Exhibit 99.1

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                   |  |                                                  |  |                 |  |              |  |             |     |  |               |  |     |                   |  |  |                     |   |  |                                     |   |  |          |   |        |           |  |   |         |  |  |   |         | 
|---------------------- |  | --------------------------------- |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | --- |  | ------------- |  | --- | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | ------ | --------- |  | - | ------- |  |  | - | ------- | 
|(Dollars in thousands) |  | Obligor Name                      |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |     |  | % ofNetAssets |  |     | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |        | FairValue | 
|Medallion Loans        |  |                                   |  |                                                  |  |                 |  |              |  |             |     |  |               |  |     |                   |  |  |                     |   |  |                                     |   |  |          |   |        |           |  |   |         |  |  |   |         | 
|New York               |  |                                   |  |                                                  |  |                 |  |              |  |             | 484 |  |               |  | 123 | %                 |  |  | 4.52                | % |  | $                                   | 0 |  |          | $ | 27,387 |           |  | $ | 214,858 |  |  | $ | 214,985 | 
|                       |  | Lena Cab Corp ##                  |  | Term Loan                                        |  | 12/09/11        |  | 12/09/15     |  |             | 1   |  |               |  | 2   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 3,752   |  |  | $ | 3,745   | 
|                       |  | Sean Cab Corp ##                  |  | Term Loan                                        |  | 12/09/11        |  | 12/08/15     |  |             | 1   |  |               |  | 2   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 3,752   |  |  | $ | 3,745   | 
|                       |  | Real Cab Corp ##                  |  | Term Loan                                        |  | 07/20/07        |  | 07/20/17     |  |             | 1   |  |               |  | 1   | %                 |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 2,551   |  |  | $ | 2,551   | 
|                       |  | Real Cab Corp                     |  | Term Loan                                        |  | 07/20/07        |  | 07/20/17     |  |             | 1   |  |               |  | *   |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 350     |  |  | $ | 350     | 
|                       |  | Sifnos, Van-Dim, Kitriani Incs ## |  | Term Loan                                        |  | 06/08/10        |  | 06/07/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 2,577   |  |  | $ | 2,572   | 
|                       |  | Cabbo Service Corp ##             |  | Term Loan                                        |  | 09/07/10        |  | 09/07/13     |  |             | 1   |  |               |  | 1   | %                 |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,800   |  |  | $ | 1,792   | 
|                       |  | Slo Cab Corp ##                   |  | Term Loan                                        |  | 07/20/07        |  | 07/20/17     |  |             | 1   |  |               |  | 1   | %                 |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,527   |  |  | $ | 1,527   | 
|                       |  | Slo Cab Corp                      |  | Term Loan                                        |  | 07/20/07        |  | 07/20/17     |  |             | 1   |  |               |  | *   |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 210     |  |  | $ | 210     | 
|                       |  | Lety Cab Corp ##                  |  | Term Loan                                        |  | 10/21/10        |  | 10/20/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,637   |  |  | $ | 1,634   | 
|                       |  | Sandhu & Baath Inc/Note 2 Of 2 ## |  | Term Loan                                        |  | 05/10/11        |  | 05/10/14     |  |             | 1   |  |               |  | *   |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 649     |  |  | $ | 649     | 
|                       |  | Sandhu & Baath Inc/Note 1 Of 2 ## |  | Term Loan                                        |  | 05/10/11        |  | 05/10/14     |  |             | 1   |  |               |  | *   |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 647     |  |  | $ | 647     | 
|                       |  | Orys Trans Corp ##                |  | Term Loan                                        |  | 09/26/11        |  | 09/26/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,285   |  |  | $ | 1,287   | 
|                       |  | Cafe Service Co Inc ##            |  | Term Loan                                        |  | 11/09/11        |  | 11/09/16     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.40                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,267   |  |  | $ | 1,266   | 
|                       |  | Spurt Cab Corp ##                 |  | Term Loan                                        |  | 04/01/11        |  | 10/01/13     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,255   |  |  | $ | 1,257   | 
|                       |  | Bunty & Jyoti Inc ##              |  | Term Loan                                        |  | 11/22/11        |  | 11/22/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | Sonu-Seema Corp ##                |  | Term Loan                                        |  | 11/22/11        |  | 11/22/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,256   |  |  | $ | 1,255   | 
|                       |  | Januko Transit Inc ##             |  | Term Loan                                        |  | 12/09/11        |  | 12/09/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,251   |  |  | $ | 1,250   | 
|                       |  | Nancy Transit Inc ##              |  | Term Loan                                        |  | 04/06/11        |  | 04/06/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,251   |  |  | $ | 1,250   | 
|                       |  | Vichy Cab Corp ##                 |  | Term Loan                                        |  | 02/21/12        |  | 02/21/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 1,250  |           |  | $ | 1,250   |  |  | $ | 1,249   | 
|                       |  | W Mit Trans Corp ##               |  | Term Loan                                        |  | 03/22/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | Munkach Transit Inc ##            |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | Mamkale Transit Inc ##            |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | W. Vil Trans Corp ##              |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | Sabrinush Transit Inc ##          |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | Slate Cab Corp ##                 |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | Daf Cab Corp ##                   |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | Yankl Transit Inc ##              |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | Brini Transit Inc ##              |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | Sapphire Transit Inc ##           |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | Fenway Cab Corp ##                |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,248   |  |  | $ | 1,246   | 
|                       |  | Junaid Trans Corp ##              |  | Term Loan                                        |  | 03/19/12        |  | 03/19/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 1,200  |           |  | $ | 1,200   |  |  | $ | 1,202   | 
|                       |  | Ride Yellow Llc ##                |  | Term Loan                                        |  | 01/14/11        |  | 02/15/16     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,200   |  |  | $ | 1,199   | 
|                       |  | Hoyt Cab Corp ##                  |  | Term Loan                                        |  | 02/18/11        |  | 01/23/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,198   |  |  | $ | 1,197   | 
|                       |  | New Direction Cab Corp ##         |  | Term Loan                                        |  | 11/18/11        |  | 11/18/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,191   |  |  | $ | 1,195   | 
|                       |  | Corcovado Cab Corp ##             |  | Term Loan                                        |  | 09/07/10        |  | 09/03/13     |  |             | 1   |  |               |  | 1   | %                 |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,200   |  |  | $ | 1,195   | 
|                       |  | King Ed Taxi Inc ##               |  | Term Loan                                        |  | 09/07/10        |  | 09/03/13     |  |             | 1   |  |               |  | 1   | %                 |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,200   |  |  | $ | 1,195   | 
|                       |  | Dag Taxi Inc ##                   |  | Term Loan                                        |  | 09/01/10        |  | 09/01/13     |  |             | 1   |  |               |  | 1   | %                 |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,200   |  |  | $ | 1,194   | 
|                       |  | Katom Taxi Inc ##                 |  | Term Loan                                        |  | 09/01/10        |  | 09/01/13     |  |             | 1   |  |               |  | 1   | %                 |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,200   |  |  | $ | 1,194   | 
|                       |  | Merry Cab Corp ##                 |  | Term Loan                                        |  | 09/01/10        |  | 09/01/13     |  |             | 1   |  |               |  | 1   | %                 |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,200   |  |  | $ | 1,194   | 
|                       |  | Alltaxione Cab Corp ##            |  | Term Loan                                        |  | 09/26/11        |  | 09/26/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,186   |  |  | $ | 1,185   | 
|                       |  | Alltaxitwo Cab Corp ##            |  | Term Loan                                        |  | 09/26/11        |  | 09/26/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,186   |  |  | $ | 1,185   | 
|                       |  | Goodspeed Transit Inc ##          |  | Term Loan                                        |  | 11/21/11        |  | 11/21/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,181   |  |  | $ | 1,180   | 
|                       |  | Varres Inc ##                     |  | Term Loan                                        |  | 05/12/10        |  | 05/12/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.40                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,155   |  |  | $ | 1,154   | 
|                       |  | Lofos Inc ##                      |  | Term Loan                                        |  | 05/12/10        |  | 05/12/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.40                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,155   |  |  | $ | 1,154   | 
|                       |  | Rapid Taxi Corp ##                |  | Term Loan                                        |  | 05/12/10        |  | 05/12/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.40                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,155   |  |  | $ | 1,154   | 
|                       |  | Xara Inc ##                       |  | Term Loan                                        |  | 05/12/10        |  | 05/12/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.40                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,155   |  |  | $ | 1,154   | 
|                       |  | Kharkov Taxi Inc ##               |  | Term Loan                                        |  | 05/12/10        |  | 05/12/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.40                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,155   |  |  | $ | 1,154   | 
|                       |  | Trataki Inc ##                    |  | Term Loan                                        |  | 05/12/10        |  | 05/12/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.40                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,155   |  |  | $ | 1,154   | 
|                       |  | Ocean Hacking Corp ##             |  | Term Loan                                        |  | 08/17/10        |  | 08/16/13     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,153   |  |  | $ | 1,151   | 
|                       |  | Ukraine Service Co ##             |  | Term Loan                                        |  | 10/28/11        |  | 10/27/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,148   |  |  | $ | 1,147   | 
|                       |  | Lil Amandachaka Hacking Corp ##   |  | Term Loan                                        |  | 10/28/11        |  | 10/27/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,148   |  |  | $ | 1,147   | 
|                       |  | Flow Taxi Corp ##                 |  | Term Loan                                        |  | 10/28/11        |  | 10/27/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,148   |  |  | $ | 1,147   | 
|                       |  | Whats Yellow Llc ##               |  | Term Loan                                        |  | 10/15/10        |  | 10/15/12     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.80                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,145   |  |  | $ | 1,143   | 
|                       |  | Jump Service Co Inc ##            |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,140   |  |  | $ | 1,139   | 
|                       |  | Kby Taxi Inc ##                   |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,105   |  |  | $ | 1,104   | 
|                       |  | Anniversary Taxi Corp ##          |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,105   |  |  | $ | 1,104   | 
|                       |  | Daytona Hacking Corp ##           |  | Term Loan                                        |  | 10/07/11        |  | 10/07/14     |  |             | 1   |  |               |  | 1   | %                 |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,099   |  |  | $ | 1,101   | 
|                       |  | Concourse Cab Corp ##             |  | Term Loan                                        |  | 03/29/10        |  | 03/29/13     |  |             | 1   |  |               |  | 1   | %                 |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,100   |  |  | $ | 1,100   | 
|                       |  | H&M Cab Corp ##                   |  | Term Loan                                        |  | 08/24/10        |  | 01/05/15     |  |             | 1   |  |               |  | 1   | %                 |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,096   |  |  | $ | 1,094   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                |  |                                                  |  |                 |  |              |  |             |   |  |               |  |   |                   |  |  |                     |   |  |                                     |   |          |  |  |           |   |       |  |  |   |       | 
|---------------------- |  | ------------------------------ |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | - |  | ------------- |  | - | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - | -------- |  |  | --------- | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                   |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |   |  | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   | Cost (4) |  |  | FairValue |  
|                       |  | King Spring Taxi Inc ##        |  | Term Loan                                        |  | 08/24/10        |  | 01/05/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 1,096 |  |  | $ | 1,094 | 
|                       |  | Yosi Transit Inc ##            |  | Term Loan                                        |  | 07/20/07        |  | 07/20/17     |  |             | 1 |  |               |  | 1 | %                 |  |  | 6.75                | % |  | $                                   | 0 |          |  |  |           | $ | 1,018 |  |  | $ | 1,018 | 
|                       |  | Perem Hacking Corp ##          |  | Term Loan                                        |  | 10/28/11        |  | 10/27/14     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 990   |  |  | $ | 990   | 
|                       |  | M.Y. Taxi Inc ##               |  | Term Loan                                        |  | 01/06/11        |  | 01/15/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.88                | % |  | $                                   | 0 |          |  |  |           | $ | 960   |  |  | $ | 962   | 
|                       |  | Justin Hacking Corp ##         |  | Term Loan                                        |  | 09/09/08        |  | 09/09/14     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 918   |  |  | $ | 916   | 
|                       |  | Cora Hacking Corp ##           |  | Term Loan                                        |  | 08/06/10        |  | 08/05/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 909   |  |  | $ | 910   | 
|                       |  | Oyaz Hacking Corp ##           |  | Term Loan                                        |  | 08/06/10        |  | 08/05/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 909   |  |  | $ | 908   | 
|                       |  | Iddy Biddy Cab Corp ##         |  | Term Loan                                        |  | 08/06/10        |  | 08/05/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 909   |  |  | $ | 908   | 
|                       |  | Granny Hacking Corp ##         |  | Term Loan                                        |  | 08/06/10        |  | 08/05/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 909   |  |  | $ | 908   | 
|                       |  | Jbob Hacking Corp ##           |  | Term Loan                                        |  | 08/06/10        |  | 08/05/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 909   |  |  | $ | 908   | 
|                       |  | Malcolm Hacking Corp ##        |  | Term Loan                                        |  | 08/06/10        |  | 08/05/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 909   |  |  | $ | 908   | 
|                       |  | Global Agami Cab Llc ##        |  | Term Loan                                        |  | 02/22/11        |  | 02/01/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.35                | % |  | $                                   | 0 |          |  |  |           | $ | 905   |  |  | $ | 904   | 
|                       |  | Planet Agami Cab Llc ##        |  | Term Loan                                        |  | 02/22/11        |  | 02/01/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.35                | % |  | $                                   | 0 |          |  |  |           | $ | 905   |  |  | $ | 904   | 
|                       |  | Network Agami Cab Corp ##      |  | Term Loan                                        |  | 02/22/11        |  | 02/01/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.35                | % |  | $                                   | 0 |          |  |  |           | $ | 905   |  |  | $ | 904   | 
|                       |  | Universal Agami Transit Inc ## |  | Term Loan                                        |  | 02/22/11        |  | 02/01/15     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.35                | % |  | $                                   | 0 |          |  |  |           | $ | 905   |  |  | $ | 904   | 
|                       |  | Abbel Cab Corp ##              |  | Term Loan                                        |  | 10/15/10        |  | 10/15/12     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.80                | % |  | $                                   | 0 |          |  |  |           | $ | 894   |  |  | $ | 892   | 
|                       |  | Neutron Transit Llc ##         |  | Term Loan                                        |  | 10/16/06        |  | 10/16/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 890   | 
|                       |  | Proton Transit Llc ##          |  | Term Loan                                        |  | 10/16/06        |  | 10/16/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 890   | 
|                       |  | Quark Transit Llc ##           |  | Term Loan                                        |  | 10/16/06        |  | 10/16/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 890   | 
|                       |  | Rechargeable Transit Llc ##    |  | Term Loan                                        |  | 10/16/06        |  | 10/16/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 890   | 
|                       |  | Kinetic Transit Llc ##         |  | Term Loan                                        |  | 10/31/06        |  | 10/31/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 890   | 
|                       |  | Lowvolt Transit Llc ##         |  | Term Loan                                        |  | 10/31/06        |  | 10/31/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 890   | 
|                       |  | Mixfuel Transit Llc ##         |  | Term Loan                                        |  | 10/31/06        |  | 10/31/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 890   | 
|                       |  | Hybrid Transit Llc ##          |  | Term Loan                                        |  | 10/23/06        |  | 10/23/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 2.67                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 888   | 
|                       |  | Isotope Transit Llc ##         |  | Term Loan                                        |  | 10/31/06        |  | 10/31/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 888   | 
|                       |  | Juiced Transit Llc ##          |  | Term Loan                                        |  | 10/31/06        |  | 10/31/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 888   | 
|                       |  | Composite Transit Llc ##       |  | Term Loan                                        |  | 11/03/06        |  | 11/03/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 888   | 
|                       |  | Blend Transit Llc ##           |  | Term Loan                                        |  | 11/03/06        |  | 11/03/16     |  |             | 1 |  |               |  | 1 | %                 |  |  | 3.00                | % |  | $                                   | 0 |          |  |  |           | $ | 890   |  |  | $ | 888   | 
|                       |  | Five Kids Trans Llc ##         |  | Term Loan                                        |  | 10/15/10        |  | 10/15/12     |  |             | 1 |  |               |  | 1 | %                 |  |  | 4.80                | % |  | $                                   | 0 |          |  |  |           | $ | 877   |  |  | $ | 875   | 
|                       |  | Havana Affair Cab Corp ##      |  | Term Loan                                        |  | 10/08/10        |  | 09/30/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 870   |  |  | $ | 869   | 
|                       |  | Idiot Wind Cab Corp ##         |  | Term Loan                                        |  | 10/08/10        |  | 09/30/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 870   |  |  | $ | 869   | 
|                       |  | Go Boy Cab Corp ##             |  | Term Loan                                        |  | 10/08/10        |  | 09/30/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 870   |  |  | $ | 869   | 
|                       |  | Holdem Cab Corp ##             |  | Term Loan                                        |  | 10/08/10        |  | 09/30/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.50                | % |  | $                                   | 0 |          |  |  |           | $ | 870   |  |  | $ | 869   | 
|                       |  | Magic Cab Corp ##              |  | Term Loan                                        |  | 04/21/10        |  | 04/21/13     |  |             | 1 |  |               |  | * |                   |  |  | 4.80                | % |  | $                                   | 0 |          |  |  |           | $ | 817   |  |  | $ | 816   | 
|                       |  | Ming Trans Corp ##             |  | Term Loan                                        |  | 07/07/11        |  | 07/06/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.60                | % |  | $                                   | 0 |          |  |  |           | $ | 816   |  |  | $ | 816   | 
|                       |  | Gaultier Hacking Corp ##       |  | Term Loan                                        |  | 07/30/10        |  | 07/30/12     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |          |  |  |           | $ | 792   |  |  | $ | 791   | 
|                       |  | Sisters Trans Inc ##           |  | Term Loan                                        |  | 10/15/10        |  | 10/06/12     |  |             | 1 |  |               |  | * |                   |  |  | 4.80                | % |  | $                                   | 0 |          |  |  |           | $ | 773   |  |  | $ | 774   | 
|                       |  | Fly By Night Trans Inc ##      |  | Term Loan                                        |  | 10/15/10        |  | 10/06/12     |  |             | 1 |  |               |  | * |                   |  |  | 4.80                | % |  | $                                   | 0 |          |  |  |           | $ | 769   |  |  | $ | 770   | 
|                       |  | Bliss Cab Corp ##              |  | Term Loan                                        |  | 10/21/10        |  | 10/20/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 768   |  |  | $ | 767   | 
|                       |  | 1212 Taxi Llc ##               |  | Term Loan                                        |  | 01/06/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |          |  |  |           | $ | 750   |  |  | $ | 752   | 
|                       |  | Sincere Cab Corp ##            |  | Term Loan                                        |  | 06/21/11        |  | 06/21/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |          |  |  |           | $ | 745   |  |  | $ | 745   | 
|                       |  | Hot Wheels Taxi Llc ##         |  | Term Loan                                        |  | 01/11/11        |  | 02/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |          |  |  |           | $ | 743   |  |  | $ | 743   | 
|                       |  | Marian Cab Corp ##             |  | Term Loan                                        |  | 09/01/10        |  | 09/01/15     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |          |  |  |           | $ | 725   |  |  | $ | 725   | 
|                       |  | Robell Hacking Corp ##         |  | Term Loan                                        |  | 10/26/11        |  | 10/26/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 708   |  |  | $ | 708   | 
|                       |  | Jean Pierre Trans Inc ##       |  | Term Loan                                        |  | 10/21/10        |  | 10/20/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 694   |  |  | $ | 695   | 
|                       |  | Cfn Cab Corp ##                |  | Term Loan                                        |  | 10/21/10        |  | 10/20/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 694   |  |  | $ | 693   | 
|                       |  | Miklos Hacking Corp ##         |  | Term Loan                                        |  | 10/21/10        |  | 10/20/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 689   |  |  | $ | 688   | 
|                       |  | Yme Transit Inc ##             |  | Term Loan                                        |  | 09/09/11        |  | 09/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 644   |  |  | $ | 648   | 
|                       |  | Serob Taxi Inc ##              |  | Term Loan                                        |  | 07/01/10        |  | 07/01/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |          |  |  |           | $ | 611   |  |  | $ | 610   | 
|                       |  | Oradeanul Taxi Corp            |  | Term Loan                                        |  | 11/14/11        |  | 11/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |          |  |  |           | $ | 590   |  |  | $ | 595   | 
|                       |  | Birk Cab Corp                  |  | Term Loan                                        |  | 11/04/11        |  | 11/04/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |          |  |  |           | $ | 585   |  |  | $ | 590   | 
|                       |  | Jasvinder Chhoker + Dam Singh  |  | Term Loan                                        |  | 11/10/11        |  | 11/10/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |          |  |  |           | $ | 581   |  |  | $ | 586   | 
|                       |  | Bhai Bhai Taxi Corp            |  | Term Loan                                        |  | 06/02/11        |  | 06/02/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.35                | % |  | $                                   | 0 |          |  |  |           | $ | 582   |  |  | $ | 584   | 
|                       |  | Nelsk Taxi Inc ##              |  | Term Loan                                        |  | 08/10/10        |  | 08/10/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.30                | % |  | $                                   | 0 |          |  |  |           | $ | 581   |  |  | $ | 580   | 
|                       |  | Muhammad Saqib ##              |  | Term Loan                                        |  | 10/04/11        |  | 10/04/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |          |  |  |           | $ | 573   |  |  | $ | 576   | 
|                       |  | Jaswinder Sharma ##            |  | Term Loan                                        |  | 11/02/11        |  | 11/02/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |          |  |  |           | $ | 568   |  |  | $ | 571   | 
|                       |  | Btr Taxi Inc ##                |  | Term Loan                                        |  | 07/05/11        |  | 07/05/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.63                | % |  | $                                   | 0 |          |  |  |           | $ | 567   |  |  | $ | 568   | 
|                       |  | Albro Hacking, Corp. ##        |  | Term Loan                                        |  | 10/21/10        |  | 10/20/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |          |  |  |           | $ | 564   |  |  | $ | 565   | 
|                       |  | Corsi Cab Corp ##              |  | Term Loan                                        |  | 06/21/11        |  | 06/21/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |          |  |  |           | $ | 559   |  |  | $ | 560   | 
|                       |  | Anba Taxi Inc ##               |  | Term Loan                                        |  | 06/21/11        |  | 06/21/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |          |  |  |           | $ | 559   |  |  | $ | 560   | 
|                       |  | Mongerry Hacking Cor ##        |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |          |  |  |           | $ | 553   |  |  | $ | 554   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                   |  |                                                  |  |                 |  |              |  |             |   |  |               |  |   |                   |  |  |                     |   |  |                                     |   |  |          |   |     |           |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | - |  | ------------- |  | - | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | --- | --------- |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |   |  | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Angelita Transit Inc/Note 2 ##    |  | Term Loan                                        |  | 04/22/10        |  | 03/16/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 554 |  |  | $ | 553 | 
|                       |  | Rafi Mohammad ##                  |  | Term Loan                                        |  | 12/07/11        |  | 12/07/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 552 |  |  | $ | 552 | 
|                       |  | Georges Salomon                   |  | Term Loan                                        |  | 03/23/12        |  | 03/23/15     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          | $ | 550 |           |  | $ | 550 |  |  | $ | 552 | 
|                       |  | Samy Baddar ##                    |  | Term Loan                                        |  | 03/26/12        |  | 03/26/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 550 |           |  | $ | 550 |  |  | $ | 551 | 
|                       |  | Lesly Jeanjoseph ##               |  | Term Loan                                        |  | 12/20/11        |  | 12/20/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 547 |  |  | $ | 549 | 
|                       |  | Ptah Cab Corp ##                  |  | Term Loan                                        |  | 05/25/11        |  | 06/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 548 |  |  | $ | 549 | 
|                       |  | Eugenio & Ayodele Trans Corp      |  | Term Loan                                        |  | 10/14/10        |  | 10/14/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 550 |  |  | $ | 548 | 
|                       |  | Karamjit Panchhi ##               |  | Term Loan                                        |  | 11/21/11        |  | 11/21/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 546 |  |  | $ | 547 | 
|                       |  | Fido Cab Corp ##                  |  | Term Loan                                        |  | 09/09/11        |  | 09/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 545 |  |  | $ | 546 | 
|                       |  | Gilberto Barrera ##               |  | Term Loan                                        |  | 06/15/11        |  | 06/15/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 546 |  |  | $ | 545 | 
|                       |  | Leo P. Roland ##                  |  | Term Loan                                        |  | 11/10/11        |  | 11/10/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 541 |  |  | $ | 542 | 
|                       |  | Amjad Abbas                       |  | Term Loan                                        |  | 06/02/11        |  | 06/05/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 541 |  |  | $ | 540 | 
|                       |  | Sushil Maggoo ##                  |  | Term Loan                                        |  | 09/14/11        |  | 09/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 538 |  |  | $ | 540 | 
|                       |  | Edgard A Donado ##                |  | Term Loan                                        |  | 02/17/11        |  | 02/17/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 540 |  |  | $ | 539 | 
|                       |  | Mohammed Hossen & Abrar Hanif     |  | Term Loan                                        |  | 08/11/11        |  | 08/11/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 531 |  |  | $ | 535 | 
|                       |  | My Sarah Cab Corp ##              |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 534 |  |  | $ | 535 | 
|                       |  | Carmay Latendresse                |  | Term Loan                                        |  | 01/18/12        |  | 01/18/15     |  |             | 1 |  |               |  | * |                   |  |  | 5.88                | % |  | $                                   | 0 |  |          | $ | 536 |           |  | $ | 534 |  |  | $ | 533 | 
|                       |  | Humberto Ontaneda ##              |  | Term Loan                                        |  | 03/05/12        |  | 03/05/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 525 |           |  | $ | 525 |  |  | $ | 529 | 
|                       |  | Joseph Paul Desir                 |  | Term Loan                                        |  | 04/08/11        |  | 04/08/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 526 |  |  | $ | 528 | 
|                       |  | Abdelhakim A. Ibrahim             |  | Term Loan                                        |  | 12/28/10        |  | 12/28/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 527 |  |  | $ | 528 | 
|                       |  | Jacques A Petion                  |  | Term Loan                                        |  | 02/08/11        |  | 02/08/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 527 |  |  | $ | 527 | 
|                       |  | Wisly Noel                        |  | Term Loan                                        |  | 03/17/11        |  | 03/17/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 524 |  |  | $ | 526 | 
|                       |  | Marcnance Morency                 |  | Term Loan                                        |  | 09/09/11        |  | 09/09/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 526 |  |  | $ | 525 | 
|                       |  | Balwinder Singh ##                |  | Term Loan                                        |  | 10/19/11        |  | 10/19/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 523 |  |  | $ | 524 | 
|                       |  | M Irshad Chaudhry & Mhd Ramzan ## |  | Term Loan                                        |  | 03/21/11        |  | 03/21/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 524 |  |  | $ | 524 | 
|                       |  | Ulrick Racine ##                  |  | Term Loan                                        |  | 04/22/11        |  | 04/22/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 522 |  |  | $ | 523 | 
|                       |  | Amr Aly Shafshak ##               |  | Term Loan                                        |  | 06/22/11        |  | 06/22/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 524 |  |  | $ | 523 | 
|                       |  | Mukhtiar Singh ##                 |  | Term Loan                                        |  | 11/22/11        |  | 11/22/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 522 |  |  | $ | 523 | 
|                       |  | Avtar Singh ##                    |  | Term Loan                                        |  | 11/22/11        |  | 11/22/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 521 |  |  | $ | 522 | 
|                       |  | Marco V Guerrero                  |  | Term Loan                                        |  | 12/22/11        |  | 12/22/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 520 |  |  | $ | 522 | 
|                       |  | Ilker Altaygil ##                 |  | Term Loan                                        |  | 05/11/11        |  | 05/11/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 521 |  |  | $ | 522 | 
|                       |  | Rafael Kikirov ##                 |  | Term Loan                                        |  | 10/13/11        |  | 10/13/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 520 |  |  | $ | 521 | 
|                       |  | Roudy Moliere &Jean B Letang ##   |  | Term Loan                                        |  | 08/18/11        |  | 08/18/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 518 |  |  | $ | 520 | 
|                       |  | Marc C Bastien ##                 |  | Term Loan                                        |  | 11/02/11        |  | 11/02/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 518 |  |  | $ | 520 | 
|                       |  | Erwich Chery                      |  | Term Loan                                        |  | 06/17/11        |  | 06/17/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 517 |  |  | $ | 519 | 
|                       |  | Joseph R Jean ##                  |  | Term Loan                                        |  | 10/17/11        |  | 10/17/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 518 |  |  | $ | 519 | 
|                       |  | Shanu Miah                        |  | Term Loan                                        |  | 03/24/11        |  | 03/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 520 |  |  | $ | 518 | 
|                       |  | Arcange J Dangervil ##            |  | Term Loan                                        |  | 09/06/11        |  | 09/06/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 518 |  |  | $ | 518 | 
|                       |  | Jasvir S Dhaliwal ##              |  | Term Loan                                        |  | 11/29/11        |  | 11/29/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 520 |  |  | $ | 518 | 
|                       |  | Strivers Way Inc                  |  | Term Loan                                        |  | 03/21/11        |  | 03/21/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 515 |  |  | $ | 517 | 
|                       |  | Headway Transportation Inc        |  | Term Loan                                        |  | 03/22/11        |  | 03/22/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 515 |  |  | $ | 517 | 
|                       |  | Malkiat S Multani                 |  | Term Loan                                        |  | 06/01/11        |  | 06/09/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 514 |  |  | $ | 516 | 
|                       |  | Frantz Louhis & Joseph Paul ##    |  | Term Loan                                        |  | 02/17/11        |  | 02/17/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 513 |  |  | $ | 515 | 
|                       |  | Harminder Singh & Harjinder Si ## |  | Term Loan                                        |  | 03/22/11        |  | 03/22/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 517 |  |  | $ | 515 | 
|                       |  | Larry Westen ##                   |  | Term Loan                                        |  | 09/30/11        |  | 09/30/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 512 |  |  | $ | 512 | 
|                       |  | Joseph Jean ##                    |  | Term Loan                                        |  | 03/14/12        |  | 03/14/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 510 |           |  | $ | 510 |  |  | $ | 510 | 
|                       |  | Alexander Vizueta ##              |  | Term Loan                                        |  | 11/15/11        |  | 11/15/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 508 |  |  | $ | 510 | 
|                       |  | Kang & Dhillon Taxi Inc ##        |  | Term Loan                                        |  | 12/03/10        |  | 12/03/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.35                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 507 |  |  | $ | 509 | 
|                       |  | Louis A Alphonse ##               |  | Term Loan                                        |  | 12/05/11        |  | 12/05/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 510 |  |  | $ | 509 | 
|                       |  | Prem Singh & Manjeet Kaur ##      |  | Term Loan                                        |  | 01/28/11        |  | 01/28/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 507 |  |  | $ | 507 | 
|                       |  | Joseph B Luxama ##                |  | Term Loan                                        |  | 06/16/11        |  | 06/16/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 505 |  |  | $ | 504 | 
|                       |  | Sing-Fai Chan                     |  | Term Loan                                        |  | 09/24/10        |  | 09/24/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 503 |  |  | $ | 504 | 
|                       |  | Ronak Singh ##                    |  | Term Loan                                        |  | 01/11/12        |  | 01/11/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          | $ | 506 |           |  | $ | 502 |  |  | $ | 501 | 
|                       |  | Binh Pham ##                      |  | Term Loan                                        |  | 09/09/10        |  | 09/09/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 502 |  |  | $ | 500 | 
|                       |  | Avtar Singh ##                    |  | Term Loan                                        |  | 09/23/11        |  | 09/27/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 502 |  |  | $ | 500 | 
|                       |  | Preslert Louis                    |  | Term Loan                                        |  | 03/23/12        |  | 03/23/15     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          | $ | 498 |           |  | $ | 498 |  |  | $ | 500 | 
|                       |  | Mian Cab Corp ##                  |  | Term Loan                                        |  | 02/02/11        |  | 02/02/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 499 |  |  | $ | 499 | 
|                       |  | Turgut Duman ##                   |  | Term Loan                                        |  | 12/10/10        |  | 12/10/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 497 |  |  | $ | 499 | 
|                       |  | Mohammad A Parvaiz ##             |  | Term Loan                                        |  | 05/26/11        |  | 05/26/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.95                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 492 |  |  | $ | 495 | 
|                       |  | Zhi Li Peng                       |  | Term Loan                                        |  | 03/24/11        |  | 03/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 493 |  |  | $ | 495 | 
|                       |  | Joseph Gerard Pierre              |  | Term Loan                                        |  | 04/08/11        |  | 04/08/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 493 |  |  | $ | 494 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                   |  |                                                  |  |                 |  |              |  |             |   |  |               |  |   |                   |  |  |                     |   |  |                                     |   |  |          |   |     |           |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | - |  | ------------- |  | - | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | --- | --------- |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |   |  | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Brunel Paul & Chrislorme Paul ##  |  | Term Loan                                        |  | 06/30/11        |  | 06/30/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 489 |  |  | $ | 491 | 
|                       |  | Michael Avitan ##                 |  | Term Loan                                        |  | 07/19/11        |  | 07/19/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 491 |  |  | $ | 490 | 
|                       |  | Pierre Goguin Joseph              |  | Term Loan                                        |  | 05/20/10        |  | 05/20/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 489 |  |  | $ | 490 | 
|                       |  | Parvinder Singh ##                |  | Term Loan                                        |  | 02/16/11        |  | 02/16/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 488 |  |  | $ | 488 | 
|                       |  | Rousseau Ductan ##                |  | Term Loan                                        |  | 12/22/11        |  | 12/22/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 489 |  |  | $ | 487 | 
|                       |  | Gustavo E Cabrejos ##             |  | Term Loan                                        |  | 04/04/11        |  | 04/04/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 483 |  |  | $ | 484 | 
|                       |  | Amr & Rina Taxi Inc ##            |  | Term Loan                                        |  | 06/17/11        |  | 06/17/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 481 |  |  | $ | 483 | 
|                       |  | Rafael A Pena ##                  |  | Term Loan                                        |  | 02/28/12        |  | 02/28/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 482 |           |  | $ | 481 |  |  | $ | 482 | 
|                       |  | Jordan O Ohene ##                 |  | Term Loan                                        |  | 11/05/10        |  | 11/05/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 478 |  |  | $ | 479 | 
|                       |  | Jened Cab Corp ##                 |  | Term Loan                                        |  | 03/13/12        |  | 01/13/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 477 |           |  | $ | 477 |  |  | $ | 478 | 
|                       |  | Brunet Lucas ##                   |  | Term Loan                                        |  | 09/29/10        |  | 09/29/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 477 |  |  | $ | 477 | 
|                       |  | Ahmed Elsayed ##                  |  | Term Loan                                        |  | 08/01/11        |  | 08/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 478 |  |  | $ | 477 | 
|                       |  | Atef A Khalil                     |  | Term Loan                                        |  | 04/15/11        |  | 04/15/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 472 |  |  | $ | 474 | 
|                       |  | Eli Parada ##                     |  | Term Loan                                        |  | 01/20/12        |  | 01/20/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          | $ | 476 |           |  | $ | 474 |  |  | $ | 472 | 
|                       |  | Charanjeet Kaur & Manjit Singh ## |  | Term Loan                                        |  | 10/07/10        |  | 03/01/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 471 |  |  | $ | 471 | 
|                       |  | Abu H Shawkat                     |  | Term Loan                                        |  | 03/12/10        |  | 03/12/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.60                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 469 |  |  | $ | 470 | 
|                       |  | Roland Eusebe & Naomi Charles     |  | Term Loan                                        |  | 03/17/11        |  | 03/17/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 468 |  |  | $ | 468 | 
|                       |  | Eustache Romain ##                |  | Term Loan                                        |  | 10/25/10        |  | 10/25/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 466 |  |  | $ | 466 | 
|                       |  | Nobert Auguste                    |  | Term Loan                                        |  | 04/12/10        |  | 04/12/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 464 |  |  | $ | 465 | 
|                       |  | Albert A Agyemang ##              |  | Term Loan                                        |  | 08/25/11        |  | 08/25/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.70                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 464 |  |  | $ | 465 | 
|                       |  | David Mashkabov ##                |  | Term Loan                                        |  | 10/26/11        |  | 10/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 464 |  |  | $ | 463 | 
|                       |  | Harold Torres ##                  |  | Term Loan                                        |  | 07/29/10        |  | 07/29/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 462 |  |  | $ | 463 | 
|                       |  | Mohammed F Munir ##               |  | Term Loan                                        |  | 02/11/11        |  | 02/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 459 |  |  | $ | 461 | 
|                       |  | Tamimu Aliu ##                    |  | Term Loan                                        |  | 06/07/10        |  | 06/07/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 461 |  |  | $ | 461 | 
|                       |  | Parkash Taxi Inc ##               |  | Term Loan                                        |  | 08/09/10        |  | 08/09/13     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 458 |  |  | $ | 456 | 
|                       |  | Patrick Sattaur ##                |  | Term Loan                                        |  | 11/18/11        |  | 11/18/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 453 |  |  | $ | 454 | 
|                       |  | Ranjit Singh ##                   |  | Term Loan                                        |  | 02/16/12        |  | 02/16/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          | $ | 451 |           |  | $ | 450 |  |  | $ | 453 | 
|                       |  | Momar Diagne ##                   |  | Term Loan                                        |  | 08/25/11        |  | 08/25/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 449 |  |  | $ | 450 | 
|                       |  | Olmedo Nocua ##                   |  | Term Loan                                        |  | 01/21/11        |  | 01/21/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 448 |  |  | $ | 450 | 
|                       |  | Aminder Pal Singh                 |  | Term Loan                                        |  | 02/27/12        |  | 02/27/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 447 |           |  | $ | 446 |  |  | $ | 448 | 
|                       |  | Gonel Seraphin & Evelyne Serap ## |  | Term Loan                                        |  | 12/09/11        |  | 12/09/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 448 |  |  | $ | 446 | 
|                       |  | Eduard Neyman ##                  |  | Term Loan                                        |  | 11/09/11        |  | 11/09/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 445 |  |  | $ | 446 | 
|                       |  | Spyridon Tzorzis ##               |  | Term Loan                                        |  | 01/18/12        |  | 01/18/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 448 |           |  | $ | 445 |  |  | $ | 444 | 
|                       |  | Rossini F Celestin                |  | Term Loan                                        |  | 10/09/09        |  | 10/09/12     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 441 |  |  | $ | 441 | 
|                       |  | Guy Merisier ##                   |  | Term Loan                                        |  | 06/30/11        |  | 06/30/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 439 |  |  | $ | 440 | 
|                       |  | Chamkor Cab Corp ##               |  | Term Loan                                        |  | 12/16/09        |  | 06/30/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 440 |  |  | $ | 439 | 
|                       |  | Jacob Kuruvilla ##                |  | Term Loan                                        |  | 11/11/09        |  | 11/15/12     |  |             | 1 |  |               |  | * |                   |  |  | 5.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 437 |  |  | $ | 436 | 
|                       |  | Mario Nisthauz ##                 |  | Term Loan                                        |  | 03/24/10        |  | 03/24/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 436 |  |  | $ | 434 | 
|                       |  | Daca Taxi Inc ##                  |  | Term Loan                                        |  | 06/02/11        |  | 06/02/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.38                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 431 |  |  | $ | 432 | 
|                       |  | Gurmeet Singh ##                  |  | Term Loan                                        |  | 06/21/11        |  | 06/21/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 430 |  |  | $ | 431 | 
|                       |  | Shubal C Ghose ##                 |  | Term Loan                                        |  | 09/23/10        |  | 09/23/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 430 |  |  | $ | 430 | 
|                       |  | Julio Farfan ##                   |  | Term Loan                                        |  | 08/03/11        |  | 08/03/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 423 |  |  | $ | 425 | 
|                       |  | Neomi & Z Taxi Inc ##             |  | Term Loan                                        |  | 01/06/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 422 |  |  | $ | 424 | 
|                       |  | Saba Moshe Taxi Inc ##            |  | Term Loan                                        |  | 01/06/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 422 |  |  | $ | 424 | 
|                       |  | Mtr Taxi Inc ##                   |  | Term Loan                                        |  | 01/06/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 422 |  |  | $ | 424 | 
|                       |  | Maya Taxi Inc ##                  |  | Term Loan                                        |  | 01/06/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 422 |  |  | $ | 424 | 
|                       |  | M&J Taxi Inc ##                   |  | Term Loan                                        |  | 01/06/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 422 |  |  | $ | 424 | 
|                       |  | Man Singh ##                      |  | Term Loan                                        |  | 01/19/12        |  | 01/19/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          | $ | 421 |           |  | $ | 419 |  |  | $ | 420 | 
|                       |  | Bucur Express Cab Corp ##         |  | Term Loan                                        |  | 06/02/11        |  | 06/02/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.38                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 414 |  |  | $ | 415 | 
|                       |  | Crossbow Taxi Inc ##              |  | Term Loan                                        |  | 01/17/12        |  | 01/17/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          | $ | 412 |           |  | $ | 411 |  |  | $ | 412 | 
|                       |  | King D Taxi Inc ##              |  | Term Loan                                        |  | 01/17/12        |  | 01/17/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          | $ | 412 |           |  | $ | 411 |  |  | $ | 412 | 
|                       |  | King Verin Taxi Inc ##            |  | Term Loan                                        |  | 01/17/12        |  | 01/17/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          | $ | 412 |           |  | $ | 411 |  |  | $ | 412 | 
|                       |  | Petia Cab Corporation ##          |  | Term Loan                                        |  | 01/17/12        |  | 01/17/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          | $ | 412 |           |  | $ | 411 |  |  | $ | 412 | 
|                       |  | Run Service Corp ##               |  | Term Loan                                        |  | 01/17/12        |  | 01/17/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          | $ | 412 |           |  | $ | 411 |  |  | $ | 412 | 
|                       |  | Nautilus Service Cor ##           |  | Term Loan                                        |  | 01/17/12        |  | 01/17/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          | $ | 412 |           |  | $ | 411 |  |  | $ | 412 | 
|                       |  | Cleopatra Cab Corp ##             |  | Term Loan                                        |  | 01/17/12        |  | 01/17/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          | $ | 412 |           |  | $ | 411 |  |  | $ | 412 | 
|                       |  | Dady Hamel ##                     |  | Term Loan                                        |  | 04/16/09        |  | 12/22/13     |  |             | 1 |  |               |  | * |                   |  |  | 3.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 412 |  |  | $ | 411 | 
|                       |  | Frands Fequiere ##                |  | Term Loan                                        |  | 01/26/11        |  | 01/25/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.20                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 410 |  |  | $ | 411 | 
|                       |  | Manuel F Pena ##                  |  | Term Loan                                        |  | 04/01/11        |  | 04/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 410 |  |  | $ | 411 | 
|                       |  | Pierre Chery ##                   |  | Term Loan                                        |  | 10/20/11        |  | 10/20/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 406 |  |  | $ | 405 | 
|                       |  | I&I Cab Corp ##                   |  | Term Loan                                        |  | 10/06/11        |  | 10/05/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 399 |  |  | $ | 403 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                   |  |                                                  |  |                 |  |              |  |             |   |  |               |  |   |                   |  |  |                     |   |  |                                     |   |  |          |   |     |           |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | - |  | ------------- |  | - | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | --- | --------- |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |   |  | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Anthony Okyere Duah ##            |  | Term Loan                                        |  | 06/10/11        |  | 06/10/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 401 |  |  | $ | 402 | 
|                       |  | Y Joey Taxi Inc ##                |  | Term Loan                                        |  | 01/06/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 400 |  |  | $ | 402 | 
|                       |  | N & B Taxi Inc ##                 |  | Term Loan                                        |  | 06/24/11        |  | 06/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 400 |  |  | $ | 401 | 
|                       |  | Luis E Perez ##                   |  | Term Loan                                        |  | 04/13/11        |  | 04/13/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 392 |  |  | $ | 393 | 
|                       |  | Ruckman Hacking Corp ##           |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 390 |  |  | $ | 391 | 
|                       |  | Geraldine Hacking Co ##           |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 389 |  |  | $ | 390 | 
|                       |  | Ny Berts Cab Corp ##              |  | Term Loan                                        |  | 09/15/10        |  | 09/15/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 387 |  |  | $ | 387 | 
|                       |  | Avner Ben-Levy ##                 |  | Term Loan                                        |  | 12/05/11        |  | 12/05/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 378 |  |  | $ | 381 | 
|                       |  | Pierre Jeune ##                   |  | Term Loan                                        |  | 07/21/11        |  | 07/21/15     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 380 |  |  | $ | 380 | 
|                       |  | Elsayed A Hassan ##               |  | Term Loan                                        |  | 11/28/11        |  | 11/28/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 377 |  |  | $ | 378 | 
|                       |  | Joseph L Flovel ##                |  | Term Loan                                        |  | 04/09/09        |  | 04/09/12     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 377 |  |  | $ | 376 | 
|                       |  | Magloire David                    |  | Term Loan                                        |  | 01/06/10        |  | 01/06/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 376 |  |  | $ | 376 | 
|                       |  | Tarafdar Abul & Tarafdar Luthf    |  | Term Loan                                        |  | 08/13/10        |  | 08/13/13     |  |             | 1 |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 374 |  |  | $ | 375 | 
|                       |  | Fernande Paul Cab Corp            |  | Term Loan                                        |  | 04/26/11        |  | 04/26/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 370 |  |  | $ | 371 | 
|                       |  | Nour-Ditmars Zamalek Corp ##      |  | Term Loan                                        |  | 04/01/11        |  | 04/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 370 |  |  | $ | 371 | 
|                       |  | Lelio Bresier & Jeanne Bresier ## |  | Term Loan                                        |  | 04/01/11        |  | 04/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 368 |  |  | $ | 370 | 
|                       |  | Shah M Rahman ##                  |  | Term Loan                                        |  | 08/15/11        |  | 08/15/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 370 |  |  | $ | 369 | 
|                       |  | Jacques Desrosiers                |  | Term Loan                                        |  | 09/05/07        |  | 04/24/12     |  |             | 1 |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 368 |  |  | $ | 368 | 
|                       |  | Hasina Farazi And Rafiul Faraz ## |  | Term Loan                                        |  | 08/13/09        |  | 08/13/12     |  |             | 1 |  |               |  | * |                   |  |  | 6.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 368 |  |  | $ | 367 | 
|                       |  | Rahul Amin ##                     |  | Term Loan                                        |  | 03/25/09        |  | Matured      |  |             | 1 |  |               |  | * |                   |  |  | 5.90                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 366 |  |  | $ | 365 | 
|                       |  | Vosiem Hacking Corp ##            |  | Term Loan                                        |  | 09/09/11        |  | 09/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 356 |  |  | $ | 358 | 
|                       |  | Ilias Karanikolas ##              |  | Term Loan                                        |  | 11/08/11        |  | 11/08/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 352 |  |  | $ | 354 | 
|                       |  | Alexander A Malamud ##            |  | Term Loan                                        |  | 04/20/11        |  | 05/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 353 |  |  | $ | 354 | 
|                       |  | Carlot Dalce ##                   |  | Term Loan                                        |  | 11/15/10        |  | 11/15/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 346 |  |  | $ | 347 | 
|                       |  | Pierre Cadet ##                   |  | Term Loan                                        |  | 03/18/10        |  | 03/18/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 345 |  |  | $ | 346 | 
|                       |  | Gerard G Tema ##                  |  | Term Loan                                        |  | 12/06/10        |  | 12/06/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 339 |  |  | $ | 341 | 
|                       |  | Santokh Bangay ##                 |  | Term Loan                                        |  | 09/14/09        |  | 08/28/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 337 |  |  | $ | 336 | 
|                       |  | Jean A. Alexandre ##              |  | Term Loan                                        |  | 12/12/11        |  | 12/12/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 333 |  |  | $ | 332 | 
|                       |  | Essa & Soliman Transit Inc ##     |  | Term Loan                                        |  | 05/29/08        |  | 12/06/13     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 331 |  |  | $ | 329 | 
|                       |  | Medora Moreira &Juan Mendoza ##   |  | Term Loan                                        |  | 02/18/11        |  | 02/18/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 327 |  |  | $ | 328 | 
|                       |  | Abdullah Zivali ##                |  | Term Loan                                        |  | 03/01/12        |  | 03/01/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          | $ | 325 |           |  | $ | 325 |  |  | $ | 327 | 
|                       |  | Rehmet Khan ##                    |  | Term Loan                                        |  | 03/04/11        |  | 03/04/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 323 |  |  | $ | 324 | 
|                       |  | Joslin Fenelus ##                 |  | Term Loan                                        |  | 09/16/09        |  | 09/16/12     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 319 |  |  | $ | 318 | 
|                       |  | Jean B Guerrier ##                |  | Term Loan                                        |  | 08/12/09        |  | 08/12/12     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 318 |  |  | $ | 317 | 
|                       |  | Mohammmed H Iqbal ##              |  | Term Loan                                        |  | 01/13/09        |  | 01/13/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 313 |  |  | $ | 312 | 
|                       |  | Cody Service Co Inc ##            |  | Term Loan                                        |  | 09/15/10        |  | 09/10/15     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 310 |  |  | $ | 311 | 
|                       |  | Malkit Singh ##                   |  | Term Loan                                        |  | 04/15/11        |  | 04/15/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 305 |  |  | $ | 307 | 
|                       |  | Bella Hacking Corp ##             |  | Term Loan                                        |  | 06/25/04        |  | 06/25/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 303 |  |  | $ | 302 | 
|                       |  | Bj Cab Corp                       |  | Term Loan                                        |  | 11/14/11        |  | 11/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 295 |  |  | $ | 300 | 
|                       |  | Georges Desrosiers ##             |  | Term Loan                                        |  | 05/27/11        |  | 05/27/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 299 |  |  | $ | 300 | 
|                       |  | Shahdad Bhatti Cab Corp ##        |  | Term Loan                                        |  | 11/05/10        |  | 11/05/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.38                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 298 |  |  | $ | 299 | 
|                       |  | Kornos Taxi Inc ##                |  | Term Loan                                        |  | 05/02/03        |  | 08/21/12     |  |             | 1 |  |               |  | * |                   |  |  | 5.63                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 300 |  |  | $ | 299 | 
|                       |  | Bj Cab Corp/Note 2 Of 2           |  | Term Loan                                        |  | 11/14/11        |  | 11/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 296 |  |  | $ | 298 | 
|                       |  | Platform Taxi Service ##          |  | Term Loan                                        |  | 03/29/06        |  | 02/17/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 298 |  |  | $ | 298 | 
|                       |  | Chaim Tepper ##                   |  | Term Loan                                        |  | 02/10/11        |  | 02/10/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 294 |  |  | $ | 295 | 
|                       |  | Double Cab Corp ##                |  | Term Loan                                        |  | 07/24/09        |  | 07/16/12     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 282 |  |  | $ | 281 | 
|                       |  | Serge Bonny ##                    |  | Term Loan                                        |  | 03/02/11        |  | 03/02/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 272 |  |  | $ | 273 | 
|                       |  | Tarek Elsaid ##                   |  | Term Loan                                        |  | 05/27/11        |  | 05/27/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 270 |  |  | $ | 271 | 
|                       |  | Barbara Przezdziecka ##           |  | Term Loan                                        |  | 05/10/07        |  | 05/09/12     |  |             | 1 |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 263 |  |  | $ | 262 | 
|                       |  | Mohammad Azhar ##                 |  | Term Loan                                        |  | 07/11/11        |  | 07/11/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.80                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 233 |  |  | $ | 234 | 
|                       |  | Y.A.M. Associates Corp            |  | Term Loan                                        |  | 10/18/11        |  | 04/18/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 229 |  |  | $ | 231 | 
|                       |  | Joubert Toussaint ##              |  | Term Loan                                        |  | 12/15/11        |  | 12/15/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 229 |  |  | $ | 231 | 
|                       |  | Amos B Baffour-Gyau ##            |  | Term Loan                                        |  | 10/04/10        |  | 10/04/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 226 |  |  | $ | 227 | 
|                       |  | Mohammad Ashraf Ali ##            |  | Term Loan                                        |  | 01/17/12        |  | 01/17/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.13                | % |  | $                                   | 0 |  |          | $ | 422 |           |  | $ | 219 |  |  | $ | 221 | 
|                       |  | Ali Akbar ##                      |  | Term Loan                                        |  | 03/04/10        |  | 10/11/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 218 |  |  | $ | 217 | 
|                       |  | Abdul H Abid ##                   |  | Term Loan                                        |  | 06/09/09        |  | 06/09/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.38                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 216 |  |  | $ | 216 | 
|                       |  | Kesef Taxi Inc                    |  | Term Loan                                        |  | 12/23/10        |  | 12/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 209 |  |  | $ | 211 | 
|                       |  | Ede Service Corp                  |  | Term Loan                                        |  | 07/20/07        |  | 07/20/17     |  |             | 1 |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 210 |  |  | $ | 210 | 
|                       |  | Chuhar Singh ##                   |  | Term Loan                                        |  | 12/02/11        |  | 12/02/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 205 |  |  | $ | 207 | 
|                       |  | Yberto Santana ##                 |  | Term Loan                                        |  | 06/09/11        |  | 06/09/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 197 |  |  | $ | 198 | 
|                       |  | David Taxi Corp                   |  | Term Loan                                        |  | 10/05/10        |  | 10/04/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 192 |  |  | $ | 193 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                   |  |                                                  |  |                 |  |              |  |             |   |  |               |  |   |                   |  |  |                     |   |  |                                     |   |  |          |   |       |           |  |   |     |  |  |   |     | 
|---------------------- |  | --------------------------------- |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | - |  | ------------- |  | - | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | ----- | --------- |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                      |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |   |  | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |       | FairValue | 
|                       |  | Nicolae Blidariu                  |  | Term Loan                                        |  | 02/29/08        |  | 02/28/23     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 188 |  |  | $ | 189 | 
|                       |  | Ilias Karanikolas                 |  | Term Loan                                        |  | 01/27/12        |  | 01/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 185   |           |  | $ | 185 |  |  | $ | 187 | 
|                       |  | Zante Cab Corp/Mbank              |  | Term Loan                                        |  | 02/02/10        |  | 02/02/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.01                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 186 |  |  | $ | 186 | 
|                       |  | Jackie L Chaiken & Michael Cha ## |  | Term Loan                                        |  | 03/16/11        |  | 03/16/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 183 |  |  | $ | 185 | 
|                       |  | Zorro Taxi Inc                    |  | Term Loan                                        |  | 08/09/11        |  | 08/09/21     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 182 |  |  | $ | 184 | 
|                       |  | Daniel Victor ##                  |  | Term Loan                                        |  | 05/06/11        |  | 05/06/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 180 |  |  | $ | 181 | 
|                       |  | Gasless Transit Llc/Bnote         |  | Term Loan                                        |  | 10/23/06        |  | 10/23/16     |  |             | 1 |  |               |  | * |                   |  |  | 2.67                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Fusion Transit Llc/B Note         |  | Term Loan                                        |  | 10/23/06        |  | 10/23/16     |  |             | 1 |  |               |  | * |                   |  |  | 2.67                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Electron Transit Llc/B Note       |  | Term Loan                                        |  | 10/23/06        |  | 10/23/16     |  |             | 1 |  |               |  | * |                   |  |  | 2.67                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Atom Transit Llc/B Note           |  | Term Loan                                        |  | 11/03/06        |  | 11/03/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Duracell Transit Llc/B Note       |  | Term Loan                                        |  | 11/03/06        |  | 11/03/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 175 |  |  | $ | 175 | 
|                       |  | Mode Service Corp                 |  | Term Loan                                        |  | 06/02/11        |  | 06/01/21     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 172 |  |  | $ | 171 | 
|                       |  | Norberto Cardona ##               |  | Term Loan                                        |  | 03/30/12        |  | 03/30/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          | $ | 160   |           |  | $ | 160 |  |  | $ | 162 | 
|                       |  | Anastasios Tsiklidis              |  | Term Loan                                        |  | 04/15/11        |  | 10/15/18     |  |             | 1 |  |               |  | * |                   |  |  | 5.13                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 154 |  |  | $ | 156 | 
|                       |  | Angelita Transit Inc/Note 1 ##    |  | Term Loan                                        |  | 04/22/10        |  | 03/16/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 154 |  |  | $ | 155 | 
|                       |  | Wilfrid Barreau                   |  | Term Loan                                        |  | 12/29/09        |  | 12/29/16     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 152 |  |  | $ | 153 | 
|                       |  | Ede Service Corp/Mfun             |  | Term Loan                                        |  | 07/24/07        |  | 07/20/17     |  |             | 1 |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 151 |  |  | $ | 151 | 
|                       |  | Joseph Bologna ##                 |  | Term Loan                                        |  | 10/06/10        |  | 10/01/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 149 |  |  | $ | 150 | 
|                       |  | Ny Diploma Taxi Co                |  | Term Loan                                        |  | 07/20/07        |  | 07/20/17     |  |             | 1 |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Yosi Transit Inc                  |  | Term Loan                                        |  | 07/20/07        |  | 07/20/17     |  |             | 1 |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 140 |  |  | $ | 140 | 
|                       |  | Rs Hacking Corp                   |  | Term Loan                                        |  | 01/17/12        |  | 01/17/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.15                | % |  | $                                   | 0 |  |          | $ | 1,050 |           |  | $ | 126 |  |  | $ | 128 | 
|                       |  | Bitterroot Hacking Corp           |  | Term Loan                                        |  | 02/01/12        |  | 02/01/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 1,400 |           |  | $ | 124 |  |  | $ | 126 | 
|                       |  | Roman Fermin ##                   |  | Term Loan                                        |  | 04/09/09        |  | 10/27/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 115 |  |  | $ | 115 | 
|                       |  | Jose Perez ##                     |  | Term Loan                                        |  | 11/03/98        |  | 10/10/12     |  |             | 1 |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 114 |  |  | $ | 114 | 
|                       |  | Boris Ushman ##                   |  | Term Loan                                        |  | 05/21/03        |  | 05/05/12     |  |             | 1 |  |               |  | * |                   |  |  | 6.88                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 112 |  |  | $ | 112 | 
|                       |  | Ken Service Corp/Mbank            |  | Term Loan                                        |  | 09/02/10        |  | 09/01/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 115 |  |  | $ | 107 | 
|                       |  | First Eight Grand Corp            |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.26                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 105 |  |  | $ | 105 | 
|                       |  | Ny Diploma Taxi Corp/Mfun         |  | Term Loan                                        |  | 07/24/07        |  | 07/20/17     |  |             | 1 |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 101 |  |  | $ | 101 | 
|                       |  | King Pierre Taxi Inc              |  | Term Loan                                        |  | 10/18/10        |  | 10/15/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 96  |  |  | $ | 97  | 
|                       |  | N.Y. Indigo Taxi Corp             |  | Term Loan                                        |  | 10/05/10        |  | 10/04/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 96  |  |  | $ | 97  | 
|                       |  | Julella Cab Corp                  |  | Term Loan                                        |  | 10/21/10        |  | 12/22/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.35                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 91  |  |  | $ | 92  | 
|                       |  | Emerald I Taxi Corp/Mbank         |  | Term Loan                                        |  | 12/20/11        |  | 12/20/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.13                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 90  |  |  | $ | 90  | 
|                       |  | Neutron Transit Llc/B Note        |  | Term Loan                                        |  | 10/16/06        |  | 10/16/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 85  |  |  | $ | 85  | 
|                       |  | Proton Transit Llc/B Note         |  | Term Loan                                        |  | 10/16/06        |  | 10/16/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 85  |  |  | $ | 85  | 
|                       |  | Quark Transit Llc/B Note          |  | Term Loan                                        |  | 10/16/06        |  | 10/16/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 85  |  |  | $ | 85  | 
|                       |  | Rechargeable Transit Llc/Bnote    |  | Term Loan                                        |  | 10/16/06        |  | 10/16/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 85  |  |  | $ | 85  | 
|                       |  | Hybrid Transit Llc/B Note         |  | Term Loan                                        |  | 10/23/06        |  | 10/23/16     |  |             | 1 |  |               |  | * |                   |  |  | 2.67                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 85  |  |  | $ | 85  | 
|                       |  | Kinetic Transit Llc/B Note        |  | Term Loan                                        |  | 10/31/06        |  | 10/31/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 85  |  |  | $ | 85  | 
|                       |  | Isotope Transit Llc/B Note        |  | Term Loan                                        |  | 10/31/06        |  | 10/31/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 85  |  |  | $ | 85  | 
|                       |  | Lowvolt Transit Llc               |  | Term Loan                                        |  | 10/31/06        |  | 10/31/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 85  |  |  | $ | 85  | 
|                       |  | Mixfuel Transit Llcb Note         |  | Term Loan                                        |  | 10/31/06        |  | 10/31/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 85  |  |  | $ | 85  | 
|                       |  | Juiced Transit Llc/B Note         |  | Term Loan                                        |  | 10/31/06        |  | 10/31/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 85  |  |  | $ | 85  | 
|                       |  | King Mario Taxi Inc               |  | Term Loan                                        |  | 10/05/10        |  | 10/04/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 84  |  |  | $ | 85  | 
|                       |  | Ny Cookie Taxi Corp               |  | Term Loan                                        |  | 10/05/10        |  | 10/04/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 84  |  |  | $ | 85  | 
|                       |  | Ny Kind Taxi Corp                 |  | Term Loan                                        |  | 10/05/10        |  | 10/04/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 84  |  |  | $ | 85  | 
|                       |  | Ny Pisces Taxi Corp               |  | Term Loan                                        |  | 10/18/10        |  | 10/15/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 84  |  |  | $ | 85  | 
|                       |  | Bu Taxi Llc/Mbank                 |  | Term Loan                                        |  | 12/29/10        |  | 12/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 7.40                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 75  |  |  | $ | 75  | 
|                       |  | Eddy Joseph ##                    |  | Term Loan                                        |  | 12/20/00        |  | 01/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 75  |  |  | $ | 75  | 
|                       |  | Carlos Rios                       |  | Term Loan                                        |  | 03/11/11        |  | 03/11/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 72  |  |  | $ | 74  | 
|                       |  | Calcium One Service Inc           |  | Term Loan                                        |  | 02/23/07        |  | 02/23/17     |  |             | 1 |  |               |  | * |                   |  |  | 2.36                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 72  |  |  | $ | 72  | 
|                       |  | Junco Taxi Inc/Mbank              |  | Term Loan                                        |  | 09/02/10        |  | 09/01/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 76  |  |  | $ | 69  | 
|                       |  | Heby Taxi Inc./Mbank              |  | Term Loan                                        |  | 09/02/10        |  | 09/01/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 76  |  |  | $ | 69  | 
|                       |  | Libnoth Cab Corp/Mbank            |  | Term Loan                                        |  | 09/02/10        |  | 09/01/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 76  |  |  | $ | 69  | 
|                       |  | Ede Service Corp                  |  | Term Loan                                        |  | 07/20/07        |  | 07/20/17     |  |             | 1 |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 69  |  |  | $ | 69  | 
|                       |  | Michael Piccolo ##                |  | Term Loan                                        |  | 05/03/06        |  | 03/03/15     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 65  |  |  | $ | 65  | 
|                       |  | Tulya Kogan Associates Inc        |  | Term Loan                                        |  | 01/09/09        |  | 05/20/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 65  |  |  | $ | 63  | 
|                       |  | Robola Inc/Mbank                  |  | Term Loan                                        |  | 12/07/04        |  | 07/17/12     |  |             | 1 |  |               |  | * |                   |  |  | 5.85                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 62  |  |  | $ | 62  | 
|                       |  | Avi Taxi Corporation/Mbank        |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.36                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 62  |  |  | $ | 62  | 
|                       |  | Motors Taxi Inc                   |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.36                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 62  |  |  | $ | 62  | 
|                       |  | North Moore Taxi Inc              |  | Term Loan                                        |  | 02/18/11        |  | 12/20/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 60  |  |  | $ | 62  | 
|                       |  | Honeybee Taxi Llc                 |  | Term Loan                                        |  | 01/21/11        |  | 12/20/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 60  |  |  | $ | 61  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                |  |                                                  |  |                 |  |              |  |             |   |  |               |  |   |                   |  |  |                     |   |  |                                     |   |  |          |   |       |           |  |   |    |  |  |   |    | 
|---------------------- |  | ------------------------------ |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | - |  | ------------- |  | - | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | ----- | --------- |  | - | -- |  |  | - | -- | 
|(Dollars in thousands) |  | Obligor Name                   |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |   |  | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |       | FairValue | 
|                       |  | Lazaros Taxi Inc               |  | Term Loan                                        |  | 11/01/10        |  | 11/01/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.80                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 61 |  |  | $ | 61 | 
|                       |  | Kesev Taxi Inc                 |  | Term Loan                                        |  | 10/05/10        |  | 10/04/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 60 |  |  | $ | 61 | 
|                       |  | N.Y. Yno Taxi Corp             |  | Term Loan                                        |  | 10/05/10        |  | 10/04/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 60 |  |  | $ | 61 | 
|                       |  | N.Y. Abar Taxi Corp            |  | Term Loan                                        |  | 10/05/10        |  | 10/04/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 60 |  |  | $ | 61 | 
|                       |  | Y Mommy Taxi Inc/Mbank         |  | Term Loan                                        |  | 12/23/10        |  | 12/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 60 |  |  | $ | 60 | 
|                       |  | Kappa Taxi Inc/Mbank           |  | Term Loan                                        |  | 12/20/11        |  | 12/20/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.13                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 60 |  |  | $ | 60 | 
|                       |  | Natlon Hacking Corp            |  | Term Loan                                        |  | 08/17/10        |  | 08/16/13     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 58 |  |  | $ | 59 | 
|                       |  | Hamilton Transit Llc/Mbank     |  | Term Loan                                        |  | 12/20/11        |  | 12/20/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.13                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 57 |  |  | $ | 57 | 
|                       |  | Y Daddy Taxi Inc               |  | Term Loan                                        |  | 12/23/10        |  | 12/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 55 |  |  | $ | 57 | 
|                       |  | Dani Taxi Inc                  |  | Term Loan                                        |  | 12/23/10        |  | 12/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 55 |  |  | $ | 57 | 
|                       |  | Appoint Cab Corp/Mbank         |  | Term Loan                                        |  | 12/06/10        |  | 12/06/13     |  |             | 1 |  |               |  | * |                   |  |  | 7.96                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 57 |  |  | $ | 57 | 
|                       |  | Composite Transit Llc          |  | Term Loan                                        |  | 11/03/06        |  | 11/03/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 56 |  |  | $ | 56 | 
|                       |  | Blend Transit Llc/B Note       |  | Term Loan                                        |  | 11/03/06        |  | 11/03/16     |  |             | 1 |  |               |  | * |                   |  |  | 3.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 56 |  |  | $ | 56 | 
|                       |  | Edgar Transit Inc              |  | Term Loan                                        |  | 12/13/11        |  | 12/09/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Ziva Cab Corp                  |  | Term Loan                                        |  | 12/13/11        |  | 12/09/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Soccer Transit Inc             |  | Term Loan                                        |  | 12/13/11        |  | 12/09/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Sea Transit Inc                |  | Term Loan                                        |  | 12/13/11        |  | 12/09/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Big Ari Taxi Corp              |  | Term Loan                                        |  | 11/21/11        |  | 11/21/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Soho Cab Corp                  |  | Term Loan                                        |  | 12/23/11        |  | 12/22/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 49 |  |  | $ | 51 | 
|                       |  | Wildwood Hacking Corp          |  | Term Loan                                        |  | 12/20/11        |  | 12/20/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 48 |  |  | $ | 50 | 
|                       |  | Kaderee M & G Corp             |  | Term Loan                                        |  | 12/20/11        |  | 12/20/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 48 |  |  | $ | 50 | 
|                       |  | Samiullah Zaman/Mbank          |  | Term Loan                                        |  | 07/26/11        |  | 07/26/14     |  |             | 1 |  |               |  | * |                   |  |  | 8.32                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 50 |  |  | $ | 50 | 
|                       |  | Avilie Service Inc             |  | Term Loan                                        |  | 03/09/12        |  | 03/09/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          | $ | 1,200 |           |  | $ | 48 |  |  | $ | 50 | 
|                       |  | Ny Kfar Taxi Corp/Mbank        |  | Term Loan                                        |  | 09/07/10        |  | 09/03/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 56 |  |  | $ | 50 | 
|                       |  | Twinkle Cab Corp/Mbank         |  | Term Loan                                        |  | 09/07/10        |  | 09/03/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 56 |  |  | $ | 50 | 
|                       |  | Mazl Taxi Inc/Mbank            |  | Term Loan                                        |  | 09/07/10        |  | 09/07/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 56 |  |  | $ | 50 | 
|                       |  | Bedford Taxi Llc               |  | Term Loan                                        |  | 10/07/11        |  | 10/07/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 47 |  |  | $ | 49 | 
|                       |  | Trial Taxi Inc                 |  | Term Loan                                        |  | 10/28/11        |  | 10/27/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 46 |  |  | $ | 48 | 
|                       |  | Chornomor Service Co           |  | Term Loan                                        |  | 10/28/11        |  | 10/27/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 46 |  |  | $ | 48 | 
|                       |  | Bursa Cab Corp/Note 1          |  | Term Loan                                        |  | 03/23/01        |  | 09/10/23     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 48 |  |  | $ | 48 | 
|                       |  | Central Hacking Corp           |  | Term Loan                                        |  | 10/07/11        |  | 10/07/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 45 |  |  | $ | 47 | 
|                       |  | Munchkin Transit Inc           |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | W Lol Trans Corp               |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | Tate Cab Corp                  |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | Rus Cab Corp                   |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | Angus Cab Corp                 |  | Term Loan                                        |  | 02/17/12        |  | 02/17/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 900   |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | Aleka Taxi Inc                 |  | Term Loan                                        |  | 02/17/12        |  | 02/17/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 900   |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | Light Cab Corp                 |  | Term Loan                                        |  | 02/17/12        |  | 02/17/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 900   |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | Ny Diploma Taxi Co             |  | Term Loan                                        |  | 07/20/07        |  | 07/20/17     |  |             | 1 |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 46 |  |  | $ | 46 | 
|                       |  | W Sar Trans Corp               |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | Leka Transit Inc               |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | Specter Cab Corp               |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | Marg Cab Corp                  |  | Term Loan                                        |  | 03/23/11        |  | 12/08/15     |  |             | 1 |  |               |  | * |                   |  |  | 3.60                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 44 |  |  | $ | 46 | 
|                       |  | Calcium One Service Inc        |  | Term Loan                                        |  | 02/23/07        |  | 02/23/17     |  |             | 1 |  |               |  | * |                   |  |  | 2.36                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 43 |  |  | $ | 43 | 
|                       |  | Bento Trans Corp/Mbnk          |  | Term Loan                                        |  | 03/14/11        |  | 03/28/15     |  |             | 1 |  |               |  | * |                   |  |  | 7.66                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 42 |  |  | $ | 42 | 
|                       |  | Batch-Bootch Express Cab/Mbnk  |  | Term Loan                                        |  | 03/14/11        |  | 03/28/15     |  |             | 1 |  |               |  | * |                   |  |  | 7.26                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 42 |  |  | $ | 42 | 
|                       |  | Niroosh Express Cab Corp/Mbnk  |  | Term Loan                                        |  | 03/14/11        |  | 03/28/15     |  |             | 1 |  |               |  | * |                   |  |  | 7.66                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 42 |  |  | $ | 42 | 
|                       |  | Nili Trans Corp/Mbnk           |  | Term Loan                                        |  | 03/14/11        |  | 03/28/15     |  |             | 1 |  |               |  | * |                   |  |  | 7.66                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 42 |  |  | $ | 42 | 
|                       |  | Sharon Express Cab C           |  | Term Loan                                        |  | 03/14/11        |  | 03/28/15     |  |             | 1 |  |               |  | * |                   |  |  | 7.26                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 42 |  |  | $ | 42 | 
|                       |  | Nosea Taxi Llc                 |  | Term Loan                                        |  | 01/06/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 38 |  |  | $ | 40 | 
|                       |  | Zahav Taxi Llc                 |  | Term Loan                                        |  | 12/23/10        |  | 12/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 37 |  |  | $ | 39 | 
|                       |  | Ravinder Singh & M Multani/Mbk |  | Term Loan                                        |  | 06/02/11        |  | 06/02/14     |  |             | 1 |  |               |  | * |                   |  |  | 10.43               | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 39 |  |  | $ | 39 | 
|                       |  | Humidity Hacking Corp          |  | Term Loan                                        |  | 10/21/10        |  | 12/22/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.35                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 38 |  |  | $ | 39 | 
|                       |  | Julia Rose Hacking Corp./Mbank |  | Term Loan                                        |  | 10/21/10        |  | 12/22/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.73                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 38 |  |  | $ | 38 | 
|                       |  | Binh Pham ##                   |  | Term Loan                                        |  | 05/18/11        |  | 05/18/14     |  |             | 1 |  |               |  | * |                   |  |  | 10.00               | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 36 |  |  | $ | 38 | 
|                       |  | Elias Taxi Inc                 |  | Term Loan                                        |  | 02/17/12        |  | 02/17/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 900   |           |  | $ | 36 |  |  | $ | 38 | 
|                       |  | Mercedes Hacking Corp          |  | Term Loan                                        |  | 05/04/10        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.07                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 41 |  |  | $ | 38 | 
|                       |  | Copper One Cab Corp            |  | Term Loan                                        |  | 02/17/12        |  | 02/17/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 900   |           |  | $ | 36 |  |  | $ | 38 | 
|                       |  | Gold One Cab Corp              |  | Term Loan                                        |  | 02/17/12        |  | 02/17/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 900   |           |  | $ | 36 |  |  | $ | 38 | 
|                       |  | Bursa Cab Corp/Note 2          |  | Term Loan                                        |  | 03/23/01        |  | 09/10/23     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 38 |  |  | $ | 38 | 
|                       |  | Oxford Cab Corp                |  | Term Loan                                        |  | 03/20/12        |  | 03/20/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.13                | % |  | $                                   | 0 |  |          | $ | 1,350 |           |  | $ | 35 |  |  | $ | 37 | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                |  |                                                  |  |                 |  |              |  |             |   |  |               |  |   |                   |  |  |                     |   |  |                                     |   |  |          |   |     |           |  |   |    |  |  |   |    | 
|---------------------- |  | ------------------------------ |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | - |  | ------------- |  | - | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | --- | --------- |  | - | -- |  |  | - | -- | 
|(Dollars in thousands) |  | Obligor Name                   |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |   |  | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Jolene Cab Corp                |  | Term Loan                                        |  | 02/17/12        |  | 02/17/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 900 |           |  | $ | 35 |  |  | $ | 37 | 
|                       |  | Agape-Mou Cab Corp             |  | Term Loan                                        |  | 02/17/12        |  | 02/17/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 900 |           |  | $ | 35 |  |  | $ | 37 | 
|                       |  | Mbh Cab Corp                   |  | Term Loan                                        |  | 02/17/12        |  | 02/17/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 900 |           |  | $ | 35 |  |  | $ | 37 | 
|                       |  | Asterik Cab Co Inc             |  | Term Loan                                        |  | 02/17/12        |  | 02/17/17     |  |             | 1 |  |               |  | * |                   |  |  | 4.25                | % |  | $                                   | 0 |  |          | $ | 900 |           |  | $ | 35 |  |  | $ | 37 | 
|                       |  | Amr & Rina Taxi Inc ##         |  | Term Loan                                        |  | 09/27/11        |  | 09/27/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 33 |  |  | $ | 35 | 
|                       |  | Travis R Bazile & Jean Exinvil |  | Term Loan                                        |  | 10/06/10        |  | 10/06/13     |  |             | 1 |  |               |  | * |                   |  |  | 7.58                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 35 |  |  | $ | 34 | 
|                       |  | Claude Michael Lessage         |  | Term Loan                                        |  | 06/10/11        |  | 06/10/14     |  |             | 1 |  |               |  | * |                   |  |  | 8.71                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 34 |  |  | $ | 34 | 
|                       |  | Sonia M Trivino                |  | Term Loan                                        |  | 02/22/12        |  | 02/22/15     |  |             | 1 |  |               |  | * |                   |  |  | 10.00               | % |  | $                                   | 0 |  |          | $ | 32  |           |  | $ | 31 |  |  | $ | 33 | 
|                       |  | Nestor R Trivino               |  | Term Loan                                        |  | 02/22/12        |  | 02/22/15     |  |             | 1 |  |               |  | * |                   |  |  | 10.00               | % |  | $                                   | 0 |  |          | $ | 32  |           |  | $ | 31 |  |  | $ | 33 | 
|                       |  | Neer Cab Corp/Mbnk             |  | Term Loan                                        |  | 10/21/10        |  | 12/22/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.73                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 33 |  |  | $ | 33 | 
|                       |  | Y.A.M. Associates Corp         |  | Term Loan                                        |  | 11/14/11        |  | 05/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 30 |  |  | $ | 32 | 
|                       |  | N&A Taxi Inc                   |  | Term Loan                                        |  | 01/11/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 30 |  |  | $ | 32 | 
|                       |  | S&M Taxi Inc                   |  | Term Loan                                        |  | 01/11/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 30 |  |  | $ | 32 | 
|                       |  | M.M.Y Taxi Inc                 |  | Term Loan                                        |  | 01/11/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Mati Taxi Inc                |  | Term Loan                                        |  | 01/11/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Michal Taxi Inc              |  | Term Loan                                        |  | 01/11/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Meir Taxi Inc                |  | Term Loan                                        |  | 01/11/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Y Mike Taxi Inc                |  | Term Loan                                        |  | 01/06/11        |  | 01/15/16     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 30 |  |  | $ | 32 | 
|                       |  | Columbia Agami Cab Corp        |  | Term Loan                                        |  | 05/25/11        |  | 06/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 27 |  |  | $ | 29 | 
|                       |  | Atlas Agami Cab Corp           |  | Term Loan                                        |  | 05/25/11        |  | 06/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 27 |  |  | $ | 29 | 
|                       |  | Gerard G Tema                  |  | Term Loan                                        |  | 12/06/10        |  | 12/06/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 28 |  |  | $ | 29 | 
|                       |  | Mohammed Abdu & H Hedru/Mbank  |  | Term Loan                                        |  | 08/11/06        |  | 08/04/12     |  |             | 1 |  |               |  | * |                   |  |  | 8.01                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 27 |  |  | $ | 27 | 
|                       |  | Barth Taxi Llc/Mbank           |  | Term Loan                                        |  | 11/24/10        |  | 11/24/15     |  |             | 1 |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 26 |  |  | $ | 26 | 
|                       |  | Brandon Taxi Llc/Mbank         |  | Term Loan                                        |  | 11/24/10        |  | 11/24/15     |  |             | 1 |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 26 |  |  | $ | 26 | 
|                       |  | Dominique Ismael               |  | Term Loan                                        |  | 11/15/10        |  | 11/15/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 25 |  |  | $ | 26 | 
|                       |  | Jaspal Singh/Mbank             |  | Term Loan                                        |  | 10/27/10        |  | 10/27/13     |  |             | 1 |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 25 |  |  | $ | 25 | 
|                       |  | Trylon Transit Inc/Mbank       |  | Term Loan                                        |  | 12/08/09        |  | 12/22/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.72                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 26 |  |  | $ | 25 | 
|                       |  | Trojan Cab Corp/Mbank          |  | Term Loan                                        |  | 12/08/09        |  | 12/22/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.72                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 26 |  |  | $ | 25 | 
|                       |  | Pikada Transit Inc/Mbank       |  | Term Loan                                        |  | 12/08/09        |  | 12/22/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.72                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 26 |  |  | $ | 25 | 
|                       |  | Yegal Express Cab Co/Mbank     |  | Term Loan                                        |  | 11/10/10        |  | 11/10/13     |  |             | 1 |  |               |  | * |                   |  |  | 10.13               | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 24 |  |  | $ | 24 | 
|                       |  | Opera Taxi Inc                 |  | Term Loan                                        |  | 12/23/10        |  | 12/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Ronen Taxi Inc                 |  | Term Loan                                        |  | 12/23/10        |  | 12/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Mry Taxi Inc                   |  | Term Loan                                        |  | 12/23/10        |  | 12/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.88                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 21 |  |  | $ | 23 | 
|                       |  | Rigoberto Farciert/Mbank       |  | Term Loan                                        |  | 04/08/10        |  | 04/08/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 23 |  |  | $ | 23 | 
|                       |  | Tyme Cab Corp                  |  | Term Loan                                        |  | 04/04/06        |  | 04/15/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 22 |  |  | $ | 22 | 
|                       |  | Guy Fouyolle ##                |  | Term Loan                                        |  | 08/18/11        |  | 08/18/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 20 |  |  | $ | 22 | 
|                       |  | Joseph Gerard Pierre           |  | Term Loan                                        |  | 02/06/12        |  | 02/06/17     |  |             | 1 |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          | $ | 20  |           |  | $ | 20 |  |  | $ | 22 | 
|                       |  | Edward Weber                   |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 4.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 17 |  |  | $ | 19 | 
|                       |  | West Express Cab Corp/Nt 2/Mbk |  | Term Loan                                        |  | 03/19/10        |  | 07/28/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.93                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 20 |  |  | $ | 19 | 
|                       |  | Harpal S Bhola & Sukhdev Singh |  | Term Loan                                        |  | 07/24/09        |  | 07/23/12     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 19 |  |  | $ | 19 | 
|                       |  | Seide Venord/Mbank             |  | Term Loan                                        |  | 04/23/10        |  | 04/23/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 19 |  |  | $ | 19 | 
|                       |  | Nobert Auguste                 |  | Term Loan                                        |  | 09/01/11        |  | 09/01/14     |  |             | 1 |  |               |  | * |                   |  |  | 14.00               | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 16 |  |  | $ | 18 | 
|                       |  | Redouan Laghiti/Mbnk           |  | Term Loan                                        |  | 12/05/08        |  | 08/26/16     |  |             | 1 |  |               |  | * |                   |  |  | 8.32                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 18 |  |  | $ | 18 | 
|                       |  | Abi Cab Corp                   |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 16 |  |  | $ | 18 | 
|                       |  | Lakhbir Sing & Kuldi ##        |  | Term Loan                                        |  | 08/17/98        |  | 12/01/12     |  |             | 1 |  |               |  | * |                   |  |  | 6.85                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 17 |  |  | $ | 17 | 
|                       |  | Strivers Way Inc               |  | Term Loan                                        |  | 09/26/11        |  | 09/26/14     |  |             | 1 |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 14 |  |  | $ | 16 | 
|                       |  | Headway Transportation Inc     |  | Term Loan                                        |  | 09/26/11        |  | 09/26/14     |  |             | 1 |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 14 |  |  | $ | 16 | 
|                       |  | Doreen Express Cab Corp/Mbank  |  | Term Loan                                        |  | 03/22/10        |  | 03/22/20     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 16 |  |  | $ | 15 | 
|                       |  | 2 Brothers Cab Corp            |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 3.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 12 |  |  | $ | 14 | 
|                       |  | Jean M Venord/Mbank            |  | Term Loan                                        |  | 02/11/10        |  | 02/10/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 15 |  |  | $ | 14 | 
|                       |  | Humyoun Kabir/Mbank            |  | Term Loan                                        |  | 08/18/10        |  | 08/16/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.17                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 14 |  |  | $ | 12 | 
|                       |  | Erwich Chery                   |  | Term Loan                                        |  | 11/14/11        |  | 11/14/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 9  |  |  | $ | 11 | 
|                       |  | Elias Cab Corp ##              |  | Term Loan                                        |  | 04/14/08        |  | 04/14/12     |  |             | 1 |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 7  |  |  | $ | 7  | 
|                       |  | West Express Cab Corp/Nt 1/Mbk |  | Term Loan                                        |  | 03/19/10        |  | 07/28/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.87                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 6  |  |  | $ | 6  | 
|                       |  | Wagon Service Corp             |  | Term Loan                                        |  | 05/14/10        |  | 05/14/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 5  |  |  | $ | 6  | 
|                       |  | Jamcie Service Co Inc/Mbank    |  | Term Loan                                        |  | 06/29/09        |  | 07/28/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.80                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 5  |  |  | $ | 5  | 
|                       |  | Wilfrid Barreau                |  | Term Loan                                        |  | 12/29/09        |  | 12/29/12     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 4  |  |  | $ | 4  | 
|                       |  | Jorge R Sahad/Mbank            |  | Term Loan                                        |  | 04/27/10        |  | 02/03/15     |  |             | 1 |  |               |  | * |                   |  |  | 8.83                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 5  |  |  | $ | 4  | 
|                       |  | Two Filoi Taxi Inc             |  | Term Loan                                        |  | 01/15/04        |  | 01/15/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 3  |  |  | $ | 3  | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                   |  |                                                  |  |                 |  |              |  |             |     |  |               |  |    |                   |  |  |                     |   |  |                                     |   |  |          |   |        |           |  |   |        |  |  |   |        | 
|---------------------- |  | --------------------------------- |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | --- |  | ------------- |  | -- | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | ------ | --------- |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                      |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |     |  | % ofNetAssets |  |    | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |        | FairValue | 
|Chicago                |  |                                   |  |                                                  |  |                 |  |              |  |             | 120 |  |               |  | 19 | %                 |  |  | 5.51                | % |  | $                                   | 0 |  |          | $ | 15,395 |           |  | $ | 33,217 |  |  | $ | 33,337 | 
|                       |  | Cozy Cab Et Al ##                 |  | Term Loan                                        |  | 12/22/11        |  | 12/22/14     |  |             | 1   |  |               |  | 2  | %                 |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 3,426  |  |  | $ | 3,421  | 
|                       |  | Sweetgrass Peach &Chadwick Cap ## |  | Term Loan                                        |  | 11/23/11        |  | 11/23/14     |  |             | 1   |  |               |  | 1  | %                 |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 1,515  |  |  | $ | 1,514  | 
|                       |  | Chicago Medallion One Llc ##      |  | Term Loan                                        |  | 12/02/11        |  | 12/02/16     |  |             | 1   |  |               |  | 1  | %                 |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 965    |  |  | $ | 964    | 
|                       |  | Chicago Medallion Two Llc ##      |  | Term Loan                                        |  | 12/02/11        |  | 12/02/16     |  |             | 1   |  |               |  | 1  | %                 |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 965    |  |  | $ | 964    | 
|                       |  | Chicago Medallion Three Llc ##    |  | Term Loan                                        |  | 12/02/11        |  | 12/02/16     |  |             | 1   |  |               |  | 1  | %                 |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 965    |  |  | $ | 964    | 
|                       |  | Chicago Medallion Four Llc ##     |  | Term Loan                                        |  | 12/02/11        |  | 12/02/16     |  |             | 1   |  |               |  | 1  | %                 |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 965    |  |  | $ | 964    | 
|                       |  | Hudson Cab Corp ##                |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | 1  | %                 |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 900    |           |  | $ | 900    |  |  | $ | 902    | 
|                       |  | Deka Cab Corp (Chicago) ##        |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | 1  | %                 |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 900    |           |  | $ | 900    |  |  | $ | 902    | 
|                       |  | Blue Eyes Cab Corp ##             |  | Term Loan                                        |  | 08/02/11        |  | 08/02/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 857    |  |  | $ | 856    | 
|                       |  | Lucky Seven Chicago One Inc ##    |  | Term Loan                                        |  | 08/02/11        |  | 08/02/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 857    |  |  | $ | 856    | 
|                       |  | Chicago Medallion Nine Llc ##     |  | Term Loan                                        |  | 05/19/10        |  | 05/19/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 740    |  |  | $ | 739    | 
|                       |  | Harriet C Inc ##                  |  | Term Loan                                        |  | 10/25/11        |  | 10/25/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.70                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 724    |  |  | $ | 724    | 
|                       |  | Santorini Two Cab Corp ##         |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | *  |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 720    |           |  | $ | 720    |  |  | $ | 722    | 
|                       |  | Tribeca Three Cab Corp ##         |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | *  |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 720    |           |  | $ | 720    |  |  | $ | 722    | 
|                       |  | Santorini Five Cab Corp ##        |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | *  |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 720    |           |  | $ | 720    |  |  | $ | 722    | 
|                       |  | Santorini Six Cab Corp ##         |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | *  |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 720    |           |  | $ | 720    |  |  | $ | 722    | 
|                       |  | Tribeca Two Cab Corp ##           |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | *  |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 720    |           |  | $ | 720    |  |  | $ | 722    | 
|                       |  | Santorini Four Cab Corp ##        |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | *  |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 720    |           |  | $ | 720    |  |  | $ | 722    | 
|                       |  | Deka Three Cab Corp ##            |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | *  |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 720    |           |  | $ | 720    |  |  | $ | 722    | 
|                       |  | Stny Taxi Corp ##                 |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | *  |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 720    |           |  | $ | 720    |  |  | $ | 722    | 
|                       |  | Mike Taxi Corp ##                 |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 524    |  |  | $ | 525    | 
|                       |  | Natalia Taxi Corp ##              |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 525    |  |  | $ | 526    | 
|                       |  | Carol Of Illinois Enterprises ##  |  | Term Loan                                        |  | 03/29/12        |  | 03/29/17     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 495    |           |  | $ | 495    |  |  | $ | 496    | 
|                       |  | M&N 5th Avenue Hacking Corp ##    |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 469    |  |  | $ | 470    | 
|                       |  | Tumblin Dice Taxi Inc             |  | Term Loan                                        |  | 12/22/10        |  | 10/14/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 422    |  |  | $ | 423    | 
|                       |  | Blue Valentine Cab Corp           |  | Term Loan                                        |  | 12/22/10        |  | 10/14/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 422    |  |  | $ | 423    | 
|                       |  | Moo Moo Cab Co ##                 |  | Term Loan                                        |  | 12/27/10        |  | 10/14/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 411    |  |  | $ | 411    | 
|                       |  | Rahwa & Bros Cab Co ##            |  | Term Loan                                        |  | 11/01/11        |  | 11/01/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 337    |  |  | $ | 338    | 
|                       |  | Musanour Cab Inc ##               |  | Term Loan                                        |  | 12/16/11        |  | 12/16/16     |  |             | 1   |  |               |  | *  |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 326    |  |  | $ | 327    | 
|                       |  | Good Cab Corp/Mbank               |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | *  |                   |  |  | 4.73                | % |  | $                                   | 0 |  |          | $ | 296    |           |  | $ | 296    |  |  | $ | 296    | 
|                       |  | American Buffalo Cab Corp         |  | Term Loan                                        |  | 12/22/10        |  | 10/14/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 281    |  |  | $ | 282    | 
|                       |  | Valasia Cab Co ##                 |  | Term Loan                                        |  | 01/18/12        |  | 01/18/15     |  |             | 1   |  |               |  | *  |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          | $ | 280    |           |  | $ | 279    |  |  | $ | 280    | 
|                       |  | Deka Two Cab Corp                 |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1   |  |               |  | *  |                   |  |  | 4.74                | % |  | $                                   | 0 |  |          | $ | 280    |           |  | $ | 280    |  |  | $ | 280    | 
|                       |  | Lmb Taxi Iv Inc ##                |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 269    |  |  | $ | 270    | 
|                       |  | Lmb Taxi V Inc ##                 |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 269    |  |  | $ | 270    | 
|                       |  | Chicago Medallion Seven Llc ##    |  | Term Loan                                        |  | 04/29/05        |  | 05/05/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 270    |  |  | $ | 269    | 
|                       |  | Chicago Seven Inc                 |  | Term Loan                                        |  | 08/03/11        |  | 08/03/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 260    |  |  | $ | 261    | 
|                       |  | Showcase Sports Management Cor ## |  | Term Loan                                        |  | 01/22/10        |  | 01/22/13     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 236    |  |  | $ | 235    | 
|                       |  | Jbl Express Ii Inc                |  | Term Loan                                        |  | 11/04/11        |  | 11/04/15     |  |             | 1   |  |               |  | *  |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 186    |  |  | $ | 188    | 
|                       |  | Michael Two Cab Corp ##           |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 168    |  |  | $ | 169    | 
|                       |  | Semhar Corp ##                    |  | Term Loan                                        |  | 01/31/12        |  | 01/31/17     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 165    |           |  | $ | 164    |  |  | $ | 165    | 
|                       |  | Tahoora Transportation Inc. ##    |  | Term Loan                                        |  | 01/04/12        |  | 01/04/17     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 165    |           |  | $ | 164    |  |  | $ | 165    | 
|                       |  | Shere Corp ##                     |  | Term Loan                                        |  | 01/04/12        |  | 01/04/17     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 165    |           |  | $ | 164    |  |  | $ | 165    | 
|                       |  | Naneffe Inc ##                    |  | Term Loan                                        |  | 02/27/12        |  | 02/27/17     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 163    |           |  | $ | 163    |  |  | $ | 164    | 
|                       |  | Aniba Management & Services In ## |  | Term Loan                                        |  | 12/16/11        |  | 12/16/16     |  |             | 1   |  |               |  | *  |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 163    |  |  | $ | 164    | 
|                       |  | Zeyrefda Inc                      |  | Term Loan                                        |  | 03/06/12        |  | 03/06/17     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 161    |           |  | $ | 161    |  |  | $ | 163    | 
|                       |  | Alex Z Cab Corp                   |  | Term Loan                                        |  | 12/01/11        |  | 12/01/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 157    |  |  | $ | 159    | 
|                       |  | Tad Taxi Co                       |  | Term Loan                                        |  | 12/01/11        |  | 12/01/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 157    |  |  | $ | 159    | 
|                       |  | Harris 6741 Inc                   |  | Term Loan                                        |  | 03/02/11        |  | 03/02/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 153    |  |  | $ | 154    | 
|                       |  | Tasha Ride Inc                    |  | Term Loan                                        |  | 03/15/11        |  | 03/15/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 150    |  |  | $ | 152    | 
|                       |  | Asmara Cab Company ##             |  | Term Loan                                        |  | 12/01/11        |  | 12/01/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 148    |  |  | $ | 149    | 
|                       |  | Asmara Inc                        |  | Term Loan                                        |  | 01/03/12        |  | 01/03/17     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 144    |           |  | $ | 143    |  |  | $ | 145    | 
|                       |  | Little Wing Cab Corp              |  | Term Loan                                        |  | 04/15/11        |  | 10/14/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 142    |  |  | $ | 143    | 
|                       |  | Lemlemu Inc                       |  | Term Loan                                        |  | 03/11/11        |  | 03/11/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 141    |  |  | $ | 143    | 
|                       |  | Little Wing Cab Corp              |  | Term Loan                                        |  | 12/22/10        |  | 10/14/14     |  |             | 1   |  |               |  | *  |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 141    |  |  | $ | 142    | 
|                       |  | Ultra Investment Corp ##          |  | Term Loan                                        |  | 03/22/11        |  | 03/22/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 136    |  |  | $ | 137    | 
|                       |  | Tedom Inc                         |  | Term Loan                                        |  | 02/14/11        |  | 02/14/15     |  |             | 1   |  |               |  | *  |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 135    |  |  | $ | 136    | 
|                       |  | Significant Trans Inc             |  | Term Loan                                        |  | 03/15/11        |  | 03/15/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 133    |  |  | $ | 134    | 
|                       |  | Yenemekoya Inc                    |  | Term Loan                                        |  | 03/15/12        |  | 03/15/17     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 130    |           |  | $ | 130    |  |  | $ | 132    | 
|                       |  | Jatt Inc                          |  | Term Loan                                        |  | 02/23/11        |  | 02/23/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 131    |  |  | $ | 132    | 
|                       |  | Annabelle Cab Corporation ##      |  | Term Loan                                        |  | 12/29/10        |  | 12/29/14     |  |             | 1   |  |               |  | *  |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |        |           |  | $ | 129    |  |  | $ | 130    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                |  |                                                  |  |                 |  |              |  |             |   |  |               |  |   |                   |  |  |                     |   |  |                                     |   |  |          |   |       |           |  |   |     |  |  |   |     | 
|---------------------- |  | ------------------------------ |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | - |  | ------------- |  | - | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | ----- | --------- |  | - | --- |  |  | - | --- | 
|(Dollars in thousands) |  | Obligor Name                   |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |   |  | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |       | FairValue | 
|                       |  | Three Kids Corp                |  | Term Loan                                        |  | 10/05/11        |  | 10/05/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 128 |  |  | $ | 130 | 
|                       |  | Alem B Cab Inc ##              |  | Term Loan                                        |  | 12/09/10        |  | 12/09/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 129 |  |  | $ | 130 | 
|                       |  | Mekleteelsa Inc                |  | Term Loan                                        |  | 01/27/11        |  | 01/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 129 |  |  | $ | 130 | 
|                       |  | Bedford Cab Two Corp           |  | Term Loan                                        |  | 07/30/10        |  | 08/01/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 126 |  |  | $ | 127 | 
|                       |  | Imc Cab Corp                   |  | Term Loan                                        |  | 08/27/10        |  | 09/01/13     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 125 |  |  | $ | 126 | 
|                       |  | Kayla Hacking Corp ##          |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 125 |  |  | $ | 126 | 
|                       |  | Interwoodex Inc ##             |  | Term Loan                                        |  | 11/02/10        |  | 11/02/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 125 |  |  | $ | 126 | 
|                       |  | Taxi For Less Inc              |  | Term Loan                                        |  | 07/21/10        |  | 07/21/14     |  |             | 1 |  |               |  | * |                   |  |  | 6.90                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 124 |  |  | $ | 125 | 
|                       |  | Karbala Express Inc            |  | Term Loan                                        |  | 08/02/10        |  | 08/02/15     |  |             | 1 |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 124 |  |  | $ | 125 | 
|                       |  | Alexandra School Cor ##        |  | Term Loan                                        |  | 06/15/10        |  | 06/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 119 |  |  | $ | 124 | 
|                       |  | Jpg Cab Corp                   |  | Term Loan                                        |  | 08/02/10        |  | 08/02/15     |  |             | 1 |  |               |  | * |                   |  |  | 8.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 120 |  |  | $ | 121 | 
|                       |  | M And L Taxi Corp              |  | Term Loan                                        |  | 07/30/10        |  | 07/30/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 120 |  |  | $ | 121 | 
|                       |  | Adi Express Inc                |  | Term Loan                                        |  | 08/03/10        |  | 08/03/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 118 |  |  | $ | 120 | 
|                       |  | Delina Cab Inc                 |  | Term Loan                                        |  | 12/21/10        |  | 12/21/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 118 |  |  | $ | 120 | 
|                       |  | Pireas Taxi Corp ##            |  | Term Loan                                        |  | 01/25/12        |  | 01/25/15     |  |             | 1 |  |               |  | * |                   |  |  | 5.00                | % |  | $                                   | 0 |  |          | $ | 116   |           |  | $ | 116 |  |  | $ | 118 | 
|                       |  | Nour Enterprise Inc ##         |  | Term Loan                                        |  | 03/10/10        |  | 03/10/14     |  |             | 1 |  |               |  | * |                   |  |  | 7.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 113 |  |  | $ | 114 | 
|                       |  | Measho Cab Corp                |  | Term Loan                                        |  | 06/16/11        |  | 06/16/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 111 |  |  | $ | 113 | 
|                       |  | Kale Trans Inc ##              |  | Term Loan                                        |  | 09/23/10        |  | 09/23/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 110 |  |  | $ | 111 | 
|                       |  | Santorini Cab Corp/Mbank       |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.79                | % |  | $                                   | 0 |  |          | $ | 105   |           |  | $ | 105 |  |  | $ | 105 | 
|                       |  | Paik Cab Co                    |  | Term Loan                                        |  | 05/26/10        |  | 05/26/15     |  |             | 1 |  |               |  | * |                   |  |  | 8.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 101 |  |  | $ | 102 | 
|                       |  | Sny Cab Inc ##                 |  | Term Loan                                        |  | 12/14/11        |  | 12/14/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 97  |  |  | $ | 99  | 
|                       |  | Mikhalia Cabs Nine Inc ##      |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 94  |  |  | $ | 95  | 
|                       |  | Tigray Cab Inc                 |  | Term Loan                                        |  | 12/03/10        |  | 12/03/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 91  |  |  | $ | 93  | 
|                       |  | Nakfa Corp                     |  | Term Loan                                        |  | 07/30/10        |  | 07/30/13     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 90  |  |  | $ | 91  | 
|                       |  | Addis Flower Taxi Cab Service  |  | Term Loan                                        |  | 05/23/11        |  | 05/23/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 87  |  |  | $ | 89  | 
|                       |  | Antar Trans Inc                |  | Term Loan                                        |  | 02/23/11        |  | 02/23/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 73  |  |  | $ | 74  | 
|                       |  | Tyrone Henderson               |  | Term Loan                                        |  | 11/21/11        |  | 11/21/16     |  |             | 1 |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 64  |  |  | $ | 66  | 
|                       |  | New Flower Inc ##              |  | Term Loan                                        |  | 12/13/10        |  | 12/13/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 55  |  |  | $ | 56  | 
|                       |  | Haris Taxi Corp ##             |  | Term Loan                                        |  | 01/11/12        |  | 01/11/17     |  |             | 1 |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 55    |           |  | $ | 54  |  |  | $ | 56  | 
|                       |  | Any Cab Corp                   |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 1,062 |           |  | $ | 53  |  |  | $ | 55  | 
|                       |  | Tribeca Cab Corp/Mbank         |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.83                | % |  | $                                   | 0 |  |          | $ | 48    |           |  | $ | 48  |  |  | $ | 48  | 
|                       |  | Big City Taxi Corp/Mbank       |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.83                | % |  | $                                   | 0 |  |          | $ | 48    |           |  | $ | 48  |  |  | $ | 48  | 
|                       |  | Oia Cab Corp                   |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 890   |           |  | $ | 45  |  |  | $ | 47  | 
|                       |  | N And M Valdof Hacking Corp    |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 45  |  |  | $ | 46  | 
|                       |  | Natasha Transportation Inc     |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 41  |  |  | $ | 42  | 
|                       |  | Chicago Jacal Hacking Corp     |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 41  |  |  | $ | 42  | 
|                       |  | Laight Taxi Corp               |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 712   |           |  | $ | 36  |  |  | $ | 38  | 
|                       |  | Madison Cab Corp               |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 712   |           |  | $ | 36  |  |  | $ | 38  | 
|                       |  | Santorini Three Cab Corp/Mbank |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 6.79                | % |  | $                                   | 0 |  |          | $ | 30    |           |  | $ | 30  |  |  | $ | 30  | 
|                       |  | Greenwich Cab Corp             |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 531   |           |  | $ | 27  |  |  | $ | 29  | 
|                       |  | Deal Cab Inc/Mbank             |  | Term Loan                                        |  | 12/29/10        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 7.47                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 27  |  |  | $ | 27  | 
|                       |  | Baby Blue Cab Corp/Mbank       |  | Term Loan                                        |  | 12/29/10        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 7.47                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 27  |  |  | $ | 27  | 
|                       |  | Mai Sheka Inc                  |  | Term Loan                                        |  | 06/27/11        |  | 06/27/16     |  |             | 1 |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 23  |  |  | $ | 25  | 
|                       |  | Chicago Jacal Hacking Ii Corp  |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 23  |  |  | $ | 24  | 
|                       |  | Bks Hacking Chicago Corp       |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 21  |  |  | $ | 22  | 
|                       |  | Mike Nat Hacking Chicago Corp  |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 21  |  |  | $ | 22  | 
|                       |  | Musanour Cab Inc               |  | Term Loan                                        |  | 03/15/12        |  | 03/15/15     |  |             | 1 |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          | $ | 20    |           |  | $ | 20  |  |  | $ | 22  | 
|                       |  | Any Cab Two Corp               |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 354   |           |  | $ | 18  |  |  | $ | 20  | 
|                       |  | St Petersburg Taxi Llc         |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 354   |           |  | $ | 18  |  |  | $ | 20  | 
|                       |  | Franklin Taxi Llc              |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1 |  |               |  | * |                   |  |  | 4.50                | % |  | $                                   | 0 |  |          | $ | 354   |           |  | $ | 18  |  |  | $ | 20  | 
|                       |  | Brilon One Cab Corp            |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 19  |  |  | $ | 20  | 
|                       |  | Lonis Two Cab Corp            |  | Term Loan                                        |  | 02/24/11        |  | 02/24/14     |  |             | 1 |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 19  |  |  | $ | 20  | 
|                       |  | Midnight Moonlight Taxi Inc/Mb |  | Term Loan                                        |  | 12/28/10        |  | 10/14/14     |  |             | 1 |  |               |  | * |                   |  |  | 7.47                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 14  |  |  | $ | 14  | 
|                       |  | Eri Trans Inc/Mbank            |  | Term Loan                                        |  | 12/01/10        |  | 12/01/15     |  |             | 1 |  |               |  | * |                   |  |  | 10.30               | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 12  |  |  | $ | 12  | 
|                       |  | C&J Trans Inc                  |  | Term Loan                                        |  | 03/03/10        |  | 09/03/12     |  |             | 1 |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 7   |  |  | $ | 8   | 
|                       |  | Moses J Frank ##               |  | Term Loan                                        |  | 08/19/08        |  | 08/15/12     |  |             | 1 |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 7   |  |  | $ | 7   | 
|                       |  | Saimon Trans Inc/Mbank         |  | Term Loan                                        |  | 12/01/10        |  | 12/01/15     |  |             | 1 |  |               |  | * |                   |  |  | 10.30               | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 6   |  |  | $ | 6   | 
|                       |  | Mai-Nefhi Trans Inc/Mbank      |  | Term Loan                                        |  | 12/16/10        |  | 12/16/15     |  |             | 1 |  |               |  | * |                   |  |  | 8.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 5   |  |  | $ | 5   | 
|                       |  | Saleem Inc & Jeff Cab Co ##    |  | Term Loan                                        |  | 10/17/08        |  | 10/15/13     |  |             | 1 |  |               |  | * |                   |  |  | 8.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 2   |  |  | $ | 2   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                |  |                                                  |  |                 |  |              |  |             |     |  |               |  |    |                   |  |  |                     |   |  |                                     |   |  |          |   |       |           |  |   |        |  |  |   |        | 
|---------------------- |  | ------------------------------ |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | --- |  | ------------- |  | -- | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | ----- | --------- |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name                   |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |     |  | % ofNetAssets |  |    | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |       | FairValue | 
|Newark                 |  |                                |  |                                                  |  |                 |  |              |  |             | 100 |  |               |  | 10 | %                 |  |  | 7.20                | % |  | $                                   | 0 |  |          | $ | 1,624 |           |  | $ | 16,848 |  |  | $ | 16,934 | 
|                       |  | 085 Force Llc                  |  | Term Loan                                        |  | 02/17/11        |  | 02/17/15     |  |             | 1   |  |               |  | *  |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 255    |  |  | $ | 257    | 
|                       |  | Rachel Llc                     |  | Term Loan                                        |  | 04/14/11        |  | 04/14/15     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 254    |  |  | $ | 256    | 
|                       |  | R And B Taxi Company           |  | Term Loan                                        |  | 01/15/10        |  | 01/14/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 255    |  |  | $ | 255    | 
|                       |  | Lesly Jeanjoseph               |  | Term Loan                                        |  | 01/09/09        |  | 01/08/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 254    |  |  | $ | 254    | 
|                       |  | Serge Garcon ##                |  | Term Loan                                        |  | 02/16/12        |  | 02/16/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 250   |           |  | $ | 249    |  |  | $ | 250    | 
|                       |  | Grec Taxi Corp                 |  | Term Loan                                        |  | 12/08/11        |  | 12/08/15     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 248    |  |  | $ | 250    | 
|                       |  | Mido Taxi Inc ##               |  | Term Loan                                        |  | 12/04/08        |  | 12/04/12     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 250    |  |  | $ | 249    | 
|                       |  | Josh & Becka Taxi Inc          |  | Term Loan                                        |  | 01/15/10        |  | 01/15/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 245    |  |  | $ | 245    | 
|                       |  | Wilner Novaly                  |  | Term Loan                                        |  | 08/12/10        |  | 07/22/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 244    |  |  | $ | 245    | 
|                       |  | M.K. Taxi Inc                  |  | Term Loan                                        |  | 04/14/11        |  | 04/14/15     |  |             | 1   |  |               |  | *  |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 243    |  |  | $ | 245    | 
|                       |  | P.C. Taxi Corp ##              |  | Term Loan                                        |  | 10/07/10        |  | 10/07/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 242    |  |  | $ | 243    | 
|                       |  | Abraham Taxi #1 Corp           |  | Term Loan                                        |  | 12/08/11        |  | 12/08/21     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 240    |  |  | $ | 242    | 
|                       |  | Levangile Milcent              |  | Term Loan                                        |  | 02/16/12        |  | 02/16/15     |  |             | 1   |  |               |  | *  |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          | $ | 240   |           |  | $ | 240    |  |  | $ | 242    | 
|                       |  | Romise Fils-Aime               |  | Term Loan                                        |  | 06/10/10        |  | 06/10/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 240    |  |  | $ | 241    | 
|                       |  | Jean Milo Saintus ##           |  | Term Loan                                        |  | 02/16/12        |  | 02/16/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 239   |           |  | $ | 239    |  |  | $ | 240    | 
|                       |  | Ekny Fils-Aime ##              |  | Term Loan                                        |  | 10/17/11        |  | 10/17/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 237    |  |  | $ | 239    | 
|                       |  | S.J.L.T Joujean Inc            |  | Term Loan                                        |  | 03/15/12        |  | 03/15/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 232   |           |  | $ | 232    |  |  | $ | 234    | 
|                       |  | Semsema Trans Corporation      |  | Term Loan                                        |  | 06/11/09        |  | 06/09/12     |  |             | 1   |  |               |  | *  |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 233    |  |  | $ | 233    | 
|                       |  | Lagrande Taxi Corp             |  | Term Loan                                        |  | 12/11/09        |  | 12/03/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 228    |  |  | $ | 229    | 
|                       |  | Jacob Joseph ##                |  | Term Loan                                        |  | 04/02/09        |  | 04/02/13     |  |             | 1   |  |               |  | *  |                   |  |  | 8.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 225    |  |  | $ | 225    | 
|                       |  | Cmgv #2 Taxi Inc               |  | Term Loan                                        |  | 09/16/10        |  | 09/16/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 223    |  |  | $ | 224    | 
|                       |  | Maitre Joa Llc                 |  | Term Loan                                        |  | 08/04/11        |  | 08/04/15     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 224    |  |  | $ | 224    | 
|                       |  | Dern #2 Taxi Inc               |  | Term Loan                                        |  | 09/16/10        |  | 09/16/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 223    |  |  | $ | 224    | 
|                       |  | One At A Time Time Transport I |  | Term Loan                                        |  | 06/10/10        |  | 06/10/13     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 222    |  |  | $ | 223    | 
|                       |  | Carvin Taxi Inc                |  | Term Loan                                        |  | 04/14/11        |  | 04/14/15     |  |             | 1   |  |               |  | *  |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 220    |  |  | $ | 222    | 
|                       |  | Hg & Zg Corporation            |  | Term Loan                                        |  | 09/17/09        |  | 09/17/12     |  |             | 1   |  |               |  | *  |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 222    |  |  | $ | 222    | 
|                       |  | Joseph Duverneau ##            |  | Term Loan                                        |  | 02/17/11        |  | 02/17/15     |  |             | 1   |  |               |  | *  |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 219    |  |  | $ | 220    | 
|                       |  | Erick Fleuridor ##             |  | Term Loan                                        |  | 08/07/08        |  | 08/07/12     |  |             | 1   |  |               |  | *  |                   |  |  | 8.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 220    |  |  | $ | 219    | 
|                       |  | Joseph And Jamar Inc ##        |  | Term Loan                                        |  | 10/07/10        |  | 10/07/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 216    |  |  | $ | 217    | 
|                       |  | Jean Dalcy ##                  |  | Term Loan                                        |  | 05/12/11        |  | 05/12/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 216    |  |  | $ | 217    | 
|                       |  | Marcillino Corp ##             |  | Term Loan                                        |  | 09/04/08        |  | 09/04/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 216    |  |  | $ | 216    | 
|                       |  | Fils Julien ##                 |  | Term Loan                                        |  | 09/03/09        |  | 09/03/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 212    |  |  | $ | 212    | 
|                       |  | Stany Inc                      |  | Term Loan                                        |  | 05/12/11        |  | 05/12/15     |  |             | 1   |  |               |  | *  |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 210    |  |  | $ | 212    | 
|                       |  | Gerard Revolus                 |  | Term Loan                                        |  | 05/15/08        |  | 04/30/12     |  |             | 1   |  |               |  | *  |                   |  |  | 7.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 210    |  |  | $ | 210    | 
|                       |  | Luckner Etienne ##             |  | Term Loan                                        |  | 02/05/09        |  | 02/13/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 209    |  |  | $ | 209    | 
|                       |  | Alix Exavier ##                |  | Term Loan                                        |  | 04/02/09        |  | 04/02/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 206    |  |  | $ | 205    | 
|                       |  | Timax 426 Inc                  |  | Term Loan                                        |  | 02/05/09        |  | 02/05/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 203    |  |  | $ | 203    | 
|                       |  | Marie Augustin                 |  | Term Loan                                        |  | 02/04/10        |  | 02/04/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 201    |  |  | $ | 202    | 
|                       |  | Herve Dameus & James Dameus ## |  | Term Loan                                        |  | 01/25/11        |  | 01/20/15     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 197    |  |  | $ | 198    | 
|                       |  | Thomas Lahens ##               |  | Term Loan                                        |  | 06/09/11        |  | 06/09/15     |  |             | 1   |  |               |  | *  |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 198    |  |  | $ | 198    | 
|                       |  | Zoune Taxi #2 Inc ##           |  | Term Loan                                        |  | 10/12/11        |  | 10/06/16     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 196    |  |  | $ | 198    | 
|                       |  | Matias Paul ##                 |  | Term Loan                                        |  | 05/12/11        |  | 05/12/15     |  |             | 1   |  |               |  | *  |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 196    |  |  | $ | 197    | 
|                       |  | Daniel Charles 2nd             |  | Term Loan                                        |  | 12/30/09        |  | 12/30/13     |  |             | 1   |  |               |  | *  |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 196    |  |  | $ | 195    | 
|                       |  | Mfc Taxi Corp ##               |  | Term Loan                                        |  | 09/20/11        |  | 09/19/16     |  |             | 1   |  |               |  | *  |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 194    |  |  | $ | 195    | 
|                       |  | Chell 11 Corp                  |  | Term Loan                                        |  | 08/12/10        |  | 08/05/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 192    |  |  | $ | 193    | 
|                       |  | Jodieu Taxi Inc                |  | Term Loan                                        |  | 09/17/09        |  | 09/17/13     |  |             | 1   |  |               |  | *  |                   |  |  | 8.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 192    |  |  | $ | 192    | 
|                       |  | Micheline Luxeus ##            |  | Term Loan                                        |  | 01/08/09        |  | 01/08/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 192    |  |  | $ | 192    | 
|                       |  | Robert Pierre-Louis ##         |  | Term Loan                                        |  | 04/09/10        |  | 04/09/14     |  |             | 1   |  |               |  | *  |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 186    |  |  | $ | 187    | 
|                       |  | Robert Pierre-Louis ##         |  | Term Loan                                        |  | 04/09/10        |  | 04/09/14     |  |             | 1   |  |               |  | *  |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 186    |  |  | $ | 187    | 
|                       |  | Sergo Xavier Previlon ##       |  | Term Loan                                        |  | 10/15/09        |  | 10/15/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 187    |  |  | $ | 186    | 
|                       |  | Marie Jeanne Philemon          |  | Term Loan                                        |  | 07/07/11        |  | 07/07/15     |  |             | 1   |  |               |  | *  |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 182    |  |  | $ | 184    | 
|                       |  | Just 8 Taxi #2 Inc ##          |  | Term Loan                                        |  | 09/20/11        |  | 09/19/15     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 182    |  |  | $ | 184    | 
|                       |  | Erick Fleuridor                |  | Term Loan                                        |  | 12/15/09        |  | 12/02/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 177    |  |  | $ | 178    | 
|                       |  | Bidon Taxi Inc                 |  | Term Loan                                        |  | 08/04/11        |  | 08/04/15     |  |             | 1   |  |               |  | *  |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 174    |  |  | $ | 176    | 
|                       |  | Cassandra & Joseph Sejour Inc  |  | Term Loan                                        |  | 04/09/10        |  | 04/09/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 175    |  |  | $ | 176    | 
|                       |  | Adieula Figaro ##              |  | Term Loan                                        |  | 10/06/11        |  | 10/06/15     |  |             | 1   |  |               |  | *  |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 173    |  |  | $ | 175    | 
|                       |  | Saintilia Charles ##           |  | Term Loan                                        |  | 09/13/10        |  | 09/13/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 174    |  |  | $ | 174    | 
|                       |  | Simone Francois ##             |  | Term Loan                                        |  | 05/06/11        |  | 05/06/15     |  |             | 1   |  |               |  | *  |                   |  |  | 7.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 172    |  |  | $ | 173    | 
|                       |  | Sonson Taxi Inc                |  | Term Loan                                        |  | 04/09/10        |  | 04/09/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 168    |  |  | $ | 169    | 
|                       |  | Jeannot Louis                  |  | Term Loan                                        |  | 06/11/09        |  | 06/11/13     |  |             | 1   |  |               |  | *  |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 168    |  |  | $ | 168    | 
|                       |  | Charata Taxi Inc               |  | Term Loan                                        |  | 04/09/10        |  | 04/09/14     |  |             | 1   |  |               |  | *  |                   |  |  | 7.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 164    |  |  | $ | 165    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                            |  |                                                  |  |                 |  |              |  |             |    |  |               |  |   |                   |  |  |                     |   |  |                                     |   |  |          |   |       |           |  |   |        |  |  |   |        | 
|---------------------- |  | -------------------------- |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | -- |  | ------------- |  | - | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | ----- | --------- |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands) |  | Obligor Name               |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |    |  | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |       | FairValue | 
|                       |  | Antoines Dortin ##         |  | Term Loan                                        |  | 08/12/10        |  | 08/12/14     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 159    |  |  | $ | 160    | 
|                       |  | Ahmad Taxi Inc             |  | Term Loan                                        |  | 06/09/11        |  | 06/09/16     |  |             | 1  |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 158    |  |  | $ | 160    | 
|                       |  | 0127 Incorporated ##       |  | Term Loan                                        |  | 08/07/08        |  | 08/07/12     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 156    |  |  | $ | 156    | 
|                       |  | 424 Taxi Llc               |  | Term Loan                                        |  | 01/20/12        |  | 01/20/17     |  |             | 1  |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          | $ | 155   |           |  | $ | 154    |  |  | $ | 156    | 
|                       |  | Mebele Pierre ##           |  | Term Loan                                        |  | 10/07/10        |  | 10/07/14     |  |             | 1  |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 153    |  |  | $ | 154    | 
|                       |  | Forward Taxi Corp          |  | Term Loan                                        |  | 03/15/12        |  | 03/15/17     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 150   |           |  | $ | 150    |  |  | $ | 152    | 
|                       |  | Charles Agesilas ##        |  | Term Loan                                        |  | 07/10/09        |  | 07/10/14     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 151    |  |  | $ | 151    | 
|                       |  | Yves Frantz Philemon       |  | Term Loan                                        |  | 01/20/11        |  | 01/20/15     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 140    |  |  | $ | 142    | 
|                       |  | Renelus Dieujuste ##       |  | Term Loan                                        |  | 12/03/09        |  | 12/03/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 139    |  |  | $ | 139    | 
|                       |  | Three Sons 2 Taxi Inc      |  | Term Loan                                        |  | 10/15/09        |  | 10/15/15     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 138    |  |  | $ | 139    | 
|                       |  | Jovin Taxi Inc ##          |  | Term Loan                                        |  | 03/09/09        |  | 03/09/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 138    |  |  | $ | 138    | 
|                       |  | E-Z-4-U Inc                |  | Term Loan                                        |  | 01/19/12        |  | 01/19/16     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 139   |           |  | $ | 136    |  |  | $ | 138    | 
|                       |  | Bettie Jean                |  | Term Loan                                        |  | 10/11/07        |  | 10/11/12     |  |             | 1  |  |               |  | * |                   |  |  | 8.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 137    |  |  | $ | 137    | 
|                       |  | Alhayat Taxi Inc           |  | Term Loan                                        |  | 07/07/11        |  | 07/07/15     |  |             | 1  |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 135    |  |  | $ | 137    | 
|                       |  | Lucita Dorely              |  | Term Loan                                        |  | 10/16/09        |  | 10/15/13     |  |             | 1  |  |               |  | * |                   |  |  | 8.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 132    |  |  | $ | 133    | 
|                       |  | Louibert Julien            |  | Term Loan                                        |  | 06/19/09        |  | 06/19/14     |  |             | 1  |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 132    |  |  | $ | 133    | 
|                       |  | Olga Morales               |  | Term Loan                                        |  | 03/15/12        |  | 03/15/16     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 126   |           |  | $ | 126    |  |  | $ | 128    | 
|                       |  | Amilcar Prophete           |  | Term Loan                                        |  | 04/02/09        |  | 04/02/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 127    |  |  | $ | 127    | 
|                       |  | Don Taxi Corp ##           |  | Term Loan                                        |  | 09/02/10        |  | 09/02/14     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 110    |  |  | $ | 111    | 
|                       |  | Saintvill #2 Taxi Corp     |  | Term Loan                                        |  | 12/14/09        |  | 12/03/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 104    |  |  | $ | 105    | 
|                       |  | Gerald Jean-Louis ##       |  | Term Loan                                        |  | 04/02/09        |  | 04/02/13     |  |             | 1  |  |               |  | * |                   |  |  | 8.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 97     |  |  | $ | 97     | 
|                       |  | Praise The Lord Taxi Inc   |  | Term Loan                                        |  | 05/20/11        |  | 05/20/15     |  |             | 1  |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 92     |  |  | $ | 94     | 
|                       |  | Pierre Sterling            |  | Term Loan                                        |  | 01/19/12        |  | 01/19/17     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          | $ | 93    |           |  | $ | 90     |  |  | $ | 92     | 
|                       |  | Pegy Taxi Corp             |  | Term Loan                                        |  | 02/17/11        |  | 02/17/17     |  |             | 1  |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 90     |  |  | $ | 92     | 
|                       |  | Clameus Estimable          |  | Term Loan                                        |  | 05/06/10        |  | 05/06/14     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 91     |  |  | $ | 92     | 
|                       |  | Gethsemane Inc             |  | Term Loan                                        |  | 02/27/09        |  | 02/27/14     |  |             | 1  |  |               |  | * |                   |  |  | 7.68                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 90     |  |  | $ | 90     | 
|                       |  | Mr Clean Sdam Taxi Llc     |  | Term Loan                                        |  | 06/09/11        |  | 06/09/15     |  |             | 1  |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 84     |  |  | $ | 86     | 
|                       |  | Webert Joseph              |  | Term Loan                                        |  | 02/17/11        |  | 02/17/17     |  |             | 1  |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 74     |  |  | $ | 76     | 
|                       |  | Jean Belony                |  | Term Loan                                        |  | 06/09/11        |  | 06/09/16     |  |             | 1  |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 67     |  |  | $ | 69     | 
|                       |  | 100 Taxi #2 Corp           |  | Term Loan                                        |  | 07/25/08        |  | 07/25/15     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 64     |  |  | $ | 65     | 
|                       |  | Abanob Trans Inc           |  | Term Loan                                        |  | 06/14/07        |  | 06/14/14     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 50     |  |  | $ | 50     | 
|                       |  | Saeiid Llc                 |  | Term Loan                                        |  | 09/06/11        |  | 09/06/16     |  |             | 1  |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 43     |  |  | $ | 45     | 
|                       |  | Marie T #2 Taxi Corp       |  | Term Loan                                        |  | 12/07/06        |  | 12/07/13     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 41     |  |  | $ | 41     | 
|                       |  | Marie C Taxi Inc           |  | Term Loan                                        |  | 04/12/07        |  | 04/12/14     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 32     |  |  | $ | 32     | 
|                       |  | Tchacito #2 Taxi Corp      |  | Term Loan                                        |  | 12/07/06        |  | 12/07/13     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 31     |  |  | $ | 31     | 
|                       |  | Graciela Carbajal          |  | Term Loan                                        |  | 05/10/07        |  | 05/10/14     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 31     |  |  | $ | 31     | 
|                       |  | Two Mens Taxi Inc          |  | Term Loan                                        |  | 09/20/00        |  | 09/29/13     |  |             | 1  |  |               |  | * |                   |  |  | 8.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 25     |  |  | $ | 25     | 
|                       |  | Akwaaba Taxi Inc           |  | Term Loan                                        |  | 09/04/08        |  | 09/04/12     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 19     |  |  | $ | 19     | 
|                       |  | Michel Ulysse              |  | Term Loan                                        |  | 04/06/00        |  | 11/01/12     |  |             | 1  |  |               |  | * |                   |  |  | 8.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 16     |  |  | $ | 16     | 
|                       |  |                            |  |                                                  |  |                 |  |              |  |             |   
|Boston                 |  |                            |  |                                                  |  |                 |  |              |  |             | 54 |  |               |  | 9 | %                 |  |  | 6.49                | % |  | $                                   | 0 |  |          | $ | 1,516 |           |  | $ | 15,097 |  |  | $ | 15,131 | 
|                       |  | Chidi Trans Inc ##         |  | Term Loan                                        |  | 11/17/11        |  | 11/17/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 715    |  |  | $ | 715    | 
|                       |  | Chidi Trans Inc ##         |  | Term Loan                                        |  | 07/24/08        |  | 07/24/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 558    |  |  | $ | 557    | 
|                       |  | Arinze Trans Inc           |  | Term Loan                                        |  | 02/05/10        |  | 02/05/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 625    |  |  | $ | 625    | 
|                       |  | Chiso Trans Inc            |  | Term Loan                                        |  | 11/30/09        |  | 11/30/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 565    |  |  | $ | 566    | 
|                       |  | Chiso Trans Inc            |  | Term Loan                                        |  | 07/24/08        |  | 07/24/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 559    |  |  | $ | 559    | 
|                       |  | Arinze Trans Inc ##        |  | Term Loan                                        |  | 07/24/08        |  | 07/24/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 558    |  |  | $ | 557    | 
|                       |  | Johnson Holdings Inc ##    |  | Term Loan                                        |  | 07/24/08        |  | 07/24/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 555    |  |  | $ | 554    | 
|                       |  | Mansour Cab Co Inc ##      |  | Term Loan                                        |  | 01/14/11        |  | 01/14/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 547    |  |  | $ | 547    | 
|                       |  | Memory Cab Company Inc ##  |  | Term Loan                                        |  | 01/14/11        |  | 01/14/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 544    |  |  | $ | 544    | 
|                       |  | Gabriel Trans Holdings Inc |  | Term Loan                                        |  | 11/30/09        |  | 11/30/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 472    |  |  | $ | 473    | 
|                       |  | Jason Cab Inc              |  | Term Loan                                        |  | 03/02/12        |  | 03/02/15     |  |             | 1  |  |               |  | * |                   |  |  | 7.75                | % |  | $                                   | 0 |  |          | $ | 475   |           |  | $ | 410    |  |  | $ | 412    | 
|                       |  | P&P Dumerant Corp          |  | Term Loan                                        |  | 10/28/11        |  | 10/28/14     |  |             | 1  |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 383    |  |  | $ | 385    | 
|                       |  | Odat Taxi, Inc.            |  | Term Loan                                        |  | 01/12/11        |  | 01/12/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 366    |  |  | $ | 367    | 
|                       |  | Jmf Cab Inc ##             |  | Term Loan                                        |  | 03/27/12        |  | 03/27/15     |  |             | 1  |  |               |  | * |                   |  |  | 5.70                | % |  | $                                   | 0 |  |          | $ | 360   |           |  | $ | 360    |  |  | $ | 362    | 
|                       |  | Myra Inc                   |  | Term Loan                                        |  | 11/10/11        |  | 11/10/14     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 353    |  |  | $ | 354    | 
|                       |  | H And H Taxi Inc ##        |  | Term Loan                                        |  | 11/17/11        |  | 11/17/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 349    |  |  | $ | 350    | 
|                       |  | Saint Inc                  |  | Term Loan                                        |  | 11/10/11        |  | 11/10/14     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 349    |  |  | $ | 350    | 
|                       |  | God Is Good Inc ##         |  | Term Loan                                        |  | 02/24/12        |  | 02/24/15     |  |             | 1  |  |               |  | * |                   |  |  | 5.25                | % |  | $                                   | 0 |  |          | $ | 346   |           |  | $ | 345    |  |  | $ | 346    | 
|                       |  | Jv Taxi Inc                |  | Term Loan                                        |  | 11/23/10        |  | 11/23/13     |  |             | 1  |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |       |           |  | $ | 334    |  |  | $ | 335    | 
|                       |  | Shemarjamalie Cab Inc      |  | Term Loan                                        |  | 02/17/12        |  | 02/17/15     |  |             | 1  |  |               |  | * |                   |  |  | 6.15                | % |  | $                                   | 0 |  |          | $ | 335   |           |  | $ | 330    |  |  | $ | 332    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                       |  |                                |  |                                                  |  |                 |  |              |  |             |    |  |               |  |   |                   |  |  |                     |   |  |                                     |   |  |          |   |     |           |  |   |       |  |  |   |       | 
|---------------------- |  | ------------------------------ |  | ------------------------------------------------ |  | --------------- |  | ------------ |  | ----------- | -- |  | ------------- |  | - | ----------------- |  |  | ------------------- | - |  | ----------------------------------- | - |  | -------- | - | --- | --------- |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands) |  | Obligor Name                   |  | SecurityType (allrestrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |  | # ofInvest. |    |  | % ofNetAssets |  |   | InterestRate 
(1) |  |  | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |   |  | Cost (4) |   |     | FairValue | 
|                       |  | Ngozi Trans Inc. ##            |  | Term Loan                                        |  | 04/22/11        |  | 04/22/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 329   |  |  | $ | 330   | 
|                       |  | Andrelina & Suzie Cab Inc      |  | Term Loan                                        |  | 08/17/10        |  | 08/17/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 319   |  |  | $ | 320   | 
|                       |  | Djbell Love Inc ##             |  | Term Loan                                        |  | 08/05/11        |  | 08/05/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 313   |  |  | $ | 314   | 
|                       |  | Jesus Denis Cab Inc ##         |  | Term Loan                                        |  | 09/24/10        |  | 09/24/13     |  |             | 1  |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 310   |  |  | $ | 311   | 
|                       |  | Sasun Cab Inc                  |  | Term Loan                                        |  | 02/26/10        |  | 08/26/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 300   |  |  | $ | 301   | 
|                       |  | Jre Taxi Inc ##                |  | Term Loan                                        |  | 08/26/11        |  | 08/26/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 297   |  |  | $ | 298   | 
|                       |  | Urzal Taxi Inc ##              |  | Term Loan                                        |  | 11/05/10        |  | 11/05/13     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 290   |  |  | $ | 291   | 
|                       |  | Amitaf Cab Inc ##              |  | Term Loan                                        |  | 09/24/10        |  | 09/24/13     |  |             | 1  |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 289   |  |  | $ | 290   | 
|                       |  | Louine Cab Inc                 |  | Term Loan                                        |  | 02/06/09        |  | 02/06/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 282   |  |  | $ | 282   | 
|                       |  | Ngozi Trans Inc. ##            |  | Term Loan                                        |  | 10/14/11        |  | 10/14/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 268   |  |  | $ | 269   | 
|                       |  | Phatricksey Cab Inc ##         |  | Term Loan                                        |  | 07/14/11        |  | 07/14/14     |  |             | 1  |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 268   |  |  | $ | 269   | 
|                       |  | Chardon Taxi Inc               |  | Term Loan                                        |  | 10/20/11        |  | 10/20/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 261   |  |  | $ | 263   | 
|                       |  | Agla, Inc. ##                  |  | Term Loan                                        |  | 04/11/08        |  | 04/11/13     |  |             | 1  |  |               |  | * |                   |  |  | 3.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 234   |  |  | $ | 234   | 
|                       |  | Matrem, Inc. ##                |  | Term Loan                                        |  | 04/11/08        |  | 04/11/13     |  |             | 1  |  |               |  | * |                   |  |  | 3.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 234   |  |  | $ | 234   | 
|                       |  | Amour Inc. ##                  |  | Term Loan                                        |  | 04/11/08        |  | 04/11/13     |  |             | 1  |  |               |  | * |                   |  |  | 3.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 234   |  |  | $ | 234   | 
|                       |  | Belmontagne Inc ##             |  | Term Loan                                        |  | 05/02/08        |  | 05/02/13     |  |             | 1  |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 206   |  |  | $ | 206   | 
|                       |  | Ngozi Trans Inc. ##            |  | Term Loan                                        |  | 06/20/08        |  | 06/20/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 203   |  |  | $ | 203   | 
|                       |  | Stanley & Rachelle Cab Inc     |  | Term Loan                                        |  | 05/23/11        |  | 05/23/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 183   |  |  | $ | 185   | 
|                       |  | Dabola Cab Inc ##              |  | Term Loan                                        |  | 11/10/11        |  | 11/10/14     |  |             | 1  |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 183   |  |  | $ | 185   | 
|                       |  | Mwinkteana Cab Inc ##          |  | Term Loan                                        |  | 05/10/11        |  | 05/10/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 165   |  |  | $ | 166   | 
|                       |  | Chiso Trans Inc Et Al          |  | Term Loan                                        |  | 12/23/10        |  | 12/23/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 117   |  |  | $ | 118   | 
|                       |  | Gabriel Trans Holdings Et Al   |  | Term Loan                                        |  | 07/11/11        |  | 07/11/16     |  |             | 1  |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 80    |  |  | $ | 82    | 
|                       |  | Family Trans Inc               |  | Term Loan                                        |  | 03/20/09        |  | 03/20/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 78    |  |  | $ | 78    | 
|                       |  | Johnson Holdings Inc           |  | Term Loan                                        |  | 10/01/10        |  | 10/01/15     |  |             | 1  |  |               |  | * |                   |  |  | 6.63                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 56    |  |  | $ | 57    | 
|                       |  | Kena Cab Inc ##                |  | Term Loan                                        |  | 11/02/07        |  | 11/02/12     |  |             | 1  |  |               |  | * |                   |  |  | 3.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 57    |  |  | $ | 57    | 
|                       |  | Boband Cab Inc                 |  | Term Loan                                        |  | 05/14/10        |  | 05/14/13     |  |             | 1  |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 46    |  |  | $ | 45    | 
|                       |  | Sarhad Coach Inc               |  | Term Loan                                        |  | 05/23/08        |  | 05/23/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 43    |  |  | $ | 43    | 
|                       |  | Brattle Transpor Service/Mbank |  | Term Loan                                        |  | 12/17/09        |  | 12/17/12     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 40    |  |  | $ | 39    | 
|                       |  | Sunshine Cab Inc ##            |  | Term Loan                                        |  | 06/12/07        |  | 06/12/12     |  |             | 1  |  |               |  | * |                   |  |  | 8.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 29    |  |  | $ | 29    | 
|                       |  | Sasun Cab Inc                  |  | Term Loan                                        |  | 04/01/11        |  | 04/01/16     |  |             | 1  |  |               |  | * |                   |  |  | 6.63                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 25    |  |  | $ | 27    | 
|                       |  | Marthine Cab Inc               |  | Term Loan                                        |  | 09/17/10        |  | 09/17/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 23    |  |  | $ | 24    | 
|                       |  | Dadou Cab Inc/Mbank            |  | Term Loan                                        |  | 01/12/11        |  | 01/12/14     |  |             | 1  |  |               |  | * |                   |  |  | 9.66                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 20    |  |  | $ | 20    | 
|                       |  | Theo Cab Inc/Mbank             |  | Term Loan                                        |  | 01/12/11        |  | 01/12/14     |  |             | 1  |  |               |  | * |                   |  |  | 9.66                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 20    |  |  | $ | 20    | 
|                       |  | O.M. Taxi Inc/Mbank            |  | Term Loan                                        |  | 05/14/10        |  | 05/14/13     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 18    |  |  | $ | 17    | 
|                       |  |                                |  |                                                  |  |                 |  |              |  |             |   
|Cambridge              |  |                                |  | Term loan                                        |  |                 |  |              |  |             | 22 |  |               |  | 4 | %                 |  |  | 6.57                | % |  | $                                   | 0 |  |          | $ | 296 |           |  | $ | 6,433 |  |  | $ | 6,443 | 
|                       |  | Gcf Taxi Inc ##                |  | Term Loan                                        |  | 10/08/10        |  | 10/08/13     |  |             | 1  |  |               |  | * |                   |  |  | 6.60                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 698   |  |  | $ | 697   | 
|                       |  | Gcf Taxi Inc, Et Al/B Note     |  | Term Loan                                        |  | 11/18/10        |  | 11/18/20     |  |             | 1  |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 559   |  |  | $ | 561   | 
|                       |  | Mgf Taxi Inc                   |  | Term Loan                                        |  | 05/06/11        |  | 05/06/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 383   |  |  | $ | 385   | 
|                       |  | Hope-Lynn Cabworks Inc ##      |  | Term Loan                                        |  | 04/01/11        |  | 04/01/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 371   |  |  | $ | 372   | 
|                       |  | Keep It Cool Inc ##            |  | Term Loan                                        |  | 03/31/11        |  | 03/31/14     |  |             | 1  |  |               |  | * |                   |  |  | 6.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 342   |  |  | $ | 343   | 
|                       |  | Desdunes Cab Inc               |  | Term Loan                                        |  | 08/13/10        |  | 08/13/13     |  |             | 1  |  |               |  | * |                   |  |  | 6.38                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 336   |  |  | $ | 337   | 
|                       |  | Drumman Trans Inc              |  | Term Loan                                        |  | 03/28/08        |  | 03/28/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.13                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 336   |  |  | $ | 336   | 
|                       |  | Patrick Cab Inc                |  | Term Loan                                        |  | 12/15/09        |  | 12/15/12     |  |             | 1  |  |               |  | * |                   |  |  | 6.95                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 336   |  |  | $ | 336   | 
|                       |  | Andrew Cab Inc                 |  | Term Loan                                        |  | 12/15/09        |  | 12/15/12     |  |             | 1  |  |               |  | * |                   |  |  | 6.95                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 333   |  |  | $ | 333   | 
|                       |  | Delivrance Cab Inc ##          |  | Term Loan                                        |  | 10/21/09        |  | 10/21/12     |  |             | 1  |  |               |  | * |                   |  |  | 7.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 318   |  |  | $ | 317   | 
|                       |  | Legend Trans Inc               |  | Term Loan                                        |  | 01/29/10        |  | 07/29/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.40                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 316   |  |  | $ | 316   | 
|                       |  | Sam Taxi Inc                   |  | Term Loan                                        |  | 03/19/10        |  | 03/10/13     |  |             | 1  |  |               |  | * |                   |  |  | 6.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 314   |  |  | $ | 315   | 
|                       |  | Walger Inc                     |  | Term Loan                                        |  | 01/26/12        |  | 01/26/15     |  |             | 1  |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          | $ | 296 |           |  | $ | 296   |  |  | $ | 298   | 
|                       |  | Sabine Cab Inc ##              |  | Term Loan                                        |  | 11/23/11        |  | 11/23/14     |  |             | 1  |  |               |  | * |                   |  |  | 5.50                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 285   |  |  | $ | 286   | 
|                       |  | Jablem Cab Inc ##              |  | Term Loan                                        |  | 05/17/10        |  | 05/17/13     |  |             | 1  |  |               |  | * |                   |  |  | 6.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 277   |  |  | $ | 277   | 
|                       |  | Raad Taxi Inc                  |  | Term Loan                                        |  | 06/04/08        |  | 06/04/12     |  |             | 1  |  |               |  | * |                   |  |  | 7.25                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 273   |  |  | $ | 273   | 
|                       |  | Marcia And Everton Cab Inc ##  |  | Term Loan                                        |  | 10/30/09        |  | 10/30/12     |  |             | 1  |  |               |  | * |                   |  |  | 6.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 241   |  |  | $ | 241   | 
|                       |  | Randah Cab Inc ##              |  | Term Loan                                        |  | 11/15/10        |  | 11/15/13     |  |             | 1  |  |               |  | * |                   |  |  | 5.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 218   |  |  | $ | 219   | 
|                       |  | Taxi Technology Inc ##         |  | Term Loan                                        |  | 01/30/09        |  | 01/30/13     |  |             | 1  |  |               |  | * |                   |  |  | 7.75                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 116   |  |  | $ | 116   | 
|                       |  | Viel Cab Inc/Mbank             |  | Term Loan                                        |  | 02/19/10        |  | 02/19/13     |  |             | 1  |  |               |  | * |                   |  |  | 9.22                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 47    |  |  | $ | 47    | 
|                       |  | B & V Cab Inc                  |  | Term Loan                                        |  | 05/07/10        |  | 05/07/13     |  |             | 1  |  |               |  | * |                   |  |  | 8.00                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 21    |  |  | $ | 21    | 
|                       |  | Gasperina Trans Inc/Mbank      |  | Term Loan                                        |  | 09/19/08        |  | 03/19/15     |  |             | 1  |  |               |  | * |                   |  |  | 8.48                | % |  | $                                   | 0 |  |          |   |     |           |  | $ | 17    |  |  | $ | 17    | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                                                                                    |  |   |     |                                                                        |    |                                                  |     |                 |    |              |      |             |       |   |               |   |       |                   |        |   |                     |   |         |                                     |        |   |          |   |        |           |  |   |       |  |  |   |       | 
|----------------------------------------------------------------------------------- |  | - | --- | ---------------------------------------------------------------------- | -- | ------------------------------------------------ | --- | --------------- | -- | ------------ | ---- | ----------- | ----- | - | ------------- | - | ----- | ----------------- | ------ | - | ------------------- | - | ------- | ----------------------------------- | ------ | - | -------- | - | ------ | --------- |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands)                                                              |  |   |     | Obligor Name                                                           |    | SecurityType (allrestrictedunlessotherwisenoted) |     | AcquisitionDate |    | MaturityDate |      | # ofInvest. |       |   | % ofNetAssets |   |       | InterestRate 
(1) |        |   | CapitalizedInterest |   |         | Original Costof
2012Acquisitions(5) |        |   | Cost (4) |   |        | FairValue | 
|Other                                                                               |  |   |     |                                                                        |    |                                                  |     |                 |    |              |      |             | 20    |   |               |   | 2     | %                 |        |   | 6.46                | % |         | $                                   | 0      |   |          | $ | 224    |           |  | $ | 4,186 |  |  | $ | 4,195 | 
|                                                                                    |  |   |     | Dorit Matityahu ##                                                     |    | Term Loan                                        |     | 08/04/11        |    | 08/04/14     |      |             | 1     |   |               |   | 1     | %                 |        |   | 6.25                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 2,175 |  |  | $ | 2,172 | 
|                                                                                    |  |   |     | Sephardic Taxi Llc ##                                                  |    | Term Loan                                        |     | 01/20/11        |    | 01/20/14     |      |             | 1     |   |               |   | *     |                   |        |   | 5.43                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 466   |  |  | $ | 466   | 
|                                                                                    |  |   |     | Brasil Taxi Llc ##                                                     |    | Term Loan                                        |     | 10/20/10        |    | 10/19/13     |      |             | 1     |   |               |   | *     |                   |        |   | 5.43                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 433   |  |  | $ | 433   | 
|                                                                                    |  |   |     | Tjp Inc ##                                                             |    | Term Loan                                        |     | 01/09/12        |    | 01/09/15     |      |             | 1     |   |               |   | *     |                   |        |   | 6.00                | % |         | $                                   | 0      |   |          | $ | 224    |           |  | $ | 224   |  |  | $ | 225   | 
|                                                                                    |  |   |     | Hantin Trans/Aventura Taxi                                             |    | Term Loan                                        |     | 06/16/10        |    | 06/16/17     |      |             | 1     |   |               |   | *     |                   |        |   | 8.25                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 163   |  |  | $ | 165   | 
|                                                                                    |  |   |     | Cristal Cab Co                                                         |    | Term Loan                                        |     | 05/23/11        |    | 05/23/15     |      |             | 1     |   |               |   | *     |                   |        |   | 6.50                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 142   |  |  | $ | 144   | 
|                                                                                    |  |   |     | Zelalem S. Alemu                                                       |    | Term Loan                                        |     | 04/28/08        |    | 04/28/13     |      |             | 1     |   |               |   | *     |                   |        |   | 11.00               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 125   |  |  | $ | 125   | 
|                                                                                    |  |   |     | Wiljean Marcelin                                                       |    | Term Loan                                        |     | 11/17/10        |    | 12/01/15     |      |             | 1     |   |               |   | *     |                   |        |   | 8.25                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 106   |  |  | $ | 108   | 
|                                                                                    |  |   |     | Getrot Michel                                                          |    | Term Loan                                        |     | 03/07/08        |    | 03/23/14     |      |             | 1     |   |               |   | *     |                   |        |   | 7.75                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 91    |  |  | $ | 91    | 
|                                                                                    |  |   |     | Elzira & Luc Cab Inc.                                                  |    | Term Loan                                        |     | 08/17/10        |    | 08/17/13     |      |             | 1     |   |               |   | *     |                   |        |   | 8.25                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 50    |  |  | $ | 51    | 
|                                                                                    |  |   |     | Hantin Transportation Inc                                              |    | Term Loan                                        |     | 09/22/11        |    | 10/01/12     |      |             | 1     |   |               |   | *     |                   |        |   | 8.25                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 47    |  |  | $ | 49    | 
|                                                                                    |  |   |     | Elysse Corporation                                                     |    | Term Loan                                        |     | 09/10/10        |    | 03/10/18     |      |             | 1     |   |               |   | *     |                   |        |   | 8.25                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 33    |  |  | $ | 35    | 
|                                                                                    |  |   |     | Morocco Taxi Llc/Mbank                                                 |    | Term Loan                                        |     | 12/21/10        |    | 12/20/13     |      |             | 1     |   |               |   | *     |                   |        |   | 6.38                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 23    |  |  | $ | 23    | 
|                                                                                    |  |   |     | Congo Taxi Llc/Mbank                                                   |    | Term Loan                                        |     | 02/10/11        |    | 02/10/14     |      |             | 1     |   |               |   | *     |                   |        |   | 6.38                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 23    |  |  | $ | 23    | 
|                                                                                    |  |   |     | Kenya Taxi Llc/Mbank                                                   |    | Term Loan                                        |     | 02/10/11        |    | 02/10/14     |      |             | 1     |   |               |   | *     |                   |        |   | 6.38                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 22    |  |  | $ | 22    | 
|                                                                                    |  |   |     | Oddy Transportation Services I                                         |    | Term Loan                                        |     | 11/26/07        |    | 11/27/14     |      |             | 1     |   |               |   | *     |                   |        |   | 8.00                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 19    |  |  | $ | 19    | 
|                                                                                    |  |   |     | Spsa-1 Inc; Saps-2 Inc; Psas                                           |    | Term Loan                                        |     | 10/15/04        |    | 10/13/12     |      |             | 1     |   |               |   | *     |                   |        |   | 7.50                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 19    |  |  | $ | 19    | 
|                                                                                    |  |   |     | Wiljean Marcelin/Fs                                                    |    | Term Loan                                        |     | 11/17/10        |    | 12/01/15     |      |             | 1     |   |               |   | *     |                   |        |   | 7.00                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 15    |  |  | $ | 15    | 
|                                                                                    |  |   |     | Odney Cab Inc/Mbank                                                    |    | Term Loan                                        |     | 12/22/10        |    | 12/22/15     |      |             | 1     |   |               |   | *     |                   |        |   | 11.50               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 7     |  |  | $ | 7     | 
|                                                                                    |  |   |     | Durosier Xavier/Mbank                                                  |    | Term Loan                                        |     | 08/16/10        |    | 07/01/15     |      |             | 1     |   |               |   | *     |                   |        |   | 7.25                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 3     |  |  | $ | 3     | 
|                                                                                    |  |   |     |                                                                        |    |                                                  |     |                 |    |              |      |             |       |   |               |   |       |                   |        |   |                     |   |         |                                     |        |   |          |   |        |           |  |   |       |  |  |   |       | 
|Total medallion loans ($231,655 pledged as collateral under borrowing arrangements) |  |   | 800 |                                                                        |    |                                                  | 167 | %               |    |              | 4.97 | %           |       | $ | 0             |   |       | $                 | 46,442 |   |                     | $ | 290,639 |                                     |        | $ | 291,025  |  
|                                                                                    |  |   |     |                                                                        |    |                                                  |     |                 |    |              |      |             |       |   |               |   |       |                   |        |   |                     |   |         |                                     |        |   |          |   |        |           |  |   |       |  |  |   |       | 
|Commercial Loans                                                                    |  |   |     |                                                                        |    |                                                  |     |                 |    |              |      |             |       |   |               |   |       |                   |        |   |                     |   |         |                                     |        |   |          |   |        |           |  |  
|Secured mezzanine(18% Minnesota, 16% Florida, 14% Oklahoma, 9% North Carolina,      | 
|7% Deleware, 7% California, 7% New York, 7% Wisconsin and 15% all other states) (2) | 
|Accommodation and Food Services (3% of the total)                                   |  |   |     | Javier & David                                                         |    | Term loan                                        |     | 11/05/10        |    | 11/05/15     |      |             | 1     |   |               |   | *     |                   |        |   | 9.25                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 624   |  |  | $ | 619   | 
|                                                                                    |  |   |     | Star &                                                                 |    | Term loan                                        |     | 06/30/00        |    | 10/01/15     |      |             | 1     |   |               |   | *     |                   |        |   | 10.00               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 1,376 |  |  | $ | 411   | 
|                                                                                    |  |   |     | Multiconcepts &                                                        |    | Term loan                                        |     | 06/30/00        |    | 10/01/15     |      |             | 1     |   |               |   | *     |                   |        |   | 10.00               | % |         | $                                   | 337    |   |          |   |        |           |  | $ | 1,419 |  |  | $ | 339   | 
|Administrative and Support Services (5% of the total)                               |  | + |     | Staff One & (interest rate includes PIK interest of 13%)               |    | Term loan                                        |     | 06/30/08        |    | 12/31/13     |      |             | 1     |   |               |   | 1     | %                 |        |   | 13.00               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 3,306 |  |  | $ | 1,851 | 
|                                                                                    |  | + |     | Staff One & (interest rate includes PIK interest of 13%)               |    | Term loan                                        |     | 09/15/11        |    | 12/31/13     |      |             | 1     |   |               |   | *     |                   |        |   | 13.00               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 100   |  |  | $ | 100   | 
|                                                                                    |  |   |     | Ecological Systems (ESI) & (interest rate includes PIK interest of 9%) |    | Term loan                                        |     | 01/14/05        |    | Matured      |      |             | 1     |   |               |   | *     |                   |        |   | 19.00               | % |         | $                                   | 275    |   |          |   |        |           |  | $ | 5,070 |  |  | $ | 0     | 
|Arts, Entertainment, and Recreation (9% of the total)                               |  |   |     | RPAC Racing (interest rate includes PIK interest of 10%)               |    | Term loan                                        |     | 11/19/10        |    | 11/19/15     |      |             | 1     |   |               |   | 2     | %                 |        |   | 10.00               | % |         | $                                   | 435    |   |          |   |        |           |  | $ | 3,475 |  |  | $ | 3,475 | 
|Health Care and Social Assistance (3% of the total)                                 |  | + |     | Will Vision &                                                          |    | Term loan                                        |     | 06/28/07        |    | 06/30/17     |      |             | 1     |   |               |   | 1     | %                 |        |   | 7.00                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 1,351 |  |  | $ | 1,051 | 
|Manufacturing (69% of the total)                                                    |  | + |     | Reel Power                                                             |    | Term loan                                        |     | 12/31/09        |    | 02/04/14     |      |             | 1     |   |               |   | 2     | %                 |        |   | 14.00               | % |         | $                                   | 86     |   |          |   |        |           |  | $ | 3,586 |  |  | $ | 3,586 | 
|                                                                                    |  |   |     | Motion Tech (interest rate includes PIK interest of 6%)                |    | Term loan                                        |     | 12/23/10        |    | 12/23/15     |      |             | 1     |   |               |   | 2     | %                 |        |   | 18.00               | % |         | $                                   | 237    |   |          |   |        |           |  | $ | 3,237 |  |  | $ | 3,242 | 
|                                                                                    |  |   |     | Imperial Plastics (interest rate includes PIK interest of 3%)          |    | Term loan                                        |     | 12/15/11        |    | 12/31/16     |      |             | 1     |   |               |   | 2     | %                 |        |   | 15.00               | % |         | $                                   | 25     |   |          |   |        |           |  | $ | 2,825 |  |  | $ | 2,843 | 
|                                                                                    |  |   |     | Process Fab & (interest rate includes PIK interest of 8%)              |    | Term loan                                        |     | 04/17/08        |    | 12/31/15     |      |             | 1     |   |               |   | 2     | %                 |        |   | 8.00                | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 4,500 |  |  | $ | 2,810 | 
|                                                                                    |  |   |     | Quaker Bakery (interest rate includes PIK interest of 5%)              |    | Term loan                                        |     | 03/28/12        |    | 03/28/17     |      |             | 1     |   |               |   | 1     | %                 |        |   | 17.00               | % |         | $                                   | 0      |   |          | $ | 2,600  |           |  | $ | 2,600 |  |  | $ | 2,587 | 
|                                                                                    |  | + |     | PACA Foods                                                             |    | Term loan                                        |     | 12/31/10        |    | 12/31/15     |      |             | 1     |   |               |   | 1     | %                 |        |   | 12.00               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 1,500 |  |  | $ | 1,500 | 
|                                                                                    |  | + |     | PACA Foods                                                             |    | Term loan                                        |     | 12/31/10        |    | 12/31/15     |      |             | 1     |   |               |   | *     |                   |        |   | 14.00               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 1,426 |  |  | $ | 823   | 
|                                                                                    |  | + |     | Packaging Specialists (interest rate includes PIK interest of 6%)      |    | Term loan                                        |     | 04/01/08        |    | 04/01/13     |      |             | 1     |   |               |   | 1     | %                 |        |   | 14.00               | % |         | $                                   | 224    |   |          |   |        |           |  | $ | 2,214 |  |  | $ | 2,214 | 
|                                                                                    |  |   |     | Aeration & (interest rate includes PIK interest of 6%)                 |    | Term loan                                        |     | 12/31/10        |    | 06/30/16     |      |             | 1     |   |               |   | 1     | %                 |        |   | 18.00               | % |         | $                                   | 81     |   |          |   |        |           |  | $ | 2,416 |  |  | $ | 2,190 | 
|                                                                                    |  |   |     | Dynamic Systems (interest rate includes PIK interest of 3.5%)          |    | Term loan                                        |     | 12/23/10        |    | 12/23/17     |      |             | 1     |   |               |   | 1     | %                 |        |   | 15.50               | % |         | $                                   | 92     |   |          |   |        |           |  | $ | 2,092 |  |  | $ | 2,092 | 
|                                                                                    |  |   |     | Orchard &                                                              |    | Term loan                                        |     | 03/10/99        |    | Matured      |      |             | 1     |   |               |   | 1     | %                 |        |   | 13.00               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 1,390 |  |  | $ | 1,390 | 
|                                                                                    |  | + |     | Waltek &                                                               |    | Term loan                                        |     | 03/31/06        |    | 03/31/13     |      |             | 1     |   |               |   | 1     | %                 |        |   | 12.00               | % |         | $                                   | 125    |   |          |   |        |           |  | $ | 1,097 |  |  | $ | 1,097 | 
|                                                                                    |  | + |     | Door Engineering                                                       |    | Term loan                                        |     | 12/15/04        |    | 12/15/12     |      |             | 1     |   |               |   | *     |                   |        |   | 13.00               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 640   |  |  | $ | 637   | 
|Professional, Scientific, and Technical Services (0% of the total)                  |  |   |     | McCaully &                                                             |    | Term loan                                        |     | 10/26/11        |    | 11/01/14     |      |             | 1     |   |               |   | *     |                   |        |   | 10.00               | % |         | $                                   | 131    |   |          |   |        |           |  | $ | 131   |  |  | $ | 131   | 
|Retail Trade (1% of the total)                                                      |  |   |     | Retail &                                                               |    | Term loan                                        |     | 06/30/00        |    | 10/01/15     |      |             | 1     |   |               |   | *     |                   |        |   | 10.00               | % |         | $                                   | 110    |   |          |   |        |           |  | $ | 718   |  |  | $ | 342   | 
|Wholesale Trade (10% of the total)                                                  |  |   |     | Twin-Star (interest rate includes PIK interest of 1%)                  |    | Term loan                                        |     | 06/01/07        |    | 04/24/14     |      |             | 1     |   |               |   | 2     | %                 |        |   | 13.00               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 4,000 |  |  | $ | 4,000 | 
|                                                                                    |  | + |     | Las Olas &                                                             |    | Term loan                                        |     | 03/31/08        |    | 03/31/13     |      |             | 1     |   |               |   | *     |                   |        |   | 14.00               | % |         | $                                   | 0      |   |          |   |        |           |  | $ | 2,484 |  |  | $ | 101   | 
|                                                                                    |  |   |     |                                                                        |    |                                                  |     |                 |    |              |      |             |       |   |               |   |       |                   |        |   |                     |   |         |                                     |        |   |          |   |        |           |  |   |       |  |  |   |       | 
|Total secured mezzanine
(2)                                                         |  |   |     |                                                                        | 25 |                                                  |     |                 | 23 | %            |      |             | 13.61 | % |               | $ | 2,158 |                   |        | $ | 2,600               |   |         | $                                   | 53,577 |   |          | $ | 39,431 |          
|                                                                                    |  |   |     |                                                                        |    |                                                  |     |                 |    |              |      |             |       |   |               |   |       |                   |        |   |                     |   |         |                                     |        |   |          |   |        |           |  |   |       |  |  |   |       | 
|Asset-based (64% New York, 25% New Jersey, and 11% all other states)                | 
|Accommodation and Food Services (2% of the total)                                   |  |   |     | Flaum Appetizing Corp.                                                 |    | Revolvingline ofcredit                           |     | 04/27/11        |    | 04/27/12     |      |             | 1     |   |               |   | *     |                   |        |   | 6.00                | % |         | $                                   | 0      |   |          | $ | 0      |           |  | $ | 156   |  |  | $ | 158   | 
|Administrative and Support Services (3% of the total)                               |  |   |     | HHCNY, Inc.                                                            |    | Revolvingline ofcredit                           |     | 06/22/04        |    | 06/22/12     |      |             | 1     |   |               |   | *     |                   |        |   | 5.75                | % |         | $                                   | 0      |   |          | $ | 0      |           |  | $ | 278   |  |  | $ | 271   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                                                                              |  |                                |    |                                                   |  |                 |   |              |  |             |      |   |               |   |   |                   |  |   |                     |   |  |                                     |       |  |          |   |       |           |  |   |       |  |  |   |       | 
|----------------------------------------------------------------------------- |  | ------------------------------ | -- | ------------------------------------------------- |  | --------------- | - | ------------ |  | ----------- | ---- | - | ------------- | - | - | ----------------- |  | - | ------------------- | - |  | ----------------------------------- | ----- |  | -------- | - | ----- | --------- |  | - | ----- |  |  | - | ----- | 
|(Dollars in thousands)                                                        |  | Obligor Name                   |    | Security Type(all
restrictedunlessotherwisenoted) |  | AcquisitionDate |   | MaturityDate |  | # ofInvest. |      |   | % ofNetAssets |   |   | InterestRate 
(1) |  |   | CapitalizedInterest |   |  | Original Costof
2012Acquisitions(5) |       |  | Cost (4) |   |       | FairValue | 
|                                                                              |  | Raritan Building Service Corp  |    | Revolving line of credit                          |  | 06/30/07        |   | 06/30/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.50                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 2     |  |  | $ | 2     | 
|Construction (3% of the total)                                                |  | Triple A. Supplies, Inc. ##    |    | Revolving line of credit                          |  | 07/20/99        |   | 07/20/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 180   |  |  | $ | 177   | 
|                                                                              |  | Basic / Dritac                 |    | Revolving line of credit                          |  | 06/29/99        |   | 06/29/12     |  |             | 1    |   |               |   | * |                   |  |   | 6.00                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 98    |  |  | $ | 97    | 
|Finance and Insurance (8% of the total)                                       |  | Merchant Advance, LLC          |    | Revolving line of credit                          |  | 10/25/05        |   | 10/25/12     |  |             | 1    |   |               |   | * |                   |  |   | 6.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 250   |  |  | $ | 244   | 
|                                                                              |  | US Military                    |    | Revolving line of credit                          |  | 07/25/07        |   | 07/25/12     |  |             | 1    |   |               |   | * |                   |  |   | 4.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 160   |  |  | $ | 153   | 
|                                                                              |  | Special Financing Company, LLC |    | Revolving line of credit                          |  | 02/06/02        |   | 02/06/13     |  |             | 1    |   |               |   | * |                   |  |   | 8.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 100   |  |  | $ | 98    | 
|                                                                              |  | United First Federal Corp.     |    | Revolving line of credit                          |  | 08/04/03        |   | 08/04/12     |  |             | 1    |   |               |   | * |                   |  |   | 7.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 92    |  |  | $ | 91    | 
|                                                                              |  | RAS Group, Inc.                |    | Revolving line of credit                          |  | 02/14/08        |   | 02/14/13     |  |             | 1    |   |               |   | * |                   |  |   | 5.50                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 91    |  |  | $ | 80    | 
|                                                                              |  | North Shore Leasing & Funding  |    | Revolving line of credit                          |  | 11/10/11        |   | 11/10/12     |  |             | 1    |   |               |   | * |                   |  |   | 8.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 47    |  |  | $ | 41    | 
|Health Care and Social Assistance (0% of the total)                           |  | Heart to Heart Home Care ##    |    | Revolving line of credit                          |  | 10/02/07        |   | 10/02/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 18    |  |  | $ | 9     | 
|Manufacturing (10% of the total)                                              |  | Summit Steel & Manufacturing   |    | Revolving line of credit                          |  | 08/01/08        |   | 08/01/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.50                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 307   |  |  | $ | 299   | 
|                                                                              |  | Danbury Pharma, LLC            |    | Revolving line of credit                          |  | 05/06/11        |   | 05/06/12     |  |             | 1    |   |               |   | * |                   |  |   | 7.00                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 150   |  |  | $ | 152   | 
|                                                                              |  | Absecon Mills, Inc. ##         |    | Revolving line of credit                          |  | 07/07/04        |   | 07/07/12     |  |             | 1    |   |               |   | * |                   |  |   | 6.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 158   |  |  | $ | 152   | 
|                                                                              |  | Matthew Die Division LLC       |    | Revolving line of credit                          |  | 02/18/10        |   | 02/18/13     |  |             | 1    |   |               |   | * |                   |  |   | 6.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 129   |  |  | $ | 122   | 
|                                                                              |  | Douglass Industries, Inc. ##   |    | Revolving line of credit                          |  | 07/07/04        |   | 07/07/12     |  |             | 1    |   |               |   | * |                   |  |   | 6.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 105   |  |  | $ | 102   | 
|                                                                              |  | Fine Line Graphics, Inc.       |    | Revolving line of credit                          |  | 11/29/05        |   | 11/29/12     |  |             | 1    |   |               |   | * |                   |  |   | 6.50                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 70    |  |  | $ | 64    | 
|                                                                              |  | JLM Couture Inc.               |    | Revolving line of credit                          |  | 06/22/10        |   | 06/22/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 22    |  |  | $ | 22    | 
|Retail Trade (8% of the total)                                                |  | The Dependable Food Corp. ##   |    | Revolving line of credit                          |  | 10/19/98        |   | 10/19/12     |  |             | 1    |   |               |   | * |                   |  |   | 4.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 191   |  |  | $ | 188   | 
|                                                                              |  | CNC Associated N.Y.            |    | Revolving line of credit                          |  | 07/24/01        |   | 07/24/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 187   |  |  | $ | 184   | 
|                                                                              |  | I & E Tire Corp. ##            |    | Revolving line of credit                          |  | 12/21/98        |   | 12/21/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 156   |  |  | $ | 154   | 
|                                                                              |  | Cyrus R. Fox, Inc. ##          |    | Revolving line of credit                          |  | 08/31/06        |   | 08/31/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 155   |  |  | $ | 149   | 
|                                                                              |  | Colt, Inc.                     |    | Revolving line of credit                          |  | 10/12/04        |   | 10/12/12     |  |             | 1    |   |               |   | * |                   |  |   | 6.14                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 60    |  |  | $ | 57    | 
|Transportation and Warehousing (15% of the total)                             |  | Fleet Radio Dispatch Corp. ##  |    | Revolving line of credit                          |  | 12/31/01        |   | 12/31/12     |  |             | 1    |   |               |   | * |                   |  |   | 6.00                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 706   |  |  | $ | 695   | 
|                                                                              |  | Communicar Incorporated ##     |    | Revolving line of credit                          |  | 02/06/04        |   | 02/06/13     |  |             | 1    |   |               |   | * |                   |  |   | 7.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 397   |  |  | $ | 391   | 
|                                                                              |  | Chauffeured Services Unlimited |    | Revolving line of credit                          |  | 05/02/06        |   | 05/02/12     |  |             | 1    |   |               |   | * |                   |  |   | 8.00                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 204   |  |  | $ | 201   | 
|                                                                              |  | Big Daddy Drayage, Inc.        |    | Revolving line of credit                          |  | 10/18/06        |   | 10/18/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 42    |  |  | $ | 35    | 
|                                                                              |  | Luxury Worldwide               |    | Revolving line of credit                          |  | 07/20/07        |   | 07/20/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 13    |  |  | $ | 11    | 
|Wholesale Trade (50% of the total)                                            |  | Capitalsea, LLC ##             |    | Revolving line of credit                          |  | 11/07/05        |   | 11/07/12     |  |             | 1    |   |               |   | 1 | %                 |  |   | 4.50                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 2,022 |  |  | $ | 1,988 | 
|                                                                              |  | Atlantic Veal & Lamb, Inc. ##  |    | Revolving line of credit                          |  | 08/15/01        |   | 08/15/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.50                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 747   |  |  | $ | 736   | 
|                                                                              |  | Newburg Egg Corp. ##           |    | Revolving line of credit                          |  | 03/16/99        |   | 03/16/13     |  |             | 1    |   |               |   | * |                   |  |   | 6.00                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 597   |  |  | $ | 588   | 
|                                                                              |  | Pride of Neptune, Inc. ##      |    | Revolving line of credit                          |  | 01/14/02        |   | 01/14/13     |  |             | 1    |   |               |   | * |                   |  |   | 4.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 252   |  |  | $ | 248   | 
|                                                                              |  | REL International              |    | Revolving line of credit                          |  | 04/11/07        |   | 04/11/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 247   |  |  | $ | 225   | 
|                                                                              |  | Magic Moments                  |    | Revolving line of credit                          |  | 01/23/08        |   | 01/23/13     |  |             | 1    |   |               |   | * |                   |  |   | 6.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 157   |  |  | $ | 148   | 
|                                                                              |  | Plymouth Rock Fuel Corp        |    | Revolving line of credit                          |  | 11/16/10        |   | 11/16/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 155   |  |  | $ | 147   | 
|                                                                              |  | A. Stein Meat Products         |    | Revolving line of credit                          |  | 01/13/12        |   | 01/13/13     |  |             | 1    |   |               |   | * |                   |  |   | 6.00                | % |  | $                                   | 0     |  |          | $ | 267   |           |  | $ | 122   |  |  | $ | 124   | 
|                                                                              |  | Medicom LLC                    |    | Revolving line of credit                          |  | 07/28/10        |   | 07/28/12     |  |             | 1    |   |               |   | * |                   |  |   | 5.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 104   |  |  | $ | 102   | 
|                                                                              |  | Banner Smoked Fish, Inc. ##    |    | Revolving line of credit                          |  | 03/27/01        |   | 03/27/13     |  |             | 1    |   |               |   | * |                   |  |   | 5.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 54    |  |  | $ | 53    | 
|                                                                              |  | Snow Shoe Refractories, LLC    |    | Revolving line of credit                          |  | 11/30/11        |   | 11/30/12     |  |             | 1    |   |               |   | * |                   |  |   | 6.00                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 28    |  |  | $ | 29    | 
|                                                                              |  | Garden State Dental Supplies   |    | Revolving line of credit                          |  | 02/04/11        |   | 02/04/13     |  |             | 1    |   |               |   | * |                   |  |   | 6.75                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 14    |  |  | $ | 16    | 
|                                                                              |  | Two Cousins Fish Market, Inc.  |    | Revolving line of credit                          |  | 01/23/99        |   | 01/23/13     |  |             | 1    |   |               |   | * |                   |  |   | 5.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 1     |  |  | $ | 1     | 
|                                                                              |  |                                |    |                                                   |  |                 |   |              |  |             |      |   |               |   |   |                   |  |   |                     |   |  |                                     |       |  |          |   |       |           |  |   |       |  |  |   |       | 
|Total asset-based ($5,410 pledged as collateral under borrowing arrangements) |  |                                | 42 |                                                   |  |                 | 5 | %            |  |             | 5.65 | % |               | $ | 0 |                   |  | $ | 267                 |   |  | $                                   | 9,024 |  |          | $ | 8,804 |          
|                                                                              |  |                                |    |                                                   |  |                 |   |              |  |             |      |   |               |   |   |                   |  |   |                     |   |  |                                     |       |  |          |   |       |           |  |   |       |  |  |   |       | 
|Other secured commercial (75% New York, 23% New Jersey and 2% Illinois)       | 
|Accommodation and Food Services (48% of the total)                            |  | Dune Deck Owners Corp ##       |    | Term loan                                         |  | 04/24/07        |   | 03/31/14     |  |             | 1    |   |               |   | 2 | %                 |  |   | 7.25                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 3,097 |  |  | $ | 3,097 | 
|                                                                              |  | El Tropico Family Rest Ii Llc  |    | Term loan                                         |  | 11/29/05        |   | 11/18/12     |  |             | 1    |   |               |   | * |                   |  |   | 10.75               | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 309   |  |  | $ | 309   | 
|                                                                              |  | El Tropico Family Rest Ii/B No |    | Term loan                                         |  | 12/23/08        |   | 06/25/12     |  |             | 1    |   |               |   | * |                   |  |   | 11.00               | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 2     |  |  | $ | 2     | 
|                                                                              |  | Cardenas Corp                  |    | Term loan                                         |  | 07/29/08        |   | 07/29/14     |  |             | 1    |   |               |   | * |                   |  |   | 10.50               | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 196   |  |  | $ | 195   | 
|                                                                              |  | Pc One Inc Dba The Willett Hou |    | Term loan                                         |  | 05/25/05        |   | 03/25/13     |  |             | 1    |   |               |   | * |                   |  |   | 8.50                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 169   |  |  | $ | 169   | 
|                                                                              |  | Dna Restaurant Corp            |    | Term loan                                         |  | 07/14/06        |   | 10/14/12     |  |             | 1    |   |               |   | * |                   |  |   | 12.50               | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 31    |  |  | $ | 31    | 
|Other Services (except Public Administration) (3% of the total)               |  | 2617 S Wabash Ave Realty Llc   |    | Term loan                                         |  | 01/16/04        |   | 01/16/14     |  |             | 1    |   |               |   | * |                   |  |   | 5.50                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 148   |  |  | $ | 148   | 
|                                                                              |  | Newco Laundry Systems I Inc    |    | Term loan                                         |  | 05/02/09        |   | 05/02/14     |  |             | 1    |   |               |   | * |                   |  |   | 6.50                | % |  | $                                   | 0     |  |          |   |       |           |  | $ | 123   |  |  | $ | 124   | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                                                                                                 |  |   |     |                                                 |  |                                                  |    |                 |  |              |       |             |   |   |               |  |    |                   |       |  |                     |   |        |                                     |   |   |          |   |     |           |  |   |        |  |  |   |        | 
|------------------------------------------------------------------------------------------------ |  | - | --- | ----------------------------------------------- |  | ------------------------------------------------ | -- | --------------- |  | ------------ | ----- | ----------- | - | - | ------------- |  | -- | ----------------- | ----- |  | ------------------- | - | ------ | ----------------------------------- | - | - | -------- | - | --- | --------- |  | - | ------ |  |  | - | ------ | 
|(Dollars in thousands)                                                                           |  |   |     | Obligor Name                                    |  | SecurityType (allrestrictedunlessotherwisenoted) |    | AcquisitionDate |  | MaturityDate |       | # ofInvest. |   |   | % ofNetAssets |  |    | InterestRate 
(1) |       |  | CapitalizedInterest |   |        | Original Costof
2012Acquisitions(5) |   |   | Cost (4) |   |     | FairValue | 
|Real Estate and Rental and Leasing (3% of the total)                                             |  |   |     | Rala Management                                 |  | Term loan                                        |    | 04/22/99        |  | 09/01/15     |       |             | 1 |   |               |  | *  |                   |       |  | 4.75                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 136    |  |  | $ | 136    | 
|                                                                                                 |  |   |     | Thursday Morning Inc                            |  | Term loan                                        |    | 04/01/10        |  | 04/01/15     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 80     |  |  | $ | 75     | 
|Retail Trade (41% of the total)                                                                  |  |   |     | Guyonamar Food Corp                             |  | Term loan                                        |    | 03/17/11        |  | 03/17/16     |       |             | 1 |   |               |  | *  |                   |       |  | 9.25                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 750    |  |  | $ | 745    | 
|                                                                                                 |  |   |     | Antonio Rosado                                  |  | Term loan                                        |    | 03/15/12        |  | 03/15/17     |       |             | 1 |   |               |  | *  |                   |       |  | 9.50                | % |        | $                                   | 0 |   |          | $ | 675 |           |  | $ | 675    |  |  | $ | 669    | 
|                                                                                                 |  |   |     | F.J.P. Meat Market Inc                          |  | Term loan                                        |    | 02/06/12        |  | 02/06/17     |       |             | 1 |   |               |  | *  |                   |       |  | 9.50                | % |        | $                                   | 0 |   |          | $ | 360 |           |  | $ | 356    |  |  | $ | 354    | 
|                                                                                                 |  |   |     | 616 Broadway Llc                                |  | Term loan                                        |    | 02/10/11        |  | 12/17/14     |       |             | 1 |   |               |  | *  |                   |       |  | 8.50                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 351    |  |  | $ | 350    | 
|                                                                                                 |  |   |     | Drr Enterprises Llc                             |  | Term loan                                        |    | 10/28/08        |  | 10/17/13     |       |             | 1 |   |               |  | *  |                   |       |  | 11.00               | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 195    |  |  | $ | 195    | 
|                                                                                                 |  |   |     | Red Hook Meat Corp                              |  | Term loan                                        |    | 09/24/07        |  | 03/14/13     |       |             | 1 |   |               |  | *  |                   |       |  | 11.50               | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 423    |  |  | $ | 153    | 
|                                                                                                 |  |   |     | New Era Meat Supermarket Llc                    |  | Term loan                                        |    | 09/13/06        |  | 09/16/12     |       |             | 1 |   |               |  | *  |                   |       |  | 12.00               | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 134    |  |  | $ | 134    | 
|                                                                                                 |  |   |     | Mi Favorita Food Corp                           |  | Term loan                                        |    | 08/13/09        |  | 12/26/14     |       |             | 1 |   |               |  | *  |                   |       |  | 9.25                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 118    |  |  | $ | 118    | 
|                                                                                                 |  |   |     | Moderne Barn Wines&Spirits Inc                  |  | Term loan                                        |    | 12/07/09        |  | 08/09/16     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 101    |  |  | $ | 101    | 
|                                                                                                 |  |   |     | G&C Grocery Inc                                 |  | Term loan                                        |    | 05/19/08        |  | 08/23/15     |       |             | 1 |   |               |  | *  |                   |       |  | 0.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 97     |  |  | $ | 96     | 
|                                                                                                 |  |   |     | 39-04 Skillman Llc & G&A Auto                   |  | Term loan                                        |    | 08/04/11        |  | 08/04/14     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 88     |  |  | $ | 90     | 
|                                                                                                 |  |   |     | East Bronx Food Corp                            |  | Term loan                                        |    | 04/23/08        |  | 04/23/13     |       |             | 1 |   |               |  | *  |                   |       |  | 11.00               | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 76     |  |  | $ | 76     | 
|                                                                                                 |  |   |     | Julio Castillo                                  |  | Term loan                                        |    | 08/18/08        |  | 03/01/14     |       |             | 1 |   |               |  | *  |                   |       |  | 10.50               | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 64     |  |  | $ | 64     | 
|                                                                                                 |  |   |     | Salomon Deli Grocery Corp                       |  | Term loan                                        |    | 05/19/08        |  | 05/19/13     |       |             | 1 |   |               |  | *  |                   |       |  | 10.75               | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 52     |  |  | $ | 52     | 
|Transportation and Warehousing (5% of the total)                                                 |  |   |     | Fa Management Inc                               |  | Term loan                                        |    | 01/20/12        |  | 12/20/12     |       |             | 1 |   |               |  | *  |                   |       |  | 5.65                | % |        | $                                   | 0 |   |          | $ | 250 |           |  | $ | 205    |  |  | $ | 207    | 
|                                                                                                 |  |   |     | United Management Group Inc                     |  | Term loan                                        |    | 08/25/10        |  | 08/18/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 36     |  |  | $ | 37     | 
|                                                                                                 |  |   |     | United Management Group Inc                     |  | Term loan                                        |    | 12/08/10        |  | 12/06/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 27     |  |  | $ | 28     | 
|                                                                                                 |  |   |     | United Management Group Inc                     |  | Term loan                                        |    | 11/01/10        |  | 10/28/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 24     |  |  | $ | 25     | 
|                                                                                                 |  |   |     | United Management Group Inc                     |  | Term loan                                        |    | 07/14/10        |  | 07/12/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 20     |  |  | $ | 20     | 
|                                                                                                 |  |   |     | United Management Group Inc                     |  | Term loan                                        |    | 07/26/10        |  | 07/22/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 15     |  |  | $ | 16     | 
|                                                                                                 |  |   |     | United Management Group Inc                     |  | Term loan                                        |    | 10/07/10        |  | 10/05/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 14     |  |  | $ | 15     | 
|                                                                                                 |  |   |     | United Management Group Inc                     |  | Term loan                                        |    | 06/11/10        |  | 06/08/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 12     |  |  | $ | 12     | 
|                                                                                                 |  |   |     | United Management Group Inc                     |  | Term loan                                        |    | 09/15/10        |  | 09/15/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 7      |  |  | $ | 8      | 
|                                                                                                 |  |   |     | United Management Group Inc                     |  | Term loan                                        |    | 06/21/10        |  | 06/14/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 8      |  |  | $ | 8      | 
|                                                                                                 |  |   |     | Pro-Serve Auto Care Inc                         |  | Term loan                                        |    | 12/02/10        |  | 11/22/13     |       |             | 1 |   |               |  | *  |                   |       |  | 6.50                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 16     |  |  | $ | 17     | 
|                                                                                                 |  |   |     | Pro-Serve Auto Care Inc                         |  | Term loan                                        |    | 07/07/09        |  | 06/19/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.50                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 1      |  |  | $ | 1      | 
|                                                                                                 |  |   |     | Pro-Serve Auto Care Inc                         |  | Term loan                                        |    | 06/08/09        |  | 05/26/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.50                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 0      |  |  | $ | 0      | 
|                                                                                                 |  |   |     | Pro-Serve Auto Care Inc                         |  | Term loan                                        |    | 06/08/09        |  | 05/26/12     |       |             | 1 |   |               |  | *  |                   |       |  | 6.50                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 0      |  |  | $ | 0      | 
|                                                                                                 |  |   |     |                                                 |  |                                                  |    |                 |  |              |       |             |   |   |               |  |    |                   |       |  |                     |   |        |                                     |   |   |          |   |     |           |  |   |        |  |  |   |        | 
|Total other secured commercial loans ($3,097 pledged as collateral under borrowing
arrangements) |  |   | 38  |                                                 |  |                                                  | 5  | %               |  |              | 8.25  | %           |   | $ | 0             |  |    | $                 | 1,285 |  |                     | $ | 8,156  |                                     |   | $ | 7,877    |  
|                                                                                                 |  |   |     |                                                 |  |                                                  |    |                 |  |              |       |             |   |   |               |  |    |                   |       |  |                     |   |        |                                     |   |   |          |   |     |           |  |   |        |  |  |   |        | 
|Total commercial loans ($8,507 pledged as collateral under borrowing arrangements)(2)            |  |   | 105 |                                                 |  |                                                  | 32 | %               |  |              | 11.98 | %           |   | $ | 2,158         |  |    | $                 | 4,152 |  |                     | $ | 70,757 |                                     |   | $ | 56,111   |  
|                                                                                                 |  |   |     |                                                 |  |                                                  |    |                 |  |              |       |             |   |   |               |  |    |                   |       |  |                     |   |        |                                     |   |   |          |   |     |           |  |   |        |  |  |   |        | 
|Commercial Banking                                                                               |  |   |     | Medallion Bank **                               |  | 100% ofcommonstock                               |    | 05/16/02        |  | None         |       |             | 1 |   |               |  | 49 | %                 |       |  | 7.65                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 85,007 |  |  | $ | 85,007 | 
|Real Estate                                                                                      |  |   |     | Medallion Hamptons Holding LLC                  |  | 100% ofmembershipinterests                       |    | 06/21/05        |  | None         |       |             | 1 |   |               |  | 1  | %                 |       |  | 0.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 2,506  |  |  | $ | 2,506  | 
|Loan Servicing                                                                                   |  |   |     | Medallion Servicing Corp.                       |  | 100% ofcommonstock                               |    | 11/05/10        |  | None         |       |             | 1 |   |               |  | *  |                   |       |  | 0.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 565    |  |  | $ | 565    | 
|Advertising                                                                                      |  |   |     | Generation Outdoor, Inc.                        |  | 100% ofcommonstock                               |    | 12/20/04        |  | None         |       |             | 1 |   |               |  | *  |                   |       |  | 0.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 92     |  |  | $ | 92     | 
|Advertising                                                                                      |  |   |     | Medallion Sports Media, Inc.                    |  | 100% ofcommonstock                               |    | 01/05/11        |  | None         |       |             | 1 |   |               |  | *  |                   |       |  | 0.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 37     |  |  | $ | 37     | 
|                                                                                                 |  |   |     |                                                 |  |                                                  |    |                 |  |              |       |             |   |   |               |  |    |                   |       |  |                     |   |        |                                     |   |   |          |   |     |           |  |   |        |  |  |   |        | 
|Investment in Medallion Bank and other controlled subsidiaries, net                              |  |   | 5   |                                                 |  |                                                  | 51 | %               |  |              | 7.37  | %           |   | $ | 0             |  |    | $                 | 0     |  |                     | $ | 88,207 |                                     |   | $ | 88,207   |  
|                                                                                                 |  |   |     |                                                 |  |                                                  |    |                 |  |              |       |             |   |   |               |  |    |                   |       |  |                     |   |        |                                     |   |   |          |   |     |           |  |   |        |  |  |   |        | 
|Equity investments                                                                               |  |   |     |                                                 |  |                                                  |    |                 |  |              |       |             |   |   |               |  |    |                   |       |  |                     |   |        |                                     |   |   |          |   |     |           |  |   |        |  |  |   |        | 
|Appliance Recycler #                                                                             |  |   |     | Appliance Recycling Centers of America, Inc. ** |  | 8.86% ofcommonstock                              |    | 09/10/98        |  | None         |       |             | 1 |   |               |  | 1  | %                 |       |  | 0.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 0      |  |  | $ | 2,012  | 
|Commercial Finance                                                                               |  |   |     | Convergent Capital, Ltd                         |  | 7% oflimitedpartnershipinterest                  |    | 07/20/07        |  | None         |       |             | 1 |   |               |  | 1  | %                 |       |  | 0.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 1,094  |  |  | $ | 1,214  | 
|Banking                                                                                          |  |   |     | FNBNY, Inc.                                     |  | *                                                |    | 03/30/12        |  | None         |       |             | 1 |   |               |  | *  |                   |       |  | 0.00                | % |        | $                                   | 0 |   |          | $ | 750 |           |  | $ | 750    |  |  | $ | 750    | 
|NASCAR Race Team                                                                                 |  |   |     | Medallion MotorSports, LLC                      |  | 75% oflimitedliabilityinterest                   |    | 11/24/10        |  | None         |       |             | 1 |   |               |  | *  |                   |       |  | 0.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 454    |  |  | $ | 454    | 
|Machinery Manufacturer                                                                           |  | + |     | Reel Power International, Inc.                  |  | 2% ofcommonstock                                 |    | 08/04/08        |  | None         |       |             | 1 |   |               |  | *  |                   |       |  | 0.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 318    |  |  | $ | 318    | 
|Real Estate Investment                                                                           |  |   |     | PMC Commercial Trust **                         |  | *                                                |    | 12/30/10        |  | None         |       |             | 1 |   |               |  | *  |                   |       |  | 7.40                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 901    |  |  | $ | 279    | 
|Surgical Instruments                                                                             |  |   |     | Summit Medical, Inc.                            |  | 9.25% ofcommonstock                              |    | 11/01/10        |  | None         |       |             | 1 |   |               |  | *  |                   |       |  | 0.00                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 135    |  |  | $ | 135    | 
|Insurance                                                                                        |  |   |     | Metlife, Inc. **                                |  | *                                                |    | 12/30/10        |  | None         |       |             | 1 |   |               |  | *  |                   |       |  | 1.98                | % |        | $                                   | 0 |   |          |   |     |           |  | $ | 5      |  |  | $ | 3      | 



---

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012



|                                                                                 |  |                                        |  |                                                   |  |                 |  |              |     |             |    |  |               |   |   |                   |      |   |                     |   |       |                                     |   |   |          |   |       |           |         |   |       |   |         |   |       | 
|-------------------------------------------------------------------------------- |  | -------------------------------------- |  | ------------------------------------------------- |  | --------------- |  | ------------ | --- | ----------- | -- |  | ------------- | - | - | ----------------- | ---- | - | ------------------- | - | ----- | ----------------------------------- | - | - | -------- | - | ----- | --------- | ------- | - | ----- | - | ------- | - | ----- | 
|(Dollars in thousands)                                                           |  | ObligorName                            |  | Security Type(all
restrictedunlessotherwisenoted) |  | AcquisitionDate |  | MaturityDate |     | # ofInvest. |    |  | % ofNetAssets |   |   | InterestRate 
(1) |      |   | CapitalizedInterest |   |       | Original Costof
2012Acquisitions(5) |   |   | Cost (4) |   |       | FairValue |        
|Equipment Manufacturing                                                          |  | Aeration Industries International, LLC |  | 5.25% of limited liability interest               |  | 12/31/10        |  | None         |     |             | 1  |  |               |   | * |                   |      |   | 0.00                | % |       | $                                   | 0 |   |          | $ | 0     |           |         | $ | 365   |   |         | $ | 0     | 
|Radio Station Broadcasting                                                       |  | On Top                                 |  | *                                                 |  | 12/05/02        |  | None         |     |             | 1  |  |               |   | * |                   |      |   | 0.00                | % |       | $                                   | 0 |   |          | $ | 0     |           |         | $ | 200   |   |         | $ | 0     | 
|Bakery                                                                           |  | Quaker Bakery                          |  | *                                                 |  | 03/28/12        |  | None         |     |             | 1  |  |               |   | * |                   |      |   | 0.00                | % |       | $                                   | 0 |   |          | $ | 359   |           |         | $ | 359   |   |         | $ | 359   | 
|                                                                                 |  |                                        |  |                                                   |  |                 |  |              |     |             |    |  |               |   |   |                   |      |   |                     |   |       |                                     |   |   |          |   |       |           |         |   |       |   |         |   |       | 
|Equity investments, net                                                          |  |                                        |  |                                                   |  |                 |  |              |     |             | 11 |  |               |   | 3 | %                 |      |   | 1.46                | % |       | $                                   | 0 |   |          | $ | 1,109 |           |         | $ | 4,581 |   |         | $ | 5,524 | 
|                                                                                 |  |                                        |  |                                                   |  |                 |  |              |     |             |    |  |               |   |   |                   |      |   |                     |   |       |                                     |   |   |          |   |       |           |         |   |       |   |         |   |       | 
|Investment securities                                                            |  |                                        |  |                                                   |  |                 |  |              |     |             |    |  |               |   |   |                   |      |   |                     |   |       |                                     |   |   |          |   |       |           |         |   |       |   |         |   |       | 
|Investment securities, net                                                       |  |                                        |  |                                                   |  |                 |  |              |     |             | 0  |  |               |   | 0 | %                 |      |   | 0.00                | % |       | $                                   | 0 |   |          | $ | 0     |           |         | $ | 0     |   |         | $ | 0     | 
|                                                                                 |  |                                        |  |                                                   |  |                 |  |              |     |             |    |  |               |   |   |                   |      |   |                     |   |       |                                     |   |   |          |   |       |           |         |   |       |   |         |   |       | 
|Net Investments ($240,162 pledged as collateral under borrowing arrangements)(3) |  |                                        |  |                                                   |  |                 |  |              | 921 |             |    |  | 253           | % |   |                   | 6.49 | % |                     | $ | 2,158 |                                     |   | $ | 51,703   |   |       | $         | 454,184 |   |       | $ | 440,867 |  
|                                                                                 |  |                                        |  |                                                   |  |                 |  |              |     |             |    |  |               |   |   |                   |      |   |                     |   |       |                                     |   |   |          |   |       |           |         |   |       |   |         |   |       | 



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

|(2) | Included in secured mezzanine commercial loans was $2,158 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 252%.
|--- | --------------------------------------------------------------------

|(4) | Gross unrealized appreciation, gross unrealized depreciation, and net appreciation for federal income tax purposes totaled $34,119, $23,771 and $10,348, respectively .
The tax cost of investments was $430,519.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

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

|** | Not an eligible portfolio company as such term is defined in Section 2(a)(46) of the 1940 Act. The percentage value of all non-eligible portfolio companies to
total assets of Medallion Financial on an unconsolidated basis was up to 27% and up to 16% on a consolidated basis.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

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

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

|+ | Includes various warrants, all of which have a cost and fair value of zero at March 31, 2012.
|- | ---------------------------------------------------------------------------------------------



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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





---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedules of Investments

December 31, 2011



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



---

Medallion Financial Corp.

Consolidated Schedules of Investments

December 31, 2011



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



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

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

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

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

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

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

|** | Not an eligible portfolio company as such term is defined in Section 2(a)(46) of the 1940 Act. The percentage value of all non-eligible portfolio companies to
total assets of Medallion Financial on an unconsolidated basis was up to 27% and up to 16% on a consolidated basis.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

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

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

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