Medallion Financial Corp. Announces Repurchase of Trust Preferred Securities and Successful Resolution With ZimCal
Medallion Financial agreed to repurchase trust preferred securities with a $15.0 million liquidation amount from BIMIZCI at 73.66% of face value, or $11.049 million plus accrued distributions. The company will record a Q4 2026 gain on the discount, and the deal is expected to close within thirty days. The Investor Parties agreed to a five-year standstill and to dispose of remaining MFIN common shares by December 31, 2026, ending the activist campaign.
Key figures
- Standstill years
- 5
- Purchase discount
- 73.66% of face value
- Dividends since 2022
- 44100000
- Capital return 2026 ytd
- 23600000
- Trups liquidation amount
- 15000000
- Capital return since 2022
- 84700000
- Common buybacks since 2022
- 40600000
AI analysis
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