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March 15, 2005
Medallion To Present At Financial Services Conference
NEW YORK, N.Y., March 15, 2005 -- Medallion Financial Corp. (NASDAQ: TAXI), a specialty finance company with a leading position servicing the taxicab industry and targeted niche markets in commercial and consumer finance, will present at the 16th Annual Piper Jaffray Financial Services Investor Conference in New York on Wednesday, March 16th, 2005 at 1:55 pm. (EST).
The conference will be held at Le Parker Meridien located at 118 West 57th Street in the Mirus Room. Representing Medallion will be Andrew Murstein, President, Brian O'Leary, Chief Operating Officer and Larry Hall, Chief Financial Officer.
Medallion Financial Corp. is a specialty finance company with a leading position in the origination and servicing of loans financing the purchase of taxicab medallions and related assets. The Company also originates and services commercial loans financing small businesses in other targeted industries, and provides financing for consumer recreational products. The Company and its subsidiaries have lent over $2 billion to the taxicab industry and other niche industries. As a regulated investment company (RIC), Medallion complies with the RIC requirement to distribute at least 90% of its taxable income to shareholders, and as a consequence, pays no corporate income tax on the amount of income distributed.
Please note that this press release contains forward-looking statements that involve risks and uncertainties relating to business performance, cash flow, costs, sales, operating profit, earnings and growth. Medallion'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 "Investment Considerations," in Medallion's 2003 Annual Report on Form 10K.
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