Medallion Bank (MBNKP) 10-Q 2012 Q1 Quarterly report

Exhibit 99.1

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
Medallion Loans
New York						484		123	%		4.52	%	$	0	$	27,387	$	214,858	$	214,985
	Lena Cab Corp ##	Term Loan	12/09/11	12/09/15		1		2	%		3.60	%	$	0			$	3,752	$	3,745
	Sean Cab Corp ##	Term Loan	12/09/11	12/08/15		1		2	%		3.60	%	$	0			$	3,752	$	3,745
	Real Cab Corp ##	Term Loan	07/20/07	07/20/17		1		1	%		6.75	%	$	0			$	2,551	$	2,551
	Real Cab Corp	Term Loan	07/20/07	07/20/17		1		*			6.75	%	$	0			$	350	$	350
	Sifnos, Van-Dim, Kitriani Incs ##	Term Loan	06/08/10	06/07/15		1		1	%		5.25	%	$	0			$	2,577	$	2,572
	Cabbo Service Corp ##	Term Loan	09/07/10	09/07/13		1		1	%		5.00	%	$	0			$	1,800	$	1,792
	Slo Cab Corp ##	Term Loan	07/20/07	07/20/17		1		1	%		6.75	%	$	0			$	1,527	$	1,527
	Slo Cab Corp	Term Loan	07/20/07	07/20/17		1		*			6.75	%	$	0			$	210	$	210
	Lety Cab Corp ##	Term Loan	10/21/10	10/20/15		1		1	%		4.00	%	$	0			$	1,637	$	1,634
	Sandhu & Baath Inc/Note 2 Of 2 ##	Term Loan	05/10/11	05/10/14		1		*			4.75	%	$	0			$	649	$	649
	Sandhu & Baath Inc/Note 1 Of 2 ##	Term Loan	05/10/11	05/10/14		1		*			4.75	%	$	0			$	647	$	647
	Orys Trans Corp ##	Term Loan	09/26/11	09/26/14		1		1	%		4.00	%	$	0			$	1,285	$	1,287
	Cafe Service Co Inc ##	Term Loan	11/09/11	11/09/16		1		1	%		4.40	%	$	0			$	1,267	$	1,266
	Spurt Cab Corp ##	Term Loan	04/01/11	10/01/13		1		1	%		4.75	%	$	0			$	1,255	$	1,257
	Bunty & Jyoti Inc ##	Term Loan	11/22/11	11/22/14		1		1	%		4.25	%	$	0			$	1,256	$	1,255
	Sonu-Seema Corp ##	Term Loan	11/22/11	11/22/14		1		1	%		4.25	%	$	0			$	1,256	$	1,255
	Januko Transit Inc ##	Term Loan	12/09/11	12/09/15		1		1	%		3.60	%	$	0			$	1,251	$	1,250
	Nancy Transit Inc ##	Term Loan	04/06/11	04/06/14		1		1	%		4.50	%	$	0			$	1,251	$	1,250
	Vichy Cab Corp ##	Term Loan	02/21/12	02/21/15		1		1	%		4.50	%	$	0	$	1,250	$	1,250	$	1,249
	W Mit Trans Corp ##	Term Loan	03/22/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	Munkach Transit Inc ##	Term Loan	03/23/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	Mamkale Transit Inc ##	Term Loan	03/23/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	W. Vil Trans Corp ##	Term Loan	03/23/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	Sabrinush Transit Inc ##	Term Loan	03/23/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	Slate Cab Corp ##	Term Loan	03/23/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	Daf Cab Corp ##	Term Loan	03/23/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	Yankl Transit Inc ##	Term Loan	03/23/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	Brini Transit Inc ##	Term Loan	03/23/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	Sapphire Transit Inc ##	Term Loan	03/23/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	Fenway Cab Corp ##	Term Loan	03/23/11	12/08/15		1		1	%		3.60	%	$	0			$	1,248	$	1,246
	Junaid Trans Corp ##	Term Loan	03/19/12	03/19/15		1		1	%		4.25	%	$	0	$	1,200	$	1,200	$	1,202
	Ride Yellow Llc ##	Term Loan	01/14/11	02/15/16		1		1	%		4.88	%	$	0			$	1,200	$	1,199
	Hoyt Cab Corp ##	Term Loan	02/18/11	01/23/15		1		1	%		3.75	%	$	0			$	1,198	$	1,197
	New Direction Cab Corp ##	Term Loan	11/18/11	11/18/14		1		1	%		4.00	%	$	0			$	1,191	$	1,195
	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	$	1,194
	Katom Taxi Inc ##	Term Loan	09/01/10	09/01/13		1		1	%		5.00	%	$	0			$	1,200	$	1,194
	Merry Cab Corp ##	Term Loan	09/01/10	09/01/13		1		1	%		5.00	%	$	0			$	1,200	$	1,194
	Alltaxione Cab Corp ##	Term Loan	09/26/11	09/26/14		1		1	%		4.00	%	$	0			$	1,186	$	1,185
	Alltaxitwo Cab Corp ##	Term Loan	09/26/11	09/26/14		1		1	%		4.00	%	$	0			$	1,186	$	1,185
	Goodspeed Transit Inc ##	Term Loan	11/21/11	11/21/14		1		1	%		3.75	%	$	0			$	1,181	$	1,180
	Varres Inc ##	Term Loan	05/12/10	05/12/15		1		1	%		4.40	%	$	0			$	1,155	$	1,154
	Lofos Inc ##	Term Loan	05/12/10	05/12/15		1		1	%		4.40	%	$	0			$	1,155	$	1,154
	Rapid Taxi Corp ##	Term Loan	05/12/10	05/12/15		1		1	%		4.40	%	$	0			$	1,155	$	1,154
	Xara Inc ##	Term Loan	05/12/10	05/12/15		1		1	%		4.40	%	$	0			$	1,155	$	1,154
	Kharkov Taxi Inc ##	Term Loan	05/12/10	05/12/15		1		1	%		4.40	%	$	0			$	1,155	$	1,154
	Trataki Inc ##	Term Loan	05/12/10	05/12/15		1		1	%		4.40	%	$	0			$	1,155	$	1,154
	Ocean Hacking Corp ##	Term Loan	08/17/10	08/16/13		1		1	%		4.75	%	$	0			$	1,153	$	1,151
	Ukraine Service Co ##	Term Loan	10/28/11	10/27/14		1		1	%		3.75	%	$	0			$	1,148	$	1,147
	Lil Amandachaka Hacking Corp ##	Term Loan	10/28/11	10/27/14		1		1	%		3.75	%	$	0			$	1,148	$	1,147
	Flow Taxi Corp ##	Term Loan	10/28/11	10/27/14		1		1	%		3.75	%	$	0			$	1,148	$	1,147
	Whats Yellow Llc ##	Term Loan	10/15/10	10/15/12		1		1	%		4.80	%	$	0			$	1,145	$	1,143
	Jump Service Co Inc ##	Term Loan	10/14/11	10/14/14		1		1	%		3.75	%	$	0			$	1,140	$	1,139
	Kby Taxi Inc ##	Term Loan	10/14/11	10/14/14		1		1	%		4.00	%	$	0			$	1,105	$	1,104
	Anniversary Taxi Corp ##	Term Loan	10/14/11	10/14/14		1		1	%		4.00	%	$	0			$	1,105	$	1,104
	Daytona Hacking Corp ##	Term Loan	10/07/11	10/07/14		1		1	%		3.75	%	$	0			$	1,099	$	1,101
	Concourse Cab Corp ##	Term Loan	03/29/10	03/29/13		1		1	%		5.75	%	$	0			$	1,100	$	1,100
	H&M Cab Corp ##	Term Loan	08/24/10	01/05/15		1		1	%		4.00	%	$	0			$	1,096	$	1,094

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)	Cost (4)		Fair Value
	King Spring Taxi Inc ##	Term Loan	08/24/10	01/05/15		1		1	%		4.00	%	$	0		$	1,096	$	1,094
	Yosi Transit Inc ##	Term Loan	07/20/07	07/20/17		1		1	%		6.75	%	$	0		$	1,018	$	1,018
	Perem Hacking Corp ##	Term Loan	10/28/11	10/27/14		1		1	%		3.75	%	$	0		$	990	$	990
	M.Y. Taxi Inc ##	Term Loan	01/06/11	01/15/16		1		1	%		4.88	%	$	0		$	960	$	962
	Justin Hacking Corp ##	Term Loan	09/09/08	09/09/14		1		1	%		4.00	%	$	0		$	918	$	916
	Cora Hacking Corp ##	Term Loan	08/06/10	08/05/15		1		1	%		4.00	%	$	0		$	909	$	910
	Oyaz Hacking Corp ##	Term Loan	08/06/10	08/05/15		1		1	%		4.00	%	$	0		$	909	$	908
	Iddy Biddy Cab Corp ##	Term Loan	08/06/10	08/05/15		1		1	%		4.00	%	$	0		$	909	$	908
	Granny Hacking Corp ##	Term Loan	08/06/10	08/05/15		1		1	%		4.00	%	$	0		$	909	$	908
	Jbob Hacking Corp ##	Term Loan	08/06/10	08/05/15		1		1	%		4.00	%	$	0		$	909	$	908
	Malcolm Hacking Corp ##	Term Loan	08/06/10	08/05/15		1		1	%		4.00	%	$	0		$	909	$	908
	Global Agami Cab Llc ##	Term Loan	02/22/11	02/01/15		1		1	%		3.35	%	$	0		$	905	$	904
	Planet Agami Cab Llc ##	Term Loan	02/22/11	02/01/15		1		1	%		3.35	%	$	0		$	905	$	904
	Network Agami Cab Corp ##	Term Loan	02/22/11	02/01/15		1		1	%		3.35	%	$	0		$	905	$	904
	Universal Agami Transit Inc ##	Term Loan	02/22/11	02/01/15		1		1	%		3.35	%	$	0		$	905	$	904
	Abbel Cab Corp ##	Term Loan	10/15/10	10/15/12		1		1	%		4.80	%	$	0		$	894	$	892
	Neutron Transit Llc ##	Term Loan	10/16/06	10/16/16		1		1	%		3.00	%	$	0		$	890	$	890
	Proton Transit Llc ##	Term Loan	10/16/06	10/16/16		1		1	%		3.00	%	$	0		$	890	$	890
	Quark Transit Llc ##	Term Loan	10/16/06	10/16/16		1		1	%		3.00	%	$	0		$	890	$	890
	Rechargeable Transit Llc ##	Term Loan	10/16/06	10/16/16		1		1	%		3.00	%	$	0		$	890	$	890
	Kinetic Transit Llc ##	Term Loan	10/31/06	10/31/16		1		1	%		3.00	%	$	0		$	890	$	890
	Lowvolt Transit Llc ##	Term Loan	10/31/06	10/31/16		1		1	%		3.00	%	$	0		$	890	$	890
	Mixfuel Transit Llc ##	Term Loan	10/31/06	10/31/16		1		1	%		3.00	%	$	0		$	890	$	890
	Hybrid Transit Llc ##	Term Loan	10/23/06	10/23/16		1		1	%		2.67	%	$	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
	Composite Transit Llc ##	Term Loan	11/03/06	11/03/16		1		1	%		3.00	%	$	0		$	890	$	888
	Blend Transit Llc ##	Term Loan	11/03/06	11/03/16		1		1	%		3.00	%	$	0		$	890	$	888
	Five Kids Trans Llc ##	Term Loan	10/15/10	10/15/12		1		1	%		4.80	%	$	0		$	877	$	875
	Havana Affair Cab Corp ##	Term Loan	10/08/10	09/30/14		1		*			3.50	%	$	0		$	870	$	869
	Idiot Wind Cab Corp ##	Term Loan	10/08/10	09/30/14		1		*			3.50	%	$	0		$	870	$	869
	Go Boy Cab Corp ##	Term Loan	10/08/10	09/30/14		1		*			3.50	%	$	0		$	870	$	869
	Holdem Cab Corp ##	Term Loan	10/08/10	09/30/14		1		*			3.50	%	$	0		$	870	$	869
	Magic Cab Corp ##	Term Loan	04/21/10	04/21/13		1		*			4.80	%	$	0		$	817	$	816
	Ming Trans Corp ##	Term Loan	07/07/11	07/06/14		1		*			4.60	%	$	0		$	816	$	816
	Gaultier Hacking Corp ##	Term Loan	07/30/10	07/30/12		1		*			4.75	%	$	0		$	792	$	791
	Sisters Trans Inc ##	Term Loan	10/15/10	10/06/12		1		*			4.80	%	$	0		$	773	$	774
	Fly By Night Trans Inc ##	Term Loan	10/15/10	10/06/12		1		*			4.80	%	$	0		$	769	$	770
	Bliss Cab Corp ##	Term Loan	10/21/10	10/20/15		1		*			4.00	%	$	0		$	768	$	767
	1212 Taxi Llc ##	Term Loan	01/06/11	01/15/16		1		*			4.88	%	$	0		$	750	$	752
	Sincere Cab Corp ##	Term Loan	06/21/11	06/21/16		1		*			4.50	%	$	0		$	745	$	745
	Hot Wheels Taxi Llc ##	Term Loan	01/11/11	02/15/16		1		*			4.88	%	$	0		$	743	$	743
	Marian Cab Corp ##	Term Loan	09/01/10	09/01/15		1		*			5.25	%	$	0		$	725	$	725
	Robell Hacking Corp ##	Term Loan	10/26/11	10/26/14		1		*			3.75	%	$	0		$	708	$	708
	Jean Pierre Trans Inc ##	Term Loan	10/21/10	10/20/15		1		*			4.00	%	$	0		$	694	$	695
	Cfn Cab Corp ##	Term Loan	10/21/10	10/20/15		1		*			4.00	%	$	0		$	694	$	693
	Miklos Hacking Corp ##	Term Loan	10/21/10	10/20/15		1		*			4.00	%	$	0		$	689	$	688
	Yme Transit Inc ##	Term Loan	09/09/11	09/01/14		1		*			4.00	%	$	0		$	644	$	648
	Serob Taxi Inc ##	Term Loan	07/01/10	07/01/13		1		*			5.50	%	$	0		$	611	$	610
	Oradeanul Taxi Corp	Term Loan	11/14/11	11/14/14		1		*			5.00	%	$	0		$	590	$	595
	Birk Cab Corp	Term Loan	11/04/11	11/04/14		1		*			5.00	%	$	0		$	585	$	590
	Jasvinder Chhoker + Dam Singh	Term Loan	11/10/11	11/10/14		1		*			5.25	%	$	0		$	581	$	586
	Bhai Bhai Taxi Corp	Term Loan	06/02/11	06/02/14		1		*			5.35	%	$	0		$	582	$	584
	Nelsk Taxi Inc ##	Term Loan	08/10/10	08/10/13		1		*			5.30	%	$	0		$	581	$	580
	Muhammad Saqib ##	Term Loan	10/04/11	10/04/14		1		*			5.00	%	$	0		$	573	$	576
	Jaswinder Sharma ##	Term Loan	11/02/11	11/02/14		1		*			5.00	%	$	0		$	568	$	571
	Btr Taxi Inc ##	Term Loan	07/05/11	07/05/14		1		*			4.63	%	$	0		$	567	$	568
	Albro Hacking, Corp. ##	Term Loan	10/21/10	10/20/15		1		*			4.00	%	$	0		$	564	$	565
	Corsi Cab Corp ##	Term Loan	06/21/11	06/21/16		1		*			4.50	%	$	0		$	559	$	560
	Anba Taxi Inc ##	Term Loan	06/21/11	06/21/16		1		*			4.50	%	$	0		$	559	$	560
	Mongerry Hacking Cor ##	Term Loan	10/14/11	10/14/14		1		*			3.75	%	$	0		$	553	$	554

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
	Angelita Transit Inc/Note 2 ##	Term Loan	04/22/10	03/16/14			1		*		4.75	%	$	0			$	554	$	553
	Rafi Mohammad ##	Term Loan	12/07/11	12/07/14			1		*		4.25	%	$	0			$	552	$	552
	Georges Salomon	Term Loan	03/23/12	03/23/15			1		*		5.25	%	$	0	$	550	$	550	$	552
	Samy Baddar ##	Term Loan	03/26/12	03/26/15			1		*		4.25	%	$	0	$	550	$	550	$	551
	Lesly Jeanjoseph ##	Term Loan	12/20/11	12/20/14			1		*		4.75	%	$	0			$	547	$	549
	Ptah Cab Corp ##	Term Loan	05/25/11	06/01/14			1		*		4.00	%	$	0			$	548	$	549
	Eugenio & Ayodele Trans Corp	Term Loan	10/14/10	10/14/13			1		*		6.00	%	$	0			$	550	$	548
	Karamjit Panchhi ##	Term Loan	11/21/11	11/21/14			1		*		4.50	%	$	0			$	546	$	547
	Fido Cab Corp ##	Term Loan	09/09/11	09/01/14			1		*		4.00	%	$	0			$	545	$	546
	Gilberto Barrera ##	Term Loan	06/15/11	06/15/14			1		*		5.00	%	$	0			$	546	$	545
	Leo P. Roland ##	Term Loan	11/10/11	11/10/14			1		*		4.25	%	$	0			$	541	$	542
	Amjad Abbas	Term Loan	06/02/11	06/05/14			1		*		4.25	%	$	0			$	541	$	540
	Sushil Maggoo ##	Term Loan	09/14/11	09/14/14			1		*		5.75	%	$	0			$	538	$	540
	Edgard A Donado ##	Term Loan	02/17/11	02/17/14			1		*		4.75	%	$	0			$	540	$	539
	Mohammed Hossen & Abrar Hanif	Term Loan	08/11/11	08/11/14	��		1		*		5.50	%	$	0			$	531	$	535
	My Sarah Cab Corp ##	Term Loan	10/14/11	10/14/14			1		*		3.75	%	$	0			$	534	$	535
	Carmay Latendresse	Term Loan	01/18/12	01/18/15			1		*		5.88	%	$	0	$	536	$	534	$	533
	Humberto Ontaneda ##	Term Loan	03/05/12	03/05/15			1		*		4.25	%	$	0	$	525	$	525	$	529
	Joseph Paul Desir	Term Loan	04/08/11	04/08/14			1		*		4.75	%	$	0			$	526	$	528
	Abdelhakim A. Ibrahim	Term Loan	12/28/10	12/28/13			1		*		5.25	%	$	0			$	527	$	528
	Jacques A Petion	Term Loan	02/08/11	02/08/14			1		*		5.75	%	$	0			$	527	$	527
	Wisly Noel	Term Loan	03/17/11	03/17/14			1		*		5.00	%	$	0			$	524	$	526
	Marcnance Morency	Term Loan	09/09/11	09/09/14			1		*		5.25	%	$	0			$	526	$	525
	Balwinder Singh ##	Term Loan	10/19/11	10/19/14			1		*		4.75	%	$	0			$	523	$	524
	M Irshad Chaudhry & Mhd Ramzan ##	Term Loan	03/21/11	03/21/14			1		*		5.25	%	$	0			$	524	$	524
	Ulrick Racine ##	Term Loan	04/22/11	04/22/14			1		*		5.13	%	$	0			$	522	$	523
	Amr Aly Shafshak ##	Term Loan	06/22/11	06/22/14			1		*		4.90	%	$	0			$	524	$	523
	Mukhtiar Singh ##	Term Loan	11/22/11	11/22/14			1		*		4.25	%	$	0			$	522	$	523
	Avtar Singh ##	Term Loan	11/22/11	11/22/14			1		*		4.25	%	$	0			$	521	$	522
	Marco V Guerrero	Term Loan	12/22/11	12/22/14			1		*		4.50	%	$	0			$	520	$	522
	Ilker Altaygil ##	Term Loan	05/11/11	05/11/14			1		*		5.25	%	$	0			$	521	$	522
	Rafael Kikirov ##	Term Loan	10/13/11	10/13/14			1		*		5.00	%	$	0			$	520	$	521
	Roudy Moliere &Jean B Letang ##	Term Loan	08/18/11	08/18/14			1		*		5.75	%	$	0			$	518	$	520
	Marc C Bastien ##	Term Loan	11/02/11	11/02/14			1		*		5.00	%	$	0			$	518	$	520
	Erwich Chery	Term Loan	06/17/11	06/17/14			1		*		5.50	%	$	0			$	517	$	519
	Joseph R Jean ##	Term Loan	10/17/11	10/17/14			1		*		4.50	%	$	0			$	518	$	519
	Shanu Miah	Term Loan	03/24/11	03/24/14			1		*		5.25	%	$	0			$	520	$	518
	Arcange J Dangervil ##	Term Loan	09/06/11	09/06/14			1		*		5.75	%	$	0			$	518	$	518
	Jasvir S Dhaliwal ##	Term Loan	11/29/11	11/29/14			1		*		4.50	%	$	0			$	520	$	518
	Strivers Way Inc	Term Loan	03/21/11	03/21/14			1		*		6.25	%	$	0			$	515	$	517
	Headway Transportation Inc	Term Loan	03/22/11	03/22/14			1		*		6.25	%	$	0			$	515	$	517
	Malkiat S Multani	Term Loan	06/01/11	06/09/14			1		*		4.75	%	$	0			$	514	$	516
	Frantz Louhis & Joseph Paul ##	Term Loan	02/17/11	02/17/14			1		*		5.13	%	$	0			$	513	$	515
	Harminder Singh & Harjinder Si ##	Term Loan	03/22/11	03/22/14			1		*		4.00	%	$	0			$	517	$	515
	Larry Westen ##	Term Loan	09/30/11	09/30/14			1		*		5.50	%	$	0			$	512	$	512
	Joseph Jean ##	Term Loan	03/14/12	03/14/15			1		*		4.50	%	$	0	$	510	$	510	$	510
	Alexander Vizueta ##	Term Loan	11/15/11	11/15/14			1		*		5.25	%	$	0			$	508	$	510
	Kang & Dhillon Taxi Inc ##	Term Loan	12/03/10	12/03/13			1		*		5.35	%	$	0			$	507	$	509
	Louis A Alphonse ##	Term Loan	12/05/11	12/05/14			1		*		4.50	%	$	0			$	510	$	509
	Prem Singh & Manjeet Kaur ##	Term Loan	01/28/11	01/28/14			1		*		5.00	%	$	0			$	507	$	507
	Joseph B Luxama ##	Term Loan	06/16/11	06/16/14			1		*		5.50	%	$	0			$	505	$	504
	Sing-Fai Chan	Term Loan	09/24/10	09/24/13			1		*		5.88	%	$	0			$	503	$	504
	Ronak Singh ##	Term Loan	01/11/12	01/11/15			1		*		4.00	%	$	0	$	506	$	502	$	501
	Binh Pham ##	Term Loan	09/09/10	09/09/13			1		*		6.00	%	$	0			$	502	$	500
	Avtar Singh ##	Term Loan	09/23/11	09/27/14			1		*		4.00	%	$	0			$	502	$	500
	Preslert Louis	Term Loan	03/23/12	03/23/15			1		*		5.00	%	$	0	$	498	$	498	$	500
	Mian Cab Corp ##	Term Loan	02/02/11	02/02/14			1		*		5.25	%	$	0			$	499	$	499
	Turgut Duman ##	Term Loan	12/10/10	12/10/13			1		*		5.00	%	$	0			$	497	$	499
	Mohammad A Parvaiz ##	Term Loan	05/26/11	05/26/16			1		*		4.95	%	$	0			$	492	$	495
	Zhi Li Peng	Term Loan	03/24/11	03/24/14			1		*		5.50	%	$	0			$	493	$	495
	Joseph Gerard Pierre	Term Loan	04/08/11	04/08/14			1		*		4.50	%	$	0			$	493	$	494

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
	Brunel Paul & Chrislorme Paul ##	Term Loan	06/30/11	06/30/14		1		*		4.75	%	$	0			$	489	$	491
	Michael Avitan ##	Term Loan	07/19/11	07/19/14		1		*		5.00	%	$	0			$	491	$	490
	Pierre Goguin Joseph	Term Loan	05/20/10	05/20/13		1		*		6.00	%	$	0			$	489	$	490
	Parvinder Singh ##	Term Loan	02/16/11	02/16/14		1		*		5.00	%	$	0			$	488	$	488
	Rousseau Ductan ##	Term Loan	12/22/11	12/22/14		1		*		4.25	%	$	0			$	489	$	487
	Gustavo E Cabrejos ##	Term Loan	04/04/11	04/04/14		1		*		4.90	%	$	0			$	483	$	484
	Amr & Rina Taxi Inc ##	Term Loan	06/17/11	06/17/14		1		*		4.75	%	$	0			$	481	$	483
	Rafael A Pena ##	Term Loan	02/28/12	02/28/15		1		*		4.50	%	$	0	$	482	$	481	$	482
	Jordan O Ohene ##	Term Loan	11/05/10	11/05/13		1		*		5.25	%	$	0			$	478	$	479
	Jened Cab Corp ##	Term Loan	03/13/12	01/13/17		1		*		4.25	%	$	0	$	477	$	477	$	478
	Brunet Lucas ##	Term Loan	09/29/10	09/29/13		1		*		5.75	%	$	0			$	477	$	477
	Ahmed Elsayed ##	Term Loan	08/01/11	08/01/14		1		*		5.00	%	$	0			$	478	$	477
	Atef A Khalil	Term Loan	04/15/11	04/15/14		1		*		5.50	%	$	0			$	472	$	474
	Eli Parada ##	Term Loan	01/20/12	01/20/15		1		*		4.75	%	$	0	$	476	$	474	$	472
	Charanjeet Kaur & Manjit Singh ##	Term Loan	10/07/10	03/01/15		1		*		4.00	%	$	0			$	471	$	471
	Abu H Shawkat	Term Loan	03/12/10	03/12/13		1		*		6.60	%	$	0			$	469	$	470
	Roland Eusebe & Naomi Charles	Term Loan	03/17/11	03/17/13		1		*		5.00	%	$	0			$	468	$	468
	Eustache Romain ##	Term Loan	10/25/10	10/25/13		1		*		5.25	%	$	0			$	466	$	466
	Nobert Auguste	Term Loan	04/12/10	04/12/13		1		*		6.75	%	$	0			$	464	$	465
	Albert A Agyemang ##	Term Loan	08/25/11	08/25/14		1		*		4.70	%	$	0			$	464	$	465
	David Mashkabov ##	Term Loan	10/26/11	10/24/14		1		*		4.00	%	$	0			$	464	$	463
	Harold Torres ##	Term Loan	07/29/10	07/29/13		1		*		5.50	%	$	0			$	462	$	463
	Mohammed F Munir ##	Term Loan	02/11/11	02/14/14		1		*		4.75	%	$	0			$	459	$	461
	Tamimu Aliu ##	Term Loan	06/07/10	06/07/13		1		*		6.00	%	$	0			$	461	$	461
	Parkash Taxi Inc ##	Term Loan	08/09/10	08/09/13		1		*		4.00	%	$	0			$	458	$	456
	Patrick Sattaur ##	Term Loan	11/18/11	11/18/14		1		*		5.00	%	$	0			$	453	$	454
	Ranjit Singh ##	Term Loan	02/16/12	02/16/15		1		*		4.00	%	$	0	$	451	$	450	$	453
	Momar Diagne ##	Term Loan	08/25/11	08/25/14		1		*		4.75	%	$	0			$	449	$	450
	Olmedo Nocua ##	Term Loan	01/21/11	01/21/14		1		*		5.00	%	$	0			$	448	$	450
	Aminder Pal Singh	Term Loan	02/27/12	02/27/17		1		*		4.25	%	$	0	$	447	$	446	$	448
	Gonel Seraphin & Evelyne Serap ##	Term Loan	12/09/11	12/09/14		1		*		4.25	%	$	0			$	448	$	446
	Eduard Neyman ##	Term Loan	11/09/11	11/09/16		1		*		4.75	%	$	0			$	445	$	446
	Spyridon Tzorzis ##	Term Loan	01/18/12	01/18/15		1		*		4.50	%	$	0	$	448	$	445	$	444
	Rossini F Celestin	Term Loan	10/09/09	10/09/12		1		*		6.50	%	$	0			$	441	$	441
	Guy Merisier ##	Term Loan	06/30/11	06/30/14		1		*		5.75	%	$	0			$	439	$	440
	Chamkor Cab Corp ##	Term Loan	12/16/09	06/30/14		1		*		4.75	%	$	0			$	440	$	439
	Jacob Kuruvilla ##	Term Loan	11/11/09	11/15/12		1		*		5.90	%	$	0			$	437	$	436
	Mario Nisthauz ##	Term Loan	03/24/10	03/24/13		1		*		5.75	%	$	0			$	436	$	434
	Daca Taxi Inc ##	Term Loan	06/02/11	06/02/14		1		*		4.38	%	$	0			$	431	$	432
	Gurmeet Singh ##	Term Loan	06/21/11	06/21/14		1		*		5.00	%	$	0			$	430	$	431
	Shubal C Ghose ##	Term Loan	09/23/10	09/23/13		1		*		5.00	%	$	0			$	430	$	430
	Julio Farfan ##	Term Loan	08/03/11	08/03/14		1		*		5.00	%	$	0			$	423	$	425
	Neomi & Z Taxi Inc ##	Term Loan	01/06/11	01/15/16		1		*		4.88	%	$	0			$	422	$	424
	Saba Moshe Taxi Inc ##	Term Loan	01/06/11	01/15/16		1		*		4.88	%	$	0			$	422	$	424
	Mtr Taxi Inc ##	Term Loan	01/06/11	01/15/16		1		*		4.88	%	$	0			$	422	$	424
	Maya Taxi Inc ##	Term Loan	01/06/11	01/15/16		1		*		4.88	%	$	0			$	422	$	424
	M&J Taxi Inc ##	Term Loan	01/06/11	01/15/16		1		*		4.88	%	$	0			$	422	$	424
	Man Singh ##	Term Loan	01/19/12	01/19/15		1		*		4.00	%	$	0	$	421	$	419	$	420
	Bucur Express Cab Corp ##	Term Loan	06/02/11	06/02/14		1		*		4.38	%	$	0			$	414	$	415
	Crossbow Taxi Inc ##	Term Loan	01/17/12	01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	412
	King “D” Taxi Inc ##	Term Loan	01/17/12	01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	412
	King Verin Taxi Inc ##	Term Loan	01/17/12	01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	412
	Petia Cab Corporation ##	Term Loan	01/17/12	01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	412
	Run Service Corp ##	Term Loan	01/17/12	01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	412
	Nautilus Service Cor ##	Term Loan	01/17/12	01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	412
	Cleopatra Cab Corp ##	Term Loan	01/17/12	01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	412
	Dady Hamel ##	Term Loan	04/16/09	12/22/13		1		*		3.90	%	$	0			$	412	$	411
	Frands Fequiere ##	Term Loan	01/26/11	01/25/14		1		*		5.20	%	$	0			$	410	$	411
	Manuel F Pena ##	Term Loan	04/01/11	04/01/14		1		*		4.50	%	$	0			$	410	$	411
	Pierre Chery ##	Term Loan	10/20/11	10/20/14		1		*		4.50	%	$	0			$	406	$	405
	I&I Cab Corp ##	Term Loan	10/06/11	10/05/14		1		*		4.75	%	$	0			$	399	$	403

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
	Anthony Okyere Duah ##	Term Loan	06/10/11	06/10/14		1		*		5.00	%	$	0			$	401	$	402
	Y Joey Taxi Inc ##	Term Loan	01/06/11	01/15/16		1		*		4.88	%	$	0			$	400	$	402
	N & B Taxi Inc ##	Term Loan	06/24/11	06/24/14		1		*		4.50	%	$	0			$	400	$	401
	Luis E Perez ##	Term Loan	04/13/11	04/13/14		1		*		4.50	%	$	0			$	392	$	393
	Ruckman Hacking Corp ##	Term Loan	10/14/11	10/14/14		1		*		3.75	%	$	0			$	390	$	391
	Geraldine Hacking Co ##	Term Loan	10/14/11	10/14/14		1		*		3.75	%	$	0			$	389	$	390
	Ny Berts Cab Corp ##	Term Loan	09/15/10	09/15/13		1		*		6.00	%	$	0			$	387	$	387
	Avner Ben-Levy ##	Term Loan	12/05/11	12/05/14		1		*		4.25	%	$	0			$	378	$	381
	Pierre Jeune ##	Term Loan	07/21/11	07/21/15		1		*		5.00	%	$	0			$	380	$	380
	Elsayed A Hassan ##	Term Loan	11/28/11	11/28/14		1		*		4.25	%	$	0			$	377	$	378
	Joseph L Flovel ##	Term Loan	04/09/09	04/09/12		1		*		6.00	%	$	0			$	377	$	376
	Magloire David	Term Loan	01/06/10	01/06/13		1		*		6.50	%	$	0			$	376	$	376
	Tarafdar Abul & Tarafdar Luthf	Term Loan	08/13/10	08/13/13		1		*		7.00	%	$	0			$	374	$	375
	Fernande Paul Cab Corp	Term Loan	04/26/11	04/26/14		1		*		4.88	%	$	0			$	370	$	371
	Nour-Ditmars Zamalek Corp ##	Term Loan	04/01/11	04/01/14		1		*		4.90	%	$	0			$	370	$	371
	Lelio Bresier & Jeanne Bresier ##	Term Loan	04/01/11	04/01/14		1		*		5.00	%	$	0			$	368	$	370
	Shah M Rahman ##	Term Loan	08/15/11	08/15/14		1		*		4.50	%	$	0			$	370	$	369
	Jacques Desrosiers	Term Loan	09/05/07	04/24/12		1		*		6.75	%	$	0			$	368	$	368
	Hasina Farazi And Rafiul Faraz ##	Term Loan	08/13/09	08/13/12		1		*		6.13	%	$	0			$	368	$	367
	Rahul Amin ##	Term Loan	03/25/09	Matured		1		*		5.90	%	$	0			$	366	$	365
	Vosiem Hacking Corp ##	Term Loan	09/09/11	09/01/14		1		*		4.00	%	$	0			$	356	$	358
	Ilias Karanikolas ##	Term Loan	11/08/11	11/08/14		1		*		4.75	%	$	0			$	352	$	354
	Alexander A Malamud ##	Term Loan	04/20/11	05/01/14		1		*		4.75	%	$	0			$	353	$	354
	Carlot Dalce ##	Term Loan	11/15/10	11/15/13		1		*		5.25	%	$	0			$	346	$	347
	Pierre Cadet ##	Term Loan	03/18/10	03/18/13		1		*		5.50	%	$	0			$	345	$	346
	Gerard G Tema ##	Term Loan	12/06/10	12/06/13		1		*		5.25	%	$	0			$	339	$	341
	Santokh Bangay ##	Term Loan	09/14/09	08/28/14		1		*		4.00	%	$	0			$	337	$	336
	Jean A. Alexandre ##	Term Loan	12/12/11	12/12/14		1		*		4.25	%	$	0			$	333	$	332
	Essa & Soliman Transit Inc ##	Term Loan	05/29/08	12/06/13		1		*		4.75	%	$	0			$	331	$	329
	Medora Moreira &Juan Mendoza ##	Term Loan	02/18/11	02/18/14		1		*		5.00	%	$	0			$	327	$	328
	Abdullah Zivali ##	Term Loan	03/01/12	03/01/15		1		*		4.00	%	$	0	$	325	$	325	$	327
	Rehmet Khan ##	Term Loan	03/04/11	03/04/14		1		*		4.75	%	$	0			$	323	$	324
	Joslin Fenelus ##	Term Loan	09/16/09	09/16/12		1		*		6.00	%	$	0			$	319	$	318
	Jean B Guerrier ##	Term Loan	08/12/09	08/12/12		1		*		6.50	%	$	0			$	318	$	317
	Mohammmed H Iqbal ##	Term Loan	01/13/09	01/13/13		1		*		6.50	%	$	0			$	313	$	312
	Cody Service Co Inc ##	Term Loan	09/15/10	09/10/15		1		*		5.25	%	$	0			$	310	$	311
	Malkit Singh ##	Term Loan	04/15/11	04/15/14		1		*		5.00	%	$	0			$	305	$	307
	Bella Hacking Corp ##	Term Loan	06/25/04	06/25/16		1		*		6.00	%	$	0			$	303	$	302
	Bj Cab Corp	Term Loan	11/14/11	11/14/14		1		*		5.00	%	$	0			$	295	$	300
	Georges Desrosiers ##	Term Loan	05/27/11	05/27/14		1		*		6.50	%	$	0			$	299	$	300
	Shahdad Bhatti Cab Corp ##	Term Loan	11/05/10	11/05/13		1		*		5.38	%	$	0			$	298	$	299
	Kornos Taxi Inc ##	Term Loan	05/02/03	08/21/12		1		*		5.63	%	$	0			$	300	$	299
	Bj Cab Corp/Note 2 Of 2	Term Loan	11/14/11	11/14/14		1		*		5.00	%	$	0			$	296	$	298
	Platform Taxi Service ##	Term Loan	03/29/06	02/17/15		1		*		4.25	%	$	0			$	298	$	298
	Chaim Tepper ##	Term Loan	02/10/11	02/10/14		1		*		5.25	%	$	0			$	294	$	295
	Double Cab Corp ##	Term Loan	07/24/09	07/16/12		1		*		5.50	%	$	0			$	282	$	281
	Serge Bonny ##	Term Loan	03/02/11	03/02/14		1		*		5.00	%	$	0			$	272	$	273
	Tarek Elsaid ##	Term Loan	05/27/11	05/27/14		1		*		4.25	%	$	0			$	270	$	271
	Barbara Przezdziecka ##	Term Loan	05/10/07	05/09/12		1		*		7.25	%	$	0			$	263	$	262
	Mohammad Azhar ##	Term Loan	07/11/11	07/11/14		1		*		4.80	%	$	0			$	233	$	234
	Y.A.M. Associates Corp	Term Loan	10/18/11	04/18/14		1		*		6.00	%	$	0			$	229	$	231
	Joubert Toussaint ##	Term Loan	12/15/11	12/15/14		1		*		4.50	%	$	0			$	229	$	231
	Amos B Baffour-Gyau ##	Term Loan	10/04/10	10/04/13		1		*		5.50	%	$	0			$	226	$	227
	Mohammad Ashraf Ali ##	Term Loan	01/17/12	01/17/15		1		*		4.13	%	$	0	$	422	$	219	$	221
	Ali Akbar ##	Term Loan	03/04/10	10/11/14		1		*		4.50	%	$	0			$	218	$	217
	Abdul H Abid ##	Term Loan	06/09/09	06/09/14		1		*		6.38	%	$	0			$	216	$	216
	Kesef Taxi Inc	Term Loan	12/23/10	12/15/15		1		*		4.88	%	$	0			$	209	$	211
	Ede Service Corp	Term Loan	07/20/07	07/20/17		1		*		6.75	%	$	0			$	210	$	210
	Chuhar Singh ##	Term Loan	12/02/11	12/02/16		1		*		3.75	%	$	0			$	205	$	207
	Yberto Santana ##	Term Loan	06/09/11	06/09/14		1		*		5.25	%	$	0			$	197	$	198
	David Taxi Corp	Term Loan	10/05/10	10/04/13		1		*		5.00	%	$	0			$	192	$	193

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
	Nicolae Blidariu	Term Loan	02/29/08	02/28/23		1		*		6.50	%	$	0			$	188	$	189
	Ilias Karanikolas	Term Loan	01/27/12	01/27/15		1		*		6.00	%	$	0	$	185	$	185	$	187
	Zante Cab Corp/Mbank	Term Loan	02/02/10	02/02/15		1		*		6.01	%	$	0			$	186	$	186
	Jackie L Chaiken & Michael Cha ##	Term Loan	03/16/11	03/16/14		1		*		5.00	%	$	0			$	183	$	185
	Zorro Taxi Inc	Term Loan	08/09/11	08/09/21		1		*		5.50	%	$	0			$	182	$	184
	Daniel Victor ##	Term Loan	05/06/11	05/06/14		1		*		4.75	%	$	0			$	180	$	181
	Gasless Transit Llc/Bnote	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
	Electron Transit Llc/B Note	Term Loan	10/23/06	10/23/16		1		*		2.67	%	$	0			$	175	$	175
	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
	Mode Service Corp	Term Loan	06/02/11	06/01/21		1		*		6.00	%	$	0			$	172	$	171
	Norberto Cardona ##	Term Loan	03/30/12	03/30/17		1		*		4.00	%	$	0	$	160	$	160	$	162
	Anastasios Tsiklidis	Term Loan	04/15/11	10/15/18		1		*		5.13	%	$	0			$	154	$	156
	Angelita Transit Inc/Note 1 ##	Term Loan	04/22/10	03/16/14		1		*		4.75	%	$	0			$	154	$	155
	Wilfrid Barreau	Term Loan	12/29/09	12/29/16		1		*		5.75	%	$	0			$	152	$	153
	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			$	149	$	150
	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
	Rs Hacking Corp	Term Loan	01/17/12	01/17/15		1		*		4.15	%	$	0	$	1,050	$	126	$	128
	Bitterroot Hacking Corp	Term Loan	02/01/12	02/01/15		1		*		4.25	%	$	0	$	1,400	$	124	$	126
	Roman Fermin ##	Term Loan	04/09/09	10/27/14		1		*		4.25	%	$	0			$	115	$	115
	Jose Perez ##	Term Loan	11/03/98	10/10/12		1		*		7.00	%	$	0			$	114	$	114
	Boris Ushman ##	Term Loan	05/21/03	05/05/12		1		*		6.88	%	$	0			$	112	$	112
	Ken Service Corp/Mbank	Term Loan	09/02/10	09/01/13		1		*		5.00	%	$	0			$	115	$	107
	First Eight Grand Corp	Term Loan	10/14/11	10/14/14		1		*		6.26	%	$	0			$	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			$	91	$	92
	Emerald I Taxi Corp/Mbank	Term Loan	12/20/11	12/20/14		1		*		6.13	%	$	0			$	90	$	90
	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
	Kinetic Transit Llc/B Note	Term Loan	10/31/06	10/31/16		1		*		3.00	%	$	0			$	85	$	85
	Isotope 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
	Juiced Transit Llc/B Note	Term Loan	10/31/06	10/31/16		1		*		3.00	%	$	0			$	85	$	85
	King Mario Taxi Inc	Term Loan	10/05/10	10/04/13		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
	Ny Pisces Taxi Corp	Term Loan	10/18/10	10/15/13		1		*		5.00	%	$	0			$	84	$	85
	Bu Taxi Llc/Mbank	Term Loan	12/29/10	12/15/15		1		*		7.40	%	$	0			$	75	$	75
	Eddy Joseph ##	Term Loan	12/20/00	01/01/14		1		*		6.00	%	$	0			$	75	$	75
	Carlos Rios	Term Loan	03/11/11	03/11/14		1		*		5.50	%	$	0			$	72	$	74
	Calcium One Service Inc	Term Loan	02/23/07	02/23/17		1		*		2.36	%	$	0			$	72	$	72
	Junco Taxi Inc/Mbank	Term Loan	09/02/10	09/01/13		1		*		5.00	%	$	0			$	76	$	69
	Heby Taxi Inc./Mbank	Term Loan	09/02/10	09/01/13		1		*		5.00	%	$	0			$	76	$	69
	Libnoth Cab Corp/Mbank	Term Loan	09/02/10	09/01/13		1		*		5.00	%	$	0			$	76	$	69
	Ede Service Corp	Term Loan	07/20/07	07/20/17		1		*		6.75	%	$	0			$	69	$	69
	Michael Piccolo ##	Term Loan	05/03/06	03/03/15		1		*		5.50	%	$	0			$	65	$	65
	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			$	62	$	62
	Avi Taxi Corporation/Mbank	Term Loan	10/14/11	10/14/14		1		*		6.36	%	$	0			$	62	$	62
	Motors Taxi Inc	Term Loan	10/14/11	10/14/14		1		*		6.36	%	$	0			$	62	$	62
	North Moore Taxi Inc	Term Loan	02/18/11	12/20/14		1		*		3.75	%	$	0			$	60	$	62
	Honeybee Taxi Llc	Term Loan	01/21/11	12/20/14		1		*		3.75	%	$	0			$	60	$	61

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
	Lazaros Taxi Inc	Term Loan	11/01/10	11/01/15		1		*		4.80	%	$	0			$	61	$	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
	N.Y. Abar Taxi Corp	Term Loan	10/05/10	10/04/13		1		*		5.00	%	$	0			$	60	$	61
	Y Mommy Taxi Inc/Mbank	Term Loan	12/23/10	12/15/15		1		*		4.88	%	$	0			$	60	$	60
	Kappa Taxi Inc/Mbank	Term Loan	12/20/11	12/20/14		1		*		6.13	%	$	0			$	60	$	60
	Natlon Hacking Corp	Term Loan	08/17/10	08/16/13		1		*		4.75	%	$	0			$	58	$	59
	Hamilton Transit Llc/Mbank	Term Loan	12/20/11	12/20/14		1		*		6.13	%	$	0			$	57	$	57
	Y Daddy Taxi Inc	Term Loan	12/23/10	12/15/15		1		*		4.88	%	$	0			$	55	$	57
	Dani Taxi Inc	Term Loan	12/23/10	12/15/15		1		*		4.88	%	$	0			$	55	$	57
	Appoint Cab Corp/Mbank	Term Loan	12/06/10	12/06/13		1		*		7.96	%	$	0			$	57	$	57
	Composite Transit Llc	Term Loan	11/03/06	11/03/16		1		*		3.00	%	$	0			$	56	$	56
	Blend Transit Llc/B Note	Term Loan	11/03/06	11/03/16		1		*		3.00	%	$	0			$	56	$	56
	Edgar Transit Inc	Term Loan	12/13/11	12/09/15		1		*		3.60	%	$	0			$	49	$	51
	Ziva Cab Corp	Term Loan	12/13/11	12/09/15		1		*		3.60	%	$	0			$	49	$	51
	Soccer Transit Inc	Term Loan	12/13/11	12/09/15		1		*		3.60	%	$	0			$	49	$	51
	Sea Transit Inc	Term Loan	12/13/11	12/09/15		1		*		3.60	%	$	0			$	49	$	51
	Big Ari Taxi Corp	Term Loan	11/21/11	11/21/14		1		*		3.75	%	$	0			$	49	$	51
	Soho Cab Corp	Term Loan	12/23/11	12/22/14		1		*		3.75	%	$	0			$	49	$	51
	Wildwood Hacking Corp	Term Loan	12/20/11	12/20/14		1		*		3.75	%	$	0			$	48	$	50
	Kaderee M & G Corp	Term Loan	12/20/11	12/20/14		1		*		3.75	%	$	0			$	48	$	50
	Samiullah Zaman/Mbank	Term Loan	07/26/11	07/26/14		1		*		8.32	%	$	0			$	50	$	50
	Avilie Service Inc	Term Loan	03/09/12	03/09/15		1		*		3.75	%	$	0	$	1,200	$	48	$	50
	Ny Kfar Taxi Corp/Mbank	Term Loan	09/07/10	09/03/13		1		*		5.00	%	$	0			$	56	$	50
	Twinkle Cab Corp/Mbank	Term Loan	09/07/10	09/03/13		1		*		5.00	%	$	0			$	56	$	50
	Mazl Taxi Inc/Mbank	Term Loan	09/07/10	09/07/13		1		*		5.00	%	$	0			$	56	$	50
	Bedford Taxi Llc	Term Loan	10/07/11	10/07/14		1		*		3.75	%	$	0			$	47	$	49
	Trial Taxi Inc	Term Loan	10/28/11	10/27/14		1		*		3.75	%	$	0			$	46	$	48
	Chornomor Service Co	Term Loan	10/28/11	10/27/14		1		*		3.75	%	$	0			$	46	$	48
	Bursa Cab Corp/Note 1	Term Loan	03/23/01	09/10/23		1		*		6.00	%	$	0			$	48	$	48
	Central Hacking Corp	Term Loan	10/07/11	10/07/14		1		*		3.75	%	$	0			$	45	$	47
	Munchkin Transit Inc	Term Loan	03/23/11	12/08/15		1		*		3.60	%	$	0			$	44	$	46
	W Lol Trans Corp	Term Loan	03/23/11	12/08/15		1		*		3.60	%	$	0			$	44	$	46
	Tate Cab Corp	Term Loan	03/23/11	12/08/15		1		*		3.60	%	$	0			$	44	$	46
	Rus Cab Corp	Term Loan	03/23/11	12/08/15		1		*		3.60	%	$	0			$	44	$	46
	Angus Cab Corp	Term Loan	02/17/12	02/17/17		1		*		4.25	%	$	0	$	900	$	44	$	46
	Aleka Taxi Inc	Term Loan	02/17/12	02/17/17		1		*		4.25	%	$	0	$	900	$	44	$	46
	Light Cab Corp	Term Loan	02/17/12	02/17/17		1		*		4.25	%	$	0	$	900	$	44	$	46
	Ny Diploma Taxi Co	Term Loan	07/20/07	07/20/17		1		*		6.75	%	$	0			$	46	$	46
	W Sar Trans Corp	Term Loan	03/23/11	12/08/15		1		*		3.60	%	$	0			$	44	$	46
	Leka Transit Inc	Term Loan	03/23/11	12/08/15		1		*		3.60	%	$	0			$	44	$	46
	Specter Cab Corp	Term Loan	03/23/11	12/08/15		1		*		3.60	%	$	0			$	44	$	46
	Marg Cab Corp	Term Loan	03/23/11	12/08/15		1		*		3.60	%	$	0			$	44	$	46
	Calcium One Service Inc	Term Loan	02/23/07	02/23/17		1		*		2.36	%	$	0			$	43	$	43
	Bento Trans Corp/Mbnk	Term Loan	03/14/11	03/28/15		1		*		7.66	%	$	0			$	42	$	42
	Batch-Bootch Express Cab/Mbnk	Term Loan	03/14/11	03/28/15		1		*		7.26	%	$	0			$	42	$	42
	Niroosh Express Cab Corp/Mbnk	Term Loan	03/14/11	03/28/15		1		*		7.66	%	$	0			$	42	$	42
	Nili Trans Corp/Mbnk	Term Loan	03/14/11	03/28/15		1		*		7.66	%	$	0			$	42	$	42
	Sharon Express Cab C	Term Loan	03/14/11	03/28/15		1		*		7.26	%	$	0			$	42	$	42
	Nosea Taxi Llc	Term Loan	01/06/11	01/15/16		1		*		4.88	%	$	0			$	38	$	40
	Zahav Taxi Llc	Term Loan	12/23/10	12/15/15		1		*		4.88	%	$	0			$	37	$	39
	Ravinder Singh & M Multani/Mbk	Term Loan	06/02/11	06/02/14		1		*		10.43	%	$	0			$	39	$	39
	Humidity Hacking Corp	Term Loan	10/21/10	12/22/16		1		*		4.35	%	$	0			$	38	$	39
	Julia Rose Hacking Corp./Mbank	Term Loan	10/21/10	12/22/16		1		*		6.73	%	$	0			$	38	$	38
	Binh Pham ##	Term Loan	05/18/11	05/18/14		1		*		10.00	%	$	0			$	36	$	38
	Elias Taxi Inc	Term Loan	02/17/12	02/17/17		1		*		4.25	%	$	0	$	900	$	36	$	38
	Mercedes Hacking Corp	Term Loan	05/04/10	10/14/14		1		*		6.07	%	$	0			$	41	$	38
	Copper One Cab Corp	Term Loan	02/17/12	02/17/17		1		*		4.25	%	$	0	$	900	$	36	$	38
	Gold One Cab Corp	Term Loan	02/17/12	02/17/17		1		*		4.25	%	$	0	$	900	$	36	$	38
	Bursa Cab Corp/Note 2	Term Loan	03/23/01	09/10/23		1		*		6.00	%	$	0			$	38	$	38
	Oxford Cab Corp	Term Loan	03/20/12	03/20/15		1		*		4.13	%	$	0	$	1,350	$	35	$	37

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
	Jolene Cab Corp	Term Loan	02/17/12	02/17/17		1		*		4.25	%	$	0	$	900	$	35	$	37
	Agape-Mou Cab Corp	Term Loan	02/17/12	02/17/17		1		*		4.25	%	$	0	$	900	$	35	$	37
	Mbh Cab Corp	Term Loan	02/17/12	02/17/17		1		*		4.25	%	$	0	$	900	$	35	$	37
	Asterik Cab Co Inc	Term Loan	02/17/12	02/17/17		1		*		4.25	%	$	0	$	900	$	35	$	37
	Amr & Rina Taxi Inc ##	Term Loan	09/27/11	09/27/16		1		*		6.00	%	$	0			$	33	$	35
	Travis R Bazile & Jean Exinvil	Term Loan	10/06/10	10/06/13		1		*		7.58	%	$	0			$	35	$	34
	Claude Michael Lessage	Term Loan	06/10/11	06/10/14		1		*		8.71	%	$	0			$	34	$	34
	Sonia M Trivino	Term Loan	02/22/12	02/22/15		1		*		10.00	%	$	0	$	32	$	31	$	33
	Nestor R Trivino	Term Loan	02/22/12	02/22/15		1		*		10.00	%	$	0	$	32	$	31	$	33
	Neer Cab Corp/Mbnk	Term Loan	10/21/10	12/22/16		1		*		6.73	%	$	0			$	33	$	33
	Y.A.M. Associates Corp	Term Loan	11/14/11	05/14/14		1		*		6.00	%	$	0			$	30	$	32
	N&A Taxi Inc	Term Loan	01/11/11	01/15/16		1		*		4.88	%	$	0			$	30	$	32
	S&M Taxi Inc	Term Loan	01/11/11	01/15/16		1		*		4.88	%	$	0			$	30	$	32
	M.M.Y Taxi Inc	Term Loan	01/11/11	01/15/16		1		*		4.88	%	$	0			$	30	$	32
	Y Mati Taxi Inc	Term Loan	01/11/11	01/15/16		1		*		4.88	%	$	0			$	30	$	32
	Y Michal Taxi Inc	Term Loan	01/11/11	01/15/16		1		*		4.88	%	$	0			$	30	$	32
	Y Meir Taxi Inc	Term Loan	01/11/11	01/15/16		1		*		4.88	%	$	0			$	30	$	32
	Y Mike Taxi Inc	Term Loan	01/06/11	01/15/16		1		*		4.88	%	$	0			$	30	$	32
	Columbia Agami Cab Corp	Term Loan	05/25/11	06/01/14		1		*		4.00	%	$	0			$	27	$	29
	Atlas Agami Cab Corp	Term Loan	05/25/11	06/01/14		1		*		4.00	%	$	0			$	27	$	29
	Gerard G Tema	Term Loan	12/06/10	12/06/13		1		*		6.50	%	$	0			$	28	$	29
	Mohammed Abdu & H Hedru/Mbank	Term Loan	08/11/06	08/04/12		1		*		8.01	%	$	0			$	27	$	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
	Dominique Ismael	Term Loan	11/15/10	11/15/13		1		*		5.50	%	$	0			$	25	$	26
	Jaspal Singh/Mbank	Term Loan	10/27/10	10/27/13		1		*		7.00	%	$	0			$	25	$	25
	Trylon 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
	Pikada 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
	Opera 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
	Mry Taxi Inc	Term Loan	12/23/10	12/15/15		1		*		4.88	%	$	0			$	21	$	23
	Rigoberto Farciert/Mbank	Term Loan	04/08/10	04/08/13		1		*		5.25	%	$	0			$	23	$	23
	Tyme Cab Corp	Term Loan	04/04/06	04/15/14		1		*		4.50	%	$	0			$	22	$	22
	Guy Fouyolle ##	Term Loan	08/18/11	08/18/15		1		*		4.75	%	$	0			$	20	$	22
	Joseph Gerard Pierre	Term Loan	02/06/12	02/06/17		1		*		8.00	%	$	0	$	20	$	20	$	22
	Edward Weber	Term Loan	02/24/11	02/24/14		1		*		4.75	%	$	0			$	17	$	19
	West Express Cab Corp/Nt 2/Mbk	Term Loan	03/19/10	07/28/14		1		*		6.93	%	$	0			$	20	$	19
	Harpal S Bhola & Sukhdev Singh	Term Loan	07/24/09	07/23/12		1		*		6.00	%	$	0			$	19	$	19
	Seide Venord/Mbank	Term Loan	04/23/10	04/23/13		1		*		6.00	%	$	0			$	19	$	19
	Nobert Auguste	Term Loan	09/01/11	09/01/14		1		*		14.00	%	$	0			$	16	$	18
	Redouan Laghiti/Mbnk	Term Loan	12/05/08	08/26/16		1		*		8.32	%	$	0			$	18	$	18
	Abi Cab Corp	Term Loan	10/14/11	10/14/14		1		*		3.75	%	$	0			$	16	$	18
	Lakhbir Sing & Kuldi ##	Term Loan	08/17/98	12/01/12		1		*		6.85	%	$	0			$	17	$	17
	Strivers Way Inc	Term Loan	09/26/11	09/26/14		1		*		7.00	%	$	0			$	14	$	16
	Headway Transportation Inc	Term Loan	09/26/11	09/26/14		1		*		7.00	%	$	0			$	14	$	16
	Doreen Express Cab Corp/Mbank	Term Loan	03/22/10	03/22/20		1		*		5.75	%	$	0			$	16	$	15
	2 Brothers Cab Corp	Term Loan	10/14/11	10/14/14		1		*		3.75	%	$	0			$	12	$	14
	Jean M Venord/Mbank	Term Loan	02/11/10	02/10/13		1		*		6.13	%	$	0			$	15	$	14
	Humyoun Kabir/Mbank	Term Loan	08/18/10	08/16/13		1		*		6.17	%	$	0			$	14	$	12
	Erwich Chery	Term Loan	11/14/11	11/14/13		1		*		6.00	%	$	0			$	9	$	11
	Elias Cab Corp ##	Term Loan	04/14/08	04/14/12		1		*		5.25	%	$	0			$	7	$	7
	West Express Cab Corp/Nt 1/Mbk	Term Loan	03/19/10	07/28/14		1		*		6.87	%	$	0			$	6	$	6
	Wagon Service Corp	Term Loan	05/14/10	05/14/13		1		*		6.50	%	$	0			$	5	$	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			$	4	$	4
	Jorge R Sahad/Mbank	Term Loan	04/27/10	02/03/15		1		*		8.83	%	$	0			$	5	$	4
	Two Filoi Taxi Inc	Term Loan	01/15/04	01/15/14		1		*		5.75	%	$	0			$	3	$	3

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
Chicago						120		19	%		5.51	%	$	0	$	15,395	$	33,217	$	33,337
	Cozy Cab Et Al ##	Term Loan	12/22/11	12/22/14		1		2	%		5.50	%	$	0			$	3,426	$	3,421
	Sweetgrass Peach &Chadwick Cap ##	Term Loan	11/23/11	11/23/14		1		1	%		5.75	%	$	0			$	1,515	$	1,514
	Chicago Medallion One Llc ##	Term Loan	12/02/11	12/02/16		1		1	%		5.75	%	$	0			$	965	$	964
	Chicago Medallion Two Llc ##	Term Loan	12/02/11	12/02/16		1		1	%		5.75	%	$	0			$	965	$	964
	Chicago Medallion Three Llc ##	Term Loan	12/02/11	12/02/16		1		1	%		5.75	%	$	0			$	965	$	964
	Chicago Medallion Four Llc ##	Term Loan	12/02/11	12/02/16		1		1	%		5.75	%	$	0			$	965	$	964
	Hudson Cab Corp ##	Term Loan	03/27/12	03/27/15		1		1	%		4.50	%	$	0	$	900	$	900	$	902
	Deka Cab Corp (Chicago) ##	Term Loan	03/27/12	03/27/15		1		1	%		4.50	%	$	0	$	900	$	900	$	902
	Blue Eyes Cab Corp ##	Term Loan	08/02/11	08/02/14		1		*			5.75	%	$	0			$	857	$	856
	Lucky Seven Chicago One Inc ##	Term Loan	08/02/11	08/02/14		1		*			5.75	%	$	0			$	857	$	856
	Chicago Medallion Nine Llc ##	Term Loan	05/19/10	05/19/14		1		*			7.00	%	$	0			$	740	$	739
	Harriet C Inc ##	Term Loan	10/25/11	10/25/14		1		*			5.70	%	$	0			$	724	$	724
	Santorini Two Cab Corp ##	Term Loan	03/27/12	03/27/15		1		*			4.50	%	$	0	$	720	$	720	$	722
	Tribeca Three Cab Corp ##	Term Loan	03/27/12	03/27/15		1		*			4.50	%	$	0	$	720	$	720	$	722
	Santorini Five Cab Corp ##	Term Loan	03/27/12	03/27/15		1		*			4.50	%	$	0	$	720	$	720	$	722
	Santorini Six Cab Corp ##	Term Loan	03/27/12	03/27/15		1		*			4.50	%	$	0	$	720	$	720	$	722
	Tribeca Two Cab Corp ##	Term Loan	03/27/12	03/27/15		1		*			4.50	%	$	0	$	720	$	720	$	722
	Santorini Four Cab Corp ##	Term Loan	03/27/12	03/27/15		1		*			4.50	%	$	0	$	720	$	720	$	722
	Deka Three Cab Corp ##	Term Loan	03/27/12	03/27/15		1		*			4.50	%	$	0	$	720	$	720	$	722
	Stny Taxi Corp ##	Term Loan	03/27/12	03/27/15		1		*			4.50	%	$	0	$	720	$	720	$	722
	Mike Taxi Corp ##	Term Loan	02/24/11	02/24/14		1		*			5.50	%	$	0			$	524	$	525
	Natalia Taxi Corp ##	Term Loan	02/24/11	02/24/14		1		*			5.50	%	$	0			$	525	$	526
	Carol Of Illinois Enterprises ##	Term Loan	03/29/12	03/29/17		1		*			6.00	%	$	0	$	495	$	495	$	496
	M&N 5th Avenue Hacking Corp ##	Term Loan	02/24/11	02/24/14		1		*			5.50	%	$	0			$	469	$	470
	Tumblin Dice Taxi Inc	Term Loan	12/22/10	10/14/14		1		*			5.00	%	$	0			$	422	$	423
	Blue Valentine Cab Corp	Term Loan	12/22/10	10/14/14		1		*			5.00	%	$	0			$	422	$	423
	Moo Moo Cab Co ##	Term Loan	12/27/10	10/14/14		1		*			5.00	%	$	0			$	411	$	411
	Rahwa & Bros Cab Co ##	Term Loan	11/01/11	11/01/16		1		*			6.00	%	$	0			$	337	$	338
	Musanour Cab Inc ##	Term Loan	12/16/11	12/16/16		1		*			5.75	%	$	0			$	326	$	327
	Good Cab Corp/Mbank	Term Loan	03/27/12	03/27/15		1		*			4.73	%	$	0	$	296	$	296	$	296
	American Buffalo Cab Corp	Term Loan	12/22/10	10/14/14		1		*			5.00	%	$	0			$	281	$	282
	Valasia Cab Co ##	Term Loan	01/18/12	01/18/15		1		*			5.00	%	$	0	$	280	$	279	$	280
	Deka Two Cab Corp	Term Loan	03/27/12	03/27/15		1		*			4.74	%	$	0	$	280	$	280	$	280
	Lmb Taxi Iv Inc ##	Term Loan	02/24/11	02/24/14		1		*			5.50	%	$	0			$	269	$	270
	Lmb Taxi V Inc ##	Term Loan	02/24/11	02/24/14		1		*			5.50	%	$	0			$	269	$	270
	Chicago Medallion Seven Llc ##	Term Loan	04/29/05	05/05/13		1		*			7.00	%	$	0			$	270	$	269
	Chicago Seven Inc	Term Loan	08/03/11	08/03/14		1		*			5.75	%	$	0			$	260	$	261
	Showcase Sports Management Cor ##	Term Loan	01/22/10	01/22/13		1		*			6.00	%	$	0			$	236	$	235
	Jbl Express Ii Inc	Term Loan	11/04/11	11/04/15		1		*			5.75	%	$	0			$	186	$	188
	Michael Two Cab Corp ##	Term Loan	02/24/11	02/24/14		1		*			5.50	%	$	0			$	168	$	169
	Semhar Corp ##	Term Loan	01/31/12	01/31/17		1		*			6.00	%	$	0	$	165	$	164	$	165
	Tahoora Transportation Inc. ##	Term Loan	01/04/12	01/04/17		1		*			6.00	%	$	0	$	165	$	164	$	165
	Shere Corp ##	Term Loan	01/04/12	01/04/17		1		*			6.00	%	$	0	$	165	$	164	$	165
	Naneffe Inc ##	Term Loan	02/27/12	02/27/17		1		*			6.00	%	$	0	$	163	$	163	$	164
	Aniba Management & Services In ##	Term Loan	12/16/11	12/16/16		1		*			5.75	%	$	0			$	163	$	164
	Zeyrefda Inc	Term Loan	03/06/12	03/06/17		1		*			6.00	%	$	0	$	161	$	161	$	163
	Alex Z Cab Corp	Term Loan	12/01/11	12/01/16		1		*			6.00	%	$	0			$	157	$	159
	Tad Taxi Co	Term Loan	12/01/11	12/01/16		1		*			6.00	%	$	0			$	157	$	159
	Harris 6741 Inc	Term Loan	03/02/11	03/02/16		1		*			6.50	%	$	0			$	153	$	154
	Tasha Ride Inc	Term Loan	03/15/11	03/15/16		1		*			6.50	%	$	0			$	150	$	152
	Asmara Cab Company ##	Term Loan	12/01/11	12/01/16		1		*			6.00	%	$	0			$	148	$	149
	Asmara Inc	Term Loan	01/03/12	01/03/17		1		*			6.00	%	$	0	$	144	$	143	$	145
	Little Wing Cab Corp	Term Loan	04/15/11	10/14/14		1		*			5.00	%	$	0			$	142	$	143
	Lemlemu Inc	Term Loan	03/11/11	03/11/16		1		*			6.50	%	$	0			$	141	$	143
	Little Wing Cab Corp	Term Loan	12/22/10	10/14/14		1		*			5.00	%	$	0			$	141	$	142
	Ultra Investment Corp ##	Term Loan	03/22/11	03/22/16		1		*			6.50	%	$	0			$	136	$	137
	Tedom Inc	Term Loan	02/14/11	02/14/15		1		*			6.50	%	$	0			$	135	$	136
	Significant Trans Inc	Term Loan	03/15/11	03/15/16		1		*			6.75	%	$	0			$	133	$	134
	Yenemekoya Inc	Term Loan	03/15/12	03/15/17		1		*			6.00	%	$	0	$	130	$	130	$	132
	Jatt Inc	Term Loan	02/23/11	02/23/16		1		*			6.50	%	$	0			$	131	$	132
	Annabelle Cab Corporation ##	Term Loan	12/29/10	12/29/14		1		*			6.50	%	$	0			$	129	$	130

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
	Three Kids Corp	Term Loan	10/05/11	10/05/16		1			*		6.00	%	$	0			$	128	$	130
	Alem B Cab Inc ##	Term Loan	12/09/10	12/09/15		1			*		6.00	%	$	0			$	129	$	130
	Mekleteelsa Inc	Term Loan	01/27/11	01/27/15		1			*		6.50	%	$	0			$	129	$	130
	Bedford Cab Two Corp	Term Loan	07/30/10	08/01/13		1			*		5.75	%	$	0			$	126	$	127
	Imc Cab Corp	Term Loan	08/27/10	09/01/13		1			*		5.75	%	$	0			$	125	$	126
	Kayla Hacking Corp ##	Term Loan	02/24/11	02/24/14		1			*		5.50	%	$	0			$	125	$	126
	Interwoodex Inc ##	Term Loan	11/02/10	11/02/14		1			*		6.50	%	$	0			$	125	$	126
	Taxi For Less Inc	Term Loan	07/21/10	07/21/14		1			*		6.90	%	$	0			$	124	$	125
	Karbala Express Inc	Term Loan	08/02/10	08/02/15		1			*		7.00	%	$	0			$	124	$	125
	Alexandra School Cor ##	Term Loan	06/15/10	06/15/15		1			*		7.00	%	$	0			$	119	$	124
	Jpg Cab Corp	Term Loan	08/02/10	08/02/15		1			*		8.25	%	$	0			$	120	$	121
	M And L Taxi Corp	Term Loan	07/30/10	07/30/15		1			*		6.75	%	$	0			$	120	$	121
	Adi Express Inc	Term Loan	08/03/10	08/03/15		1			*		6.75	%	$	0			$	118	$	120
	Delina Cab Inc	Term Loan	12/21/10	12/21/15		1			*		6.00	%	$	0			$	118	$	120
	Pireas Taxi Corp ##	Term Loan	01/25/12	01/25/15		1			*		5.00	%	$	0	$	116	$	116	$	118
	Nour Enterprise Inc ##	Term Loan	03/10/10	03/10/14		1			*		7.75	%	$	0			$	113	$	114
	Measho Cab Corp	Term Loan	06/16/11	06/16/16		1			*		6.50	%	$	0			$	111	$	113
	Kale Trans Inc ##	Term Loan	09/23/10	09/23/15		1			*		6.00	%	$	0			$	110	$	111
	Santorini Cab Corp/Mbank	Term Loan	03/27/12	03/27/15		1			*		6.79	%	$	0	$	105	$	105	$	105
	Paik Cab Co	Term Loan	05/26/10	05/26/15		1			*		8.50	%	$	0			$	101	$	102
	Sny Cab Inc ##	Term Loan	12/14/11	12/14/16		1			*		6.00	%	$	0			$	97	$	99
	Mikhalia Cabs Nine Inc ##	Term Loan	02/24/11	02/24/14		1			*		5.50	%	$	0			$	94	$	95
	Tigray Cab Inc	Term Loan	12/03/10	12/03/15		1			*		6.50	%	$	0			$	91	$	93
	Nakfa Corp	Term Loan	07/30/10	07/30/13		1			*		6.50	%	$	0			$	90	$	91
	Addis Flower Taxi Cab Service	Term Loan	05/23/11	05/23/16		1			*		6.50	%	$	0			$	87	$	89
	Antar Trans Inc	Term Loan	02/23/11	02/23/16		1			*		6.50	%	$	0			$	73	$	74
	Tyrone Henderson	Term Loan	11/21/11	11/21/16		1			*		7.25	%	$	0			$	64	$	66
	New Flower Inc ##	Term Loan	12/13/10	12/13/15		1			*		6.50	%	$	0			$	55	$	56
	Haris Taxi Corp ##	Term Loan	01/11/12	01/11/17		1			*		6.00	%	$	0	$	55	$	54	$	56
	Any Cab Corp	Term Loan	03/27/12	03/27/15		1			*		4.50	%	$	0	$	1,062	$	53	$	55
	Tribeca Cab Corp/Mbank	Term Loan	03/27/12	03/27/15		1			*		6.83	%	$	0	$	48	$	48	$	48
	Big City Taxi Corp/Mbank	Term Loan	03/27/12	03/27/15		1			*		6.83	%	$	0	$	48	$	48	$	48
	Oia Cab Corp	Term Loan	03/27/12	03/27/15		1			*		4.50	%	$	0	$	890	$	45	$	47
	N And M Valdof Hacking Corp	Term Loan	02/24/11	02/24/14		1			*		5.50	%	$	0			$	45	$	46
	Natasha Transportation Inc	Term Loan	02/24/11	02/24/14		1			*		5.50	%	$	0			$	41	$	42
	Chicago Jacal Hacking Corp	Term Loan	02/24/11	02/24/14		1			*		5.50	%	$	0			$	41	$	42
	Laight Taxi Corp	Term Loan	03/27/12	03/27/15		1	��		*		4.50	%	$	0	$	712	$	36	$	38
	Madison Cab Corp	Term Loan	03/27/12	03/27/15		1			*		4.50	%	$	0	$	712	$	36	$	38
	Santorini Three Cab Corp/Mbank	Term Loan	03/27/12	03/27/15		1			*		6.79	%	$	0	$	30	$	30	$	30
	Greenwich Cab Corp	Term Loan	03/27/12	03/27/15		1			*		4.50	%	$	0	$	531	$	27	$	29
	Deal Cab Inc/Mbank	Term Loan	12/29/10	10/14/14		1			*		7.47	%	$	0			$	27	$	27
	Baby Blue Cab Corp/Mbank	Term Loan	12/29/10	10/14/14		1			*		7.47	%	$	0			$	27	$	27
	Mai Sheka Inc	Term Loan	06/27/11	06/27/16		1			*		6.50	%	$	0			$	23	$	25
	Chicago Jacal Hacking Ii Corp	Term Loan	02/24/11	02/24/14		1			*		5.50	%	$	0			$	23	$	24
	Bks Hacking Chicago Corp	Term Loan	02/24/11	02/24/14		1			*		5.50	%	$	0			$	21	$	22
	Mike Nat Hacking Chicago Corp	Term Loan	02/24/11	02/24/14		1			*		5.50	%	$	0			$	21	$	22
	Musanour Cab Inc	Term Loan	03/15/12	03/15/15		1			*		5.75	%	$	0	$	20	$	20	$	22
	Any Cab Two Corp	Term Loan	03/27/12	03/27/15		1			*		4.50	%	$	0	$	354	$	18	$	20
	St Petersburg Taxi Llc	Term Loan	03/27/12	03/27/15		1			*		4.50	%	$	0	$	354	$	18	$	20
	Franklin Taxi Llc	Term Loan	03/27/12	03/27/15		1			*		4.50	%	$	0	$	354	$	18	$	20
	Brilon One Cab Corp	Term Loan	02/24/11	02/24/14		1			*		5.50	%	$	0			$	19	$	20
	Loni’s Two Cab Corp	Term Loan	02/24/11	02/24/14		1			*		5.50	%	$	0			$	19	$	20
	Midnight Moonlight Taxi Inc/Mb	Term Loan	12/28/10	10/14/14		1			*		7.47	%	$	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			$	7	$	8
	Moses J Frank ##	Term Loan	08/19/08	08/15/12		1			*		8.00	%	$	0			$	7	$	7
	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
	Saleem Inc & Jeff Cab Co ##	Term Loan	10/17/08	10/15/13		1			*		8.50	%	$	0			$	2	$	2

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
Newark						100		10	%		7.20	%	$	0		$	1,624	$	16,848	$	16,934
	085 Force Llc	Term Loan	02/17/11	02/17/15		1		*			7.00	%	$	0				$	255	$	257
	Rachel Llc	Term Loan	04/14/11	04/14/15		1		*			7.50	%	$	0				$	254	$	256
	R And B Taxi Company	Term Loan	01/15/10	01/14/14		1		*			7.00	%	$	0				$	255	$	255
	Lesly Jeanjoseph	Term Loan	01/09/09	01/08/13		1		*			7.50	%	$	0				$	254	$	254
	Serge Garcon ##	Term Loan	02/16/12	02/16/16		1		*			6.00	%	$	0		$	250	$	249	$	250
	Grec Taxi Corp	Term Loan	12/08/11	12/08/15		1		*			6.00	%	$	0				$	248	$	250
	Mido Taxi Inc ##	Term Loan	12/04/08	12/04/12		1		*			7.50	%	$	0				$	250	$	249
	Josh & Becka Taxi Inc	Term Loan	01/15/10	01/15/13		1		*			7.25	%	$	0				$	245	$	245
	Wilner Novaly	Term Loan	08/12/10	07/22/14		1		*			7.50	%	$	0				$	244	$	245
	M.K. Taxi Inc	Term Loan	04/14/11	04/14/15		1		*			6.75	%	$	0				$	243	$	245
	P.C. Taxi Corp ##	Term Loan	10/07/10	10/07/14		1		*			7.50	%	$	0				$	242	$	243
	Abraham Taxi #1 Corp	Term Loan	12/08/11	12/08/21		1		*			6.00	%	$	0				$	240	$	242
	Levangile Milcent	Term Loan	02/16/12	02/16/15		1		*			5.75	%	$	0		$	240	$	240	$	242
	Romise Fils-Aime	Term Loan	06/10/10	06/10/14		1		*			7.50	%	$	0				$	240	$	241
	Jean Milo Saintus ##	Term Loan	02/16/12	02/16/16		1		*			6.00	%	$	0		$	239	$	239	$	240
	Ekny Fils-Aime ##	Term Loan	10/17/11	10/17/16		1		*			6.25	%	$	0				$	237	$	239
	S.J.L.T Joujean Inc	Term Loan	03/15/12	03/15/16		1		*			6.00	%	$	0		$	232	$	232	$	234
	Semsema Trans Corporation	Term Loan	06/11/09	06/09/12		1		*			7.25	%	$	0				$	233	$	233
	Lagrande Taxi Corp	Term Loan	12/11/09	12/03/13		1		*			7.50	%	$	0				$	228	$	229
	Jacob Joseph ##	Term Loan	04/02/09	04/02/13		1		*			8.50	%	$	0				$	225	$	225
	Cmgv #2 Taxi Inc	Term Loan	09/16/10	09/16/14		1		*			7.50	%	$	0				$	223	$	224
	Maitre Joa Llc	Term Loan	08/04/11	08/04/15		1		*			7.50	%	$	0				$	224	$	224
	Dern #2 Taxi Inc	Term Loan	09/16/10	09/16/14		1		*			7.50	%	$	0				$	223	$	224
	One At A Time Time Transport I	Term Loan	06/10/10	06/10/13		1		*			6.00	%	$	0				$	222	$	223
	Carvin Taxi Inc	Term Loan	04/14/11	04/14/15		1		*			7.00	%	$	0				$	220	$	222
	Hg & Zg Corporation	Term Loan	09/17/09	09/17/12		1		*			7.25	%	$	0				$	222	$	222
	Joseph Duverneau ##	Term Loan	02/17/11	02/17/15		1		*			7.00	%	$	0				$	219	$	220
	Erick Fleuridor ##	Term Loan	08/07/08	08/07/12		1		*			8.75	%	$	0				$	220	$	219
	Joseph And Jamar Inc ##	Term Loan	10/07/10	10/07/14		1		*			7.50	%	$	0				$	216	$	217
	Jean Dalcy ##	Term Loan	05/12/11	05/12/14		1		*			7.00	%	$	0				$	216	$	217
	Marcillino Corp ##	Term Loan	09/04/08	09/04/13		1		*			7.50	%	$	0				$	216	$	216
	Fils Julien ##	Term Loan	09/03/09	09/03/13		1		*			7.50	%	$	0				$	212	$	212
	Stany Inc	Term Loan	05/12/11	05/12/15		1		*			6.75	%	$	0				$	210	$	212
	Gerard Revolus	Term Loan	05/15/08	04/30/12		1		*			7.75	%	$	0				$	210	$	210
	Luckner Etienne ##	Term Loan	02/05/09	02/13/13		1		*			7.25	%	$	0				$	209	$	209
	Alix Exavier ##	Term Loan	04/02/09	04/02/13		1		*			7.50	%	$	0				$	206	$	205
	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				$	201	$	202
	Herve Dameus & James Dameus ##	Term Loan	01/25/11	01/20/15		1		*			7.50	%	$	0				$	197	$	198
	Thomas Lahens ##	Term Loan	06/09/11	06/09/15		1		*			6.75	%	$	0				$	198	$	198
	Zoune Taxi #2 Inc ##	Term Loan	10/12/11	10/06/16		1		*			7.50	%	$	0				$	196	$	198
	Matias Paul ##	Term Loan	05/12/11	05/12/15		1		*			6.75	%	$	0				$	196	$	197
	Daniel Charles 2nd	Term Loan	12/30/09	12/30/13		1		*			8.00	%	$	0				$	196	$	195
	Mfc Taxi Corp ##	Term Loan	09/20/11	09/19/16		1		*			6.50	%	$	0				$	194	$	195
	Chell 11 Corp	Term Loan	08/12/10	08/05/14		1		*			7.00	%	$	0				$	192	$	193
	Jodieu Taxi Inc	Term Loan	09/17/09	09/17/13		1		*			8.50	%	$	0				$	192	$	192
	Micheline Luxeus ##	Term Loan	01/08/09	01/08/13		1		*			7.50	%	$	0				$	192	$	192
	Robert Pierre-Louis ##	Term Loan	04/09/10	04/09/14		1		*			8.00	%	$	0				$	186	$	187
	Robert Pierre-Louis ##	Term Loan	04/09/10	04/09/14		1		*			8.00	%	$	0				$	186	$	187
	Sergo Xavier Previlon ##	Term Loan	10/15/09	10/15/13		1		*			7.50	%	$	0				$	187	$	186
	Marie Jeanne Philemon	Term Loan	07/07/11	07/07/15		1		*			6.50	%	$	0				$	182	$	184
	Just 8 Taxi #2 Inc ##	Term Loan	09/20/11	09/19/15		1		*			6.00	%	$	0				$	182	$	184
	Erick Fleuridor	Term Loan	12/15/09	12/02/13		1		*			7.75	%	$	0				$	177	$	178
	Bidon Taxi Inc	Term Loan	08/04/11	08/04/15		1		*			6.50	%	$	0				$	174	$	176
	Cassandra & Joseph Sejour Inc	Term Loan	04/09/10	04/09/14		1		*			7.75	%	$	0	��			$	175	$	176
	Adieula Figaro ##	Term Loan	10/06/11	10/06/15		1		*			6.00	%	$	0				$	173	$	175
	Saintilia Charles ##	Term Loan	09/13/10	09/13/14		1		*			7.50	%	$	0				$	174	$	174
	Simone Francois ##	Term Loan	05/06/11	05/06/15		1		*			7.75	%	$	0				$	172	$	173
	Sonson Taxi Inc	Term Loan	04/09/10	04/09/14		1		*			7.75	%	$	0				$	168	$	169
	Jeannot Louis	Term Loan	06/11/09	06/11/13		1		*			7.00	%	$	0				$	168	$	168
	Charata Taxi Inc	Term Loan	04/09/10	04/09/14		1		*			7.75	%	$	0				$	164	$	165

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
	Antoines Dortin ##	Term Loan	08/12/10	08/12/14		1		*			7.50	%	$	0			$	159	$	160
	Ahmad Taxi Inc	Term Loan	06/09/11	06/09/16		1		*			6.75	%	$	0			$	158	$	160
	0127 Incorporated ##	Term Loan	08/07/08	08/07/12		1		*			8.00	%	$	0			$	156	$	156
	424 Taxi Llc	Term Loan	01/20/12	01/20/17		1		*			7.00	%	$	0	$	155	$	154	$	156
	Mebele Pierre ##	Term Loan	10/07/10	10/07/14		1		*			7.25	%	$	0			$	153	$	154
	Forward Taxi Corp	Term Loan	03/15/12	03/15/17		1		*			6.00	%	$	0	$	150	$	150	$	152
	Charles Agesilas ##	Term Loan	07/10/09	07/10/14		1		*			7.50	%	$	0			$	151	$	151
	Yves Frantz Philemon	Term Loan	01/20/11	01/20/15		1		*			7.50	%	$	0			$	140	$	142
	Renelus Dieujuste ##	Term Loan	12/03/09	12/03/13		1		*			7.50	%	$	0			$	139	$	139
	Three Sons 2 Taxi Inc	Term Loan	10/15/09	10/15/15		1		*			8.00	%	$	0			$	138	$	139
	Jovin Taxi Inc ##	Term Loan	03/09/09	03/09/13		1		*			7.50	%	$	0			$	138	$	138
	E-Z-4-U Inc	Term Loan	01/19/12	01/19/16		1		*			6.00	%	$	0	$	139	$	136	$	138
	Bettie Jean	Term Loan	10/11/07	10/11/12		1		*			8.75	%	$	0			$	137	$	137
	Alhayat Taxi Inc	Term Loan	07/07/11	07/07/15		1		*			7.25	%	$	0			$	135	$	137
	Lucita Dorely	Term Loan	10/16/09	10/15/13		1		*			8.50	%	$	0			$	132	$	133
	Louibert Julien	Term Loan	06/19/09	06/19/14		1		*			7.00	%	$	0			$	132	$	133
	Olga Morales	Term Loan	03/15/12	03/15/16		1		*			6.00	%	$	0	$	126	$	126	$	128
	Amilcar Prophete	Term Loan	04/02/09	04/02/13		1		*			7.50	%	$	0			$	127	$	127
	Don Taxi Corp ##	Term Loan	09/02/10	09/02/14		1		*			7.50	%	$	0			$	110	$	111
	Saintvill #2 Taxi Corp	Term Loan	12/14/09	12/03/13		1		*			7.50	%	$	0			$	104	$	105
	Gerald Jean-Louis ##	Term Loan	04/02/09	04/02/13		1		*			8.50	%	$	0			$	97	$	97
	Praise The Lord Taxi Inc	Term Loan	05/20/11	05/20/15		1		*			6.75	%	$	0			$	92	$	94
	Pierre Sterling	Term Loan	01/19/12	01/19/17		1		*			6.00	%	$	0	$	93	$	90	$	92
	Pegy Taxi Corp	Term Loan	02/17/11	02/17/17		1		*			6.50	%	$	0			$	90	$	92
	Clameus Estimable	Term Loan	05/06/10	05/06/14		1		*			7.50	%	$	0			$	91	$	92
	Gethsemane Inc	Term Loan	02/27/09	02/27/14		1		*			7.68	%	$	0			$	90	$	90
	Mr Clean Sdam Taxi Llc	Term Loan	06/09/11	06/09/15		1		*			6.75	%	$	0			$	84	$	86
	Webert Joseph	Term Loan	02/17/11	02/17/17		1		*			6.50	%	$	0			$	74	$	76
	Jean Belony	Term Loan	06/09/11	06/09/16		1		*			6.50	%	$	0			$	67	$	69
	100 Taxi #2 Corp	Term Loan	07/25/08	07/25/15		1		*			8.00	%	$	0			$	64	$	65
	Abanob Trans Inc	Term Loan	06/14/07	06/14/14		1		*			8.00	%	$	0			$	50	$	50
	Saeiid Llc	Term Loan	09/06/11	09/06/16		1		*			6.25	%	$	0			$	43	$	45
	Marie T #2 Taxi Corp	Term Loan	12/07/06	12/07/13		1		*			8.00	%	$	0			$	41	$	41
	Marie C Taxi Inc	Term Loan	04/12/07	04/12/14		1		*			8.00	%	$	0			$	32	$	32
	Tchacito #2 Taxi Corp	Term Loan	12/07/06	12/07/13		1		*			8.00	%	$	0			$	31	$	31
	Graciela Carbajal	Term Loan	05/10/07	05/10/14		1		*			8.00	%	$	0			$	31	$	31
	Two Mens Taxi Inc	Term Loan	09/20/00	09/29/13		1		*			8.25	%	$	0			$	25	$	25
	Akwaaba Taxi Inc	Term Loan	09/04/08	09/04/12		1		*			7.50	%	$	0			$	19	$	19
	Michel Ulysse	Term Loan	04/06/00	11/01/12		1		*			8.50	%	$	0			$	16	$	16
Boston						54		9	%		6.49	%	$	0	$	1,516	$	15,097	$	15,131
	Chidi Trans Inc ##	Term Loan	11/17/11	11/17/14		1		*			6.00	%	$	0			$	715	$	715
	Chidi Trans Inc ##	Term Loan	07/24/08	07/24/13		1		*			7.00	%	$	0			$	558	$	557
	Arinze Trans Inc	Term Loan	02/05/10	02/05/13		1		*			7.25	%	$	0			$	625	$	625
	Chiso Trans Inc	Term Loan	11/30/09	11/30/13		1		*			7.25	%	$	0			$	565	$	566
	Chiso Trans Inc	Term Loan	07/24/08	07/24/13		1		*			7.00	%	$	0			$	559	$	559
	Arinze Trans Inc ##	Term Loan	07/24/08	07/24/13		1		*			7.00	%	$	0			$	558	$	557
	Johnson Holdings Inc ##	Term Loan	07/24/08	07/24/13		1		*			7.00	%	$	0			$	555	$	554
	Mansour Cab Co Inc ##	Term Loan	01/14/11	01/14/14		1		*			6.25	%	$	0			$	547	$	547
	Memory Cab Company Inc ##	Term Loan	01/14/11	01/14/14		1		*			6.25	%	$	0			$	544	$	544
	Gabriel Trans Holdings Inc	Term Loan	11/30/09	11/30/13		1		*			7.25	%	$	0			$	472	$	473
	Jason Cab Inc	Term Loan	03/02/12	03/02/15		1		*			7.75	%	$	0	$	475	$	410	$	412
	P&P Dumerant Corp	Term Loan	10/28/11	10/28/14		1		*			7.00	%	$	0			$	383	$	385
	Odat Taxi, Inc.	Term Loan	01/12/11	01/12/14		1		*			6.75	%	$	0			$	366	$	367
	Jmf Cab Inc ##	Term Loan	03/27/12	03/27/15		1		*			5.70	%	$	0	$	360	$	360	$	362
	Myra Inc	Term Loan	11/10/11	11/10/14		1		*			7.50	%	$	0			$	353	$	354
	H And H Taxi Inc ##	Term Loan	11/17/11	11/17/14		1		*			6.00	%	$	0			$	349	$	350
	Saint Inc	Term Loan	11/10/11	11/10/14		1		*			7.50	%	$	0			$	349	$	350
	God Is Good Inc ##	Term Loan	02/24/12	02/24/15		1		*			5.25	%	$	0	$	346	$	345	$	346
	Jv Taxi Inc	Term Loan	11/23/10	11/23/13		1		*			6.50	%	$	0			$	334	$	335
	Shemarjamalie Cab Inc	Term Loan	02/17/12	02/17/15		1		*			6.15	%	$	0	$	335	$	330	$	332

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
	Ngozi Trans Inc. ##	Term Loan	04/22/11	04/22/14		1		*			6.25	%	$	0			$	329	$	330
	Andrelina & Suzie Cab Inc	Term Loan	08/17/10	08/17/13		1		*			7.13	%	$	0			$	319	$	320
	Djbell Love Inc ##	Term Loan	08/05/11	08/05/14		1		*			6.00	%	$	0			$	313	$	314
	Jesus Denis Cab Inc ##	Term Loan	09/24/10	09/24/13		1		*			6.25	%	$	0			$	310	$	311
	Sasun Cab Inc	Term Loan	02/26/10	08/26/13		1		*			7.25	%	$	0			$	300	$	301
	Jre Taxi Inc ##	Term Loan	08/26/11	08/26/14		1		*			6.00	%	$	0			$	297	$	298
	Urzal Taxi Inc ##	Term Loan	11/05/10	11/05/13		1		*			6.00	%	$	0			$	290	$	291
	Amitaf Cab Inc ##	Term Loan	09/24/10	09/24/13		1		*			6.25	%	$	0			$	289	$	290
	Louine Cab Inc	Term Loan	02/06/09	02/06/13		1		*			7.50	%	$	0			$	282	$	282
	Ngozi Trans Inc. ##	Term Loan	10/14/11	10/14/14		1		*			6.00	%	$	0			$	268	$	269
	Phatricksey Cab Inc ##	Term Loan	07/14/11	07/14/14		1		*			5.50	%	$	0			$	268	$	269
	Chardon Taxi Inc	Term Loan	10/20/11	10/20/14		1		*			6.75	%	$	0			$	261	$	263
	Agla, Inc. ##	Term Loan	04/11/08	04/11/13		1		*			3.50	%	$	0			$	234	$	234
	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
	Belmontagne Inc ##	Term Loan	05/02/08	05/02/13		1		*			6.50	%	$	0			$	206	$	206
	Ngozi Trans Inc. ##	Term Loan	06/20/08	06/20/13		1		*			7.00	%	$	0			$	203	$	203
	Stanley & Rachelle Cab Inc	Term Loan	05/23/11	05/23/14		1		*			6.00	%	$	0			$	183	$	185
	Dabola Cab Inc ##	Term Loan	11/10/11	11/10/14		1		*			5.50	%	$	0			$	183	$	185
	Mwinkteana Cab Inc ##	Term Loan	05/10/11	05/10/14		1		*			6.00	%	$	0			$	165	$	166
	Chiso Trans Inc Et Al	Term Loan	12/23/10	12/23/13		1		*			7.25	%	$	0			$	117	$	118
	Gabriel Trans Holdings Et Al	Term Loan	07/11/11	07/11/16		1		*			6.50	%	$	0			$	80	$	82
	Family Trans Inc	Term Loan	03/20/09	03/20/13		1		*			7.25	%	$	0			$	78	$	78
	Johnson Holdings Inc	Term Loan	10/01/10	10/01/15		1		*			6.63	%	$	0			$	56	$	57
	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	$	45
	Sarhad Coach Inc	Term Loan	05/23/08	05/23/13		1		*			7.00	%	$	0			$	43	$	43
	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			$	29	$	29
	Sasun Cab Inc	Term Loan	04/01/11	04/01/16		1		*			6.63	%	$	0			$	25	$	27
	Marthine Cab Inc	Term Loan	09/17/10	09/17/14		1		*			6.25	%	$	0			$	23	$	24
	Dadou Cab Inc/Mbank	Term Loan	01/12/11	01/12/14		1		*			9.66	%	$	0			$	20	$	20
	Theo Cab Inc/Mbank	Term Loan	01/12/11	01/12/14		1		*			9.66	%	$	0			$	20	$	20
	O.M. Taxi Inc/Mbank	Term Loan	05/14/10	05/14/13		1		*			8.00	%	$	0			$	18	$	17
Cambridge		Term loan				22		4	%		6.57	%	$	0	$	296	$	6,433	$	6,443
	Gcf Taxi Inc ##	Term Loan	10/08/10	10/08/13		1		*			6.60	%	$	0			$	698	$	697
	Gcf Taxi Inc, Et Al/B Note	Term Loan	11/18/10	11/18/20		1		*			6.25	%	$	0			$	559	$	561
	Mgf Taxi Inc	Term Loan	05/06/11	05/06/14		1		*			6.50	%	$	0			$	383	$	385
	Hope-Lynn Cabworks Inc ##	Term Loan	04/01/11	04/01/14		1		*			6.00	%	$	0			$	371	$	372
	Keep It Cool Inc ##	Term Loan	03/31/11	03/31/14		1		*			6.00	%	$	0			$	342	$	343
	Desdunes Cab Inc	Term Loan	08/13/10	08/13/13		1		*			6.38	%	$	0			$	336	$	337
	Drumman Trans Inc	Term Loan	03/28/08	03/28/13		1		*			7.13	%	$	0			$	336	$	336
	Patrick Cab Inc	Term Loan	12/15/09	12/15/12		1		*			6.95	%	$	0			$	336	$	336
	Andrew Cab Inc	Term Loan	12/15/09	12/15/12		1		*			6.95	%	$	0			$	333	$	333
	Delivrance Cab Inc ##	Term Loan	10/21/09	10/21/12		1		*			7.50	%	$	0			$	318	$	317
	Legend Trans Inc	Term Loan	01/29/10	07/29/13		1		*			7.40	%	$	0			$	316	$	316
	Sam Taxi Inc	Term Loan	03/19/10	03/10/13		1		*			6.50	%	$	0			$	314	$	315
	Walger Inc	Term Loan	01/26/12	01/26/15		1		*			5.50	%	$	0	$	296	$	296	$	298
	Sabine Cab Inc ##	Term Loan	11/23/11	11/23/14		1		*			5.50	%	$	0			$	285	$	286
	Jablem Cab Inc ##	Term Loan	05/17/10	05/17/13		1		*			6.25	%	$	0			$	277	$	277
	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			$	241	$	241
	Randah Cab Inc ##	Term Loan	11/15/10	11/15/13		1		*			5.75	%	$	0			$	218	$	219
	Taxi Technology Inc ##	Term Loan	01/30/09	01/30/13		1		*			7.75	%	$	0			$	116	$	116
	Viel Cab Inc/Mbank	Term Loan	02/19/10	02/19/13		1		*			9.22	%	$	0			$	47	$	47
	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	03/19/15		1		*			8.48	%	$	0			$	17	$	17

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
Other							20		2	%		6.46	%	$	0	$	224	$	4,186	$	4,195
		Dorit Matityahu ##	Term Loan	08/04/11	08/04/14		1		1	%		6.25	%	$	0			$	2,175	$	2,172
		Sephardic Taxi Llc ##	Term Loan	01/20/11	01/20/14		1		*			5.43	%	$	0			$	466	$	466
		Brasil Taxi Llc ##	Term Loan	10/20/10	10/19/13		1		*			5.43	%	$	0			$	433	$	433
		Tjp Inc ##	Term Loan	01/09/12	01/09/15		1		*			6.00	%	$	0	$	224	$	224	$	225
		Hantin Trans/Aventura Taxi	Term Loan	06/16/10	06/16/17		1		*			8.25	%	$	0			$	163	$	165
		Cristal Cab Co	Term Loan	05/23/11	05/23/15		1		*			6.50	%	$	0			$	142	$	144
		Zelalem S. Alemu	Term Loan	04/28/08	04/28/13		1		*			11.00	%	$	0			$	125	$	125
		Wiljean Marcelin	Term Loan	11/17/10	12/01/15		1		*			8.25	%	$	0			$	106	$	108
		Getrot Michel	Term Loan	03/07/08	03/23/14		1		*			7.75	%	$	0			$	91	$	91
		Elzira & Luc Cab Inc.	Term Loan	08/17/10	08/17/13		1		*			8.25	%	$	0			$	50	$	51
		Hantin Transportation Inc	Term Loan	09/22/11	10/01/12		1		*			8.25	%	$	0			$	47	$	49
		Elysse Corporation	Term Loan	09/10/10	03/10/18		1		*			8.25	%	$	0			$	33	$	35
		Morocco Taxi Llc/Mbank	Term Loan	12/21/10	12/20/13		1		*			6.38	%	$	0			$	23	$	23
		Congo Taxi Llc/Mbank	Term Loan	02/10/11	02/10/14		1		*			6.38	%	$	0			$	23	$	23
		Kenya Taxi Llc/Mbank	Term Loan	02/10/11	02/10/14		1		*			6.38	%	$	0			$	22	$	22
		Oddy Transportation Services I	Term Loan	11/26/07	11/27/14		1		*			8.00	%	$	0			$	19	$	19
		Spsa-1 Inc; Saps-2 Inc; Psas	Term Loan	10/15/04	10/13/12		1		*			7.50	%	$	0			$	19	$	19
		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 ($231,655 pledged as collateral under borrowing arrangements)							800		167	%		4.97	%	$	0	$	46,442	$	290,639	$	291,025
Commercial Loans
Secured mezzanine(18% Minnesota, 16% Florida, 14% Oklahoma, 9% North Carolina,
7% Deleware, 7% California, 7% New York, 7% Wisconsin and 15% all other states)(2)
Accommodation and Food Services (3% of the total)		Javier & David	Term loan	11/05/10	11/05/15		1		*			9.25	%	$	0			$	624	$	619
		Star &	Term loan	06/30/00	10/01/15		1		*			10.00	%	$	0			$	1,376	$	411
		Multiconcepts &	Term loan	06/30/00	10/01/15		1		*			10.00	%	$	337			$	1,419	$	339
Administrative and Support Services (5% of the total)	+	Staff One & (interest rate includes PIK interest of 13%)	Term loan	06/30/08	12/31/13		1		1	%		13.00	%	$	0			$	3,306	$	1,851
	+	Staff One & (interest rate includes PIK interest of 13%)	Term loan	09/15/11	12/31/13		1		*			13.00	%	$	0			$	100	$	100
		Ecological Systems (ESI) & (interest rate includes PIK interest of 9%)	Term loan	01/14/05	Matured		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	%	$	435			$	3,475	$	3,475
Health Care and Social Assistance (3% of the total)	+	Will Vision &	Term loan	06/28/07	06/30/17		1		1	%		7.00	%	$	0			$	1,351	$	1,051
Manufacturing (69% of the total)	+	Reel Power	Term loan	12/31/09	02/04/14		1		2	%		14.00	%	$	86			$	3,586	$	3,586
		Motion Tech (interest rate includes PIK interest of 6%)	Term loan	12/23/10	12/23/15		1		2	%		18.00	%	$	237			$	3,237	$	3,242
		Imperial Plastics (interest rate includes PIK interest of 3%)	Term loan	12/15/11	12/31/16		1		2	%		15.00	%	$	25			$	2,825	$	2,843
		Process Fab & (interest rate includes PIK interest of 8%)	Term loan	04/17/08	12/31/15		1		2	%		8.00	%	$	0			$	4,500	$	2,810
		Quaker Bakery (interest rate includes PIK interest of 5%)	Term loan	03/28/12	03/28/17		1		1	%		17.00	%	$	0	$	2,600	$	2,600	$	2,587
	+	PACA Foods	Term loan	12/31/10	12/31/15		1		1	%		12.00	%	$	0			$	1,500	$	1,500
	+	PACA Foods	Term loan	12/31/10	12/31/15		1		*			14.00	%	$	0			$	1,426	$	823
	+	Packaging Specialists (interest rate includes PIK interest of 6%)	Term loan	04/01/08	04/01/13		1		1	%		14.00	%	$	224			$	2,214	$	2,214
		Aeration & (interest rate includes PIK interest of 6%)	Term loan	12/31/10	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	%	$	92			$	2,092	$	2,092
		Orchard &	Term loan	03/10/99	Matured		1		1	%		13.00	%	$	0			$	1,390	$	1,390
	+	Waltek &	Term loan	03/31/06	03/31/13		1		1	%		12.00	%	$	125			$	1,097	$	1,097
	+	Door Engineering	Term loan	12/15/04	12/15/12		1		*			13.00	%	$	0			$	640	$	637
Professional, Scientific, and Technical Services (0% of the total)		McCaully &	Term loan	10/26/11	11/01/14		1		*			10.00	%	$	131			$	131	$	131
Retail Trade (1% of the total)		Retail &	Term loan	06/30/00	10/01/15		1		*			10.00	%	$	110			$	718	$	342
Wholesale Trade (10% of the total)		Twin-Star (interest rate includes PIK interest of 1%)	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		*			14.00	%	$	0			$	2,484	$	101
Total secured mezzanine(2)							25		23	%		13.61	%	$	2,158	$	2,600	$	53,577	$	39,431
Asset-based (64% New York, 25% New Jersey, and 11% all other states)
Accommodation and Food Services (2% of the total)		Flaum Appetizing Corp.	Revolving line of credit	04/27/11	04/27/12		1		*			6.00	%	$	0	$	0	$	156	$	158
Administrative and Support Services (3% of the total)		HHCNY, Inc.	Revolving line of credit	06/22/04	06/22/12		1		*			5.75	%	$	0	$	0	$	278	$	271

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
	Raritan Building Service Corp	Revolving line of credit	06/30/07	06/30/12		1		*			5.50	%	$	0			$	2	$	2
Construction (3% of the total)	Triple A. Supplies, Inc. ##	Revolving line of credit	07/20/99	07/20/12		1		*			5.75	%	$	0			$	180	$	177
	Basic / Dritac	Revolving line of credit	06/29/99	06/29/12		1		*			6.00	%	$	0			$	98	$	97
Finance and Insurance (8% of the total)	Merchant Advance, LLC	Revolving line of credit	10/25/05	10/25/12		1		*			6.25	%	$	0			$	250	$	244
	US Military	Revolving line of credit	07/25/07	07/25/12		1		*			4.25	%	$	0			$	160	$	153
	Special Financing Company, LLC	Revolving line of credit	02/06/02	02/06/13		1		*			8.25	%	$	0			$	100	$	98
	United First Federal Corp.	Revolving line of credit	08/04/03	08/04/12		1		*			7.75	%	$	0			$	92	$	91
	RAS Group, Inc.	Revolving line of credit	02/14/08	02/14/13		1		*			5.50	%	$	0			$	91	$	80
	North Shore Leasing & Funding	Revolving line of credit	11/10/11	11/10/12		1		*			8.25	%	$	0			$	47	$	41
Health Care and Social Assistance (0% of the total)	Heart to Heart Home Care ##	Revolving line of credit	10/02/07	10/02/12		1		*			5.75	%	$	0			$	18	$	9
Manufacturing (10% of the total)	Summit Steel & Manufacturing	Revolving line of credit	08/01/08	08/01/12		1		*			5.50	%	$	0			$	307	$	299
	Danbury Pharma, LLC	Revolving line of credit	05/06/11	05/06/12		1		*			7.00	%	$	0			$	150	$	152
	Absecon Mills, Inc. ##	Revolving line of credit	07/07/04	07/07/12		1		*			6.25	%	$	0			$	158	$	152
	Matthew Die Division LLC	Revolving line of credit	02/18/10	02/18/13		1		*			6.25	%	$	0			$	129	$	122
	Douglass Industries, Inc. ##	Revolving line of credit	07/07/04	07/07/12		1		*			6.25	%	$	0			$	105	$	102
	Fine Line Graphics, Inc.	Revolving line of credit	11/29/05	11/29/12		1		*			6.50	%	$	0			$	70	$	64
	JLM Couture Inc.	Revolving line of credit	06/22/10	06/22/12		1		*			5.75	%	$	0			$	22	$	22
Retail Trade (8% of the total)	The Dependable Food Corp. ##	Revolving line of credit	10/19/98	10/19/12		1		*			4.75	%	$	0			$	191	$	188
	CNC Associated N.Y.	Revolving line of credit	07/24/01	07/24/12		1		*			5.75	%	$	0			$	187	$	184
	I & E Tire Corp. ##	Revolving line of credit	12/21/98	12/21/12		1		*			5.75	%	$	0			$	156	$	154
	Cyrus R. Fox, Inc. ##	Revolving line of credit	08/31/06	08/31/12		1		*			5.75	%	$	0			$	155	$	149
	Colt, Inc.	Revolving line of credit	10/12/04	10/12/12		1		*			6.14	%	$	0			$	60	$	57
Transportation and Warehousing (15% of the total)	Fleet Radio Dispatch Corp. ##	Revolving line of credit	12/31/01	12/31/12		1		*			6.00	%	$	0			$	706	$	695
	Communicar Incorporated ##	Revolving line of credit	02/06/04	02/06/13		1		*			7.25	%	$	0			$	397	$	391
	Chauffeured Services Unlimited	Revolving line of credit	05/02/06	05/02/12		1		*			8.00	%	$	0			$	204	$	201
	Big Daddy Drayage, Inc.	Revolving line of credit	10/18/06	10/18/12		1		*			5.75	%	$	0			$	42	$	35
	Luxury Worldwide	Revolving line of credit	07/20/07	07/20/12		1		*			5.75	%	$	0			$	13	$	11
Wholesale Trade (50% of the total)	Capitalsea, LLC ##	Revolving line of credit	11/07/05	11/07/12		1		1	%		4.50	%	$	0			$	2,022	$	1,988
	Atlantic Veal & Lamb, Inc. ##	Revolving line of credit	08/15/01	08/15/12		1		*			5.50	%	$	0			$	747	$	736
	Newburg Egg Corp. ##	Revolving line of credit	03/16/99	03/16/13		1		*			6.00	%	$	0			$	597	$	588
	Pride of Neptune, Inc. ##	Revolving line of credit	01/14/02	01/14/13		1		*			4.75	%	$	0			$	252	$	248
	REL International	Revolving line of credit	04/11/07	04/11/12		1		*			5.25	%	$	0			$	247	$	225
	Magic Moments	Revolving line of credit	01/23/08	01/23/13		1		*			6.75	%	$	0			$	157	$	148
	Plymouth Rock Fuel Corp	Revolving line of credit	11/16/10	11/16/12		1		*			5.75	%	$	0			$	155	$	147
	A. Stein Meat Products	Revolving line of credit	01/13/12	01/13/13		1		*			6.00	%	$	0	$	267	$	122	$	124
	Medicom LLC	Revolving line of credit	07/28/10	07/28/12		1		*			5.75	%	$	0			$	104	$	102
	Banner Smoked Fish, Inc. ##	Revolving line of credit	03/27/01	03/27/13		1		*			5.25	%	$	0			$	54	$	53
	Snow Shoe Refractories, LLC	Revolving line of credit	11/30/11	11/30/12		1		*			6.00	%	$	0			$	28	$	29
	Garden State Dental Supplies	Revolving line of credit	02/04/11	02/04/13		1		*			6.75	%	$	0			$	14	$	16
	Two Cousins Fish Market, Inc.	Revolving line of credit	01/23/99	01/23/13		1		*			5.25	%	$	0			$	1	$	1
Total asset-based ($5,410 pledged as collateral under borrowing arrangements)						42		5	%		5.65	%	$	0	$	267	$	9,024	$	8,804
Other secured commercial (75% New York, 23% New Jersey and 2% Illinois)
Accommodation and Food Services (48% of the total)	Dune Deck Owners Corp ##	Term loan	04/24/07	03/31/14		1		2	%		7.25	%	$	0			$	3,097	$	3,097
	El Tropico Family Rest Ii Llc	Term loan	11/29/05	11/18/12		1		*			10.75	%	$	0			$	309	$	309
	El Tropico Family Rest Ii/B No	Term loan	12/23/08	06/25/12		1		*			11.00	%	$	0			$	2	$	2
	Cardenas Corp	Term loan	07/29/08	07/29/14		1		*			10.50	%	$	0			$	196	$	195
	Pc One Inc Dba The Willett Hou	Term loan	05/25/05	03/25/13		1		*			8.50	%	$	0			$	169	$	169
	Dna Restaurant Corp	Term loan	07/14/06	10/14/12		1		*			12.50	%	$	0			$	31	$	31
Other Services (except Public Administration) (3% of the total)	2617 S Wabash Ave Realty Llc	Term loan	01/16/04	01/16/14		1		*			5.50	%	$	0			$	148	$	148
	Newco Laundry Systems I Inc	Term loan	05/02/09	05/02/14		1		*			6.50	%	$	0			$	123	$	124

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
Real Estate and Rental and Leasing (3% of the total)		Rala Management	Term loan	04/22/99	09/01/15		1		*			4.75	%	$	0			$	136	$	136
		Thursday Morning Inc	Term loan	04/01/10	04/01/15		1		*			6.00	%	$	0			$	80	$	75
Retail Trade (41% of the total)		Guyonamar Food Corp	Term loan	03/17/11	03/17/16		1		*			9.25	%	$	0			$	750	$	745
		Antonio Rosado	Term loan	03/15/12	03/15/17		1		*			9.50	%	$	0	$	675	$	675	$	669
		F.J.P. Meat Market Inc	Term loan	02/06/12	02/06/17		1		*			9.50	%	$	0	$	360	$	356	$	354
		616 Broadway Llc	Term loan	02/10/11	12/17/14		1		*			8.50	%	$	0			$	351	$	350
		Drr Enterprises Llc	Term loan	10/28/08	10/17/13		1		*			11.00	%	$	0			$	195	$	195
		Red Hook Meat Corp	Term loan	09/24/07	03/14/13		1		*			11.50	%	$	0			$	423	$	153
		New Era Meat Supermarket Llc	Term loan	09/13/06	09/16/12		1		*			12.00	%	$	0			$	134	$	134
		Mi Favorita Food Corp	Term loan	08/13/09	12/26/14		1		*			9.25	%	$	0			$	118	$	118
		Moderne Barn Wines&Spirits Inc	Term loan	12/07/09	08/09/16		1		*			6.00	%	$	0			$	101	$	101
		G&C Grocery Inc	Term loan	05/19/08	08/23/15		1		*			0.00	%	$	0			$	97	$	96
		39-04 Skillman Llc & G&A Auto	Term loan	08/04/11	08/04/14		1		*			6.00	%	$	0			$	88	$	90
		East Bronx Food Corp	Term loan	04/23/08	04/23/13		1		*			11.00	%	$	0			$	76	$	76
		Julio Castillo	Term loan	08/18/08	03/01/14		1		*			10.50	%	$	0			$	64	$	64
		Salomon Deli Grocery Corp	Term loan	05/19/08	05/19/13		1		*			10.75	%	$	0			$	52	$	52
Transportation and Warehousing (5% of the total)		Fa Management Inc	Term loan	01/20/12	12/20/12		1		*			5.65	%	$	0	$	250	$	205	$	207
		United Management Group Inc	Term loan	08/25/10	08/18/12		1		*			6.00	%	$	0			$	36	$	37
		United Management Group Inc	Term loan	12/08/10	12/06/12		1		*			6.00	%	$	0			$	27	$	28
		United Management Group Inc	Term loan	11/01/10	10/28/12		1		*			6.00	%	$	0			$	24	$	25
		United Management Group Inc	Term loan	07/14/10	07/12/12		1		*			6.00	%	$	0			$	20	$	20
		United Management Group Inc	Term loan	07/26/10	07/22/12		1		*			6.00	%	$	0			$	15	$	16
		United Management Group Inc	Term loan	10/07/10	10/05/12		1		*			6.00	%	$	0			$	14	$	15
		United Management Group Inc	Term loan	06/11/10	06/08/12		1		*			6.00	%	$	0			$	12	$	12
		United Management Group Inc	Term loan	09/15/10	09/15/12		1		*			6.00	%	$	0			$	7	$	8
		United Management Group Inc	Term loan	06/21/10	06/14/12		1		*			6.00	%	$	0			$	8	$	8
		Pro-Serve Auto Care Inc	Term loan	12/02/10	11/22/13		1		*			6.50	%	$	0			$	16	$	17
		Pro-Serve Auto Care Inc	Term loan	07/07/09	06/19/12		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
		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		5	%		8.25	%	$	0	$	1,285	$	8,156	$	7,877
Total commercial loans ($8,507 pledged as collateral under borrowing arrangements) (2)							105		32	%		11.98	%	$	2,158	$	4,152	$	70,757	$	56,111
Commercial Banking		Medallion Bank **	100% of common stock	05/16/02	None		1		49	%		7.65	%	$	0			$	85,007	$	85,007
Real Estate		Medallion Hamptons Holding LLC	100% of membership interests	06/21/05	None		1		1	%		0.00	%	$	0			$	2,506	$	2,506
Loan Servicing		Medallion Servicing Corp.	100% of common stock	11/05/10	None		1		*			0.00	%	$	0			$	565	$	565
Advertising		Generation Outdoor, Inc.	100% of common stock	12/20/04	None		1		*			0.00	%	$	0			$	92	$	92
Advertising		Medallion Sports Media, Inc.	100% of common stock	01/05/11	None		1		*			0.00	%	$	0			$	37	$	37
Investment in Medallion Bank and other controlled subsidiaries, net							5		51	%		7.37	%	$	0	$	0	$	88,207	$	88,207
Equity investments
Appliance Recycler #		Appliance Recycling Centers of America, Inc. **	8.86% of common stock	09/10/98	None		1		1	%		0.00	%	$	0			$	0	$	2,012
Commercial Finance		Convergent Capital, Ltd	7% of limited partnership interest	07/20/07	None		1		1	%		0.00	%	$	0			$	1,094	$	1,214
Banking		FNBNY, Inc.	*	03/30/12	None		1		*			0.00	%	$	0	$	750	$	750	$	750
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		PMC Commercial Trust **	*	12/30/10	None		1		*			7.40	%	$	0			$	901	$	279
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		*			1.98	%	$	0			$	5	$	3

Medallion Financial Corp.

Consolidated Schedule of Investments

March 31, 2012

(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 2012 Acquisitions (5)		Cost (4)		Fair Value
Equipment Manufacturing	Aeration Industries International, LLC	5.25% of limited liability interest	12/31/10	None		1		*			0.00	%	$	0	$	0	$	365	$	0
Radio Station Broadcasting	On Top	*	12/05/02	None		1		*			0.00	%	$	0	$	0	$	200	$	0
Bakery	Quaker Bakery	*	03/28/12	None		1		*			0.00	%	$	0	$	359	$	359	$	359
Equity investments, net						11		3	%		1.46	%	$	0	$	1,109	$	4,581	$	5,524
Investment securities
Investment securities, net						0		0	%		0.00	%	$	0	$	0	$	0	$	0
Net Investments ($240,162 pledged as collateral under borrowing arrangements) (3)						921		253	%		6.49	%	$	2,158	$	51,703	$	454,184	$	440,867

(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 $2,158 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 252%.

(4) Gross unrealized appreciation, gross unrealized depreciation, and net appreciation for federal income tax purposes totaled $34,119, $23,771 and $10,348, respectively . The tax cost of investments was $430,519.

(5) For revolving lines of credit the amount shown is the cost at March 31, 2012.

* Less than 1.0%

** Not an eligible portfolio company as such term is defined in Section 2(a)(46) of the 1940 Act. The percentage value of all non-eligible portfolio companies to total assets of Medallion Financial on an unconsolidated basis was up to 27% and up to 16% on a consolidated basis.

& 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 March 31, 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		1		*		4.50	%	$	0	$	600	$	573	$	574
	Anba Taxi Inc		#	#	Term loan	06/21/11	06/21/16		1		*		4.50	%	$	0	$	600	$	573	$	574
	Btr Taxi Inc		#	#	Term loan	07/05/11	07/05/14		1		*		4.63	%	$	0	$	575	$	570	$	571
	Albro Hacking, Corp.		#	#	Term loan	10/21/10	10/20/15		1		*		4.00	%	$	0			$	568	$	570
	Rafi Mohammad		#	#	Term loan	12/07/11	12/07/14		1		*		4.25	%	$	0	$	555	$	555	$	555
	Angelita Transit Inc/Note 2		#	#	Term loan	04/22/10	03/16/14		1		*		4.75	%	$	0			$	554	$	554
	Mongerry Hacking Cor		#	#	Term loan	10/14/11	10/14/14		1		*		3.75	%	$	0	$	553	$	553	$	554
	Lesly Jeanjoseph				Term loan	12/20/11	12/20/14		1		*		4.75	%	$	0	$	550	$	550	$	551
	Eugenio & Ayodele Trans Corp &				Term loan	10/14/10	10/14/13		1		*		6.00	%	$	0			$	554	$	550
	Karamjit Panchhi		#	#	Term loan	11/21/11	11/21/14		1		*		4.50	%	$	0	$	550	$	549	$	550
	Ptah Cab Corp		#	#	Term loan	05/25/11	06/01/14		1		*		4.00	%	$	0	$	550	$	549	$	549
	Fido Cab Corp		#	#	Term loan	09/09/11	09/01/14		1		*		4.00	%	$	0	$	550	$	548	$	549
	Gilberto Barrera		#	#	Term loan	06/15/11	06/15/14		1		*		5.00	%	$	0	$	555	$	549	$	548
	Amjad Abbas				Term loan	06/02/11	06/02/14		1		*		5.13	%	$	0	$	550	$	545	$	546
	Leo P. Roland		#	#	Term loan	11/10/11	11/10/14		1		*		4.25	%	$	0	$	545	$	544	$	545
	Sushil Maggoo		#	#	Term loan	09/14/11	09/14/14		1		*		5.75	%	$	0	$	555	$	541	$	544
	Edgard A Donado		#	#	Term loan	02/17/11	02/17/14		1		*		4.75	%	$	0	$	550	$	544	$	543
	Mohammed Hossen & Abrar Hanif				Term loan	08/11/11	08/11/14		1		*		5.50	%	$	0	$	540	$	535	$	538
	My Sarah Cab Corp		#	#	Term loan	10/14/11	10/14/14		1		*		3.75	%	$	0	$	534	$	534	$	535
	Abdelhakim A. Ibrahim				Term loan	12/28/10	12/28/13		1		*		5.25	%	$	0			$	529	$	530
	Joseph Paul Desir				Term loan	04/08/11	04/08/14		1		*		4.75	%	$	0	$	533	$	529	$	529
	Balwinder Singh		#	#	Term loan	10/19/11	10/19/14		1		*		4.75	%	$	0	$	530	$	528	$	529
	M Irshad Chaudhry & Mhd Ramzan		#	#	Term loan	03/21/11	03/21/14		1		*		5.25	%	$	0	$	535	$	528	$	529
	Wisly Noel				Term loan	03/17/11	03/17/14		1		*		5.00	%	$	0	$	532	$	528	$	528
	Jacques A Petion &				Term loan	02/08/11	02/08/14		1		*		5.75	%	$	0	$	532	$	529	$	528
	Marcnance Morency				Term loan	09/09/11	09/09/14		1		*		5.25	%	$	0	$	532	$	530	$	527
	Amr Aly Shafshak		#	#	Term loan	06/22/11	06/22/14		1		*		4.90	%	$	0	$	532	$	527	$	527
	Avtar Singh		#	#	Term loan	11/22/11	11/22/14		1		*		4.25	%	$	0	$	525	$	524	$	526
	Mukhtiar Singh		#	#	Term loan	11/22/11	11/22/14		1		*		4.25	%	$	0	$	525	$	524	$	526
	Rafael Kikirov		#	#	Term loan	10/13/11	10/13/14		1		*		5.00	%	$	0	$	530	$	524	$	525
	Ilker Altaygil		#	#	Term loan	05/11/11	05/11/14		1		*		5.25	%	$	0	$	530	$	524	$	525
	Jasvir S Dhaliwal		#	#	Term loan	11/29/11	11/29/14		1		*		4.50	%	$	0	$	526	$	526	$	525
	Joseph R Jean		#	#	Term loan	10/17/11	10/17/14		1		*		4.50	%	$	0	$	525	$	523	$	524
	Arcange J Dangervil		#	#	Term loan	09/06/11	09/06/14		1		*		5.75	%	$	0	$	525	$	523	$	523
	Ulrick Racine		#	#	Term loan	04/22/11	04/22/14		1		*		5.13	%	$	0	$	524	$	522	$	523
	Harminder Singh & Harjinder Si		#	#	Term loan	03/22/11	03/22/14		1		*		4.75	%	$	0	$	530	$	521	$	522
	Marc C Bastien		#	#	Term loan	11/02/11	11/02/14		1		*		5.00	%	$	0	$	520	$	520	$	521
	Marco V Guerrero				Term loan	12/22/11	12/22/14		1		*		4.50	%	$	0	$	520	$	520	$	521
	Erwich Chery				Term loan	06/17/11	06/17/14		1		*		5.50	%	$	0	$	525	$	520	$	521
	Roudy Moliere &Jean B Letang		#	#	Term loan	08/18/11	08/18/14		1		*		5.75	%	$	0	$	524	$	520	$	521
	Shanu Miah				Term loan	03/24/11	03/24/14		1		*		5.25	%	$	0	$	530	$	523	$	520
	Frantz Louhis & Joseph Paul		#	#	Term loan	02/17/11	02/17/14		1		*		5.13	%	$	0	$	525	$	517	$	519
	Malkiat S Multani				Term loan	06/01/11	06/09/14		1		*		4.75	%	$	0	$	551	$	518	$	519
	Faubert Couamin		#	#	Term loan	12/17/10	12/17/13		1		*		5.50	%	$	0			$	516	$	519
	Strivers Way Inc &				Term loan	03/21/11	03/21/14		1		*		6.25	%	$	0	$	520	$	517	$	518
	Headway Transportation Inc &				Term loan	03/22/11	03/22/14		1		*		6.25	%	$	0	$	520	$	517	$	518
	Arnous L. Dangervil				Term loan	07/07/11	07/07/14		1		*		5.50	%	$	0	$	520	$	517	$	518
	Pat Bonna		#	#	Term loan	01/07/11	01/07/14		1		*		5.30	%	$	0	$	524	$	516	$	516
	Mohammad F Iqbal		#	#	Term loan	02/08/11	02/08/14		1		*		6.00	%	$	0	$	515	$	511	$	513
	Larry Westen		#	#	Term loan	09/30/11	09/30/14		1		*		5.50	%	$	0	$	512	$	512	$	513
	Alexander Vizueta		#	#	Term loan	11/15/11	11/15/14		1		*		5.25	%	$	0	$	512	$	511	$	512
	Kang & Dhillon Taxi Inc		#	#	Term loan	12/03/10	12/03/13		1		*		5.35	%	$	0			$	510	$	512
	Prem Singh & Manjeet Kaur		#	#	Term loan	01/28/11	01/28/14		1		*		5.00	%	$	0	$	525	$	511	$	512
	Louis A Alphonse		#	#	Term loan	12/05/11	12/05/14		1		*		4.50	%	$	0	$	510	$	510	$	509
	Pushker Sharma & Sandeep Vinay				Term loan	04/08/10	04/08/13		1		*		6.10	%	$	0			$	510	$	508
	Avtar Singh		#	#	Term loan	09/23/11	09/23/14		1		*		5.00	%	$	0	$	509	$	507	$	508
	Said Zedan &				Term loan	11/19/10	11/19/13		1		*		5.75	%	$	0			$	506	$	506
	Ronak Singh		#	#	Term loan	05/03/11	05/03/14		1		*		4.80	%	$	0	$	519	$	505	$	506
	Joseph B Luxama		#	#	Term loan	06/16/11	06/16/14		1		*		5.50	%	$	0	$	514	$	508	$	506
	Mohammad A Parvaiz		#	#	Term loan	05/26/11	05/26/16		1		*		4.95	%	$	0	$	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		1		*		5.88	%	$	0			$	505	$	505
	Binh Pham		#	#	Term loan	09/09/10	09/09/13		1		*		6.00	%	$	0			$	504	$	503
	Mian Cab Corp		#	#	Term loan	02/02/11	02/02/14		1		*		5.25	%	$	0	$	510	$	503	$	502
	Turgut Duman		#	#	Term loan	12/10/10	12/10/13		1		*		5.00	%	$	0			$	500	$	502
	Samy Baddar		#	#	Term loan	12/20/11	12/20/14		1		*		4.00	%	$	0	$	500	$	500	$	502
	Odvil Fequiere		#	#	Term loan	02/22/11	02/22/14		1		*		5.13	%	$	0	$	500	$	494	$	497
	Brunel Paul & Chrislorme Paul		#	#	Term loan	06/30/11	06/30/14		1		*		4.75	%	$	0	$	500	$	493	$	496
	Zhi Li Peng				Term loan	03/24/11	03/24/14		1		*		5.50	%	$	0	$	497	$	495	$	496
	Copper One Cab Corp		#	#	Term loan	07/01/10	07/01/12		1		*		4.80	%	$	0			$	495	$	494
	Miguel Fernandez		#	#	Term loan	03/14/11	03/14/14		1		*		5.00	%	$	0	$	500	$	491	$	494
	Joseph Gerard Pierre				Term loan	04/08/11	04/08/14		1		*		4.50	%	$	0	$	498	$	494	$	493
	Parvinder Singh		#	#	Term loan	02/16/11	02/16/14		1		*		5.00	%	$	0	$	505	$	492	$	493
	Michael Avitan		#	#	Term loan	07/19/11	07/19/14		1		*		5.00	%	$	0	$	500	$	495	$	492
	Rousseau Ductan		#	#	Term loan	12/22/11	12/22/14		1		*		4.25	%	$	0	$	492	$	492	$	490
	Pierre Goguin Joseph				Term loan	05/20/10	05/20/13		1		*		6.00	%	$	0			$	489	$	489
	Jened Cab Corp		#	#	Term loan	04/14/08	04/14/13		1		*		5.25	%	$	0			$	489	$	488
	Gustavo E Cabrejos		#	#	Term loan	04/04/11	04/04/14		1		*		4.90	%	$	0	$	493	$	486	$	487
	Amr & Rina Taxi Inc		#	#	Term loan	06/17/11	06/17/14		1		*		4.75	%	$	0	$	488	$	483	$	484
	Georges Salomon		#	#	Term loan	08/12/10	08/12/13		1		*		5.25	%	$	0			$	486	$	483
	Ahmed Elsayed		#	#	Term loan	08/01/11	08/01/14		1		*		5.00	%	$	0	$	487	$	483	$	483
	Jordan O Ohene		#	#	Term loan	11/05/10	11/05/13		1		*		5.25	%	$	0			$	481	$	483
	Brunet Lucas		#	#	Term loan	09/29/10	09/29/13		1		*		5.75	%	$	0			$	478	$	478
	Charanjeet Kaur & Manjit Singh		#	#	Term loan	10/07/10	10/07/13		1		*		5.00	%	$	0			$	474	$	474
	All Wood Llc		#	#	Term loan	08/17/11	08/17/14		1		*		5.00	%	$	0	$	475	$	473	$	474
	Carmay Latendresse &				Term loan	02/01/10	02/01/13		1		*		6.88	%	$	0			$	474	$	474
	Atef A Khalil				Term loan	04/15/11	04/15/14		1		*		5.50	%	$	0	$	475	$	472	$	473
	Abu H Shawkat				Term loan	03/12/10	03/12/13		1		*		6.60	%	$	0			$	471	$	472
	Eustache Romain		#	#	Term loan	10/25/10	10/25/13		1		*		5.25	%	$	0			$	471	$	471
	Albert A Agyemang		#	#	Term loan	08/25/11	08/25/14		1		*		4.70	%	$	0	$	470	$	467	$	468
	Roland Eusebe & Naomi Charles				Term loan	03/17/11	03/17/13		1		*		5.00	%	$	0	$	470	$	469	$	468
	David Mashkabov		#	#	Term loan	10/26/11	10/24/14		1		*		4.00	%	$	0	$	470	$	468	$	467
	Nelson R Moreira				Term loan	12/22/10	12/22/13		1		*		6.25	%	$	0			$	467	$	467
	Harold Torres		#	#	Term loan	07/29/10	07/29/13		1		*		5.50	%	$	0			$	466	$	467
	Mohammed F Munir		#	#	Term loan	02/11/11	02/14/14		1		*		4.75	%	$	0	$	475	$	462	$	465
	Nobert Auguste				Term loan	04/12/10	04/12/13		1		*		6.75	%	$	0			$	465	$	465
	Tamimu Aliu		#	#	Term loan	06/07/10	06/07/13		1		*		6.00	%	$	0			$	463	$	463
	Parkash Taxi Inc		#	#	Term loan	08/09/10	08/09/13		1		*		4.00	%	$	0			$	463	$	461
	Patrick Sattaur		#	#	Term loan	11/18/11	11/18/14		1		*		5.00	%	$	0	$	455	$	454	$	455
	Olmedo Nocua		#	#	Term loan	01/21/11	01/21/14		1		*		5.00	%	$	0	$	459	$	451	$	453
	Momar Diagne		#	#	Term loan	08/25/11	08/25/14		1		*		4.75	%	$	0	$	453	$	450	$	451
	Ranjit Singh		#	#	Term loan	10/05/09	10/05/12		1		*		4.75	%	$	0			$	452	$	451
	Eduard Neyman		#	#	Term loan	11/09/11	11/09/16		1		*		4.75	%	$	0	$	450	$	449	$	450
	Gonel Seraphin & Evelyne Serap		#	#	Term loan	12/09/11	12/09/14		1		*		4.25	%	$	0	$	451	$	451	$	450
	Mark Ansley Clarke				Term loan	01/28/09	01/28/12		1		*		6.63	%	$	0			$	448	$	447
	Spyridon Tzorzis		#	#	Term loan	09/22/11	09/22/14		1		*		5.25	%	$	0	$	448	$	444	$	445
	Aminder Pal Singh				Term loan	01/28/11	01/28/14		1		*		5.50	%	$	0	$	500	$	443	$	445
	Rauf Meer		#	#	Term loan	02/17/09	02/17/12		1		*		6.50	%	$	0			$	446	$	445
	Rossini F Celestin				Term loan	10/09/09	10/09/12		1		*		6.50	%	$	0			$	444	$	443
	Guy Merisier		#	#	Term loan	06/30/11	06/30/14		1		*		5.75	%	$	0	$	444	$	442	$	443
	Chamkor Cab Corp		#	#	Term loan	12/16/09	06/30/14		1		*		4.75	%	$	0			$	443	$	442
	Jacob Kuruvilla		#	#	Term loan	11/11/09	11/15/12		1		*		5.90	%	$	0			$	439	$	439
	Mario Nisthauz		#	#	Term loan	03/24/10	03/24/13		1		*		5.75	%	$	0			$	438	$	437
	Daca Taxi Inc		#	#	Term loan	06/02/11	06/02/14		1		*		4.38	%	$	0	$	438	$	432	$	433
	Preslert Louis				Term loan	03/09/09	03/09/12		1		*		6.50	%	$	0			$	434	$	433
	Gurmeet Singh		#	#	Term loan	06/21/11	06/21/14		1		*		5.00	%	$	0	$	435	$	431	$	432
	Shubal C Ghose		#	#	Term loan	09/23/10	09/23/13		1		*		5.00	%	$	0			$	431	$	432
	Julio Farfan		#	#	Term loan	08/03/11	08/03/14		1		*		5.00	%	$	0	$	430	$	426	$	429
	Mtr Taxi Inc		#	#	Term loan	01/06/11	01/15/16		1		*		4.88	%	$	0	$	422	$	422	$	423
	Saba Moshe Taxi Inc		#	#	Term loan	01/06/11	01/15/16		1		*		4.88	%	$	0	$	422	$	422	$	423
	Maya Taxi Inc		#	#	Term loan	01/06/11	01/15/16		1		*		4.88	%	$	0	$	422	$	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		1		*		4.88	%	$	0	$	422	$	422	$	423
	Neomi & Z Taxi Inc		#	#	Term loan	01/06/11	01/15/16		1		*		4.88	%	$	0	$	422	$	422	$	423
	Bucur Express Cab Corp		#	#	Term loan	06/02/11	06/02/14		1		*		4.38	%	$	0	$	421	$	416	$	417
	Dady Hamel		#	#	Term loan	04/16/09	12/22/13		1		*		3.90	%	$	0			$	415	$	414
	Manuel F Pena		#	#	Term loan	04/01/11	04/01/14		1		*		4.50	%	$	0	$	420	$	413	$	414
	Frands Fequiere		#	#	Term loan	01/26/11	01/25/14		1		*		5.20	%	$	0	$	420	$	412	$	413
	Humberto Ontaneda		#	#	Term loan	01/06/10	01/06/13		1		*		5.75	%	$	0			$	408	$	408
	Pierre Chery		#	#	Term loan	10/20/11	10/20/14		1		*		4.50	%	$	0	$	412	$	409	$	408
	Anthony Okyere Duah		#	#	Term loan	06/10/11	06/10/14		1		*		5.00	%	$	0	$	407	$	403	$	404
	I&I Cab Corp		#	#	Term loan	10/06/11	10/05/14		1		*		4.75	%	$	0	$	400	$	400	$	403
	N & B Taxi Inc		#	#	Term loan	06/24/11	06/24/14		1		*		4.50	%	$	0	$	400	$	400	$	401
	Y Joey Taxi Inc		#	#	Term loan	01/06/11	01/15/16		1		*		4.88	%	$	0	$	400	$	400	$	401
	Ricale Taxi Inc				Term loan	04/10/03	02/01/12		1		*		6.25	%	$	0			$	400	$	399
	Luis E Perez		#	#	Term loan	04/13/11	04/13/14		1		*		4.50	%	$	0	$	400	$	394	$	395
	Ny Berts Cab Corp		#	#	Term loan	09/15/10	09/15/13		1		*		6.00	%	$	0			$	392	$	393
	Man Singh		#	#	Term loan	11/23/11	11/23/14		1		*		4.00	%	$	0	$	391	$	390	$	391
	Ruckman Hacking Corp		#	#	Term loan	10/14/11	10/14/14		1		*		3.75	%	$	0	$	390	$	390	$	391
	Geraldine Hacking Co		#	#	Term loan	10/14/11	10/14/14		1		*		3.75	%	$	0	$	389	$	389	$	390
	Pierre Jeune		#	#	Term loan	07/21/11	07/21/15		1		*		5.00	%	$	0	$	387	$	383	$	383
	Avner Ben-Levy		#	#	Term loan	12/05/11	12/05/14		1		*		4.25	%	$	0	$	380	$	380	$	382
	Elsayed A Hassan		#	#	Term loan	11/28/11	11/28/14		1		*		4.25	%	$	0	$	381	$	380	$	381
	Joseph L Flovel		#	#	Term loan	04/09/09	04/09/12		1		*		6.00	%	$	0			$	380	$	379
	Magloire David				Term loan	01/06/10	01/06/13		1		*		6.50	%	$	0			$	378	$	378
	Tarafdar Abul & Tarafdar Luthf				Term loan	08/13/10	08/13/13		1		*		7.00	%	$	0			$	375	$	375
	Nour-Ditmars Zamalek Corp &		#	#	Term loan	04/01/11	04/01/14		1		*		4.90	%	$	0	$	380	$	374	$	375
	Lelio Bresier & Jeanne Bresier		#	#	Term loan	04/01/11	04/01/14		1		*		5.00	%	$	0	$	375	$	370	$	373
	Shah M Rahman		#	#	Term loan	08/15/11	08/15/14		1		*		4.50	%	$	0	$	375	$	373	$	372
	Fernande Paul Cab Corp				Term loan	04/26/11	04/26/14		1		*		4.88	%	$	0	$	375	$	372	$	372
	Hasina Farazi And Rafiul Faraz		#	#	Term loan	08/13/09	08/13/12		1		*		6.13	%	$	0			$	370	$	369
	Jacques Desrosiers				Term loan	09/05/07	04/24/12		1		*		6.75	%	$	0			$	370	$	369
	Rahul Amin		#	#	Term loan	03/25/09	03/25/12		1		*		5.90	%	$	0			$	368	$	367
	Vosiem Hacking Corp		#	#	Term loan	09/09/11	09/01/14		1		*		4.00	%	$	0	$	360	$	359	$	360
	Alexander A Malamud		#	#	Term loan	04/20/11	05/01/14		1		*		4.75	%	$	0	$	359	$	355	$	356
	Ilias Karanikolas		#	#	Term loan	11/08/11	11/08/14		1		*		4.75	%	$	0	$	356	$	355	$	356
	Cleopatra Cab Corp		#	#	Term loan	07/02/09	07/02/14		1		*		4.80	%	$	0			$	354	$	354
	Real Cab Corp				Term loan	07/20/07	07/20/17		1		*		6.75	%	$	0			$	351	$	350
	Carlot Dalce		#	#	Term loan	11/15/10	11/15/13		1		*		5.25	%	$	0			$	349	$	349
	Pierre Cadet		#	#	Term loan	03/18/10	03/18/13		1		*		5.50	%	$	0			$	347	$	347
	Gerard G Tema		#	#	Term loan	12/06/10	12/06/13		1		*		5.25	%	$	0			$	341	$	343
	Santokh Bangay		#	#	Term loan	09/14/09	09/14/12		1		*		5.75	%	$	0			$	340	$	339
	Crossbow Taxi Inc		#	#	Term loan	07/02/09	07/02/14		1		*		4.80	%	$	0			$	336	$	335
	King D Taxi Inc		#	#	Term loan	07/02/09	07/02/14		1		*		4.80	%	$	0			$	336	$	335
	King Verin Taxi Inc		#	#	Term loan	07/02/09	07/02/14		1		*		4.80	%	$	0			$	336	$	335
	Nautilus Service Cor		#	#	Term loan	07/02/09	07/02/14		1		*		4.80	%	$	0			$	336	$	335
	Petia Cab Corp		#	#	Term loan	07/02/09	07/02/14		1		*		4.80	%	$	0			$	336	$	335
	Run Service Corp		#	#	Term loan	07/02/09	07/02/14		1		*		4.80	%	$	0			$	336	$	335
	Jean A. Alexandre				Term loan	12/12/11	12/12/14		1		*		4.25	%	$	0	$	335	$	335	$	335
	Essa & Soliman Transit Inc		#	#	Term loan	05/29/08	12/06/13		1		*		4.75	%	$	0			$	336	$	333
	Rafael A Pena &				Term loan	10/01/10	10/01/13		1		*		5.75	%	$	0			$	332	$	333
	Rehmet Khan		#	#	Term loan	03/04/11	03/04/14		1		*		4.75	%	$	0	$	350	$	332	$	333
	Medora Moreira &Juan Mendoza		#	#	Term loan	02/18/11	02/18/14		1		*		5.00	%	$	0	$	335	$	329	$	330
	Joseph Jean		#	#	Term loan	09/04/09	09/04/12		1		*		6.35	%	$	0			$	328	$	327
	Joslin Fenelus		#	#	Term loan	09/16/09	09/16/12		1		*		6.00	%	$	0			$	321	$	320
	Jean B Guerrier		#	#	Term loan	08/12/09	08/12/12		1		*		6.50	%	$	0			$	319	$	319
	Bella Hacking Corp		#	#	Term loan	06/25/04	06/25/16		1		*		6.00	%	$	0			$	319	$	318
	Mohammmed H Iqbal		#	#	Term loan	01/13/09	01/13/13		1		*		6.50	%	$	0			$	316	$	315
	Cody Service Co Inc		#	#	Term loan	09/15/10	09/10/15		1		*		5.25	%	$	0			$	312	$	313
	Malkit Singh		#	#	Term loan	04/15/11	04/15/14		1		*		5.00	%	$	0	$	315	$	308	$	311
	Light Cab Corp		#	#	Term loan	07/01/10	07/01/12		1		*		4.80	%	$	0			$	308	$	308
	Elias Taxi Inc		#	#	Term loan	07/01/10	07/01/12		1		*		4.80	%	$	0			$	304	$	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. The percentage value of all non-eligible portfolio companies to total assets of Medallion Financial on an unconsolidated basis was up to 27% and up to 16% on a consolidated basis.

& 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