Medallion Bank 10K 2011 Annual report | MBNKP Filing

Exhibit 99.3

Report of Independent Registered Public Accounting Firm on Consolidated Schedules of Investments

Board of Directors and Shareholders

Medallion Financial Corp.

We have audited in accordance with the standards of the Public Company Accounting Oversight Board (United States) the consolidated financial statements of Medallion Financial Corp. and subsidiaries referred to in our report dated March 27, 2012, which is included on page F-2 of the annual report on Form 10-K for the year ended December 31, 2011. We have also audited the consolidated schedules of investments (the “Schedules”) as of December 31, 2011 and 2010. These Schedules are the responsibility of the Company’s management. Our responsibility is to express an opinion based on our audits.

In our opinion, the Schedules referred to above, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly, in all material respects, the information set forth therein.

/s/ WeiserMazars LLP

New York, NY

March 27, 2012

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	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost⁽⁴⁾		Fair Value
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 unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	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 unless
otherwise
noted)

Acquisition
Date

Maturity
Date

# of
Invest.

% of
Net
Assets

Interest
Rate⁽¹⁾

Capitalized
Interest

Original
Cost of
2011
Acquisitions⁽⁵⁾

Cost ⁽⁴⁾

Fair
Value

Corsi Cab Corp

Term loan

06/21/11

06/21/16

4.50

600

573

574

Anba Taxi Inc

Term loan

06/21/11

06/21/16

4.50

600

573

574

Btr Taxi Inc

Term loan

07/05/11

07/05/14

4.63

575

570

571

Albro Hacking, Corp.

Term loan

10/21/10

10/20/15

4.00

568

570

Rafi Mohammad

Term loan

12/07/11

12/07/14

4.25

555

Angelita Transit Inc/Note 2

Term loan

04/22/10

03/16/14

4.75

554

Mongerry Hacking Cor

Term loan

10/14/11

10/14/14

3.75

553

554

Lesly Jeanjoseph

Term loan

12/20/11

12/20/14

4.75

550

551

Eugenio & Ayodele Trans Corp &

Term loan

10/14/10

10/14/13

6.00

554

550

Karamjit Panchhi

Term loan

11/21/11

11/21/14

4.50

550

549

550

Ptah Cab Corp

Term loan

05/25/11

06/01/14

4.00

550

549

Fido Cab Corp

Term loan

09/09/11

09/01/14

4.00

550

548

549

Gilberto Barrera

Term loan

06/15/11

06/15/14

5.00

555

549

548

Amjad Abbas

Term loan

06/02/11

06/02/14

5.13

550

545

546

Leo P. Roland

Term loan

11/10/11

11/10/14

4.25

545

544

545

Sushil Maggoo

Term loan

09/14/11

09/14/14

5.75

555

541

544

Edgard A Donado

Term loan

02/17/11

02/17/14

4.75

550

544

543

Mohammed Hossen & Abrar Hanif

Term loan

08/11/11

08/11/14

5.50

540

535

538

My Sarah Cab Corp

Term loan

10/14/11

10/14/14

3.75

534

535

Abdelhakim A. Ibrahim

Term loan

12/28/10

12/28/13

5.25

529

530

Joseph Paul Desir

Term loan

04/08/11

04/08/14

4.75

533

529

Balwinder Singh

Term loan

10/19/11

10/19/14

4.75

530

528

529

M Irshad Chaudhry & Mhd Ramzan

Term loan

03/21/11

03/21/14

5.25

535

528

529

Wisly Noel

Term loan

03/17/11

03/17/14

5.00

532

528

Jacques A Petion &

Term loan

02/08/11

02/08/14

5.75

532

529

528

Marcnance Morency

Term loan

09/09/11

09/09/14

5.25

532

530

527

Amr Aly Shafshak

Term loan

06/22/11

06/22/14

4.90

532

527

Avtar Singh

Term loan

11/22/11

11/22/14

4.25

525

524

526

Mukhtiar Singh

Term loan

11/22/11

11/22/14

4.25

525

524

526

Rafael Kikirov

Term loan

10/13/11

10/13/14

5.00

530

524

525

Ilker Altaygil

Term loan

05/11/11

05/11/14

5.25

530

524

525

Jasvir S Dhaliwal

Term loan

11/29/11

11/29/14

4.50

526

525

Joseph R Jean

Term loan

10/17/11

10/17/14

4.50

525

523

524

Arcange J Dangervil

Term loan

09/06/11

09/06/14

5.75

525

523

Ulrick Racine

Term loan

04/22/11

04/22/14

5.13

524

522

523

Harminder Singh & Harjinder Si

Term loan

03/22/11

03/22/14

4.75

530

521

522

Marc C Bastien

Term loan

11/02/11

11/02/14

5.00

520

521

Marco V Guerrero

Term loan

12/22/11

12/22/14

4.50

520

521

Erwich Chery

Term loan

06/17/11

06/17/14

5.50

525

520

521

Roudy Moliere &Jean B Letang

Term loan

08/18/11

08/18/14

5.75

524

520

521

Shanu Miah

Term loan

03/24/11

03/24/14

5.25

530

523

520

Frantz Louhis & Joseph Paul

Term loan

02/17/11

02/17/14

5.13

525

517

519

Malkiat S Multani

Term loan

06/01/11

06/09/14

4.75

551

518

519

Faubert Couamin

Term loan

12/17/10

12/17/13

5.50

516

519

Strivers Way Inc &

Term loan

03/21/11

03/21/14

6.25

520

517

518

Headway Transportation Inc &

Term loan

03/22/11

03/22/14

6.25

520

517

518

Arnous L. Dangervil

Term loan

07/07/11

07/07/14

5.50

520

517

518

Pat Bonna

Term loan

01/07/11

01/07/14

5.30

524

516

Mohammad F Iqbal

Term loan

02/08/11

02/08/14

6.00

515

511

513

Larry Westen

Term loan

09/30/11

09/30/14

5.50

512

513

Alexander Vizueta

Term loan

11/15/11

11/15/14

5.25

512

511

512

Kang & Dhillon Taxi Inc

Term loan

12/03/10

12/03/13

5.35

510

512

Prem Singh & Manjeet Kaur

Term loan

01/28/11

01/28/14

5.00

525

511

512

Louis A Alphonse

Term loan

12/05/11

12/05/14

4.50

510

509

Pushker Sharma & Sandeep Vinay

Term loan

04/08/10

04/08/13

6.10

510

508

Avtar Singh

Term loan

09/23/11

09/23/14

5.00

509

507

508

Said Zedan &

Term loan

11/19/10

11/19/13

5.75

506

Ronak Singh

Term loan

05/03/11

05/03/14

4.80

519

505

506

Joseph B Luxama

Term loan

06/16/11

06/16/14

5.50

514

508

506

Mohammad A Parvaiz

Term loan

05/26/11

05/26/16

4.95

526

502

506

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

# of
Invest.

% of
Net
Assets

Interest
Rate⁽¹⁾

Capitalized
Interest

Original
Cost of
2011
Acquisitions⁽⁵⁾

Cost ⁽⁴⁾

Fair
Value

Sing-Fai Chan

Term loan

09/24/10

09/24/13

5.88

505

Binh Pham

Term loan

09/09/10

09/09/13

6.00

504

503

Mian Cab Corp

Term loan

02/02/11

02/02/14

5.25

510

503

502

Turgut Duman

Term loan

12/10/10

12/10/13

5.00

500

502

Samy Baddar

Term loan

12/20/11

12/20/14

4.00

500

502

Odvil Fequiere

Term loan

02/22/11

02/22/14

5.13

500

494

497

Brunel Paul & Chrislorme Paul

Term loan

06/30/11

06/30/14

4.75

500

493

496

Zhi Li Peng

Term loan

03/24/11

03/24/14

5.50

497

495

496

Copper One Cab Corp

Term loan

07/01/10

07/01/12

4.80

495

494

Miguel Fernandez

Term loan

03/14/11

03/14/14

5.00

500

491

494

Joseph Gerard Pierre

Term loan

04/08/11

04/08/14

4.50

498

494

493

Parvinder Singh

Term loan

02/16/11

02/16/14

5.00

505

492

493

Michael Avitan

Term loan

07/19/11

07/19/14

5.00

500

495

492

Rousseau Ductan

Term loan

12/22/11

12/22/14

4.25

492

490

Pierre Goguin Joseph

Term loan

05/20/10

05/20/13

6.00

489

Jened Cab Corp

Term loan

04/14/08

04/14/13

5.25

489

488

Gustavo E Cabrejos

Term loan

04/04/11

04/04/14

4.90

493

486

487

Amr & Rina Taxi Inc

Term loan

06/17/11

06/17/14

4.75

488

483

484

Georges Salomon

Term loan

08/12/10

08/12/13

5.25

486

483

Ahmed Elsayed

Term loan

08/01/11

08/01/14

5.00

487

483

Jordan O Ohene

Term loan

11/05/10

11/05/13

5.25

481

483

Brunet Lucas

Term loan

09/29/10

09/29/13

5.75

478

Charanjeet Kaur & Manjit Singh

Term loan

10/07/10

10/07/13

5.00

474

All Wood Llc

Term loan

08/17/11

08/17/14

5.00

475

473

474

Carmay Latendresse &

Term loan

02/01/10

02/01/13

6.88

474

Atef A Khalil

Term loan

04/15/11

04/15/14

5.50

475

472

473

Abu H Shawkat

Term loan

03/12/10

03/12/13

6.60

471

472

Eustache Romain

Term loan

10/25/10

10/25/13

5.25

471

Albert A Agyemang

Term loan

08/25/11

08/25/14

4.70

470

467

468

Roland Eusebe & Naomi Charles

Term loan

03/17/11

03/17/13

5.00

470

469

468

David Mashkabov

Term loan

10/26/11

10/24/14

4.00

470

468

467

Nelson R Moreira

Term loan

12/22/10

12/22/13

6.25

467

Harold Torres

Term loan

07/29/10

07/29/13

5.50

466

467

Mohammed F Munir

Term loan

02/11/11

02/14/14

4.75

475

462

465

Nobert Auguste

Term loan

04/12/10

04/12/13

6.75

465

Tamimu Aliu

Term loan

06/07/10

06/07/13

6.00

463

Parkash Taxi Inc

Term loan

08/09/10

08/09/13

4.00

463

461

Patrick Sattaur

Term loan

11/18/11

11/18/14

5.00

455

454

455

Olmedo Nocua

Term loan

01/21/11

01/21/14

5.00

459

451

453

Momar Diagne

Term loan

08/25/11

08/25/14

4.75

453

450

451

Ranjit Singh

Term loan

10/05/09

10/05/12

4.75

452

451

Eduard Neyman

Term loan

11/09/11

11/09/16

4.75

450

449

450

Gonel Seraphin & Evelyne Serap

Term loan

12/09/11

12/09/14

4.25

451

450

Mark Ansley Clarke

Term loan

01/28/09

01/28/12

6.63

448

447

Spyridon Tzorzis

Term loan

09/22/11

09/22/14

5.25

448

444

445

Aminder Pal Singh

Term loan

01/28/11

01/28/14

5.50

500

443

445

Rauf Meer

Term loan

02/17/09

02/17/12

6.50

446

445

Rossini F Celestin

Term loan

10/09/09

10/09/12

6.50

444

443

Guy Merisier

Term loan

06/30/11

06/30/14

5.75

444

442

443

Chamkor Cab Corp

Term loan

12/16/09

06/30/14

4.75

443

442

Jacob Kuruvilla

Term loan

11/11/09

11/15/12

5.90

439

Mario Nisthauz

Term loan

03/24/10

03/24/13

5.75

438

437

Daca Taxi Inc

Term loan

06/02/11

06/02/14

4.38

438

432

433

Preslert Louis

Term loan

03/09/09

03/09/12

6.50

434

433

Gurmeet Singh

Term loan

06/21/11

06/21/14

5.00

435

431

432

Shubal C Ghose

Term loan

09/23/10

09/23/13

5.00

431

432

Julio Farfan

Term loan

08/03/11

08/03/14

5.00

430

426

429

Mtr Taxi Inc

Term loan

01/06/11

01/15/16

4.88

422

423

Saba Moshe Taxi Inc

Term loan

01/06/11

01/15/16

4.88

422

423

Maya Taxi Inc

Term loan

01/06/11

01/15/16

4.88

422

423

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

# of
Invest.

% of
Net
Assets

Interest
Rate⁽¹⁾

Capitalized
Interest

Original
Cost of
2011
Acquisitions⁽⁵⁾

Cost ⁽⁴⁾

Fair
Value

M&J Taxi Inc

Term loan

01/06/11

01/15/16

4.88

422

423

Neomi & Z Taxi Inc

Term loan

01/06/11

01/15/16

4.88

422

423

Bucur Express Cab Corp

Term loan

06/02/11

06/02/14

4.38

421

416

417

Dady Hamel

Term loan

04/16/09

12/22/13

3.90

415

414

Manuel F Pena

Term loan

04/01/11

04/01/14

4.50

420

413

414

Frands Fequiere

Term loan

01/26/11

01/25/14

5.20

420

412

413

Humberto Ontaneda

Term loan

01/06/10

01/06/13

5.75

408

Pierre Chery

Term loan

10/20/11

10/20/14

4.50

412

409

408

Anthony Okyere Duah

Term loan

06/10/11

06/10/14

5.00

407

403

404

I&I Cab Corp

Term loan

10/06/11

10/05/14

4.75

400

403

N & B Taxi Inc

Term loan

06/24/11

06/24/14

4.50

400

401

Y Joey Taxi Inc

Term loan

01/06/11

01/15/16

4.88

400

401

Ricale Taxi Inc

Term loan

04/10/03

02/01/12

6.25

400

399

Luis E Perez

Term loan

04/13/11

04/13/14

4.50

400

394

395

Ny Berts Cab Corp

Term loan

09/15/10

09/15/13

6.00

392

393

Man Singh

Term loan

11/23/11

11/23/14

4.00

391

390

391

Ruckman Hacking Corp

Term loan

10/14/11

10/14/14

3.75

390

391

Geraldine Hacking Co

Term loan

10/14/11

10/14/14

3.75

389

390

Pierre Jeune

Term loan

07/21/11

07/21/15

5.00

387

383

Avner Ben-Levy

Term loan

12/05/11

12/05/14

4.25

380

382

Elsayed A Hassan

Term loan

11/28/11

11/28/14

4.25

381

380

381

Joseph L Flovel

Term loan

04/09/09

04/09/12

6.00

380

379

Magloire David

Term loan

01/06/10

01/06/13

6.50

378

Tarafdar Abul & Tarafdar Luthf

Term loan

08/13/10

08/13/13

7.00

375

Nour-Ditmars Zamalek Corp &

Term loan

04/01/11

04/01/14

4.90

380

374

375

Lelio Bresier & Jeanne Bresier

Term loan

04/01/11

04/01/14

5.00

375

370

373

Shah M Rahman

Term loan

08/15/11

08/15/14

4.50

375

373

372

Fernande Paul Cab Corp

Term loan

04/26/11

04/26/14

4.88

375

372

Hasina Farazi And Rafiul Faraz

Term loan

08/13/09

08/13/12

6.13

370

369

Jacques Desrosiers

Term loan

09/05/07

04/24/12

6.75

370

369

Rahul Amin

Term loan

03/25/09

03/25/12

5.90

368

367

Vosiem Hacking Corp

Term loan

09/09/11

09/01/14

4.00

360

359

360

Alexander A Malamud

Term loan

04/20/11

05/01/14

4.75

359

355

356

Ilias Karanikolas

Term loan

11/08/11

11/08/14

4.75

356

355

356

Cleopatra Cab Corp

Term loan

07/02/09

07/02/14

4.80

354

Real Cab Corp

Term loan

07/20/07

07/20/17

6.75

351

350

Carlot Dalce

Term loan

11/15/10

11/15/13

5.25

349

Pierre Cadet

Term loan

03/18/10

03/18/13

5.50

347

Gerard G Tema

Term loan

12/06/10

12/06/13

5.25

341

343

Santokh Bangay

Term loan

09/14/09

09/14/12

5.75

340

339

Crossbow Taxi Inc

Term loan

07/02/09

07/02/14

4.80

336

335

King D Taxi Inc

Term loan

07/02/09

07/02/14

4.80

336

335

King Verin Taxi Inc

Term loan

07/02/09

07/02/14

4.80

336

335

Nautilus Service Cor

Term loan

07/02/09

07/02/14

4.80

336

335

Petia Cab Corp

Term loan

07/02/09

07/02/14

4.80

336

335

Run Service Corp

Term loan

07/02/09

07/02/14

4.80

336

335

Jean A. Alexandre

Term loan

12/12/11

12/12/14

4.25

335

Essa & Soliman Transit Inc

Term loan

05/29/08

12/06/13

4.75

336

333

Rafael A Pena &

Term loan

10/01/10

10/01/13

5.75

332

333

Rehmet Khan

Term loan

03/04/11

03/04/14

4.75

350

332

333

Medora Moreira &Juan Mendoza

Term loan

02/18/11

02/18/14

5.00

335

329

330

Joseph Jean

Term loan

09/04/09

09/04/12

6.35

328

327

Joslin Fenelus

Term loan

09/16/09

09/16/12

6.00

321

320

Jean B Guerrier

Term loan

08/12/09

08/12/12

6.50

319

Bella Hacking Corp

Term loan

06/25/04

06/25/16

6.00

319

318

Mohammmed H Iqbal

Term loan

01/13/09

01/13/13

6.50

316

315

Cody Service Co Inc

Term loan

09/15/10

09/10/15

5.25

312

313

Malkit Singh

Term loan

04/15/11

04/15/14

5.00

315

308

311

Light Cab Corp

Term loan

07/01/10

07/01/12

4.80

308

Elias Taxi Inc

Term loan

07/01/10

07/01/12

4.80

304

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	# of Invest.			% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	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 unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	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


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	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 unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost⁽⁴⁾		Fair Value
	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 unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	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 unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost⁽⁴⁾		Fair Value
	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 unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	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 unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost⁽⁴⁾		Fair Value
	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 unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	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 unless otherwise noted)		Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost⁽⁴⁾		Fair Value
		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	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾			Fair Value
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 unless otherwise noted)	Acquisition Date		Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost⁽⁴⁾		Fair Value
	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	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2011 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
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.

&	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

Medallion Financial Corp.

Consolidated Schedules of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost⁽⁴⁾		Fair Value
Medallion Loans
New York									603		147	%		5.52	%	$	0	$	178,710	$	239,435	$	239,430
	Sifnos, Van-Dim, Kitriani Incs		#	#	Term loan	06/08/10	06/07/15		1		2	%		5.25	%	$	0	$	2,800	$	2,739	$	2,737
	Real Cab Corp		#	#	Term loan	07/20/07	07/20/17		1		2	%		6.75	%	$	0			$	2,545	$	2,542
	Lena Cab Corp		#	#	Term loan	06/03/08	06/03/16		1		1	%		5.00	%	$	0			$	2,416	$	2,413
	Cabbo Service Corp		#	#	Term loan	09/07/10	09/07/13		1		1	%		5.00	%	$	0	$	1,800	$	1,800	$	1,790
	Sean Cab Corp		#	#	Term loan	06/02/06	06/03/16		1		1	%		5.00	%	$	0			$	1,740	$	1,731
	Lety Cab Corp		#	#	Term loan	10/21/10	10/20/13		1		1	%		5.00	%	$	0	$	1,687	$	1,681	$	1,681
	Slo Cab Corp		#	#	Term loan	07/20/07	07/20/17		1		1	%		6.75	%	$	0			$	1,527	$	1,525
	Emerald I Taxi Corp		#	#	Term loan	05/03/10	05/03/13		1		1	%		4.80	%	$	0	$	1,472	$	1,472	$	1,472
	Sonu-Seema Corp		#	#	Term loan	10/21/10	10/21/13		1		1	%		5.75	%	$	0	$	1,250	$	1,247	$	1,250
	Ride Yellow Llc		#	#	Term loan	03/25/10	03/25/13		1		1	%		5.13	%	$	0	$	1,200	$	1,200	$	1,200
	Honeybee Taxi Llc		#	#	Term loan	03/11/10	03/11/13		1		1	%		5.13	%	$	0	$	1,200	$	1,200	$	1,200
	Bedford Taxi Llc		#	#	Term loan	10/01/10	10/01/13		1		1	%		4.75	%	$	0	$	1,204	$	1,199	$	1,200
	King Ed Taxi Inc		#	#	Term loan	09/07/10	09/03/13		1		1	%		5.00	%	$	0	$	1,200	$	1,200	$	1,194
	Corcovado Cab Corp		#	#	Term loan	09/07/10	09/03/13		1		1	%		5.00	%	$	0	$	1,200	$	1,200	$	1,194
	Dag Taxi Inc		#	#	Term loan	09/01/10	09/01/13		1		1	%		5.00	%	$	0	$	1,200	$	1,200	$	1,193
	Katom Taxi Inc		#	#	Term loan	09/01/10	09/01/13		1		1	%		5.00	%	$	0	$	1,200	$	1,200	$	1,193
	Merry Cab Corp		#	#	Term loan	09/01/10	09/01/13		1		1	%		5.00	%	$	0	$	1,200	$	1,200	$	1,193
	Ocean Hacking Corp		#	#	Term loan	08/17/10	08/16/13		1		1	%		5.25	%	$	0	$	1,200	$	1,190	$	1,190
	Cafe Service Co Inc		#	#	Term loan	06/25/10	06/25/15		1		1	%		5.00	%	$	0	$	1,200	$	1,188	$	1,188
	Lofos Inc		#	#	Term loan	05/12/10	05/12/15		1		1	%		5.00	%	$	0	$	1,200	$	1,186	$	1,188
	Xara Inc		#	#	Term loan	05/12/10	05/12/15		1		1	%		5.00	%	$	0	$	1,200	$	1,186	$	1,186
	Varres Inc		#	#	Term loan	05/12/10	05/12/15		1		1	%		5.00	%	$	0	$	1,200	$	1,186	$	1,186
	Trataki Inc		#	#	Term loan	05/12/10	05/12/15		1		1	%		5.00	%	$	0	$	1,200	$	1,186	$	1,186
	Rapid Taxi Corp		#	#	Term loan	05/12/10	05/12/15		1		1	%		5.00	%	$	0	$	1,200	$	1,186	$	1,186
	Kharkov Taxi Inc		#	#	Term loan	05/12/10	05/12/15		1		1	%		5.00	%	$	0	$	1,200	$	1,186	$	1,186
	Flow Taxi Corp		#	#	Term loan	06/23/10	06/21/13		1		1	%		5.00	%	$	0	$	1,200	$	1,185	$	1,186
	Ukraine Service Co		#	#	Term loan	06/23/10	06/21/13		1		1	%		5.00	%	$	0	$	1,200	$	1,185	$	1,186
	Lil Amandachaka Hacking Corp		#	#	Term loan	06/23/10	06/21/13		1		1	%		5.00	%	$	0	$	1,200	$	1,185	$	1,186
	Whats Yellow Llc		#	#	Term loan	10/15/10	10/15/12		1		1	%		4.80	%	$	0	$	1,186	$	1,180	$	1,181
	Spurt Cab Corp		#	#	Term loan	08/14/09	08/13/11		1		1	%		6.38	%	$	0			$	1,176	$	1,177
	Alltaxitwo Cab Corp		#	#	Term loan	05/14/09	11/13/11		1		1	%		5.25	%	$	0			$	1,165	$	1,163
	All Taxione Cab Corp		#	#	Term loan	04/01/09	09/30/11		1		1	%		5.25	%	$	0			$	1,157	$	1,156
	Jump Service Co Inc		#	#	Term loan	06/23/10	06/22/13		1		1	%		5.00	%	$	0	$	1,150	$	1,150	$	1,150
	Hamilton Transit Llc		#	#	Term loan	01/27/10	01/27/13		1		1	%		5.50	%	$	0	$	1,150	$	1,150	$	1,149
	Kaderee M & G Corp		#	#	Term loan	05/03/10	05/03/13		1		1	%		4.80	%	$	0	$	1,145	$	1,145	$	1,145
	Gold One Cab Corp		#	#	Term loan	07/01/10	07/01/12		1		1	%		4.80	%	$	0	$	1,164	$	1,145	$	1,145
	Mbh Cab Corp		#	#	Term loan	07/01/10	07/01/12		1		1	%		4.80	%	$	0	$	1,164	$	1,144	$	1,144
	Asterik Cab Co Inc		#	#	Term loan	07/01/10	07/01/12		1		1	%		4.80	%	$	0	$	1,157	$	1,135	$	1,135
	Central Hacking Corp		#	#	Term loan	10/01/10	10/01/13		1		1	%		4.75	%	$	0	$	1,134	$	1,130	$	1,131
	Daytona Hacking Corp		#	#	Term loan	10/01/10	10/01/13		1		1	%		4.75	%	$	0	$	1,134	$	1,130	$	1,131
	Bunty & Jyoti Inc		#	#	Term loan	09/24/09	09/24/12		1		1	%		5.75	%	$	0			$	1,125	$	1,123
	Lemon Trans Corp		#	#	Term loan	06/23/09	06/23/12		1		1	%		5.50	%	$	0			$	1,117	$	1,116
	Concourse Cab Corp		#	#	Term loan	03/29/10	03/29/13		1		1	%		5.75	%	$	0	$	1,100	$	1,100	$	1,104
	H&M Cab Corp		#	#	Term loan	08/24/10	08/24/13		1		1	%		5.00	%	$	0	$	1,100	$	1,100	$	1,101

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	King Spring Taxi Inc		#	#	Term loan	08/24/10	08/24/13		1		1	%		5.00	%	$	0	$	1,100	$	1,100	$	1,101
	Vichy Cab Corp		#	#	Term loan	06/02/10	06/02/13		1		1	%		5.20	%	$	0	$	1,100	$	1,100	$	1,100
	Yosi Transit Inc		#	#	Term loan	07/20/07	07/20/17		1		1	%		6.75	%	$	0			$	1,018	$	1,017
	Anniversary Taxi Corp		#	#	Term loan	04/28/10	04/28/13		1		1	%		5.50	%	$	0	$	1,008	$	1,008	$	1,008
	Sms Taxi Corp.		#	#	Term loan	04/28/10	04/28/13		1		1	%		5.50	%	$	0	$	1,008	$	1,008	$	1,008
	Apple Cab Corp		#	#	Term loan	04/28/10	04/28/13		1		1	%		5.50	%	$	0	$	1,008	$	1,008	$	1,008
	409 Taxi Corp		#	#	Term loan	04/28/10	04/28/13		1		1	%		5.50	%	$	0	$	1,008	$	1,008	$	1,008
	Demajah Hacking Corp	��	#	#	Term loan	10/01/10	09/30/12		1		1	%		4.75	%	$	0	$	1,000	$	1,000	$	1,001
	Dan Dan Transit Inc		#	#	Term loan	03/04/09	03/04/12		1		1	%		5.75	%	$	0			$	997	$	996
	Soho Cab Corp		#	#	Term loan	05/03/10	05/03/13		1		1	%		4.80	%	$	0	$	987	$	987	$	987
	Kappa Taxi Inc		#	#	Term loan	05/03/10	05/03/13		1		1	%		4.80	%	$	0	$	982	$	982	$	982
	Aferitash Hacking Corp		#	#	Term loan	01/13/09	01/13/12		1		1	%		6.50	%	$	0			$	970	$	970
	Justin Hacking Corp		#	#	Term loan	09/09/08	09/09/11		1		1	%		3.75	%	$	0			$	951	$	951
	Cora Hacking Corp		#	#	Term loan	08/06/10	08/06/13		1		1	%		5.00	%	$	0	$	940	$	934	$	938
	Iddy Biddy Cab Corp		#	#	Term loan	08/06/10	08/06/13		1		1	%		5.00	%	$	0	$	940	$	934	$	935
	Malcolm Hacking Corp		#	#	Term loan	08/06/10	08/06/13		1		1	%		5.00	%	$	0	$	940	$	934	$	935
	Jbob Hacking Corp		#	#	Term loan	08/06/10	08/06/13		1		1	%		5.00	%	$	0	$	940	$	934	$	935
	Granny Hacking Corp		#	#	Term loan	08/06/10	08/06/13		1		1	%		5.00	%	$	0	$	940	$	934	$	935
	Oyaz Hacking Corp		#	#	Term loan	08/06/10	08/06/13		1		1	%		5.00	%	$	0	$	940	$	934	$	935
	Abbel Cab Corp		#	#	Term loan	10/15/10	10/15/12		1		1	%		4.80	%	$	0	$	925	$	921	$	922
	Ornos Service Inc		#	#	Term loan	02/23/07	02/23/17		1		1	%		6.40	%	$	0			$	920	$	919
	Wildwood Hacking Corp		#	#	Term loan	05/07/10	05/07/13		1		1	%		4.80	%	$	0	$	914	$	914	$	914
	Five Kids Trans Llc		#	#	Term loan	10/15/10	10/15/12		1		1	%		4.80	%	$	0	$	909	$	905	$	906
	Havana Affair Cab Corp		#	#	Term loan	10/08/10	10/08/13		1		1	%		4.50	%	$	0	$	900	$	897	$	898
	Idiot Wind Cab Corp		#	#	Term loan	10/08/10	10/08/13		1		1	%		4.50	%	$	0	$	900	$	897	$	898
	Holdem Cab Corp		#	#	Term loan	10/08/10	10/08/13		1		1	%		4.50	%	$	0	$	900	$	897	$	898
	Go Boy Cab Corp		#	#	Term loan	10/08/10	10/08/13		1		1	%		4.50	%	$	0	$	900	$	897	$	898
	New Direction Cab Corp		#	#	Term loan	11/29/07	11/29/11		1		1	%		7.35	%	$	0			$	889	$	889
	Hybrid Transit Llc		#	#	Term loan	10/23/06	10/23/16		1		1	%		6.38	%	$	0			$	890	$	889
	Quark Transit Llc		#	#	Term loan	10/16/06	10/16/16		1		1	%		6.38	%	$	0			$	890	$	889
	Neutron Transit Llc		#	#	Term loan	10/16/06	10/16/16		1		1	%		6.38	%	$	0			$	890	$	889
	Proton Transit Llc		#	#	Term loan	10/16/06	10/16/16		1		1	%		6.38	%	$	0			$	890	$	889
	Rechargeable Transit Llc		#	#	Term loan	10/16/06	10/16/16		1		1	%		6.38	%	$	0			$	890	$	889
	Composite Transit Llc		#	#	Term loan	11/03/06	11/03/16		1		1	%		6.38	%	$	0			$	890	$	889
	Blend Transit Llc		#	#	Term loan	11/03/06	11/03/16		1		1	%		6.38	%	$	0			$	890	$	889
	Kinetic Transit Llc		#	#	Term loan	10/31/06	10/31/16		1		1	%		6.38	%	$	0			$	890	$	889
	Lowvolt Transit Llc		#	#	Term loan	10/31/06	10/31/16		1		1	%		6.38	%	$	0			$	890	$	889
	Mixfuel Transit Llc		#	#	Term loan	10/31/06	10/31/16		1		1	%		6.38	%	$	0			$	890	$	889
	Isotope Transit Llc		#	#	Term loan	10/31/06	10/31/16		1		1	%		6.38	%	$	0			$	890	$	889
	Juiced Transit Llc		#	#	Term loan	10/31/06	10/31/16		1		1	%		6.38	%	$	0			$	890	$	889
	Multi Hacking Corp		#	#	Term loan	03/14/08	03/13/11		1		1	%		5.00	%	$	0			$	834	$	833
	Super Express Cab Co		#	#	Term loan	03/14/08	03/13/11		1		1	%		5.00	%	$	0			$	834	$	833
	Link Trans Corp		#	#	Term loan	03/14/08	03/13/11		1		1	%		5.00	%	$	0			$	834	$	833
	Fijil Trans Corp		#	#	Term loan	03/14/08	03/13/11		1		1	%		5.00	%	$	0			$	834	$	833
	Magic Cab Corp		#	#	Term loan	04/21/10	04/21/13		1		1	%		4.80	%	$	0	$	817	$	817	$	818
	Gaultier Hacking Corp		#	#	Term loan	07/30/10	07/30/12		1		*			4.75	%	$	0	$	803	$	803	$	806

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010

(Dollars in thousands)

Obligor Name

Security Type
(all restricted unless
otherwise
noted)

Acquisition
Date

Maturity
Date

# of
Invest.

% of
Net
Assets

Interest
Rate⁽¹⁾

Capitalized
Interest

Original
Cost of
2010
Acquisitions⁽⁵⁾

Cost ⁽⁴⁾

Fair
Value

Marg Cab Corp

Term loan

06/03/08

06/13/16

5.00

805

Yankl Transit Inc

Term loan

06/03/08

06/03/16

5.00

805

Januko Transit Inc

Term loan

06/03/08

06/03/16

5.00

805

Rus Cab Corp

Term loan

06/03/08

06/03/16

5.00

805

Munchkin Transit Inc

Term loan

06/03/08

06/03/16

5.00

805

Trial Taxi Inc

Term loan

04/21/10

04/21/13

4.80

800

801

Perem Hacking Corp

Term loan

04/21/10

04/21/13

4.80

800

801

Chornomor Service Co

Term loan

04/21/10

04/21/13

4.80

800

801

Red Army Cab Corp

Term loan

04/21/10

04/21/13

4.80

800

799

Sisters Trans Inc

Term loan

10/15/10

10/06/12

4.80

800

794

795

Fly By Night Trans Inc

Term loan

10/15/10

10/06/12

4.80

800

794

795

Bliss Cab Corp

Term loan

10/21/10

10/20/13

5.00

792

789

790

Muffin Hacking Corp

Term loan

10/21/10

10/20/13

5.00

792

789

790

Brea Cab Corp

Term loan

10/21/10

10/20/13

5.00

792

789

790

Parthenon Taxi Inc &

Term loan

05/20/08

05/16/11

5.50

763

762

Moe Taxi Inc

Term loan

05/20/08

05/16/11

5.50

758

757

M&C Cab Corp

Term loan

05/20/08

05/16/11

5.50

757

756

Sean Cab Corp

Term loan

08/22/07

06/01/11

5.00

750

749

Robell Hacking Corp

Term loan

04/14/10

04/14/15

5.00

770

745

746

Marian Cab Corp

Term loan

09/01/10

09/01/15

5.25

750

745

746

Sincere Cab Corp

Term loan

07/02/08

06/27/11

6.10

746

745

Hot Wheels Taxi Llc

Term loan

05/09/06

02/15/11

5.13

745

744

Aleka Taxi Inc

Term loan

07/01/10

07/01/12

4.80

760

743

Agape-Mou Cab Corp

Term loan

07/01/10

07/01/12

4.80

760

737

Jean Pierre Trans Inc

Term loan

10/21/10

10/20/13

5.00

715

713

717

Cfn Cab Corp

Term loan

10/21/10

10/20/13

5.00

715

713

714

Miklos Hacking Corp

Term loan

10/21/10

10/20/13

5.00

710

708

709

Ketgo Express Cab Co

Term loan

01/28/08

01/27/11

7.00

708

707

Global Agami Cab Llc

Term loan

03/02/10

03/02/13

4.75

700

698

699

Network Agami Cab Corp

Term loan

03/02/10

03/02/13

4.75

700

698

699

Planet Agami Cab Llc

Term loan

03/02/10

03/02/13

4.75

700

698

699

Universal Agami Transit Inc

Term loan

03/02/10

03/02/13

4.75

700

698

699

Crinkle Cab Corp

Term loan

06/13/08

06/13/13

5.90

697

698

Yaniv Express Cab Co

Term loan

03/14/08

03/13/11

5.00

691

690

Junaid Trans Corp

Term loan

03/04/09

03/04/12

6.00

675

Serob Taxi Inc

Term loan

07/01/10

07/01/13

5.50

640

634

635

Nelsk Taxi Inc

Term loan

08/10/10

08/10/13

5.30

600

596

597

Albro Hacking, Corp.

Term loan

10/21/10

10/20/13

5.00

582

580

584

Anba Taxi Inc

Term loan

07/02/08

06/27/11

6.10

579

Specter Cab Corp

Term loan

06/02/06

06/03/16

5.00

580

577

Fenway Cab Corp

Term loan

06/02/06

06/03/16

5.00

580

577

Slate Cab Corp

Term loan

06/02/06

06/03/16

5.00

580

577

Mamkale Transit Inc

Term loan

06/02/06

06/03/16

5.00

580

577

Munkach Transit Inc

Term loan

06/02/06

06/03/16

5.00

580

577

Sapphire Transit Inc

Term loan

06/02/06

06/03/16

5.00

580

577

W Sar Trans Corp

Term loan

06/02/06

06/03/16

5.00

580

577

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Wlol Trans Corp		#	#	Term loan	06/02/06	06/03/16		1		*		5.00	%	$	0			$	580	$	577
	Brini Transit Inc		#	#	Term loan	06/02/06	06/03/16		1		*		5.00	%	$	0			$	580	$	577
	Sabrinush Transit Inc		#	#	Term loan	06/02/06	06/03/16		1		*		5.00	%	$	0			$	580	$	577
	Jened Cab Corp		#	#	Term loan	04/14/08	04/14/13		1		*		5.25	%	$	0			$	571	$	570
	Midgies Transit Corp		#	#	Term loan	07/16/10	01/16/15		1		*		5.00	%	$	0	$	568	$	558	$	559
	Angelita Transit Inc/Note 2		#	#	Term loan	04/22/10	04/22/13		1		*		5.38	%	$	0	$	554	$	554	$	555
	Eugenio & Ayodele Trans Corp				Term loan	10/14/10	10/14/13		1		*		6.00	%	$	0	$	558	$	558	$	554
	Ritka And Arwin Cab Corp				Term loan	08/12/10	08/12/13		1		*		6.25	%	$	0	$	550	$	547	$	550
	Abdelhakim A. Ibrahim				Term loan	12/28/10	12/28/13		1		*		5.25	%	$	0	$	545	$	545	$	547
	Sushil Maggoo		#	#	Term loan	10/04/10	10/04/13		1		*		5.75	%	$	0	$	538	$	537	$	541
	Ming Trans Corp		#	#	Term loan	11/08/10	11/08/13		1		*		5.00	%	$	0	$	538	$	536	$	538
	My Sarah Cab Corp		#	#	Term loan	08/02/10	08/02/13		1		*		5.00	%	$	0	$	532	$	532	$	534
	Copper One Cab Corp		#	#	Term loan	07/01/10	07/01/12		1		*		4.80	%	$	0	$	562	$	532	$	533
	Btr Taxi Inc		#	#	Term loan	08/19/10	08/19/13		1		*		5.40	%	$	0	$	530	$	527	$	528
	Marcnance Morency		#	#	Term loan	12/01/10	12/01/13		1		*		6.50	%	$	0	$	526	$	526	$	528
	Amr Aly Shafshak				Term loan	12/17/10	12/17/13		1		*		5.25	%	$	0	$	525	$	525	$	527
	Mahmoud Sabour				Term loan	12/28/10	12/28/13		1		*		5.25	%	$	0	$	523	$	523	$	525
	Kang & Dhillon Taxi Inc		#	#	Term loan	12/03/10	12/03/13		1		*		5.35	%	$	0	$	520	$	520	$	524
	Ashok Kumar		#	#	Term loan	12/08/10	12/08/13		1		*		5.50	%	$	0	$	522	$	522	$	524
	Faubert Couamin				Term loan	12/17/10	12/17/13		1		*		5.50	%	$	0	$	520	$	520	$	522
	Joseph Paul Desir				Term loan	11/08/10	11/08/13		1		*		6.75	%	$	0	$	519	$	518	$	520
	Edgard Donado		#	#	Term loan	09/24/10	09/24/13		1		*		6.00	%	$	0	$	520	$	518	$	520
	Greenpoint Taxi Corp				Term loan	12/17/09	12/17/12		1		*		6.50	%	$	0			$	517	$	517
	Fido Cab Corp		#	#	Term loan	07/16/10	01/16/15		1		*		5.00	%	$	0	$	525	$	516	$	517
	Pushker Sharma & Sandeep Vinay				Term loan	04/08/10	04/08/13		1		*		6.10	%	$	0	$	525	$	520	$	516
	Zazomuj Taxi Corp				Term loan	06/05/09	06/05/12		1		*		6.25	%	$	0			$	517	$	514
	Eleuterio Zambrano				Term loan	10/14/10	10/14/13		1		*		5.75	%	$	0	$	514	$	513	$	514
	Bikram Transit Corp				Term loan	08/30/10	08/26/13		1		*		5.00	%	$	0	$	515	$	511	$	513
	Sing-Fai Chan				Term loan	09/24/10	09/24/13		1		*		5.88	%	$	0	$	511	$	511	$	512
	Turgut Duman				Term loan	12/10/10	12/10/13		1		*		5.00	%	$	0	$	510	$	510	$	512
	Said Zedan				Term loan	11/19/10	11/19/13		1		*		5.75	%	$	0	$	510	$	510	$	512
	Jagmohan Singh & Balwinder Sin		#	#	Term loan	12/06/10	12/06/13		1		*		5.25	%	$	0	$	507	$	507	$	511
	Binh Pham		#	#	Term loan	09/09/10	09/09/13		1		*		6.00	%	$	0	$	511	$	510	$	509
	Arnous L. Dangervil				Term loan	10/29/10	10/29/13		1		*		5.25	%	$	0	$	508	$	507	$	508
	Marco V Guerrero &				Term loan	10/19/10	10/19/13		1		*		5.75	%	$	0	$	505	$	505	$	506
	Herve St Surin &				Term loan	04/14/10	04/14/13		1		*		6.50	%	$	0	$	506	$	499	$	502
	Nathaniel Jones				Term loan	10/08/10	10/08/13		1		*		6.00	%	$	0	$	502	$	500	$	502
	Ulker Altaygil		#	#	Term loan	08/06/10	08/06/13		1		*		5.75	%	$	0	$	500	$	497	$	500
	Headway Transportation Inc				Term loan	09/03/10	09/03/13		1		*		6.75	%	$	0	$	500	$	499	$	500
	Strivers Way Inc				Term loan	09/03/10	09/03/13		1		*		6.75	%	$	0	$	500	$	499	$	500
	Pierre Goguin Joseph				Term loan	05/20/10	05/20/13		1		*		6.00	%	$	0	$	500	$	498	$	499
	Rafael Kikirov		#	#	Term loan	10/05/10	10/05/13		1		*		5.00	%	$	0	$	500	$	497	$	497
	Mohammad A Parvaiz		#	#	Term loan	09/20/10	09/20/13		1		*		5.50	%	$	0	$	510	$	493	$	497
	Karamjit Panchhi		#	#	Term loan	05/20/10	05/20/13		1		*		5.75	%	$	0	$	500	$	495	$	496
	Corsi Cab Corp		#	#	Term loan	07/02/08	06/27/11		1		*		6.10	%	$	0			$	497	$	496
	Jose M Martinez		#	#	Term loan	10/29/10	10/29/13		1		*		5.75	%	$	0	$	496	$	495	$	496

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Mystic Brokerage Inc				Term loan	02/14/08	10/22/15		1		*		5.00	%	$	0			$	495	$	495
	Simon Rojas-Buitrago				Term loan	08/02/10	08/02/13		1		*		6.60	%	$	0	$	492	$	491	$	494
	Georges Salomon		#	#	Term loan	08/12/10	08/12/13		1		*		5.25	%	$	0	$	500	$	497	$	494
	Arnel Pierre				Term loan	11/04/10	11/04/13		1		*		5.50	%	$	0	$	490	$	489	$	493
	Jordan O Ohene		#	#	Term loan	11/05/10	11/05/13		1		*		5.25	%	$	0	$	490	$	489	$	493
	Charanjeet Kaur & Manjit Singh		#	#	Term loan	10/07/10	10/07/13		1		*		5.00	%	$	0	$	485	$	483	$	485
	Carmay Latendresse &				Term loan	02/01/10	02/01/13		1		*		6.88	%	$	0	$	485	$	484	$	484
	Alberto Garcia		#	#	Term loan	07/09/10	07/09/13		1		*		6.25	%	$	0	$	485	$	482	$	484
	Ronak Singh				Term loan	08/04/10	08/04/13		1		*		5.50	%	$	0	$	489	$	482	$	483
	Malik & Sajid Taxi Inc				Term loan	05/07/10	05/06/13		1		*		6.25	%	$	0	$	485	$	481	$	483
	Taran Cab Corp		#	#	Term loan	07/16/10	01/16/15		1		*		5.00	%	$	0	$	490	$	481	$	483
	Abu H Shawkat				Term loan	03/12/10	03/12/13		1		*		6.60	%	$	0	$	505	$	480	$	482
	Parkash Taxi Inc		#	#	Term loan	08/09/10	08/09/13		1		*		5.50	%	$	0	$	485	$	480	$	481
	Larry Westen		#	#	Term loan	10/25/10	10/25/13		1		*		5.50	%	$	0	$	480	$	480	$	480
	Gilberto Barrera		#	#	Term loan	06/24/10	06/24/13		1		*		5.60	%	$	0	$	482	$	478	$	480
	Jasvir S Dhaliwal		#	#	Term loan	02/22/10	02/22/13		1		*		6.40	%	$	0	$	485	$	479	$	480
	Roudy Moliere &Jean B Letang				Term loan	04/20/10	04/19/13		1		*		5.75	%	$	0	$	485	$	481	$	480
	Joseph Gerard Pierre				Term loan	07/08/10	07/08/13		1		*		6.00	%	$	0	$	481	$	478	$	479
	Harold Torres		#	#	Term loan	07/29/10	07/29/13		1		*		5.50	%	$	0	$	478	$	476	$	479
	Eustache Romain		#	#	Term loan	10/25/10	10/25/13		1		*		5.25	%	$	0	$	480	$	478	$	479
	Brunet Lucas		#	#	Term loan	09/29/10	09/29/13		1		*		5.75	%	$	0	$	480	$	477	$	479
	Ulrick Racine				Term loan	05/28/10	05/28/13		1		*		6.10	%	$	0	$	478	$	475	$	477
	Nobert Auguste				Term loan	04/12/10	04/12/13		1		*		6.75	%	$	0	$	477	$	473	$	475
	Harminder Singh & Harjinder Si				Term loan	11/17/08	06/15/13		1		*		5.50	%	$	0			$	478	$	474
	Nelson R Moreira				Term loan	12/22/10	12/22/13		1		*		6.25	%	$	0	$	472	$	472	$	474
	Michael Avitan		#	#	Term loan	12/11/09	12/11/12		1		*		6.50	%	$	0			$	473	$	473
	Tamimu Aliu		#	#	Term loan	06/07/10	06/07/13		1		*		6.00	%	$	0	$	476	$	471	$	473
	Avtar Singh		#	#	Term loan	12/22/09	12/22/12		1		*		5.90	%	$	0			$	472	$	472
	Cesar A Calderon &				Term loan	03/26/10	03/26/13		1		*		6.75	%	$	0	$	470	$	469	$	470
	Zhi Li Peng &		#	#	Term loan	03/03/10	03/03/13		1		*		6.70	%	$	0	$	470	$	469	$	470
	Big Ari Taxi Corp		#	#	Term loan	07/16/10	01/16/15		1		*		5.00	%	$	0	$	475	$	466	$	468
	Louis A Alphonse				Term loan	12/16/10	12/16/13		1		*		5.25	%	$	0	$	465	$	465	$	467
	Rousseau Ductan				Term loan	05/11/10	05/11/13		1		*		6.50	%	$	0	$	470	$	466	$	467
	Jacques A Petion &				Term loan	09/16/08	09/11/11		1		*		6.85	%	$	0			$	467	$	466
	M Irshad Chaudhry & Mhd Ramzan		#	#	Term loan	01/11/10	01/11/13		1		*		5.75	%	$	0	$	479	$	466	$	466
	Arcange J Dangervil		#	#	Term loan	04/22/09	04/04/12		1		*		6.50	%	$	0			$	466	$	463
	Balwinder Singh		#	#	Term loan	04/12/10	04/12/13		1		*		5.50	%	$	0	$	470	$	461	$	462
	Prem Singh & Manjeet Kaur		#	#	Term loan	04/20/10	04/19/13		1		*		5.50	%	$	0	$	470	$	460	$	461
	Ranjit Singh		#	#	Term loan	10/05/09	10/05/12		1		*		5.50	%	$	0			$	460	$	460
	Jeff Y Lin				Term loan	12/28/09	12/28/12		1		*		6.50	%	$	0			$	456	$	457
	Alexander Vizueta &				Term loan	01/21/10	01/21/12		1		*		6.25	%	$	0	$	460	$	457	$	457
	Ahmed Elsayed				Term loan	09/16/10	09/16/15		1		*		5.50	%	$	0	$	458	$	455	$	456
	Nurus Samad Chowdhury		#	#	Term loan	02/18/09	02/18/12		1		*		6.60	%	$	0			$	457	$	456
	Rauf Meer		#	#	Term loan	02/17/09	02/17/12		1		*		6.50	%	$	0			$	455	$	454
	Rossini F Celestin				Term loan	10/09/09	10/09/12		1		*		6.50	%	$	0			$	452	$	452
	Kobina Wood		#	#	Term loan	09/17/10	09/20/13		1		*		5.88	%	$	0	$	451	$	450	$	451

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010

(Dollars in thousands)

Obligor Name

Security Type
(all restricted unless
otherwise
noted)

Acquisition
Date

Maturity
Date

# of
Invest.

% of
Net
Assets

Interest
Rate⁽¹⁾

Capitalized
Interest

Original
Cost of
2010
Acquisitions⁽⁵⁾

Cost ⁽⁴⁾

Fair
Value

Chamkor Cab Corp

Term loan

12/16/09

06/16/11

5.25

451

Mark Ansley Clarke

Term loan

01/28/09

01/28/12

6.63

452

450

Roland Eusebe & Naomi Charles

Term loan

01/08/10

01/08/13

6.50

450

Atef A Khalil

Term loan

01/25/10

01/25/13

7.00

450

449

Miguel Fernandez

Term loan

08/24/09

08/24/12

5.75

449

Avtar Singh

Term loan

09/24/09

09/24/12

5.75

448

Jacob Kuruvilla

Term loan

11/11/09

11/15/12

5.90

448

Momar Diagne

Term loan

08/02/10

08/02/13

6.00

448

446

447

Mario Nisthauz

Term loan

03/24/10

03/24/13

5.75

455

449

447

Mian Cab Corp

Term loan

05/06/10

05/06/13

6.50

450

447

Preslert Louis

Term loan

03/09/09

03/09/12

6.50

444

Shubal C Ghose

Term loan

09/23/10

09/23/13

5.00

443

441

442

Pat Bonna

Term loan

04/29/09

04/29/12

6.75

442

441

Carlos Govea

Term loan

10/15/10

10/15/13

5.25

434

433

435

Luis Caban

Term loan

05/29/09

05/29/12

6.50

432

431

Choudhry F. R. Mealow &

Term loan

01/28/09

01/28/12

6.75

429

Orys Trans Corp

Term loan

05/05/08

05/05/11

5.75

429

428

Dady Hamel

Term loan

04/16/09

04/16/12

6.25

424

423

Humberto Ontaneda

Term loan

01/06/10

01/06/13

5.75

430

420

421

Evelyne Seraphin & Gonel Serap

Term loan

08/24/10

08/24/13

5.25

418

415

416

Lesly Jeanjoseph

Term loan

01/09/09

01/09/12

6.25

415

Joseph B Luxama

Term loan

06/22/09

06/19/12

6.50

413

Samy Baddar

Term loan

05/07/10

05/17/13

5.75

418

412

413

David Mashkabov

Term loan

08/12/10

08/12/13

5.25

413

411

412

Ny Berts Cab Corp

Term loan

09/15/10

09/15/13

6.00

414

410

411

Hoda M Hamdan & Abbas H Issa

Term loan

06/18/10

06/18/13

5.50

412

411

Patrick Sattaur

Term loan

05/06/10

05/03/13

5.00

412

407

408

Naion Ahmed & Kutub U Ahmed

Term loan

01/06/10

07/06/11

5.25

412

405

Zvuloon Express Cab Corp

Term loan

06/02/04

03/14/11

5.00

405

Leo P. Roland

Term loan

03/12/09

03/12/12

5.75

404

Abi Cab Corp

Term loan

08/02/10

08/02/13

5.00

402

403

2 Brothers Cab Corp

Term loan

08/02/10

08/02/13

5.00

402

403

Ricale Taxi Inc/Mfun

Term loan

04/10/03

12/15/10

6.25

400

Zorro Taxi Inc

Term loan

02/12/10

02/12/15

5.50

400

393

394

Olmedo Nocua

Term loan

09/17/09

09/17/12

5.75

392

393

Darnes Narcisse &

Term loan

06/05/09

06/05/12

6.88

389

390

Joseph L Flovel

Term loan

04/09/09

04/09/12

6.00

388

Elsayed A Hassan

Term loan

02/24/09

02/24/12

6.00

385

Magloire David

Term loan

01/06/10

01/06/13

6.50

390

384

Pierre Chery

Term loan

04/20/09

04/20/12

6.50

385

384

Tarafdar Abul & Tarafdar Luthf

Term loan

08/13/10

08/13/13

7.00

380

382

Marc C Bastien

Term loan

04/24/09

04/24/12

5.75

379

Bella Hacking Corp

Term loan

06/25/04

06/25/16

6.00

378

377

Jacques Desrosiers

Term loan

09/05/07

04/24/12

6.75

378

377

Hasina Farazi And Rafiul Faraz

Term loan

08/13/09

08/13/12

6.13

376

Rahul Amin

Term loan

03/25/09

03/25/12

5.90

375

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010

(Dollars in thousands)

Obligor Name

Security Type
(all restricted unless
otherwise
noted)

Acquisition
Date

Maturity
Date

# of
Invest.

% of
Net
Assets

Interest
Rate⁽¹⁾

Capitalized
Interest

Original
Cost of
2010
Acquisitions⁽⁵⁾

Cost ⁽⁴⁾

Fair
Value

Shah M Rahman

Term loan

12/17/09

12/17/12

5.88

374

Guy Merisier

Term loan

05/19/10

05/19/13

5.75

374

370

371

Gurmeet Singh

Term loan

12/10/09

12/09/12

5.75

370

Mihail Dragoi

Term loan

04/25/07

03/20/11

6.25

370

Spyridon Tzorzis

Term loan

08/04/10

08/04/13

6.00

369

367

368

Frands Fequiere

Term loan

04/20/09

04/17/12

6.50

369

368

Pierre Jeune

Term loan

06/11/10

06/11/15

5.75

369

364

366

Ilias Karanikolas

Term loan

11/03/10

11/03/13

6.00

360

362

Johan B Nijman

Term loan

04/25/08

04/24/11

5.90

361

Mukhtiar Singh

Term loan

06/23/08

06/23/11

6.13

359

Carlot Dalce

Term loan

11/15/10

11/15/13

5.25

355

354

356

Pierre Cadet

Term loan

03/18/10

03/18/13

5.50

360

354

356

Cleopatra Cab Corp

Term loan

07/02/09

07/02/14

4.80

354

Augustin Charles &

Term loan

05/23/08

05/23/11

5.50

355

354

Essa & Soliman Transit Inc

Term loan

05/29/08

12/06/13

4.75

356

353

Real Cab Corp

Term loan

07/20/07

07/20/17

6.75

350

Gerard G Tema

Term loan

12/06/10

12/06/13

5.25

347

349

Santokh Bangay

Term loan

09/14/09

09/14/12

5.75

348

Eduard Neyman

Term loan

03/08/10

03/08/15

7.00

356

346

348

Fritz Thernize

Term loan

09/25/06

02/15/11

6.50

344

Manuel Pena

Term loan

07/24/08

07/24/11

5.75

343

Amr & Rina Taxi Inc &

Term loan

07/25/08

07/25/11

6.25

341

Luis E Perez

Term loan

02/19/10

02/19/13

5.75

341

336

338

Rafael A Pena

Term loan

10/01/10

10/01/13

5.75

337

335

337

Nautilus Service Cor

Term loan

07/02/09

07/02/14

4.80

336

Run Service Corp

Term loan

07/02/09

07/02/14

4.80

336

King D Taxi Inc

Term loan

07/02/09

07/02/14

4.80

336

King Verin Taxi Inc

Term loan

07/02/09

07/02/14

4.80

336

Crossbow Taxi Inc

Term loan

07/02/09

07/02/14

4.80

336

Petia Cab Corp

Term loan

07/02/09

07/02/14

4.80

336

Charlie Yun

Term loan

12/03/09

12/03/12

5.75

335

Joseph Jean

Term loan

09/04/09

09/04/12

6.35

335

333

Light Cab Corp

Term loan

07/01/10

07/01/12

4.80

343

331

333

Platform Taxi Service

Term loan

03/29/06

03/05/11

5.25

330

Fany Cab Corp

Term loan

07/01/10

07/01/12

4.80

340

328

330

Elias Taxi Inc

Term loan

07/01/10

07/01/12

4.80

340

328

329

Jolene Cab Corp

Term loan

07/01/10

07/01/12

4.80

343

327

329

Lelio Bresier & Jeanne Bresier

Term loan

04/02/08

04/02/11

6.50

327

Angus Cab Corp

Term loan

07/01/10

07/01/12

4.80

336

325

327

Mohammmed H Iqbal

Term loan

01/13/09

01/13/13

6.50

327

Joslin Fenelus

Term loan

09/16/09

09/16/12

6.00

327

Gousse Leriche

Term loan

10/06/06

07/07/11

5.75

327

326

Chenet Dorvilier

Term loan

11/14/07

03/15/11

7.00

326

Jean B Guerrier

Term loan

08/12/09

08/12/12

6.50

325

Regis Briand & Nicole Briand

Term loan

02/04/08

02/04/11

6.30

325

Cody Service Co Inc

Term loan

09/15/10

09/10/15

5.25

320

318

320

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010

(Dollars in thousands)

Obligor Name

Security Type
(all restricted unless
otherwise
noted)

Acquisition
Date

Maturity
Date

# of
Invest.

% of
Net
Assets

Interest
Rate⁽¹⁾

Capitalized
Interest

Original
Cost of
2010
Acquisitions⁽⁵⁾

Cost ⁽⁴⁾

Fair
Value

Tiki Cab Corp/Note 1

Term loan

04/19/10

04/19/13

4.80

315

314

316

Kornos Taxi Inc

Term loan

05/02/03

08/21/12

5.63

313

312

Shahdad Bhatti Cab Corp

Term loan

11/05/10

11/05/13

5.38

308

310

Georges Desrosiers

Term loan

05/28/08

05/28/11

6.50

307

Wilfrid Exantus &

Term loan

07/19/07

01/19/11

6.25

307

306

Mohammad Ashraf Ali

Term loan

06/10/10

06/10/13

5.50

310

303

305

Alex Rabello

Term loan

03/04/08

03/04/11

5.50

304

303

Jean A. Alexandre

Term loan

06/28/10

07/15/13

6.00

302

300

301

Double Cab Corp

Term loan

07/24/09

07/16/12

5.50

300

301

Avner Ben-Levy

Term loan

07/08/10

07/08/13

5.35

302

298

301

Chaim Tepper

Term loan

06/01/07

01/28/11

7.00

300

Pablo A Navarro

Term loan

05/02/08

05/02/11

6.50

293

Man Singh

Term loan

09/07/10

09/07/13

5.50

289

288

289

Tarek Elsaid

Term loan

10/23/09

10/23/12

5.50

277

Tiki Cab Corporation

Term loan

04/19/10

04/19/13

4.80

275

Joseph Rene &

Term loan

02/21/08

02/21/11

6.25

274

273

Barbara Przezdziecka

Term loan

05/10/07

05/09/12

7.25

271

Malkit Singh

Term loan

03/06/08

03/06/11

5.88

270

269

Lucien Montpeirous

Term loan

07/17/07

07/17/12

7.25

259

Rom-Lat Hacking Corp/Note 2 &

Term loan

01/14/10

01/14/13

6.70

259

257

256

Serge Bonny

Term loan

08/19/08

08/18/11

6.13

252

Zvuloon Express Cab Corp

Term loan

03/26/07

03/14/11

5.00

250

Fenway Cab Corp

Term loan

08/22/07

06/01/11

5.00

250

Mamkale Transit Inc

Term loan

08/22/07

06/01/11

5.00

250

Munkach Transit Inc

Term loan

08/22/07

06/01/11

5.00

250

Sabrinush Transit Inc

Term loan

08/22/07

06/01/11

5.00

250

Sapphire Transit Inc

Term loan

08/22/07

06/01/11

5.00

250

Slate Cab Corp

Term loan

08/22/07

06/01/11

5.00

250

Specter Cab Corp

Term loan

08/22/07

06/01/11

5.00

250

W Sar Trans Corp

Term loan

08/22/07

06/01/11

5.00

250

Wlol Trans Corp

Term loan

08/22/07

06/01/11

5.00

250

Brini Transit Inc

Term loan

08/22/07

06/01/11

5.00

250

Edward Weber

Term loan

11/04/05

05/14/11

5.75

248

Rom-Lat Hacking Corp/Note 1 &

Term loan

01/14/10

01/14/13

6.70

259

243

245

Mohammad Azhar

Term loan

08/11/08

08/11/11

6.25

245

244

Abdul H Abid

Term loan

06/09/09

06/09/14

6.38

244

Amos B Baffour-Gyau

Term loan

10/04/10

10/04/13

5.50

243

241

243

Chuhar Singh

Term loan

06/02/10

06/02/15

5.40

250

237

240

Joseph L Marescot

Term loan

02/18/10

02/18/13

6.00

243

235

237

Abdullah Zivali

Term loan

04/15/10

04/15/13

5.75

250

235

236

Ali Akbar

Term loan

03/04/10

03/04/13

5.75

245

235

236

Rehmet Khan

Term loan

03/27/08

03/27/11

5.50

233

Ram L Sharma

Term loan

06/18/08

06/18/18

5.75

224

Ede Service Corp

Term loan

07/20/07

07/20/17

6.75

210

Slo Cab Corp

Term loan

07/20/07

07/20/17

6.75

210

Nicolae Blidariu

Term loan

02/29/08

02/28/23

6.50

206

207

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Baljit Panjaur & P Singh/Note 1		#	#	Term loan	08/27/08	08/27/11		1		*		6.50	%	$	0			$	206	$	206
	Joseph S. Geneus &		#	#	Term loan	11/19/07	11/19/10		1		*		7.25	%	$	0			$	198	$	197
	David Taxi Corp				Term loan	10/05/10	10/04/13		1		*		5.00	%	$	0	$	2,400	$	192	$	194
	Zante Cab Corp/Mbank				Term loan	02/02/10	02/02/15		1		*		6.01	%	$	0	$	195	$	192	$	192
	Wilfrid Barreau				Term loan	12/29/09	12/29/16		1		*		5.75	%	$	0			$	185	$	185
	Orr Cab Corp		#	#	Term loan	04/06/06	03/28/12		1		*		5.75	%	$	0			$	185	$	185
	Folio Taxi Corp		#	#	Term loan	04/06/06	03/28/12		1		*		5.75	%	$	0			$	185	$	185
	Gasless Transit Llc/Bnote				Term loan	10/23/06	10/23/16		1		*		6.38	%	$	0			$	175	$	175
	Electron Transit Llc/B Note				Term loan	10/23/06	10/23/16		1		*		6.38	%	$	0			$	175	$	175
	Fusion Transit Llc/B Note				Term loan	10/23/06	10/23/16		1		*		6.38	%	$	0			$	175	$	175
	Atom Transit Llc/B Note				Term loan	11/03/06	11/03/16		1		*		6.38	%	$	0			$	175	$	175
	Duracell Transit Llc/B Note				Term loan	11/03/06	11/03/16		1		*		6.38	%	$	0			$	175	$	175
	Jackie L Chaiken & Michael Cha		#	#	Term loan	02/10/04	04/08/11		1		*		6.90	%	$	0			$	173	$	173
	Baljit Panjaur P Singh/Note 2				Term loan	08/27/08	08/27/11		1		*		6.50	%	$	0			$	164	$	164
	Daniel Victor		#	#	Term loan	05/07/08	05/07/11		1		*		5.75	%	$	0			$	160	$	159
	Joubert Toussaint				Term loan	02/19/10	02/19/13		1		*		6.00	%	$	0	$	162	$	157	$	158
	Joseph Bologna		#	#	Term loan	10/06/10	10/01/13		1		*		5.50	%	$	0	$	155	$	154	$	156
	Angelita Transit Inc/Note 1				Term loan	04/22/10	04/22/13		1		*		5.38	%	$	0	$	156	$	155	$	155
	Ede Service Corp/Mfun				Term loan	07/24/07	07/20/17		1		*		7.50	%	$	0			$	151	$	151
	Shabbir Ahmed		#	#	Term loan	04/06/05	04/06/15		1		*		6.75	%	$	0			$	149	$	149
	Yaniv Express Cab Co				Term loan	08/01/99	03/14/11		1		*		5.00	%	$	0			$	143	$	142
	Roman Fermin		#	#	Term loan	04/09/09	04/09/12		1		*		6.00	%	$	0			$	142	$	142
	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
	Anastasios Tsiklidis				Term loan	08/12/09	02/12/16		1		*		6.13	%	$	0			$	132	$	133
	Boris Ushman		#	#	Term loan	05/21/03	05/05/12		1		*		6.88	%	$	0			$	127	$	126
	Elias Cab Corp		#	#	Term loan	04/14/08	04/14/12		1		*		5.25	%	$	0			$	126	$	126
	Norberto Cardona		#	#	Term loan	05/18/09	05/18/14		1		*		6.25	%	$	0			$	124	$	124
	Ilias Karanikolas/Note 2				Term loan	11/03/10	11/03/13		1		*		6.00	%	$	0	$	124	$	124	$	124
	Jose Perez		#	#	Term loan	11/03/98	10/10/12		1		*		7.00	%	$	0			$	119	$	119
	Aleksandr Sverdlov		#	#	Term loan	03/02/05	02/11/11		1		*		6.00	%	$	0			$	118	$	118
	First Eight Grand Corp/Mbank				Term loan	04/28/10	04/28/13		1		*		7.27	%	$	0	$	103	$	103	$	101
	Ny Diploma Taxi Corp/Mfun				Term loan	07/24/07	07/20/17		1		*		7.50	%	$	0			$	101	$	101
	Jorge J Nisthauz		#	#	Term loan	09/21/00	08/04/11		1		*		6.50	%	$	0			$	100	$	100
	Ken Service Corp/Mbank				Term loan	09/02/10	09/01/13		1		*		5.00	%	$	0	$	115	$	115	$	100
	Ketgo Express Cab Co				Term loan	12/16/08	01/16/11		1		*		7.00	%	$	0			$	100	$	99
	King Pierre Taxi Inc				Term loan	10/18/10	10/15/13		1		*		5.00	%	$	0	$	1,200	$	96	$	98
	N.Y. Indigo Taxi Corp				Term loan	10/05/10	10/04/13		1		*		5.00	%	$	0	$	1,200	$	96	$	98
	Eddy Joseph		#	#	Term loan	12/20/00	01/01/14		1		*		6.00	%	$	0			$	96	$	96
	Michael Piccolo		#	#	Term loan	05/03/06	03/03/15		1		*		5.50	%	$	0			$	90	$	90
	Mode Service Corp				Term loan	04/08/05	04/08/15		1		*		6.60	%	$	0			$	89	$	89
	Julella Cab Corp				Term loan	10/21/10	10/20/13		1		*		5.00	%	$	0	$	1,723	$	87	$	89
	Jean F Bellanton				Term loan	07/29/05	07/29/15		1		*		6.25	%	$	0			$	86	$	86
	Ny Pisces Taxi Corp				Term loan	10/18/10	10/15/13		1		*		5.00	%	$	0	$	1,200	$	84	$	86
	Ny Kind Taxi Corp				Term loan	10/05/10	10/04/13		1		*		5.00	%	$	0	$	1,200	$	84	$	86
	Ny Cookie Taxi Corp				Term loan	10/05/10	10/04/13		1		*		5.00	%	$	0	$	1,200	$	84	$	86

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	King Mario Taxi Inc				Term loan	10/05/10	10/04/13		1		*		5.00	%	$	0	$	1,200	$	84	$	86
	Isotope Transit Llc/B Note				Term loan	10/31/06	10/31/16		1		*		6.38	%	$	0			$	85	$	84
	Juiced Transit Llc/B Note				Term loan	10/31/06	10/31/16		1		*		6.38	%	$	0			$	85	$	84
	Kinetic Transit Llc/B Note				Term loan	10/31/06	10/31/16		1		*		6.38	%	$	0			$	85	$	84
	Lowvolt Transit Llc				Term loan	10/31/06	10/31/16		1		*		6.38	%	$	0			$	85	$	84
	Mixfuel Transit Llcb Note				Term loan	10/31/06	10/31/16		1		*		6.38	%	$	0			$	85	$	84
	Quark Transit Llc/B Note				Term loan	10/16/06	10/16/16		1		*		6.38	%	$	0			$	85	$	84
	Neutron Transit Llc/B Note				Term loan	10/16/06	10/16/16		1		*		6.38	%	$	0			$	85	$	84
	Proton Transit Llc/B Note				Term loan	10/16/06	10/16/16		1		*		6.38	%	$	0			$	85	$	84
	Rechargeable Transit Llc/Bnote				Term loan	10/16/06	10/16/16		1		*		6.38	%	$	0			$	85	$	84
	Hybrid Transit Llc/B Note				Term loan	10/23/06	10/23/16		1		*		6.38	%	$	0			$	85	$	84
	Yberto Santana		#	#	Term loan	09/14/10	07/14/15		1		*		5.50	%	$	0	$	84	$	81	$	83
	BU Taxi LLC				Term loan	12/29/10	12/15/15		1		*		7.40	%	$	0	$	75	$	75	$	75
	Carlos Rios				Term loan	03/10/08	03/10/11		1		*		6.25	%	$	0			$	74	$	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
	Whispers Taxi Inc/Mbank				Term loan	04/20/10	04/20/13		1		*		6.25	%	$	0	$	70	$	70	$	70
	Ede Service Corp				Term loan	07/20/07	07/20/17		1		*		6.75	%	$	0			$	69	$	69
	Robola Inc/Mbank				Term loan	12/07/04	07/17/12		1		*		5.85	%	$	0			$	65	$	65
	Grand Yellow Taxi Ltd				Term loan	07/30/09	07/30/12		1		*		5.75	%	$	0			$	64	$	64
	Natlon Hacking Corp				Term loan	08/17/10	08/16/13		1		*		5.25	%	$	0	$	1,200	$	62	$	64
	Jacal Hacking Corp				Term loan	08/17/10	08/16/13		1		*		5.25	%	$	0	$	1,200	$	62	$	64
	Heby Taxi Inc./Mbank				Term loan	09/02/10	09/01/13		1		*		5.00	%	$	0	$	76	$	76	$	63
	Libnoth Cab Corp/Mbank				Term loan	09/02/10	09/01/13		1		*		5.00	%	$	0	$	76	$	76	$	63
	Junco Taxi Inc/Mbank				Term loan	09/02/10	09/01/13		1		*		5.00	%	$	0	$	76	$	76	$	63
	Otolizz Hacking Corp				Term loan	01/14/09	01/13/12		1		*		6.50	%	$	0			$	61	$	63
	Tulya Kogan Associates Inc				Term loan	01/09/09	01/09/12		1		*		6.25	%	$	0			$	62	$	63
	Lazaros Taxi Inc				Term loan	11/01/10	11/01/15		1		*		4.80	%	$	0	$	63	$	62	$	62
	Kesev Taxi Inc				Term loan	10/05/10	10/04/13		1		*		5.00	%	$	0	$	1,200	$	60	$	62
	N.Y. Yno Taxi Corp				Term loan	10/05/10	10/04/13		1		*		5.00	%	$	0	$	1,200	$	60	$	62
	N.Y. Abar Taxi Corp				Term loan	10/05/10	10/04/13		1		*		5.00	%	$	0	$	1,200	$	60	$	62
	Y Mommy Taxi				Term loan	12/23/10	12/15/15		1		*		4.88	%	$	0	$	60	$	60	$	60
	Kby Taxi Inc/Mbank				Term loan	04/28/10	04/28/13		1		*		7.07	%	$	0	$	61	$	61	$	59
	Motors Taxi Inc/Mbank				Term loan	04/28/10	04/28/13		1		*		7.07	%	$	0	$	61	$	61	$	59
	Avi Taxi Corporation				Term loan	04/28/10	04/28/13		1		*		7.07	%	$	0	$	61	$	61	$	59
	Ricale Taxi Inc				Term loan	07/24/03	02/15/11		1		*		5.63	%	$	0			$	58	$	58
	Dani Taxi Inc				Term loan	12/23/10	12/15/15		1		*		4.88	%	$	0	$	1,100	$	55	$	57
	Y Daddy Taxi Inc				Term loan	12/23/10	12/15/15		1		*		4.88	%	$	0	$	1,100	$	55	$	57
	Ricale Taxi Inc/B Note		#	#	Term loan	02/10/04	02/15/11		1		*		5.63	%	$	0			$	57	$	57
	Appoint Cab Corp/Mbank				Term loan	12/06/10	12/06/13		1		*		7.96	%	$	0	$	57	$	57	$	57
	Blend Transit Llc/B Note				Term loan	11/03/06	11/03/16		1		*		6.38	%	$	0			$	56	$	56
	Composite Transit Llc/B Note				Term loan	11/03/06	11/03/16		1		*		6.38	%	$	0			$	56	$	56
	Hereford Cab Corp				Term loan	04/25/08	04/24/12		1		*		5.00	%	$	0			$	53	$	53
	Bursa Cab Corp/Note 1				Term loan	03/23/01	09/10/23		1		*		6.00	%	$	0			$	53	$	53
	North Moore Taxi Inc				Term loan	10/25/10	10/25/13		1		*		4.50	%	$	0	$	979	$	49	$	52
	Hoyt Cab Corp				Term loan	10/25/10	10/25/13		1		*		4.50	%	$	0	$	979	$	49	$	52

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Goodspeed Transit Inc/Mbank				Term loan	09/14/09	09/14/12		1		*		6.07	%	$	0			$	54	$	51
	Samiullah Zaman/Mbank				Term loan	09/09/10	09/09/13		1		*		7.79	%	$	0	$	53	$	53	$	50
	M.Y. Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	960	$	48	$	50
	Mellow Yellow Taxi Corp/Mbank				Term loan	10/21/09	10/21/12		1		*		6.07	%	$	0			$	51	$	48
	Anthony Okyere Duah/Mbank				Term loan	07/25/08	07/25/11		1		*		7.00	%	$	0			$	48	$	48
	Dayna Hacking Corp/Mbank				Term loan	04/20/10	04/20/13		1		*		6.25	%	$	0	$	47	$	47	$	47
	Bellsky Taxi Llc/Mbank				Term loan	09/15/09	09/14/12		1		*		6.07	%	$	0			$	49	$	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
	Poopie Cab Corp				Term loan	10/25/10	10/25/13		1		*		4.50	%	$	0	$	860	$	43	$	46
	Mazl Taxi Inc/Mbank				Term loan	09/07/10	09/07/13		1		*		5.00	%	$	0	$	56	$	56	$	46
	Ny Kfar Taxi Corp/Mbank				Term loan	09/07/10	09/03/13		1		*		5.00	%	$	0	$	56	$	56	$	46
	Twinkle Cab Corp/Mbank				Term loan	09/07/10	09/03/13		1		*		5.00	%	$	0	$	56	$	56	$	46
	Barometer Hacking Co				Term loan	03/10/08	03/08/11		1		*		5.60	%	$	0			$	45	$	45
	Jacob Express Cab Co				Term loan	02/22/05	02/14/11		1		*		5.10	%	$	0			$	45	$	45
	Orys Trans Corp				Term loan	01/04/07	01/28/11		1		*		5.00	%	$	0			$	44	$	44
	Gurdeep Singh/Mbank				Term loan	12/15/09	12/15/12		1		*		8.00	%	$	0			$	43	$	43
	Lemon Trans Corp &				Term loan	12/24/09	12/24/12		1		*		6.50	%	$	0			$	43	$	43
	Leka Transit Inc				Term loan	06/03/08	06/03/16		1		*		5.00	%	$	0			$	42	$	42
	Tate Cab Corp				Term loan	06/03/08	06/03/16		1		*		5.00	%	$	0			$	42	$	42
	Mercedes Hacking Corp				Term loan	05/04/10	05/04/13		1		*		6.00	%	$	0	$	69	$	49	$	42
	Lakhbir Sing & Kuldi		#	#	Term loan	08/17/98	12/01/12		1		*		6.85	%	$	0			$	42	$	42
	Bento Trans Corp				Term loan	03/14/08	03/13/11		1		*		5.00	%	$	0			$	41	$	41
	Nili Trans Corp				Term loan	03/14/08	03/13/11		1		*		5.00	%	$	0			$	41	$	41
	Batch Bootch Express Cab Corp				Term loan	03/14/08	03/13/11		1		*		5.00	%	$	0			$	41	$	41
	Niroosh Express Cab Corp.				Term loan	03/14/08	03/13/11		1		*		5.00	%	$	0			$	41	$	41
	Sharon Express Cab C				Term loan	03/14/08	03/13/11		1		*		5.00	%	$	0			$	41	$	41
	Bursa Cab Corp/Note 2				Term loan	03/23/01	09/10/23		1		*		6.00	%	$	0			$	40	$	40
	Ravinder Singh & M Multani/Mbk				Term loan	10/28/10	10/28/13		1		*		8.12	%	$	0	$	40	$	40	$	40
	Lightning Hacking Corp				Term loan	06/29/07	03/07/11		1		*		5.60	%	$	0			$	41	$	40
	Gerard G Tema				Term loan	12/06/10	12/06/13		1		*		6.50	%	$	0	$	40	$	40	$	40
	Zahav Taxi Llc				Term loan	12/23/10	12/15/15		1		*		4.88	%	$	0	$	750	$	38	$	40
	Tosal Hacking Corp				Term loan	07/03/07	01/10/11		1		*		5.25	%	$	0			$	40	$	39
	Nosea Taxi Llc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	750	$	38	$	39
	1212 Taxi Llc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	750	$	38	$	39
	Julia Rose Hacking Corp./Mbank				Term loan	10/21/10	10/20/13		1		*		8.00	%	$	0	$	39	$	39	$	39
	Humidity Hacking Corp				Term loan	10/21/10	10/20/13		1		*		5.00	%	$	0	$	716	$	36	$	38
	Erwich Chery/Mbank				Term loan	11/13/09	11/13/12		1		*		7.86	%	$	0			$	39	$	38
	Edes Hacking Corp				Term loan	06/29/07	03/07/11		1		*		5.60	%	$	0			$	38	$	37
	Vortex Hacking Corp				Term loan	06/29/07	03/07/11		1		*		5.60	%	$	0			$	38	$	37
	Fernande Paul Cab Corp/Mbank				Term loan	06/12/08	06/11/12		1		*		7.39	%	$	0			$	36	$	36
	Zeisel Hacking Corp/Mbank				Term loan	04/14/10	04/14/15		1		*		5.00	%	$	0	$	39	$	38	$	35
	West Fifth Street Service/Mfun				Term loan	05/18/10	05/12/13		1		*		7.22	%	$	0	$	39	$	39	$	35
	Paine Hacking Corp.				Term loan	05/13/10	05/12/13		1		*		7.22	%	$	0	$	39	$	39	$	35
	Neer Cab Corp/Mbnk				Term loan	10/21/10	10/20/13		1		*		8.00	%	$	0	$	34	$	34	$	34
	Travis R Bazile & Jean Exinvil				Term loan	10/06/10	10/06/13		1		*		7.58	%	$	0	$	36	$	36	$	34

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Ahmed Nazim & H Mostafa/Mbank				Term loan	09/16/10	09/16/13		1		*		7.18	%	$	0	$	38	$	38	$	32
	Y Meir Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	600	$	30	$	32
	M.M.Y Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	600	$	30	$	32
	Y Mike Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	600	$	30	$	32
	N&A Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	600	$	30	$	32
	Y Michal Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	600	$	30	$	32
	S&M Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	600	$	30	$	32
	Y Mati Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	600	$	30	$	32
	Jacob Apoh/Mfin				Term loan	05/13/10	05/13/13		1		*		6.00	%	$	0	$	30	$	30	$	30
	Mongerry Hacking Cor				Term loan	08/02/10	08/02/13		1		*		5.00	%	$	0	$	570	$	28	$	30
	Mohammed Abdu & H Hedru/Mbank				Term loan	08/11/06	08/04/12		1		*		8.01	%	$	0			$	29	$	29
	Jacques A Petion &				Term loan	07/30/10	07/30/14		1		*		7.00	%	$	0	$	30	$	29	$	29
	Wisly Noel/Mbank				Term loan	06/24/10	06/23/13		1		*		6.50	%	$	0	$	28	$	28	$	28
	Erwich Chery				Term loan	09/21/10	09/21/13		1		*		7.00	%	$	0	$	26	$	25	$	27
	MOHAMMED A HAKIM/MBANK				Term loan	12/29/10	12/28/13		1		*		7.96	%	$	0	$	27	$	27	$	27
	Brandon Taxi Llc/Mbank				Term loan	11/24/10	11/24/15		1		*		7.50	%	$	0	$	27	$	27	$	27
	Barth Taxi Llc/Mbank				Term loan	11/24/10	11/24/15		1		*		7.50	%	$	0	$	27	$	27	$	27
	Choudhry F. R. Mealow/Mfun &				Term loan	02/02/09	01/28/12		1		*		7.00	%	$	0			$	26	$	26
	Guy Fouyolle		#	#	Term loan	05/22/98	07/22/11		1		*		6.13	%	$	0			$	26	$	26
	Jaspal Singh/Mbank				Term loan	10/27/10	10/27/13		1		*		11.66	%	$	0	$	26	$	26	$	26
	Trojan Cab Corp/Mbank				Term loan	12/08/09	10/20/13		1		*		8.00	%	$	0			$	27	$	25
	Pikada Transit Inc/Mbank				Term loan	12/08/09	10/20/13		1		*		8.00	%	$	0			$	27	$	25
	Trylon Transit Inc/Mbank				Term loan	12/08/09	10/20/13		1		*		8.00	%	$	0			$	27	$	25
	Yegal Express Cab Co/Mbank				Term loan	11/10/10	11/10/13		1		*		10.13	%	$	0	$	25	$	25	$	25
	Syed Razwan Ahmed				Term loan	05/25/10	05/25/13		1		*		7.25	%	$	0	$	28	$	23	$	25
	Rigoberto Farciert/Mbank				Term loan	04/08/10	04/08/13		1		*		5.25	%	$	0	$	24	$	24	$	24
	Opera Taxi Inc				Term loan	12/23/10	12/15/15		1		*		4.88	%	$	0	$	422	$	21	$	23
	Kesef Taxi Inc				Term loan	12/23/10	12/15/15		1		*		4.88	%	$	0	$	422	$	21	$	23
	Ronen Taxi Inc				Term loan	12/23/10	12/15/15		1		*		4.88	%	$	0	$	422	$	21	$	23
	Mry Taxi Inc				Term loan	12/23/10	12/15/15		1		*		4.88	%	$	0	$	422	$	21	$	23
	Saba Moshe Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	422	$	21	$	23
	Mtr Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	422	$	21	$	23
	Maya Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	422	$	21	$	23
	M&J Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	422	$	21	$	23
	Neomi & Z Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	422	$	21	$	23
	Piper Cab Corp				Term loan	10/23/02	01/10/12		1		*		6.00	%	$	0			$	23	$	23
	Syed M Nuruzzaman/Mfun				Term loan	08/18/10	08/18/13		1		*		8.11	%	$	0	$	25	$	25	$	23
	Malik G Sabir/Mbank				Term loan	10/08/10	10/08/13		1		*		5.50	%	$	0	$	23	$	23	$	23
	Julio Farfan				Term loan	08/06/09	08/06/12		1		*		5.88	%	$	0			$	21	$	23
	Frantz Louhis & Joseph Paul				Term loan	08/11/08	08/11/11		1		*		6.50	%	$	0			$	22	$	23
	Dominique Ismael				Term loan	11/15/10	11/15/13		1		*		5.50	%	$	0	$	395	$	20	$	22
	Rs Hacking Corp/Mbank				Term loan	11/10/09	07/10/13		1		*		5.69	%	$	0			$	24	$	22
	Y Joey Taxi Inc				Term loan	06/29/10	06/17/13		1		*		5.00	%	$	0	$	400	$	20	$	22
	Tyme Cab Corp				Term loan	04/04/06	04/15/11		1		*		5.25	%	$	0			$	22	$	22
	Ruckman Hacking Corp				Term loan	08/02/10	08/02/13		1		*		5.00	%	$	0	$	389	$	19	$	21
	Geraldine Hacking Co				Term loan	08/02/10	08/02/13		1		*		5.00	%	$	0	$	388	$	19	$	21

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)		Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Symbi Enterprises Inc/Mbank		Term loan	12/28/09	12/28/12		1		*		6.19	%	$	0			$	23	$	21
	Albert A Agyemang		Term loan	08/25/09	08/25/12		1		*		6.00	%	$	0			$	21	$	21
	Marcelino Hervias		Term loan	08/21/09	09/15/12		1		*		5.75	%	$	0			$	21	$	21
	Balvir Chauhan / Note 2 Of 2		Term loan	06/14/10	06/14/13		1		*		5.50	%	$	0	$	19	$	19	$	20
	Mohammed Khan		Term loan	08/06/09	08/06/12		1		*		5.75	%	$	0			$	20	$	20
	Redouan Laghiti/Mbnk		Term loan	12/05/08	12/05/11		1		*		7.12	%	$	0			$	20	$	20
	Alexander A Malamud		Term loan	03/31/08	04/01/11		1		*		5.50	%	$	0			$	20	$	20
	Jorge J Nisthauz		Term loan	11/05/08	11/05/13		1		*		8.50	%	$	0			$	20	$	19
	Seide Venord/Mbank		Term loan	04/23/10	04/23/13		1		*		6.00	%	$	0	$	19	$	19	$	19
	Channels Cab Corp		Term loan	03/01/07	02/01/11		1		*		6.75	%	$	0			$	19	$	19
	Harpal S Bhola & Sukhdev Singh		Term loan	07/24/09	07/23/12		1		*		6.00	%	$	0			$	18	$	19
	Juan Mendoza & Medora Moreira		Term loan	04/24/07	03/13/11		1		*		6.50	%	$	0			$	18	$	18
	N&B Taxi Inc		Term loan	01/23/04	06/23/11		1		*		5.40	%	$	0			$	18	$	18
	Bernard Laguerre/Mbank		Term loan	12/02/10	12/02/13		1		*		9.75	%	$	0	$	18	$	18	$	18
	West Express Cab Corp/Nt 2/Mbk		Term loan	03/19/10	07/16/13		1		*		5.79	%	$	0	$	21	$	20	$	18
	Pierre Dupervil/Mbank		Term loan	04/09/10	04/09/13		1		*		7.74	%	$	0	$	23	$	22	$	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
	Anwar Khalifa/Mbank		Term loan	04/01/10	04/01/13		1		*		7.82	%	$	0	$	20	$	20	$	17
	Doreen Express Cab Corp/Mbank		Term loan	03/22/10	03/22/20		1		*		5.75	%	$	0	$	19	$	18	$	16
	Eliot Saffir/Mbank		Term loan	04/23/10	04/23/13		1		*		6.00	%	$	0	$	18	$	17	$	16
	Serge Albert & W. Antenor/Mbnk		Term loan	05/26/10	05/26/15		1		*		6.00	%	$	0	$	18	$	17	$	16
	Raj Vardhan		Term loan	03/27/06	03/06/12		1		*		6.25	%	$	0			$	16	$	16
	Bute Taxi Corp		Term loan	10/23/02	01/10/12		1		*		6.00	%	$	0			$	15	$	15
	Shir Express Cab Cor		Term loan	10/23/02	01/10/12		1		*		6.00	%	$	0			$	15	$	15
	Jean M Venord/Mbank		Term loan	02/11/10	02/10/13		1		*		6.13	%	$	0	$	16	$	16	$	15
	Gurnam Singh/Mbank		Term loan	08/23/10	08/23/13		1		*		8.87	%	$	0	$	14	$	14	$	14
	Philip Frabosilo		Term loan	04/29/08	04/29/11		1		*		6.75	%	$	0			$	13	$	13
	Wagon Service Corp		Term loan	05/14/10	05/14/13		1		*		6.50	%	$	0	$	15	$	12	$	13
	M & A Transit Inc/Mbnk		Term loan	05/21/10	11/18/14		1		*		6.00	%	$	0	$	16	$	15	$	13
	Melfort Transit Inc/Mfun		Term loan	05/21/10	11/18/14		1		*		6.00	%	$	0	$	15	$	15	$	13
	Maricourt Transit Inc/Mfun		Term loan	05/21/10	11/18/14		1		*		6.00	%	$	0	$	15	$	15	$	13
	Adam Vlahakis/Mbank		Term loan	10/23/09	10/23/12		1		*		7.78	%	$	0			$	13	$	13
	Nobert Auguste		Term loan	10/28/10	10/28/13		1		*		14.00	%	$	0	$	14	$	12	$	12
	Zhi Li Peng &		Term loan	09/11/09	09/11/13		1		*		7.00	%	$	0			$	12	$	12
	Wilfrid Barreau		Term loan	12/29/09	12/29/12		1		*		6.50	%	$	0			$	10	$	11
	Humyoun Kabir/Mbank		Term loan	08/18/10	08/16/13		1		*		6.17	%	$	0	$	14	$	14	$	10
	Satnam Singh/Mbank		Term loan	06/16/05	03/14/11		1		*		7.23	%	$	0			$	9	$	9
	Redouan Laghiti		Term loan	04/14/09	10/14/11		1		*		7.00	%	$	0			$	8	$	9
	Jamcie Service Co Inc/Mbank		Term loan	06/29/09	07/16/13		1		*		5.35	%	$	0			$	6	$	6
	West Express Cab Corp/Nt 1/Mbk		Term loan	03/19/10	07/16/13		1		*		5.50	%	$	0	$	7	$	6	$	6
	Clavel E Thompson		Term loan	09/18/03	09/20/11		1		*		6.50	%	$	0			$	6	$	6
	Claude Michael Lessage/Mbank		Term loan	01/22/10	01/22/12		1		*		9.00	%	$	0	$	8	$	8	$	5
	Joubert Toussaint		Term loan	11/12/10	11/12/15		1		*		6.00	%	$	0	$	5	$	5	$	5

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Rigani Trans Inc		#	#	Term loan	01/25/00	04/25/11		1		*			5.50	%	$	0			$	5	$	5
	Amarjit Sangera/Mbank				Term loan	05/26/06	04/28/15		1		*			7.39	%	$	0			$	5	$	5
	Two Filoi Taxi Inc				Term loan	01/15/04	01/15/14		1		*			5.75	%	$	0			$	5	$	5
	Avalanche Hckng Corp/Note 2/Mb				Term loan	06/29/09	07/16/13		1		*			5.84	%	$	0			$	6	$	5
	Jorge R Sahad/Mbank				Term loan	04/27/10	04/27/13		1		*			8.34	%	$	0	$	5	$	5	$	4
	Gurpal Singh				Term loan	02/26/04	12/06/11		1		*			6.25	%	$	0			$	2	$	2
	Hawk Service Corp				Term loan	02/27/08	02/25/11		1		*			6.50	%	$	0			$	0	$	0

Chicago									151		21	%		6.69	%	$	0	$	20,271	$	34,832	$	34,986
	Chicago Seven Inc		#	#	Term loan	09/10/09	09/10/12		1		1	%		6.63	%	$	0			$	2,408	$	2,408
	Cozy Cab Co, Et Al		#	#	Term loan	09/09/08	09/24/12		1		1	%		7.88	%	$	0			$	2,056	$	2,057
	Chicago Medallion Four Llc		#	#	Term loan	11/23/09	11/23/13		1		1	%		6.75	%	$	0			$	913	$	913
	Chicago Medallion Three Llc		#	#	Term loan	03/24/10	03/24/14		1		1	%		6.75	%	$	0	$	933	$	906	$	907
	Chicago Medallion Two Llc		#	#	Term loan	02/16/10	02/16/14		1		1	%		6.75	%	$	0	$	934	$	903	$	905
	Chicago Medallion One Llc				Term loan	11/23/09	11/23/13		1		1	%		6.75	%	$	0			$	835	$	836
	Chicago Medallion Nine Llc		#	#	Term loan	05/19/10	05/19/14		1		*			7.00	%	$	0	$	789	$	767	$	769
	Johns Cabs Corp		#	#	Term loan	03/04/10	03/04/13		1		*			6.63	%	$	0	$	700	$	692	$	694
	Any Cab Corp		#	#	Term loan	11/09/10	11/09/13		1		*			6.00	%	$	0	$	690	$	689	$	691
	Peach Capital & Chadwick Capit		#	#	Term loan	11/09/10	11/09/14		1		*			6.60	%	$	0	$	667	$	665	$	666
	N And M Valdof Hacking Corp		#	#	Term loan	03/29/10	03/29/13		1		*			6.63	%	$	0	$	600	$	594	$	595
	Lucky Seven Chicago One Inc		#	#	Term loan	09/10/09	09/10/12		1		*			6.63	%	$	0			$	578	$	578
	Blue Eyes Cab Corp		#	#	Term loan	09/10/09	09/10/12		1		*			6.63	%	$	0			$	578	$	578
	Hudson Cab Corp		#	#	Term loan	09/13/10	09/13/13		1		*			6.00	%	$	0	$	486	$	484	$	486
	M&N 5th Avenue Hacking Corp				Term loan	08/30/10	08/30/13		1		*			6.63	%	$	0	$	480	$	478	$	480
	Santorini Two Cab Corp		#	#	Term loan	11/11/10	11/11/13		1		*			6.00	%	$	0	$	460	$	460	$	462
	Tribeca Three Cab Corp		#	#	Term loan	11/11/10	11/11/13		1		*			6.00	%	$	0	$	460	$	460	$	462
	Santorini Six Cab Corp		#	#	Term loan	11/11/10	11/11/13		1		*			6.00	%	$	0	$	460	$	460	$	462
	Deka Cab Corp		#	#	Term loan	11/09/10	11/09/13		1		*			6.00	%	$	0	$	460	$	459	$	461
	Oia Cab Corp		#	#	Term loan	11/09/10	11/09/13		1		*			6.00	%	$	0	$	460	$	459	$	461
	Blue Valentine Cab Corp				Term loan	12/22/10	12/22/13		1		*			6.00	%	$	0	$	432	$	432	$	434
	Tumblin Dice Taxi Inc				Term loan	12/22/10	12/22/13		1		*			6.00	%	$	0	$	432	$	432	$	434
	Moo Moo Cab Co				Term loan	12/27/10	12/27/13		1		*			6.00	%	$	0	$	420	$	420	$	422
	Harriet C Inc				Term loan	11/17/10	11/17/13		1		*			6.50	%	$	0	$	420	$	420	$	421
	Ave Twenty-Three Inc		#	#	Term loan	04/30/08	04/25/11		1		*			6.95	%	$	0			$	380	$	380
	Ave Twenty-Four Inc		#	#	Term loan	04/30/08	04/25/11		1		*			6.95	%	$	0			$	380	$	380
	Ave Twenty-Five Inc		#	#	Term loan	04/30/08	04/25/11		1		*			6.95	%	$	0			$	380	$	380
	6920 Cab Co		#	#	Term loan	12/02/09	12/02/13		1		*			6.90	%	$	0			$	367	$	367
	Deka Three Cab Corp		#	#	Term loan	09/13/10	09/13/13		1		*			6.00	%	$	0	$	359	$	358	$	360
	Daniel And Monique Cab Corp.		#	#	Term loan	08/08/08	07/24/11		1		*			6.63	%	$	0			$	346	$	346
	Chicago Medallion Seven Llc		#	#	Term loan	04/29/05	05/05/13		1		*			7.00	%	$	0			$	301	$	301
	American Buffalo Cab Corp				Term loan	12/22/10	12/22/13		1		*			6.00	%	$	0	$	288	$	288	$	290
	Deka Two Cab Corp				Term loan	11/29/10	11/29/13		1		*			6.00	%	$	0	$	286	$	286	$	288
	Marbella Taxi Llc		#	#	Term loan	11/04/10	11/04/13		1		*			6.50	%	$	0	$	276	$	276	$	278
	Newcastle Taxi Llc		#	#	Term loan	12/01/10	12/01/13		1		*			6.50	%	$	0	$	276	$	276	$	278
	Illinois Taxi Llc		#	#	Term loan	11/09/10	11/09/13		1		*			6.50	%	$	0	$	276	$	276	$	277
	Liverpool Taxi Llc				Term loan	10/22/10	10/22/13		1		*			6.50	%	$	0	$	276	$	276	$	277

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010

(Dollars in thousands)

Obligor Name

Security Type
(all restricted unless
otherwise
noted)

Acquisition
Date

Maturity
Date

# of
Invest.

% of
Net
Assets

Interest
Rate⁽¹⁾

Capitalized
Interest

Original
Cost of
2010
Acquisitions⁽⁵⁾

Cost ⁽⁴⁾

Fair
Value

Leeds Taxi Llc

Term loan

10/01/10

10/01/13

6.50

276

275

277

Manchester Taxi Llc

Term loan

12/13/10

12/13/13

6.50

276

Lmb Taxi V Inc

Term loan

06/06/07

03/23/11

6.75

273

Lmb Taxi Iv Inc

Term loan

06/06/07

03/23/11

6.75

273

Mike Nat Hacking Chicago Corp

Term loan

03/05/07

03/21/11

6.75

267

Bks Hacking Chicago Corp

Term loan

03/05/07

03/23/11

6.75

266

Fare Cab Corp

Term loan

08/07/08

08/07/11

6.25

259

Good Cab Corp

Term loan

06/25/10

06/25/13

6.63

250

252

Eemahn Cab Co & Ashkahn Inc

Term loan

09/20/10

09/20/15

6.75

250

249

250

Loni’s Two Cab Corp

Term loan

02/21/07

03/23/11

6.75

247

Brilon One Cab Corp

Term loan

02/21/07

03/23/11

6.75

247

Showcase Sports Management Cor

Term loan

01/22/10

01/22/13

6.95

250

244

245

Sweetgrass Capital Corp

Term loan

11/09/10

11/09/14

6.60

222

221

224

Achakus Inc

Term loan

12/01/10

12/01/15

6.50

214

216

Chicago Jacal Hacking Ii Corp

Term loan

02/06/09

01/13/12

6.75

214

City Taxi Inc

Term loan

03/26/09

02/13/12

6.63

194

Kiki Cab Corp

Term loan

10/24/08

10/23/11

6.80

193

Ave Twenty-Six Inc

Term loan

04/30/08

04/25/11

6.95

190

Jsp Cab Corp

Term loan

08/07/08

08/07/11

6.25

173

Mjm Cab Corp

Term loan

08/07/08

08/07/11

6.25

173

Silky Cab Corp

Term loan

08/07/08

08/07/11

6.25

173

Andrew And Audrey Cab Corp

Term loan

08/07/08

08/07/11

6.25

173

Jamma Cab Corp

Term loan

08/07/08

08/07/11

6.25

173

Zeyrefda Inc

Term loan

11/15/10

11/15/15

6.50

145

147

Little Wing Cab Corp

Term loan

12/22/10

12/22/13

6.00

144

146

Alex Z Cab Corp

Term loan

11/10/10

11/10/15

6.50

140

139

141

Glendale Taxi Llc

Term loan

12/02/10

12/02/13

6.50

138

140

Annabelle Cab Corporation

Term loan

12/29/10

12/29/14

6.50

138

140

Malaga Taxi Llc

Term loan

11/02/10

11/02/13

6.50

138

139

Michael Two Cab Corp

Term loan

04/14/04

03/23/11

6.75

139

Lyon Taxi Llc

Term loan

08/13/10

08/13/13

6.50

138

135

136

Tad Taxi Co

Term loan

11/10/10

11/10/15

6.50

135

134

136

Alem B Cab Inc

Term loan

12/09/10

12/09/15

6.50

133

135

Tekezze Inc

Term loan

09/29/10

09/29/15

6.50

134

133

135

Ibex Cab Corp

Term loan

11/12/10

11/12/14

6.75

132

134

Alexandra School Cor

Term loan

06/15/10

06/15/15

7.00

129

126

133

Asmara Inc

Term loan

07/21/10

07/21/14

6.88

137

131

133

Musanour Cab Inc

Term loan

07/21/10

07/21/14

7.75

132

130

132

Interwoodex Inc

Term loan

11/02/10

11/02/14

6.50

130

131

��

Yenemekoya Inc

Term loan

12/21/10

12/21/15

6.50

129

131

Karbala Express Inc

Term loan

08/02/10

08/02/15

8.50

131

130

131

Imc Cab Corp

Term loan

08/27/10

08/27/13

6.63

130

129

131

Bedford Cab Two Corp

Term loan

07/30/10

07/30/13

6.63

130

129

131

Taxi For Less Inc

Term loan

07/21/10

07/21/14

6.90

130

128

130

M And L Taxi Corp

Term loan

07/30/10

07/30/15

6.75

130

128

129

Tina Two Hacking Corp

Term loan

10/24/08

10/22/11

6.80

129

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Adi Express Inc				Term loan	08/03/10	08/03/15		1		*		6.75	%	$	0	$	130	$	125	$	127
	Kayla Hacking Corp		#	#	Term loan	04/09/07	03/23/11		1		*		6.75	%	$	0			$	127	$	127
	Delina Cab Inc				Term loan	12/21/10	12/21/15		1		*		6.50	%	$	0	$	124	$	124	$	127
	Kale Trans Inc		#	#	Term loan	09/23/10	09/23/15		1		*		6.50	%	$	0	$	127	$	125	$	126
	Jpg Cab Corp				Term loan	08/02/10	08/02/15		1		*		8.25	%	$	0	$	125	$	124	$	126
	Musanour Cab Inc				Term loan	12/24/09	12/24/13		1		*		7.75	%	$	0			$	120	$	121
	Nour Enterprise Inc		#	#	Term loan	03/10/10	03/10/14		1		*		7.75	%	$	0	$	123	$	119	$	121
	Aniba Management & Services In		#	#	Term loan	12/24/09	12/24/13		1		*		7.75	%	$	0			$	120	$	121
	Three Kids Corp				Term loan	08/02/10	08/02/15		1		*		7.25	%	$	0	$	119	$	118	$	119
	Haile Cab Inc		#	#	Term loan	05/05/10	05/05/14		1		*		7.50	%	$	0	$	119	$	117	$	118
	Deka Cab Corp		#	#	Term loan	09/13/10	09/13/13		1		*		6.00	%	$	0	$	115	$	115	$	117
	Oia Cab Corp		#	#	Term loan	09/13/10	09/13/13		1		*		6.00	%	$	0	$	115	$	115	$	117
	Alireza Ajideh		#	#	Term loan	11/25/09	11/20/13		1		*		7.90	%	$	0			$	116	$	116
	Pireas Taxi Corp		#	#	Term loan	07/20/09	07/20/12		1		*		6.63	%	$	0			$	107	$	110
	Natasha Transportation Inc				Term loan	05/15/09	05/15/12		1		*		6.75	%	$	0			$	107	$	108
	Mike Taxi Corp				Term loan	03/20/09	02/19/12		1		*		6.75	%	$	0			$	107	$	108
	Natalia Taxi Corp				Term loan	04/03/09	02/19/12		1		*		6.75	%	$	0			$	107	$	108
	Mike Taxi Corp				Term loan	04/03/09	02/19/12		1		*		6.75	%	$	0			$	107	$	108
	Sullivan Taxi Llc				Term loan	06/19/09	06/19/12		1		*		6.63	%	$	0			$	107	$	108
	Natalia Taxi Corp				Term loan	03/27/09	02/19/12		1		*		6.75	%	$	0			$	107	$	108
	Mike Taxi Corp				Term loan	03/27/09	02/19/12		1		*		6.75	%	$	0			$	107	$	108
	Mike Taxi Corp				Term loan	03/11/09	02/19/12		1		*		6.75	%	$	0			$	107	$	107
	Natalia Taxi Corp				Term loan	04/17/09	04/17/12		1		*		6.75	%	$	0			$	107	$	107
	Mike Taxi Corp				Term loan	03/11/09	02/19/12		1		*		6.75	%	$	0			$	107	$	107
	Paik Cab Co				Term loan	05/26/10	05/26/15		1		*		8.50	%	$	0	$	108	$	106	$	107
	Natalia Taxi Corp				Term loan	03/02/09	02/19/12		1		*		6.75	%	$	0			$	107	$	107
	Chicago Jacal Hacking Corp		#	#	Term loan	02/06/09	01/13/12		1		*		6.75	%	$	0			$	107	$	107
	Chicago Jacal Hacking Corp		#	#	Term loan	03/11/09	01/13/12		1		*		6.75	%	$	0			$	107	$	107
	Natalia Taxi Corp				Term loan	03/11/09	02/19/12		1		*		6.75	%	$	0			$	106	$	107
	Nakfa Corp				Term loan	07/30/10	07/30/13		1		*		6.50	%	$	0	$	100	$	98	$	99
	Tigray Cab Inc				Term loan	12/03/10	12/03/15		1		*		6.50	%	$	0	$	96	$	96	$	98
	City Taxi Inc				Term loan	04/17/09	04/17/12		1		*		6.63	%	$	0			$	97	$	97
	Valasia Cab Co				Term loan	04/08/09	03/10/12		1		*		6.63	%	$	0			$	97	$	97
	Mikhalia Cabs Nine Inc		#	#	Term loan	07/01/05	03/23/11		1		*		6.75	%	$	0			$	95	$	95
	Semhar Corp		#	#	Term loan	12/06/10	12/06/15		1		*		6.50	%	$	0	$	93	$	93	$	95
	Adwa Express Inc				Term loan	11/24/10	11/24/15		1		*		6.50	%	$	0	$	92	$	92	$	94
	Osa Corp Of Chicago Inc				Term loan	11/11/10	11/11/15		1		*		6.50	%	$	0	$	94	$	91	$	93
	Koranco Co				Term loan	12/16/10	12/16/15		1		*		6.50	%	$	0	$	87	$	87	$	90
	Chicago Jacal Hacking Ii Corp		#	#	Term loan	03/02/05	03/23/11		1		*		6.75	%	$	0			$	88	$	88
	Che Ju Cab Co Ii		#	#	Term loan	12/22/08	12/18/13		1		*		8.00	%	$	0			$	84	$	85
	New Flower Inc				Term loan	12/13/10	12/13/15		1		*		6.50	%	$	0	$	65	$	65	$	67
	Saleem Inc & Jeff Cab Co		#	#	Term loan	10/17/08	10/15/13		1		*		8.50	%	$	0			$	62	$	62
	Chicago Elite Cab Corp				Term loan	11/27/07	05/29/11		1		*		7.25	%	$	0			$	32	$	32
	Michael Two Cab Corp		#	#	Term loan	08/25/06	03/23/11		1		*		6.75	%	$	0			$	32	$	32
	Baby Blue Cab				Term loan	12/29/10	10/14/14		1		*		8.50	%	$	0	$	28	$	28	$	28
	Deal Cab Inc				Term loan	12/29/10	10/14/14		1		*		8.50	%	$	0	$	28	$	28	$	28

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Tribeca Two Cab Corp				Term loan	11/05/10	11/05/13		1		*			6.00	%	$	0	$	460	$	23	$	25
	Santorini Four Cab Corp				Term loan	11/05/10	11/05/13		1		*			6.00	%	$	0	$	460	$	23	$	25
	Santorini Five Cab Corp				Term loan	11/05/10	11/05/13		1		*			6.00	%	$	0	$	460	$	23	$	25
	Patriot Trans Inc				Term loan	04/01/09	09/30/11		1		*			7.25	%	$	0			$	24	$	24
	C&J Trans Inc				Term loan	03/03/10	09/03/12		1		*			7.00	%	$	0	$	29	$	20	$	22
	Moses J Frank		#	#	Term loan	08/19/08	08/15/12		1		*			8.00	%	$	0			$	19	$	19
	Eemahn Cab Co & Ashkahn Inc				Term loan	09/20/10	09/20/15		1		*			6.75	%	$	0	$	20	$	19	$	19
	Chicago Elite Cab Corp				Term loan	02/01/08	07/09/11		1		*			8.25	%	$	0			$	16	$	16
	Midnight Moonlight				Term loan	12/28/10	10/14/14		1		*			8.50	%	$	0	$	14	$	14	$	14
	Mongolia Taxi Llc/Mbank				Term loan	12/23/10	12/23/13		1		*			9.00	%	$	0	$	14	$	14	$	14
	Eri Trans Inc/Mbank				Term loan	12/01/10	12/01/15		1		*			10.30	%	$	0	$	13	$	13	$	13
	Okies Cab Corp/Mbank				Term loan	11/23/10	11/23/15		1		*			10.10	%	$	0	$	13	$	13	$	13
	Good Cab Corp/Mbank				Term loan	12/10/10	12/10/13		1		*			10.00	%	$	0	$	7	$	7	$	7
	Chris Ibeh Inc-Loan #1		#	#	Term loan	08/08/06	07/11/11		1		*			9.95	%	$	0			$	7	$	7
	Chicago Elite Cab Corp				Term loan	11/27/07	05/08/11		1		*			8.25	%	$	0			$	7	$	7
	Saimon Trans Inc/Mbank				Term loan	12/01/10	12/01/15		1		*			10.30	%	$	0	$	7	$	7	$	7
	Mai-Nefhi Trans Inc/Mbank				Term loan	12/16/10	12/16/15		1		*			8.75	%	$	0	$	6	$	6	$	6
	Imran & Anwer Corp				Term loan	08/06/99	07/01/11		1		*			8.00	%	$	0			$	5	$	5
	F&L Cab Co		#	#	Term loan	11/13/03	11/03/11		1		*			7.35	%	$	0			$	4	$	4
	Teemu Corporation		#	#	Term loan	05/22/06	03/16/11		1		*			9.00	%	$	0			$	4	$	4
	Golden Roadrunner Taxi Inc.		#	#	Term loan	04/10/07	03/27/11		1		*			8.25	%	$	0			$	1	$	1
	Chris Ibeh Inc-Loan #2				Term loan	08/08/06	07/11/11		1		*			10.50	%	$	0			$	1	$	1

Newark									127		12	%		7.81	%	$	0	$	5,730	$	19,777	$	19,844
	Jet Express Llc				Term loan	12/04/08	12/04/12		1		*			7.25	%	$	0			$	292	$	292
	Jessica Top Corp &		#	#	Term loan	02/05/09	02/05/13		1		*			8.50	%	$	0			$	264	$	265
	R And B Taxi Company				Term loan	01/15/10	01/14/14		1		*			7.00	%	$	0	$	266	$	262	$	263
	Lesly Jeanjoseph				Term loan	01/09/09	01/08/13		1		*			7.50	%	$	0			$	261	$	261
	Andelan Inc				Term loan	12/16/10	12/16/14		1		*			7.25	%	$	0	$	256	$	256	$	258
	Gesner Ulysse				Term loan	01/14/10	01/14/14		1		*			7.00	%	$	0	$	262	$	258	$	258
	Mido Taxi Inc		#	#	Term loan	12/04/08	12/04/12		1		*			7.50	%	$	0			$	256	$	256
	Wilner Novaly &				Term loan	08/12/10	07/22/14		1		*			7.50	%	$	0	$	250	$	250	$	252
	Josh & Becka Taxi Inc				Term loan	01/15/10	01/15/13		1		*			7.25	%	$	0	$	255	$	251	$	252
	P.C. Taxi Corp		#	#	Term loan	10/07/10	10/07/14		1		*			7.50	%	$	0	$	250	$	249	$	251
	Lucrem Taxi Inc		#	#	Term loan	02/04/10	02/04/14		1		*			7.50	%	$	0	$	253	$	248	$	250
	Romise Fils-Aime				Term loan	06/10/10	06/10/14		1		*			7.50	%	$	0	$	250	$	247	$	249
	Manny Fresh Top Corp &				Term loan	05/29/09	05/29/13		1		*			8.00	%	$	0			$	245	$	245
	Semsema Trans Corporation				Term loan	06/11/09	06/09/12		1		*			7.25	%	$	0			$	241	$	242
	One At A Time Time Transport I				Term loan	06/10/10	06/10/13		1		*			6.00	%	$	0	$	240	$	235	$	237
	Lagrande Taxi Corp				Term loan	12/11/09	12/03/13		1		*			7.50	%	$	0			$	235	$	236
	Hg & Zg Corporation				Term loan	09/17/09	09/17/12		1		*			7.25	%	$	0			$	235	$	235
	Jacob Joseph		#	#	Term loan	04/02/09	04/02/13		1		*			8.50	%	$	0			$	232	$	233
	Cmgv #2 Taxi Inc				Term loan	09/16/10	09/16/14		1		*			7.50	%	$	0	$	230	$	229	$	231
	Dern #2 Taxi Inc				Term loan	09/16/10	09/16/14		1		*			7.50	%	$	0	$	230	$	229	$	231
	Jehova Nissi Taxi Inc		#	#	Term loan	02/07/08	02/08/12		1		*			8.25	%	$	0			$	230	$	231
	Wilgens Dorielan				Term loan	03/05/09	03/04/13		1		*			7.50	%	$	0			$	231	$	230

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010

(Dollars in thousands)

Obligor Name

Security Type (all restricted unless
otherwise noted)

Acquisition Date

Maturity Date

# of
Invest.

% of
Net
Assets

Interest
Rate⁽¹⁾

Capitalized
Interest

Original Cost of
2010
Acquisitions⁽⁵⁾

Cost ⁽⁴⁾

Fair
Value

Dina Cela &

Term loan

09/03/09

09/03/13

7.50

228

227

Marcillino Corp

Term loan

09/04/08

09/04/13

7.50

224

Joseph And Jamar Inc

Term loan

10/07/10

10/07/14

7.50

223

222

224

Erick Fleuridor

Term loan

08/07/08

08/07/12

8.75

222

223

Joileme Henry

Term loan

01/08/09

01/07/13

8.75

222

Grec Taxi Corp

Term loan

01/17/08

01/17/12

8.50

221

Menes Lormejuste

Term loan

09/03/09

09/03/13

8.00

219

220

Fils Julien

Term loan

09/03/09

09/03/13

7.50

219

Gerard Revolus

Term loan

05/15/08

04/30/12

7.75

219

Salatin Taxi Corp &

Term loan

05/06/10

05/06/14

7.25

216

214

215

Luckner Etienne

Term loan

02/05/09

02/13/13

7.25

214

S.J.L.T Joujean Inc

Term loan

04/03/08

04/03/12

8.00

213

Alix Exavier

Term loan

04/02/09

04/02/13

7.50

213

212

Abraham Taxi #1 Corp

Term loan

12/14/09

12/03/19

7.00

210

Timax 426 Inc

Term loan

02/05/09

02/05/13

7.50

209

Carvin Taxi Inc

Term loan

09/20/07

09/20/11

8.50

209

Marie Augustin

Term loan

02/04/10

02/04/14

7.50

212

208

209

Levangile Milcent

Term loan

12/04/08

12/11/12

7.50

205

Stany Inc

Term loan

12/06/07

12/06/11

8.50

204

Daniel Charles 2nd

Term loan

12/30/09

12/30/13

8.00

202

201

Chell 11 Corp

Term loan

08/12/10

08/05/14

7.00

200

198

201

Micheline Luxeus

Term loan

01/08/09

01/08/13

7.50

199

200

Jodieu Taxi Inc &

Term loan

09/17/09

09/17/13

8.50

198

199

Genesis Taxi Inc &

Term loan

05/14/09

05/14/13

7.50

194

195

Sergo Xavier Previlon

Term loan

10/15/09

10/15/13

7.50

193

Jet Express Llc

Term loan

12/04/08

12/04/12

7.25

192

193

Jonas Jerome

Term loan

02/04/10

02/04/14

7.75

195

192

193

Fremont Desire

Term loan

05/15/08

05/15/12

8.00

192

Robert Pierre-Louis

Term loan

04/09/10

04/09/14

8.00

194

190

192

Robert Pierre-Louis

Term loan

04/09/10

04/09/14

8.00

194

190

192

Elkatt Taxi Inc

Term loan

08/09/07

08/09/11

8.25

190

Attia Maverick Corp

Term loan

06/14/07

06/14/11

8.50

188

Just 8 Taxi #2 Inc

Term loan

09/20/07

09/20/11

8.50

186

Cassandra & Joseph Sejour Inc

Term loan

04/09/10

04/09/14

7.75

183

180

182

Erick Fleuridor

Term loan

12/15/09

12/02/13

7.75

181

182

Eddie Wilson

Term loan

07/22/10

07/15/13

6.88

180

178

180

Saintilia Charles

Term loan

09/13/10

09/13/14

7.50

180

Jeannot Louis

Term loan

06/11/09

06/11/13

7.00

179

180

Sonson Taxi Inc

Term loan

04/09/10

04/09/14

7.75

176

173

175

Bidon Taxi Inc

Term loan

08/09/07

08/09/11

8.25

175

Marie Jeanne Philemon

Term loan

07/12/07

07/12/11

8.75

173

Samuel Lahens

Term loan

08/09/07

08/09/11

8.75

173

Charata Taxi Inc

Term loan

04/09/10

04/09/14

7.75

172

169

171

Jean Milo Saintus

Term loan

04/12/07

04/12/11

8.75

170

Antoines Dortin

Term loan

08/12/10

08/12/14

7.50

168

167

169

Mebele Pierre

Term loan

10/07/10

10/07/14

7.25

165

163

166

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets		Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Adieula Figaro		#	#	Term loan	10/05/06	10/05/11		1		*		9.00	%	$	0			$	165	$	165
	Ekny Fils-Aime		#	#	Term loan	10/05/06	10/05/11		1		*		9.00	%	$	0			$	165	$	165
	Joseph Duverneau		#	#	Term loan	04/12/07	04/12/11		1		*		8.75	%	$	0			$	164	$	164
	0127 Incorporated		#	#	Term loan	08/07/08	08/07/12		1		*		8.00	%	$	0			$	163	$	163
	Simone Francois		#	#	Term loan	01/11/07	01/11/11		1		*		8.75	%	$	0			$	162	$	162
	Charles Agesilas		#	#	Term loan	07/10/09	07/10/14		1		*		7.50	%	$	0			$	160	$	161
	Three Sons 2 Taxi Inc				Term loan	10/15/09	10/15/15		1		*		8.00	%	$	0			$	150	$	150
	Forward Taxi Corp				Term loan	04/12/07	04/12/12		1		*		8.75	%	$	0			$	149	$	149
	Thomas Lahens				Term loan	08/09/07	08/09/11		1		*		8.75	%	$	0			$	148	$	148
	Lucita Dorely				Term loan	10/16/09	10/15/13		1		*		8.50	%	$	0			$	147	$	147
	Renelus Dieujuste		#	#	Term loan	12/03/09	12/03/13		1		*		7.50	%	$	0			$	147	$	147
	Ahmad Taxi Inc		#	#	Term loan	05/10/07	05/10/11		1		*		8.00	%	$	0			$	147	$	147
	Louibert Julien				Term loan	06/19/09	06/19/14		1		*		7.00	%	$	0			$	146	$	146
	Bettie Jean				Term loan	10/11/07	10/11/12		1		*		8.75	%	$	0			$	145	$	145
	Jovin Taxi Inc		#	#	Term loan	03/09/09	03/09/13		1		*		7.50	%	$	0			$	143	$	144
	E Z 4 U Inc				Term loan	01/17/08	01/17/12		1		*		9.00	%	$	0			$	142	$	143
	Yves Frantz Philemon		#	#	Term loan	12/07/06	12/07/10		1		*		8.75	%	$	0			$	140	$	140
	Domino Corp				Term loan	06/16/09	06/17/13		1		*		7.50	%	$	0			$	139	$	140
	Matias Paul		#	#	Term loan	04/12/07	04/12/11		1		*		8.50	%	$	0			$	136	$	136
	Amilcar Prophete &				Term loan	04/02/09	04/02/13		1		*		7.50	%	$	0			$	133	$	133
	Olga Morales		#	#	Term loan	04/03/08	04/03/12		1		*		8.00	%	$	0			$	126	$	126
	Joseph Francilus				Term loan	10/07/10	10/07/20		1		*		7.50	%	$	0	$	124	$	123	$	125
	Don Taxi Corp		#	#	Term loan	09/02/10	09/02/14		1		*		7.50	%	$	0	$	114	$	113	$	115
	Saintvill #2 Taxi Corp				Term loan	12/14/09	12/03/13		1		*		7.50	%	$	0			$	114	$	114
	Ruthe Edouard &		#	#	Term loan	02/07/08	02/07/12		1		*		8.00	%	$	0			$	105	$	105
	Pegy Taxi Corp		#	#	Term loan	04/12/07	04/12/11		1		*		8.00	%	$	0			$	105	$	105
	Mfc Taxi Corp				Term loan	12/14/09	12/03/19		1		*		7.50	%	$	0			$	104	$	105
	Pierre Sterling				Term loan	01/11/07	01/11/12		1		*		8.75	%	$	0			$	103	$	103
	Gerald Jean-Louis		#	#	Term loan	04/02/09	04/02/13		1		*		8.50	%	$	0			$	100	$	101
	Clameus Estimable				Term loan	05/06/10	05/06/14		1		*		7.50	%	$	0	$	95	$	94	$	96
	Gethsemane Inc				Term loan	02/27/09	02/27/14		1		*		7.68	%	$	0			$	94	$	94
	Praise The Lord Taxi Inc		#	#	Term loan	04/12/07	04/12/11		1		*		8.00	%	$	0			$	92	$	92
	Lantil Taxi Inc				Term loan	08/09/07	08/09/11		1		*		8.25	%	$	0			$	90	$	90
	Webert Joseph		#	#	Term loan	02/08/07	02/08/11		1		*		8.00	%	$	0			$	89	$	89
	100 Taxi #2 Corp				Term loan	07/25/08	07/25/15		1		*		8.00	%	$	0			$	83	$	83
	Abanob Trans Inc				Term loan	06/14/07	06/14/14		1		*		8.00	%	$	0			$	74	$	74
	Noelcius Osit				Term loan	09/20/07	09/20/11		1		*		8.75	%	$	0			$	68	$	68
	Marie T #2 Taxi Corp				Term loan	12/07/06	12/07/13		1		*		8.00	%	$	0			$	67	$	67
	Tchacito #2 Taxi Corp				Term loan	12/07/06	12/07/13		1		*		8.00	%	$	0			$	50	$	50
	Marie C Taxi Inc				Term loan	04/12/07	04/12/14		1		*		8.00	%	$	0			$	49	$	49
	Zoune Taxi #2 Inc				Term loan	10/23/08	10/23/15		1		*		7.75	%	$	0			$	48	$	48
	Graciela Carbajal				Term loan	05/10/07	05/10/14		1		*		8.00	%	$	0			$	45	$	45
	Two Mens Taxi Inc				Term loan	09/20/00	09/29/13		1		*		8.25	%	$	0			$	44	$	44
	Michel Ulysse				Term loan	04/06/00	11/01/12		1		*		8.50	%	$	0			$	43	$	43
	Saeiid Llc				Term loan	02/07/08	02/07/15		1		*		8.00	%	$	0			$	33	$	34
	Michaelange Corp				Term loan	11/22/04	11/23/14		1		*		8.25	%	$	0			$	32	$	32

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	El-Aman Express Llc				Term loan	01/17/08	01/28/12		1		*			7.25	%	$	0			$	21	$	21
	El-Aman Express Llc				Term loan	02/07/08	02/11/12		1		*			7.25	%	$	0			$	21	$	21
	Akwaaba Taxi Inc				Term loan	09/04/08	09/04/12		1		*			7.50	%	$	0			$	19	$	20
	Serge Garcon				Term loan	01/17/08	01/17/12		1		*			8.50	%	$	0			$	19	$	19
	El-Aman Express Llc				Term loan	01/17/08	01/28/12		1		*			7.25	%	$	0			$	18	$	18
	Party Laa Inc				Term loan	02/08/07	02/08/12		1		*			8.00	%	$	0			$	18	$	18
	211 Incorporated				Term loan	02/05/09	02/03/13		1		*			8.00	%	$	0			$	17	$	18
	2 Coptic Brothers Corporation				Term loan	09/20/07	09/20/11		1		*			8.25	%	$	0			$	17	$	17
	Herve Dameus & James Dameus				Term loan	01/11/07	01/11/11		1		*			8.75	%	$	0			$	15	$	15
	Jean Belony				Term loan	06/14/07	06/14/11		1		*			8.00	%	$	0			$	14	$	14
	Zile Taxi Corp				Term loan	02/08/02	02/13/11		1		*			8.25	%	$	0			$	9	$	9
	Fraline Taxi Inc				Term loan	08/05/04	08/05/11		1		*			8.00	%	$	0			$	7	$	7
	Mr Clean Sdam Taxi Llc				Term loan	04/03/08	04/03/11		1		*			7.50	%	$	0			$	5	$	6
Boston									71		11	%		6.74	%	$	0	$	4,849	$	18,237	$	18,273
	Arinze Trans Inc				Term loan	02/05/10	02/05/13		1		*			7.25	%	$	0	$	655	$	649	$	649
	Arinze Trans Inc		#	#	Term loan	07/24/08	07/24/13		1		*			7.00	%	$	0			$	580	$	581
	Chiso Trans Inc				Term loan	11/30/09	11/30/13		1		*			7.25	%	$	0			$	584	$	585
	Chiso Trans Inc				Term loan	07/24/08	07/24/13		1		*			7.00	%	$	0			$	581	$	581
	Piff & Hector Cab Inc &				Term loan	01/04/08	01/04/13		1		*			7.13	%	$	0			$	731	$	732
	Odat Taxi, Inc.				Term loan	06/27/08	06/27/13		1		*			7.65	%	$	0			$	648	$	649
	Dp Taxi Inc		#	#	Term loan	12/17/10	12/17/13		1		*			6.00	%	$	0	$	630	$	630	$	632
	Chidi Trans Inc		#	#	Term loan	07/24/08	07/24/13		1		*			7.00	%	$	0			$	580	$	580
	Johnson Holdings Inc		#	#	Term loan	07/24/08	07/24/13		1		*			7.00	%	$	0			$	580	$	580
	Chidi Trans Inc		#	#	Term loan	07/24/08	07/24/13		1		*			7.00	%	$	0			$	580	$	580
	Mansour Cab Co Inc		#	#	Term loan	10/24/07	12/30/10		1		*			4.75	%	$	0			$	550	$	550
	Memory Cab Company Inc		#	#	Term loan	10/24/07	12/30/10		1		*			4.75	%	$	0			$	550	$	550
	Gabriel Trans Holdings Inc				Term loan	11/30/09	11/30/13		1		*			7.25	%	$	0			$	487	$	488
	Jv Taxi Inc				Term loan	11/23/10	11/23/13		1		*			6.50	%	$	0	$	350	$	349	$	352
	Andrelina & Suzie Cab Inc				Term loan	08/17/10	08/17/13		1		*			7.13	%	$	0	$	360	$	328	$	330
	P&P Dumerant Corp				Term loan	08/17/10	08/17/13		1		*			6.75	%	$	0	$	330	$	328	$	330
	Saint Inc				Term loan	03/05/10	03/05/13		1		*			7.50	%	$	0	$	334	$	328	$	330
	Myra Inc				Term loan	03/05/10	03/05/13		1		*			7.50	%	$	0	$	334	$	328	$	330
	Jesus Denis Cab Inc		#	#	Term loan	09/24/10	09/24/13		1		*			6.25	%	$	0	$	322	$	320	$	322
	Jmf Cab Inc		#	#	Term loan	12/22/08	12/22/12		1		*			7.88	%	$	0			$	321	$	322
	Eldali Transportation Inc		#	#	Term loan	10/03/08	10/03/12		1		*			7.38	%	$	0			$	314	$	315
	Shemarjamalie Cab Inc				Term loan	11/25/09	11/25/12		1		*			7.50	%	$	0			$	313	$	314
	Sasun Cab Inc				Term loan	02/26/10	08/26/13		1		*			7.25	%	$	0	$	314	$	308	$	310
	H And H Taxi Inc		#	#	Term loan	06/20/08	12/20/11		1		*			6.50	%	$	0			$	309	$	309
	Urzal Taxi Inc		#	#	Term loan	11/05/10	11/05/13		1		*			6.00	%	$	0	$	300	$	300	$	302
	Amitaf Cab Inc		#	#	Term loan	09/24/10	09/24/13		1		*			6.25	%	$	0	$	300	$	298	$	301
	Benben Cab Inc				Term loan	09/03/09	09/03/12		1		*			8.20	%	$	0			$	294	$	295
	God Is Good Inc		#	#	Term loan	11/25/09	11/25/12		1		*			7.00	%	$	0			$	293	$	293
	Bel-Vu Cab Inc		#	#	Term loan	11/05/10	11/05/13		1		*			6.00	%	$	0	$	290	$	290	$	292
	Louine Cab Inc				Term loan	02/06/09	02/06/13		1		*			7.50	%	$	0			$	290	$	291
	Ngozi Trans Inc.		#	#	Term loan	06/20/08	06/20/13		1		*			7.00	%	$	0			$	288	$	289

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	L’ange Gabrielle Inc		#	#	Term loan	06/24/08	12/24/11		1		*			7.00	%	$	0			$	283	$	283
	Cdes Cab Inc		#	#	Term loan	04/08/09	04/08/13		1		*			7.63	%	$	0			$	283	$	283
	Phatricksey Cab Inc		#	#	Term loan	05/19/08	07/19/11		1		*			6.00	%	$	0			$	277	$	277
	Chardon Taxi Inc		#	#	Term loan	09/05/08	09/05/11		1		*			7.25	%	$	0			$	266	$	266
	Djbell Love Inc		#	#	Term loan	08/25/06	08/25/11		1		*			9.00	%	$	0			$	266	$	266
	Jre Taxi Inc		#	#	Term loan	05/01/08	05/01/13		1		*			6.00	%	$	0			$	251	$	252
	Matrem, Inc.		#	#	Term loan	04/11/08	04/11/13		1		*			3.50	%	$	0			$	234	$	235
	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			$	214	$	214
	Ngozi Trans Inc.		#	#	Term loan	06/20/08	06/20/13		1		*			7.00	%	$	0			$	213	$	213
	Ngozi Trans Inc.		#	#	Term loan	06/20/08	06/20/13		1		*			7.00	%	$	0			$	212	$	213
	Lunica Inc		#	#	Term loan	12/07/07	12/07/10		1		*			7.75	%	$	0			$	208	$	208
	Monteiro Cab Inc		#	#	Term loan	11/13/09	11/13/12		1		*			7.25	%	$	0			$	190	$	190
	Stanley & Rachelle Cab Inc		#	#	Term loan	06/16/06	06/16/11		1		*			8.63	%	$	0			$	177	$	177
	Mwinkteana Cab Inc		#	#	Term loan	05/12/06	05/12/11		1		*			3.50	%	$	0			$	144	$	144
	Dabola Cab Inc		#	#	Term loan	11/17/06	11/17/11		1		*			3.50	%	$	0			$	139	$	139
	Chiso Trans Inc Et Al				Term loan	12/23/10	12/23/13		1		*			7.25	%	$	0	$	120	$	120	$	120
	Family Trans Inc				Term loan	03/20/09	03/20/13		1		*			7.25	%	$	0			$	88	$	88
	Johnson Holdings Inc				Term loan	10/01/10	10/01/15		1		*			6.63	%	$	0	$	75	$	73	$	73
	Piff & Hector Cab Inc &				Term loan	10/29/08	10/29/12		1		*			8.25	%	$	0			$	68	$	68
	Kena Cab Inc		#	#	Term loan	11/02/07	11/02/12		1		*			3.25	%	$	0			$	57	$	58
	Chenal Cab Inc				Term loan	11/19/08	11/19/12		1		*			7.38	%	$	0			$	57	$	57
	Boband Cab Inc				Term loan	05/14/10	05/14/13		1		*			6.25	%	$	0	$	48	$	47	$	46
	Sarhad Coach Inc				Term loan	05/23/08	05/23/13		1		*			7.00	%	$	0			$	44	$	45
	Brattle Transpor Service/Mbank				Term loan	12/17/09	12/17/12		1		*			8.00	%	$	0			$	41	$	39
	Marthine Cab Inc				Term loan	09/17/10	09/17/14		1		*			6.25	%	$	0	$	35	$	33	$	35
	Sunshine Cab Inc		#	#	Term loan	06/12/07	06/12/12		1		*			8.50	%	$	0			$	34	$	34
	Jsw Lucky Cab Inc/Mbank				Term loan	11/19/08	05/19/12		1		*			8.00	%	$	0			$	32	$	32
	Dadou Cab Inc/Mbank &				Term loan	10/20/08	10/20/12		1		*			8.00	%	$	0			$	28	$	28
	Theo Cab Inc/Mbank				Term loan	10/08/08	10/08/12		1		*			7.95	%	$	0			$	28	$	28
	Douceur Cab Inc/Mbank				Term loan	11/19/08	11/19/12		1		*			8.00	%	$	0			$	26	$	26
	P&P Dumerant Corp				Term loan	09/17/10	09/17/15		1		*			7.00	%	$	0	$	25	$	24	$	24
	O.M. Taxi Inc/Mbank				Term loan	05/14/10	05/14/13		1		*			8.00	%	$	0	$	18	$	18	$	16
	Jaynana Cab Inc				Term loan	04/08/09	04/08/13		1		*			7.63	%	$	0			$	14	$	14
	Shemarjamalie Cab Inc				Term loan	02/17/10	02/17/15		1		*			8.00	%	$	0	$	10	$	9	$	9
	Jre Taxi Inc				Term loan	02/13/09	02/13/14		1		*			8.00	%	$	0			$	8	$	8
	Aldine Cab Inc/Mbank				Term loan	03/27/09	03/27/13		1		*			7.75	%	$	0			$	8	$	8
	Pike Cab Inc				Term loan	05/23/08	05/23/12		1		*			6.50	%	$	0			$	2	$	2
Cambridge									20		3	%		6.72	%	$	0	$	3,485	$	5,501	$	5,522
	Gcf Taxi Inc		#	#	Term loan	10/08/10	10/08/13		1		*			6.60	%	$	0	$	723	$	721	$	723
	Gcf Taxi Inc, Et Al/B Note				Term loan	11/18/10	11/18/20		1		*			6.25	%	$	0	$	579	$	577	$	580
	Rayna Trans Inc				Term loan	08/13/10	08/13/13		1		*			6.60	%	$	0	$	367	$	365	$	367
	Desdunes Cab Inc				Term loan	08/13/10	08/13/13		1		*			6.38	%	$	0	$	349	$	346	$	348

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)		Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾				Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
	Patrick Cab Inc &		Term loan	12/15/09	12/15/12		1		*			6.95	%		$	0			$	347	$	348
	Drumman Trans Inc		Term loan	03/28/08	03/28/13		1		*			7.13	%		$	0			$	347	$	347
	Andrew Cab Inc &		Term loan	12/15/09	12/15/12		1		*			6.95	%		$	0			$	346	$	346
	Delivrance Cab Inc	##	Term loan	10/21/09	10/21/12		1		*			7.50	%		$	0			$	328	$	328
	Sam Taxi Inc		Term loan	03/19/10	03/10/13		1		*			6.50	%		$	0	$	330	$	325	$	326
	Legend Trans Inc		Term loan	01/29/10	07/29/13		1		*			7.40	%		$	0	$	332	$	325	$	326
	Jablem Cab Inc	##	Term loan	05/17/10	05/17/13		1		*			6.25	%		$	0	$	290	$	286	$	288
	Raad Taxi Inc		Term loan	06/04/08	06/04/12		1		*			7.25	%		$	0			$	283	$	283
	Marcia And Everton Cab Inc	##	Term loan	10/30/09	10/30/12		1		*			6.75	%		$	0			$	249	$	249
	Randah Cab Inc	##	Term loan	11/15/10	11/15/13		1		*			5.75	%		$	0	$	236	$	235	$	237
	Gl Cab Inc	##	Term loan	04/29/10	04/29/13		1		*			5.50	%		$	0	$	210	$	207	$	209
	Taxi Technology Inc	##	Term loan	01/30/09	01/30/13		1		*			7.75	%		$	0			$	120	$	121
	Viel Cab Inc/Mbank		Term loan	02/19/10	02/19/13		1		*			9.22	%		$	0	$	49	$	49	$	49
	B & V Cab Inc		Term loan	05/07/10	05/07/13		1		*			8.00	%		$	0	$	22	$	21	$	21
	Gasperina Trans Inc/Mbank		Term loan	09/19/08	03/19/12		1		*			7.36	%		$	0			$	18	$	18
	Hope-Lynn Cabworks Inc		Term loan	11/08/07	03/12/12		1		*			7.25	%		$	0			$	7	$	7

Other							22		3	%		7.05	%		$	0	$	1,593	$	5,047	$	5,069
	Mordecai Matityahu & Dorit Mat	##	Term loan	07/02/08	07/02/11		1		1	%		6.50	%		$	0			$	2,256	$	2,256
	Cristal Cab Co	##	Term loan	07/02/09	07/02/13		1		*			7.00	%		$	0			$	454	$	454
	Brasil Taxi Llc	##	Term loan	10/20/10	10/19/13		1		*			6.50	%		$	0	$	447	$	446	$	448
	Oscar M.V. Inc &		Term loan	09/24/08	09/24/12		1		*			7.00	%		$	0			$	325	$	326
	Tjp Inc	##	Term loan	07/07/10	07/07/13		1		*			7.00	%		$	0	$	202	$	201	$	203
	Hantin Trans/Aventura Taxi		Term loan	06/16/10	06/16/17		1		*			8.25	%		$	0	$	200	$	192	$	195
	Metu Inc		Term loan	11/08/10	11/08/14		1		*			7.00	%		$	0	$	192	$	192	$	194
	Toru Inc		Term loan	11/08/10	11/08/14		1		*			7.00	%		$	0	$	192	$	192	$	194
	Zelalem S. Alemu		Term loan	04/28/08	04/28/13		1		*			11.00	%		$	0			$	138	$	138
	Getrot Michel		Term loan	03/07/08	03/07/13		1		*			11.00	%		$	0			$	114	$	115
	Wiljean Marcelin		Term loan	11/17/10	12/01/15		1		*			8.25	%	��	$	0	$	128	$	112	$	114
	Ogechi Inc	##	Term loan	02/15/08	02/15/12		1		*			7.25	%		$	0			$	114	$	114
	Abir Cab Co		Term loan	06/08/10	06/08/14		1		*			6.75	%		$	0	$	84	$	81	$	83
	Elzira & Luc Cab Inc.		Term loan	08/17/10	08/17/13		1		*			8.25	%		$	0	$	59	$	58	$	60
	Spsa-1 Inc; Saps-2 Inc; Psas		Term loan	10/15/04	10/13/12		1		*			7.50	%		$	0			$	55	$	55
	Elysse Corporation &		Term loan	09/10/10	03/10/18		1		*			8.25	%		$	0	$	38	$	38	$	41
	Oddy Transportation Services I		Term loan	11/26/07	11/27/14		1		*			8.00	%		$	0			$	26	$	26
	Morocco Taxi LLC		Term loan	12/21/10	12/20/13		1		*			6.38	%		$	0	$	24	$	24	$	24
	Wiljean Marcelin/Fs		Term loan	11/17/10	12/01/15		1		*			7.00	%		$	0	$	16	$	16	$	16
	Odney Cab Inc		Term loan	12/22/10	12/22/15		1		*			11.50	%		$	0	$	8	$	8	$	8
	Wilfrid Joseph/Norcal/Mbank		Term loan	10/13/09	11/01/12		1		*			10.00	%		$	0			$	4	$	3
	Durosier Xavier/Mbank		Term loan	08/16/10	07/01/15		1		*			7.25	%		$	0	$	3	$	3	$	3

Total medallion loans ($246,813 pledged as collateral under borrowing arrangements)							994		199	%		5.90	%		$	0	$	214,639	$	322,830	$	323,126

Commercial Loans
Secured mezzanine (21% Minnesota, 14% Florida, 10% Oklahoma, 8% Indiana, 7% Wisconsin, 7% California, 6% Texas and 27% all other states)⁽²⁾

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


(Dollars in thousands)		Obligor Name	Security Type (all restricted unless otherwise noted)	Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest			Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾		Fair Value
Accommodation and Food Services (4% of the total)		Multiconcepts & (interest rate includes PIK interest of 5%)	Term loan	12/22/94	10/01/15		1		1	%		10.00	%	$	516				$	1,607	$	1,107
		Javier & David	Term loan	11/05/10	11/05/15		1		*			9.25	%	$	0		$	700	$	696	$	696
		Star &(interest rate includes PIK interest of 5%)	Term loan	09/23/97	10/01/15		1		*			10.00	%	($	3	)			$	1,589	$	583
Administrative and Support Services (6% of the total)		Staff One	Term loan	06/30/08	06/30/13		1		2	%		13.50	%	$	0				$	3,308	$	3,297
		Ecological Systems (ESI) &(interest rate includes PIK interest of 9%)	Term loan	01/14/05	Matured		1		*			19.00	%	$	660				$	5,352	$	0
		Ecological Systems (ESI) &	Term loan	09/12/05	Matured		1		*			10.00	%	$	0				$	212	$	0
Arts, Entertainment, and Recreation (5% of the total)		RPAC Racing(interest rate includes PIK interest of 10%)	Term loan	11/19/10	11/19/15		1		2	%		10.00	%	$	32		$	3,039	$	3,071	$	3,071
Health Care and Social Assistance (2% of the total)	+	Will Vision &	Term loan	12/31/98	06/30/17		1		1	%		7.00	%	$	112				$	1,586	$	1,186
Information (3% of the total)	+	United Record &(interest rate includes PIK interest of 6%)	Term loan	07/06/07	07/06/12		1		1	%		18.00	%	$	94				$	1,433	$	1,433
	+	United Record &	Term loan	07/06/07	07/06/12		1		*			12.00	%	$	0				$	59	$	59
	+	United Record &	Term loan	07/06/07	07/06/12		1		*			12.00	%	$	0				$	35	$	35
Manufacturing (65% of the total)	+	Stremel(interest rate includes PIK interest of 19%)	Term loan	12/06/05	04/18/12		1		4	%		19.00	%	$	1,358				$	6,358	$	6,359
		Process Fab(interest rate includes PIK interest of 3%)	Term loan	04/17/08	04/05/15		1		3	%		14.00	%	$	270				$	4,770	$	4,735
	+	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
		Aeration	Term loan	12/31/10	06/30/16		1		2	%		18.00	%	$	0		$	3,200	$	3,200	$	3,210
		Motion Tech(interest rate includes PIK interest of 6%)	Term loan	12/23/10	12/23/15		1		2	%		18.00	%	$	4		$	3,000	$	3,004	$	3,011
	+	PACA Foods	Term loan	12/31/10	12/31/15		1		1	%		14.00	%	$	0		$	1,500	$	1,500	$	1,498
	+	PACA Foods	Term loan	12/31/10	12/31/15		1		1	%		12.00	%	$	0		$	1,500	$	1,500	$	1,498
	+	Packaging Specialists (interest rate includes PIK interest of 2%)	Term loan	04/01/08	04/01/13		1		1	%		14.00	%	$	62				$	2,062	$	2,062
		Dynamic Systems(interest rate includes PIK interest of 3.5%)	Term loan	12/23/10	12/23/17		1		1	%		15.50	%	$	2		$	2,000	$	2,002	$	2,002
	+	IGC Technology &	Term loan	10/31/06	04/30/12		1		1	%		12.00	%	$	0				$	2,000	$	2,000
	+	Vermont Composite(interest rate includes PIK interest of 2%)	Term loan	09/20/04	12/31/11		1		1	%		14.00	%	$	142				$	1,643	$	1,643
		Orchard &	Term loan	03/10/99	Matured		1		1	%		13.00	%	$	0				$	1,420	$	1,420
	+	American Finishing	Term loan	07/31/06	07/31/11		1		1	%		12.50	%	$	0				$	1,250	$	1,250
		Craft Cast(interest rate includes PIK interest of 5%)	Term loan	08/23/07	08/23/12		1		1	%		17.00	%	$	30				$	1,189	$	1,189
	+	Waltek(interest rate includes PIK interest of 12%)	Term loan	03/31/06	02/28/11		1		1	%		12.00	%	$	60				$	1,060	$	1,060
	+	Door Engineering	Term loan	12/15/04	12/15/12		1		*			13.00	%	$	0				$	640	$	628
	+	Quaker Bakery	Term loan	10/02/06	03/02/12		1		*			12.00	%	$	0				$	300	$	300
Professional, Scientific, and Technical Services (1% of the total)	+	Com-Pak Company &(interest rate includes PIK interest of 7%)	Term loan	10/14/04	03/29/15		1		*			10.00	%	$	93				$	2,406	$	756
Retail Trade (1% of the total)		Retail &(interest rate includes PIK interest of 5%)	Term loan	09/23/97	10/01/15		1		*			10.00	%	$	232				$	846	$	470
Wholesale Trade (13% of the total)		Twin-Star(interest rate includes PIK interest of 1%)	Term loan	06/01/07	04/24/14		1		2	%		13.00	%	$	46				$	4,046	$	4,046
	+	I-Deal Optics Holdings	Term loan	12/19/08	12/19/13		1		1	%		14.00	%	$	0				$	2,000	$	1,997
	+	Las Olas &	Term loan	03/31/08	03/31/13		1		1	%		16.00	%	$	0				$	2,568	$	1,189

Total secured mezzanine⁽²⁾							33		35	%		14.41	%	$	3,796		$	14,939	$	68,299	$	57,376

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


(Dollars in thousands)	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾			Fair Value
Asset-based (85% New York, 9% New Jersey and 6% all other states)
Administrative and Support Services (5% of the total)	Hhcny, Inc.				Revolving line of credit	06/22/04	06/22/11		1		*			6.25	%	$	0			$	293		$	272
	Raritan Building Service Corp				Revolving line of credit	06/30/07	06/30/11		1		*			5.50	%	$	0			$	205		$	194
Construction (5% of the total)	Triple A. Supplies, Inc.		#	#	Revolving line of credit	07/20/99	07/20/11		1		*			5.75	%	$	0			$	617		$	608
	Basic / Dritac				Revolving line of credit	06/29/99	06/29/11		1		*			6.00	%	$	0			($	129	)	($	129	)
Finance and Insurance (6% of the total)	Merchant Advance, Llc				Revolving line of credit	10/25/05	10/25/11		1		*			6.25	%	$	0			$	250		$	203
	Us Military				Revolving line of credit	07/25/07	07/25/11		1		*			4.25	%	$	0			$	109		$	93
	Ras Group, Inc.				Revolving line of credit	02/14/08	02/01/11		1		*			5.50	%	$	0			$	81		$	80
	United First Federal Corp.				Revolving line of credit	08/04/03	08/04/11		1		*			7.75	%	$	0			$	80		$	79
	Special Financing Company, Llc				Revolving line of credit	02/06/02	02/06/11		1		*			8.25	%	$	0			$	78		$	77
Health Care and Social Assistance (7% of the total)	Heart To Heart Home Care		#	#	Revolving line of credit	10/02/07	10/02/11		1		*			6.50	%	$	0			$	568		$	548
	Tri-Borough Home Care, Ltd				Revolving line of credit	12/01/10	12/01/11		1		*			6.00	%	$	0	$	184	$	184		$	164
Manufacturing (5% of the total)	Grinnell Concrete Pavingstones		#	#	Revolving line of credit	06/01/05	06/01/11		1		*			6.75	%	$	0			$	119		$	117
	Fine Line Graphics, Inc.				Revolving line of credit	11/29/05	11/29/11		1		*			6.50	%	$	0			$	122		$	95
	Summit Steel & Manufacturing				Revolving line of credit	08/01/08	08/01/11		1		*			5.75	%	$	0			$	73		$	52
	Matthew Die Division Llc				Revolving line of credit	02/18/10	02/18/11		1		*			6.25	%	$	0	$	69	$	48		$	50
	Jlm Couture Inc.				Revolving line of credit	06/22/10	06/22/11		1		*			5.75	%	$	0			$	11		$	11
	Douglass Industries, Inc.		#	#	Revolving line of credit	07/07/04	07/07/11		1		*			6.25	%	$	0			$	4		$	2
	Absecon Mills, Inc.				Revolving line of credit	07/07/04	07/07/11		1		*			6.25	%	$	0			$	2		($	7	)
Real Estate and Rental and Leasing (0% of the total)	A-1 First Class				Revolving line of credit	09/07/10	09/07/11		1		*			6.25	%	$	0	$	14	$	0		$	2
Retail Trade (12% of the total)	Cnc Associated N.Y.				Revolving line of credit	07/24/01	07/24/11		1		*			5.75	%	$	0			$	652		$	642
	The Dependable Food Corp.				Revolving line of credit	10/19/98	10/19/11		1		*			4.75	%	$	0			$	202		$	199
	I & E Tire Corp.		#	#	Revolving line of credit	12/21/98	12/21/11		1		*			5.75	%	$	0			$	176		$	173
	Cyrus R. Fox, Inc.		#	#	Revolving line of credit	08/31/06	08/31/11		1		*			5.75	%	$	0			$	125		$	101
	Colt, Inc.				Revolving line of credit	10/12/04	10/12/11		1		*			5.71	%	$	0			$	56		$	51
	Kadouri International Foods, Inc.				Revolving line of credit	03/09/05	03/09/11		1		*			3.25	%	$	0			($	56	)	($	67	)
Transportation and Warehousing (17% of the total)	Fleet Radio Dispatch Corp.		#	#	Revolving line of credit	12/31/01	12/31/11		1		1	%		6.00	%	$	0			$	812		$	826
	Communicar Incorporated		#	#	Revolving line of credit	02/06/04	02/06/11		1		*			7.25	%	$	0			$	660		$	650
	Chauffeured Services Unlimited				Revolving line of credit	05/02/06	05/02/11		1		*			8.00	%	$	0			$	109		$	108
	Big Daddy Drayage, Inc.				Revolving line of credit	10/18/06	10/18/11		1		*			5.75	%	$	0			$	117		$	97
	Luxury Worldwide				Revolving line of credit	07/20/07	07/20/11		1		*			5.75	%	$	0			$	7		($	1	)
Wholesale Trade (47% of the total)	Capitalsea, Llc		#	#	Revolving line of credit	11/07/05	11/07/11		1		1	%		4.50	%	$	0			$	2,045		$	1,996
	Newburg Egg Corp.		#	#	Revolving line of credit	03/16/99	03/16/11		1		1	%		6.00	%	$	0			$	1,344		$	1,324
	Atlantic Veal & Lamb, Inc.		#	#	Revolving line of credit	08/15/01	08/15/11		1		*			5.50	%	$	0			$	664		$	655
	Pride Of Neptune, Inc.		#	#	Revolving line of credit	01/14/02	01/14/11		1		*			4.75	%	$	0			$	211		$	208
	Rel International				Revolving line of credit	04/11/07	04/11/11		1		*			5.25	%	$	0			$	162		$	150

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)				Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost ⁽⁴⁾			Fair Value
	Plymouth Rock Fuel Corp				Revolving line of credit	11/16/10	11/16/11		1		*			5.75	%	$	0	$	237	$	100		$	77
	Banner Smoked Fish, Inc.		#	#	Revolving line of credit	03/27/01	03/27/11		1		*			5.25	%	$	0			$	53		$	52
	Magic Moments				Revolving line of credit	01/23/08	01/23/11		1		*			6.75	%	$	0			$	45		$	43
	Medicom Llc				Revolving line of credit	07/28/10	07/28/11		1		*			5.75	%	$	0	$	80	$	38		$	33
	Two Cousins Fish Market, Inc.				Revolving line of credit	01/23/99	01/23/11		1		*			5.25	%	$	0			($	2	)	($	2	)
	Zzy Distributors Inc				Revolving line of credit	03/25/09	03/25/11		1		*			6.75	%	$	0			($	1	)	($	3	)

Total asset-based ($7,177 pledged as collateral under borrowing arrangements)									41		6	%		5.73	%	$	0	$	583	$	10,234		$	9,824

Other secured commercial (86% New York, 12% New Jersey and 2% Illinois)
Accommodation and Food Services (46% of the total)	Dune Deck Owners Corp		#	#	Term loan	04/24/07	03/31/11		1		2	%		4.25	%	$	0			$	3,097		$	3,090
	Antonio De Los Santos &				Term loan	12/08/08	12/08/15		1		*			10.00	%	$	0			$	487		$	383
	El Tropico Family Rest Ii Llc				Term loan	11/29/05	11/18/12		1		*			10.75	%	$	0			$	317		$	317
	Cardenas Corp				Term loan	07/29/08	07/29/14		1		*			10.50	%	$	0			$	278		$	276
	Pc One Inc Dba The Willett Hou				Term loan	05/25/05	12/25/12		1		*			8.50	%	$	0			$	205		$	205
	Dna Restaurant Corp				Term loan	07/14/06	10/14/12		1		*			12.50	%	$	0			$	78		$	78
	Biscayne Plaza Development Inc				Term loan	08/21/03	03/03/11		1		*			8.75	%	$	0			$	37		$	37
	Pc One Inc/Fsv				Term loan	05/25/05	12/25/12		1		*			8.50	%					$	35		$	35
	El Tropico Family Rest Ii/B No				Term loan	12/23/08	06/23/11		1		*			11.00	%	$	0			$	11		$	11
Arts, Entertainment, and Recreation (4% of the total)	Prompt Appraisals Inc				Term loan	01/24/07	05/28/15		1		*			6.50	%	$	0			$	396		$	396
Other Services (except Public Administration) (6% of the total)	Triple A Super Laundromat Inc				Term loan	03/15/06	06/22/13		1		*			6.50	%	$	0			$	200		$	195
	Newco Laundry Systems I Inc				Term loan	05/02/09	05/02/14		1		*			6.50	%	$	0			$	180		$	180
	2617 S Wabash Ave Realty Llc				Term loan	01/16/04	01/16/14		1		*			5.50	%	$	0			$	164		$	164
	Crown Clnrs Miami Lks/Ln#1/Elk				Term loan	05/05/04	05/05/11		1		*			5.00	%	$	0			$	4		$	4
	Cleaners Of North Beach/Elk				Term loan	04/29/04	04/29/11		1		*			4.50	%	$	0			$	2		$	2
	Crown Clnrs Miami Lks/Ln#1/Elk				Term loan	05/05/04	05/05/11		1		*			5.00	%	$	0			$	1		$	1
Real Estate and Rental and Leasing (4% of the total)	Brianna Ventures Llc		#	#	Term loan	03/11/05	06/29/15		1		*			7.00	%	$	0			$	216		$	215
	Rala Management				Term loan	04/22/99	09/01/15		1		*			5.50	%	$	0			$	150		$	150
	Thursday Morning Inc				Term loan	04/01/10	04/01/15		1		*			6.00	%	$	0	$	1,640	$	80		$	68
Retail Trade (31% of the total)	Red Hook Meat Corp				Term loan	09/24/07	03/14/13		1		*			11.50	%	$	0			$	604		$	602
	516 Realty Corp &				Term loan	03/18/04	12/17/14		1		*			8.50	%	$	0			$	379		$	377
	Mario E Mora &				Term loan	12/23/08	12/23/13		1		*			12.00	%	$	0			$	287		$	283
	Drr Enterprises Llc				Term loan	10/28/08	10/17/13		1		*			11.00	%	$	0			$	218		$	217
	Antillana Supermarket Corp &				Term loan	12/11/08	12/11/14		1		*			10.50	%	$	0			$	191		$	190
	39-04 Skillman Llc				Term loan	07/05/06	07/05/11		1		*			7.85	%	$	0			$	178		$	178
	New Era Meat Supermarket Llc				Term loan	09/13/06	09/13/11		1		*			12.00	%	$	0			$	157		$	157
	Mi Favorita Food Corp &				Term loan	08/13/09	08/13/12		1		*			9.25	%	$	0			$	154		$	155
	East Bronx Food Corp				Term loan	04/23/08	04/23/13		1		*			11.00	%	$	0			$	138		$	137
	Moderne Barn Wines&Spirits Inc				Term loan	12/07/09	12/07/14		1		*			7.25	%	$	0			$	136		$	136

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name		Security Type (all restricted unless otherwise noted)		Acquisition Date	Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost⁽⁴⁾		Fair Value
		G&C Grocery Inc &		Term loan	05/19/08	05/25/12		1		*			8.75	%	$	0			$	211	$	119
		J&E Meat Corp		Term loan	08/23/05	11/23/11		1		*			11.25	%	$	0			$	116	$	116
		Salomon Deli Grocery Corp		Term loan	05/19/08	05/19/13		1		*			10.75	%	$	0			$	97	$	96
		Julio Castillo		Term loan	08/18/08	08/18/13		1		*			10.50	%	$	0			$	96	$	95
		Antillana Supermarket Corp		Term loan	02/01/08	02/01/13		1		*			11.75	%	$	0			$	89	$	89
		Antillana Supermarket Corp		Term loan	08/22/07	08/22/12		1		*			12.75	%	$	0			$	82	$	82
Transportation and Warehousing (9% of the total)		United Management Group Inc		Term loan	08/25/10	08/18/12		1		*			6.00	%	$	0	$	138	$	116	$	118
		United Management Group Inc		Term loan	07/14/10	07/12/12		1		*			6.00	%	$	0	$	92	$	74	$	76
		United Management Group Inc		Term loan	12/08/10	12/06/12		1		*			6.00	%	$	0	$	70	$	70	$	73
		United Management Group Inc		Term loan	06/11/10	06/08/12		1		*			6.00	%	$	0	$	92	$	70	$	72
		United Management Group Inc		Term loan	11/01/10	10/28/12		1		*			6.00	%	$	0	$	70	$	67	$	70
		United Management Group Inc		Term loan	07/26/10	07/22/12		1		*			6.00	%	$	0	$	69	$	55	$	57
		United Management Group Inc		Term loan	10/07/10	10/05/12		1		*			6.00	%	$	0	$	46	$	42	$	44
		Mcguinness Management Corp		Term loan	09/01/10	09/01/12		1		*			6.50	%	$	0	$	50	$	41	$	43
		United Management Group Inc		Term loan	06/21/10	06/14/12		1		*			6.00	%	$	0	$	46	$	35	$	37
		Pro-Serve Auto Care Inc		Term loan	12/02/10	11/22/13		1		*			6.50	%	$	0	$	30	$	29	$	31
		Fa Management Inc		Term loan	10/06/08	04/02/11		1		*			7.00	%	$	0			$	24	$	24
		United Management Group Inc		Term loan	12/11/09	12/09/11		1		*			6.25	%	$	0			$	24	$	24
		United Management Group Inc		Term loan	12/08/09	12/04/11		1		*			6.25	%	$	0			$	24	$	24
		United Management Group Inc		Term loan	09/15/10	09/15/12		1		*			6.00	%	$	0	$	23	$	20	$	22
		United Management Group Inc		Term loan	01/15/10	01/12/12		1		*			6.25	%	$	0	$	23	$	13	$	13
		Pro-Serve Auto Care Inc		Term loan	05/22/08	05/16/11		1		*			6.50	%	$	0			$	12	$	13
		United Management Group Inc		Term loan	12/01/09	11/17/11		1		*			6.25	%	$	0			$	12	$	12
		Pro-Serve Auto Care Inc		Term loan	10/14/08	10/02/11		1		*			7.00	%	$	0			$	11	$	12
		Pro-Serve Auto Care Inc		Term loan	07/23/08	07/18/11		1		*			6.50	%	$	0			$	11	$	11
		United Management Group Inc		Term loan	11/04/09	11/02/11		1		*			6.25	%	$	0			$	11	$	11
		Pro-Serve Auto Care Inc		Term loan	05/22/08	05/16/11		1		*			6.50	%	$	0			$	11	$	11
		Pro-Serve Auto Care Inc		Term loan	07/07/09	06/19/12		1		*			6.50	%	$	0			$	8	$	8
		Pro-Serve Auto Care Inc		Term loan	06/08/09	05/26/12		1		*			6.50	%	$	0			$	7	$	7
		Pro-Serve Auto Care Inc		Term loan	06/08/09	05/26/12		1		*			6.50	%	$	0			$	7	$	7
		Pro-Serve Auto Care Inc		Term loan	06/10/08	06/06/11		1		*			6.50	%	$	0			$	6	$	6
		Queens Medallion Leasing Inc		Term loan	02/19/08	02/19/11		1		*			7.25	%	$	0			$	2	$	2

Total other secured commercial loans ($3,313 pledged as collateral under borrowing arrangements)								61		6	%		7.50	%	$	0	$	2,389	$	9,873	$	9,667

Total commercial loans ($10,490 pledged as collateral under borrowing arrangements)⁽²⁾								135		47	%		12.63	%	$	3,796	$	17,912	$	88,406	$	76,866


Investment in Medallion Bank and other controlled subsidiaries
Commercial Banking		Medallion Bank		100% of common stock	05/16/02	None		1		45	%		5.41	%	$	0			$	74,008	$	74,008
Real Estate		Medallion Hamptons Holding LLC		100% of membership interests	06/21/05	None		1		2	%		0.00	%	$	0			$	2,261	$	3,650
Advertising		Generation Outdoor, Inc.		100% of common stock	12/20/04	None		1		1	%		0.00	%	$	0			$	1,044	$	1,044
Loan Servicing		Medallion Servicing Corp.		100% of common stock	11/05/10	None		1		*			0.00	%	$	0			$	33	$	33

Medallion Financial Corp.

Consolidated Schedule of Investments

December 31, 2010


*(Dollars in thousands)*	Obligor Name	Security Type (all restricted unless otherwise noted)	Acquisition Date		Maturity Date	# of Invest.		% of Net Assets			Interest Rate⁽¹⁾			Capitalized Interest		Original Cost of 2010 Acquisitions⁽⁵⁾		Cost⁽⁴⁾		Fair Value
Investment in Medallion Bank and other controlled subsidiaries, net							4		48	%		5.08	%	$	0			$	77,346	$	78,735

Equity investments
Appliance Recycler #	Appliance Recycling Centers of America, Inc.**	8% of common stock		09/10/98	None		1		1	%		0.00	%	$	0			$	0	$	1,389
									*
Commercial Finance	Convergent Capital, Ltd	7% of limited partnership interest		07/20/07	None		1		1	%		0.00	%	$	0			$	1,180	$	1,300
									*
Restaurant Service Provider	Restaurant Technologies	* of common stock		07/24/03	None		1		*			0.00	%	$	0			$	990	$	508
									*
Equipment Manufacturing	Aeration Industries International, LLC	7.25% of limited liability interest		12/31/10	None		1		*			0.00	%	$	0			$	500	$	500
									*
NASCAR Race Team	RPAC Racing, LLC	40.8% of limited liability interest		11/19/10	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**	* of common stock		12/30/10	None		1		*			7.55	%	$	0			$	901	$	276
									*
Airport Food and Retail	Star Concessions, Ltd.	45% of liimited partnership interest		09/23/97	None		1		*			0.00	%	$	0			$	40	$	40
									*
Insurance #	Metlife, Inc.	* of common stock		12/30/10	None		1		*			1.67	%	$	0			$	5	$	4
									*
Radio Station Broadcasting	On Top	* of ownership shares		12/05/02	None		1		*			0.00	%	$	0			$	200	$	0

Equity investments, net							10		3	%		1.48	%	$	0			$	4,588	$	4,789

Investment securities
Investment securities, net							0		*			0.00	%	$	0			$	0	$	0

Net Investments ($257,303 pledged as collateral under borrowing arrangements)⁽³⁾							1,143		297	%		6.89	%	$	3,796	$	232,548	$	493,170	$	483,516

(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 $3,796 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 296%.

(4)	Gorss unrealized appreciation, gross unrealized depreciation, and net depreciation for federal income tax purposes totaled $2,898, $12,525, and $9,627, respectively. The tax cost of investments was $475,314.

(5)	For revolving lines of credit the amount shown is the cost at December 31, 2010.

*	Less than 1.0%

**	Not an eligible portfolio company as such term is defined in Section 2(a)(46) of the 1940 Act.

&	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

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Constraining
Legalese
Litigious
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Medallion Bank (MBNKP) 10-K2011 FY Annual report

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