ZimCal Asset Management Concludes Five-Year Medallion Financial Investment Under Negotiated Agreement
Medallion Financial entered a Purchase and Settlement Agreement with ZimCal Asset Management, ending the investor's five-year involvement with the company. Medallion agreed to purchase $15 million in aggregate liquidation amount of its trust preferred securities for $11,049,000 plus accrued distributions, while ZimCal will dispose of its remaining common shares by December 31, 2026.
Key figures
- Deal Value Usd
- 11049000
- Trust preferred maturity
- 2037
- Stock disposition deadline
- December 31, 2026
- Trust preferred liquidation amount
- $15,000,000
AI analysis
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