We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Medallion Financial Corporation | NASDAQ:MFIN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.12 | 1.53% | 7.97 | 6.94 | 8.50 | 8.00 | 7.84 | 7.94 | 43,476 | 01:00:00 |
Medallion Financial Corp. (Nasdaq: MFIN, “Medallion Financial” or the “Company”) announced today that it has filed the Company’s withdrawal form of its business development company (“BDC”) election with the SEC and going forward will operate as a non-investment company.
The Company believes functioning as a traditional operating company will provide several significant benefits for Medallion and its shareholders, including:
“With today’s filing, we are now able to streamline our financial presentation and operations under Medallion Financial Corp. and have truly become ‘One Medallion’,” stated Andrew Murstein, President of Medallion Financial. “Importantly, from a long-term strategic perspective, we will continue to execute on our vision of creating value through our consumer lending and mezzanine portfolios. We want to thank everyone for their hard work to bring us to this point, as well as the ongoing support from both our long-term and new shareholders.”
About Medallion Financial Corp.
Medallion Financial Corp. is a specialty finance company that originates and services loans in various industries, and its wholly-owned portfolio company, Medallion Bank, also originates and services consumer loans. The Company and its subsidiaries have lent approximately $7 billion to small businesses.
Please note that this press release contains forward-looking statements that involve risks and uncertainties relating to business performance, cash flow, costs, sales, net investment income, earnings, and growth. Medallion Financial’s actual results may differ significantly from the results discussed in such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those factors discussed under the heading “Risk Factors,” in Medallion Financial’s 2017 Annual Report on Form 10-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180402005398/en/
Investors:ICR212-328-2176InvestorRelations@medallion.com
1 Year Medallion Financial Chart |
1 Month Medallion Financial Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions