  |               | 1   |  |               |  | *  |                  |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 14     |  |  | $ | 15     | 
|                       |  | Jean M Venord/Mbank                |  | Term Loan                                          |  | 02/11/10        |  | 04/10/15     |  |               | 1   |  |               |  | *  |                  |  |  | 6.38                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 13     |  |  | $ | 13     | 
|                       |  | Param Preet Cab Corp/Mbnk &        |  | Term Loan                                          |  | 05/30/14        |  | 05/30/17     |  |               | 1   |  |               |  | *  |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 89     |  |  | $ | 6      | 
|                       |  | Guy Fouyolle ##                    |  | Term Loan                                          |  | 08/18/11        |  | 08/18/15     |  |               | 1   |  |               |  | *  |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 3      |  |  | $ | 3      | 
|                       |  | Y.A.M. Associates Corp             |  | Term Loan                                          |  | 04/30/13        |  | 10/24/15     |  |               | 1   |  |               |  | *  |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 2      |  |  | $ | 3      | 
|                       |  | Nestor R Trivino &                 |  | Term Loan                                          |  | 02/22/12        |  | 02/22/15     |  |               | 1   |  |               |  | *  |                  |  |  | 10.00               | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 2      |  |  | $ | 2      | 
|                       |  | Sonia M Trivino &                  |  | Term Loan                                          |  | 02/22/12        |  | 02/22/15     |  |               | 1   |  |               |  | *  |                  |  |  | 10.00               | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 2      |  |  | $ | 2      | 
|Chicago                |  |                                    |  |                                                    |  |                 |  |              |  |               | 112 |  |               |  | 15 | %                |  |  | 5.09                | % |  | $                                   | 0 |  |          | $ | 1,459 |           |  | $ | 40,349 |  |  | $ | 40,425 | 
|                       |  | Sweetgrass Peach & Chadwick Cap ## |  | Term Loan                                          |  | 08/28/12        |  | 08/28/15     |  |               | 1   |  |               |  | 1  | %                |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 1,654  |  |  | $ | 1,651  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                       |  |                                   |  |                                                    |  |                 |  |              |  |               |   |  |               |  |   |                  |  |  |                     |   |  |                                     |   |  |          |   |     |           |  |   |       |  |  |   |       | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- |  | ------------ |  | ------------- | - |  | ------------- |  | - | ---------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | --- | --------- |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | No. ofInvest. |   |  | % ofNetAssets |  |   | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost of2015Acquisitions (5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Regal Cab Company Et Al ##        |  | Term Loan                                          |  | 08/29/13        |  | 08/29/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 1,358 |  |  | $ | 1,356 | 
|                       |  | Chicago Medallion Nine LLC ##     |  | Term Loan                                          |  | 05/02/12        |  | 05/02/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 1,317 |  |  | $ | 1,315 | 
|                       |  | Blue Eyes Cab Corp ##             |  | Term Loan                                          |  | 07/19/12        |  | 07/19/15     |  |               | 1 |  |               |  | * |                  |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 1,216 |  |  | $ | 1,214 | 
|                       |  | Lucky Seven Chicago One Inc ##    |  | Term Loan                                          |  | 07/19/12        |  | 07/19/15     |  |               | 1 |  |               |  | * |                  |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 1,216 |  |  | $ | 1,214 | 
|                       |  | Michael Two Cab Corp ##           |  | Term Loan                                          |  | 07/12/12        |  | 04/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 1,008 |  |  | $ | 1,006 | 
|                       |  | Johns Cabs Corp ##                |  | Term Loan                                          |  | 04/12/12        |  | 04/12/15     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 986   |  |  | $ | 984   | 
|                       |  | Harriet C Inc ##                  |  | Term Loan                                          |  | 10/19/12        |  | 10/19/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 895   |  |  | $ | 894   | 
|                       |  | Lmb Taxi Iv Inc ##                |  | Term Loan                                          |  | 07/12/12        |  | 04/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 841   |  |  | $ | 839   | 
|                       |  | Lmb Taxi V Inc ##                 |  | Term Loan                                          |  | 07/12/12        |  | 04/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 840   |  |  | $ | 838   | 
|                       |  | Chicago Medallion Two LLC ##      |  | Term Loan                                          |  | 12/02/11        |  | 12/02/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 830   |  |  | $ | 829   | 
|                       |  | Chicago Medallion Three LLC ##    |  | Term Loan                                          |  | 12/02/11        |  | 12/02/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 830   |  |  | $ | 829   | 
|                       |  | Chicago Medallion Four LLC ##     |  | Term Loan                                          |  | 12/02/11        |  | 12/02/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 830   |  |  | $ | 829   | 
|                       |  | Chicago Medallion One LLC ##      |  | Term Loan                                          |  | 12/02/11        |  | 12/02/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 830   |  |  | $ | 829   | 
|                       |  | Santorini Four Cab Corp ##        |  | Term Loan                                          |  | 05/09/13        |  | 05/09/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 803   |  |  | $ | 804   | 
|                       |  | Santorini Five Cab Corp ##        |  | Term Loan                                          |  | 05/09/13        |  | 05/09/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 803   |  |  | $ | 804   | 
|                       |  | Tribeca Two Cab Corp ##           |  | Term Loan                                          |  | 05/09/13        |  | 05/09/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 803   |  |  | $ | 804   | 
|                       |  | Santorini Six Cab Corp ##         |  | Term Loan                                          |  | 05/09/13        |  | 05/09/16     |  |               | 1 |  |               |  | * |                  |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 803   |  |  | $ | 804   | 
|                       |  | Patriot Trans Et Al               |  | Term Loan                                          |  | 03/17/15        |  | 02/19/18     |  |               | 1 |  |               |  | * |                  |  |  | 12.00               | % |  | $                                   | 0 |  |          | $ | 800 |           |  | $ | 800   |  |  | $ | 802   | 
|                       |  | Rahwa & Bros Cab Co, Et Al ##     |  | Term Loan                                          |  | 04/11/14        |  | 04/11/19     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 717   |  |  | $ | 717   | 
|                       |  | Carol Of Illinois Enterprises     |  | Term Loan                                          |  | 09/19/14        |  | 09/19/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 707   |  |  | $ | 704   | 
|                       |  | Chicago Medallion Seven LLC ##    |  | Term Loan                                          |  | 05/02/12        |  | 05/02/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 658   |  |  | $ | 657   | 
|                       |  | Met Cab Co ##                     |  | Term Loan                                          |  | 08/29/13        |  | 08/29/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 582   |  |  | $ | 583   | 
|                       |  | Ray Cab Company ##                |  | Term Loan                                          |  | 08/29/13        |  | 08/29/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 582   |  |  | $ | 583   | 
|                       |  | N And M Valdof Hacking Corp ##    |  | Term Loan                                          |  | 05/01/13        |  | 05/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 544   |  |  | $ | 545   | 
|                       |  | Coffee Taxi LLC ##                |  | Term Loan                                          |  | 10/10/13        |  | 10/10/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 507   |  |  | $ | 508   | 
|                       |  | Mikhalia Cabs Nine Inc ##         |  | Term Loan                                          |  | 07/12/12        |  | 04/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 504   |  |  | $ | 503   | 
|                       |  | Kayla Hacking Corp ##             |  | Term Loan                                          |  | 07/12/12        |  | 04/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 504   |  |  | $ | 503   | 
|                       |  | Mike Taxi Corp ##                 |  | Term Loan                                          |  | 05/01/13        |  | 05/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 492   |  |  | $ | 493   | 
|                       |  | Natasha Transportation Inc ##     |  | Term Loan                                          |  | 05/01/13        |  | 05/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 492   |  |  | $ | 493   | 
|                       |  | Natalia Taxi Corp ##              |  | Term Loan                                          |  | 05/01/13        |  | 05/01/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 490   |  |  | $ | 491   | 
|                       |  | Cozy Cab Co ##                    |  | Term Loan                                          |  | 08/29/13        |  | 08/29/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 485   |  |  | $ | 486   | 
|                       |  | Dell Cab Corp ##                  |  | Term Loan                                          |  | 08/29/13        |  | 08/29/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 485   |  |  | $ | 486   | 
|                       |  | Moo Moo Cab Co ##                 |  | Term Loan                                          |  | 08/14/13        |  | 08/14/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 462   |  |  | $ | 463   | 
|                       |  | Musanour Cab Inc ##               |  | Term Loan                                          |  | 09/27/13        |  | 09/27/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 456   |  |  | $ | 457   | 
|                       |  | Tumblin Dice Taxi Inc             |  | Term Loan                                          |  | 04/10/13        |  | 04/10/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 453   |  |  | $ | 454   | 
|                       |  | Blue Valentine Cab Corp           |  | Term Loan                                          |  | 04/10/13        |  | 04/10/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 453   |  |  | $ | 454   | 
|                       |  | Taxi For Less Inc                 |  | Term Loan                                          |  | 09/19/14        |  | 02/15/18     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 398   |  |  | $ | 400   | 
|                       |  | Myrtos Cab Corp                   |  | Term Loan                                          |  | 03/25/15        |  | 03/25/19     |  |               | 1 |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 370 |           |  | $ | 370   |  |  | $ | 372   | 
|                       |  | Little Wing Cab Corp              |  | Term Loan                                          |  | 04/10/13        |  | 04/10/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 304   |  |  | $ | 305   | 
|                       |  | American Buffalo Cab Corp         |  | Term Loan                                          |  | 04/10/13        |  | 04/10/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 302   |  |  | $ | 303   | 
|                       |  | Dome Cab Corp ##                  |  | Term Loan                                          |  | 08/29/13        |  | 08/29/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 291   |  |  | $ | 292   | 
|                       |  | Valasia Cab Co ##                 |  | Term Loan                                          |  | 01/18/12        |  | 01/18/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 260   |  |  | $ | 259   | 
|                       |  | Glti Cab Corp                     |  | Term Loan                                          |  | 03/10/15        |  | 03/10/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          | $ | 245 |           |  | $ | 245   |  |  | $ | 247   | 
|                       |  | Chicago Seven Inc/Mbnk            |  | Term Loan                                          |  | 07/19/12        |  | 07/19/15     |  |               | 1 |  |               |  | * |                  |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 246   |  |  | $ | 246   | 
|                       |  | Karbala Express Inc ##            |  | Term Loan                                          |  | 02/26/13        |  | 02/26/18     |  |               | 1 |  |               |  | * |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 240   |  |  | $ | 241   | 
|                       |  | Les & Thera LLC                   |  | Term Loan                                          |  | 05/08/13        |  | 05/08/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 236   |  |  | $ | 237   | 
|                       |  | Interwoodex Inc ##                |  | Term Loan                                          |  | 11/07/13        |  | 11/07/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 232   |  |  | $ | 234   | 
|                       |  | Tekezze Inc                       |  | Term Loan                                          |  | 12/11/13        |  | 12/11/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 232   |  |  | $ | 234   | 
|                       |  | Helen Habte Corp ##               |  | Term Loan                                          |  | 10/01/13        |  | 10/01/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 231   |  |  | $ | 233   | 
|                       |  | Adom Enterprise, Inc ##           |  | Term Loan                                          |  | 09/27/13        |  | 09/27/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 231   |  |  | $ | 233   | 
|                       |  | Nakfa Corp ##                     |  | Term Loan                                          |  | 06/17/13        |  | 06/17/18     |  |               | 1 |  |               |  | * |                  |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 232   |  |  | $ | 233   | 
|                       |  | Zeyrefda Inc ##                   |  | Term Loan                                          |  | 05/17/13        |  | 05/17/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 232   |  |  | $ | 233   | 
|                       |  | Tad Taxi Co ##                    |  | Term Loan                                          |  | 11/13/13        |  | 11/13/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 230   |  |  | $ | 232   | 
|                       |  | Shere Corp ##                     |  | Term Loan                                          |  | 07/26/13        |  | 07/26/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 230   |  |  | $ | 232   | 
|                       |  | Tahoora Transportation Inc. ##    |  | Term Loan                                          |  | 07/26/13        |  | 07/26/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 230   |  |  | $ | 232   | 
|                       |  | Asmara Inc ##                     |  | Term Loan                                          |  | 04/11/13        |  | 04/11/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 229   |  |  | $ | 230   | 
|                       |  | Alex Z Cab Corp                   |  | Term Loan                                          |  | 04/22/13        |  | 04/22/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 228   |  |  | $ | 229   | 
|                       |  | Aniba Management & Services In ## |  | Term Loan                                          |  | 09/27/13        |  | 09/27/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 227   |  |  | $ | 228   | 
|                       |  | Patriot Trans Inc                 |  | Term Loan                                          |  | 09/19/14        |  | 02/05/20     |  |               | 1 |  |               |  | * |                  |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 226   |  |  | $ | 228   | 
|                       |  | Nike Yomi Inc ##                  |  | Term Loan                                          |  | 08/06/13        |  | 08/06/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 226   |  |  | $ | 227   | 
|                       |  | Three Kids Corp                   |  | Term Loan                                          |  | 04/15/13        |  | 04/15/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 225   |  |  | $ | 226   | 
|                       |  | Annabelle Cab Corporation ##      |  | Term Loan                                          |  | 02/14/14        |  | 02/14/19     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 223   |  |  | $ | 224   | 
|                       |  | Nour Enterprise Inc ##            |  | Term Loan                                          |  | 09/16/13        |  | 09/16/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 220   |  |  | $ | 221   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                       |  |                                   |  |                                                    |  |                 |  |              |  |               |     |  |               |  |   |                  |  |  |                     |   |  |                                     |   |  |          |   |     |           |  |   |        |  |  |   |        | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- |  | ------------ |  | ------------- | --- |  | ------------- |  | - | ---------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | --- | --------- |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | No. ofInvest. |     |  | % ofNetAssets |  |   | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost of2015Acquisitions (5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Yenemekoya Inc ##                 |  | Term Loan                                          |  | 06/28/13        |  | 06/28/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 213    |  |  | $ | 215    | 
|                       |  | C Dortch Inc ##                   |  | Term Loan                                          |  | 12/04/13        |  | 12/04/16     |  |               | 1   |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 211    |  |  | $ | 212    | 
|                       |  | Showcase Sports Management Cor ## |  | Term Loan                                          |  | 01/22/10        |  | 01/11/16     |  |               | 1   |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 211    |  |  | $ | 211    | 
|                       |  | Alkarim Chicago Inc ##            |  | Term Loan                                          |  | 11/27/13        |  | 11/27/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 207    |  |  | $ | 209    | 
|                       |  | Rahel Express Inc ##              |  | Term Loan                                          |  | 12/27/13        |  | 12/27/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 199    |  |  | $ | 200    | 
|                       |  | Jiffy Cab Co ##                   |  | Term Loan                                          |  | 08/29/13        |  | 08/29/16     |  |               | 1   |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 194    |  |  | $ | 195    | 
|                       |  | Grapevine Taxi LLC ##             |  | Term Loan                                          |  | 10/10/13        |  | 10/10/16     |  |               | 1   |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 192    |  |  | $ | 193    | 
|                       |  | Pireas Taxi Corp ##               |  | Term Loan                                          |  | 06/07/13        |  | 06/07/16     |  |               | 1   |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 192    |  |  | $ | 193    | 
|                       |  | Life Cab Corp ##                  |  | Term Loan                                          |  | 09/18/13        |  | 09/18/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 186    |  |  | $ | 188    | 
|                       |  | Kalib 2010 Inc ##                 |  | Term Loan                                          |  | 07/16/13        |  | 07/16/17     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 173    |  |  | $ | 174    | 
|                       |  | Naneffe Inc ##                    |  | Term Loan                                          |  | 03/15/13        |  | 03/15/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 168    |  |  | $ | 169    | 
|                       |  | Alem B Cab Inc ##                 |  | Term Loan                                          |  | 01/22/13        |  | 01/22/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 166    |  |  | $ | 167    | 
|                       |  | Adi Express Inc ##                |  | Term Loan                                          |  | 09/21/12        |  | 09/21/17     |  |               | 1   |  |               |  | * |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 159    |  |  | $ | 160    | 
|                       |  | Wubshet Inc ##                    |  | Term Loan                                          |  | 09/25/13        |  | 09/25/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 152    |  |  | $ | 154    | 
|                       |  | Semhar Corp ##                    |  | Term Loan                                          |  | 01/31/12        |  | 01/31/17     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 150    |  |  | $ | 150    | 
|                       |  | Significant Trans Inc ##          |  | Term Loan                                          |  | 04/06/12        |  | 04/06/17     |  |               | 1   |  |               |  | * |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 149    |  |  | $ | 149    | 
|                       |  | Jpg Cab Corp                      |  | Term Loan                                          |  | 04/23/12        |  | 04/23/17     |  |               | 1   |  |               |  | * |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 137    |  |  | $ | 138    | 
|                       |  | Sabina Cab Inc                    |  | Term Loan                                          |  | 04/19/13        |  | 04/19/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 132    |  |  | $ | 133    | 
|                       |  | Antar Trans Inc                   |  | Term Loan                                          |  | 01/17/14        |  | 01/17/19     |  |               | 1   |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 129    |  |  | $ | 130    | 
|                       |  | Ultra Investment Corp ##          |  | Term Loan                                          |  | 03/22/11        |  | 03/22/16     |  |               | 1   |  |               |  | * |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 121    |  |  | $ | 121    | 
|                       |  | Asmara Cab Company ##             |  | Term Loan                                          |  | 12/01/11        |  | 12/01/16     |  |               | 1   |  |               |  | * |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 118    |  |  | $ | 118    | 
|                       |  | Delina Cab Inc                    |  | Term Loan                                          |  | 01/22/13        |  | 01/22/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 113    |  |  | $ | 114    | 
|                       |  | Bedford Cab Two Corp              |  | Term Loan                                          |  | 07/30/10        |  | 03/14/16     |  |               | 1   |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 111    |  |  | $ | 111    | 
|                       |  | Paik Cab Co                       |  | Term Loan                                          |  | 05/30/14        |  | 05/30/19     |  |               | 1   |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 108    |  |  | $ | 110    | 
|                       |  | Addis Flower Taxi Cab Service     |  | Term Loan                                          |  | 02/27/14        |  | 02/27/19     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 108    |  |  | $ | 110    | 
|                       |  | Imc Cab Corp                      |  | Term Loan                                          |  | 08/27/10        |  | 03/14/16     |  |               | 1   |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 107    |  |  | $ | 107    | 
|                       |  | Bashiru Habib                     |  | Term Loan                                          |  | 07/09/14        |  | 07/09/18     |  |               | 1   |  |               |  | * |                  |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 103    |  |  | $ | 105    | 
|                       |  | Moses J Frank &                   |  | Term Loan                                          |  | 04/26/13        |  | 04/26/18     |  |               | 1   |  |               |  | * |                  |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 103    |  |  | $ | 104    | 
|                       |  | Tyrone Henderson                  |  | Term Loan                                          |  | 03/12/14        |  | 03/12/19     |  |               | 1   |  |               |  | * |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 87     |  |  | $ | 89     | 
|                       |  | Yemi Taxi Corp ##                 |  | Term Loan                                          |  | 08/01/13        |  | 08/01/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 88     |  |  | $ | 89     | 
|                       |  | Tigray Cab Inc                    |  | Term Loan                                          |  | 03/28/13        |  | 03/28/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 86     |  |  | $ | 87     | 
|                       |  | Measho Cab Corp                   |  | Term Loan                                          |  | 06/16/11        |  | 06/16/16     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 85     |  |  | $ | 85     | 
|                       |  | Hudson Cab Corp                   |  | Term Loan                                          |  | 05/22/14        |  | 05/22/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 62     |  |  | $ | 63     | 
|                       |  | Oia Cab Corp                      |  | Term Loan                                          |  | 08/01/14        |  | 08/01/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.15                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 61     |  |  | $ | 62     | 
|                       |  | Sny Cab Inc ##                    |  | Term Loan                                          |  | 12/14/11        |  | 12/14/16     |  |               | 1   |  |               |  | * |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 57     |  |  | $ | 58     | 
|                       |  | Laight Taxi Corp                  |  | Term Loan                                          |  | 05/22/14        |  | 05/22/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 50     |  |  | $ | 51     | 
|                       |  | Madison Cab Corp                  |  | Term Loan                                          |  | 05/22/14        |  | 05/22/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 50     |  |  | $ | 51     | 
|                       |  | Tribeca Three Cab Corp            |  | Term Loan                                          |  | 05/22/14        |  | 05/22/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 49     |  |  | $ | 50     | 
|                       |  | Stny Taxi Corp                    |  | Term Loan                                          |  | 08/01/14        |  | 08/01/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.15                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 49     |  |  | $ | 50     | 
|                       |  | Santorini Two Cab Corp            |  | Term Loan                                          |  | 08/01/14        |  | 08/01/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.15                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 49     |  |  | $ | 50     | 
|                       |  | Top Cab Corp                      |  | Term Loan                                          |  | 02/24/15        |  | 02/24/19     |  |               | 1   |  |               |  | * |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 44  |           |  | $ | 44     |  |  | $ | 46     | 
|                       |  | Greenwich Cab Corp                |  | Term Loan                                          |  | 05/22/14        |  | 05/22/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 37     |  |  | $ | 38     | 
|                       |  | Ade Taxi Corp                     |  | Term Loan                                          |  | 12/08/14        |  | 12/08/19     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 34     |  |  | $ | 36     | 
|                       |  | Bashiru Habib/B Note              |  | Term Loan                                          |  | 07/09/14        |  | 07/09/18     |  |               | 1   |  |               |  | * |                  |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 31     |  |  | $ | 33     | 
|                       |  | Ali Taxi Corp ##                  |  | Term Loan                                          |  | 08/13/13        |  | 08/13/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 30     |  |  | $ | 32     | 
|                       |  | Francis King Boat Inc             |  | Term Loan                                          |  | 04/17/13        |  | 04/17/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 26     |  |  | $ | 27     | 
|                       |  | Any Cab Two Corp                  |  | Term Loan                                          |  | 05/22/14        |  | 05/22/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 25     |  |  | $ | 26     | 
|                       |  | St Petersburg Taxi LLC            |  | Term Loan                                          |  | 05/22/14        |  | 05/22/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 25     |  |  | $ | 26     | 
|Newark                 |  |                                   |  |                                                    |  |                 |  |              |  |               | 113 |  |               |  | 9 | %                |  |  | 5.26                | % |  | $                                   | 0 |  |          | $ | 215 |           |  | $ | 24,791 |  |  | $ | 24,883 | 
|                       |  | Viergella Inc ##                  |  | Term Loan                                          |  | 02/20/14        |  | 02/20/18     |  |               | 1   |  |               |  | * |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 1,367  |  |  | $ | 1,366  | 
|                       |  | Rachel LLC                        |  | Term Loan                                          |  | 04/25/13        |  | 04/25/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 714    |  |  | $ | 714    | 
|                       |  | Cherubin Vincent &                |  | Term Loan                                          |  | 01/23/14        |  | 01/23/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 641    |  |  | $ | 643    | 
|                       |  | K And N Taxi LLC                  |  | Term Loan                                          |  | 09/26/13        |  | 09/26/16     |  |               | 1   |  |               |  | * |                  |  |  | 4.80                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 629    |  |  | $ | 630    | 
|                       |  | A.M.E. Transit Limited Liabili ## |  | Term Loan                                          |  | 01/10/13        |  | 01/10/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 574    |  |  | $ | 574    | 
|                       |  | Briana Taxi LLC                   |  | Term Loan                                          |  | 01/23/14        |  | 01/23/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 354    |  |  | $ | 356    | 
|                       |  | Saintvillien & Larochelle LLC     |  | Term Loan                                          |  | 11/14/13        |  | 11/14/18     |  |               | 1   |  |               |  | * |                  |  |  | 4.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 336    |  |  | $ | 338    | 
|                       |  | Airport Travel LLC                |  | Term Loan                                          |  | 01/23/14        |  | 01/23/18     |  |               | 1   |  |               |  | * |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 322    |  |  | $ | 324    | 
|                       |  | Two Daughters Taxi LLC ##         |  | Term Loan                                          |  | 06/12/14        |  | 06/12/18     |  |               | 1   |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 318    |  |  | $ | 319    | 
|                       |  | Mr. Milicent & Sons, LLC ##       |  | Term Loan                                          |  | 04/24/14        |  | 04/24/17     |  |               | 1   |  |               |  | * |                  |  |  | 4.80                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 312    |  |  | $ | 314    | 
|                       |  | P.C. Taxi Corp                    |  | Term Loan                                          |  | 06/13/13        |  | 06/13/17     |  |               | 1   |  |               |  | * |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 302    |  |  | $ | 303    | 
|                       |  | Clair 282 LLC ##                  |  | Term Loan                                          |  | 09/12/13        |  | 09/12/17     |  |               | 1   |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 296    |  |  | $ | 297    | 
|                       |  | Owned By Mr Vincent LLC &         |  | Term Loan                                          |  | 01/10/13        |  | 01/10/17     |  |               | 1   |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 291    |  |  | $ | 292    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                       |  |                                   |  |                                                    |  |                 |  |              |  |               |   |  |               |  |   |                  |  |  |                     |   |  |                                     |   |  |          |   |     |           |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- |  | ------------ |  | ------------- | - |  | ------------- |  | - | ---------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | --- | --------- |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | No. ofInvest. |   |  | % ofNetAssets |  |   | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost of2015Acquisitions (5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | 1 Hope LLC                        |  | Term Loan                                          |  | 09/26/13        |  | 09/26/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 290 |  |  | $ | 292 | 
|                       |  | Dern #2 Taxi Inc ##               |  | Term Loan                                          |  | 12/12/13        |  | 12/12/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 289 |  |  | $ | 290 | 
|                       |  | Cmgv #2 Taxi Inc ##               |  | Term Loan                                          |  | 12/12/13        |  | 12/12/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 289 |  |  | $ | 290 | 
|                       |  | Carvin Taxi Inc ##                |  | Term Loan                                          |  | 12/12/13        |  | 12/12/16     |  |               | 1 |  |               |  | * |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 289 |  |  | $ | 290 | 
|                       |  | Bidon Taxi Inc ##                 |  | Term Loan                                          |  | 11/14/13        |  | 11/14/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 287 |  |  | $ | 289 | 
|                       |  | Lagrande Taxi Corp ##             |  | Term Loan                                          |  | 02/14/13        |  | 02/14/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 288 |  |  | $ | 289 | 
|                       |  | Romise Taxi LLC                   |  | Term Loan                                          |  | 04/25/13        |  | 04/25/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 288 |  |  | $ | 289 | 
|                       |  | B Gene And Fil LLC                |  | Term Loan                                          |  | 01/10/13        |  | 01/10/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 287 |  |  | $ | 288 | 
|                       |  | Center Taxi LLC ##                |  | Term Loan                                          |  | 08/15/13        |  | 08/15/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 283 |  |  | $ | 284 | 
|                       |  | Angel Taxi LLC &                  |  | Term Loan                                          |  | 08/14/14        |  | 08/14/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 282 |  |  | $ | 281 | 
|                       |  | Dorvilma LLC ##                   |  | Term Loan                                          |  | 02/14/13        |  | 02/14/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 278 |  |  | $ | 278 | 
|                       |  | Hg & Zg Corporation               |  | Term Loan                                          |  | 10/25/12        |  | 10/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 274 |  |  | $ | 275 | 
|                       |  | Jovin Taxi Inc ##                 |  | Term Loan                                          |  | 01/10/13        |  | 01/10/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 269 |  |  | $ | 270 | 
|                       |  | Magdala Corp ##                   |  | Term Loan                                          |  | 08/16/13        |  | 08/16/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 268 |  |  | $ | 268 | 
|                       |  | One At A Time Time Transport I ## |  | Term Loan                                          |  | 09/20/12        |  | 09/20/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 268 |  |  | $ | 268 | 
|                       |  | Maitre Joa LLC &                  |  | Term Loan                                          |  | 09/12/13        |  | 09/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 265 |  |  | $ | 266 | 
|                       |  | Simone Francois ##                |  | Term Loan                                          |  | 04/25/13        |  | 04/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 259 |  |  | $ | 260 | 
|                       |  | Hg & Zg Corporation               |  | Term Loan                                          |  | 10/25/12        |  | 10/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 255 |  |  | $ | 255 | 
|                       |  | Philippe Taxi LLC &               |  | Term Loan                                          |  | 10/23/14        |  | 10/23/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 255 |  |  | $ | 254 | 
|                       |  | Peter Doe                         |  | Term Loan                                          |  | 08/14/14        |  | 08/14/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 246 |  |  | $ | 248 | 
|                       |  | Kesh & Kelo LLC ##                |  | Term Loan                                          |  | 04/25/13        |  | 04/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 247 |  |  | $ | 248 | 
|                       |  | Three Sons 2 Taxi Inc ##          |  | Term Loan                                          |  | 05/09/13        |  | 05/09/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 246 |  |  | $ | 247 | 
|                       |  | Nahla Taxi Inc ##                 |  | Term Loan                                          |  | 04/24/14        |  | 04/24/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 244 |  |  | $ | 246 | 
|                       |  | D,D Trans Inc                     |  | Term Loan                                          |  | 09/18/14        |  | 09/18/18     |  |               | 1 |  |               |  | * |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 246 |  |  | $ | 246 | 
|                       |  | St Abraam Corp                    |  | Term Loan                                          |  | 04/25/13        |  | 04/22/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 244 |  |  | $ | 244 | 
|                       |  | Rowfida Incorporated ##           |  | Term Loan                                          |  | 12/12/13        |  | 12/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 240 |  |  | $ | 242 | 
|                       |  | Timax 426 Inc                     |  | Term Loan                                          |  | 11/14/13        |  | 11/14/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 240 |  |  | $ | 242 | 
|                       |  | Laboule LLC                       |  | Term Loan                                          |  | 09/18/14        |  | 09/18/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 241 |  |  | $ | 240 | 
|                       |  | Les & Thera Transportation LLC    |  | Term Loan                                          |  | 07/12/13        |  | 07/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 237 |  |  | $ | 238 | 
|                       |  | Sonson Taxi Inc ##                |  | Term Loan                                          |  | 10/25/12        |  | 10/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 232 |  |  | $ | 233 | 
|                       |  | Luckner Etienne ##                |  | Term Loan                                          |  | 10/25/12        |  | 10/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 232 |  |  | $ | 232 | 
|                       |  | T-Bozo Trans LLC                  |  | Term Loan                                          |  | 04/25/13        |  | 04/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 229 |  |  | $ | 230 | 
|                       |  | Grec Taxi Corp                    |  | Term Loan                                          |  | 12/08/11        |  | 12/08/15     |  |               | 1 |  |               |  | * |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 227 |  |  | $ | 227 | 
|                       |  | Anasta.S. Taxi LLC                |  | Term Loan                                          |  | 04/25/13        |  | 04/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 223 |  |  | $ | 224 | 
|                       |  | Semsema Trans Corporation         |  | Term Loan                                          |  | 09/18/14        |  | 09/18/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 221 |  |  | $ | 221 | 
|                       |  | E H 88 Taxi Corp ##               |  | Term Loan                                          |  | 06/12/14        |  | 06/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 220 |  |  | $ | 220 | 
|                       |  | Jacob And Jasmina Inc             |  | Term Loan                                          |  | 10/24/14        |  | 10/24/18     |  |               | 1 |  |               |  | * |                  |  |  | 4.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 219 |  |  | $ | 219 | 
|                       |  | Joseph And Jamar Inc              |  | Term Loan                                          |  | 10/24/14        |  | 10/24/18     |  |               | 1 |  |               |  | * |                  |  |  | 4.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 219 |  |  | $ | 219 | 
|                       |  | M.K. Taxi Inc                     |  | Term Loan                                          |  | 01/23/14        |  | 01/23/18     |  |               | 1 |  |               |  | * |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 217 |  |  | $ | 219 | 
|                       |  | Ekny Fils-Aime ##                 |  | Term Loan                                          |  | 10/17/11        |  | 10/17/16     |  |               | 1 |  |               |  | * |                  |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 217 |  |  | $ | 218 | 
|                       |  | Mpaul 596 LLC                     |  | Term Loan                                          |  | 04/25/13        |  | 04/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 217 |  |  | $ | 218 | 
|                       |  | Zoune Taxi #2 Inc ##              |  | Term Loan                                          |  | 01/10/13        |  | 01/10/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 216 |  |  | $ | 217 | 
|                       |  | S.J.L.T Joujean Inc               |  | Term Loan                                          |  | 03/15/12        |  | 03/15/16     |  |               | 1 |  |               |  | * |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 213 |  |  | $ | 214 | 
|                       |  | Joseph And Alea LLC ##            |  | Term Loan                                          |  | 02/23/15        |  | 02/23/19     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          | $ | 215 |           |  | $ | 214 |  |  | $ | 213 | 
|                       |  | Dmd Taxi LLC                      |  | Term Loan                                          |  | 09/26/13        |  | 09/26/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 210 |  |  | $ | 212 | 
|                       |  | Jacob Joseph                      |  | Term Loan                                          |  | 04/25/13        |  | 04/25/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 211 |  |  | $ | 212 | 
|                       |  | Boss Carmel Taxi Inc ##           |  | Term Loan                                          |  | 11/14/13        |  | 11/14/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 205 |  |  | $ | 207 | 
|                       |  | Erick Fleuridor                   |  | Term Loan                                          |  | 07/19/12        |  | 07/19/15     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 205 |  |  | $ | 205 | 
|                       |  | Chell 11 Corp                     |  | Term Loan                                          |  | 07/10/14        |  | 07/10/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 201 |  |  | $ | 203 | 
|                       |  | O.P. Taxi LLC                     |  | Term Loan                                          |  | 10/23/14        |  | 10/23/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 202 |  |  | $ | 202 | 
|                       |  | Chavensky Cab Inc                 |  | Term Loan                                          |  | 12/12/13        |  | 12/12/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 193 |  |  | $ | 195 | 
|                       |  | Saintilia Charles                 |  | Term Loan                                          |  | 09/18/14        |  | 09/18/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 193 |  |  | $ | 193 | 
|                       |  | Stany Inc                         |  | Term Loan                                          |  | 05/12/11        |  | 05/12/15     |  |               | 1 |  |               |  | * |                  |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 192 |  |  | $ | 192 | 
|                       |  | Clermise LLC                      |  | Term Loan                                          |  | 09/18/14        |  | 09/18/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 190 |  |  | $ | 190 | 
|                       |  | Daniele Taxi LLC ##               |  | Term Loan                                          |  | 05/15/14        |  | 05/15/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 187 |  |  | $ | 189 | 
|                       |  | Herve Dameus ##                   |  | Term Loan                                          |  | 12/11/14        |  | 12/11/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 184 |  |  | $ | 184 | 
|                       |  | Thomas Lahens                     |  | Term Loan                                          |  | 07/11/13        |  | 07/11/17     |  |               | 1 |  |               |  | * |                  |  |  | 4.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 180 |  |  | $ | 181 | 
|                       |  | S Gladys Taxi LLC ##              |  | Term Loan                                          |  | 06/12/14        |  | 06/12/18     |  |               | 1 |  |               |  | * |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 178 |  |  | $ | 179 | 
|                       |  | Mfc Taxi Corp ##                  |  | Term Loan                                          |  | 09/20/11        |  | 09/19/16     |  |               | 1 |  |               |  | * |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 177 |  |  | $ | 177 | 
|                       |  | Micheline Luxeus ##               |  | Term Loan                                          |  | 12/13/12        |  | 12/13/17     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 173 |  |  | $ | 174 | 
|                       |  | Serge Previlon LLC                |  | Term Loan                                          |  | 08/15/13        |  | 08/15/18     |  |               | 1 |  |               |  | * |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 169 |  |  | $ | 171 | 
|                       |  | Erick Fleuridor                   |  | Term Loan                                          |  | 10/25/12        |  | 10/25/16     |  |               | 1 |  |               |  | * |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 169 |  |  | $ | 170 | 
|                       |  | Marie Jeanne Philemon             |  | Term Loan                                          |  | 07/07/11        |  | 07/07/15     |  |               | 1 |  |               |  | * |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 166 |  |  | $ | 166 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                       |  |                               |  |                                                    |  |                 |  |              |  |               |    |  |               |  |    |                  |  |  |                     |   |  |                                     |   |  |          |   |     |           |  |   |        |  |  |   |        | 
|---------------------- |  | ----------------------------- |  | -------------------------------------------------- |  | --------------- |  | ------------ |  | ------------- | -- |  | ------------- |  | -- | ---------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | --- | --------- |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                  |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | No. ofInvest. |    |  | % ofNetAssets |  |    | InterestRate
(1) |  |  | CapitalizedInterest |   |  | OriginalCost of2015Acquisitions (5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Cassandra & Joseph Sejour Inc |  | Term Loan                                          |  | 04/09/10        |  | 03/13/18     |  |               | 1  |  |               |  | *  |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 161    |  |  | $ | 160    | 
|                       |  | Just 8 Taxi #2 Inc ##         |  | Term Loan                                          |  | 09/20/11        |  | 09/19/15     |  |               | 1  |  |               |  | *  |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 159    |  |  | $ | 159    | 
|                       |  | Monise Lubintus               |  | Term Loan                                          |  | 12/12/13        |  | 12/12/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 156    |  |  | $ | 157    | 
|                       |  | A.N.T.K. LLC                  |  | Term Loan                                          |  | 04/25/13        |  | 04/25/18     |  |               | 1  |  |               |  | *  |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 147    |  |  | $ | 148    | 
|                       |  | Charata Taxi Inc              |  | Term Loan                                          |  | 12/12/13        |  | 12/12/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 145    |  |  | $ | 147    | 
|                       |  | 534 Taxi LLC                  |  | Term Loan                                          |  | 08/14/14        |  | 08/14/18     |  |               | 1  |  |               |  | *  |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 144    |  |  | $ | 144    | 
|                       |  | Saintvillien & Larochelle LLC |  | Term Loan                                          |  | 11/14/13        |  | 11/14/18     |  |               | 1  |  |               |  | *  |                  |  |  | 4.63                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 142    |  |  | $ | 144    | 
|                       |  | Antoines Dortin ##            |  | Term Loan                                          |  | 08/14/14        |  | 08/14/18     |  |               | 1  |  |               |  | *  |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 142    |  |  | $ | 142    | 
|                       |  | Pierre Family 084 LLC         |  | Term Loan                                          |  | 07/12/13        |  | 07/12/17     |  |               | 1  |  |               |  | *  |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 141    |  |  | $ | 142    | 
|                       |  | Ahmad Taxi Inc                |  | Term Loan                                          |  | 06/09/11        |  | 06/09/16     |  |               | 1  |  |               |  | *  |                  |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 136    |  |  | $ | 137    | 
|                       |  | 424 Taxi LLC                  |  | Term Loan                                          |  | 01/20/12        |  | 01/20/17     |  |               | 1  |  |               |  | *  |                  |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 134    |  |  | $ | 135    | 
|                       |  | Forward Taxi Corp             |  | Term Loan                                          |  | 03/15/12        |  | 03/15/17     |  |               | 1  |  |               |  | *  |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 130    |  |  | $ | 131    | 
|                       |  | Charles K Agesilas            |  | Term Loan                                          |  | 08/14/14        |  | 08/14/21     |  |               | 1  |  |               |  | *  |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 128    |  |  | $ | 129    | 
|                       |  | R & Z Trans Service Inc       |  | Term Loan                                          |  | 01/10/13        |  | 01/10/23     |  |               | 1  |  |               |  | *  |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 124    |  |  | $ | 126    | 
|                       |  | Yves Frantz Philemon          |  | Term Loan                                          |  | 12/11/14        |  | 12/11/18     |  |               | 1  |  |               |  | *  |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 124    |  |  | $ | 124    | 
|                       |  | Alhayat Taxi Inc              |  | Term Loan                                          |  | 02/14/13        |  | 02/14/17     |  |               | 1  |  |               |  | *  |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 113    |  |  | $ | 112    | 
|                       |  | Olga Morales                  |  | Term Loan                                          |  | 03/15/12        |  | 03/15/16     |  |               | 1  |  |               |  | *  |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 109    |  |  | $ | 110    | 
|                       |  | 0127 Incorporated ##          |  | Term Loan                                          |  | 07/19/12        |  | 07/19/16     |  |               | 1  |  |               |  | *  |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 107    |  |  | $ | 108    | 
|                       |  | Cosmos 2 Taxi Corporation ##  |  | Term Loan                                          |  | 11/14/13        |  | 11/14/18     |  |               | 1  |  |               |  | *  |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 100    |  |  | $ | 102    | 
|                       |  | Louibert Julien               |  | Term Loan                                          |  | 06/18/14        |  | 06/16/21     |  |               | 1  |  |               |  | *  |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 100    |  |  | $ | 102    | 
|                       |  | Don Taxi Inc/Mbnk             |  | Term Loan                                          |  | 01/23/14        |  | 01/23/18     |  |               | 1  |  |               |  | *  |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 102    |  |  | $ | 102    | 
|                       |  | Hercule Jean-Baptiste         |  | Term Loan                                          |  | 06/13/13        |  | 06/13/17     |  |               | 1  |  |               |  | *  |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 100    |  |  | $ | 101    | 
|                       |  | E-Z-4-U Inc                   |  | Term Loan                                          |  | 01/19/12        |  | 01/19/16     |  |               | 1  |  |               |  | *  |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 85     |  |  | $ | 85     | 
|                       |  | Gethsemane Inc                |  | Term Loan                                          |  | 02/20/14        |  | 02/20/19     |  |               | 1  |  |               |  | *  |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 82     |  |  | $ | 84     | 
|                       |  | Clameus Estimable             |  | Term Loan                                          |  | 05/06/10        |  | 06/06/18     |  |               | 1  |  |               |  | *  |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 83     |  |  | $ | 83     | 
|                       |  | Mario P Jean-Louis ##         |  | Term Loan                                          |  | 12/11/14        |  | 12/11/18     |  |               | 1  |  |               |  | *  |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 80     |  |  | $ | 80     | 
|                       |  | Praise The Lord Taxi Inc      |  | Term Loan                                          |  | 05/20/11        |  | 05/20/15     |  |               | 1  |  |               |  | *  |                  |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 80     |  |  | $ | 80     | 
|                       |  | Pola Trans Inc ##             |  | Term Loan                                          |  | 07/19/12        |  | 07/19/17     |  |               | 1  |  |               |  | *  |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 78     |  |  | $ | 78     | 
|                       |  | Gerald Jean-Louis ##          |  | Term Loan                                          |  | 04/25/13        |  | 04/25/17     |  |               | 1  |  |               |  | *  |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 74     |  |  | $ | 75     | 
|                       |  | Mr Clean Sdam Taxi LLC        |  | Term Loan                                          |  | 06/09/11        |  | 06/09/15     |  |               | 1  |  |               |  | *  |                  |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 72     |  |  | $ | 72     | 
|                       |  | Fraline Taxi Inc ##           |  | Term Loan                                          |  | 09/18/14        |  | 09/18/19     |  |               | 1  |  |               |  | *  |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 58     |  |  | $ | 59     | 
|                       |  | Reyes Okoroagu ##             |  | Term Loan                                          |  | 11/14/13        |  | 11/14/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 47     |  |  | $ | 49     | 
|                       |  | Pegy Taxi Corp                |  | Term Loan                                          |  | 02/17/11        |  | 02/17/17     |  |               | 1  |  |               |  | *  |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 39     |  |  | $ | 40     | 
|                       |  | Pierre Sterling               |  | Term Loan                                          |  | 01/19/12        |  | 01/19/17     |  |               | 1  |  |               |  | *  |                  |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 37     |  |  | $ | 38     | 
|                       |  | Farar LLC ##                  |  | Term Loan                                          |  | 03/13/14        |  | 03/13/19     |  |               | 1  |  |               |  | *  |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 29     |  |  | $ | 31     | 
|                       |  | Webert Joseph                 |  | Term Loan                                          |  | 02/17/11        |  | 02/17/17     |  |               | 1  |  |               |  | *  |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 30     |  |  | $ | 31     | 
|                       |  | Jean Belony                   |  | Term Loan                                          |  | 06/09/11        |  | 06/09/16     |  |               | 1  |  |               |  | *  |                  |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 22     |  |  | $ | 23     | 
|Boston                 |  |                               |  |                                                    |  |                 |  |              |  |               | 58 |  |               |  | 10 | %                |  |  | 4.67                | % |  | $                                   | 0 |  |          | $ | 456 |           |  | $ | 26,840 |  |  | $ | 26,883 | 
|                       |  | Chiso Trans Inc &             |  | Term Loan                                          |  | 11/26/13        |  | 11/26/16     |  |               | 1  |  |               |  | *  |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 820    |  |  | $ | 821    | 
|                       |  | Chiso Trans Inc &             |  | Term Loan                                          |  | 04/20/12        |  | 04/20/15     |  |               | 1  |  |               |  | *  |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 582    |  |  | $ | 582    | 
|                       |  | Johnson Holdings Inc          |  | Term Loan                                          |  | 04/23/14        |  | 04/23/17     |  |               | 1  |  |               |  | 1  | %                |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 1,380  |  |  | $ | 1,382  | 
|                       |  | Chidi Trans Inc ##            |  | Term Loan                                          |  | 11/17/14        |  | 11/17/17     |  |               | 1  |  |               |  | *  |                  |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 1,294  |  |  | $ | 1,296  | 
|                       |  | Gabriel Trans Holdings Inc    |  | Term Loan                                          |  | 04/23/14        |  | 04/23/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 1,113  |  |  | $ | 1,115  | 
|                       |  | Sasun Cab Inc                 |  | Term Loan                                          |  | 02/20/13        |  | 02/20/16     |  |               | 1  |  |               |  | *  |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 914    |  |  | $ | 915    | 
|                       |  | Mish Inc ##                   |  | Term Loan                                          |  | 12/28/12        |  | 12/28/16     |  |               | 1  |  |               |  | *  |                  |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 872    |  |  | $ | 871    | 
|                       |  | Southside Enterprises Inc ##  |  | Term Loan                                          |  | 12/28/12        |  | 12/28/16     |  |               | 1  |  |               |  | *  |                  |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 872    |  |  | $ | 871    | 
|                       |  | Arinze Trans Inc ##           |  | Term Loan                                          |  | 04/22/14        |  | 04/22/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 708    |  |  | $ | 708    | 
|                       |  | Ngozi Trans Inc. &            |  | Term Loan                                          |  | 12/31/12        |  | 12/31/15     |  |               | 1  |  |               |  | *  |                  |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 621    |  |  | $ | 622    | 
|                       |  | Baton Moise Cab Inc ##        |  | Term Loan                                          |  | 04/14/14        |  | 04/14/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 620    |  |  | $ | 622    | 
|                       |  | Oke Auguste Cab Inc ##        |  | Term Loan                                          |  | 01/31/14        |  | 01/31/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 616    |  |  | $ | 617    | 
|                       |  | Arinze Trans Inc &            |  | Term Loan                                          |  | 02/05/10        |  | 02/05/16     |  |               | 1  |  |               |  | *  |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 576    |  |  | $ | 576    | 
|                       |  | Britney Cab Inc &             |  | Term Loan                                          |  | 12/18/13        |  | 12/18/16     |  |               | 1  |  |               |  | *  |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 535    |  |  | $ | 536    | 
|                       |  | Chenal Cab Inc                |  | Term Loan                                          |  | 12/03/13        |  | 12/03/16     |  |               | 1  |  |               |  | *  |                  |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 534    |  |  | $ | 535    | 
|                       |  | Ser-Vil Cab Inc               |  | Term Loan                                          |  | 03/28/14        |  | 03/28/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.63                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 525    |  |  | $ | 527    | 
|                       |  | Farb Inc ##                   |  | Term Loan                                          |  | 02/20/13        |  | 02/20/16     |  |               | 1  |  |               |  | *  |                  |  |  | 5.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 527    |  |  | $ | 527    | 
|                       |  | Amazing Grace Cab Inc         |  | Term Loan                                          |  | 02/06/14        |  | 02/06/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 504    |  |  | $ | 505    | 
|                       |  | God-Will Inc                  |  | Term Loan                                          |  | 02/11/14        |  | 02/11/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 500    |  |  | $ | 502    | 
|                       |  | Jason Cab Inc ##              |  | Term Loan                                          |  | 03/15/13        |  | 03/15/16     |  |               | 1  |  |               |  | *  |                  |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 497    |  |  | $ | 498    | 
|                       |  | Memory Cab Company Inc ##     |  | Term Loan                                          |  | 01/14/11        |  | 01/14/17     |  |               | 1  |  |               |  | *  |                  |  |  | 4.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 498    |  |  | $ | 497    | 
|                       |  | S.P.B. Taxi Inc               |  | Term Loan                                          |  | 09/18/13        |  | 09/18/18     |  |               | 1  |  |               |  | *  |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 490    |  |  | $ | 491    | 
|                       |  | Myra Inc                      |  | Term Loan                                          |  | 08/12/13        |  | 04/13/15     |  |               | 1  |  |               |  | *  |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 489    |  |  | $ | 490    | 
|                       |  | Saint Inc                     |  | Term Loan                                          |  | 08/12/13        |  | 04/13/15     |  |               | 1  |  |               |  | *  |                  |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 489    |  |  | $ | 490    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                                                                                    |  |  |  |                                |  |                                                    |  |                 |          |  |              |      |          |               |   |   |               |  |   |                  |   |   |                     |         |       |                                       |   |         |          |  |  |           |       |  |  |   |       |  |  |   |       | 
|----------------------------------------------------------------------------------- |  |  |  | ------------------------------ |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ | ---- | -------- | ------------- | - | - | ------------- |  | - | ---------------- | - | - | ------------------- | ------- | ----- | ------------------------------------- | - | ------- | -------- |  |  | --------- | ----- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands)                                                              |  |  |  | Obligor Name                   |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |      |          | No. ofInvest. |   |   | % ofNetAssets |  |   | InterestRate
(1) |   |   | CapitalizedInterest |         |       | OriginalCost 
of2015Acquisitions 
(5) |   |         | Cost (4) |  |  | FairValue |      
|                                                                                    |  |  |  | Good Time Cab Inc ##           |  | Term Loan                                          |  |                 | 03/20/14 |  |              |      | 03/20/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.13  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 487   |  |  | $ | 488   | 
|                                                                                    |  |  |  | Loren Cab Inc ##               |  | Term Loan                                          |  |                 | 03/20/14 |  |              |      | 03/20/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.13  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 487   |  |  | $ | 488   | 
|                                                                                    |  |  |  | Bailey Cab Inc ##              |  | Term Loan                                          |  |                 | 11/09/12 |  |              |      | 11/09/15 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 476   |  |  | $ | 476   | 
|                                                                                    |  |  |  | Odat Taxi, Inc. ##             |  | Term Loan                                          |  |                 | 03/07/13 |  |              |      | 03/07/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 454   |  |  | $ | 454   | 
|                                                                                    |  |  |  | Theo Cab Inc ##                |  | Term Loan                                          |  |                 | 03/07/13 |  |              |      | 03/07/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 454   |  |  | $ | 454   | 
|                                                                                    |  |  |  | Ruth Cab Inc                   |  | Term Loan                                          |  |                 | 11/26/13 |  |              |      | 11/26/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 451   |  |  | $ | 452   | 
|                                                                                    |  |  |  | TomorrowS Tree Inc            |  | Term Loan                                          |  |                 | 10/08/13 |  |              |      | 10/08/18 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 450   |  |  | $ | 452   | 
|                                                                                    |  |  |  | Syed Cab Inc                   |  | Term Loan                                          |  |                 | 02/27/15 |  |              |      | 02/27/18 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.25  | %                                     |   | $       | 0        |  |  | $         | 445   |  |  | $ | 444   |  |  | $ | 446   | 
|                                                                                    |  |  |  | P&P Dumerant Corp ## &         |  | Term Loan                                          |  |                 | 10/25/13 |  |              |      | 10/25/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 437   |  |  | $ | 438   | 
|                                                                                    |  |  |  | Joyful Ride Inc ##             |  | Term Loan                                          |  |                 | 12/28/12 |  |              |      | 12/28/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 436   |  |  | $ | 436   | 
|                                                                                    |  |  |  | Jv Taxi Inc                    |  | Term Loan                                          |  |                 | 10/24/14 |  |              |      | 10/24/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 433   |  |  | $ | 434   | 
|                                                                                    |  |  |  | Eldali Transportation Inc      |  | Term Loan                                          |  |                 | 11/09/12 |  |              |      | 11/26/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 431   |  |  | $ | 431   | 
|                                                                                    |  |  |  | Djbell Love Inc ##             |  | Term Loan                                          |  |                 | 09/27/12 |  |              |      | 09/27/15 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 409   |  |  | $ | 409   | 
|                                                                                    |  |  |  | God Is Able Inc ##             |  | Term Loan                                          |  |                 | 02/11/14 |  |              |      | 02/11/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 388   |  |  | $ | 389   | 
|                                                                                    |  |  |  | H And H Taxi Inc ##            |  | Term Loan                                          |  |                 | 10/11/13 |  |              |      | 10/11/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 367   |  |  | $ | 368   | 
|                                                                                    |  |  |  | Ngozi Trans Inc. ##            |  | Term Loan                                          |  |                 | 04/20/12 |  |              |      | 04/20/15 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 342   |  |  | $ | 341   | 
|                                                                                    |  |  |  | Jesus Denis Cab Inc            |  | Term Loan                                          |  |                 | 03/22/13 |  |              |      | 03/22/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 333   |  |  | $ | 334   | 
|                                                                                    |  |  |  | Urzal Taxi Inc                 |  | Term Loan                                          |  |                 | 07/29/13 |  |              |      | 07/29/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 318   |  |  | $ | 319   | 
|                                                                                    |  |  |  | Ngozi Trans Inc. &             |  | Term Loan                                          |  |                 | 12/31/12 |  |              |      | 12/31/15 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 311   |  |  | $ | 312   | 
|                                                                                    |  |  |  | Shemarjamalie Cab Inc ##       |  | Term Loan                                          |  |                 | 02/17/12 |  |              |      | 02/17/18 |               |   |   | 1             |  |   |                  | * |   |                     |         | 6.15  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 309   |  |  | $ | 309   | 
|                                                                                    |  |  |  | Jre Taxi Inc ##                |  | Term Loan                                          |  |                 | 07/25/14 |  |              |      | 07/25/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.70  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 282   |  |  | $ | 284   | 
|                                                                                    |  |  |  | Boband Cab Inc ##              |  | Term Loan                                          |  |                 | 11/06/12 |  |              |      | 06/06/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 282   |  |  | $ | 282   | 
|                                                                                    |  |  |  | Louine Cab Inc &               |  | Term Loan                                          |  |                 | 11/30/12 |  |              |      | 11/30/15 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 280   |  |  | $ | 281   | 
|                                                                                    |  |  |  | Sarhad Coach Inc               |  | Term Loan                                          |  |                 | 07/23/13 |  |              |      | 05/25/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 274   |  |  | $ | 275   | 
|                                                                                    |  |  |  | Phatricksey Cab Inc ##         |  | Term Loan                                          |  |                 | 07/14/11 |  |              |      | 07/14/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 253   |  |  | $ | 252   | 
|                                                                                    |  |  |  | Margo Cab Inc ##               |  | Term Loan                                          |  |                 | 01/16/13 |  |              |      | 01/16/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 188   |  |  | $ | 188   | 
|                                                                                    |  |  |  | Dabola Cab Inc ##              |  | Term Loan                                          |  |                 | 11/10/11 |  |              |      | 07/10/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 167   |  |  | $ | 167   | 
|                                                                                    |  |  |  | Stanley & Rachelle Cab Inc     |  | Term Loan                                          |  |                 | 05/23/11 |  |              |      | 05/23/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 167   |  |  | $ | 167   | 
|                                                                                    |  |  |  | Kena Cab Inc                   |  | Term Loan                                          |  |                 | 11/06/12 |  |              |      | 11/06/15 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.75  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 70    |  |  | $ | 70    | 
|                                                                                    |  |  |  | Sasun Cab Inc                  |  | Term Loan                                          |  |                 | 02/20/13 |  |              |      | 02/20/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 30    |  |  | $ | 31    | 
|                                                                                    |  |  |  | Theo Cab Inc                   |  | Term Loan                                          |  |                 | 05/01/14 |  |              |      | 05/01/18 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 24    |  |  | $ | 26    | 
|                                                                                    |  |  |  | Sunshine Cab Inc ##            |  | Term Loan                                          |  |                 | 06/12/07 |  |              |      | 06/12/18 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 17    |  |  | $ | 17    | 
|                                                                                    |  |  |  | Jesus Denis Cab Inc            |  | Term Loan                                          |  |                 | 02/12/15 |  |              |      | 02/12/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.50  | %                                     |   | $       | 0        |  |  | $         | 11    |  |  | $ | 11    |  |  | $ | 13    | 
|                                                                                    |  |  |  | Ser-Vil Cab Inc                |  | Term Loan                                          |  |                 | 10/03/14 |  |              |      | 10/03/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 6.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 2     |  |  | $ | 4     | 
|Cambridge                                                                           |  |  |  |                                |  |                                                    |  |                 |          |  |              |      |          |               |   |   | 14            |  |   |                  | 2 | % |                     |         | 4.63  | %                                     |   | $       | 0        |  |  | $         | 2,140 |  |  | $ | 6,692 |  |  | $ | 6,655 | 
|                                                                                    |  |  |  | Gcf Taxi Inc, Et Al            |  | Term Loan                                          |  |                 | 03/25/15 |  |              |      | 03/25/18 |               |   |   | 1             |  |   |                  | 1 | % |                     |         | 5.00  | %                                     |   | $       | 0        |  |  | $         | 2,140 |  |  | $ | 2,140 |  |  | $ | 2,142 | 
|                                                                                    |  |  |  | Gcf Taxi Inc                   |  | Term Loan                                          |  |                 | 10/08/13 |  |              |      | 10/08/18 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 649   |  |  | $ | 651   | 
|                                                                                    |  |  |  | Eureka Cab Inc                 |  | Term Loan                                          |  |                 | 07/01/14 |  |              |      | 07/01/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 424   |  |  | $ | 426   | 
|                                                                                    |  |  |  | Hope-Lynn Cabworks Inc ##      |  | Term Loan                                          |  |                 | 03/22/13 |  |              |      | 03/22/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 373   |  |  | $ | 373   | 
|                                                                                    |  |  |  | Lynn Maha Taxi Inc             |  | Term Loan                                          |  |                 | 05/13/13 |  |              |      | 05/13/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 368   |  |  | $ | 369   | 
|                                                                                    |  |  |  | Patrick Cab Inc And Saad Inc & |  | Term Loan                                          |  |                 | 03/29/13 |  |              |      | 03/29/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.88  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 402   |  |  | $ | 353   | 
|                                                                                    |  |  |  | Mgf Taxi Inc                   |  | Term Loan                                          |  |                 | 05/06/11 |  |              |      | 05/06/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 349   |  |  | $ | 349   | 
|                                                                                    |  |  |  | Desdunes Cab Inc               |  | Term Loan                                          |  |                 | 09/21/12 |  |              |      | 10/21/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.65  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 327   |  |  | $ | 327   | 
|                                                                                    |  |  |  | Sam Taxi Inc &                 |  | Term Loan                                          |  |                 | 03/12/14 |  |              |      | 03/12/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 323   |  |  | $ | 325   | 
|                                                                                    |  |  |  | Drumman Trans Inc              |  | Term Loan                                          |  |                 | 12/07/12 |  |              |      | 12/07/15 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 324   |  |  | $ | 325   | 
|                                                                                    |  |  |  | Raad Taxi Inc ## &             |  | Term Loan                                          |  |                 | 05/30/14 |  |              |      | 05/30/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 320   |  |  | $ | 321   | 
|                                                                                    |  |  |  | Marcia And Everton Cab Inc ##  |  | Term Loan                                          |  |                 | 11/09/12 |  |              |      | 11/09/15 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 277   |  |  | $ | 277   | 
|                                                                                    |  |  |  | Walger Inc                     |  | Term Loan                                          |  |                 | 01/26/12 |  |              |      | 01/26/20 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 271   |  |  | $ | 271   | 
|                                                                                    |  |  |  | Taxi Technology Inc ## &       |  | Term Loan                                          |  |                 | 12/11/13 |  |              |      | 12/11/16 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 145   |  |  | $ | 146   | 
|Other                                                                               |  |  |  |                                |  |                                                    |  |                 |          |  |              |      |          |               |   |   | 9             |  |   |                  | 0 | % |                     |         | 6.57  | %                                     |   | $       | 0        |  |  | $         | 0     |  |  | $ | 795   |  |  | $ | 799   | 
|                                                                                    |  |  |  | Tjp Inc ##                     |  | Term Loan                                          |  |                 | 01/03/14 |  |              |      | 01/03/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 4.75  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 271   |  |  | $ | 272   | 
|                                                                                    |  |  |  | Wiljean Marcelin &             |  | Term Loan                                          |  |                 | 08/21/13 |  |              |      | 09/01/23 |               |   |   | 1             |  |   |                  | * |   |                     |         | 6.75  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 163   |  |  | $ | 165   | 
|                                                                                    |  |  |  | Jean C Mathurin/Norcal         |  | Term Loan                                          |  |                 | 01/15/13 |  |              |      | 02/01/18 |               |   |   | 1             |  |   |                  | * |   |                     |         | 8.50  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 159   |  |  | $ | 159   | 
|                                                                                    |  |  |  | Hantin Trans/Aventura Taxi     |  | Term Loan                                          |  |                 | 06/16/10 |  |              |      | 06/16/17 |               |   |   | 1             |  |   |                  | * |   |                     |         | 8.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 81    |  |  | $ | 82    | 
|                                                                                    |  |  |  | Zelalem S. Alemu               |  | Term Loan                                          |  |                 | 04/28/08 |  |              |      | 04/28/18 |               |   |   | 1             |  |   |                  | * |   |                     |         | 5.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 65    |  |  | $ | 64    | 
|                                                                                    |  |  |  | Elzira & Luc Cab Inc.          |  | Term Loan                                          |  |                 | 08/17/10 |  |              |      | 02/17/18 |               |   |   | 1             |  |   |                  | * |   |                     |         | 8.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 28    |  |  | $ | 28    | 
|                                                                                    |  |  |  | Elysse Corporation             |  | Term Loan                                          |  |                 | 09/10/10 |  |              |      | 11/01/19 |               |   |   | 1             |  |   |                  | * |   |                     |         | 9.00  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 19    |  |  | $ | 20    | 
|                                                                                    |  |  |  | Odney Cab Inc/Mbank            |  | Term Loan                                          |  |                 | 12/22/10 |  |              |      | 12/22/15 |               |   |   | 1             |  |   |                  | * |   |                     |         | 11.50 | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 6     |  |  | $ | 6     | 
|                                                                                    |  |  |  | Durosier Xavier/Mbank          |  | Term Loan                                          |  |                 | 08/16/10 |  |              |      | 07/01/15 |               |   |   | 1             |  |   |                  | * |   |                     |         | 7.25  | %                                     |   | $       | 0        |  |  |           |       |  |  | $ | 3     |  |  | $ | 3     | 
|                                                                                    |  |  |  |                                |  |                                                    |  |                 |          |  |              |      |          |               |   |   |               |  |   |                  |   |   |                     |         |       |                                       |   |         |          |  |  |           |       |  |  |   |       |  |  |   |       | 
|Total medallion loans ($244,674 pledged as collateral under borrowing arrangements) |  |  |  | 679                            |  |                                                    |  | 113             | %        |  |              | 4.05 | %        |               | $ | 0 |               |  | $ | 8,669            |   |   | $                   | 311,061 |       |                                       | $ | 311,305 |         
|                                                                                    |  |  |  |                                |  |                                                    |  |                 |          |  |              |      |          |               |   |   |               |  |   |                  |   |   |                     |         |       |                                       |   |         |          |  |  |           |       |  |  |   |       |  |  |   |       | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                                                                                                                     |  |   |  |                                                                                                               |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |   |  |                  |       |   |                     |   |       |                                       |  |   |          |  |  |           |        |  |  |   |        |  |  |   |       | 
|-------------------------------------------------------------------------------------------------------------------- |  | - |  | ------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- | - |  | ---------------- | ----- | - | ------------------- | - | ----- | ------------------------------------- |  | - | -------- |  |  | --------- | ------ |  |  | - | ------ |  |  | - | ----- | 
|(Dollars in thousands)                                                                                               |  |   |  | Obligor Name                                                                                                  |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |   |  | InterestRate
(1) |       |   | CapitalizedInterest |   |       | OriginalCost 
of2015Acquisitions 
(5) |  |   | Cost (4) |  |  | FairValue |       
|Commercial Loans                                                                                                     |  |   |  |                                                                                                               |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |   |  |                  |       |   |                     |   |       |                                       |  |   |          |  |  |           |        |  |  |   |        | 
|Secured mezzanine Secured mezzanine (30% Minnesota, 10% Ohio, 9% Texas, 8% North Carolina, 6% New York, 6%
Oklahoma, |  |   |  |                                                                                                               |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |   |  |                  |       |   |                     |   |       |                                       |  |   |          |  |  |           |        |  |  |   |        | 
|6% Pennsylvania, 5% Rhode Island, 5% Wisconsin, 5% Illinois, 4% Delaware, 4% Arizona and 2% all other states) (2)    |  |   |  |                                                                                                               |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |   |  |                  |       |   |                     |   |       |                                       |  |   |          |  |  |           |        |  |  |  
|Manufacturing (62% of the total)                                                                                     |  |   |  | Tech Cast Holdings, LLC (interest rate includes PIK interest of 3%)                                           |  | Term Loan                                          |  |                 | 12/12/14 |  |              |  | 12/12/19 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 15.00 | %                                     |  | $ | 20       |  |  |           |        |  |  | $ | 3,370  |  |  | $ | 3,335 | 
|                                                                                                                     |  |   |  | EGC Operating Company, LLC (interest rate includes PIK interest of 3%)                                        |  | Term Loan                                          |  |                 | 09/30/14 |  |              |  | 09/30/19 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 15.00 | %                                     |  | $ | 48       |  |  |           |        |  |  | $ | 3,148  |  |  | $ | 3,158 | 
|                                                                                                                     |  |   |  | AA Plush Holdings, LLC (interest rate includes PIK interest of 2%)                                            |  | Term Loan                                          |  |                 | 08/15/14 |  |              |  | 08/15/19 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 14.00 | %                                     |  | $ | 38       |  |  |           |        |  |  | $ | 3,038  |  |  | $ | 3,027 | 
|                                                                                                                     |  | + |  | Bluff Holdings, Inc. (interest rate includes PIK interest of 3.50%)                                           |  | Term Loan                                          |  |                 | 12/14/12 |  |              |  | 12/14/17 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 15.50 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 3,000  |  |  | $ | 3,006 | 
|                                                                                                                     |  |   |  | Production Services Associates LLC (d/b/a American Card Services) (interest rate includes PIK interest of 2%) |  | Term Loan                                          |  |                 | 02/17/15 |  |              |  | 02/17/20 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 16.00 | %                                     |  | $ | 6        |  |  | $         | 2,600  |  |  | $ | 2,606  |  |  | $ | 2,580 | 
|                                                                                                                     |  |   |  | BB Opco, LLC d/b/a BreathableBaby, LLC (interest rate includes PIK interest of 2%)                            |  | Term Loan                                          |  |                 | 08/01/14 |  |              |  | 08/01/19 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 14.00 | %                                     |  | $ | 34       |  |  |           |        |  |  | $ | 2,534  |  |  | $ | 2,538 | 
|                                                                                                                     |  |   |  | American Cylinder, Inc. d/b/a All Safe (interest rate includes PIK interest of 6%)                            |  | Term Loan                                          |  |                 | 07/03/13 |  |              |  | 01/03/18 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 17.00 | %                                     |  | $ | 142      |  |  |           |        |  |  | $ | 1,642  |  |  | $ | 1,642 | 
|                                                                                                                     |  |   |  | American Cylinder, Inc. d/b/a All Safe                                                                        |  | Term Loan                                          |  |                 | 07/03/13 |  |              |  | 07/03/17 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 10.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 800    |  |  | $ | 797   | 
|                                                                                                                     |  |   |  | WRWP, LLC (interest rate includes PIK interest of 3%)                                                         |  | Term Loan                                          |  |                 | 12/30/14 |  |              |  | 12/30/19 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 15.00 | %                                     |  | $ | 17       |  |  |           |        |  |  | $ | 2,259  |  |  | $ | 2,269 | 
|                                                                                                                     |  |   |  | Dynamic Systems, Inc. (interest rate includes PIK interest of 3.50%)                                          |  | Term Loan                                          |  |                 | 12/23/10 |  |              |  | 12/23/17 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 15.50 | %                                     |  | $ | 187      |  |  |           |        |  |  | $ | 2,012  |  |  | $ | 2,012 | 
|                                                                                                                     |  | + |  | Packaging Specialists, Inc. Southwest (interest rate includes PIK interest of 6%)                             |  | Term Loan                                          |  |                 | 04/01/08 |  |              |  | 06/30/15 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 14.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 2,000  |  |  | $ | 2,000 | 
|                                                                                                                     |  | + |  | GAF Manufacturing, LLC (interest rate includes PIK interest of 2%)                                            |  | Term Loan                                          |  |                 | 03/06/14 |  |              |  | 03/06/19 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 14.00 | %                                     |  | $ | 33       |  |  |           |        |  |  | $ | 1,533  |  |  | $ | 1,540 | 
|                                                                                                                     |  | + |  | Respiratory Technologies, Inc.                                                                                |  | Term Loan                                          |  |                 | 04/25/12 |  |              |  | 04/25/17 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 12.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 1,500  |  |  | $ | 1,505 | 
|                                                                                                                     |  |   |  | Orchard Holdings, Inc. &                                                                                      |  | Term Loan                                          |  |                 | 03/10/99 |  |              |  | 03/31/10 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 13.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 1,390  |  |  | $ | 1,390 | 
|                                                                                                                     |  |   |  | Quaker Bakery Brands, Inc.                                                                                    |  | Term Loan                                          |  |                 | 03/28/12 |  |              |  | 03/28/17 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 17.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 1,300  |  |  | $ | 1,295 | 
|                                                                                                                     |  | + |  | Door Engineering and Manufacturing, LLC                                                                       |  | Term Loan                                          |  |                 | 12/15/04 |  |              |  | 04/30/16 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 13.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 1,050  |  |  | $ | 1,050 | 
|                                                                                                                     |  |   |  | Storflex Holdings, Inc. (interest rate includes PIK interest of 2%)                                           |  | Term Loan                                          |  |                 | 07/17/12 |  |              |  | 01/31/19 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 14.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 1,000  |  |  | $ | 1,007 | 
|                                                                                                                     |  | + |  | Waltek Acquisitions, Inc.                                                                                     |  | Term Loan                                          |  |                 | 03/31/06 |  |              |  | 03/31/16 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 12.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 902    |  |  | $ | 902   | 
|Information (10% of the total)                                                                                       |  |   |  | US Internet Corp.                                                                                             |  | Term Loan                                          |  |                 | 06/12/13 |  |              |  | 09/18/20 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 14.50 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 3,000  |  |  | $ | 3,015 | 
|                                                                                                                     |  |   |  | US Internet Corp.                                                                                             |  | Term Loan                                          |  |                 | 03/18/15 |  |              |  | 09/18/20 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 14.50 | %                                     |  | $ | 0        |  |  | $         | 1,750  |  |  | $ | 250    |  |  | $ | 239   | 
|                                                                                                                     |  |   |  | 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  |  |  | $ | 2,487 | 
|Professional, Scientific, and Technical Services (8% of the total)                                                   |  | + |  | DPIS Engineering, LLC                                                                                         |  | Term Loan                                          |  |                 | 12/01/14 |  |              |  | 06/30/20 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 12.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 2,000  |  |  | $ | 1,996 | 
|                                                                                                                     |  | + |  | Portu-Sunberg Marketing, LLC                                                                                  |  | Term Loan                                          |  |                 | 12/31/12 |  |              |  | 12/31/17 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 12.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 2,500  |  |  | $ | 2,508 | 
|Arts, Entertainment, and Recreation (8% of the total)                                                                |  |   |  | RPAC Racing, LLC & (interest rate includes PIK interest of 10%)                                               |  | Term Loan                                          |  |                 | 11/19/10 |  |              |  | 11/19/15 |               |  |  | 1             |   |  |                  | 2     | % |                     |   | 10.00 | %                                     |  | $ | 1,446    |  |  |           |        |  |  | $ | 4,485  |  |  | $ | 4,485 | 
|Administrative and Support Services (6% of the total)                                                                |  | + |  | Staff One, Inc.                                                                                               |  | Term Loan                                          |  |                 | 06/30/08 |  |              |  | 03/31/16 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 3.00  | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 2,964  |  |  | $ | 2,964 | 
|                                                                                                                     |  | + |  | Staff One, Inc.                                                                                               |  | Term Loan                                          |  |                 | 09/15/11 |  |              |  | 03/31/16 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 3.00  | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 485    |  |  | $ | 485   | 
|Wholesale Trade (5% of the total)                                                                                    |  |   |  | Fit & Fresh, Inc (interest rate includes PIK interest of 2%)                                                  |  | Term Loan                                          |  |                 | 03/02/15 |  |              |  | 03/02/20 |               |  |  | 1             |   |  |                  | 1     | % |                     |   | 14.00 | %                                     |  | $ | 5        |  |  | $         | 3,000  |  |  | $ | 3,005  |  |  | $ | 3,013 | 
|Accommodation and Food Services (1% of the total)                                                                    |  |   |  | Javier & David Restaurant Corp.                                                                               |  | Term Loan                                          |  |                 | 11/05/10 |  |              |  | 11/05/15 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 9.25  | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 480    |  |  | $ | 479   | 
|                                                                                                                     |  |   |  | Star Concessions, Ltd. &                                                                                      |  | Term Loan                                          |  |                 | 06/30/00 |  |              |  | 10/01/15 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 10.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 759    |  |  | $ | 59    | 
|                                                                                                                     |  |   |  | MultiRestaurants Concepts, Ltd. &                                                                             |  | Term Loan                                          |  |                 | 06/30/00 |  |              |  | 10/01/15 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 10.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 875    |  |  | $ | 52    | 
|Retail Trade (0% of the total)                                                                                       |  |   |  | Retail Concessions, Ltd. &                                                                                    |  | Term Loan                                          |  |                 | 06/30/00 |  |              |  | 10/01/15 |               |  |  | 1             |   |  |                  | *     |   |                     |   | 10.00 | %                                     |  | $ | 0        |  |  |           |        |  |  | $ | 347    |  |  | $ | 37    | 
|                                                                                                                     |  |   |  |                                                                                                               |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |   |  |                  |       |   |                     |   |       |                                       |  |   |          |  |  |           |        |  |  |   |        |  |  |   |       | 
|Total secured mezzanine
(2)                                                                                          |  |   |  |                                                                                                               |  |                                                    |  |                 |          |  |              |  | 31       |               |  |  | 21            | % |  |                  | 13.09 | % |                     | $ | 1,976 |                                       |  | $ | 7,350    |  |  | $         | 58,734 |  |  | $ | 56,872 | 
|                                                                                                                     |  |   |  |                                                                                                               |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |   |  |                  |       |   |                     |   |       |                                       |  |   |          |  |  |           |        |  |  |   |        |  |  |   |       | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                                                                                                                             |  |  |  |                                                                        |  |                                                    |  |                 |          |    |              |  |          |               |  |               |      |   |                  |   |   |                     |       |   |                                       |   |       |          |       |   |           |   |       |   |       |  |  |   |       | 
|---------------------------------------------------------------------------------------------------------------------------- |  |  |  | ---------------------------------------------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- | -- | ------------ |  | -------- | ------------- |  | ------------- | ---- | - | ---------------- | - | - | ------------------- | ----- | - | ------------------------------------- | - | ----- | -------- | ----- | - | --------- | - | ----- | - | ----- |  |  | - | ----- | 
|(Dollars in thousands)                                                                                                       |  |  |  | Obligor Name                                                           |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |    | MaturityDate |  |          | No. ofInvest. |  | % ofNetAssets |      |   | InterestRate
(1) |   |   | CapitalizedInterest |       |   | OriginalCost 
of2015Acquisitions 
(5) |   |       | Cost (4) |       |   | FairValue |  
|Asset-based (61% New York, 31% New Jersey, 4% Rhode Island and 4% all other states)                                          |  |  |  |                                                                        |  |                                                    |  |                 |         
|Wholesale Trade (28% of the total)                                                                                           |  |  |  | Atlantic Veal & Lamb, Inc. ##                                          |  | Revolving line of credit                           |  |                 | 08/15/01 |    |              |  | 08/15/15 |               |  | 1             |      |   | *                |   |   |                     | 5.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 325   |  |  | $ | 320   | 
|                                                                                                                             |  |  |  | Capitalsea, LLC ##                                                     |  | Revolving line of credit                           |  |                 | 11/07/05 |    |              |  | 11/07/15 |               |  | 1             |      |   | *                |   |   |                     | 4.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 252   |  |  | $ | 236   | 
|                                                                                                                             |  |  |  | Pride of Neptune, Inc. ##                                              |  | Revolving line of credit                           |  |                 | 01/14/02 |    |              |  | 01/14/16 |               |  | 1             |      |   | *                |   |   |                     | 4.75  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 233   |  |  | $ | 229   | 
|                                                                                                                             |  |  |  | Banner Smoked Fish, Inc. ##                                            |  | Revolving line of credit                           |  |                 | 03/27/01 |    |              |  | 03/27/16 |               |  | 1             |      |   | *                |   |   |                     | 5.25  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 54    |  |  | $ | 53    | 
|                                                                                                                             |  |  |  | A.E. Seafood Distributors Inc d/b/a Oceanline Seafood                  |  | Revolving line of credit                           |  |                 | 06/30/14 |    |              |  | 06/30/15 |               |  | 1             |      |   | *                |   |   |                     | 6.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 25    |  |  | $ | 28    | 
|                                                                                                                             |  |  |  | Snow Shoe Refractories, LLC                                            |  | Revolving line of credit                           |  |                 | 11/30/11 |    |              |  | 11/30/15 |               |  | 1             |      |   | *                |   |   |                     | 6.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 32    |  |  | $ | 26    | 
|                                                                                                                             |  |  |  | Benco Inc.                                                             |  | Revolving line of credit                           |  |                 | 11/06/13 |    |              |  | 11/06/15 |               |  | 1             |      |   | *                |   |   |                     | 6.25  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 17    |  |  | $ | 16    | 
|                                                                                                                             |  |  |  | Two Cousins Fish Market, Inc.                                          |  | Revolving line of credit                           |  |                 | 01/23/99 |    |              |  | 01/23/16 |               |  | 1             |      |   | *                |   |   |                     | 5.25  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 2     |  |  | $ | 1     | 
|                                                                                                                             |  |  |  | Newburg Egg Corp.                                                      |  | Revolving line of credit                           |  |                 | 03/16/99 |    |              |  | 03/16/16 |               |  | 1             |      |   | *                |   |   |                     | 6.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 0     |  |  | $ | 0     | 
|Transportation and Warehousing (25% of the total)                                                                            |  |  |  | Fleet Radio Dispatch Corp. ##                                          |  | Revolving line of credit                           |  |                 | 12/31/01 |    |              |  | 12/31/15 |               |  | 1             |      |   | *                |   |   |                     | 6.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 693   |  |  | $ | 682   | 
|                                                                                                                             |  |  |  | Chauffeured Services Unlimited &                                       |  | Revolving line of credit                           |  |                 | 05/02/06 |    |              |  | 05/02/15 |               |  | 1             |      |   | *                |   |   |                     | 8.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 205   |  |  | $ | 103   | 
|Retail Trade (20% of the total)                                                                                              |  |  |  | The Dependable Food Corp. ##                                           |  | Revolving line of credit                           |  |                 | 10/19/98 |    |              |  | 10/19/15 |               |  | 1             |      |   | *                |   |   |                     | 4.75  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 362   |  |  | $ | 356   | 
|                                                                                                                             |  |  |  | CNC Associated N.Y.                                                    |  | Revolving line of credit                           |  |                 | 07/24/01 |    |              |  | 07/24/15 |               |  | 1             |      |   | *                |   |   |                     | 5.75  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 145   |  |  | $ | 142   | 
|                                                                                                                             |  |  |  | Cyrus R. Fox, Inc. ##                                                  |  | Revolving line of credit                           |  |                 | 08/31/06 |    |              |  | 08/31/15 |               |  | 1             |      |   | *                |   |   |                     | 5.75  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 148   |  |  | $ | 141   | 
|                                                                                                                             |  |  |  | Colt, Inc.                                                             |  | Revolving line of credit                           |  |                 | 10/12/04 |    |              |  | 10/12/15 |               |  | 1             |      |   | *                |   |   |                     | 7.25  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 16    |  |  | $ | 14    | 
|Construction (9% of the total)                                                                                               |  |  |  | Triple A. Supplies, Inc. ##                                            |  | Revolving line of credit                           |  |                 | 07/20/99 |    |              |  | 07/20/15 |               |  | 1             |      |   | *                |   |   |                     | 5.75  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 308   |  |  | $ | 302   | 
|Manufacturing (7% of the total)                                                                                              |  |  |  | Fine Line Graphics, Inc.                                               |  | Revolving line of credit                           |  |                 | 11/29/05 |    |              |  | 11/29/15 |               |  | 1             |      |   | *                |   |   |                     | 6.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 126   |  |  | $ | 117   | 
|                                                                                                                             |  |  |  | Absecon Mills, Inc. ##                                                 |  | Revolving line of credit                           |  |                 | 07/07/04 |    |              |  | 07/07/15 |               |  | 1             |      |   | *                |   |   |                     | 6.25  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 67    |  |  | $ | 62    | 
|                                                                                                                             |  |  |  | Douglass Industries, Inc. ##                                           |  | Revolving line of credit                           |  |                 | 07/07/04 |    |              |  | 07/07/15 |               |  | 1             |      |   | *                |   |   |                     | 6.25  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 29    |  |  | $ | 27    | 
|                                                                                                                             |  |  |  | International Rollforms, Inc                                           |  | Revolving line of credit                           |  |                 | 01/27/14 |    |              |  | 01/27/16 |               |  | 1             |      |   | *                |   |   |                     | 7.25  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 14    |  |  | $ | 15    | 
|                                                                                                                             |  |  |  | JLM Couture Inc.                                                       |  | Revolving line of credit                           |  |                 | 06/22/10 |    |              |  | 06/22/15 |               |  | 1             |      |   | *                |   |   |                     | 5.75  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 11    |  |  | $ | 9     | 
|Health Care and Social Assistance (5% of the total)                                                                          |  |  |  | Heart to Heart Health Care                                             |  | Revolving line of credit                           |  |                 | 11/09/12 |    |              |  | 11/09/15 |               |  | 1             |      |   | *                |   |   |                     | 5.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 89    |  |  | $ | 86    | 
|                                                                                                                             |  |  |  | Mrs. Marys Place HCS Inc. ##                                          |  | Revolving line of credit                           |  |                 | 10/02/07 |    |              |  | 10/02/15 |               |  | 1             |      |   | *                |   |   |                     | 5.75  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 90    |  |  | $ | 80    | 
|Professional, Scientific, and Technical Services (3% of the total)                                                           |  |  |  | Victory Marketing Agency LLC                                           |  | Revolving line of credit                           |  |                 | 12/22/14 |    |              |  | 12/22/15 |               |  | 1             |      |   | *                |   |   |                     | 6.75  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 72    |  |  | $ | 81    | 
|Finance and Insurance (2% of the total)                                                                                      |  |  |  | RAS Group, Inc. &                                                      |  | Revolving line of credit                           |  |                 | 02/14/08 |    |              |  | 02/14/16 |               |  | 1             |      |   | *                |   |   |                     | 5.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 99    |  |  | $ | 50    | 
|Administrative and Support Services (1% of the total)                                                                        |  |  |  | Raritan Building Service Corp                                          |  | Revolving line of credit                           |  |                 | 06/30/07 |    |              |  | 06/30/15 |               |  | 1             |      |   | *                |   |   |                     | 5.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 34    |  |  | $ | 31    | 
|                                                                                                                             |  |  |  |                                                                        |  |                                                    |  |                 |          |    |              |  |          |               |  |               |      |   |                  |   |   |                     |       |   |                                       |   |       |          |       |   |           |   |       |   |       |  |  |   |       | 
|Total asset-based ($2,556 pledged as collateral under borrowing arrangements)                                                |  |  |  |                                                                        |  |                                                    |  |                 |          | 26 |              |  | 1        | %             |  |               | 5.71 | % |                  | $ | 0 |                     |       | $ | 0                                     |   |       | $        | 3,448 |   |           | $ | 3,207 |  
|                                                                                                                             |  |  |  |                                                                        |  |                                                    |  |                 |          |    |              |  |          |               |  |               |      |   |                  |   |   |                     |       |   |                                       |   |       |          |       |   |           |   |       |   |       |  |  |   |       | 
|Other secured commercial Other secured commercial (65% New York, 22% New Jersey, 11% North Carolina and 2%
all other states) |  |  |  |                                                                        |  |                                                    |  |                 |         
|Retail Trade (80% of the total)                                                                                              |  |  |  | Medallion Fine Art Inc (interest rate includes PIK interest of 12.00%) |  | Term Loan                                          |  |                 | 12/17/12 |    |              |  | 12/17/17 |               |  | 1             |      |   | 3                | % |   |                     | 12.00 | % |                                       | $ | 1,339 |          |       |   |           |   |       | $ | 6,939 |  |  | $ | 6,939 | 
|                                                                                                                             |  |  |  | Antonio Rosado                                                         |  | Term Loan                                          |  |                 | 03/15/12 |    |              |  | 03/15/17 |               |  | 1             |      |   | *                |   |   |                     | 9.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 537   |  |  | $ | 534   | 
|                                                                                                                             |  |  |  | La Conga Food Market Inc                                               |  | Term Loan                                          |  |                 | 10/09/12 |    |              |  | 01/09/20 |               |  | 1             |      |   | *                |   |   |                     | 9.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 454   |  |  | $ | 449   | 
|                                                                                                                             |  |  |  | A Food Mart Inc                                                        |  | Term Loan                                          |  |                 | 06/03/14 |    |              |  | 06/03/20 |               |  | 1             |      |   | *                |   |   |                     | 9.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 379   |  |  | $ | 375   | 
|                                                                                                                             |  |  |  | Hansel Batista                                                         |  | Term Loan                                          |  |                 | 02/06/14 |    |              |  | 05/06/20 |               |  | 1             |      |   | *                |   |   |                     | 9.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 374   |  |  | $ | 370   | 
|                                                                                                                             |  |  |  | Fresco Bagels & Supermarket In                                         |  | Term Loan                                          |  |                 | 08/13/14 |    |              |  | 08/13/20 |               |  | 1             |      |   | *                |   |   |                     | 9.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 370   |  |  | $ | 366   | 
|                                                                                                                             |  |  |  | La Conga Meat Market Inc                                               |  | Term Loan                                          |  |                 | 12/17/13 |    |              |  | 07/17/20 |               |  | 1             |      |   | *                |   |   |                     | 9.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 360   |  |  | $ | 357   | 
|                                                                                                                             |  |  |  | Anthony Supermarket LLC                                                |  | Term Loan                                          |  |                 | 04/02/13 |    |              |  | 07/02/18 |               |  | 1             |      |   | *                |   |   |                     | 9.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 358   |  |  | $ | 355   | 
|                                                                                                                             |  |  |  | Ar Supermarket LLC &                                                   |  | Term Loan                                          |  |                 | 08/02/13 |    |              |  | 08/02/18 |               |  | 1             |      |   | *                |   |   |                     | 8.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 346   |  |  | $ | 343   | 
|                                                                                                                             |  |  |  | Don Marto Minimarket Corp                                              |  | Term Loan                                          |  |                 | 03/03/15 |    |              |  | 03/03/20 |               |  | 1             |      |   | *                |   |   |                     | 9.00  | % |                                       | $ | 0     |          |       | $ | 250       |   |       | $ | 250   |  |  | $ | 248   | 
|                                                                                                                             |  |  |  | F.J.P. Meat Market Inc                                                 |  | Term Loan                                          |  |                 | 02/06/12 |    |              |  | 09/06/17 |               |  | 1             |      |   | *                |   |   |                     | 9.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 202   |  |  | $ | 201   | 
|                                                                                                                             |  |  |  | 324 Gem Meat Market Inc &                                              |  | Term Loan                                          |  |                 | 04/03/14 |    |              |  | 07/03/19 |               |  | 1             |      |   | *                |   |   |                     | 9.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 376   |  |  | $ | 107   | 
|                                                                                                                             |  |  |  | Moderne Barn Wines&Spirits Inc                                         |  | Term Loan                                          |  |                 | 05/09/13 |    |              |  | 05/09/18 |               |  | 1             |      |   | *                |   |   |                     | 4.75  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 99    |  |  | $ | 100   | 
|                                                                                                                             |  |  |  | Drr Enterprises LLC &                                                  |  | Term Loan                                          |  |                 | 10/28/08 |    |              |  | 10/17/18 |               |  | 1             |      |   | *                |   |   |                     | 10.50 | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 129   |  |  | $ | 91    | 
|                                                                                                                             |  |  |  | New Era Meat Supermarket LLC                                           |  | Term Loan                                          |  |                 | 09/13/06 |    |              |  | 09/16/16 |               |  | 1             |      |   | *                |   |   |                     | 10.00 | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 45    |  |  | $ | 45    | 
|                                                                                                                             |  |  |  | Julio Castillo &                                                       |  | Term Loan                                          |  |                 | 08/18/08 |    |              |  | 03/03/15 |               |  | 1             |      |   | *                |   |   |                     | 9.50  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 10    |  |  | $ | 10    | 
|                                                                                                                             |  |  |  | G&C Grocery Inc &                                                      |  | Term Loan                                          |  |                 | 05/19/08 |    |              |  | 08/23/15 |               |  | 1             |      |   | *                |   |   |                     | 0.00  | % |                                       | $ | 0     |          |       |   |           |   |       | $ | 8     |  |  | $ | 8     | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                                                                                      |  |   |    |                                                             |  |                                                       |    |                 |  |              |       |               |   |   |               |  |    |                   |        |  |                     |   |         |                                     |   |   |          |   |       |           |  |   |         |  |  |   |         | 
|------------------------------------------------------------------------------------- |  | - | -- | ----------------------------------------------------------- |  | ----------------------------------------------------- | -- | --------------- |  | ------------ | ----- | ------------- | - | - | ------------- |  | -- | ----------------- | ------ |  | ------------------- | - | ------- | ----------------------------------- | - | - | -------- | - | ----- | --------- |  | - | ------- |  |  | - | ------- | 
|(Dollars in thousands)                                                                |  |   |    | Obligor Name                                                |  | Security Type
(all restricted unless otherwise noted) |    | AcquisitionDate |  | MaturityDate |       | No. ofInvest. |   |   | % ofNetAssets |  |    | InterestRate 
(1) |        |  | CapitalizedInterest |   |         | OriginalCost of2015Acquisitions (5) |   |   | Cost (4) |   |       | FairValue | 
|Construction (11% of the total)                                                       |  |   |    | Highland Crossing-M, LLC                                    |  | Term Loan                                             |    | 01/07/15        |  | 02/01/25     |       |               | 1 |   |               |  | 1  | %                 |        |  | 11.50               | % |         | $                                   | 0 |   |          | $ | 2,200 |           |  | $ | 1,450   |  |  | $ | 1,448   | 
|Accommodation and Food Services (5% of the total)                                     |  |   |    | El Mangu Sabroso Restaurant In                              |  | Term Loan                                             |    | 06/06/14        |  | 09/06/19     |       |               | 1 |   |               |  | *  |                   |        |  | 9.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 345     |  |  | $ | 342     | 
|                                                                                      |  |   |    | Bistro Caterers Corporation                                 |  | Term Loan                                             |    | 07/25/13        |  | 07/25/18     |       |               | 1 |   |               |  | *  |                   |        |  | 9.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 220     |  |  | $ | 219     | 
|                                                                                      |  |   |    | El Tropico Family Rest II LLC &                             |  | Term Loan                                             |    | 11/29/05        |  | 03/16/16     |       |               | 1 |   |               |  | *  |                   |        |  | 6.75                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 243     |  |  | $ | 145     | 
|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 |   |          | $ | 100   |           |  | $ | 100     |  |  | $ | 100     | 
|                                                                                      |  |   |    | Thursday Morning Inc                                        |  | Term Loan                                             |    | 04/01/10        |  | 04/01/15     |       |               | 1 |   |               |  | *  |                   |        |  | 6.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 75      |  |  | $ | 75      | 
|                                                                                      |  |   |    | T.P. Hon LLC                                                |  | Term Loan                                             |    | 07/15/13        |  | 07/15/16     |       |               | 1 |   |               |  | *  |                   |        |  | 4.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 17      |  |  | $ | 18      | 
|                                                                                      |  |   |    | Rala Management                                             |  | Term Loan                                             |    | 04/22/99        |  | 09/01/15     |       |               | 1 |   |               |  | *  |                   |        |  | 4.75                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 10      |  |  | $ | 10      | 
|Transportation and Warehousing (1% of the total)                                      |  |   |    | Tehran Properties Inc                                       |  | Term Loan                                             |    | 03/17/15        |  | 09/10/18     |       |               | 1 |   |               |  | *  |                   |        |  | 4.25                | % |         | $                                   | 0 |   |          | $ | 120   |           |  | $ | 120     |  |  | $ | 122     | 
|Health Care and Social Assistance (1% of the total)                                   |  |   |    | Craig Feuerman M.D. P.C.                                    |  | Term Loan                                             |    | 05/14/13        |  | 05/14/18     |       |               | 1 |   |               |  | *  |                   |        |  | 7.50                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 102     |  |  | $ | 103     | 
|                                                                                      |  |   |    |                                                             |  |                                                       |    |                 |  |              |       |               |   |   |               |  |    |                   |        |  |                     |   |         |                                     |   |   |          |   |       |           |  |   |         |  |  |   |         | 
|Total Other Commercial Loans                                                          |  |   | 27 |                                                             |  |                                                       | 5  | %               |  |              | 10.61 | %             |   | $ | 1,339         |  |    | $                 | 2,670  |  |                     | $ | 13,918  |                                     |   | $ | 13,480   |  
|                                                                                      |  |   |    |                                                             |  |                                                       |    |                 |  |              |       |               |   |   |               |  |    |                   |        |  |                     |   |         |                                     |   |   |          |   |       |           |  |   |         |  |  |   |         | 
|Total commercial loans ($2,556 pledged as collateral under borrowing arrangements)(2) |  |   | 84 |                                                             |  |                                                       | 27 | %               |  |              | 12.30 | %             |   | $ | 3,315         |  |    | $                 | 10,020 |  |                     | $ | 76,100  |                                     |   | $ | 73,559   |  
|                                                                                      |  |   |    |                                                             |  |                                                       |    |                 |  |              |       |               |   |   |               |  |    |                   |        |  |                     |   |         |                                     |   |   |          |   |       |           |  |   |         |  |  |   |         | 
|Commercial Banking                                                                    |  |   |    | Medallion Bank **                                           |  | 100% of common stock                                  |    | 05/16/02        |  | None         |       |               | 1 |   |               |  | 45 | %                 |        |  | 13.67               | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 124,357 |  |  | $ | 124,357 | 
|Art Dealer                                                                            |  |   |    | Medallion Fine Art, Inc.                                    |  | 100% of common stock                                  |    | 12/03/12        |  | None         |       |               | 1 |   |               |  | 1  | %                 |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 938     |  |  | $ | 2,838   | 
|Loan Servicing                                                                        |  |   |    | Medallion Servicing Corp.                                   |  | 100% of common stock                                  |    | 11/05/10        |  | None         |       |               | 1 |   |               |  | *  |                   |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 879     |  |  | $ | 879     | 
|Professional Sports Team                                                              |  |   |    | Lax Group LLC                                               |  | 42% of membership interests                           |    | 05/23/12        |  | None         |       |               | 1 |   |               |  | *  |                   |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 784     |  |  | $ | 784     | 
|                                                                                      |  |   |    |                                                             |  |                                                       |    |                 |  |              |       |               |   |   |               |  |    |                   |        |  |                     |   |         |                                     |   |   |          |   |       |           |  |   |         |  |  |   |         | 
|Investment in Medallion Bank and other controlled subsidiaries, net                   |  |   | 4  |                                                             |  |                                                       | 47 | %               |  |              | 13.39 | %             |   | $ | 0             |  |    | $                 | 0      |  |                     | $ | 126,958 |                                     |   | $ | 128,858  |  
|                                                                                      |  |   |    |                                                             |  |                                                       |    |                 |  |              |       |               |   |   |               |  |    |                   |        |  |                     |   |         |                                     |   |   |          |   |       |           |  |   |         |  |  |   |         | 
|Equity investments                                                                    |  |   |    |                                                             |  |                                                       |    |                 |  |              |       |               |   |   |               |  |    |                   |        |  |                     |   |         |                                     |   |   |          |   |       |           |  |   |         |  |  |   |         | 
|Commercial Finance                                                                    |  |   |    | Convergent Capital, Ltd **                                  |  | 7% of limited partnership interest                    |    | 07/20/07        |  | None         |       |               | 1 |   |               |  | 1  | %                 |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 968     |  |  | $ | 2,600   | 
|NASCAR Race Team                                                                      |  |   |    | Medallion MotorSports, LLC                                  |  | 75% of LLC units                                      |    | 11/24/10        |  | None         |       |               | 1 |   |               |  | 1  | %                 |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 2,054   |  |  | $ | 1,600   | 
|Banking                                                                               |  |   |    | Bridge Bancorp Inc. **                                      |  | *                                                     |    | 03/30/12        |  | None         |       |               | 1 |   |               |  | *  |                   |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 76      |  |  | $ | 77      | 
|Real Estate Investment                                                                |  |   |    | CIM Commercial Trust Corp **                                |  | *                                                     |    | 12/30/10        |  | None         |       |               | 1 |   |               |  | *  |                   |        |  | 4.73                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 901     |  |  | $ | 121     | 
|Appliance Recycler #                                                                  |  |   |    | Appliance Recycling Centers of America, Inc.                |  | 8.86% of common stock                                 |    | 09/10/98        |  | None         |       |               | 1 |   |               |  | *  |                   |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 0       |  |  | $ | 985     | 
|Employee Leasing Services                                                             |  | + |    | Staff One, Inc.                                             |  | 46.4% preferred stock                                 |    | 06/30/08        |  | None         |       |               | 2 |   |               |  | *  |                   |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 472     |  |  | $ | 472     | 
|IT Services                                                                           |  |   |    | Centare Holdings, Inc.                                      |  | 7.23% of common stock, 3.88% of preferred stock       |    | 08/30/13        |  | None         |       |               | 1 |   |               |  | *  |                   |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 104     |  |  | $ | 103     | 
|Machinery Manufacturer                                                                |  | + |    | Reel Power International, Inc.                              |  | 2.65% of common stock                                 |    | 08/04/08        |  | None         |       |               | 1 |   |               |  | *  |                   |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 318     |  |  | $ | 318     | 
|Gift card service & marketing                                                         |  |   |    | Production Services Associates d/b/a American Card Services |  | 5.65% of LLC units                                    |    | 02/17/15        |  | None         |       |               | 1 |   |               |  | *  |                   |        |  | 0.00                | % |         | $                                   | 0 |   |          | $ | 250   |           |  | $ | 250     |  |  | $ | 250     | 
|Stuffed Toy Manufacturer                                                              |  |   |    | AA Plush Holdings, LLC                                      |  | 1.6% LLC common units                                 |    | 08/15/14        |  | 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     | 
|Investment Castings                                                                   |  |   |    | Tech Cast Holdings LLC                                      |  | 4.14% LLC units                                       |    | 12/12/14        |  | 12/12/19     |       |               | 1 |   |               |  | *  |                   |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 300     |  |  | $ | 300     | 
|Wire Manufacturer                                                                     |  |   |    | WRWP LLC                                                    |  | 10.3% preferred LLC units, 7.23% common LLC units     |    | 12/30/14        |  | 12/30/19     |       |               | 1 |   |               |  | *  |                   |        |  | 0.00                | % |         | $                                   | 0 |   |          |   |       |           |  | $ | 224     |  |  | $ | 224     | 
|                                                                                      |  |   |    |                                                             |  |                                                       |    |                 |  |              |       |               |   |   |               |  |    |                   |        |  |                     |   |         |                                     |   |   |          |   |       |           |  |   |         |  |  |   |         | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2015



|                                                                                 |  |  |  |              |     |                                                    |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |       | 
|-------------------------------------------------------------------------------- |  |  |  | ------------ | --- | -------------------------------------------------- |  | --------------- | --- | ------------ |  | ------------- | ---- | - | ------------- | - | ----- | ---------------- |  | - | ------------------- | - |  | ----------------------------------- | ------- |  | -------- | - | ------- | --------- |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands)                                                           |  |  |  | Obligor Name |     | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |     | MaturityDate |  | No. ofInvest. |      |   | % ofNetAssets |   |       | InterestRate
(1) |  |   | CapitalizedInterest |   |  | OriginalCost of2015Acquisitions (5) |         |  | Cost (4) |   |         | FairValue | 
|Equity investments, net                                                          |  |  |  |              |     |                                                    |  |                 |     |              |  |               | 14   |   |               |   | 3     | %                |  |   | 0.69                | % |  | $                                   | 0       |  |          | $ | 250     |           |  | $ | 6,217 |  |  | $ | 7,600 | 
|                                                                                 |  |  |  |              |     |                                                    |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |       | 
|Investment securities                                                            |  |  |  |              |     |                                                    |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |       | 
|Investment securities, net                                                       |  |  |  |              |     |                                                    |  |                 |     |              |  |               | 0    |   |               |   | 0     | %                |  |   | 0.00                | % |  | $                                   | 0       |  |          | $ | 0       |           |  | $ | 0     |  |  | $ | 0     | 
|                                                                                 |  |  |  |              |     |                                                    |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |       | 
|Net Investments ($247,230 pledged as collateral under borrowing arrangements)(3) |  |  |  |              | 781 |                                                    |  |                 | 189 | %            |  |               | 7.50 | % |               | $ | 3,315 |                  |  | $ | 18,939              |   |  | $                                   | 520,336 |  |          | $ | 521,322 |          
|                                                                                 |  |  |  |              |     |                                                    |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |       | 



|(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 $3,315 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 188%.
|--- | --------------------------------------------------------------------

|(4) | Gross unrealized appreciation, gross unrealized depreciation, and net appreciation for federal income tax purposes totaled $59,040, $4,123 and $54,917, respectively.
The tax cost of investments was $466,405
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | For revolving lines of credit the amount shown is the cost at March 31, 2015.
|--- | -----------------------------------------------------------------------------

|* | 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 26% and up to 28% 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 March 31, 2015.
|- | ---------------------------------------------------------------------------------------------



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                                 |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                   |    |   |                     |  |      |                                      |  |   |           |  |  |           |        |  |  |   |         |  |  |   |         | 
|---------------------- |  | ------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ----------------- | -- | - | ------------------- |  | ---- | ------------------------------------ |  | - | --------- |  |  | --------- | ------ |  |  | - | ------- |  |  | - | ------- | 
|(Dollars in thousands) |  | Obligor Name                    |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate 
(1) |    |   | CapitalizedInterest |  |      | OriginalCost 
of2014Acquisitions (5) |  |   | Cost 
(4) |  |  | FairValue |       
|Medallion Loans        |  |                                 |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                   |    |   |                     |  |      |                                      |  |   |           |  |  |           |        |  |  |   |         |  |  |   |         | 
|New York               |  |                                 |  |                                                    |  |                 |          |  |              |  |          |               |  |  | 368           |  |  |                   | 78 | % |                     |  | 3.60 | %                                    |  | $ | 0         |  |  | $         | 73,250 |  |  | $ | 213,099 |  |  | $ | 213,248 | 
|                       |  | Real Cab Corp ##                |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 2,545   |  |  | $ | 2,545   | 
|                       |  | Real Cab Corp ##                |  | Term Loan                                          |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.31 | %                                    |  | $ | 0         |  |  | $         | 1,627  |  |  | $ | 1,449   |  |  | $ | 1,449   | 
|                       |  | Real Cab Corp ##                |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 350     |  |  | $ | 350     | 
|                       |  | Sean Cab Corp ##                |  | Term Loan                                          |  |                 | 12/09/11 |  |              |  | 12/08/15 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.60 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 3,480   |  |  | $ | 3,471   | 
|                       |  | Slo Cab Corp ##                 |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,527   |  |  | $ | 1,527   | 
|                       |  | Slo Cab Corp ##                 |  | Term Loan                                          |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.31 | %                                    |  | $ | 0         |  |  | $         | 976    |  |  | $ | 870     |  |  | $ | 870     | 
|                       |  | Slo Cab Corp ##                 |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 210     |  |  | $ | 210     | 
|                       |  | Whispers Taxi Inc ##            |  | Term Loan                                          |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.35 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 2,107   |  |  | $ | 2,102   | 
|                       |  | Esg Hacking Corp ##             |  | Term Loan                                          |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.50 | %                                    |  | $ | 0         |  |  | $         | 1,842  |  |  | $ | 1,806   |  |  | $ | 1,812   | 
|                       |  | Pontios Taxi LLC ##             |  | Term Loan                                          |  |                 | 03/28/14 |  |              |  | 03/28/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.50 | %                                    |  | $ | 0         |  |  | $         | 1,828  |  |  | $ | 1,798   |  |  | $ | 1,800   | 
|                       |  | Ikaria Taxi LLC ##              |  | Term Loan                                          |  |                 | 03/28/14 |  |              |  | 03/28/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.50 | %                                    |  | $ | 0         |  |  | $         | 1,828  |  |  | $ | 1,797   |  |  | $ | 1,799   | 
|                       |  | Kos Taxi LLC ##                 |  | Term Loan                                          |  |                 | 03/28/14 |  |              |  | 03/28/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.50 | %                                    |  | $ | 0         |  |  | $         | 1,828  |  |  | $ | 1,797   |  |  | $ | 1,799   | 
|                       |  | Sag Taxi LLC ##                 |  | Term Loan                                          |  |                 | 03/28/14 |  |              |  | 03/28/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.50 | %                                    |  | $ | 0         |  |  | $         | 1,828  |  |  | $ | 1,793   |  |  | $ | 1,795   | 
|                       |  | Yosi Transit Inc ##             |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,018   |  |  | $ | 1,018   | 
|                       |  | Yosi Transit Inc ##             |  | Term Loan                                          |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.31 | %                                    |  | $ | 0         |  |  | $         | 651    |  |  | $ | 580     |  |  | $ | 580     | 
|                       |  | Yosi Transit Inc ##             |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 140     |  |  | $ | 140     | 
|                       |  | Sifnos, Kitriani Incs ##        |  | Term Loan                                          |  |                 | 06/08/10 |  |              |  | 05/01/15 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,558   |  |  | $ | 1,554   | 
|                       |  | Hamilton Transit LLC ##         |  | Term Loan                                          |  |                 | 03/26/14 |  |              |  | 03/26/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.38 | %                                    |  | $ | 0         |  |  | $         | 1,570  |  |  | $ | 1,540   |  |  | $ | 1,546   | 
|                       |  | Kaderee M & G Corp ##           |  | Term Loan                                          |  |                 | 03/26/14 |  |              |  | 03/26/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.38 | %                                    |  | $ | 0         |  |  | $         | 1,570  |  |  | $ | 1,540   |  |  | $ | 1,542   | 
|                       |  | Daytona Hacking Corp ##         |  | Term Loan                                          |  |                 | 03/26/14 |  |              |  | 03/26/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.38 | %                                    |  | $ | 0         |  |  | $         | 1,570  |  |  | $ | 1,540   |  |  | $ | 1,542   | 
|                       |  | Silke Hacking Corp ##           |  | Term Loan                                          |  |                 | 03/26/14 |  |              |  | 03/26/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.38 | %                                    |  | $ | 0         |  |  | $         | 1,570  |  |  | $ | 1,540   |  |  | $ | 1,542   | 
|                       |  | Nancy Transit Inc ##            |  | Term Loan                                          |  |                 | 03/11/13 |  |              |  | 03/11/16 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,513   |  |  | $ | 1,511   | 
|                       |  | Bunty & Jyoti Inc ##            |  | Term Loan                                          |  |                 | 03/13/13 |  |              |  | 03/13/16 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,508   |  |  | $ | 1,505   | 
|                       |  | Lety Cab Corp ##                |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 10/20/15 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.13 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,507   |  |  | $ | 1,503   | 
|                       |  | Christian Cab Corp              |  | Term Loan                                          |  |                 | 11/27/12 |  |              |  | 11/27/15 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,501   |  |  | $ | 1,501   | 
|                       |  | Junaid Trans Corp ##            |  | Term Loan                                          |  |                 | 04/30/13 |  |              |  | 04/30/16 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,485   |  |  | $ | 1,482   | 
|                       |  | Ocean Hacking Corp ##           |  | Term Loan                                          |  |                 | 12/20/13 |  |              |  | 12/20/16 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,461   |  |  | $ | 1,463   | 
|                       |  | Jacal Hacking Corp ##           |  | Term Loan                                          |  |                 | 12/20/13 |  |              |  | 12/20/16 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,461   |  |  | $ | 1,461   | 
|                       |  | Penegali Taxi LLC               |  | Term Loan                                          |  |                 | 12/11/14 |  |              |  | 12/10/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 1,400  |  |  | $ | 1,400   |  |  | $ | 1,402   | 
|                       |  | Benson Hacking Corp ##          |  | Term Loan                                          |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.35 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,404   |  |  | $ | 1,401   | 
|                       |  | Devin Taxi Corp ##              |  | Term Loan                                          |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.35 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,404   |  |  | $ | 1,401   | 
|                       |  | Dayna Hacking Corp ##           |  | Term Loan                                          |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.35 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,404   |  |  | $ | 1,401   | 
|                       |  | Anniversary Taxi Corp ##        |  | Term Loan                                          |  |                 | 04/11/14 |  |              |  | 04/11/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.25 | %                                    |  | $ | 0         |  |  | $         | 1,400  |  |  | $ | 1,400   |  |  | $ | 1,398   | 
|                       |  | Apple Cab Corp ##               |  | Term Loan                                          |  |                 | 04/11/14 |  |              |  | 04/11/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.25 | %                                    |  | $ | 0         |  |  | $         | 1,400  |  |  | $ | 1,400   |  |  | $ | 1,398   | 
|                       |  | Avi Taxi Corporation ##         |  | Term Loan                                          |  |                 | 04/11/14 |  |              |  | 04/11/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.25 | %                                    |  | $ | 0         |  |  | $         | 1,400  |  |  | $ | 1,400   |  |  | $ | 1,398   | 
|                       |  | Hj Taxi Corp ##                 |  | Term Loan                                          |  |                 | 04/11/14 |  |              |  | 04/11/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.25 | %                                    |  | $ | 0         |  |  | $         | 1,400  |  |  | $ | 1,400   |  |  | $ | 1,398   | 
|                       |  | Kby Taxi Inc ##                 |  | Term Loan                                          |  |                 | 04/11/14 |  |              |  | 04/11/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.25 | %                                    |  | $ | 0         |  |  | $         | 1,400  |  |  | $ | 1,400   |  |  | $ | 1,398   | 
|                       |  | ALLtaxitwo Cab Corp ##          |  | Term Loan                                          |  |                 | 07/24/13 |  |              |  | 11/24/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 2.75 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,397   |  |  | $ | 1,398   | 
|                       |  | Orys Trans Corp ##              |  | Term Loan                                          |  |                 | 07/24/13 |  |              |  | 11/24/17 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 2.75 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,397   |  |  | $ | 1,398   | 
|                       |  | Sonu-Seema Corp ##              |  | Term Loan                                          |  |                 | 12/07/12 |  |              |  | 12/07/15 |               |  |  | 1             |  |  |                   | 1  | % |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,379   |  |  | $ | 1,376   | 
|                       |  | Flow Taxi Corp ##               |  | Term Loan                                          |  |                 | 07/23/13 |  |              |  | 07/23/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,366   |  |  | $ | 1,367   | 
|                       |  | Ukraine Service Co ##           |  | Term Loan                                          |  |                 | 07/23/13 |  |              |  | 07/23/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,366   |  |  | $ | 1,367   | 
|                       |  | Lil Amandachaka Hacking Corp ## |  | Term Loan                                          |  |                 | 07/23/13 |  |              |  | 07/23/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,366   |  |  | $ | 1,367   | 
|                       |  | Uddin Taxi Corp ##              |  | Term Loan                                          |  |                 | 11/14/12 |  |              |  | 11/14/15 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,338   |  |  | $ | 1,336   | 
|                       |  | Perem Hacking Corp ##           |  | Term Loan                                          |  |                 | 02/21/13 |  |              |  | 02/21/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,323   |  |  | $ | 1,320   | 
|                       |  | S600 Service Co Inc ##          |  | Term Loan                                          |  |                 | 02/21/13 |  |              |  | 02/21/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,323   |  |  | $ | 1,320   | 
|                       |  | Concourse Cab Corp ##           |  | Term Loan                                          |  |                 | 11/14/13 |  |              |  | 11/14/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,300   |  |  | $ | 1,306   | 
|                       |  | Ela Papou LLC ##                |  | Term Loan                                          |  |                 | 06/27/14 |  |              |  | 06/27/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.63 | %                                    |  | $ | 0         |  |  | $         | 1,320  |  |  | $ | 1,302   |  |  | $ | 1,304   | 
|                       |  | Cfn Cab Corp ##                 |  | Term Loan                                          |  |                 | 02/26/14 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 1,320  |  |  | $ | 1,294   |  |  | $ | 1,296   | 
|                       |  | Miklos Hacking Corp ##          |  | Term Loan                                          |  |                 | 02/26/14 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 1,320  |  |  | $ | 1,294   |  |  | $ | 1,296   | 
|                       |  | Amme Taxi Inc ##                |  | Term Loan                                          |  |                 | 10/21/13 |  |              |  | 10/21/18 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.70 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,262   |  |  | $ | 1,262   | 
|                       |  | Ming Trans Corp ##              |  | Term Loan                                          |  |                 | 11/19/12 |  |              |  | 12/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.70 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,237   |  |  | $ | 1,235   | 
|                       |  | Ride YeLLow LLC ##              |  | Term Loan                                          |  |                 | 02/01/13 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,200   |  |  | $ | 1,198   | 
|                       |  | Avilie Service Inc ##           |  | Term Loan                                          |  |                 | 02/11/13 |  |              |  | 02/11/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,137   |  |  | $ | 1,138   | 
|                       |  | Tosal Hacking Corp ##           |  | Term Loan                                          |  |                 | 04/01/13 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,134   |  |  | $ | 1,134   | 
|                       |  | Red Army Cab Corp ##            |  | Term Loan                                          |  |                 | 02/21/13 |  |              |  | 08/21/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,115   |  |  | $ | 1,113   | 
|                       |  | New Direction Cab Corp ##       |  | Term Loan                                          |  |                 | 11/18/11 |  |              |  | 11/18/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,109   |  |  | $ | 1,106   | 
|                       |  | Big Ari Taxi Corp ##            |  | Term Loan                                          |  |                 | 08/14/13 |  |              |  | 08/14/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.80 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,102   |  |  | $ | 1,103   | 
|                       |  | BeLLsky Taxi LLC ##             |  | Term Loan                                          |  |                 | 08/14/13 |  |              |  | 08/14/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.80 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,094   |  |  | $ | 1,094   | 
|                       |  | D & G Taxi Inc ##               |  | Term Loan                                          |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.35 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 1,095   |  |  | $ | 1,093   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                   |   |  |                     |  |      |                                      |  |   |           |  |  |           |     |  |  |   |       |  |  |   |       | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ----------------- | - |  | ------------------- |  | ---- | ------------------------------------ |  | - | --------- |  |  | --------- | --- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security
Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate 
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2014Acquisitions (5) |  |   | Cost 
(4) |  |  | FairValue |    
|                       |  | Gaultier Hacking Corp ##          |  | Term Loan                                          |  |                 | 08/27/12 |  |              |  | 08/27/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,078 |  |  | $ | 1,077 | 
|                       |  | Jump Service Co Inc ##            |  | Term Loan                                          |  |                 | 02/11/13 |  |              |  | 02/22/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 2.80 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,066 |  |  | $ | 1,064 | 
|                       |  | Rs Hacking Corp ##                |  | Term Loan                                          |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.35 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,052 |  |  | $ | 1,050 | 
|                       |  | Humidity Hacking Corp ##          |  | Term Loan                                          |  |                 | 03/07/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,032 |  |  | $ | 1,036 | 
|                       |  | Whats YeLLow LLC ##               |  | Term Loan                                          |  |                 | 10/03/12 |  |              |  | 10/03/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.65 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,027 |  |  | $ | 1,028 | 
|                       |  | Nelsk Taxi Inc ##                 |  | Term Loan                                          |  |                 | 08/20/13 |  |              |  | 08/20/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 990   |  |  | $ | 991   | 
|                       |  | Global Agami Cab LLC ##           |  | Term Loan                                          |  |                 | 02/27/13 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 2.88 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 978   |  |  | $ | 976   | 
|                       |  | Planet Agami Cab LLC ##           |  | Term Loan                                          |  |                 | 02/27/13 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 2.88 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 978   |  |  | $ | 976   | 
|                       |  | Universal Agami Transit Inc ##    |  | Term Loan                                          |  |                 | 02/27/13 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 2.88 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 978   |  |  | $ | 976   | 
|                       |  | M.Y. Taxi Inc ##                  |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 960   |  |  | $ | 960   | 
|                       |  | Go Boy Cab Corp ##                |  | Term Loan                                          |  |                 | 04/10/13 |  |              |  | 04/10/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 954   |  |  | $ | 952   | 
|                       |  | Holdem Cab Corp ##                |  | Term Loan                                          |  |                 | 04/10/13 |  |              |  | 04/10/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 954   |  |  | $ | 952   | 
|                       |  | Hedy Hacking Corp. ##             |  | Term Loan                                          |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 936   |  |  | $ | 938   | 
|                       |  | Nedrag Trans Corp ##              |  | Term Loan                                          |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 936   |  |  | $ | 938   | 
|                       |  | Typhoon Hacking Corp ##           |  | Term Loan                                          |  |                 | 05/30/13 |  |              |  | 05/30/18 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 936   |  |  | $ | 938   | 
|                       |  | Btr Taxi Inc ##                   |  | Term Loan                                          |  |                 | 06/16/14 |  |              |  | 06/16/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 900 |  |  | $ | 889   |  |  | $ | 891   | 
|                       |  | Ede Service Corp                  |  | Term Loan                                          |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.31 | %                                    |  | $ | 0         |  |  | $         | 976 |  |  | $ | 870   |  |  | $ | 870   | 
|                       |  | Iddy Biddy Cab Corp ##            |  | Term Loan                                          |  |                 | 08/06/10 |  |              |  | 08/05/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.13 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 836   |  |  | $ | 834   | 
|                       |  | Jbob Hacking Corp ##              |  | Term Loan                                          |  |                 | 08/06/10 |  |              |  | 08/05/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.13 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 836   |  |  | $ | 834   | 
|                       |  | Malcolm Hacking Corp ##           |  | Term Loan                                          |  |                 | 08/06/10 |  |              |  | 08/05/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.13 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 836   |  |  | $ | 834   | 
|                       |  | Oyaz Hacking Corp ##              |  | Term Loan                                          |  |                 | 08/06/10 |  |              |  | 08/05/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.13 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 836   |  |  | $ | 834   | 
|                       |  | Copper One Cab Corp ##            |  | Term Loan                                          |  |                 | 02/17/12 |  |              |  | 02/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 820   |  |  | $ | 821   | 
|                       |  | Agape-Mou Cab Corp ##             |  | Term Loan                                          |  |                 | 02/17/12 |  |              |  | 02/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 820   |  |  | $ | 821   | 
|                       |  | Asterik Cab Co Inc ##             |  | Term Loan                                          |  |                 | 02/17/12 |  |              |  | 02/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 820   |  |  | $ | 821   | 
|                       |  | Ghotra & Ghotra LLC               |  | Term Loan                                          |  |                 | 12/19/13 |  |              |  | 12/19/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.85 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 814   |  |  | $ | 818   | 
|                       |  | Gur & Dev Taxi LLC                |  | Term Loan                                          |  |                 | 02/18/14 |  |              |  | 02/18/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.88 | %                                    |  | $ | 0         |  |  | $         | 820 |  |  | $ | 804   |  |  | $ | 809   | 
|                       |  | Gurpreet Singh & Manpreet Sing ## |  | Term Loan                                          |  |                 | 06/25/13 |  |              |  | 06/25/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.88 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 805   |  |  | $ | 806   | 
|                       |  | Garcha Randhawa Taxi Corp ##      |  | Term Loan                                          |  |                 | 05/31/13 |  |              |  | 05/30/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.88 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 802   |  |  | $ | 803   | 
|                       |  | Arman And Mehtab Padda Taxi Co ## |  | Term Loan                                          |  |                 | 06/19/13 |  |              |  | 06/19/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.88 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 802   |  |  | $ | 803   | 
|                       |  | Zus Trading Inc ##                |  | Term Loan                                          |  |                 | 08/09/13 |  |              |  | 08/09/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.85 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 794   |  |  | $ | 795   | 
|                       |  | Ghulam Abbas ##                   |  | Term Loan                                          |  |                 | 04/17/13 |  |              |  | 04/17/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.80 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 782   |  |  | $ | 783   | 
|                       |  | Danny Truong ##                   |  | Term Loan                                          |  |                 | 07/30/14 |  |              |  | 07/30/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 809 |  |  | $ | 785   |  |  | $ | 781   | 
|                       |  | Dhuri And Barnala Cab Corp ##     |  | Term Loan                                          |  |                 | 06/03/13 |  |              |  | 06/03/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.80 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 780   |  |  | $ | 781   | 
|                       |  | Haroon Sharif ##                  |  | Term Loan                                          |  |                 | 05/21/13 |  |              |  | 05/21/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.80 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 779   |  |  | $ | 780   | 
|                       |  | Alika Awan Trans Corp ##          |  | Term Loan                                          |  |                 | 09/04/13 |  |              |  | 09/04/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.85 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 763   |  |  | $ | 764   | 
|                       |  | Espiye Taxi Corp                  |  | Term Loan                                          |  |                 | 05/23/14 |  |              |  | 05/23/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 775 |  |  | $ | 764   |  |  | $ | 763   | 
|                       |  | Gilberto Barrera ##               |  | Term Loan                                          |  |                 | 04/02/14 |  |              |  | 04/02/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 770 |  |  | $ | 758   |  |  | $ | 759   | 
|                       |  | Senoz Cab Corp                    |  | Term Loan                                          |  |                 | 05/23/14 |  |              |  | 05/23/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.85 | %                                    |  | $ | 0         |  |  | $         | 771 |  |  | $ | 760   |  |  | $ | 759   | 
|                       |  | Zahav Taxi LLC ##                 |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 750   |  |  | $ | 751   | 
|                       |  | 1212 Taxi LLC ##                  |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 750   |  |  | $ | 750   | 
|                       |  | SamiuLLah Zaman ##                |  | Term Loan                                          |  |                 | 04/07/14 |  |              |  | 04/07/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 763 |  |  | $ | 748   |  |  | $ | 750   | 
|                       |  | Binh Pham ##                      |  | Term Loan                                          |  |                 | 04/23/14 |  |              |  | 04/23/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 754 |  |  | $ | 742   |  |  | $ | 742   | 
|                       |  | Rakesh Aggarwal & Jasvir Singh ## |  | Term Loan                                          |  |                 | 05/07/14 |  |              |  | 05/07/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.85 | %                                    |  | $ | 0         |  |  | $         | 750 |  |  | $ | 740   |  |  | $ | 740   | 
|                       |  | Hot Wheels Taxi LLC ##            |  | Term Loan                                          |  |                 | 03/01/13 |  |              |  | 12/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 738   |  |  | $ | 737   | 
|                       |  | Joseph Gerard Pierre ##           |  | Term Loan                                          |  |                 | 07/07/14 |  |              |  | 07/07/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 744 |  |  | $ | 737   |  |  | $ | 736   | 
|                       |  | Carlos Govea ##                   |  | Term Loan                                          |  |                 | 06/05/14 |  |              |  | 06/05/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 740 |  |  | $ | 731   |  |  | $ | 733   | 
|                       |  | Mandeep Multani & Ravinder Sin ## |  | Term Loan                                          |  |                 | 03/19/14 |  |              |  | 03/19/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  | $         | 740 |  |  | $ | 731   |  |  | $ | 731   | 
|                       |  | Jose F Pimentel ##                |  | Term Loan                                          |  |                 | 05/14/14 |  |              |  | 05/14/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 740 |  |  | $ | 731   |  |  | $ | 728   | 
|                       |  | Carmay Latendresse ##             |  | Term Loan                                          |  |                 | 05/19/14 |  |              |  | 05/19/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.25 | %                                    |  | $ | 0         |  |  | $         | 740 |  |  | $ | 727   |  |  | $ | 728   | 
|                       |  | Amr Aly Shafshak ##               |  | Term Loan                                          |  |                 | 11/04/13 |  |              |  | 11/04/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.13 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 724   |  |  | $ | 725   | 
|                       |  | Samy Baddar ##                    |  | Term Loan                                          |  |                 | 07/18/13 |  |              |  | 07/18/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 724   |  |  | $ | 725   | 
|                       |  | Atef A Khalil ##                  |  | Term Loan                                          |  |                 | 07/09/14 |  |              |  | 07/09/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.85 | %                                    |  | $ | 0         |  |  | $         | 725 |  |  | $ | 723   |  |  | $ | 725   | 
|                       |  | Ilker Altaygil ##                 |  | Term Loan                                          |  |                 | 07/18/13 |  |              |  | 07/18/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 723   |  |  | $ | 724   | 
|                       |  | Georges Salomon ## &              |  | Term Loan                                          |  |                 | 08/04/14 |  |              |  | 08/04/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 719 |  |  | $ | 715   |  |  | $ | 716   | 
|                       |  | Joseph R Jean ##                  |  | Term Loan                                          |  |                 | 04/15/13 |  |              |  | 04/15/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 716   |  |  | $ | 716   | 
|                       |  | Jaswinder Singh ##                |  | Term Loan                                          |  |                 | 03/29/13 |  |              |  | 03/29/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.80 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 712   |  |  | $ | 711   | 
|                       |  | Bliss Cab Corp ##                 |  | Term Loan                                          |  |                 | 10/21/10 |  |              |  | 10/20/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.13 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 707   |  |  | $ | 705   | 
|                       |  | Leo P. Roland ##                  |  | Term Loan                                          |  |                 | 12/03/13 |  |              |  | 12/03/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 703   |  |  | $ | 704   | 
|                       |  | Aminder Pal Singh ##              |  | Term Loan                                          |  |                 | 11/21/13 |  |              |  | 11/21/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 701   |  |  | $ | 703   | 
|                       |  | Kawarjeet Singh & Maan Singh ##   |  | Term Loan                                          |  |                 | 05/15/13 |  |              |  | 05/15/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 699   |  |  | $ | 700   | 
|                       |  | Bruce Schneider ##                |  | Term Loan                                          |  |                 | 05/10/13 |  |              |  | 05/10/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 700   |  |  | $ | 699   | 
|                       |  | Avtar Singh ##                    |  | Term Loan                                          |  |                 | 08/29/14 |  |              |  | 08/29/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 700 |  |  | $ | 696   |  |  | $ | 698   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                   |   |  |                     |  |      |                                      |  |   |           |  |  |           |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ----------------- | - |  | ------------------- |  | ---- | ------------------------------------ |  | - | --------- |  |  | --------- | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security
Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate 
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2014Acquisitions (5) |  |   | Cost 
(4) |  |  | FairValue |    
|                       |  | Mukhtiar Singh ##                 |  | Term Loan                                          |  |                 | 08/29/14 |  |              |  | 08/29/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 700 |  |  | $ | 695 |  |  | $ | 697 | 
|                       |  | Nobert Auguste                    |  | Term Loan                                          |  |                 | 05/02/14 |  |              |  | 05/02/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.15 | %                                    |  | $ | 0         |  |  | $         | 700 |  |  | $ | 692 |  |  | $ | 692 | 
|                       |  | Gilzian Enterprise LLC ##         |  | Term Loan                                          |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.88 | %                                    |  | $ | 0         |  |  | $         | 700 |  |  | $ | 691 |  |  | $ | 690 | 
|                       |  | Yvon Louissaint ##                |  | Term Loan                                          |  |                 | 02/20/14 |  |              |  | 02/20/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.88 | %                                    |  | $ | 0         |  |  | $         | 700 |  |  | $ | 685 |  |  | $ | 687 | 
|                       |  | Strivers Way Inc ##               |  | Term Loan                                          |  |                 | 12/17/13 |  |              |  | 12/17/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.85 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 684 |  |  | $ | 686 | 
|                       |  | Eugenio & Ayodele Trans Corp ## & |  | Term Loan                                          |  |                 | 09/26/13 |  |              |  | 09/26/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 683 |  |  | $ | 684 | 
|                       |  | Balwinder Singh ##                |  | Term Loan                                          |  |                 | 09/16/13 |  |              |  | 09/16/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 679 |  |  | $ | 680 | 
|                       |  | Sukhdev Singh & Harpal S Bhola ## |  | Term Loan                                          |  |                 | 12/04/13 |  |              |  | 12/04/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 679 |  |  | $ | 680 | 
|                       |  | Marian Cab Corp ##                |  | Term Loan                                          |  |                 | 06/19/12 |  |              |  | 06/19/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 680 |  |  | $ | 679 | 
|                       |  | Amr & Rina Taxi Inc ##            |  | Term Loan                                          |  |                 | 07/15/13 |  |              |  | 07/15/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 674 |  |  | $ | 675 | 
|                       |  | Parvinder Singh ##                |  | Term Loan                                          |  |                 | 08/13/13 |  |              |  | 08/13/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 675 |  |  | $ | 674 | 
|                       |  | Preslert Louis ##                 |  | Term Loan                                          |  |                 | 05/30/13 |  |              |  | 05/30/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 672 |  |  | $ | 673 | 
|                       |  | Shanu Miah ##                     |  | Term Loan                                          |  |                 | 06/20/13 |  |              |  | 06/20/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 670 |  |  | $ | 671 | 
|                       |  | SophbeLL Hacking Corp ##          |  | Term Loan                                          |  |                 | 12/18/14 |  |              |  | 12/18/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.88 | %                                    |  | $ | 0         |  |  | $         | 667 |  |  | $ | 667 |  |  | $ | 669 | 
|                       |  | Tripta Nfn & Jagdeep Kumar Cab    |  | Term Loan                                          |  |                 | 11/12/14 |  |              |  | 11/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 664 |  |  | $ | 663 |  |  | $ | 668 | 
|                       |  | Rousseau Ductan ##                |  | Term Loan                                          |  |                 | 05/01/13 |  |              |  | 05/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 667 |  |  | $ | 667 | 
|                       |  | Anwar Khalifa ##                  |  | Term Loan                                          |  |                 | 08/07/14 |  |              |  | 08/07/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.50 | %                                    |  | $ | 0         |  |  | $         | 670 |  |  | $ | 664 |  |  | $ | 664 | 
|                       |  | Kerolus Waheib Makhail            |  | Term Loan                                          |  |                 | 12/27/12 |  |              |  | 12/27/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 664 |  |  | $ | 664 | 
|                       |  | Joseph L Flovel ##                |  | Term Loan                                          |  |                 | 10/31/13 |  |              |  | 10/30/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 659 |  |  | $ | 663 | 
|                       |  | Joseph Paul Desir ##              |  | Term Loan                                          |  |                 | 07/28/14 |  |              |  | 07/28/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.10 | %                                    |  | $ | 0         |  |  | $         | 666 |  |  | $ | 661 |  |  | $ | 663 | 
|                       |  | Shahdad Bhatti Cab Corp ##        |  | Term Loan                                          |  |                 | 08/18/14 |  |              |  | 08/18/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.37 | %                                    |  | $ | 0         |  |  | $         | 662 |  |  | $ | 657 |  |  | $ | 658 | 
|                       |  | Gerardo Barrera ##                |  | Term Loan                                          |  |                 | 08/08/14 |  |              |  | 08/08/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 662 |  |  | $ | 657 |  |  | $ | 657 | 
|                       |  | Alexander Vizueta ## &            |  | Term Loan                                          |  |                 | 04/01/14 |  |              |  | 04/01/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.25 | %                                    |  | $ | 0         |  |  | $         | 660 |  |  | $ | 654 |  |  | $ | 654 | 
|                       |  | Jasvir S Dhaliwal ##              |  | Term Loan                                          |  |                 | 07/01/13 |  |              |  | 07/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 652 |  |  | $ | 652 | 
|                       |  | Jordan O Ohene ##                 |  | Term Loan                                          |  |                 | 05/24/13 |  |              |  | 05/24/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 648 |  |  | $ | 651 | 
|                       |  | Birk Cab Corp ##                  |  | Term Loan                                          |  |                 | 05/22/13 |  |              |  | 05/22/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 647 |  |  | $ | 650 | 
|                       |  | Donald Singh ##                   |  | Term Loan                                          |  |                 | 10/11/13 |  |              |  | 10/11/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 642 |  |  | $ | 642 | 
|                       |  | Pierre Goguin Joseph ##           |  | Term Loan                                          |  |                 | 03/06/13 |  |              |  | 03/06/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 642 |  |  | $ | 642 | 
|                       |  | Brunet Lucas ##                   |  | Term Loan                                          |  |                 | 06/06/13 |  |              |  | 06/06/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 641 |  |  | $ | 640 | 
|                       |  | Charanjeet Kaur & Manjit Singh ## |  | Term Loan                                          |  |                 | 10/28/13 |  |              |  | 10/28/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 636 |  |  | $ | 637 | 
|                       |  | Aujla Cab Corp ##                 |  | Term Loan                                          |  |                 | 04/23/14 |  |              |  | 04/23/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 650 |  |  | $ | 635 |  |  | $ | 635 | 
|                       |  | Albro Hacking, Corp. ##           |  | Term Loan                                          |  |                 | 07/10/14 |  |              |  | 07/10/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  | $         | 635 |  |  | $ | 626 |  |  | $ | 628 | 
|                       |  | Lesly Jeanjoseph ##               |  | Term Loan                                          |  |                 | 05/08/13 |  |              |  | 05/08/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 625 |  |  | $ | 624 | 
|                       |  | Spyridon Tzorzis ##               |  | Term Loan                                          |  |                 | 07/10/13 |  |              |  | 07/10/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 612 |  |  | $ | 613 | 
|                       |  | Joseph W Charles                  |  | Term Loan                                          |  |                 | 05/27/14 |  |              |  | 05/27/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.70 | %                                    |  | $ | 0         |  |  | $         | 620 |  |  | $ | 610 |  |  | $ | 612 | 
|                       |  | Michael Avitan ##                 |  | Term Loan                                          |  |                 | 04/11/13 |  |              |  | 04/11/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 610 |  |  | $ | 611 | 
|                       |  | Mian Cab Corp ##                  |  | Term Loan                                          |  |                 | 01/21/14 |  |              |  | 01/21/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 620 |  |  | $ | 609 |  |  | $ | 611 | 
|                       |  | Mohammed Hossen & Abrar Hanif ##  |  | Term Loan                                          |  |                 | 03/11/13 |  |              |  | 03/11/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 611 |  |  | $ | 611 | 
|                       |  | Man Singh ##                      |  | Term Loan                                          |  |                 | 02/25/13 |  |              |  | 02/25/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 610 |  |  | $ | 609 | 
|                       |  | Marc C Bastien ##                 |  | Term Loan                                          |  |                 | 04/11/13 |  |              |  | 04/10/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.65 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 603 |  |  | $ | 604 | 
|                       |  | Guivarch Thimothe                 |  | Term Loan                                          |  |                 | 09/19/12 |  |              |  | 09/19/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 600 |  |  | $ | 601 | 
|                       |  | Anmol Usa LLC ##                  |  | Term Loan                                          |  |                 | 10/01/14 |  |              |  | 09/26/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 603 |  |  | $ | 600 |  |  | $ | 598 | 
|                       |  | Patrick Sattaur ##                |  | Term Loan                                          |  |                 | 03/15/13 |  |              |  | 03/15/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 597 |  |  | $ | 596 | 
|                       |  | Guy Merisier ##                   |  | Term Loan                                          |  |                 | 07/25/14 |  |              |  | 07/25/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.13 | %                                    |  | $ | 0         |  |  | $         | 601 |  |  | $ | 594 |  |  | $ | 596 | 
|                       |  | Tarek Elsaid ##                   |  | Term Loan                                          |  |                 | 05/12/14 |  |              |  | 05/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  | $         | 600 |  |  | $ | 591 |  |  | $ | 593 | 
|                       |  | Oradeanul Taxi Corp ##            |  | Term Loan                                          |  |                 | 01/30/13 |  |              |  | 02/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 589 |  |  | $ | 589 | 
|                       |  | Sushil Maggoo ##                  |  | Term Loan                                          |  |                 | 12/14/12 |  |              |  | 12/14/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 588 |  |  | $ | 588 | 
|                       |  | Turgut Duman ##                   |  | Term Loan                                          |  |                 | 12/06/12 |  |              |  | 12/06/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 588 |  |  | $ | 588 | 
|                       |  | Manuel F Pena ##                  |  | Term Loan                                          |  |                 | 11/26/13 |  |              |  | 11/26/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 583 |  |  | $ | 585 | 
|                       |  | Humberto Ontaneda ##              |  | Term Loan                                          |  |                 | 10/17/13 |  |              |  | 10/17/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 582 |  |  | $ | 584 | 
|                       |  | Ny Diploma Taxi Co                |  | Term Loan                                          |  |                 | 08/19/14 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.31 | %                                    |  | $ | 0         |  |  | $         | 651 |  |  | $ | 580 |  |  | $ | 580 | 
|                       |  | Alexander A Malamud ##            |  | Term Loan                                          |  |                 | 02/28/13 |  |              |  | 02/28/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.55 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 577 |  |  | $ | 578 | 
|                       |  | Jean J Monteau ##                 |  | Term Loan                                          |  |                 | 12/06/12 |  |              |  | 12/06/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 575 |  |  | $ | 574 | 
|                       |  | Rafi Mohammad ##                  |  | Term Loan                                          |  |                 | 02/27/13 |  |              |  | 02/27/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 573 |  |  | $ | 572 | 
|                       |  | Roudy Moliere &Jean B Letang ##   |  | Term Loan                                          |  |                 | 12/17/12 |  |              |  | 12/17/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 573 |  |  | $ | 572 | 
|                       |  | Erwich Chery                      |  | Term Loan                                          |  |                 | 09/29/14 |  |              |  | 09/29/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 572 |  |  | $ | 570 |  |  | $ | 572 | 
|                       |  | I&I Cab Corp ##                   |  | Term Loan                                          |  |                 | 03/19/13 |  |              |  | 03/19/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.60 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 568 |  |  | $ | 568 | 
|                       |  | Eli Parada ##                     |  | Term Loan                                          |  |                 | 11/27/13 |  |              |  | 11/27/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.65 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 565 |  |  | $ | 567 | 
|                       |  | Newton Sodhi ##                   |  | Term Loan                                          |  |                 | 05/06/13 |  |              |  | 05/06/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.38 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 563 |  |  | $ | 562 | 
|                       |  | Olmedo Nocua ##                   |  | Term Loan                                          |  |                 | 08/27/14 |  |              |  | 08/27/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  | $         | 550 |  |  | $ | 546 |  |  | $ | 547 | 
|                       |  | Tamimu Aliu ##                    |  | Term Loan                                          |  |                 | 05/28/13 |  |              |  | 05/28/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 547 |  |  | $ | 546 | 
|                       |  | Rafael A Pena ##                  |  | Term Loan                                          |  |                 | 09/18/13 |  |              |  | 09/18/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 544 |  |  | $ | 545 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                   |   |  |                     |  |      |                                      |  |   |           |  |  |           |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ----------------- | - |  | ------------------- |  | ---- | ------------------------------------ |  | - | --------- |  |  | --------- | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate 
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2014Acquisitions (5) |  |   | Cost 
(4) |  |  | FairValue |    
|                       |  | Fernande Paul Cab Corp ##         |  | Term Loan                                          |  |                 | 01/24/13 |  |              |  | 01/24/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 543 |  |  | $ | 544 | 
|                       |  | Luis E Perez ##                   |  | Term Loan                                          |  |                 | 03/19/14 |  |              |  | 03/19/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 550 |  |  | $ | 541 |  |  | $ | 543 | 
|                       |  | Dominique Ismael ##               |  | Term Loan                                          |  |                 | 03/10/14 |  |              |  | 03/10/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.88 | %                                    |  | $ | 0         |  |  | $         | 551 |  |  | $ | 542 |  |  | $ | 542 | 
|                       |  | Magloire David ##                 |  | Term Loan                                          |  |                 | 09/09/13 |  |              |  | 09/09/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.95 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 540 |  |  | $ | 541 | 
|                       |  | Dani Taxi Inc/Mbank               |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 541 |  |  | $ | 541 | 
|                       |  | Amjad Abbas ##                    |  | Term Loan                                          |  |                 | 12/19/13 |  |              |  | 12/19/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.40 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 535 |  |  | $ | 535 | 
|                       |  | Ulrick Racine ## &                |  | Term Loan                                          |  |                 | 03/08/13 |  |              |  | 03/08/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 535 |  |  | $ | 534 | 
|                       |  | Sincere Cab Corp ##               |  | Term Loan                                          |  |                 | 06/21/11 |  |              |  | 06/21/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 529 |  |  | $ | 528 | 
|                       |  | Albert A Agyemang ##              |  | Term Loan                                          |  |                 | 07/09/13 |  |              |  | 07/09/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 524 |  |  | $ | 524 | 
|                       |  | Frantz Louhis & Joseph Paul ##    |  | Term Loan                                          |  |                 | 06/08/12 |  |              |  | 06/08/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 520 |  |  | $ | 519 | 
|                       |  | Jaswinder Sharma ##               |  | Term Loan                                          |  |                 | 11/02/11 |  |              |  | 10/01/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 518 |  |  | $ | 517 | 
|                       |  | Jasvinder Chhoker + Dam Singh     |  | Term Loan                                          |  |                 | 11/10/11 |  |              |  | 12/05/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 512 |  |  | $ | 511 | 
|                       |  | Ahmed Elsayed ##                  |  | Term Loan                                          |  |                 | 11/22/13 |  |              |  | 11/22/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 502 |  |  | $ | 503 | 
|                       |  | Momar Diagne ##                   |  | Term Loan                                          |  |                 | 05/12/14 |  |              |  | 05/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.50 | %                                    |  | $ | 0         |  |  | $         | 500 |  |  | $ | 494 |  |  | $ | 496 | 
|                       |  | Avner Ben-Levy ##                 |  | Term Loan                                          |  |                 | 05/29/12 |  |              |  | 05/29/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 493 |  |  | $ | 492 | 
|                       |  | M Irshad Chaudhry & Mhd Ramzan ## |  | Term Loan                                          |  |                 | 03/21/11 |  |              |  | 03/21/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 489 |  |  | $ | 487 | 
|                       |  | Louis A Alphonse ##               |  | Term Loan                                          |  |                 | 02/21/13 |  |              |  | 02/21/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 486 |  |  | $ | 486 | 
|                       |  | Harold Torres ##                  |  | Term Loan                                          |  |                 | 02/12/13 |  |              |  | 02/12/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 481 |  |  | $ | 481 | 
|                       |  | Romain Eustache ##                |  | Term Loan                                          |  |                 | 02/26/13 |  |              |  | 02/26/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 479 |  |  | $ | 479 | 
|                       |  | Joseph Jean ##                    |  | Term Loan                                          |  |                 | 03/14/12 |  |              |  | 03/14/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 478 |  |  | $ | 478 | 
|                       |  | Frands Fequiere ##                |  | Term Loan                                          |  |                 | 01/03/13 |  |              |  | 01/03/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 477 |  |  | $ | 476 | 
|                       |  | Mohammad Azhar ##                 |  | Term Loan                                          |  |                 | 02/24/14 |  |              |  | 02/24/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 488 |  |  | $ | 474 |  |  | $ | 474 | 
|                       |  | Chuhar Singh ##                   |  | Term Loan                                          |  |                 | 06/06/13 |  |              |  | 06/06/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.38 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 461 |  |  | $ | 463 | 
|                       |  | AbduLLah Zivali ##                |  | Term Loan                                          |  |                 | 03/22/13 |  |              |  | 03/22/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 462 |  |  | $ | 463 | 
|                       |  | Gustavo E Cabrejos ##             |  | Term Loan                                          |  |                 | 10/15/12 |  |              |  | 10/15/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 463 |  |  | $ | 462 | 
|                       |  | Rahul Amin ##                     |  | Term Loan                                          |  |                 | 06/11/14 |  |              |  | 06/26/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  | $         | 465 |  |  | $ | 460 |  |  | $ | 461 | 
|                       |  | Shubal C Ghose ##                 |  | Term Loan                                          |  |                 | 12/18/12 |  |              |  | 12/18/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 457 |  |  | $ | 456 | 
|                       |  | W.B.L.S Taxi Inc                  |  | Term Loan                                          |  |                 | 08/09/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 450 |  |  | $ | 450 | 
|                       |  | Lelio Bresier & Jeanne Bresier ## |  | Term Loan                                          |  |                 | 03/06/13 |  |              |  | 03/06/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 439 |  |  | $ | 440 | 
|                       |  | Santokh Bangay ##                 |  | Term Loan                                          |  |                 | 12/10/12 |  |              |  | 12/10/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 440 |  |  | $ | 439 | 
|                       |  | Ny Berts Cab Corp ##              |  | Term Loan                                          |  |                 | 07/02/13 |  |              |  | 07/02/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 433 |  |  | $ | 434 | 
|                       |  | Mokbul Choudhury ##               |  | Term Loan                                          |  |                 | 08/25/14 |  |              |  | 08/25/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 436 |  |  | $ | 432 |  |  | $ | 434 | 
|                       |  | David Mashkabov ##                |  | Term Loan                                          |  |                 | 10/26/11 |  |              |  | 10/24/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 425 |  |  | $ | 424 | 
|                       |  | Dady Hamel ##                     |  | Term Loan                                          |  |                 | 12/26/13 |  |              |  | 12/26/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 424 |  |  | $ | 424 | 
|                       |  | M&J Taxi Inc ##                   |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 422 |  |  | $ | 422 | 
|                       |  | Maya Taxi Inc ##                  |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 422 |  |  | $ | 422 | 
|                       |  | Mtr Taxi Inc ##                   |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 422 |  |  | $ | 422 | 
|                       |  | Neomi & Z Taxi Inc ##             |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 422 |  |  | $ | 422 | 
|                       |  | Saba Moshe Taxi Inc ##            |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 422 |  |  | $ | 422 | 
|                       |  | Jasvir Singh                      |  | Term Loan                                          |  |                 | 11/27/12 |  |              |  | 11/27/22 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 413 |  |  | $ | 417 | 
|                       |  | Cleopatra Cab Corp ##             |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 10/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 411 |  |  | $ | 410 | 
|                       |  | Crossbow Taxi Inc ##              |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 10/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 411 |  |  | $ | 410 | 
|                       |  | King D Taxi Inc ##              |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 10/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 411 |  |  | $ | 410 | 
|                       |  | King Verin Taxi Inc ##            |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 10/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 411 |  |  | $ | 410 | 
|                       |  | Petia Cab Corporation ##          |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 10/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 411 |  |  | $ | 410 | 
|                       |  | Jacob KuruviLLa ##                |  | Term Loan                                          |  |                 | 11/11/09 |  |              |  | 12/05/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 410 |  |  | $ | 409 | 
|                       |  | Carlot Dalce ##                   |  | Term Loan                                          |  |                 | 07/09/13 |  |              |  | 07/09/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 408 |  |  | $ | 408 | 
|                       |  | Pierre Jeune ##                   |  | Term Loan                                          |  |                 | 12/14/12 |  |              |  | 12/14/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 402 |  |  | $ | 403 | 
|                       |  | Daca Taxi Inc ##                  |  | Term Loan                                          |  |                 | 06/02/11 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.68 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 403 |  |  | $ | 402 | 
|                       |  | Verity Taxi Inc ##                |  | Term Loan                                          |  |                 | 02/08/13 |  |              |  | 02/08/18 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.60 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 400 |  |  | $ | 402 | 
|                       |  | Eduard Neyman                     |  | Term Loan                                          |  |                 | 05/24/13 |  |              |  | 05/24/20 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 399 |  |  | $ | 401 | 
|                       |  | Y Joey Taxi Inc ##                |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 400 |  |  | $ | 400 | 
|                       |  | Melimajua Cab Corp ##             |  | Term Loan                                          |  |                 | 10/14/14 |  |              |  | 10/14/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.90 | %                                    |  | $ | 0         |  |  | $         | 400 |  |  | $ | 398 |  |  | $ | 399 | 
|                       |  | Anba Taxi Inc ##                  |  | Term Loan                                          |  |                 | 06/21/11 |  |              |  | 06/21/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 397 |  |  | $ | 396 | 
|                       |  | Corsi Cab Corp ##                 |  | Term Loan                                          |  |                 | 06/21/11 |  |              |  | 06/21/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 397 |  |  | $ | 396 | 
|                       |  | Pierre Cadet ##                   |  | Term Loan                                          |  |                 | 03/19/13 |  |              |  | 03/19/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.30 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 392 |  |  | $ | 393 | 
|                       |  | Yberto Santana ##                 |  | Term Loan                                          |  |                 | 02/27/14 |  |              |  | 02/27/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  | $         | 402 |  |  | $ | 391 |  |  | $ | 391 | 
|                       |  | Bucur Express Cab Corp ##         |  | Term Loan                                          |  |                 | 06/02/11 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.68 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 387 |  |  | $ | 386 | 
|                       |  | Essa & Soliman Transit Inc ##     |  | Term Loan                                          |  |                 | 04/19/13 |  |              |  | 04/19/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 376 |  |  | $ | 376 | 
|                       |  | Anthony Okyere Duah ##            |  | Term Loan                                          |  |                 | 06/10/11 |  |              |  | 06/10/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 376 |  |  | $ | 375 | 
|                       |  | Shah M Rahman ##                  |  | Term Loan                                          |  |                 | 11/25/13 |  |              |  | 11/25/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 375 |  |  | $ | 375 | 
|                       |  | Serge Bonny ##                    |  | Term Loan                                          |  |                 | 03/11/13 |  |              |  | 03/11/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 367 |  |  | $ | 367 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                   |   |  |                     |  |      |                                      |  |   |           |  |  |           |       |  |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ----------------- | - |  | ------------------- |  | ---- | ------------------------------------ |  | - | --------- |  |  | --------- | ----- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security
Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate 
(1) |   |  | CapitalizedInterest |  |      | OriginalCost 
of2014Acquisitions (5) |  |   | Cost 
(4) |  |  | FairValue |      
|                       |  | Surjit Singh ##                   |  | Term Loan                                          |  |                 | 10/25/13 |  |              |  | 10/25/18 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.80 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 362 |  |  | $ | 364 | 
|                       |  | Tarafdar Abul & Tarafdar Luthf    |  | Term Loan                                          |  |                 | 08/13/10 |  |              |  | 08/13/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 7.00 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 359 |  |  | $ | 359 | 
|                       |  | Double Cab Corp ##                |  | Term Loan                                          |  |                 | 07/13/12 |  |              |  | 07/13/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 357 |  |  | $ | 357 | 
|                       |  | Rehmet Khan ##                    |  | Term Loan                                          |  |                 | 03/24/14 |  |              |  | 03/24/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  | $         | 371   |  |  | $ | 348 |  |  | $ | 350 | 
|                       |  | Malkit Singh ##                   |  | Term Loan                                          |  |                 | 08/01/12 |  |              |  | 08/01/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 341 |  |  | $ | 340 | 
|                       |  | Georges Desrosiers ##             |  | Term Loan                                          |  |                 | 07/23/14 |  |              |  | 07/23/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.50 | %                                    |  | $ | 0         |  |  | $         | 334   |  |  | $ | 330 |  |  | $ | 331 | 
|                       |  | Elsayed A Hassan ##               |  | Term Loan                                          |  |                 | 11/28/11 |  |              |  | 11/21/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.25 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 321 |  |  | $ | 320 | 
|                       |  | Bj Cab Corp/Note 1 Of 2           |  | Term Loan                                          |  |                 | 06/12/13 |  |              |  | 06/12/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 313 |  |  | $ | 316 | 
|                       |  | Bj Cab Corp/Note 2 Of 2           |  | Term Loan                                          |  |                 | 06/12/13 |  |              |  | 06/12/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.63 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 313 |  |  | $ | 314 | 
|                       |  | Joubert Toussaint ##              |  | Term Loan                                          |  |                 | 01/10/14 |  |              |  | 01/10/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 300   |  |  | $ | 294 |  |  | $ | 296 | 
|                       |  | Jean B Guerrier ##                |  | Term Loan                                          |  |                 | 08/08/12 |  |              |  | 08/08/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 295 |  |  | $ | 295 | 
|                       |  | Zorro Taxi Inc ##                 |  | Term Loan                                          |  |                 | 12/20/13 |  |              |  | 12/20/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.25 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 292 |  |  | $ | 294 | 
|                       |  | Kornos Taxi Inc ##                |  | Term Loan                                          |  |                 | 09/04/12 |  |              |  | 09/04/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 285 |  |  | $ | 285 | 
|                       |  | Paros Taxi LLC                    |  | Term Loan                                          |  |                 | 03/28/14 |  |              |  | 03/28/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  | $         | 1,870 |  |  | $ | 280 |  |  | $ | 282 | 
|                       |  | Platform Taxi Service/Mbank       |  | Term Loan                                          |  |                 | 05/04/12 |  |              |  | 05/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 5.57 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 277 |  |  | $ | 277 | 
|                       |  | Mohammmed H Iqbal ##              |  | Term Loan                                          |  |                 | 09/14/12 |  |              |  | 09/14/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 270 |  |  | $ | 270 | 
|                       |  | Kesef Taxi Inc/Mbank              |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 251 |  |  | $ | 251 | 
|                       |  | Daniel Victor ##                  |  | Term Loan                                          |  |                 | 05/06/13 |  |              |  | 05/06/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 223 |  |  | $ | 223 | 
|                       |  | Jened Cab Corp ##                 |  | Term Loan                                          |  |                 | 03/13/12 |  |              |  | 01/13/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 211 |  |  | $ | 211 | 
|                       |  | Ede Service Corp                  |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 210 |  |  | $ | 210 | 
|                       |  | Lissade Aurelus ##                |  | Term Loan                                          |  |                 | 05/01/13 |  |              |  | 05/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 203 |  |  | $ | 203 | 
|                       |  | Frank Nobile ##                   |  | Term Loan                                          |  |                 | 11/26/12 |  |              |  | 11/26/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 190 |  |  | $ | 191 | 
|                       |  | Mohammad Ashraf Ali ##            |  | Term Loan                                          |  |                 | 01/17/12 |  |              |  | 01/09/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.25 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 188 |  |  | $ | 187 | 
|                       |  | Jackie L Chaiken & Michael Cha ## |  | Term Loan                                          |  |                 | 03/26/13 |  |              |  | 03/26/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 185 |  |  | $ | 186 | 
|                       |  | Wan Sang Lau & Mary Quan Lau ##   |  | Term Loan                                          |  |                 | 03/20/13 |  |              |  | 03/20/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.25 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 179 |  |  | $ | 179 | 
|                       |  | Roman Fermin ##                   |  | Term Loan                                          |  |                 | 08/09/13 |  |              |  | 08/09/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.50 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 169 |  |  | $ | 170 | 
|                       |  | Abdul H Abid ##                   |  | Term Loan                                          |  |                 | 04/24/14 |  |              |  | 04/24/19 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  | $         | 185   |  |  | $ | 162 |  |  | $ | 164 | 
|                       |  | Ede Service Corp/Mfun             |  | Term Loan                                          |  |                 | 07/24/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 151 |  |  | $ | 151 | 
|                       |  | Ny Diploma Taxi Co                |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Joseph Bologna ##                 |  | Term Loan                                          |  |                 | 10/06/10 |  |              |  | 10/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.25 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 135 |  |  | $ | 135 | 
|                       |  | Nicolae Blidariu                  |  | Term Loan                                          |  |                 | 02/29/08 |  |              |  | 02/28/23 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.50 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 129 |  |  | $ | 129 | 
|                       |  | Diin Taxi LLC/Mbnk                |  | Term Loan                                          |  |                 | 05/07/14 |  |              |  | 05/07/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.50 | %                                    |  | $ | 0         |  |  | $         | 129   |  |  | $ | 128 |  |  | $ | 122 | 
|                       |  | BeLLa Hacking Corp                |  | Term Loan                                          |  |                 | 06/25/04 |  |              |  | 06/25/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.00 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 119 |  |  | $ | 119 | 
|                       |  | Mode Service Corp                 |  | Term Loan                                          |  |                 | 06/02/11 |  |              |  | 06/01/21 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.00 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 119 |  |  | $ | 118 | 
|                       |  | Sunu Miah And M Jahangi/Mbnk      |  | Term Loan                                          |  |                 | 05/12/14 |  |              |  | 05/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.25 | %                                    |  | $ | 0         |  |  | $         | 111   |  |  | $ | 109 |  |  | $ | 115 | 
|                       |  | Jeffrey Hacking Corp/Mbnk         |  | Term Loan                                          |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.25 | %                                    |  | $ | 0         |  |  | $         | 108   |  |  | $ | 106 |  |  | $ | 106 | 
|                       |  | Mama Of 5 Hacking Corp/Mbnk       |  | Term Loan                                          |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.25 | %                                    |  | $ | 0         |  |  | $         | 108   |  |  | $ | 106 |  |  | $ | 106 | 
|                       |  | Papa Of 5 Hacking Corp/Mbnk       |  | Term Loan                                          |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.25 | %                                    |  | $ | 0         |  |  | $         | 108   |  |  | $ | 106 |  |  | $ | 106 | 
|                       |  | Tlg Hacking Corp/Mbnk             |  | Term Loan                                          |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.25 | %                                    |  | $ | 0         |  |  | $         | 108   |  |  | $ | 106 |  |  | $ | 106 | 
|                       |  | Ny Diploma Taxi Corp/Mfun         |  | Term Loan                                          |  |                 | 07/24/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 101 |  |  | $ | 101 | 
|                       |  | Param Preet Cab Corp/Mbnk         |  | Term Loan                                          |  |                 | 05/30/14 |  |              |  | 05/30/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.50 | %                                    |  | $ | 0         |  |  | $         | 90    |  |  | $ | 89  |  |  | $ | 95  | 
|                       |  | Gagandeep Multani LLC/Mbnk        |  | Term Loan                                          |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.50 | %                                    |  | $ | 0         |  |  | $         | 91    |  |  | $ | 90  |  |  | $ | 93  | 
|                       |  | D&P Baidwan LLC/Mbnk              |  | Term Loan                                          |  |                 | 05/20/14 |  |              |  | 05/20/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.50 | %                                    |  | $ | 0         |  |  | $         | 91    |  |  | $ | 90  |  |  | $ | 90  | 
|                       |  | Muktar Hussain & K Hussain/Mbn    |  | Term Loan                                          |  |                 | 05/13/14 |  |              |  | 05/13/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 8.44 | %                                    |  | $ | 0         |  |  | $         | 86    |  |  | $ | 84  |  |  | $ | 90  | 
|                       |  | Anastasios Tsiklidis              |  | Term Loan                                          |  |                 | 04/15/11 |  |              |  | 01/15/18 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.60 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 88  |  |  | $ | 89  | 
|                       |  | Mk Multani LLC/Mbnk               |  | Term Loan                                          |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.50 | %                                    |  | $ | 0         |  |  | $         | 86    |  |  | $ | 86  |  |  | $ | 89  | 
|                       |  | United Four Stars LLC/Mbnk        |  | Term Loan                                          |  |                 | 06/04/14 |  |              |  | 06/04/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 8.57 | %                                    |  | $ | 0         |  |  | $         | 84    |  |  | $ | 83  |  |  | $ | 89  | 
|                       |  | Hanu Manu Taxi Inc/Mbnk           |  | Term Loan                                          |  |                 | 05/19/14 |  |              |  | 05/19/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.00 | %                                    |  | $ | 0         |  |  | $         | 90    |  |  | $ | 88  |  |  | $ | 88  | 
|                       |  | Pj Moe LLC/Mbnk                   |  | Term Loan                                          |  |                 | 07/08/14 |  |              |  | 07/08/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 8.44 | %                                    |  | $ | 0         |  |  | $         | 80    |  |  | $ | 79  |  |  | $ | 85  | 
|                       |  | Ramdas 4 Taxi LLC/Mbnk            |  | Term Loan                                          |  |                 | 05/27/14 |  |              |  | 05/27/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.50 | %                                    |  | $ | 0         |  |  | $         | 84    |  |  | $ | 83  |  |  | $ | 83  | 
|                       |  | Kero Taxi Corp/Mbnk               |  | Term Loan                                          |  |                 | 05/30/14 |  |              |  | 05/30/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 8.19 | %                                    |  | $ | 0         |  |  | $         | 81    |  |  | $ | 80  |  |  | $ | 83  | 
|                       |  | Gni Taxi LLC                      |  | Term Loan                                          |  |                 | 06/09/14 |  |              |  | 05/28/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.50 | %                                    |  | $ | 0         |  |  | $         | 84    |  |  | $ | 82  |  |  | $ | 82  | 
|                       |  | Arjun & Simran LLC/Mbnk           |  | Term Loan                                          |  |                 | 05/21/14 |  |              |  | 05/21/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.50 | %                                    |  | $ | 0         |  |  | $         | 83    |  |  | $ | 82  |  |  | $ | 82  | 
|                       |  | Soho Cab Corp                     |  | Term Loan                                          |  |                 | 02/11/14 |  |              |  | 02/11/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.38 | %                                    |  | $ | 0         |  |  | $         | 1,570 |  |  | $ | 80  |  |  | $ | 82  | 
|                       |  | Prabhneet Cab Corp/Mbnk           |  | Term Loan                                          |  |                 | 05/12/14 |  |              |  | 05/12/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.00 | %                                    |  | $ | 0         |  |  | $         | 83    |  |  | $ | 81  |  |  | $ | 81  | 
|                       |  | Norberto Cardona ##               |  | Term Loan                                          |  |                 | 03/30/12 |  |              |  | 03/30/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 79  |  |  | $ | 80  | 
|                       |  | Hargobind Taxi LLC/Mbnk           |  | Term Loan                                          |  |                 | 05/23/14 |  |              |  | 05/23/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 6.00 | %                                    |  | $ | 0         |  |  | $         | 81    |  |  | $ | 80  |  |  | $ | 80  | 
|                       |  | Bu Taxi LLC/Mbank                 |  | Term Loan                                          |  |                 | 12/29/10 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.10 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 75  |  |  | $ | 75  | 
|                       |  | Boris Ushman ##                   |  | Term Loan                                          |  |                 | 05/21/03 |  |              |  | 04/13/15 |               |  |  | 1             |  |  |                   | * |  |                     |  | 5.75 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 74  |  |  | $ | 74  | 
|                       |  | WiLLiam G Ward ##                 |  | Term Loan                                          |  |                 | 04/29/13 |  |              |  | 04/29/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 3.25 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 73  |  |  | $ | 73  | 
|                       |  | Wilfrid Barreau                   |  | Term Loan                                          |  |                 | 12/29/09 |  |              |  | 12/29/16 |               |  |  | 1             |  |  |                   | * |  |                     |  | 5.75 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 71  |  |  | $ | 71  | 
|                       |  | Ede Service Corp                  |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | * |  |                     |  | 2.81 | %                                    |  | $ | 0         |  |  |           |       |  |  | $ | 69  |  |  | $ | 69  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                                |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                   |    |   |                     |  |       |                                      |  |   |           |  |  |           |        |  |  |   |        |  |  |   |        | 
|---------------------- |  | ------------------------------ |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ----------------- | -- | - | ------------------- |  | ----- | ------------------------------------ |  | - | --------- |  |  | --------- | ------ |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security
Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate 
(1) |    |   | CapitalizedInterest |  |       | OriginalCost 
of2014Acquisitions (5) |  |   | Cost 
(4) |  |  | FairValue |       
|                       |  | Jean Pierre Trans Inc          |  | Term Loan                                          |  |                 | 02/26/14 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.75  | %                                    |  | $ | 0         |  |  | $         | 1,320  |  |  | $ | 67     |  |  | $ | 69     | 
|                       |  | Tyme Cab Corp                  |  | Term Loan                                          |  |                 | 06/26/14 |  |              |  | 06/26/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.60  | %                                    |  | $ | 0         |  |  | $         | 1,300  |  |  | $ | 65     |  |  | $ | 67     | 
|                       |  | Davinder Singh/Mbnk            |  | Term Loan                                          |  |                 | 04/23/14 |  |              |  | 04/23/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 8.58  | %                                    |  | $ | 0         |  |  | $         | 65     |  |  | $ | 64     |  |  | $ | 64     | 
|                       |  | Chahal & Nahal LLC             |  | Term Loan                                          |  |                 | 04/21/14 |  |              |  | 04/21/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.50  | %                                    |  | $ | 0         |  |  | $         | 62     |  |  | $ | 61     |  |  | $ | 61     | 
|                       |  | Ruckman Hacking Corp           |  | Term Loan                                          |  |                 | 08/30/13 |  |              |  | 02/22/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.80  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 60     |  |  | $ | 61     | 
|                       |  | Sonnet Service Co Inc          |  | Term Loan                                          |  |                 | 08/30/13 |  |              |  | 02/22/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.80  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 60     |  |  | $ | 61     | 
|                       |  | Y Mommy Taxi Inc/Mbank         |  | Term Loan                                          |  |                 | 12/23/10 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 60     |  |  | $ | 60     | 
|                       |  | Goodspeed Transit Inc          |  | Term Loan                                          |  |                 | 08/14/13 |  |              |  | 08/14/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.80  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 57     |  |  | $ | 58     | 
|                       |  | Granny Hacking Corp            |  | Term Loan                                          |  |                 | 03/07/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.50  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 54     |  |  | $ | 58     | 
|                       |  | Ptah Cab Corp                  |  | Term Loan                                          |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.00  | %                                    |  | $ | 0         |  |  | $         | 1,100  |  |  | $ | 55     |  |  | $ | 57     | 
|                       |  | Ar Rahman Express Cab Corp/Mbn |  | Term Loan                                          |  |                 | 06/17/14 |  |              |  | 06/17/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 8.71  | %                                    |  | $ | 0         |  |  | $         | 50     |  |  | $ | 50     |  |  | $ | 57     | 
|                       |  | Balwinder Singh/Mbnk           |  | Term Loan                                          |  |                 | 04/09/14 |  |              |  | 04/09/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 8.71  | %                                    |  | $ | 0         |  |  | $         | 51     |  |  | $ | 50     |  |  | $ | 57     | 
|                       |  | Appoint Cab Corp/Mbank         |  | Term Loan                                          |  |                 | 12/06/10 |  |              |  | 06/06/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.62  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 56     |  |  | $ | 56     | 
|                       |  | Birk Cab Corp                  |  | Term Loan                                          |  |                 | 05/08/14 |  |              |  | 05/08/19 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.50  | %                                    |  | $ | 0         |  |  | $         | 60     |  |  | $ | 54     |  |  | $ | 56     | 
|                       |  | Cora Hacking Corp              |  | Term Loan                                          |  |                 | 03/07/13 |  |              |  | 03/07/18 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.50  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 54     |  |  | $ | 56     | 
|                       |  | Y Daddy Taxi Inc/Mbank         |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 55     |  |  | $ | 55     | 
|                       |  | Rrc Express Corp/Mbnk          |  | Term Loan                                          |  |                 | 05/14/14 |  |              |  | 05/14/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 8.71  | %                                    |  | $ | 0         |  |  | $         | 49     |  |  | $ | 48     |  |  | $ | 55     | 
|                       |  | Salih Boncukcu/Mbnk            |  | Term Loan                                          |  |                 | 06/18/14 |  |              |  | 06/18/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 8.96  | %                                    |  | $ | 0         |  |  | $         | 50     |  |  | $ | 50     |  |  | $ | 53     | 
|                       |  | Network Agami Cab Corp         |  | Term Loan                                          |  |                 | 02/27/13 |  |              |  | 06/02/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.88  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 49     |  |  | $ | 50     | 
|                       |  | Jagjit Singh/Mbnk              |  | Term Loan                                          |  |                 | 02/14/14 |  |              |  | 02/14/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 8.58  | %                                    |  | $ | 0         |  |  | $         | 49     |  |  | $ | 48     |  |  | $ | 48     | 
|                       |  | Nirvair Trans LLC/Mbnk         |  | Term Loan                                          |  |                 | 02/04/14 |  |              |  | 02/04/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 8.50  | %                                    |  | $ | 0         |  |  | $         | 49     |  |  | $ | 48     |  |  | $ | 48     | 
|                       |  | Orbit Agami Cab LLC            |  | Term Loan                                          |  |                 | 11/05/10 |  |              |  | 10/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.88  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 47     |  |  | $ | 47     | 
|                       |  | Ny Diploma Taxi Co             |  | Term Loan                                          |  |                 | 07/20/07 |  |              |  | 07/20/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.81  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 46     |  |  | $ | 46     | 
|                       |  | Justin Hacking Corp            |  | Term Loan                                          |  |                 | 08/14/13 |  |              |  | 08/14/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.80  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 45     |  |  | $ | 46     | 
|                       |  | Pakt MedaLLions LLC/Mbnk       |  | Term Loan                                          |  |                 | 08/26/14 |  |              |  | 08/26/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 8.46  | %                                    |  | $ | 0         |  |  | $         | 46     |  |  | $ | 45     |  |  | $ | 45     | 
|                       |  | Sushil Maggoo                  |  | Term Loan                                          |  |                 | 06/27/13 |  |              |  | 06/27/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.75  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 44     |  |  | $ | 45     | 
|                       |  | Hshmul Taxi LLC/Mbnk           |  | Term Loan                                          |  |                 | 03/17/14 |  |              |  | 03/17/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.50  | %                                    |  | $ | 0         |  |  | $         | 40     |  |  | $ | 39     |  |  | $ | 39     | 
|                       |  | Nosea Taxi LLC                 |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 38     |  |  | $ | 38     | 
|                       |  | Bursa Cab Corp/Note 1          |  | Term Loan                                          |  |                 | 03/23/01 |  |              |  | 09/10/23 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.00  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 36     |  |  | $ | 36     | 
|                       |  | Balwinder Singh                |  | Term Loan                                          |  |                 | 02/19/14 |  |              |  | 02/07/19 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 5.25  | %                                    |  | $ | 0         |  |  | $         | 40     |  |  | $ | 32     |  |  | $ | 34     | 
|                       |  | Jose F Pimentel ##             |  | Term Loan                                          |  |                 | 05/14/14 |  |              |  | 05/14/19 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 4.25  | %                                    |  | $ | 0         |  |  | $         | 35     |  |  | $ | 31     |  |  | $ | 33     | 
|                       |  | Yme Transit Inc                |  | Term Loan                                          |  |                 | 08/14/13 |  |              |  | 08/14/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.80  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 31     |  |  | $ | 32     | 
|                       |  | Bursa Cab Corp/Note 2          |  | Term Loan                                          |  |                 | 03/23/01 |  |              |  | 09/10/23 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.00  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 31     |  |  | $ | 31     | 
|                       |  | M.M.Y Taxi Inc                 |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  | N&A Taxi Inc/Mbank             |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  | S&M Taxi Inc/Mbank             |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  | Y Meir Taxi Inc/Mbnk           |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  | Y Michal Taxi Inc/Mbnk         |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  | Y Mati Taxi Inc/Mbnk           |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  | Y Mike Taxi Inc                |  | Term Loan                                          |  |                 | 01/06/11 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 30     |  |  | $ | 30     | 
|                       |  | Fido Cab Corp                  |  | Term Loan                                          |  |                 | 08/14/13 |  |              |  | 08/14/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.80  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 26     |  |  | $ | 27     | 
|                       |  | Barth Taxi LLC/Mbank           |  | Term Loan                                          |  |                 | 11/24/10 |  |              |  | 11/20/15 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.63  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 24     |  |  | $ | 24     | 
|                       |  | Brandon Taxi LLC/Mbank         |  | Term Loan                                          |  |                 | 11/24/10 |  |              |  | 11/20/15 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.63  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 24     |  |  | $ | 24     | 
|                       |  | Eddy Joseph ##                 |  | Term Loan                                          |  |                 | 12/20/00 |  |              |  | 12/02/15 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 4.00  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  | Mry Taxi Inc/Mbank             |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  | Opera Taxi Inc/Mbank           |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  | Ronen Taxi Inc/Mbank           |  | Term Loan                                          |  |                 | 07/16/12 |  |              |  | 11/01/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 3.10  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 21     |  |  | $ | 21     | 
|                       |  | Donald Singh                   |  | Term Loan                                          |  |                 | 07/30/14 |  |              |  | 07/30/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 5.00  | %                                    |  | $ | 0         |  |  | $         | 22     |  |  | $ | 19     |  |  | $ | 20     | 
|                       |  | Yegal Express Cab Co/Mbank     |  | Term Loan                                          |  |                 | 11/10/10 |  |              |  | 08/28/20 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.38  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 19     |  |  | $ | 19     | 
|                       |  | Mohammed Abdu & H Hedru/Mbank  |  | Term Loan                                          |  |                 | 08/11/06 |  |              |  | 02/05/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 5.71  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 19     |  |  | $ | 19     | 
|                       |  | Vosiem Hacking Corp            |  | Term Loan                                          |  |                 | 08/14/13 |  |              |  | 08/14/16 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 2.80  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 17     |  |  | $ | 18     | 
|                       |  | Harold Torres ##               |  | Term Loan                                          |  |                 | 10/01/13 |  |              |  | 11/01/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 4.00  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 15     |  |  | $ | 17     | 
|                       |  | Surlak Taxi LLC/Mbnk           |  | Term Loan                                          |  |                 | 04/25/14 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 8.66  | %                                    |  | $ | 0         |  |  | $         | 16     |  |  | $ | 16     |  |  | $ | 16     | 
|                       |  | Devinder P Singh & Guneet/Mbnk |  | Term Loan                                          |  |                 | 02/19/14 |  |              |  | 02/19/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.50  | %                                    |  | $ | 0         |  |  | $         | 16     |  |  | $ | 16     |  |  | $ | 16     | 
|                       |  | Jean M Venord/Mbank            |  | Term Loan                                          |  |                 | 02/11/10 |  |              |  | 04/10/15 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 6.38  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 12     |  |  | $ | 12     | 
|                       |  | Joubert Toussaint ##           |  | Term Loan                                          |  |                 | 08/21/14 |  |              |  | 02/21/17 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 4.25  | %                                    |  | $ | 0         |  |  | $         | 5      |  |  | $ | 5      |  |  | $ | 7      | 
|                       |  | Y.A.M. Associates Corp         |  | Term Loan                                          |  |                 | 04/30/13 |  |              |  | 10/24/15 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 4.25  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 4      |  |  | $ | 5      | 
|                       |  | Guy FouyoLLe ##                |  | Term Loan                                          |  |                 | 08/18/11 |  |              |  | 08/18/15 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 4.75  | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 4      |  |  | $ | 4      | 
|                       |  | Nestor R Trivino &             |  | Term Loan                                          |  |                 | 02/22/12 |  |              |  | 02/22/15 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 10.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 3      |  |  | $ | 3      | 
|                       |  | Sonia M Trivino &              |  | Term Loan                                          |  |                 | 02/22/12 |  |              |  | 02/22/15 |               |  |  | 1             |  |  |                   | *  |   |                     |  | 10.00 | %                                    |  | $ | 0         |  |  |           |        |  |  | $ | 3      |  |  | $ | 3      | 
|Chicago                |  |                                |  |                                                    |  |                 |          |  |              |  |          |               |  |  | 108           |  |  |                   | 14 | % |                     |  | 4.97  | %                                    |  | $ | 0         |  |  | $         | 11,638 |  |  | $ | 39,280 |  |  | $ | 39,355 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                     |  |      |                                      |  |   |           |  |  |           |     |  |  |   |       |  |  |   |       | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - | - | ------------------- |  | ---- | ------------------------------------ |  | - | --------- |  |  | --------- | --- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |   | CapitalizedInterest |  |      | OriginalCost 
of2014Acquisitions (5) |  |   | Cost 
(4) |  |  | FairValue |    
|                       |  | Sweetgrass Peach &Chadwick Cap ## |  | Term Loan                                          |  |                 | 08/28/12 |  |              |  | 08/28/15 |               |  |  | 1             |  |  |                  | 1 | % |                     |  | 5.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,663 |  |  | $ | 1,659 | 
|                       |  | Regal Cab Company Et Al ##        |  | Term Loan                                          |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,366 |  |  | $ | 1,363 | 
|                       |  | Chicago MedaLLion Nine LLC ##     |  | Term Loan                                          |  |                 | 05/02/12 |  |              |  | 05/02/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,329 |  |  | $ | 1,326 | 
|                       |  | Blue Eyes Cab Corp ##             |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.88 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,223 |  |  | $ | 1,220 | 
|                       |  | Lucky Seven Chicago One Inc ##    |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.88 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,223 |  |  | $ | 1,220 | 
|                       |  | Michael Two Cab Corp ##           |  | Term Loan                                          |  |                 | 07/12/12 |  |              |  | 04/25/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 1,014 |  |  | $ | 1,011 | 
|                       |  | Johns Cabs Corp ##                |  | Term Loan                                          |  |                 | 04/12/12 |  |              |  | 04/12/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 991   |  |  | $ | 988   | 
|                       |  | Harriet C Inc ##                  |  | Term Loan                                          |  |                 | 10/19/12 |  |              |  | 10/19/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 899   |  |  | $ | 897   | 
|                       |  | Lmb Taxi Iv Inc ##                |  | Term Loan                                          |  |                 | 07/12/12 |  |              |  | 04/25/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 845   |  |  | $ | 843   | 
|                       |  | Lmb Taxi V Inc ##                 |  | Term Loan                                          |  |                 | 07/12/12 |  |              |  | 04/25/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 845   |  |  | $ | 843   | 
|                       |  | Chicago MedaLLion Four LLC ##     |  | Term Loan                                          |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 844   |  |  | $ | 842   | 
|                       |  | Chicago MedaLLion One LLC ##      |  | Term Loan                                          |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 844   |  |  | $ | 842   | 
|                       |  | Chicago MedaLLion Three LLC ##    |  | Term Loan                                          |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 844   |  |  | $ | 842   | 
|                       |  | Chicago MedaLLion Two LLC ##      |  | Term Loan                                          |  |                 | 12/02/11 |  |              |  | 12/02/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 843   |  |  | $ | 841   | 
|                       |  | Tribeca Two Cab Corp ##           |  | Term Loan                                          |  |                 | 05/09/13 |  |              |  | 05/09/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 808   |  |  | $ | 809   | 
|                       |  | Santorini Five Cab Corp ##        |  | Term Loan                                          |  |                 | 05/09/13 |  |              |  | 05/09/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 808   |  |  | $ | 809   | 
|                       |  | Santorini Four Cab Corp ##        |  | Term Loan                                          |  |                 | 05/09/13 |  |              |  | 05/09/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 808   |  |  | $ | 809   | 
|                       |  | Santorini Six Cab Corp ##         |  | Term Loan                                          |  |                 | 05/09/13 |  |              |  | 05/09/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 3.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 807   |  |  | $ | 808   | 
|                       |  | Rahwa & Bros Cab Co, Et Al ##     |  | Term Loan                                          |  |                 | 04/11/14 |  |              |  | 04/11/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  | $         | 738 |  |  | $ | 723   |  |  | $ | 722   | 
|                       |  | Carol Of ILLinois Enterprises     |  | Term Loan                                          |  |                 | 09/19/14 |  |              |  | 09/19/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  | $         | 714 |  |  | $ | 711   |  |  | $ | 707   | 
|                       |  | Chicago MedaLLion Seven LLC ##    |  | Term Loan                                          |  |                 | 05/02/12 |  |              |  | 05/02/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 665   |  |  | $ | 664   | 
|                       |  | Met Cab Co ##                     |  | Term Loan                                          |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 585   |  |  | $ | 586   | 
|                       |  | Ray Cab Company ##                |  | Term Loan                                          |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 585   |  |  | $ | 586   | 
|                       |  | N And M Valdof Hacking Corp ##    |  | Term Loan                                          |  |                 | 05/01/13 |  |              |  | 05/01/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 547   |  |  | $ | 548   | 
|                       |  | Coffee Taxi LLC ##                |  | Term Loan                                          |  |                 | 10/10/13 |  |              |  | 10/10/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 512   |  |  | $ | 513   | 
|                       |  | Kayla Hacking Corp ##             |  | Term Loan                                          |  |                 | 07/12/12 |  |              |  | 04/25/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 507   |  |  | $ | 506   | 
|                       |  | Mikhalia Cabs Nine Inc ##         |  | Term Loan                                          |  |                 | 07/12/12 |  |              |  | 04/25/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 507   |  |  | $ | 506   | 
|                       |  | Taxi For Less Inc                 |  | Term Loan                                          |  |                 | 09/19/14 |  |              |  | 09/19/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  | $         | 500 |  |  | $ | 499   |  |  | $ | 501   | 
|                       |  | Natasha Transportation Inc ##     |  | Term Loan                                          |  |                 | 05/01/13 |  |              |  | 05/01/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 495   |  |  | $ | 496   | 
|                       |  | Mike Taxi Corp ##                 |  | Term Loan                                          |  |                 | 05/01/13 |  |              |  | 05/01/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 495   |  |  | $ | 496   | 
|                       |  | Natalia Taxi Corp ##              |  | Term Loan                                          |  |                 | 05/01/13 |  |              |  | 05/01/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 494   |  |  | $ | 495   | 
|                       |  | Cozy Cab Co ##                    |  | Term Loan                                          |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 488   |  |  | $ | 489   | 
|                       |  | DeLL Cab Corp ##                  |  | Term Loan                                          |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 488   |  |  | $ | 489   | 
|                       |  | Moo Moo Cab Co ##                 |  | Term Loan                                          |  |                 | 08/14/13 |  |              |  | 08/14/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 465   |  |  | $ | 466   | 
|                       |  | Musanour Cab Inc ##               |  | Term Loan                                          |  |                 | 09/27/13 |  |              |  | 09/27/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 460   |  |  | $ | 461   | 
|                       |  | Blue Valentine Cab Corp           |  | Term Loan                                          |  |                 | 04/10/13 |  |              |  | 04/10/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 456   |  |  | $ | 457   | 
|                       |  | Tumblin Dice Taxi Inc             |  | Term Loan                                          |  |                 | 04/10/13 |  |              |  | 04/10/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 456   |  |  | $ | 457   | 
|                       |  | Little Wing Cab Corp              |  | Term Loan                                          |  |                 | 04/10/13 |  |              |  | 04/10/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 306   |  |  | $ | 307   | 
|                       |  | American Buffalo Cab Corp         |  | Term Loan                                          |  |                 | 04/10/13 |  |              |  | 04/10/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 304   |  |  | $ | 305   | 
|                       |  | Dome Cab Corp ##                  |  | Term Loan                                          |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 293   |  |  | $ | 294   | 
|                       |  | Valasia Cab Co ##                 |  | Term Loan                                          |  |                 | 01/18/12 |  |              |  | 01/18/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 262   |  |  | $ | 261   | 
|                       |  | Chicago Seven Inc/Mbnk            |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 7.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 249   |  |  | $ | 249   | 
|                       |  | Karbala Express Inc ##            |  | Term Loan                                          |  |                 | 02/26/13 |  |              |  | 02/26/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 242   |  |  | $ | 243   | 
|                       |  | Les & Thera LLC                   |  | Term Loan                                          |  |                 | 05/08/13 |  |              |  | 05/08/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 238   |  |  | $ | 239   | 
|                       |  | Tekezze Inc                       |  | Term Loan                                          |  |                 | 12/11/13 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 234   |  |  | $ | 236   | 
|                       |  | Nakfa Corp ##                     |  | Term Loan                                          |  |                 | 06/17/13 |  |              |  | 06/17/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.88 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 234   |  |  | $ | 235   | 
|                       |  | Zeyrefda Inc ##                   |  | Term Loan                                          |  |                 | 05/17/13 |  |              |  | 05/17/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 234   |  |  | $ | 235   | 
|                       |  | Interwoodex Inc ##                |  | Term Loan                                          |  |                 | 11/07/13 |  |              |  | 11/07/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 233   |  |  | $ | 235   | 
|                       |  | Adom Enterprise, Inc ##           |  | Term Loan                                          |  |                 | 09/27/13 |  |              |  | 09/27/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 233   |  |  | $ | 235   | 
|                       |  | Tad Taxi Co ##                    |  | Term Loan                                          |  |                 | 11/13/13 |  |              |  | 11/13/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 232   |  |  | $ | 234   | 
|                       |  | Helen Habte Corp ##               |  | Term Loan                                          |  |                 | 10/01/13 |  |              |  | 10/01/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 232   |  |  | $ | 234   | 
|                       |  | Shere Corp ##                     |  | Term Loan                                          |  |                 | 07/26/13 |  |              |  | 07/26/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 232   |  |  | $ | 234   | 
|                       |  | Tahoora Transportation Inc. ##    |  | Term Loan                                          |  |                 | 07/26/13 |  |              |  | 07/26/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 232   |  |  | $ | 234   | 
|                       |  | Asmara Inc ##                     |  | Term Loan                                          |  |                 | 04/11/13 |  |              |  | 04/11/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 230   |  |  | $ | 232   | 
|                       |  | Alex Z Cab Corp                   |  | Term Loan                                          |  |                 | 04/22/13 |  |              |  | 04/22/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 230   |  |  | $ | 232   | 
|                       |  | Aniba Management & Services In ## |  | Term Loan                                          |  |                 | 09/27/13 |  |              |  | 09/27/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 230   |  |  | $ | 231   | 
|                       |  | Patriot Trans Inc                 |  | Term Loan                                          |  |                 | 09/19/14 |  |              |  | 06/19/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                    |  | $ | 0         |  |  | $         | 244 |  |  | $ | 229   |  |  | $ | 231   | 
|                       |  | Nike Yomi Inc ##                  |  | Term Loan                                          |  |                 | 08/06/13 |  |              |  | 08/06/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 227   |  |  | $ | 229   | 
|                       |  | Three Kids Corp                   |  | Term Loan                                          |  |                 | 04/15/13 |  |              |  | 04/15/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 226   |  |  | $ | 228   | 
|                       |  | AnnabeLLe Cab Corporation ##      |  | Term Loan                                          |  |                 | 02/14/14 |  |              |  | 02/14/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                    |  | $ | 0         |  |  | $         | 230 |  |  | $ | 224   |  |  | $ | 225   | 
|                       |  | Nour Enterprise Inc ##            |  | Term Loan                                          |  |                 | 09/16/13 |  |              |  | 09/16/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 222   |  |  | $ | 223   | 
|                       |  | Yenemekoya Inc ##                 |  | Term Loan                                          |  |                 | 06/28/13 |  |              |  | 06/28/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                    |  | $ | 0         |  |  |           |     |  |  | $ | 215   |  |  | $ | 217   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                     |  |      |                                     |  |   |          |  |  |           |       |  |  |   |        |  |  |   |        | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - | - | ------------------- |  | ---- | ----------------------------------- |  | - | -------- |  |  | --------- | ----- |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |   | CapitalizedInterest |  |      | OriginalCost of2014Acquisitions (5) |  |   | Cost (4) |  |  | FairValue |      
|                       |  | C Dortch Inc ##                   |  | Term Loan                                          |  |                 | 12/04/13 |  |              |  | 12/04/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 213    |  |  | $ | 214    | 
|                       |  | Showcase Sports Management Cor ## |  | Term Loan                                          |  |                 | 01/22/10 |  |              |  | 01/11/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 213    |  |  | $ | 212    | 
|                       |  | Alkarim Chicago Inc ##            |  | Term Loan                                          |  |                 | 11/27/13 |  |              |  | 11/27/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 208    |  |  | $ | 210    | 
|                       |  | Rahel Express Inc ##              |  | Term Loan                                          |  |                 | 12/27/13 |  |              |  | 12/27/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 200    |  |  | $ | 202    | 
|                       |  | Jiffy Cab Co ##                   |  | Term Loan                                          |  |                 | 08/29/13 |  |              |  | 08/29/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 195    |  |  | $ | 196    | 
|                       |  | Grapevine Taxi LLC ##             |  | Term Loan                                          |  |                 | 10/10/13 |  |              |  | 10/10/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 195    |  |  | $ | 196    | 
|                       |  | Pireas Taxi Corp ##               |  | Term Loan                                          |  |                 | 06/07/13 |  |              |  | 06/07/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 193    |  |  | $ | 194    | 
|                       |  | Life Cab Corp ##                  |  | Term Loan                                          |  |                 | 09/18/13 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 187    |  |  | $ | 189    | 
|                       |  | Kalib 2010 Inc ##                 |  | Term Loan                                          |  |                 | 07/16/13 |  |              |  | 07/16/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 174    |  |  | $ | 176    | 
|                       |  | Naneffe Inc ##                    |  | Term Loan                                          |  |                 | 03/15/13 |  |              |  | 03/15/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 169    |  |  | $ | 170    | 
|                       |  | Alem B Cab Inc ##                 |  | Term Loan                                          |  |                 | 01/22/13 |  |              |  | 01/22/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 167    |  |  | $ | 168    | 
|                       |  | Adi Express Inc ##                |  | Term Loan                                          |  |                 | 09/21/12 |  |              |  | 09/21/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 160    |  |  | $ | 161    | 
|                       |  | Wubshet Inc ##                    |  | Term Loan                                          |  |                 | 09/25/13 |  |              |  | 09/25/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 153    |  |  | $ | 155    | 
|                       |  | Semhar Corp ##                    |  | Term Loan                                          |  |                 | 01/31/12 |  |              |  | 01/31/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 152    |  |  | $ | 152    | 
|                       |  | Significant Trans Inc ##          |  | Term Loan                                          |  |                 | 04/06/12 |  |              |  | 04/06/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 151    |  |  | $ | 151    | 
|                       |  | Jpg Cab Corp                      |  | Term Loan                                          |  |                 | 04/23/12 |  |              |  | 04/23/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 138    |  |  | $ | 139    | 
|                       |  | Sabina Cab Inc                    |  | Term Loan                                          |  |                 | 04/19/13 |  |              |  | 04/19/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 133    |  |  | $ | 135    | 
|                       |  | Antar Trans Inc                   |  | Term Loan                                          |  |                 | 01/17/14 |  |              |  | 01/17/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  | $         | 133   |  |  | $ | 130    |  |  | $ | 132    | 
|                       |  | Ultra Investment Corp ##          |  | Term Loan                                          |  |                 | 03/22/11 |  |              |  | 03/22/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 122    |  |  | $ | 122    | 
|                       |  | Asmara Cab Company ##             |  | Term Loan                                          |  |                 | 12/01/11 |  |              |  | 12/01/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 121    |  |  | $ | 121    | 
|                       |  | Delina Cab Inc                    |  | Term Loan                                          |  |                 | 01/22/13 |  |              |  | 01/22/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 114    |  |  | $ | 115    | 
|                       |  | Bedford Cab Two Corp              |  | Term Loan                                          |  |                 | 07/30/10 |  |              |  | 03/14/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 112    |  |  | $ | 112    | 
|                       |  | Addis Flower Taxi Cab Service     |  | Term Loan                                          |  |                 | 02/27/14 |  |              |  | 02/27/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  | $         | 111   |  |  | $ | 109    |  |  | $ | 111    | 
|                       |  | Paik Cab Co                       |  | Term Loan                                          |  |                 | 05/30/14 |  |              |  | 05/30/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  | $         | 110   |  |  | $ | 108    |  |  | $ | 110    | 
|                       |  | Imc Cab Corp                      |  | Term Loan                                          |  |                 | 08/27/10 |  |              |  | 03/14/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 108    |  |  | $ | 108    | 
|                       |  | Bashiru Habib                     |  | Term Loan                                          |  |                 | 07/09/14 |  |              |  | 07/09/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.25 | %                                   |  | $ | 0        |  |  | $         | 105   |  |  | $ | 104    |  |  | $ | 106    | 
|                       |  | Moses J Frank &                   |  | Term Loan                                          |  |                 | 04/26/13 |  |              |  | 04/26/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 7.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 104    |  |  | $ | 105    | 
|                       |  | Yemi Taxi Corp ##                 |  | Term Loan                                          |  |                 | 08/01/13 |  |              |  | 08/01/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 90     |  |  | $ | 92     | 
|                       |  | Tyrone Henderson                  |  | Term Loan                                          |  |                 | 03/12/14 |  |              |  | 03/12/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.50 | %                                   |  | $ | 0        |  |  | $         | 92    |  |  | $ | 89     |  |  | $ | 91     | 
|                       |  | Tigray Cab Inc                    |  | Term Loan                                          |  |                 | 03/28/13 |  |              |  | 03/28/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 88     |  |  | $ | 90     | 
|                       |  | Measho Cab Corp                   |  | Term Loan                                          |  |                 | 06/16/11 |  |              |  | 06/16/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 86     |  |  | $ | 87     | 
|                       |  | Sny Cab Inc ##                    |  | Term Loan                                          |  |                 | 12/14/11 |  |              |  | 12/14/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 61     |  |  | $ | 62     | 
|                       |  | Oia Cab Corp                      |  | Term Loan                                          |  |                 | 08/01/14 |  |              |  | 08/01/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.15 | %                                   |  | $ | 0        |  |  | $         | 1,175 |  |  | $ | 60     |  |  | $ | 62     | 
|                       |  | Hudson Cab Corp                   |  | Term Loan                                          |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.13 | %                                   |  | $ | 0        |  |  | $         | 1,150 |  |  | $ | 59     |  |  | $ | 61     | 
|                       |  | Santorini Two Cab Corp            |  | Term Loan                                          |  |                 | 08/01/14 |  |              |  | 08/01/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.15 | %                                   |  | $ | 0        |  |  | $         | 940   |  |  | $ | 48     |  |  | $ | 50     | 
|                       |  | Stny Taxi Corp                    |  | Term Loan                                          |  |                 | 08/01/14 |  |              |  | 08/01/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.15 | %                                   |  | $ | 0        |  |  | $         | 940   |  |  | $ | 48     |  |  | $ | 50     | 
|                       |  | Laight Taxi Corp                  |  | Term Loan                                          |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.13 | %                                   |  | $ | 0        |  |  | $         | 928   |  |  | $ | 48     |  |  | $ | 50     | 
|                       |  | Madison Cab Corp                  |  | Term Loan                                          |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.13 | %                                   |  | $ | 0        |  |  | $         | 928   |  |  | $ | 48     |  |  | $ | 50     | 
|                       |  | Tribeca Three Cab Corp            |  | Term Loan                                          |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.13 | %                                   |  | $ | 0        |  |  | $         | 920   |  |  | $ | 47     |  |  | $ | 49     | 
|                       |  | Greenwich Cab Corp                |  | Term Loan                                          |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.13 | %                                   |  | $ | 0        |  |  | $         | 690   |  |  | $ | 36     |  |  | $ | 38     | 
|                       |  | Ade Taxi Corp                     |  | Term Loan                                          |  |                 | 12/08/14 |  |              |  | 12/08/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  | $         | 35    |  |  | $ | 35     |  |  | $ | 37     | 
|                       |  | Bashiru Habib/B Note              |  | Term Loan                                          |  |                 | 07/09/14 |  |              |  | 07/09/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.25 | %                                   |  | $ | 0        |  |  | $         | 35    |  |  | $ | 32     |  |  | $ | 34     | 
|                       |  | Ali Taxi Corp ##                  |  | Term Loan                                          |  |                 | 08/13/13 |  |              |  | 08/13/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 31     |  |  | $ | 33     | 
|                       |  | Francis King Boat Inc             |  | Term Loan                                          |  |                 | 04/17/13 |  |              |  | 04/17/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 28     |  |  | $ | 30     | 
|                       |  | Any Cab Two Corp                  |  | Term Loan                                          |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.13 | %                                   |  | $ | 0        |  |  | $         | 460   |  |  | $ | 24     |  |  | $ | 26     | 
|                       |  | St Petersburg Taxi LLC            |  | Term Loan                                          |  |                 | 05/22/14 |  |              |  | 05/22/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.13 | %                                   |  | $ | 0        |  |  | $         | 460   |  |  | $ | 24     |  |  | $ | 26     | 
|Newark                 |  |                                   |  |                                                    |  |                 |          |  |              |  |          |               |  |  | 114           |  |  |                  | 9 | % |                     |  | 5.28 | %                                   |  | $ | 0        |  |  | $         | 8,446 |  |  | $ | 25,043 |  |  | $ | 25,138 | 
|                       |  | ViergeLLa Inc ##                  |  | Term Loan                                          |  |                 | 02/20/14 |  |              |  | 02/20/18 |               |  |  | 1             |  |  |                  | 1 | % |                     |  | 4.75 | %                                   |  | $ | 0        |  |  | $         | 1,400 |  |  | $ | 1,377  |  |  | $ | 1,375  | 
|                       |  | Rachel LLC                        |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 718    |  |  | $ | 718    | 
|                       |  | Cherubin Vincent &                |  | Term Loan                                          |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  | $         | 650   |  |  | $ | 645    |  |  | $ | 647    | 
|                       |  | K And N Taxi LLC                  |  | Term Loan                                          |  |                 | 09/26/13 |  |              |  | 09/26/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.80 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 633    |  |  | $ | 634    | 
|                       |  | A.M.E. Transit Limited Liabili ## |  | Term Loan                                          |  |                 | 01/10/13 |  |              |  | 01/10/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 577    |  |  | $ | 577    | 
|                       |  | Briana Taxi LLC &                 |  | Term Loan                                          |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  | $         | 360   |  |  | $ | 355    |  |  | $ | 357    | 
|                       |  | SaintviLLien & LarocheLLe LLC     |  | Term Loan                                          |  |                 | 11/14/13 |  |              |  | 11/14/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.90 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 339    |  |  | $ | 341    | 
|                       |  | Airport Travel LLC                |  | Term Loan                                          |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0        |  |  | $         | 330   |  |  | $ | 324    |  |  | $ | 326    | 
|                       |  | Two Daughters Taxi LLC ##         |  | Term Loan                                          |  |                 | 06/12/14 |  |              |  | 06/12/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  | $         | 325   |  |  | $ | 320    |  |  | $ | 321    | 
|                       |  | Mr. Milicent & Sons, LLC ##       |  | Term Loan                                          |  |                 | 04/24/14 |  |              |  | 04/24/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.80 | %                                   |  | $ | 0        |  |  | $         | 318   |  |  | $ | 315    |  |  | $ | 317    | 
|                       |  | P.C. Taxi Corp                    |  | Term Loan                                          |  |                 | 06/13/13 |  |              |  | 06/13/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 304    |  |  | $ | 305    | 
|                       |  | Clair 282 LLC ##                  |  | Term Loan                                          |  |                 | 09/12/13 |  |              |  | 09/12/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 299    |  |  | $ | 301    | 
|                       |  | 1 Hope LLC                        |  | Term Loan                                          |  |                 | 09/26/13 |  |              |  | 09/26/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 292    |  |  | $ | 294    | 
|                       |  | Carvin Taxi Inc ##                |  | Term Loan                                          |  |                 | 12/12/13 |  |              |  | 12/12/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 291    |  |  | $ | 292    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                                   |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |  |                     |  |      |                                     |  |   |           |  |  |           |     |  |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - |  | ------------------- |  | ---- | ----------------------------------- |  | - | --------- |  |  | --------- | --- |  |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |  | CapitalizedInterest |  |      | OriginalCost of2014Acquisitions (5) |  |   | Cost 
(4) |  |  | FairValue |    
|                       |  | Cmgv #2 Taxi Inc ##               |  | Term Loan                                          |  |                 | 12/12/13 |  |              |  | 12/12/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 291 |  |  | $ | 292 | 
|                       |  | Dern #2 Taxi Inc ##               |  | Term Loan                                          |  |                 | 12/12/13 |  |              |  | 12/12/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 291 |  |  | $ | 292 | 
|                       |  | Owned By Mr Vincent LLC           |  | Term Loan                                          |  |                 | 01/10/13 |  |              |  | 01/10/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 291 |  |  | $ | 292 | 
|                       |  | Romise Taxi LLC                   |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 290 |  |  | $ | 292 | 
|                       |  | Bidon Taxi Inc ##                 |  | Term Loan                                          |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 289 |  |  | $ | 291 | 
|                       |  | B Gene And Fil LLC                |  | Term Loan                                          |  |                 | 01/10/13 |  |              |  | 01/10/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 289 |  |  | $ | 290 | 
|                       |  | Lagrande Taxi Corp ##             |  | Term Loan                                          |  |                 | 02/14/13 |  |              |  | 02/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 289 |  |  | $ | 289 | 
|                       |  | Center Taxi LLC ##                |  | Term Loan                                          |  |                 | 08/15/13 |  |              |  | 08/15/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 285 |  |  | $ | 287 | 
|                       |  | Dorvilma LLC ## &                 |  | Term Loan                                          |  |                 | 02/14/13 |  |              |  | 02/14/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 282 |  |  | $ | 282 | 
|                       |  | Angel Taxi LLC                    |  | Term Loan                                          |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  | $         | 284 |  |  | $ | 283 |  |  | $ | 282 | 
|                       |  | Hg & Zg Corporation               |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 276 |  |  | $ | 277 | 
|                       |  | Magdala Corp ##                   |  | Term Loan                                          |  |                 | 08/16/13 |  |              |  | 08/16/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 271 |  |  | $ | 271 | 
|                       |  | One At A Time Time Transport I ## |  | Term Loan                                          |  |                 | 09/20/12 |  |              |  | 09/20/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 270 |  |  | $ | 270 | 
|                       |  | Jovin Taxi Inc ##                 |  | Term Loan                                          |  |                 | 01/10/13 |  |              |  | 01/10/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 269 |  |  | $ | 270 | 
|                       |  | Maitre Joa LLC                    |  | Term Loan                                          |  |                 | 09/12/13 |  |              |  | 09/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 265 |  |  | $ | 267 | 
|                       |  | Simone Francois ##                |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 262 |  |  | $ | 263 | 
|                       |  | Hg & Zg Corporation               |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 257 |  |  | $ | 258 | 
|                       |  | Philippe Taxi LLC &               |  | Term Loan                                          |  |                 | 10/23/14 |  |              |  | 10/23/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  | $         | 256 |  |  | $ | 256 |  |  | $ | 255 | 
|                       |  | Kesh & Kelo LLC ##                |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 251 |  |  | $ | 252 | 
|                       |  | Three Sons 2 Taxi Inc ##          |  | Term Loan                                          |  |                 | 05/09/13 |  |              |  | 05/09/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 249 |  |  | $ | 250 | 
|                       |  | Peter Doe                         |  | Term Loan                                          |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  | $         | 250 |  |  | $ | 248 |  |  | $ | 250 | 
|                       |  | Nahla Taxi Inc ##                 |  | Term Loan                                          |  |                 | 04/24/14 |  |              |  | 04/24/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  | $         | 250 |  |  | $ | 245 |  |  | $ | 247 | 
|                       |  | D,D Trans Inc                     |  | Term Loan                                          |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0         |  |  | $         | 250 |  |  | $ | 248 |  |  | $ | 247 | 
|                       |  | St Abraam Corp                    |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/22/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 246 |  |  | $ | 246 | 
|                       |  | Rowfida Incorporated ##           |  | Term Loan                                          |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 242 |  |  | $ | 244 | 
|                       |  | Timax 426 Inc                     |  | Term Loan                                          |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 242 |  |  | $ | 244 | 
|                       |  | Laboule LLC                       |  | Term Loan                                          |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  | $         | 244 |  |  | $ | 242 |  |  | $ | 241 | 
|                       |  | Les & Thera Transportation LLC    |  | Term Loan                                          |  |                 | 07/12/13 |  |              |  | 07/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 239 |  |  | $ | 241 | 
|                       |  | Sonson Taxi Inc ##                |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 235 |  |  | $ | 236 | 
|                       |  | Luckner Etienne ##                |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 234 |  |  | $ | 234 | 
|                       |  | T-Bozo Trans LLC                  |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 231 |  |  | $ | 232 | 
|                       |  | Grec Taxi Corp                    |  | Term Loan                                          |  |                 | 12/08/11 |  |              |  | 12/08/15 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 228 |  |  | $ | 229 | 
|                       |  | Anasta.S. Taxi LLC                |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 225 |  |  | $ | 226 | 
|                       |  | Semsema Trans Corporation         |  | Term Loan                                          |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0         |  |  | $         | 225 |  |  | $ | 223 |  |  | $ | 223 | 
|                       |  | M.K. Taxi Inc                     |  | Term Loan                                          |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.50 | %                                   |  | $ | 0         |  |  | $         | 233 |  |  | $ | 221 |  |  | $ | 223 | 
|                       |  | E H 88 Taxi Corp ##               |  | Term Loan                                          |  |                 | 06/12/14 |  |              |  | 06/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0         |  |  | $         | 225 |  |  | $ | 222 |  |  | $ | 222 | 
|                       |  | Ekny Fils-Aime ##                 |  | Term Loan                                          |  |                 | 10/17/11 |  |              |  | 10/17/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 219 |  |  | $ | 220 | 
|                       |  | Jacob And Jasmina Inc             |  | Term Loan                                          |  |                 | 10/24/14 |  |              |  | 10/24/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.90 | %                                   |  | $ | 0         |  |  | $         | 223 |  |  | $ | 221 |  |  | $ | 220 | 
|                       |  | Joseph And Jamar Inc              |  | Term Loan                                          |  |                 | 10/24/14 |  |              |  | 10/24/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.90 | %                                   |  | $ | 0         |  |  | $         | 223 |  |  | $ | 221 |  |  | $ | 220 | 
|                       |  | Mpaul 596 LLC                     |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 218 |  |  | $ | 219 | 
|                       |  | Zoune Taxi #2 Inc ##              |  | Term Loan                                          |  |                 | 01/10/13 |  |              |  | 01/10/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 217 |  |  | $ | 218 | 
|                       |  | S.J.L.T Joujean Inc               |  | Term Loan                                          |  |                 | 03/15/12 |  |              |  | 03/15/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 215 |  |  | $ | 216 | 
|                       |  | Jacob Joseph                      |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 214 |  |  | $ | 215 | 
|                       |  | Dmd Taxi LLC                      |  | Term Loan                                          |  |                 | 09/26/13 |  |              |  | 09/26/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.75 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 212 |  |  | $ | 214 | 
|                       |  | Boss Carmel Taxi Inc ##           |  | Term Loan                                          |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 208 |  |  | $ | 210 | 
|                       |  | Erick Fleuridor                   |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/15 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 207 |  |  | $ | 207 | 
|                       |  | CheLL 11 Corp                     |  | Term Loan                                          |  |                 | 07/10/14 |  |              |  | 07/10/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  | $         | 204 |  |  | $ | 202 |  |  | $ | 204 | 
|                       |  | O.P. Taxi LLC                     |  | Term Loan                                          |  |                 | 10/23/14 |  |              |  | 10/23/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  | $         | 205 |  |  | $ | 204 |  |  | $ | 203 | 
|                       |  | Joseph Duverneau ##               |  | Term Loan                                          |  |                 | 02/17/11 |  |              |  | 02/17/15 |               |  |  | 1             |  |  |                  | * |  |                     |  | 7.00 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 202 |  |  | $ | 201 | 
|                       |  | Chavensky Cab Inc                 |  | Term Loan                                          |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 194 |  |  | $ | 196 | 
|                       |  | Saintilia Charles                 |  | Term Loan                                          |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  | $         | 196 |  |  | $ | 195 |  |  | $ | 195 | 
|                       |  | Stany Inc                         |  | Term Loan                                          |  |                 | 05/12/11 |  |              |  | 05/12/15 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.75 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 194 |  |  | $ | 194 | 
|                       |  | Clermise LLC                      |  | Term Loan                                          |  |                 | 09/18/14 |  |              |  | 09/18/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  | $         | 193 |  |  | $ | 192 |  |  | $ | 192 | 
|                       |  | Daniele Taxi LLC ##               |  | Term Loan                                          |  |                 | 05/15/14 |  |              |  | 05/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.75 | %                                   |  | $ | 0         |  |  | $         | 194 |  |  | $ | 189 |  |  | $ | 191 | 
|                       |  | Herve Dameus                      |  | Term Loan                                          |  |                 | 12/11/14 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.00 | %                                   |  | $ | 0         |  |  | $         | 186 |  |  | $ | 186 |  |  | $ | 186 | 
|                       |  | Thomas Lahens                     |  | Term Loan                                          |  |                 | 07/11/13 |  |              |  | 07/11/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 4.90 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 182 |  |  | $ | 183 | 
|                       |  | S Gladys Taxi LLC ##              |  | Term Loan                                          |  |                 | 06/12/14 |  |              |  | 06/12/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.00 | %                                   |  | $ | 0         |  |  | $         | 181 |  |  | $ | 179 |  |  | $ | 180 | 
|                       |  | Mfc Taxi Corp ##                  |  | Term Loan                                          |  |                 | 09/20/11 |  |              |  | 09/19/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 179 |  |  | $ | 179 | 
|                       |  | Micheline Luxeus ##               |  | Term Loan                                          |  |                 | 12/13/12 |  |              |  | 12/13/17 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 176 |  |  | $ | 177 | 
|                       |  | Serge Previlon LLC                |  | Term Loan                                          |  |                 | 08/15/13 |  |              |  | 08/15/18 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.25 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 171 |  |  | $ | 173 | 
|                       |  | Erick Fleuridor                   |  | Term Loan                                          |  |                 | 10/25/12 |  |              |  | 10/25/16 |               |  |  | 1             |  |  |                  | * |  |                     |  | 5.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 171 |  |  | $ | 172 | 
|                       |  | Marie Jeanne Philemon             |  | Term Loan                                          |  |                 | 07/07/11 |  |              |  | 07/07/15 |               |  |  | 1             |  |  |                  | * |  |                     |  | 6.50 | %                                   |  | $ | 0         |  |  |           |     |  |  | $ | 168 |  |  | $ | 168 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                               |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |    |   |                     |  |      |                                     |  |   |          |  |  |           |       |  |  |   |        |  |  |   |        | 
|---------------------- |  | ----------------------------- |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | -- | - | ------------------- |  | ---- | ----------------------------------- |  | - | -------- |  |  | --------- | ----- |  |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                  |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |    |   | CapitalizedInterest |  |      | OriginalCost of2014Acquisitions (5) |  |   | Cost (4) |  |  | FairValue |      
|                       |  | Cassandra & Joseph Sejour Inc |  | Term Loan                                          |  |                 | 04/09/10 |  |              |  | 03/13/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 163    |  |  | $ | 162    | 
|                       |  | Just 8 Taxi #2 Inc ##         |  | Term Loan                                          |  |                 | 09/20/11 |  |              |  | 09/19/15 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 161    |  |  | $ | 161    | 
|                       |  | Monise Lubintus               |  | Term Loan                                          |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 158    |  |  | $ | 159    | 
|                       |  | A.N.T.K. LLC                  |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/25/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 149    |  |  | $ | 151    | 
|                       |  | Charata Taxi Inc              |  | Term Loan                                          |  |                 | 12/12/13 |  |              |  | 12/12/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 148    |  |  | $ | 150    | 
|                       |  | 534 Taxi LLC                  |  | Term Loan                                          |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  | $         | 146   |  |  | $ | 145    |  |  | $ | 146    | 
|                       |  | SaintviLLien & LarocheLLe LLC |  | Term Loan                                          |  |                 | 11/14/13 |  |              |  | 11/14/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.63 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 144    |  |  | $ | 146    | 
|                       |  | Pierre Family 084 LLC         |  | Term Loan                                          |  |                 | 07/12/13 |  |              |  | 07/12/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 144    |  |  | $ | 146    | 
|                       |  | Antoines Dortin               |  | Term Loan                                          |  |                 | 08/14/14 |  |              |  | 08/14/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  | $         | 148   |  |  | $ | 145    |  |  | $ | 145    | 
|                       |  | Ahmad Taxi Inc                |  | Term Loan                                          |  |                 | 06/09/11 |  |              |  | 06/09/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.75 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 138    |  |  | $ | 139    | 
|                       |  | 424 Taxi LLC                  |  | Term Loan                                          |  |                 | 01/20/12 |  |              |  | 01/20/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 7.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 136    |  |  | $ | 137    | 
|                       |  | Charles K Agesilas            |  | Term Loan                                          |  |                 | 08/14/14 |  |              |  | 08/14/21 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.50 | %                                   |  | $ | 0        |  |  | $         | 137   |  |  | $ | 132    |  |  | $ | 133    | 
|                       |  | Forward Taxi Corp             |  | Term Loan                                          |  |                 | 03/15/12 |  |              |  | 03/15/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 132    |  |  | $ | 133    | 
|                       |  | R & Z Trans Service Inc       |  | Term Loan                                          |  |                 | 01/10/13 |  |              |  | 01/10/23 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 128    |  |  | $ | 130    | 
|                       |  | Yves Frantz Philemon          |  | Term Loan                                          |  |                 | 12/11/14 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.75 | %                                   |  | $ | 0        |  |  | $         | 126   |  |  | $ | 126    |  |  | $ | 125    | 
|                       |  | Alhayat Taxi Inc              |  | Term Loan                                          |  |                 | 02/14/13 |  |              |  | 02/14/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 116    |  |  | $ | 115    | 
|                       |  | 0127 Incorporated ##          |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 113    |  |  | $ | 114    | 
|                       |  | Olga Morales                  |  | Term Loan                                          |  |                 | 03/15/12 |  |              |  | 03/15/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 110    |  |  | $ | 111    | 
|                       |  | Cosmos 2 Taxi Corporation ##  |  | Term Loan                                          |  |                 | 11/14/13 |  |              |  | 11/14/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 105    |  |  | $ | 107    | 
|                       |  | Louibert Julien               |  | Term Loan                                          |  |                 | 06/18/14 |  |              |  | 06/16/21 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  | $         | 113   |  |  | $ | 104    |  |  | $ | 106    | 
|                       |  | Hercule Jean-Baptiste         |  | Term Loan                                          |  |                 | 06/13/13 |  |              |  | 06/13/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 103    |  |  | $ | 104    | 
|                       |  | Don Taxi Inc/Mbnk             |  | Term Loan                                          |  |                 | 01/23/14 |  |              |  | 01/23/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.50 | %                                   |  | $ | 0        |  |  | $         | 105   |  |  | $ | 102    |  |  | $ | 102    | 
|                       |  | E-Z-4-U Inc                   |  | Term Loan                                          |  |                 | 01/19/12 |  |              |  | 01/19/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 90     |  |  | $ | 91     | 
|                       |  | Gethsemane Inc                |  | Term Loan                                          |  |                 | 02/20/14 |  |              |  | 02/20/19 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  | $         | 88    |  |  | $ | 83     |  |  | $ | 85     | 
|                       |  | Clameus Estimable             |  | Term Loan                                          |  |                 | 05/06/10 |  |              |  | 06/06/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 84     |  |  | $ | 83     | 
|                       |  | Mario P Jean-Louis ##         |  | Term Loan                                          |  |                 | 12/11/14 |  |              |  | 12/11/18 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  | $         | 81    |  |  | $ | 81     |  |  | $ | 81     | 
|                       |  | Praise The Lord Taxi Inc      |  | Term Loan                                          |  |                 | 05/20/11 |  |              |  | 05/20/15 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.75 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 81     |  |  | $ | 81     | 
|                       |  | Pola Trans Inc ##             |  | Term Loan                                          |  |                 | 07/19/12 |  |              |  | 07/19/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 77     |  |  | $ | 77     | 
|                       |  | Gerald Jean-Louis ##          |  | Term Loan                                          |  |                 | 04/25/13 |  |              |  | 04/25/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 73     |  |  | $ | 74     | 
|                       |  | Mr Clean Sdam Taxi LLC        |  | Term Loan                                          |  |                 | 06/09/11 |  |              |  | 06/09/15 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.75 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 74     |  |  | $ | 74     | 
|                       |  | Fraline Taxi Inc ##           |  | Term Loan                                          |  |                 | 09/18/14 |  |              |  | 09/18/19 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  | $         | 62    |  |  | $ | 60     |  |  | $ | 61     | 
|                       |  | Reyes Okoroagu ##             |  | Term Loan                                          |  |                 | 11/14/13 |  |              |  | 11/14/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.75 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 47     |  |  | $ | 49     | 
|                       |  | Pegy Taxi Corp                |  | Term Loan                                          |  |                 | 02/17/11 |  |              |  | 02/17/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 43     |  |  | $ | 44     | 
|                       |  | Pierre Sterling               |  | Term Loan                                          |  |                 | 01/19/12 |  |              |  | 01/19/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 42     |  |  | $ | 43     | 
|                       |  | Webert Joseph                 |  | Term Loan                                          |  |                 | 02/17/11 |  |              |  | 02/17/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 34     |  |  | $ | 35     | 
|                       |  | Farar LLC ##                  |  | Term Loan                                          |  |                 | 03/13/14 |  |              |  | 03/13/19 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.25 | %                                   |  | $ | 0        |  |  | $         | 35    |  |  | $ | 30     |  |  | $ | 32     | 
|                       |  | Jean Belony                   |  | Term Loan                                          |  |                 | 06/09/11 |  |              |  | 06/09/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 6.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 26     |  |  | $ | 27     | 
|                       |  | 100 Taxi #2 Corp              |  | Term Loan                                          |  |                 | 07/25/08 |  |              |  | 07/25/15 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 8.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 14     |  |  | $ | 14     | 
|Boston                 |  |                               |  |                                                    |  |                 |          |  |              |  |          |               |  |  | 57            |  |  |                  | 10 | % |                     |  | 4.69 | %                                   |  | $ | 0        |  |  | $         | 9,549 |  |  | $ | 27,277 |  |  | $ | 27,317 | 
|                       |  | Chiso Trans Inc               |  | Term Loan                                          |  |                 | 11/26/13 |  |              |  | 11/26/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 820    |  |  | $ | 822    | 
|                       |  | Chiso Trans Inc               |  | Term Loan                                          |  |                 | 04/20/12 |  |              |  | 04/20/15 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 582    |  |  | $ | 582    | 
|                       |  | Johnson Holdings Inc          |  | Term Loan                                          |  |                 | 04/23/14 |  |              |  | 04/23/17 |               |  |  | 1             |  |  |                  | 1  | % |                     |  | 4.50 | %                                   |  | $ | 0        |  |  | $         | 1,401 |  |  | $ | 1,379  |  |  | $ | 1,381  | 
|                       |  | Chidi Trans Inc ##            |  | Term Loan                                          |  |                 | 11/17/14 |  |              |  | 11/17/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.50 | %                                   |  | $ | 0        |  |  | $         | 1,294 |  |  | $ | 1,294  |  |  | $ | 1,296  | 
|                       |  | Gabriel Trans Holdings Inc    |  | Term Loan                                          |  |                 | 04/23/14 |  |              |  | 04/23/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  | $         | 1,131 |  |  | $ | 1,113  |  |  | $ | 1,115  | 
|                       |  | Sasun Cab Inc                 |  | Term Loan                                          |  |                 | 02/20/13 |  |              |  | 02/20/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 922    |  |  | $ | 923    | 
|                       |  | Mish Inc ##                   |  | Term Loan                                          |  |                 | 12/28/12 |  |              |  | 12/28/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 879    |  |  | $ | 878    | 
|                       |  | Southside Enterprises Inc ##  |  | Term Loan                                          |  |                 | 12/28/12 |  |              |  | 12/28/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 879    |  |  | $ | 878    | 
|                       |  | Arinze Trans Inc ##           |  | Term Loan                                          |  |                 | 04/22/14 |  |              |  | 04/22/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  | $         | 727   |  |  | $ | 713    |  |  | $ | 713    | 
|                       |  | Baton Moise Cab Inc ##        |  | Term Loan                                          |  |                 | 04/14/14 |  |              |  | 04/14/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.90 | %                                   |  | $ | 0        |  |  | $         | 630   |  |  | $ | 622    |  |  | $ | 624    | 
|                       |  | Ngozi Trans Inc.              |  | Term Loan                                          |  |                 | 12/31/12 |  |              |  | 12/31/15 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.50 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 621    |  |  | $ | 622    | 
|                       |  | Oke Auguste Cab Inc ##        |  | Term Loan                                          |  |                 | 01/31/14 |  |              |  | 01/31/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.90 | %                                   |  | $ | 0        |  |  | $         | 630   |  |  | $ | 619    |  |  | $ | 621    | 
|                       |  | Arinze Trans Inc              |  | Term Loan                                          |  |                 | 02/05/10 |  |              |  | 02/05/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.25 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 576    |  |  | $ | 576    | 
|                       |  | Britney Cab Inc               |  | Term Loan                                          |  |                 | 12/18/13 |  |              |  | 12/18/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 537    |  |  | $ | 539    | 
|                       |  | Chenal Cab Inc                |  | Term Loan                                          |  |                 | 12/03/13 |  |              |  | 12/03/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 536    |  |  | $ | 538    | 
|                       |  | Farb Inc ##                   |  | Term Loan                                          |  |                 | 02/20/13 |  |              |  | 02/20/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 5.13 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 530    |  |  | $ | 529    | 
|                       |  | Ser-Vil Cab Inc               |  | Term Loan                                          |  |                 | 03/28/14 |  |              |  | 03/28/15 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.63 | %                                   |  | $ | 0        |  |  | $         | 534   |  |  | $ | 525    |  |  | $ | 527    | 
|                       |  | Amazing Grace Cab Inc         |  | Term Loan                                          |  |                 | 02/06/14 |  |              |  | 02/06/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.25 | %                                   |  | $ | 0        |  |  | $         | 522   |  |  | $ | 509    |  |  | $ | 511    | 
|                       |  | God-WiLL Inc                  |  | Term Loan                                          |  |                 | 02/11/14 |  |              |  | 02/11/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.25 | %                                   |  | $ | 0        |  |  | $         | 518   |  |  | $ | 504    |  |  | $ | 506    | 
|                       |  | Jason Cab Inc ##              |  | Term Loan                                          |  |                 | 03/15/13 |  |              |  | 03/15/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.88 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 501    |  |  | $ | 502    | 
|                       |  | Memory Cab Company Inc ##     |  | Term Loan                                          |  |                 | 01/14/11 |  |              |  | 01/14/17 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.13 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 503    |  |  | $ | 502    | 
|                       |  | Margo Cab Inc ##              |  | Term Loan                                          |  |                 | 01/16/13 |  |              |  | 01/16/16 |               |  |  | 1             |  |  |                  | *  |   |                     |  | 4.00 | %                                   |  | $ | 0        |  |  |           |       |  |  | $ | 495    |  |  | $ | 494    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                       |  |                                |  |                                                    |  |                 |          |  |              |  |          |               |  |  |               |  |  |                  |   |   |                     |  |       |                                     |  |   |           |  |  |           |       |  |  |   |       |  |  |   |       | 
|---------------------- |  | ------------------------------ |  | -------------------------------------------------- |  | --------------- | -------- |  | ------------ |  | -------- | ------------- |  |  | ------------- |  |  | ---------------- | - | - | ------------------- |  | ----- | ----------------------------------- |  | - | --------- |  |  | --------- | ----- |  |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                   |  | Security Type(all restricted unlessotherwisenoted) |  | AcquisitionDate |          |  | MaturityDate |  |          | No. ofInvest. |  |  | % ofNetAssets |  |  | InterestRate
(1) |   |   | CapitalizedInterest |  |       | OriginalCost of2014Acquisitions (5) |  |   | Cost 
(4) |  |  | FairValue |      
|                       |  | S.P.B. Taxi Inc                |  | Term Loan                                          |  |                 | 09/18/13 |  |              |  | 09/18/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 490   |  |  | $ | 491   | 
|                       |  | Myra Inc                       |  | Term Loan                                          |  |                 | 08/12/13 |  |              |  | 08/12/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 489   |  |  | $ | 490   | 
|                       |  | Saint Inc                      |  | Term Loan                                          |  |                 | 08/12/13 |  |              |  | 08/12/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.75  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 489   |  |  | $ | 490   | 
|                       |  | Good Time Cab Inc ##           |  | Term Loan                                          |  |                 | 03/20/14 |  |              |  | 03/20/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.13  | %                                   |  | $ | 0         |  |  | $         | 500   |  |  | $ | 489   |  |  | $ | 489   | 
|                       |  | Loren Cab Inc ##               |  | Term Loan                                          |  |                 | 03/20/14 |  |              |  | 03/20/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.13  | %                                   |  | $ | 0         |  |  | $         | 500   |  |  | $ | 489   |  |  | $ | 489   | 
|                       |  | Bailey Cab Inc ##              |  | Term Loan                                          |  |                 | 11/09/12 |  |              |  | 11/09/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 480   |  |  | $ | 481   | 
|                       |  | Odat Taxi, Inc. ## &           |  | Term Loan                                          |  |                 | 03/07/13 |  |              |  | 03/07/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 464   |  |  | $ | 464   | 
|                       |  | Theo Cab Inc ## &              |  | Term Loan                                          |  |                 | 03/07/13 |  |              |  | 03/07/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 463   |  |  | $ | 463   | 
|                       |  | Ruth Cab Inc                   |  | Term Loan                                          |  |                 | 11/26/13 |  |              |  | 11/26/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 455   |  |  | $ | 457   | 
|                       |  | TomorrowS Tree Inc            |  | Term Loan                                          |  |                 | 10/08/13 |  |              |  | 10/08/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 453   |  |  | $ | 455   | 
|                       |  | Dadou Cab Inc &                |  | Term Loan                                          |  |                 | 11/16/12 |  |              |  | 11/16/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.38  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 448   |  |  | $ | 449   | 
|                       |  | Joyful Ride Inc ##             |  | Term Loan                                          |  |                 | 12/28/12 |  |              |  | 12/28/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 439   |  |  | $ | 439   | 
|                       |  | P&P Dumerant Corp ## &         |  | Term Loan                                          |  |                 | 10/25/13 |  |              |  | 10/25/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 438   |  |  | $ | 439   | 
|                       |  | Jv Taxi Inc                    |  | Term Loan                                          |  |                 | 10/24/14 |  |              |  | 10/24/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25  | %                                   |  | $ | 0         |  |  | $         | 436   |  |  | $ | 434   |  |  | $ | 435   | 
|                       |  | Eldali Transportation Inc      |  | Term Loan                                          |  |                 | 11/09/12 |  |              |  | 11/26/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 434   |  |  | $ | 433   | 
|                       |  | DjbeLL Love Inc ##             |  | Term Loan                                          |  |                 | 09/27/12 |  |              |  | 09/27/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 411   |  |  | $ | 410   | 
|                       |  | God Is Able Inc ##             |  | Term Loan                                          |  |                 | 02/11/14 |  |              |  | 02/11/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00  | %                                   |  | $ | 0         |  |  | $         | 402   |  |  | $ | 391   |  |  | $ | 392   | 
|                       |  | H And H Taxi Inc ##            |  | Term Loan                                          |  |                 | 10/11/13 |  |              |  | 10/11/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 371   |  |  | $ | 372   | 
|                       |  | Ngozi Trans Inc. ##            |  | Term Loan                                          |  |                 | 04/20/12 |  |              |  | 04/20/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 344   |  |  | $ | 343   | 
|                       |  | Jesus Denis Cab Inc            |  | Term Loan                                          |  |                 | 03/22/13 |  |              |  | 03/22/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 336   |  |  | $ | 337   | 
|                       |  | Urzal Taxi Inc                 |  | Term Loan                                          |  |                 | 07/29/13 |  |              |  | 07/29/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 320   |  |  | $ | 321   | 
|                       |  | Ngozi Trans Inc.               |  | Term Loan                                          |  |                 | 12/31/12 |  |              |  | 12/31/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 311   |  |  | $ | 312   | 
|                       |  | Shemarjamalie Cab Inc ##       |  | Term Loan                                          |  |                 | 02/17/12 |  |              |  | 02/17/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.15  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 310   |  |  | $ | 310   | 
|                       |  | Jre Taxi Inc ##                |  | Term Loan                                          |  |                 | 07/25/14 |  |              |  | 07/25/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.70  | %                                   |  | $ | 0         |  |  | $         | 289   |  |  | $ | 285   |  |  | $ | 287   | 
|                       |  | Boband Cab Inc ##              |  | Term Loan                                          |  |                 | 11/06/12 |  |              |  | 06/06/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 285   |  |  | $ | 284   | 
|                       |  | Louine Cab Inc &               |  | Term Loan                                          |  |                 | 11/30/12 |  |              |  | 11/30/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 282   |  |  | $ | 283   | 
|                       |  | Sarhad Coach Inc               |  | Term Loan                                          |  |                 | 07/23/13 |  |              |  | 05/25/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 277   |  |  | $ | 278   | 
|                       |  | Phatricksey Cab Inc ##         |  | Term Loan                                          |  |                 | 07/14/11 |  |              |  | 07/14/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 254   |  |  | $ | 253   | 
|                       |  | Stanley & RacheLLe Cab Inc     |  | Term Loan                                          |  |                 | 05/23/11 |  |              |  | 05/23/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 168   |  |  | $ | 168   | 
|                       |  | Dabola Cab Inc ##              |  | Term Loan                                          |  |                 | 11/10/11 |  |              |  | 07/10/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 168   |  |  | $ | 167   | 
|                       |  | Kena Cab Inc                   |  | Term Loan                                          |  |                 | 11/06/12 |  |              |  | 11/06/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 71    |  |  | $ | 72    | 
|                       |  | Sasun Cab Inc                  |  | Term Loan                                          |  |                 | 02/20/13 |  |              |  | 02/20/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 31    |  |  | $ | 32    | 
|                       |  | Theo Cab Inc                   |  | Term Loan                                          |  |                 | 05/01/14 |  |              |  | 05/01/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00  | %                                   |  | $ | 0         |  |  | $         | 30    |  |  | $ | 26    |  |  | $ | 28    | 
|                       |  | Sunshine Cab Inc ##            |  | Term Loan                                          |  |                 | 06/12/07 |  |              |  | 06/12/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 18    |  |  | $ | 18    | 
|                       |  | Ser-Vil Cab Inc                |  | Term Loan                                          |  |                 | 10/03/14 |  |              |  | 10/03/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.00  | %                                   |  | $ | 0         |  |  | $         | 5     |  |  | $ | 5     |  |  | $ | 7     | 
|Cambridge              |  |                                |  |                                                    |  |                 |          |  |              |  |          |               |  |  | 15            |  |  |                  | 2 | % |                     |  | 4.80  | %                                   |  | $ | 0         |  |  | $         | 1,184 |  |  | $ | 6,006 |  |  | $ | 6,021 | 
|                       |  | Gcf Taxi Inc, Et Al            |  | Term Loan                                          |  |                 | 12/30/13 |  |              |  | 12/30/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 1,365 |  |  | $ | 1,365 | 
|                       |  | Gcf Taxi Inc Et Al/Note 2      |  | Term Loan                                          |  |                 | 12/29/14 |  |              |  | 09/29/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00  | %                                   |  | $ | 0         |  |  | $         | 97    |  |  | $ | 61    |  |  | $ | 63    | 
|                       |  | Gcf Taxi Inc                   |  | Term Loan                                          |  |                 | 10/08/13 |  |              |  | 10/08/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 653   |  |  | $ | 655   | 
|                       |  | Eureka Cab Inc                 |  | Term Loan                                          |  |                 | 07/01/14 |  |              |  | 07/01/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.25  | %                                   |  | $ | 0         |  |  | $         | 432   |  |  | $ | 427   |  |  | $ | 429   | 
|                       |  | Patrick Cab Inc And Saad Inc & |  | Term Loan                                          |  |                 | 03/29/13 |  |              |  | 03/29/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.88  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 404   |  |  | $ | 405   | 
|                       |  | Hope-Lynn Cabworks Inc ##      |  | Term Loan                                          |  |                 | 03/22/13 |  |              |  | 03/22/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 377   |  |  | $ | 377   | 
|                       |  | Lynn Maha Taxi Inc             |  | Term Loan                                          |  |                 | 05/13/13 |  |              |  | 05/13/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 370   |  |  | $ | 371   | 
|                       |  | Mgf Taxi Inc                   |  | Term Loan                                          |  |                 | 05/06/11 |  |              |  | 05/06/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 352   |  |  | $ | 352   | 
|                       |  | Desdunes Cab Inc               |  | Term Loan                                          |  |                 | 09/21/12 |  |              |  | 10/21/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.65  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 331   |  |  | $ | 332   | 
|                       |  | Drumman Trans Inc              |  | Term Loan                                          |  |                 | 12/07/12 |  |              |  | 12/07/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 327   |  |  | $ | 328   | 
|                       |  | Sam Taxi Inc                   |  | Term Loan                                          |  |                 | 03/12/14 |  |              |  | 03/12/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50  | %                                   |  | $ | 0         |  |  | $         | 330   |  |  | $ | 323   |  |  | $ | 325   | 
|                       |  | Raad Taxi Inc ##               |  | Term Loan                                          |  |                 | 05/30/14 |  |              |  | 05/30/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.50  | %                                   |  | $ | 0         |  |  | $         | 325   |  |  | $ | 319   |  |  | $ | 320   | 
|                       |  | Marcia And Everton Cab Inc ##  |  | Term Loan                                          |  |                 | 11/09/12 |  |              |  | 11/09/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 279   |  |  | $ | 279   | 
|                       |  | Walger Inc                     |  | Term Loan                                          |  |                 | 01/26/12 |  |              |  | 01/26/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 272   |  |  | $ | 272   | 
|                       |  | Taxi Technology Inc ##         |  | Term Loan                                          |  |                 | 12/11/13 |  |              |  | 12/11/16 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 146   |  |  | $ | 148   | 
|Other                  |  |                                |  |                                                    |  |                 |          |  |              |  |          |               |  |  | 9             |  |  |                  | 0 | % |                     |  | 6.59  | %                                   |  | $ | 0         |  |  | $         | 278   |  |  | $ | 814   |  |  | $ | 815   | 
|                       |  | Tjp Inc ##                     |  | Term Loan                                          |  |                 | 01/03/14 |  |              |  | 01/03/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 4.75  | %                                   |  | $ | 0         |  |  | $         | 278   |  |  | $ | 273   |  |  | $ | 274   | 
|                       |  | Wiljean Marcelin               |  | Term Loan                                          |  |                 | 08/21/13 |  |              |  | 09/01/23 |               |  |  | 1             |  |  |                  | * |   |                     |  | 6.75  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 163   |  |  | $ | 165   | 
|                       |  | Jean C Mathurin/Norcal         |  | Term Loan                                          |  |                 | 01/15/13 |  |              |  | 02/01/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 8.50  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 161   |  |  | $ | 160   | 
|                       |  | Hantin Trans/Aventura Taxi     |  | Term Loan                                          |  |                 | 06/16/10 |  |              |  | 06/16/17 |               |  |  | 1             |  |  |                  | * |   |                     |  | 8.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 89    |  |  | $ | 90    | 
|                       |  | Zelalem S. Alemu               |  | Term Loan                                          |  |                 | 04/28/08 |  |              |  | 04/28/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 5.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 70    |  |  | $ | 69    | 
|                       |  | Elzira & Luc Cab Inc.          |  | Term Loan                                          |  |                 | 08/17/10 |  |              |  | 02/17/18 |               |  |  | 1             |  |  |                  | * |   |                     |  | 8.25  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 30    |  |  | $ | 30    | 
|                       |  | Elysse Corporation             |  | Term Loan                                          |  |                 | 09/10/10 |  |              |  | 11/01/19 |               |  |  | 1             |  |  |                  | * |   |                     |  | 9.00  | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 19    |  |  | $ | 20    | 
|                       |  | Odney Cab Inc/Mbank &          |  | Term Loan                                          |  |                 | 12/22/10 |  |              |  | 12/22/15 |               |  |  | 1             |  |  |                  | * |   |                     |  | 11.50 | %                                   |  | $ | 0         |  |  |           |       |  |  | $ | 7     |  |  | $ | 6     | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                                                                                                    |  |                                                                     |  |                                                                                     |  |                                                     |          |                 |          |  |              |      |          |               |   |   |               |   |   |                  |       |   |                     |         |       |                                     |   |         |          |   |       |           |        |   |       |   |        |   |       |   |       | 
|--------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------- |  | --------------------------------------------------- | -------- | --------------- | -------- |  | ------------ | ---- | -------- | ------------- | - | - | ------------- | - | - | ---------------- | ----- | - | ------------------- | ------- | ----- | ----------------------------------- | - | ------- | -------- | - | ----- | --------- | ------ | - | ----- | - | ------ | - | ----- | - | ----- | 
|(Dollars in thousands)                                                                              |  |                                                                     |  | Obligor Name                                                                        |  | Security Type(all restricted unlessotherwise
noted) |          | AcquisitionDate |          |  | MaturityDate |      |          | No. ofInvest. |   |   | % ofNetAssets |   |   | InterestRate
(1) |       |   | CapitalizedInterest |         |       | OriginalCost of2014Acquisitions (5) |   |         | Cost (4) |   |       | FairValue |       
|                                                                                                    |  |                                                                     |  | Durosier Xavier/Mbank                                                               |  | Term Loan                                           |          |                 | 08/16/10 |  |              |      | 07/01/15 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 7.25  | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 2      |   |       | $ | 1     | 
|                                                                                                    |  |                                                                     |  |                                                                                     |  |                                                     |          |                 |          |  |              |      |          |               |   |   |               |   |   |                  |       |   |                     |         |       |                                     |   |         |          |   |       |           |        |   |       |   |        |   |       |   |       | 
|Total medallion loans ($247,525 pledged as collateral under borrowingarrangements)                  |  |                                                                     |  | 671                                                                                 |  |                                                     |          | 114             | %        |  |              | 4.03 | %        |               | $ | 0 |               |   | $ | 104,345          |       |   | $                   | 311,519 |       |                                     | $ | 311,894 |         
|                                                                                                    |  |                                                                     |  |                                                                                     |  |                                                     |          |                 |          |  |              |      |          |               |   |   |               |   |   |                  |       |   |                     |         |       |                                     |   |         |          |   |       |           |        |   |       |   |        |   |       |   |       | 
|Commercial Loans                                                                                    |  |                                                                     |  |                                                                                     |  |                                                     |          |                 |          |  |              |      |          |               |   |   |               |   |   |                  |       |   |                     |         |       |                                     |   |         |          |   |       |           |        |   |       |   |        |  
|Secured mezzanine (32% Minnesota, 10% Ohio, 10% Texas, 9% North Carolina, 7% New York, 7%
Oklahoma, |  |                                                                     |  |                                                                                     |  |                                                     |          |                 |          |  |              |      |          |               |   |   |               |   |   |                  |       |   |                     |         |       |                                     |   |         |          |   |       |           |        |   |       |   |        |  
|6% Pennsylvania, 5% Wisconsin, 5% Delaware, 4% Arizona and 5% all other states) (2)                 |  |                                                                     |  |                                                                                     |  |                                                     |          |                 |          |  |              |      |          |               |   |   |               |   |   |                  |       |   |                     |         |       |                                     |   |         |          |   |       |           |        |   |       |  
|Manufacturing (65% of the total)                                                                    |  | Tech Cast Holdings LLC (interest rate includes PIK interest of 3 %) |  | Term Loan                                                                           |  |                                                     | 12/12/14 |                 |          |  | 12/12/19     |      |          |               | 1 |   |               |   | 1 | %                |       |   | 15.00               | %       |       | $                                   | 4 |         |          | $ | 3,350 |           |        | $ | 3,353 |   |        | $ | 3,318 |  
|                                                                                                    |  |                                                                     |  | EGC Operating Company, LLC (interest rate includes PIK interest of 3 %)             |  | Term Loan                                           |          |                 | 09/30/14 |  |              |      | 09/30/19 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 15.00 | %                                   |   | $       | 24       |   |       | $         | 3,100  |   |       | $ | 3,124  |   |       | $ | 3,135 | 
|                                                                                                    |  |                                                                     |  | AA Plush Holdings, LLC (interest rate includes PIK interest of 2 %)                 |  | Term Loan                                           |          |                 | 08/15/14 |  |              |      | 08/15/19 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 14.00 | %                                   |   | $       | 23       |   |       | $         | 3,000  |   |       | $ | 3,023  |   |       | $ | 3,011 | 
|                                                                                                    |  | +                                                                   |  | Bluff Holdings, Inc. (interest rate includes PIK interest of 3.5 %)                 |  | Term Loan                                           |          |                 | 12/14/12 |  |              |      | 12/14/17 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 15.50 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 3,000  |   |       | $ | 3,007 | 
|                                                                                                    |  |                                                                     |  | BB Opco, LLC d/b/a BreathableBaby, LLC (interest rate includes PIK interest of 2 %) |  | Term Loan                                           |          |                 | 08/01/14 |  |              |      | 08/01/19 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 14.00 | %                                   |   | $       | 21       |   |       | $         | 2,500  |   |       | $ | 2,521  |   |       | $ | 2,526 | 
|                                                                                                    |  |                                                                     |  | American Cylinder, Inc. d/b/a All Safe (interest rate includes PIK interest of 5 %) |  | Term Loan                                           |          |                 | 07/03/13 |  |              |      | 01/03/18 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 17.00 | %                                   |   | $       | 118      |   |       |           |        |   |       | $ | 1,618  |   |       | $ | 1,618 | 
|                                                                                                    |  |                                                                     |  | American Cylinder, Inc. d/b/a All Safe                                              |  | Term Loan                                           |          |                 | 07/03/13 |  |              |      | 07/03/17 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 10.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 800    |   |       | $ | 797   | 
|                                                                                                    |  |                                                                     |  | WRWP LLC (interest rate includes PIK interest of 3 %)                               |  | Term Loan                                           |          |                 | 12/30/14 |  |              |      | 12/30/19 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 15.00 | %                                   |   | $       | 0        |   |       | $         | 2,242  |   |       | $ | 2,242  |   |       | $ | 2,252 | 
|                                                                                                    |  | +                                                                   |  | Packaging Specialists, Inc. Southwest (interest rate includes PIK interest of 6 %)  |  | Term Loan                                           |          |                 | 04/01/08 |  |              |      | 06/30/15 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 14.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 2,000  |   |       | $ | 2,000 | 
|                                                                                                    |  |                                                                     |  | Dynamic Systems, Inc. (interest rate includes PIK interest of 3.5 %)                |  | Term Loan                                           |          |                 | 12/23/10 |  |              |      | 12/23/17 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 15.50 | %                                   |   | $       | 170      |   |       |           |        |   |       | $ | 1,994  |   |       | $ | 1,994 | 
|                                                                                                    |  | +                                                                   |  | GAF Manufacturing, LLC (interest rate includes PIK interest of 2 %)                 |  | Term Loan                                           |          |                 | 03/06/14 |  |              |      | 03/06/19 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 14.00 | %                                   |   | $       | 25       |   |       | $         | 1,500  |   |       | $ | 1,525  |   |       | $ | 1,532 | 
|                                                                                                    |  | +                                                                   |  | PACA Foods, LLC &                                                                   |  | Term Loan                                           |          |                 | 12/31/10 |  |              |      | 12/31/15 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 13.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 2,127  |   |       | $ | 1,526 | 
|                                                                                                    |  | +                                                                   |  | Respiratory Technologies, Inc.                                                      |  | Term Loan                                           |          |                 | 04/25/12 |  |              |      | 04/25/17 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 12.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 1,500  |   |       | $ | 1,505 | 
|                                                                                                    |  |                                                                     |  | Orchard Holdings, Inc. &                                                            |  | Term Loan                                           |          |                 | 03/10/99 |  |              |      | 03/31/10 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 13.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 1,390  |   |       | $ | 1,390 | 
|                                                                                                    |  |                                                                     |  | Quaker Bakery Brands, Inc. (interest rate includes PIK interest of 5 %)             |  | Term Loan                                           |          |                 | 03/28/12 |  |              |      | 03/28/17 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 17.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 1,300  |   |       | $ | 1,294 | 
|                                                                                                    |  | +                                                                   |  | Door Engineering and Manufacturing, LLC                                             |  | Term Loan                                           |          |                 | 12/15/04 |  |              |      | 04/30/16 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 13.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 1,050  |   |       | $ | 1,050 | 
|                                                                                                    |  |                                                                     |  | Storflex Holdings, Inc. (interest rate includes PIK interest of 2 %)                |  | Term Loan                                           |          |                 | 07/17/12 |  |              |      | 01/31/19 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 14.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 1,000  |   |       | $ | 1,007 | 
|                                                                                                    |  | +                                                                   |  | Waltek Acquisitions, Inc.                                                           |  | Term Loan                                           |          |                 | 03/31/06 |  |              |      | 03/31/16 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 12.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 930    |   |       | $ | 930   | 
|Information (10% of the total)                                                                      |  |                                                                     |  | US Internet Corp.                                                                   |  | Term Loan                                           |          |                 | 06/12/13 |  |              |      | 06/12/20 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 14.50 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 3,000  |   |       | $ | 3,016 | 
|                                                                                                    |  |                                                                     |  | 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  |   |       | $ | 2,486 | 
|Professional, Scientific, and Technical Services (9% of the total)                                  |  | +                                                                   |  | Portu-Sunberg Marketing, LLC                                                        |  | Term Loan                                           |          |                 | 12/31/12 |  |              |      | 12/31/17 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 12.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 2,500  |   |       | $ | 2,508 | 
|                                                                                                    |  | +                                                                   |  | DPIS Engineering, LLC                                                               |  | Term Loan                                           |          |                 | 12/01/14 |  |              |      | 06/30/20 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 12.00 | %                                   |   |         |          |   |       | $         | 2,000  |   |       | $ | 2,000  |   |       | $ | 1,996 | 
|Arts, Entertainment, and Recreation (9% of the total)                                               |  |                                                                     |  | RPAC Racing, LLC & (interest rate includes PIK interest of 10 %)                    |  | Term Loan                                           |          |                 | 11/19/10 |  |              |      | 11/19/15 |               |   |   | 1             |   |   |                  | 2     | % |                     |         | 10.00 | %                                   |   | $       | 1,446    |   |       |           |        |   |       | $ | 4,485  |   |       | $ | 4,485 | 
|Administrative and Support Services (7% of the total)                                               |  | +                                                                   |  | Staff One, Inc.                                                                     |  | Term Loan                                           |          |                 | 06/30/08 |  |              |      | 03/31/16 |               |   |   | 1             |   |   |                  | 1     | % |                     |         | 3.00  | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 2,964  |   |       | $ | 2,964 | 
|                                                                                                    |  | +                                                                   |  | Staff One, Inc.                                                                     |  | Term Loan                                           |          |                 | 09/15/11 |  |              |      | 03/31/16 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 3.00  | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 485    |   |       | $ | 485   | 
|Accommodation and Food Services (0% of the total)                                                   |  |                                                                     |  | Javier & David Restaurant Corp.                                                     |  | Term Loan                                           |          |                 | 11/05/10 |  |              |      | 11/05/15 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 9.25  | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 498    |   |       | $ | 497   | 
|                                                                                                    |  |                                                                     |  | Star Concessions, Ltd. &                                                            |  | Term Loan                                           |          |                 | 06/30/00 |  |              |      | 10/01/15 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 10.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 819    |   |       | $ | 59    | 
|                                                                                                    |  |                                                                     |  | MultiRestaurants Concepts, Ltd. &                                                   |  | Term Loan                                           |          |                 | 06/30/00 |  |              |      | 10/01/15 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 10.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 928    |   |       | $ | 53    | 
|Retail Trade (0% of the total)                                                                      |  |                                                                     |  | Retail Concessions, Ltd. &                                                          |  | Term Loan                                           |          |                 | 06/30/00 |  |              |      | 10/01/15 |               |   |   | 1             |   |   |                  | *     |   |                     |         | 10.00 | %                                   |   | $       | 0        |   |       |           |        |   |       | $ | 383    |   |       | $ | 36    | 
|                                                                                                    |  |                                                                     |  |                                                                                     |  |                                                     |          |                 |          |  |              |      |          |               |   |   |               |   |   |                  |       |   |                     |         |       |                                     |   |         |          |   |       |           |        |   |       |   |        |   |       |   |       | 
|Total secured mezzanine
(2)                                                                         |  |                                                                     |  |                                                                                     |  |                                                     |          |                 |          |  |              |      | 29       |               |   |   | 19            | % |   |                  | 12.88 | % |                     | $       | 1,831 |                                     |   | $       | 17,692   |   |       | $         | 55,059 |   |       | $ | 52,477 |  
|                                                                                                    |  |                                                                     |  |                                                                                     |  |                                                     |          |                 |          |  |              |      |          |               |   |   |               |   |   |                  |       |   |                     |         |       |                                     |   |         |          |   |       |           |        |   |       |   |        |   |       |   |       | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                                                                                |  |                                                                        |  |                          |  |                                                     |          |                 |   |  |              |      |   |               |   |   |               |  |   |                   |  |  |                     |       |  |                                      |       |       |           |   |     |           |  |   |       |  |  |   |       |  |  | 
|------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------- |  | ------------------------ |  | --------------------------------------------------- | -------- | --------------- | - |  | ------------ | ---- | - | ------------- | - | - | ------------- |  | - | ----------------- |  |  | ------------------- | ----- |  | ------------------------------------ | ----- | ----- | --------- | - | --- | --------- |  | - | ----- |  |  | - | ----- |  |  | 
|(Dollars in thousands)                                                          |  |                                                                        |  | Obligor Name             |  | Security Type(all restricted unlessotherwise
noted) |          | AcquisitionDate |   |  | MaturityDate |      |   | No. ofInvest. |   |   | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |       |  | OriginalCost 
of2014Acquisitions (5) |       |       | Cost 
(4) |   |     | FairValue | 
|Asset-based (67% New York, 24% New Jersey, 6% Florida and 3% all other states)  | 
|Wholesale Trade (29% of the total)                                              |  | Atlantic Veal & Lamb, Inc. ##                                          |  | Revolving line of credit |  |                                                     | 08/15/01 |                 |   |  | 08/15/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.50                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 314   |  |  | $ | 305   | 
|                                                                                |  | Capitalsea, LLC ##                                                     |  | Revolving line of credit |  |                                                     | 11/07/05 |                 |   |  | 11/07/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 4.50                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 270   |  |  | $ | 241   | 
|                                                                                |  | Pride of Neptune, Inc. ##                                              |  | Revolving line of credit |  |                                                     | 01/14/02 |                 |   |  | 01/14/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 4.75                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 211   |  |  | $ | 205   | 
|                                                                                |  | Newburg Egg Corp. ##                                                   |  | Revolving line of credit |  |                                                     | 03/16/99 |                 |   |  | 03/16/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 6.00                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 93    |  |  | $ | 90    | 
|                                                                                |  | Banner Smoked Fish, Inc. ##                                            |  | Revolving line of credit |  |                                                     | 03/27/01 |                 |   |  | 03/27/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.25                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 81    |  |  | $ | 79    | 
|                                                                                |  | Benco Inc.                                                             |  | Revolving line of credit |  |                                                     | 11/06/13 |                 |   |  | 11/06/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 6.25                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 35    |  |  | $ | 34    | 
|                                                                                |  | A.E. Seafood Distributors Inc d/b/a Oceanline Seafood                  |  | Revolving line of credit |  |                                                     | 06/30/14 |                 |   |  | 06/30/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 6.50                | %     |  | $                                    | 0     |       |           | $ | 15  |           |  | $ | 23    |  |  | $ | 26    | 
|                                                                                |  | Snow Shoe Refractories, LLC                                            |  | Revolving line of credit |  |                                                     | 11/30/11 |                 |   |  | 11/30/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 6.00                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 17    |  |  | $ | 9     | 
|                                                                                |  | Two Cousins Fish Market, Inc.                                          |  | Revolving line of credit |  |                                                     | 01/23/99 |                 |   |  | 01/23/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.25                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 3     |  |  | $ | 3     | 
|Transportation and Warehousing (26% of the total)                               |  | Fleet Radio Dispatch Corp. ##                                          |  | Revolving line of credit |  |                                                     | 12/31/01 |                 |   |  | 12/31/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 6.00                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 709   |  |  | $ | 691   | 
|                                                                                |  | Chauffeured Services Unlimited &                                       |  | Revolving line of credit |  |                                                     | 05/02/06 |                 |   |  | 05/02/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 8.00                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 205   |  |  | $ | 199   | 
|Health Care and Social Assistance (12% of the total)                            |  | Mrs. Marys Place HCS Inc. ##                                          |  | Revolving line of credit |  |                                                     | 10/02/07 |                 |   |  | 10/02/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.75                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 236   |  |  | $ | 215   | 
|                                                                                |  | Heart to Heart Health Care                                             |  | Revolving line of credit |  |                                                     | 11/09/12 |                 |   |  | 11/09/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.78                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 220   |  |  | $ | 210   | 
|Retail Trade (9% of the total)                                                  |  | The Dependable Food Corp. ##                                           |  | Revolving line of credit |  |                                                     | 10/19/98 |                 |   |  | 10/19/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 4.75                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 124   |  |  | $ | 121   | 
|                                                                                |  | CNC Associated N.Y.                                                    |  | Revolving line of credit |  |                                                     | 07/24/01 |                 |   |  | 07/24/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.75                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 96    |  |  | $ | 93    | 
|                                                                                |  | Cyrus R. Fox, Inc. ##                                                  |  | Revolving line of credit |  |                                                     | 08/31/06 |                 |   |  | 08/31/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.75                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 94    |  |  | $ | 82    | 
|                                                                                |  | Colt, Inc.                                                             |  | Revolving line of credit |  |                                                     | 10/12/04 |                 |   |  | 10/12/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 7.25                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 24    |  |  | $ | 20    | 
|                                                                                |  | I & E Tire Corp. ##                                                    |  | Revolving line of credit |  |                                                     | 12/21/98 |                 |   |  | 12/21/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.75                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 4     |  |  | $ | 4     | 
|Construction (9% of the total)                                                  |  | Triple A. Supplies, Inc. ##                                            |  | Revolving line of credit |  |                                                     | 07/20/99 |                 |   |  | 07/20/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.75                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 305   |  |  | $ | 296   | 
|                                                                                |  | Mathusek, Incorporated                                                 |  | Revolving line of credit |  |                                                     | 07/23/13 |                 |   |  | 07/23/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 6.75                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 6     |  |  | $ | 7     | 
|Professional, Scientific, and Technical Services (6% of the total)              |  | Victory Marketing Agency LLC                                           |  | Revolving line of credit |  |                                                     | 12/22/14 |                 |   |  | 12/22/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 6.75                | %     |  | $                                    | 0     |       |           | $ | 202 |           |  | $ | 202   |  |  | $ | 206   | 
|Manufacturing (6% of the total)                                                 |  | Fine Line Graphics, Inc.                                               |  | Revolving line of credit |  |                                                     | 11/29/05 |                 |   |  | 11/29/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 6.50                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 102   |  |  | $ | 88    | 
|                                                                                |  | Absecon Mills, Inc. ##                                                 |  | Revolving line of credit |  |                                                     | 07/07/04 |                 |   |  | 07/07/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 6.25                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 70    |  |  | $ | 62    | 
|                                                                                |  | Douglass Industries, Inc. ##                                           |  | Revolving line of credit |  |                                                     | 07/07/04 |                 |   |  | 07/07/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 6.25                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 32    |  |  | $ | 29    | 
|                                                                                |  | International Rollforms, Inc                                           |  | Revolving line of credit |  |                                                     | 01/27/14 |                 |   |  | 01/27/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 7.25                | %     |  | $                                    | 0     |       |           | $ | 10  |           |  | $ | 8     |  |  | $ | 12    | 
|                                                                                |  | JLM Couture Inc.                                                       |  | Revolving line of credit |  |                                                     | 06/22/10 |                 |   |  | 06/22/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.75                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 11    |  |  | $ | 9     | 
|Finance and Insurance (3% of the total)                                         |  | RAS Group, Inc. &                                                      |  | Revolving line of credit |  |                                                     | 02/14/08 |                 |   |  | 02/14/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.50                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 99    |  |  | $ | 96    | 
|Administrative and Support Services (0% of the total)                           |  | Raritan Building Service Corp                                          |  | Revolving line of credit |  |                                                     | 06/30/07 |                 |   |  | 06/30/15     |      |   |               | 1 |   |               |  | * |                   |  |  | 5.50                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 39    |  |  | $ | 35    | 
|                                                                                |  |                                                                        |  |                          |  |                                                     |          |                 |   |  |              |      |   |               |   |   |               |  |   |                   |  |  |                     |       |  |                                      |       |       |           |   |     |           |  |   |       |  |  |   |       |  |  | 
|Total asset-based ($2,889 pledged as collateral under borrowing arrangements)   |  |                                                                        |  | 28                       |  |                                                     |          | 1               | % |  |              | 5.82 | % |               | $ | 0 |               |  | $ | 227               |  |  | $                   | 3,633 |  |                                      | $     | 3,467 |          
|                                                                                |  |                                                                        |  |                          |  |                                                     |          |                 |   |  |              |      |   |               |   |   |               |  |   |                   |  |  |                     |       |  |                                      |       |       |           |   |     |           |  |   |       |  |  |   |       |  |  | 
|Other secured commercial (74% New York, 22% New Jersey and 4% all other states) |  |                                                                        |  |                          |  |                                                     |          |                 |  
|Retail Trade (77% of the total)                                                 |  | Medallion Fine Art Inc (interest rate includes PIK interest of 12.00%) |  | Term Loan                |  |                                                     | 12/17/12 |                 |   |  | 12/17/17     |      |   |               | 1 |   |               |  | 2 | %                 |  |  | 12.00               | %     |  | $                                    | 1,137 |       |           |   |     |           |  | $ | 6,737 |  |  | $ | 6,737 | 
|                                                                                |  | Guyonamar Food Corp                                                    |  | Term Loan                |  |                                                     | 03/17/11 |                 |   |  | 03/17/16     |      |   |               | 1 |   |               |  | * |                   |  |  | 9.25                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 585   |  |  | $ | 583   | 
|                                                                                |  | Antonio Rosado                                                         |  | Term Loan                |  |                                                     | 03/15/12 |                 |   |  | 03/15/17     |      |   |               | 1 |   |               |  | * |                   |  |  | 9.50                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 550   |  |  | $ | 546   | 
|                                                                                |  | La Conga Food Market Inc                                               |  | Term Loan                |  |                                                     | 10/09/12 |                 |   |  | 01/09/20     |      |   |               | 1 |   |               |  | * |                   |  |  | 9.00                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 472   |  |  | $ | 468   | 
|                                                                                |  | A Food Mart Inc                                                        |  | Term Loan                |  |                                                     | 06/03/14 |                 |   |  | 06/03/20     |      |   |               | 1 |   |               |  | * |                   |  |  | 9.00                | %     |  | $                                    | 0     |       |           | $ | 420 |           |  | $ | 393   |  |  | $ | 389   | 
|                                                                                |  | Hansel Batista                                                         |  | Term Loan                |  |                                                     | 02/06/14 |                 |   |  | 05/06/20     |      |   |               | 1 |   |               |  | * |                   |  |  | 9.00                | %     |  | $                                    | 0     |       |           | $ | 410 |           |  | $ | 384   |  |  | $ | 380   | 
|                                                                                |  | Fresco Bagels & Supermarket In                                         |  | Term Loan                |  |                                                     | 08/13/14 |                 |   |  | 08/13/20     |      |   |               | 1 |   |               |  | * |                   |  |  | 9.00                | %     |  | $                                    | 0     |       |           | $ | 400 |           |  | $ | 383   |  |  | $ | 379   | 
|                                                                                |  | Anthony Supermarket LLC                                                |  | Term Loan                |  |                                                     | 04/02/13 |                 |   |  | 07/02/18     |      |   |               | 1 |   |               |  | * |                   |  |  | 9.00                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 381   |  |  | $ | 378   | 
|                                                                                |  | La Conga Meat Market Inc                                               |  | Term Loan                |  |                                                     | 12/17/13 |                 |   |  | 03/17/20     |      |   |               | 1 |   |               |  | * |                   |  |  | 9.00                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 367   |  |  | $ | 363   | 
|                                                                                |  | Ar Supermarket LLC                                                     |  | Term Loan                |  |                                                     | 08/02/13 |                 |   |  | 08/02/18     |      |   |               | 1 |   |               |  | * |                   |  |  | 8.50                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 347   |  |  | $ | 344   | 
|                                                                                |  | 616 Broadway LLC                                                       |  | Term Loan                |  |                                                     | 02/10/11 |                 |   |  | 12/17/14     |      |   |               | 1 |   |               |  | * |                   |  |  | 8.50                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 307   |  |  | $ | 307   | 
|                                                                                |  | 324 Gem Meat Market Inc &                                              |  | Term Loan                |  |                                                     | 04/03/14 |                 |   |  | 07/03/19     |      |   |               | 1 |   |               |  | * |                   |  |  | 9.00                | %     |  | $                                    | 0     |       |           | $ | 410 |           |  | $ | 390   |  |  | $ | 221   | 
|                                                                                |  | F.J.P. Meat Market Inc                                                 |  | Term Loan                |  |                                                     | 02/06/12 |                 |   |  | 09/06/17     |      |   |               | 1 |   |               |  | * |                   |  |  | 9.50                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 220   |  |  | $ | 219   | 
|                                                                                |  | Drr Enterprises LLC                                                    |  | Term Loan                |  |                                                     | 10/28/08 |                 |   |  | 10/17/18     |      |   |               | 1 |   |               |  | * |                   |  |  | 10.50               | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 132   |  |  | $ | 132   | 
|                                                                                |  | Moderne Barn Wines&Spirits Inc                                         |  | Term Loan                |  |                                                     | 05/09/13 |                 |   |  | 05/09/18     |      |   |               | 1 |   |               |  | * |                   |  |  | 4.75                | %     |  | $                                    | 0     |       |           |   |     |           |  | $ | 106   |  |  | $ | 107   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2014



|                                                                                                 |  |              |  |                                                                              |  |                                                 |  |    |              |  |  |               |          |  |               |       |   |                  |   |        |                     |   |   |                                     |       |   |          |         |   |           |  |   |     |  |  |   |         |  |  |   |         | 
|------------------------------------------------------------------------------------------------ |  | ------------ |  | ---------------------------------------------------------------------------- |  | ----------------------------------------------- |  | -- | ------------ |  |  | ------------- | -------- |  | ------------- | ----- | - | ---------------- | - | ------ | ------------------- | - | - | ----------------------------------- | ----- | - | -------- | ------- | - | --------- |  | - | --- |  |  | - | ------- |  |  | - | ------- | 
|(Dollars in thousands)                                                                           |  | Obligor Name |  | Security Type(all restricted unlessotherwise
noted)                          |  | AcquisitionDate                                 |  |    | MaturityDate |  |  | No. ofInvest. |          |  | % ofNetAssets |       |   | InterestRate
(1) |   |        | CapitalizedInterest |   |   | OriginalCost of2014Acquisitions (5) |       |   | Cost (4) |         |   | FairValue | 
|                                                                                                 |  |              |  | New Era Meat Supermarket LLC                                                 |  | Term Loan                                       |  |    | 09/13/06     |  |  |               | 09/16/16 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 10.00 | % |          | $       | 0 |           |  |   |     |  |  | $ | 52      |  |  | $ | 52      | 
|                                                                                                 |  |              |  | G&C Grocery Inc &                                                            |  | Term Loan                                       |  |    | 05/19/08     |  |  |               | 08/23/15 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 16      |  |  | $ | 16      | 
|                                                                                                 |  |              |  | Julio CastiLLo &                                                             |  | Term Loan                                       |  |    | 08/18/08     |  |  |               | 03/03/15 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 9.50  | % |          | $       | 0 |           |  |   |     |  |  | $ | 13      |  |  | $ | 13      | 
|Accommodation and Food Services (18% of the total)                                               |  |              |  | Dune Deck Owners Corp ##                                                     |  | Term Loan                                       |  |    | 04/24/07     |  |  |               | 03/31/16 |  |               |       | 1 |                  |   |        | 1                   | % |   |                                     | 7.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 2,071   |  |  | $ | 2,071   | 
|                                                                                                 |  |              |  | El Mangu Sabroso Restaurant In                                               |  | Term Loan                                       |  |    | 06/06/14     |  |  |               | 09/06/19 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 9.00  | % |          | $       | 0 |           |  | $ | 375 |  |  | $ | 360     |  |  | $ | 356     | 
|                                                                                                 |  |              |  | Bistro Caterers Corporation                                                  |  | Term Loan                                       |  |    | 07/25/13     |  |  |               | 07/25/18 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 9.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 227     |  |  | $ | 226     | 
|                                                                                                 |  |              |  | El Tropico Family Rest Ii LLC &                                              |  | Term Loan                                       |  |    | 11/29/05     |  |  |               | 03/16/16 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 6.75  | % |          | $       | 0 |           |  |   |     |  |  | $ | 250     |  |  | $ | 152     | 
|Arts, Entertainment, and Recreation (3% of the total)                                            |  |              |  | Richard Petty Revocable Trust (interest rate includes PIK interest of 8.00%) |  | Term Loan                                       |  |    | 10/31/14     |  |  |               | 12/31/14 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 8.00  | % |          | $       | 3 |           |  | $ | 500 |  |  | $ | 503     |  |  | $ | 504     | 
|Real Estate and Rental and Leasing (1% of the total)                                             |  |              |  | Thursday Morning Inc                                                         |  | Term Loan                                       |  |    | 04/01/10     |  |  |               | 04/01/15 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 6.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 75      |  |  | $ | 75      | 
|                                                                                                 |  |              |  | Rala Management                                                              |  | Term Loan                                       |  |    | 04/22/99     |  |  |               | 09/01/15 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 4.75  | % |          | $       | 0 |           |  |   |     |  |  | $ | 56      |  |  | $ | 56      | 
|                                                                                                 |  |              |  | T.P. Hon LLC                                                                 |  | Term Loan                                       |  |    | 07/15/13     |  |  |               | 07/15/16 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 4.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 20      |  |  | $ | 21      | 
|Health Care and Social Assistance (1% of the total)                                              |  |              |  | Craig Feuerman M.D. P.C.                                                     |  | Term Loan                                       |  |    | 05/14/13     |  |  |               | 05/14/18 |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 7.50  | % |          | $       | 0 |           |  |   |     |  |  | $ | 109     |  |  | $ | 110     | 
|                                                                                                 |  |              |  |                                                                              |  |                                                 |  |    |              |  |  |               |          |  |               |       |   |                  |   |        |                     |   |   |                                     |       |   |          |         |   |           |  |   |     |  |  |   |         |  |  |   |         | 
|Total other secured commercial loans ($2,071 pledged as collateral under borrowing
arrangements) |  |              |  | 27                                                                           |  |                                                 |  | 6  | %            |  |  | 9.91          | %        |  | $             | 1,140 |   |                  | $ | 2,515  |                     |   | $ | 15,506                              |       |   | $        | 15,205  |  
|                                                                                                 |  |              |  |                                                                              |  |                                                 |  |    |              |  |  |               |          |  |               |       |   |                  |   |        |                     |   |   |                                     |       |   |          |         |   |           |  |   |     |  |  |   |         |  |  |   |         | 
|Total commercial loans ($4,960 pledged as collateral under borrowing arrangements)(2)            |  |              |  | 84                                                                           |  |                                                 |  | 26 | %            |  |  | 11.91         | %        |  | $             | 2,971 |   |                  | $ | 20,434 |                     |   | $ | 74,198                              |       |   | $        | 71,149  |  
|                                                                                                 |  |              |  |                                                                              |  |                                                 |  |    |              |  |  |               |          |  |               |       |   |                  |   |        |                     |   |   |                                     |       |   |          |         |   |           |  |   |     |  |  |   |         |  |  |   |         | 
|Commercial Banking                                                                               |  |              |  | Medallion Bank **                                                            |  | 100% of common stock                            |  |    | 05/16/02     |  |  |               | None     |  |               |       | 1 |                  |   |        | 46                  | % |   |                                     | 12.00 | % |          | $       | 0 |           |  |   |     |  |  | $ | 125,027 |  |  | $ | 125,027 | 
|Art Dealer                                                                                       |  |              |  | Medallion Fine Art, Inc.                                                     |  | 100% of common stock                            |  |    | 12/03/12     |  |  |               | None     |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 1,157   |  |  | $ | 1,157   | 
|Real Estate                                                                                      |  |              |  | Medallion Hamptons Holding LLC                                               |  | 100% of membership interests                    |  |    | 06/21/05     |  |  |               | None     |  |               |       | 1 |                  |   |        | 2                   | % |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 3,014   |  |  | $ | 4,400   | 
|Loan Servicing                                                                                   |  |              |  | Medallion Servicing Corp.                                                    |  | 100% of common stock                            |  |    | 11/05/10     |  |  |               | None     |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 852     |  |  | $ | 852     | 
|Professional Sports Team                                                                         |  |              |  | Lax Group LLC                                                                |  | 42% of membership interests                     |  |    | 05/23/12     |  |  |               | None     |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 349     |  |  | $ | 349     | 
|Advertising                                                                                      |  |              |  | Generation Outdoor, Inc.                                                     |  | 100% of common stock                            |  |    | 12/20/04     |  |  |               | None     |  |               |       | 1 |                  |   |        | 2                   | % |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 751     |  |  | $ | 5,063   | 
|Investment in Medallion Bank and other controlled subsidiaries, net                              |  |              |  | 6                                                                            |  |                                                 |  | 50 | %            |  |  | 11.44         | %        |  | $             | 0     |   |                  | $ | 0      |                     |   | $ | 131,150                             |       |   | $        | 136,848 |  
|                                                                                                 |  |              |  |                                                                              |  |                                                 |  |    |              |  |  |               |          |  |               |       |   |                  |   |        |                     |   |   |                                     |       |   |          |         |   |           |  |   |     |  |  |   |         |  |  |   |         | 
|Equity investments                                                                               |  |              |  |                                                                              |  |                                                 |  |    |              |  |  |               |          |  |               |       |   |                  |   |        |                     |   |   |                                     |       |   |          |         |   |           |  |   |     |  |  |   |         |  |  |   |         | 
|Commercial Finance                                                                               |  |              |  | Convergent Capital, Ltd **                                                   |  | 7% of limited partnership interest              |  |    | 07/20/07     |  |  |               | None     |  |               |       | 1 |                  |   |        | 1                   | % |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 968     |  |  | $ | 2,600   | 
|NASCAR Race Team                                                                                 |  |              |  | Medallion MotorSports, LLC                                                   |  | 75% of limited liability interest               |  |    | 11/24/10     |  |  |               | None     |  |               |       | 1 |                  |   |        | 1                   | % |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 2,054   |  |  | $ | 1,600   | 
|Banking                                                                                          |  |              |  | Bridge Bancorp Inc. **                                                       |  | *                                               |  |    | 03/30/12     |  |  |               | None     |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 76      |  |  | $ | 80      | 
|Real Estate Investment                                                                           |  |              |  | CIM Commercial Trust Corp **                                                 |  | *                                               |  |    | 12/30/10     |  |  |               | None     |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 5.84  | % |          | $       | 0 |           |  |   |     |  |  | $ | 902     |  |  | $ | 98      | 
|Appliance Recycler #                                                                             |  |              |  | Appliance Recycling Centers of America, Inc.                                 |  | 8.86% of common stock                           |  |    | 09/10/98     |  |  |               | None     |  |               |       | 2 |                  |   |        | *                   |   |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 0       |  |  | $ | 1,230   | 
|Employee Leasing Services                                                                        |  |              |  | Staff One, Inc.                                                              |  | 46.4% preferred stock                           |  |    | 06/30/08     |  |  |               | None     |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 472     |  |  | $ | 472     | 
|IT Services                                                                                      |  |              |  | Centare Holdings, Inc.                                                       |  | 7.23% of common stock, 3.88% of preferred stock |  |    | 08/30/13     |  |  |               | None     |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 103     |  |  | $ | 103     | 
|Machinery Manufacturer                                                                           |  | +            |  | Reel Power International, Inc.                                               |  | 2.65% of common stock                           |  |    | 08/04/08     |  |  |               | None     |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 318     |  |  | $ | 318     | 
|Surgical Instruments                                                                             |  |              |  | Summit Medical, Inc.                                                         |  | 9.25% of common stock                           |  |    | 11/01/10     |  |  |               | None     |  |               |       | 1 |                  |   |        | *                   |   |   |                                     | 0.00  | % |          | $       | 0 |           |  |   |     |  |  | $ | 135     |  |  | $ | 135     | 
|Stuffed Toy Manufacturer                                                                         |  |              |  | AA Plush Holdings, LLC                                                       |  | 1.6% LLC common units                           |  |    | 08/15/14     |  |  |               | 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     | 
|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, 2014



|                                                                                 |  |  |  |              |     |                                                       |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |     | 
|-------------------------------------------------------------------------------- |  |  |  | ------------ | --- | ----------------------------------------------------- |  | --------------- | --- | ------------ |  | ------------- | ---- | - | ------------- | - | ----- | ---------------- |  | - | ------------------- | - |  | ----------------------------------- | ------- |  | -------- | - | ------- | --------- |  | - | ----- |  |  | - | --- | 
|(Dollars in thousands)                                                           |  |  |  | Obligor Name |     | Security Type
(all restricted unless otherwise noted) |  | AcquisitionDate |     | MaturityDate |  | No. ofInvest. |      |   | % ofNetAssets |   |       | InterestRate
(1) |  |   | CapitalizedInterest |   |  | OriginalCost of2014Acquisitions (5) |         |  | Cost (4) |   |         | FairValue | 
|Wire Manufacturer                                                                |  |  |  | WRWP LLC     |     | 10.3% preferred LLC units, 7.23% common stock         |  | 12/30/14        |     | 12/30/19     |  |               | 1    |   |               |   | *     |                  |  |   | 0.00                | % |  | $                                   | 0       |  |          |   |         |           |  | $ | 224   |  |  | $ | 224 | 
|                                                                                 |  |  |  |              |     |                                                       |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |     | 
|Equity investments, net                                                          |  |  |  |              |     |                                                       |  |                 | 14  |              |  |               | 3    | % |               |   | 0.86  | %                |  | $ | 0                   |   |  | $                                   | 0       |  |          | $ | 6,102   |           |  | $ | 7,710 | 
|                                                                                 |  |  |  |              |     |                                                       |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |     | 
|Investment securities                                                            |  |  |  |              |     |                                                       |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |     | 
|Investment securities, net                                                       |  |  |  |              |     |                                                       |  |                 | 0   |              |  |               | 0    | % |               |   | 0.00  | %                |  | $ | 0                   |   |  | $                                   | 0       |  |          | $ | 0       |           |  | $ | 0     | 
|                                                                                 |  |  |  |              |     |                                                       |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |     | 
|Net Investments ($252,485 pledged as collateral under borrowing arrangements)(3) |  |  |  |              | 775 |                                                       |  |                 | 192 | %            |  |               | 6.97 | % |               | $ | 2,971 |                  |  | $ | 124,779             |   |  | $                                   | 522,969 |  |          | $ | 527,601 |          
|                                                                                 |  |  |  |              |     |                                                       |  |                 |     |              |  |               |      |   |               |   |       |                  |  |   |                     |   |  |                                     |         |  |          |   |         |           |  |   |       |  |  |   |     | 



|(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 $2,971 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 192%.
|--- | --------------------------------------------------------------------

|(4) | Gross unrealized appreciation, gross unrealized depreciation, and net appreciation for federal income tax purposes totaled $62,743, $5,370 and $57,373, respectively.
The tax cost of investments was $470,228.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | For revolving lines of credit the amount shown is the cost at December 31, 2014.
|--- | --------------------------------------------------------------------------------

|* | 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 25% and up to 29% 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, 2014.
|- | ------------------------------------------------------------------------------------------------