Medallion Bank (MBNKP) 10-K 2012 FY Annual report

Exhibit 99.1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON CONSOLIDATED SCHEDULES OF INVESTMENTS

To the Board of Directors and Shareholders of

Medallion Financial Corp.

We have audited in accordance with the standards of the Public Company Accounting Oversight Board (United States) the consolidated financial statements of Medallion Financial Corp. and subsidiaries referred to in our report dated March 12, 2013, which is included on page F-2 of the annual report on Form 10-K for the year ended December 31, 2012. We have also audited the consolidated schedules of investments (the “Schedules”) as of December 31, 2012 and 2011. These Schedules are the responsibility of the Company’s management. Our responsibility is to express an opinion based on our audits.

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

/s/ WeiserMazars LLP

New York, NY

March 12, 2013

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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								419		96	%		3.96	%	$	0	$	98,361	$	208,564	$	208,563
	Lena Cab Corp ##	Term Loan		12/09/11		12/09/15		1		2	%		3.60	%	$	0			$	3,680	$	3,665
	Sean Cab Corp ##	Term Loan		12/09/11		12/08/15		1		2	%		3.60	%	$	0			$	3,680	$	3,665
	Real Cab Corp	Term Loan		07/20/07		07/20/17		1		*			2.81	%	$	0			$	350	$	350
	Real Cab Corp	Term Loan		07/20/07		07/20/17		1		1	%		2.81	%	$	0			$	2,545	$	2,545
	Sifnos, Van-Dim, Kitriani Incs ##	Term Loan		06/08/10		05/01/15		1		1	%		4.00	%	$	0			$	2,524	$	2,513
	Slo Cab Corp	Term Loan		07/20/07		07/20/17		1		1	%		2.81	%	$	0			$	1,527	$	1,527
	Slo Cab Corp	Term Loan		07/20/07		07/20/17		1		*			2.81	%	$	0			$	210	$	210
	Lety Cab Corp ##	Term Loan		10/21/10		10/20/15		1		1	%		4.00	%	$	0			$	1,605	$	1,598
	Christian Cab Corp	Term Loan		11/27/12		11/27/15		1		1	%		4.00	%	$	0	$	1,500	$	1,500	$	1,502
	Silke Hacking Corp ##	Term Loan		12/26/12		12/26/15		1		1	%		3.50	%	$	0	$	1,450	$	1,450	$	1,452
	Hoyt Cab Corp ##	Term Loan		12/26/12		12/26/15		1		1	%		3.50	%	$	0	$	1,450	$	1,450	$	1,452
	Bunty & Jyoti Inc ##	Term Loan		12/07/12		12/07/15		1		1	%		3.75	%	$	0	$	1,450	$	1,450	$	1,446
	Sonu-Seema Corp ##	Term Loan		12/07/12		12/07/15		1		1	%		3.75	%	$	0	$	1,450	$	1,450	$	1,446
	Nancy Transit Inc ##	Term Loan		11/06/12		11/06/15		1		1	%		4.15	%	$	0	$	1,425	$	1,423	$	1,415
	S600 Service Co Inc ##	Term Loan		12/05/12		12/05/15		1		1	%		3.50	%	$	0	$	1,400	$	1,398	$	1,394
	Perem Hacking Corp ##	Term Loan		12/05/12		12/05/15		1		1	%		3.50	%	$	0	$	1,400	$	1,398	$	1,394
	Daytona Hacking Corp ##	Term Loan		06/01/12		06/01/15		1		1	%		3.75	%	$	0	$	1,400	$	1,383	$	1,385
	Uddin Taxi Corp ##	Term Loan		11/14/12		11/14/15		1		1	%		5.25	%	$	0	$	1,378	$	1,378	$	1,371
	Nosilla Service Co., Inc ##	Term Loan		08/13/12		08/13/15		1		1	%		3.63	%	$	0	$	1,350	$	1,336	$	1,332
	Ming Trans Corp ##	Term Loan		11/19/12		12/01/16		1		1	%		3.70	%	$	0	$	1,300	$	1,300	$	1,297
	Orys Trans Corp ##	Term Loan		09/26/11		07/22/13		1		1	%		3.00	%	$	0			$	1,279	$	1,280
	Sandhu & Baath Inc/Note 2 Of 2 ##	Term Loan		05/10/11		05/10/14		1		*			4.75	%	$	0			$	638	$	636
	Sandhu & Baath Inc/Note 1 Of 2 ##	Term Loan		05/10/11		05/10/14		1		*			4.75	%	$	0			$	636	$	634
	Concourse Cab Corp ##	Term Loan		11/09/12		11/09/15		1		1	%		4.00	%	$	0	$	1,250	$	1,249	$	1,257
	Vichy Cab Corp ##	Term Loan		02/21/12		02/21/15		1		1	%		4.50	%	$	0	$	1,250	$	1,250	$	1,246
	Cafe Service Co Inc ##	Term Loan		11/09/11		11/09/16		1		1	%		4.40	%	$	0			$	1,245	$	1,241
	Januko Transit Inc ##	Term Loan		12/09/11		12/09/15		1		1	%		3.60	%	$	0			$	1,227	$	1,223
	W Mit Trans Corp ##	Term Loan		03/22/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	Brini Transit Inc ##	Term Loan		03/23/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	Daf Cab Corp ##	Term Loan		03/23/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	Fenway Cab Corp ##	Term Loan		03/23/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	Mamkale Transit Inc ##	Term Loan		03/23/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	Munkach Transit Inc ##	Term Loan		03/23/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	Sabrinush Transit Inc ##	Term Loan		03/23/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	Sapphire Transit Inc ##	Term Loan		03/23/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	Slate Cab Corp ##	Term Loan		03/23/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	W. Vil Trans Corp ##	Term Loan		03/23/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	Yankl Transit Inc ##	Term Loan		03/23/11		12/08/15		1		1	%		3.60	%	$	0			$	1,223	$	1,219
	Kby Taxi Inc ##	Term Loan		09/04/12		09/04/15		1		1	%		3.50	%	$	0	$	1,200	$	1,200	$	1,197
	Anniversary Taxi Corp ##	Term Loan		09/04/12		09/04/15		1		1	%		3.50	%	$	0	$	1,200	$	1,200	$	1,197
	Ride Yellow Llc ##	Term Loan		01/14/11		02/15/16		1		1	%		3.50	%	$	0			$	1,200	$	1,196
	Corcovado Cab Corp ##	Term Loan		09/07/10		09/03/13		1		1	%		5.00	%	$	0			$	1,191	$	1,185
	Dag Taxi Inc ##	Term Loan		09/01/10		09/01/13		1		1	%		5.00	%	$	0			$	1,191	$	1,184
	Merry Cab Corp ##	Term Loan		09/01/10		09/01/13		1		1	%		5.00	%	$	0			$	1,191	$	1,184
	Junaid Trans Corp ##	Term Loan		03/19/12		03/19/15		1		1	%		4.25	%	$	0	$	1,200	$	1,179	$	1,181
	Alltaxitwo Cab Corp ##	Term Loan		09/26/11		07/22/13		1		1	%		3.00	%	$	0			$	1,181	$	1,177
	Red Army Cab Corp ##	Term Loan		04/18/12		04/18/15		1		1	%		3.75	%	$	0	$	1,200	$	1,179	$	1,176
	Flow Taxi Corp ##	Term Loan		04/18/12		04/18/15		1		1	%		3.75	%	$	0	$	1,200	$	1,179	$	1,176
	Lil Amandachaka Hacking Corp ##	Term Loan		04/18/12		04/18/15		1		1	%		3.75	%	$	0	$	1,200	$	1,179	$	1,176
	New Direction Cab Corp ##	Term Loan		11/18/11		11/18/14		1		1	%		4.00	%	$	0			$	1,170	$	1,175
	Big Ari Taxi Corp ##	Term Loan		12/13/12		12/13/15		1		1	%		3.25	%	$	0	$	1,166	$	1,166	$	1,168
	Goodspeed Transit Inc ##	Term Loan		11/21/11		11/27/15		1		1	%		3.25	%	$	0			$	1,159	$	1,155
	Ocean Hacking Corp ##	Term Loan		08/17/10		08/16/13		1		1	%		4.75	%	$	0			$	1,129	$	1,124
	Whats Yellow Llc ##	Term Loan		10/03/12		10/03/15		1		1	%		3.65	%	$	0	$	1,129	$	1,121	$	1,123
	Jump Service Co Inc ##	Term Loan		10/14/11		10/14/14		1		1	%		3.75	%	$	0			$	1,121	$	1,117
	Gaultier Hacking Corp ##	Term Loan		08/27/12		08/27/15		1		1	%		3.90	%	$	0	$	1,100	$	1,100	$	1,102

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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		*		4.00	%	$	0			$	1,073	$	1,069
	Yosi Transit Inc	Term Loan		07/20/07		07/20/17		1		*		2.81	%	$	0			$	1,018	$	1,018
	M.Y. Taxi Inc ##	Term Loan		01/06/11		01/15/16		1		*		3.50	%	$	0			$	960	$	961
	Justin Hacking Corp ##	Term Loan		12/13/12		12/13/15		1		*		3.25	%	$	0	$	905	$	905	$	907
	Global Agami Cab Llc ##	Term Loan		02/22/11		02/01/15		1		*		3.35	%	$	0			$	896	$	893
	Universal Agami Transit Inc ##	Term Loan		02/22/11		02/01/15		1		*		3.35	%	$	0			$	896	$	893
	Network Agami Cab Corp ##	Term Loan		02/22/11		02/01/15		1		*		3.35	%	$	0			$	896	$	893
	Planet Agami Cab Llc ##	Term Loan		02/22/11		02/01/15		1		*		3.35	%	$	0			$	896	$	893
	Lowvolt Transit Llc ##	Term Loan		10/31/06		10/31/16		1		*		3.00	%	$	0			$	890	$	890
	Kinetic Transit Llc ##	Term Loan		10/31/06		10/31/16		1		*		3.00	%	$	0			$	890	$	890
	Mixfuel Transit Llc ##	Term Loan		10/31/06		10/31/16		1		*		3.00	%	$	0			$	890	$	890
	Neutron Transit Llc ##	Term Loan		10/16/06		10/16/16		1		*		3.00	%	$	0			$	890	$	889
	Proton Transit Llc ##	Term Loan		10/16/06		10/16/16		1		*		3.00	%	$	0			$	890	$	889
	Quark Transit Llc ##	Term Loan		10/16/06		10/16/16		1		*		3.00	%	$	0			$	890	$	889
	Rechargeable Transit Llc ##	Term Loan		10/16/06		10/16/16		1		*		3.00	%	$	0			$	890	$	889
	Cora Hacking Corp ##	Term Loan		08/06/10		08/05/15		1		*		4.00	%	$	0			$	891	$	888
	Iddy Biddy Cab Corp ##	Term Loan		08/06/10		08/05/15		1		*		4.00	%	$	0			$	891	$	888
	Malcolm Hacking Corp ##	Term Loan		08/06/10		08/05/15		1		*		4.00	%	$	0			$	891	$	888
	Jbob Hacking Corp ##	Term Loan		08/06/10		08/05/15		1		*		4.00	%	$	0			$	891	$	888
	Granny Hacking Corp ##	Term Loan		08/06/10		08/05/15		1		*		4.00	%	$	0			$	891	$	888
	Oyaz Hacking Corp ##	Term Loan		08/06/10		08/05/15		1		*		4.00	%	$	0			$	891	$	888
	Composite Transit Llc ##	Term Loan		11/03/06		11/03/16		1		*		3.00	%	$	0			$	890	$	886
	Blend Transit Llc ##	Term Loan		11/03/06		11/03/16		1		*		3.00	%	$	0			$	890	$	886
	Isotope Transit Llc ##	Term Loan		10/31/06		10/31/16		1		*		3.00	%	$	0			$	890	$	886
	Juiced Transit Llc ##	Term Loan		10/31/06		10/31/16		1		*		3.00	%	$	0			$	890	$	886
	Hybrid Transit Llc ##	Term Loan		10/23/06		10/23/16		1		*		2.67	%	$	0			$	890	$	886
	Nelsk Taxi Inc ##	Term Loan		04/18/12		04/18/15		1		*		4.00	%	$	0	$	900	$	886	$	883
	Havana Affair Cab Corp ##	Term Loan		10/08/10		09/30/14		1		*		3.50	%	$	0			$	852	$	849
	Idiot Wind Cab Corp ##	Term Loan		10/08/10		09/30/14		1		*		3.50	%	$	0			$	852	$	849
	Holdem Cab Corp ##	Term Loan		10/08/10		09/30/14		1		*		3.50	%	$	0			$	852	$	849
	Go Boy Cab Corp ##	Term Loan		10/08/10		09/30/14		1		*		3.50	%	$	0			$	852	$	849
	1212 Taxi Llc ##	Term Loan		01/06/11		01/15/16		1		*		3.50	%	$	0			$	750	$	751
	Bliss Cab Corp ##	Term Loan		10/21/10		10/20/15		1		*		4.00	%	$	0			$	754	$	751
	Hot Wheels Taxi Llc ##	Term Loan		01/11/11		02/15/16		1		*		3.50	%	$	0			$	740	$	738
	Marian Cab Corp ##	Term Loan		06/19/12		06/19/16		1		*		3.75	%	$	0	$	726	$	717	$	719
	Kerolus Waheib Makhail	Term Loan		12/27/12		12/27/15		1		*		4.25	%	$	0	$	700	$	700	$	703
	Robell Hacking Corp ##	Term Loan		10/26/11		11/30/15		1		*		3.25	%	$	0			$	693	$	691
	Sincere Cab Corp ##	Term Loan		06/21/11		06/21/16		1		*		4.50	%	$	0			$	689	$	688
	Jean Pierre Trans Inc ##	Term Loan		10/21/10		10/20/15		1		*		4.00	%	$	0			$	680	$	679
	Cfn Cab Corp ##	Term Loan		10/21/10		10/20/15		1		*		4.00	%	$	0			$	680	$	678
	Miklos Hacking Corp ##	Term Loan		10/21/10		10/20/15		1		*		4.00	%	$	0			$	676	$	674
	Ravinder Singh & Mandeep Multa	Term Loan		12/19/12		12/19/15		1		*		3.75	%	$	0	$	650	$	650	$	652
	Harminder Singh & Harjinder Si ##	Term Loan		12/14/12		12/14/15		1		*		3.63	%	$	0	$	650	$	650	$	652
	Rakesh Aggarwal & Jasvir Singh ##	Term Loan		12/11/12		12/11/15		1		*		3.70	%	$	0	$	650	$	650	$	652
	Yme Transit Inc ##	Term Loan		09/09/11		12/05/15		1		*		3.25	%	$	0			$	632	$	635
	Guivarch Thimothe	Term Loan		09/19/12		09/19/15		1		*		4.50	%	$	0	$	630	$	626	$	629
	Sushil Maggoo ##	Term Loan		12/14/12		12/14/15		1		*		3.50	%	$	0	$	620	$	620	$	623
	Aminder Pal Singh ##	Term Loan		12/12/12		12/12/17		1		*		3.63	%	$	0	$	620	$	620	$	622
	Joseph R Jean ##	Term Loan		12/17/12		12/17/15		1		*		4.00	%	$	0	$	620	$	620	$	622
	Samy Baddar ##	Term Loan		12/17/12		12/17/15		1		*		3.90	%	$	0	$	620	$	620	$	622
	Ilker Altaygil ##	Term Loan		12/13/12		12/13/15		1		*		3.50	%	$	0	$	620	$	620	$	622
	Turgut Duman ##	Term Loan		12/06/12		12/06/15		1		*		3.50	%	$	0	$	620	$	620	$	622
	Ahmed Nazim & Hebatalla Mostaf ##	Term Loan		11/30/12		11/30/15		1		*		3.90	%	$	0	$	620	$	619	$	621
	Amr Aly Shafshak ##	Term Loan		11/29/12		11/29/15		1		*		3.90	%	$	0	$	620	$	619	$	621
	Amr & Rina Taxi Inc	Term Loan		12/10/12		12/10/15		1		*		3.90	%	$	0	$	620	$	620	$	620
	Yvon Louissaint ##	Term Loan		12/17/12		12/17/15		1		*		3.75	%	$	0	$	615	$	615	$	617
	Jacob Apoh ##	Term Loan		08/23/12		08/23/15		1		*		4.50	%	$	0	$	620	$	615	$	617
	Parvinder Singh ##	Term Loan		12/05/12		12/05/15		1		*		3.50	%	$	0	$	610	$	610	$	612

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
		Roudy Moliere &Jean B Letang ##	Term Loan		12/17/12		12/17/15		1		*		4.25	%	$	0	$	600	$	600	$	602
		Donald Singh ##	Term Loan		12/07/12		12/07/15		1		*		3.75	%	$	0	$	600	$	600	$	598
		Joseph Gerard Pierre ##	Term Loan		12/03/12		12/03/15		1		*		3.90	%	$	0	$	595	$	595	$	597
		Leo P. Roland ##	Term Loan		11/28/12		11/28/15		1		*		3.50	%	$	0	$	593	$	593	$	595
		Serob Taxi Inc ##	Term Loan		07/01/10		07/01/13		1		*		5.50	%	$	0			$	597	$	595
		Bhai Bhai Taxi Corp	Term Loan		06/02/11		10/01/15		1		*		3.75	%	$	0			$	585	$	587
		Gilberto Barrera ##	Term Loan		11/15/12		11/15/15		1		*		4.00	%	$	0	$	585	$	584	$	586
		Oradeanul Taxi Corp	Term Loan		11/14/11		11/14/14		1		*		5.00	%	$	0			$	580	$	584
		Georges Salomon	Term Loan		10/23/12		10/23/15		1		*		4.25	%	$	0	$	580	$	578	$	579
		Sing-Fai Chan	Term Loan		10/05/12		10/05/15		1		*		4.50	%	$	0	$	575	$	574	$	577
		Jose F Pimentel	Term Loan		11/27/12		11/27/15		1		*		4.00	%	$	0	$	575	$	575	$	576
		Jean J Monteau ##	Term Loan		12/06/12		12/06/15		1		*		4.00	%	$	0	$	575	$	575	$	573
		Jasvinder Chhoker + Dam Singh	Term Loan		11/10/11		12/05/15		1		*		3.50	%	$	0			$	570	$	572
		Birk Cab Corp	Term Loan		11/04/11		11/04/14		1		*		3.75	%	$	0			$	564	$	564
		Jacques A Petion	Term Loan		08/21/12		08/21/15		1		*		4.63	%	$	0	$	564	$	561	$	563
		Muhammad Saqib ##	Term Loan		10/04/11		10/04/14		1		*		3.50	%	$	0			$	564	$	562
		Carmay Latendresse	Term Loan		06/07/12		06/07/15		1		*		5.88	%	$	0	$	560	$	559	$	561
		Wisly Noel ##	Term Loan		12/21/12		12/21/15		1		*		3.63	%	$	0	$	558	$	558	$	560
		Binh Pham	Term Loan		05/30/12		05/30/15		1		*		5.25	%	$	0	$	562	$	555	$	557
		Btr Taxi Inc ##	Term Loan		07/05/11		07/05/14		1		*		4.63	%	$	0			$	557	$	556
		Albro Hacking, Corp. ##	Term Loan		10/21/10		10/20/15		1		*		4.00	%	$	0			$	554	$	555
		Mian Cab Corp ##	Term Loan		08/01/12		08/01/15		1		*		5.00	%	$	0	$	555	$	552	$	554
		Joseph B Luxama ##	Term Loan		06/05/12		06/05/15		1		*		5.00	%	$	0	$	555	$	550	$	552
		Jaswinder Sharma ##	Term Loan		11/02/11		11/02/14		1		*		3.50	%	$	0			$	555	$	552
		Phaniel Rosemond	Term Loan		11/09/12		11/09/15		1		*		4.50	%	$	0	$	574	$	551	$	551
		Joseph Paul Desir	Term Loan		09/24/12		09/24/15		1		*		4.25	%	$	0	$	552	$	548	$	551
		Pierre Chery ##	Term Loan		09/24/12		09/24/15		1		*		4.00	%	$	0	$	550	$	548	$	550
		Erwich Chery	Term Loan		08/27/12		08/27/15		1		*		4.25	%	$	0	$	550	$	547	$	549
		Frantz Louhis & Joseph Paul ##	Term Loan		06/08/12		06/08/15		1		*		4.25	%	$	0	$	550	$	545	$	547
		Tamimu Aliu ##	Term Loan		05/25/12		05/25/15		1		*		4.25	%	$	0	$	555	$	548	$	546
		Jordan O Ohene ##	Term Loan		07/23/12		07/23/15		1		*		4.00	%	$	0	$	550	$	543	$	545
		Eugenio & Ayodele Trans Corp &	Term Loan		10/14/10		10/14/13		1		*		6.00	%	$	0			$	545	$	544
		Ptah Cab Corp ##	Term Loan		05/25/11		05/01/15		1		*		3.35	%	$	0			$	544	$	543
	��	Joseph L Flovel ##	Term Loan		04/16/12		04/16/15		1		*		4.50	%	$	0	$	550	$	540	$	542
		Dani Taxi Inc/Mbank	Term Loan		07/16/12		12/15/15		1		*		3.50	%	$	0	$	541	$	541	$	541
		Rafi Mohammad ##	Term Loan		12/07/11		12/07/14		1		*		4.25	%	$	0			$	543	$	541
		Lesly Jeanjoseph ##	Term Loan		12/20/11		12/20/14		1		*		4.75	%	$	0			$	538	$	540
		Karamjit Panchhi ##	Term Loan		11/21/11		11/21/14		1		*		4.50	%	$	0			$	538	$	540
		Freycinet Valbrune	Term Loan		10/24/12		10/24/15		1		*		4.75	%	$	0	$	535	$	533	$	538
		Joseph W Charles ##	Term Loan		08/10/12		08/10/15		1		*		4.25	%	$	0	$	544	$	539	$	538
		Michael Avitan ##	Term Loan		07/02/12		07/02/15		1		*		4.50	%	$	0	$	540	$	536	$	538
		Brunet Lucas ##	Term Loan		10/04/12		10/04/15		1		*		4.25	%	$	0	$	535	$	535	$	537
		Fido Cab Corp ##	Term Loan		09/09/11		12/05/15		1		*		3.25	%	$	0			$	535	$	536
		Kamaljit Singh & Harjit Singh ##	Term Loan		10/04/12		10/02/15		1		*		3.75	%	$	0	$	531	$	528	$	530
		Nobert Auguste ##	Term Loan		09/12/12		09/12/15		1		*		5.00	%	$	0	$	531	$	528	$	530
		Atef A Khalil ##	Term Loan		08/06/12		08/06/15		1		*		4.75	%	$	0	$	535	$	533	$	530
		Amjad Abbas	Term Loan		06/02/11		06/05/14		1		*		4.25	%	$	0			$	528	$	527
		Mohammed Hossen & Abrar Hanif ##	Term Loan		06/25/12		06/25/16		1		*		4.00	%	$	0	$	532	$	523	$	524
		Ulrick Racine ##	Term Loan		05/09/12		05/09/15		1		*		4.25	%	$	0	$	528	$	522	$	524
		Spyridon Tzorzis ##	Term Loan		08/01/12		08/01/15		1		*		4.50	%	$	0	$	525	$	521	$	523
		Avner Ben-Levy ##	Term Loan		05/29/12		05/29/15		1		*		4.25	%	$	0	$	525	$	519	$	522
		Balwinder Singh ##	Term Loan		10/02/12		10/02/15		1		*		3.75	%	$	0	$	520	$	518	$	520
		Anba Taxi Inc ##	Term Loan		06/21/11		06/21/16		1		*		4.50	%	$	0			$	517	$	519
		Corsi Cab Corp ##	Term Loan		06/21/11		06/21/16		1		*		4.50	%	$	0			$	517	$	519
		Rafael A Pena ##	Term Loan		07/10/12		07/10/15		1		*		4.50	%	$	0	$	521	$	514	$	516
		Humberto Ontaneda ##	Term Loan		03/05/12		03/05/15		1		*		4.25	%	$	0	$	525	$	515	$	516
		Gustavo E Cabrejos ##	Term Loan		10/15/12		10/15/15		1		*		3.90	%	$	0	$	520	$	516	$	515
		Avtar Singh ##	Term Loan		11/22/11		11/07/14		1		*		3.50	%	$	0			$	513	$	515

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
	M Irshad Chaudhry & Mhd Ramzan ##	Term Loan		03/21/11		03/21/14			1		*		5.25	%	$	0			$	516		$	515
	Mukhtiar Singh ##	Term Loan		11/22/11		11/22/14			1		*		4.25	%	$	0			$	512		$	514
	Shanu Miah	Term Loan		03/24/11		03/24/14			1		*		5.25	%	$	0			$	513		$	512
	Larry Westen ##	Term Loan		09/30/11		09/30/14			1		*		5.50	%	$	0			$	512		$	511
	Marc C Bastien ##	Term Loan		11/02/11		11/02/14			1		*		5.00	%	$	0			$	509		$	510
	Hasina Farazi & Rafiul Farazi ##	Term Loan		07/11/12		07/11/15			1		*		4.00	%	$	0	$	510	$	505		$	507
	Jasvir S Dhaliwal ##	Term Loan		11/29/11		11/29/14			1		*		4.50	%	$	0			$	508		$	505
	Alexander Vizueta ## &	Term Loan		11/15/11		11/15/14			1		*		5.25	%	$	0			$	504		$	505
	Strivers Way Inc	Term Loan		03/21/11		03/21/14			1		*		6.25	%	$	0			$	502		$	503
	Jasvir Singh	Term Loan		11/27/12		11/27/22			1		*		4.25	%	$	0	$	500	$	497		$	502
	Malkiat S Multani	Term Loan		06/01/11		06/17/14			1		*		4.00	%	$	0			$	501		$	502
	Joseph Jean ##	Term Loan		03/14/12		03/14/15			1		*		4.50	%	$	0	$	510	$	501		$	501
	Louis A Alphonse ## &	Term Loan		12/05/11		12/05/14			1		*		4.50	%	$	0			$	502		$	500
	Dominique Ismael ##	Term Loan		10/11/12		10/11/15			1		*		4.00	%	$	0	$	500	$	497		$	499
	Guy Merisier ##	Term Loan		06/27/12		06/27/15			1		*		4.50	%	$	0	$	500	$	496		$	498
	Prem Singh & Manjeet Kaur ##	Term Loan		01/28/11		01/28/14			1		*		5.00	%	$	0			$	495		$	494
	Preslert Louis	Term Loan		03/23/12		03/23/15			1		*		5.00	%	$	0	$	498	$	490		$	492
	Avtar Singh ##	Term Loan		09/23/11		09/27/14			1		*		3.50	%	$	0			$	493		$	490
	Pierre Goguin Joseph	Term Loan		05/20/10		05/20/13			1		*		6.00	%	$	0			$	489		$	489
	Eli Parada ##	Term Loan		07/02/12		07/02/15			1		*		4.00	%	$	0	$	490	$	486		$	488
	Shubal C Ghose ##	Term Loan		12/18/12		12/18/15			1		*		3.75	%	$	0	$	482	$	483		$	485
	Ronak Singh ##	Term Loan		01/11/12		01/11/15			1		*		4.00	%	$	0	$	506	$	483		$	481
	Kang & Dhillon Taxi Inc ##	Term Loan		12/03/10		12/03/13			1		*		5.35	%	$	0			$	479		$	481
	Harold Torres ##	Term Loan		08/10/12		08/10/15			1		*		4.00	%	$	0	$	482	$	478		$	480
	Mohammad Azhar ##	Term Loan		06/01/12		06/01/15			1		*		4.00	%	$	0	$	485	$	478		$	480
	Albert A Agyemang ##	Term Loan		08/02/12		08/02/15			1		*		3.90	%	$	0	$	485	$	477		$	479
	Brunel Paul & Chrislorme Paul ##	Term Loan		06/30/11		06/30/14			1		*		4.75	%	$	0			$	477		$	479
	Rousseau Ductan ##	Term Loan		12/22/11		12/22/14			1		*		4.25	%	$	0			$	481		$	478
	Santokh Bangay ##	Term Loan		12/10/12		12/10/15			1		*		3.50	%	$	0	$	474	$	474		$	476
	Man Singh ##	Term Loan		08/10/12		08/10/15			1		*		4.00	%	$	0	$	470	$	465		$	467
	Ahmed Elsayed ##	Term Loan		08/01/11		08/01/14	��		1		*		5.00	%	$	0			$	468		$	466
	Charanjeet Kaur & Manjit Singh ##	Term Loan		10/07/10		03/01/15			1		*		4.00	%	$	0			$	462		$	461
	Eustache Romain ##	Term Loan		10/25/10		10/25/13			1		*		5.25	%	$	0			$	461		$	459
	Rafael Kikirov ##	Term Loan		06/22/12		06/22/17			1		*		4.00	%	$	0	$	462	$	454		$	456
	Mohammad A Parvaiz ##	Term Loan		05/26/11		05/26/16			1		*		4.00	%	$	0			$	457		$	455
	Patrick Sattaur ##	Term Loan		11/18/11		11/18/14			1		*		5.00	%	$	0			$	452		$	454
	W.B.L.S Taxi Inc	Term Loan		08/09/12		08/09/15			1		*		3.75	%	$	0	$	450	$	450		$	452
	David Mashkabov ##	Term Loan		10/26/11		10/24/14			1		*		4.00	%	$	0			$	454		$	452
	Mohammed F Munir ##	Term Loan		02/11/11		02/14/14			1		*		4.75	%	$	0			$	447		$	449
	Momar Diagne ##	Term Loan		08/25/11		08/25/14			1		*		4.75	%	$	0			$	443		$	444
	Ranjit Singh ##	Term Loan		02/16/12		02/16/15			1		*		4.00	%	$	0	$	451	$	442	��	$	443
	Olmedo Nocua ##	Term Loan		01/21/11		01/21/14			1		*		5.00	%	$	0			$	441		$	443
	Parkash Taxi Inc ##	Term Loan		08/09/10		08/09/13			1		*		4.00	%	$	0			$	444		$	442
	Gonel Seraphin & Evelyne Serap ##	Term Loan		12/09/11		12/09/14			1		*		4.25	%	$	0			$	441		$	439
	Pierre Jeune ##	Term Loan		12/14/12		12/14/15			1		*		3.50	%	$	0	$	435	$	435		$	437
	Eduard Neyman ##	Term Loan		11/09/11		11/09/16			1		*		4.75	%	$	0			$	434		$	436
	Magloire David ##	Term Loan		04/02/12		04/02/15			1		*		4.25	%	$	0	$	440	$	434		$	435
	Jacob Kuruvilla ##	Term Loan		11/11/09		12/05/17			1		*		3.75	%	$	0			$	432		$	430
	Gurmeet Singh ##	Term Loan		06/21/11		06/21/14			1		*		5.00	%	$	0			$	423		$	424
	Daca Taxi Inc ##	Term Loan		06/02/11		06/02/14			1		*		3.90	%	$	0			$	423		$	424
	Neomi & Z Taxi Inc ##	Term Loan		01/06/11		01/15/16			1		*		3.50	%	$	0			$	422		$	423
	M&J Taxi Inc ##	Term Loan		01/06/11		01/15/16			1		*		3.50	%	$	0			$	422		$	423
	Maya Taxi Inc ##	Term Loan		01/06/11		01/15/16			1		*		3.50	%	$	0			$	422		$	423
	Saba Moshe Taxi Inc ##	Term Loan		01/06/11		01/15/16			1		*		3.50	%	$	0			$	422		$	423
	Mtr Taxi Inc ##	Term Loan		01/06/11		01/15/16			1		*		3.50	%	$	0			$	422		$	423
	King “D” Taxi Inc ##	Term Loan		01/17/12		01/17/15			1		*		3.75	%	$	0	$	412	$	412		$	414
	Nautilus Service Cor ##	Term Loan		01/17/12		01/17/15			1		*		3.75	%	$	0	$	412	$	412		$	414
	Run Service Corp ##	Term Loan		01/17/12		01/17/15			1		*		3.75	%	$	0	$	412	$	412		$	414

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
	Crossbow Taxi Inc ##	Term Loan		01/17/12		01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	413
	Petia Cab Corporation ##	Term Loan		01/17/12		01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	413
	King Verin Taxi Inc ##	Term Loan		01/17/12		01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	413
	Cleopatra Cab Corp ##	Term Loan		01/17/12		01/17/15		1		*		3.75	%	$	0	$	412	$	411	$	413
	Jened Cab Corp ##	Term Loan		03/13/12		01/13/17		1		*		4.25	%	$	0	$	477	$	409	$	411
	Bucur Express Cab Corp ##	Term Loan		06/02/11		06/02/14		1		*		3.90	%	$	0			$	407	$	408
	Frands Fequiere ## &	Term Loan		01/26/11		01/25/14		1		*		5.20	%	$	0			$	405	$	406
	Manuel F Pena ##	Term Loan		04/01/11		04/01/14		1		*		4.50	%	$	0			$	402	$	403
	Dady Hamel ##	Term Loan		04/16/09		12/22/13		1		*		3.90	%	$	0			$	404	$	402
	Y Joey Taxi Inc ##	Term Loan		01/06/11		01/15/16		1		*		3.50	%	$	0			$	400	$	401
	I&I Cab Corp ##	Term Loan		10/06/11		10/05/14		1		*		4.75	%	$	0			$	399	$	401
	N & B Taxi Inc ##	Term Loan		06/24/11		06/24/14		1		*		4.50	%	$	0			$	400	$	401
	Anthony Okyere Duah ##	Term Loan		06/10/11		06/10/14		1		*		5.00	%	$	0			$	395	$	396
	Ruckman Hacking Corp ##	Term Loan		10/14/11		10/14/14		1		*		3.75	%	$	0			$	390	$	391
	Luis E Perez ##	Term Loan		04/13/11		04/13/14		1		*		4.50	%	$	0			$	386	$	387
	Double Cab Corp ##	Term Loan		07/13/12		07/13/15		1		*		3.75	%	$	0	$	380	$	376	$	378
	Ny Berts Cab Corp ##	Term Loan		09/15/10		09/15/13		1		*		6.00	%	$	0			$	373	$	372
	Tarafdar Abul & Tarafdar Luthf &	Term Loan		08/13/10		08/13/13		1		*		7.00	%	$	0			$	371	$	372
	Essa & Soliman Transit Inc ##	Term Loan		08/03/12		08/03/15		1		*		3.75	%	$	0	$	377	$	367	$	369
	Fernande Paul Cab Corp	Term Loan		04/26/11		04/26/14		1		*		4.88	%	$	0			$	366	$	367
	Elsayed A Hassan ##	Term Loan		11/28/11		11/28/14		1		*		4.25	%	$	0			$	363	$	364
	Lelio Bresier & Jeanne Bresier ##	Term Loan		04/01/11		04/01/14		1		*		5.00	%	$	0			$	362	$	364
	Shah M Rahman ##	Term Loan		08/15/11		08/15/14		1		*		4.50	%	$	0			$	364	$	363
	Nour-Ditmars Zamalek Corp ##	Term Loan		04/01/11		04/01/14		1		*		4.90	%	$	0			$	361	$	362
	Malkit Singh ##	Term Loan		08/01/12		08/01/15		1		*		4.50	%	$	0	$	360	$	357	$	359
	Rahul Amin/B Note ##	Term Loan		03/25/09		03/29/14		1		*		4.00	%	$	0			$	358	$	356
	Yberto Santana ##	Term Loan		09/05/12		09/05/15		1		*		4.25	%	$	0	$	356	$	353	$	354
	Harjee Cab Corp/Note 2	Term Loan		12/27/12		12/27/15		1		*		4.25	%	$	0	$	350	$	350	$	353
	Harjee Cab Corp/Note 1	Term Loan		12/27/12		12/27/15		1		*		4.25	%	$	0	$	350	$	350	$	353
	Vosiem Hacking Corp ##	Term Loan		09/09/11		12/05/15		1		*		3.25	%	$	0			$	350	$	351
	Shahdad Bhatti Cab Corp ##	Term Loan		08/24/12		08/24/15		1		*		4.75	%	$	0	$	350	$	348	$	349
	Alexander A Malamud ##	Term Loan		04/20/11		05/01/14		1		*		4.75	%	$	0			$	347	$	348
	Carlot Dalce ##	Term Loan		11/15/10		11/15/13		1		*		5.25	%	$	0			$	340	$	341
	Pierre Cadet ##	Term Loan		03/18/10		03/18/13		1		*		5.50	%	$	0			$	339	$	338
	Gerard G Tema ##	Term Loan		12/06/10		12/06/13		1		*		5.25	%	$	0			$	333	$	334
	Georges Desrosiers ##	Term Loan		06/26/12		06/26/15		1		*		5.00	%	$	0	$	335	$	330	$	331
	Jean A. Alexandre ##	Term Loan		12/12/11		12/12/14		1		*		4.25	%	$	0			$	325	$	323
	Medora Moreira &Juan Mendoza ##	Term Loan		02/18/11		02/18/14		1		*		5.00	%	$	0			$	321	$	322
	Jean B Guerrier ##	Term Loan		08/08/12		08/08/15		1		*		3.75	%	$	0	$	321	$	318	$	320
	Sukhdev Singh & Harpal S Bhola ##	Term Loan		04/24/12		04/24/15		1		*		3.75	%	$	0	$	325	$	319	$	320
	Bj Cab Corp/Note 2 Of 2	Term Loan		11/29/12		11/29/15		1		*		3.75	%	$	0	$	308	$	308	$	311
	Bj Cab Corp/Note 1 Of 2	Term Loan		11/29/12		11/29/15		1		*		3.75	%	$	0	$	308	$	308	$	311
	Abdullah Zivali ##	Term Loan		03/01/12		03/01/15		1		*		4.00	%	$	0	$	325	$	307	$	309
	Rehmet Khan ##	Term Loan		03/04/11		03/04/14		1		*		4.75	%	$	0			$	306	$	307
	Mohammmed H Iqbal ##	Term Loan		09/14/12		09/14/15		1		*		3.75	%	$	0	$	308	$	304	$	305
	Cody Service Co Inc ##	Term Loan		09/15/10		09/10/15		1		*		5.25	%	$	0			$	303	$	304
	Kornos Taxi Inc ##	Term Loan		09/04/12		09/04/15		1		*		4.00	%	$	0	$	301	$	299	$	300
	Emerald I Taxi Corp/Mbank	Term Loan		06/01/12		06/01/15		1		*		5.50	%	$	0	$	300	$	297	$	297
	Platform Taxi Service/Mbank	Term Loan		05/04/12		05/12/17		1		*		5.57	%	$	0	$	300	$	295	$	295
	Chaim Tepper ##	Term Loan		02/10/11		02/10/14		1		*		5.25	%	$	0			$	290	$	291
	Joubert Toussaint ##	Term Loan		09/21/12		09/21/15		1		*		4.00	%	$	0	$	286	$	284	$	285
	Serge Bonny ##	Term Loan		03/02/11		03/02/14		1		*		5.00	%	$	0			$	267	$	268
	Tarek Elsaid ##	Term Loan		05/27/11		05/27/14		1		*		4.25	%	$	0			$	260	$	261
	Bella Hacking Corp	Term Loan		06/25/04		06/25/16		1		*		6.00	%	$	0			$	256	$	255
	Kesef Taxi Inc/Mbank	Term Loan		07/16/12		12/15/15		1		*		3.50	%	$	0	$	251	$	251	$	251
	Ede Service Corp	Term Loan		07/20/07		07/20/17		1		*		2.81	%	$	0			$	210	$	210
	Mohammad Ashraf Ali ##	Term Loan		01/17/12		01/09/15		1		*		4.00	%	$	0	$	422	$	209	$	210
	Ali Akbar ##	Term Loan		03/04/10		10/11/14		1		*		3.75	%	$	0			$	211	$	209

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
	Zorro Taxi Inc ##	Term Loan		12/10/12		12/10/19		1		*		4.75	%	$	0	$	204	$	204	$	205
	Hamilton Transit Llc/Mbank	Term Loan		06/01/12		06/01/15		1		*		5.50	%	$	0	$	200	$	198	$	198
	Abdul H Abid ##	Term Loan		06/09/09		06/09/14		1		*		6.38	%	$	0			$	198	$	198
	Frank Nobile ##	Term Loan		11/26/12		11/26/17		1		*		3.75	%	$	0	$	190	$	190	$	192
	Jackie L Chaiken & Michael Cha ##	Term Loan		03/16/11		03/16/14		1		*		5.00	%	$	0			$	183	$	184
	Zante Cab Corp/Mbank	Term Loan		02/02/10		02/02/15		1		*		5.81	%	$	0			$	183	$	183
	David Taxi Corp	Term Loan		10/05/10		10/04/13		1		*		5.00	%	$	0			$	180	$	181
	Daniel Victor ##	Term Loan		05/06/11		05/06/14		1		*		4.75	%	$	0			$	176	$	177
	Chuhar Singh ##	Term Loan		12/02/11		12/02/16		1		*		3.75	%	$	0			$	175	$	176
	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
	Gasless Transit Llc/Bnote	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
	Fusion Transit Llc/B Note	Term Loan		10/23/06		10/23/16		1		*		2.67	%	$	0			$	175	$	175
	Nicolae Blidariu	Term Loan		02/29/08		02/28/23		1		*		6.50	%	$	0			$	165	$	166
	Roman Fermin ##	Term Loan		08/06/12		08/06/15		1		*		4.25	%	$	0	$	167	$	159	$	160
	Mode Service Corp	Term Loan		06/02/11		06/01/21		1		*		6.00	%	$	0			$	158	$	157
	Ede Service Corp/Mfun	Term Loan		07/24/07		07/20/17		1		*		2.81	%	$	0			$	151	$	151
	Joseph Bologna ##	Term Loan		10/06/10		10/01/13		1		*		5.50	%	$	0			$	145	$	146
	Y.A.M. Associates Corp	Term Loan		10/18/11		04/18/14		1		*		6.00	%	$	0			$	142	$	143
	Anastasios Tsiklidis	Term Loan		04/15/11		10/15/18		1		*		5.13	%	$	0			$	139	$	141
	Ny Diploma Taxi Co	Term Loan		07/20/07		07/20/17		1		*		2.81	%	$	0			$	140	$	140
	Yosi Transit Inc	Term Loan		07/20/07		07/20/17		1		*		2.81	%	$	0			$	140	$	140
	Norberto Cardona ##	Term Loan		03/30/12		03/30/17		1		*		4.00	%	$	0	$	160	$	138	$	139
	Wilfrid Barreau	Term Loan		12/29/09		12/29/16		1		*		5.75	%	$	0			$	131	$	132
	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	$	115	$	117
	Boris Ushman ##	Term Loan		05/21/03		04/13/15		1		*		5.75	%	$	0			$	102	$	102
	Ny Diploma Taxi Corp/Mfun	Term Loan		07/24/07		07/20/17		1		*		2.81	%	$	0			$	101	$	101
	Julella Cab Corp	Term Loan		10/21/10		12/22/16		1		*		4.35	%	$	0			$	91	$	92
	King Pierre Taxi Inc	Term Loan		10/18/10		10/15/13		1		*		5.00	%	$	0			$	90	$	91
	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
	Isotope Transit Llc/B Note	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
	Hybrid Transit Llc/B Note	Term Loan		10/23/06		10/23/16		1		*		2.67	%	$	0			$	85	$	85
	King Mario Taxi Inc	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 Cookie Taxi Corp	Term Loan		10/05/10		10/04/13		1		*		5.00	%	$	0			$	84	$	85
	Proton Transit Llc/B Note	Term Loan		10/16/06		10/16/16		1		*		3.00	%	$	0			$	85	$	84
	Quark Transit Llc/B Note	Term Loan		10/16/06		10/16/16		1		*		3.00	%	$	0			$	85	$	84
	Rechargeable Transit Llc/Bnote	Term Loan		10/16/06		10/16/16		1		*		3.00	%	$	0			$	85	$	84
	Neutron Transit Llc/B Note	Term Loan		10/16/06		10/16/16		1		*		3.00	%	$	0			$	85	$	84
	Ny Pisces Taxi Corp	Term Loan		10/18/10		10/15/13		1		*		5.00	%	$	0			$	78	$	79
	Bu Taxi Llc/Mbank	Term Loan		12/29/10		12/15/15		1		*		5.83	%	$	0			$	75	$	75
	Libnoth Cab Corp/Mbank	Term Loan		09/02/10		09/01/13		1		*		5.00	%	$	0			$	76	$	73
	Junco Taxi Inc/Mbank	Term Loan		09/02/10		09/01/13		1		*		5.00	%	$	0			$	75	$	72
	Heby Taxi Inc./Mbank	Term Loan		09/02/10		09/01/13		1		*		5.00	%	$	0			$	75	$	72
	Calcium One Service Inc	Term Loan		02/23/07		02/23/17		1		*		2.22	%	$	0			$	71	$	71
	Carlos Rios	Term Loan		03/11/11		03/11/14		1		*		5.50	%	$	0			$	70	$	71
	Ede Service Corp	Term Loan		07/20/07		07/20/17		1		*		2.81	%	$	0			$	69	$	69
	Ukraine Service Co	Term Loan		04/18/12		04/18/15		1		*		3.75	%	$	0	$	1,250	$	63	$	65
	Kseniya Service Co Inc	Term Loan		04/18/12		04/18/15		1		*		3.75	%	$	0	$	1,250	$	63	$	65
	Eddy Joseph ##	Term Loan		12/20/00		01/01/14		1		*		6.00	%	$	0			$	61	$	61
	Kesev Taxi Inc	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		*		5.75	%	$	0			$	60	$	60

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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/Mbank	Term Loan		11/01/10		11/01/15		1		*		6.13	%	$	0			$	60	$	60
	Appoint Cab Corp/Mbank	Term Loan		12/06/10		12/06/13		1		*		7.96	%	$	0			$	57	$	57
	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
	Natlon Hacking Corp	Term Loan		08/17/10		08/16/13		1		*		4.75	%	$	0			$	56	$	56
	Y Daddy Taxi Inc/Mbank	Term Loan		07/16/12		12/15/15		1		*		3.50	%	$	0	$	55	$	55	$	55
	Bedford Taxi Llc	Term Loan		06/01/12		06/01/15		1		*		3.75	%	$	0	$	1,400	$	51	$	53
	Avilie Service Inc	Term Loan		03/09/12		03/09/15		1		*		3.75	%	$	0	$	1,200	$	51	$	53
	Mazl Taxi Inc/Mbank	Term Loan		09/07/10		09/07/13		1		*		5.00	%	$	0			$	56	$	53
	Reade Taxi Llc	Term Loan		12/26/12		12/26/15		1		*		3.50	%	$	0	$	1,450	$	50	$	52
	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
	Ziva Cab Corp	Term Loan		12/13/11		12/09/15		1		*		3.60	%	$	0			$	49	$	51
	Edgar Transit Inc	Term Loan		12/13/11		12/09/15		1		*		3.60	%	$	0			$	49	$	51
	Soho Cab Corp	Term Loan		12/23/11		12/22/14		1		*		3.75	%	$	0			$	49	$	51
	Kaderee M & G Corp	Term Loan		12/20/11		12/20/14		1		*		3.75	%	$	0			$	49	$	51
	Calcium One Service Inc	Term Loan		02/23/07		02/23/17		1		*		2.22	%	$	0			$	49	$	49
	Michael Piccolo	Term Loan		05/03/06		03/03/15		1		*		5.50	%	$	0			$	49	$	48
	Bursa Cab Corp/Note 1	Term Loan		03/23/01		09/10/23		1		*		6.00	%	$	0			$	46	$	46
	Ny Diploma Taxi Co	Term Loan		07/20/07		07/20/17		1		*		2.81	%	$	0			$	46	$	46
	Munchkin Transit Inc	Term Loan		03/23/11		12/08/15		1		*		3.60	%	$	0			$	44	$	45
	Marg Cab Corp	Term Loan		03/23/11		12/08/15		1		*		3.60	%	$	0			$	44	$	45
	Tate Cab Corp	Term Loan		03/23/11		12/08/15		1		*		3.60	%	$	0			$	44	$	45
	Leka Transit Inc	Term Loan		03/23/11		12/08/15		1		*		3.60	%	$	0			$	44	$	45
	W Lol Trans Corp	Term Loan		03/23/11		12/08/15		1		*		3.60	%	$	0			$	44	$	45
	W Sar Trans Corp	Term Loan		03/23/11		12/08/15		1		*		3.60	%	$	0			$	44	$	45
	Rus Cab Corp	Term Loan		03/23/11		12/08/15		1		*		3.60	%	$	0			$	44	$	45
	Specter Cab Corp	Term Loan		03/23/11		12/08/15		1		*		3.60	%	$	0			$	44	$	45
	Humidity Hacking Corp	Term Loan		10/21/10		12/22/16		1		*		4.35	%	$	0			$	38	$	39
	Nosea Taxi Llc	Term Loan		01/06/11		01/15/16		1		*		3.50	%	$	0			$	38	$	39
	Agape-Mou Cab Corp	Term Loan		02/17/12		02/12/17		1		*		3.90	%	$	0	$	900	$	36	$	38
	Asterik Cab Co Inc	Term Loan		02/17/12		02/12/17		1		*		3.90	%	$	0	$	900	$	36	$	38
	Copper One Cab Corp	Term Loan		02/17/12		02/12/17		1		*		3.90	%	$	0	$	900	$	36	$	38
	Julia Rose Hacking Corp./Mbank	Term Loan		10/21/10		12/22/16		1		*		6.73	%	$	0			$	37	$	37
	Zahav Taxi Llc/Mbank	Term Loan		07/16/12		12/15/15		1		*		3.50	%	$	0	$	38	$	37	$	37
	Oxford Cab Corp	Term Loan		03/20/12		03/20/15		1		*		4.13	%	$	0	$	1,350	$	35	$	37
	Bursa Cab Corp/Note 2	Term Loan		03/23/01		09/10/23		1		*		6.00	%	$	0			$	36	$	36
	Neer Cab Corp/Mbnk	Term Loan		10/21/10		12/22/16		1		*		6.73	%	$	0			$	33	$	33
	Rahul Amin/B Note	Term Loan		11/20/12		03/29/14		1		*		4.00	%	$	0	$	30	$	30	$	32
	Y Mike Taxi Inc	Term Loan		01/06/11		01/15/16		1		*		3.50	%	$	0			$	30	$	31
	N&A Taxi Inc/Mbank	Term Loan		07/16/12		01/15/16		1		*		3.50	%	$	0	$	30	$	30	$	30
	Y Mati Taxi Inc	Term Loan		07/16/12		01/15/16		1		*		3.50	%	$	0	$	30	$	30	$	30
	Y Meir Taxi Inc/Mbnk	Term Loan		07/16/12		01/15/16		1		*		3.50	%	$	0	$	30	$	30	$	30
	Y Michal Taxi Inc/Mbnk	Term Loan		07/16/12		01/15/16		1		*		3.50	%	$	0	$	30	$	30	$	30
	M.M.Y Taxi Inc/Mbank	Term Loan		07/16/12		01/15/16		1		*		3.50	%	$	0	$	30	$	30	$	30
	S&M Taxi Inc/Mbank	Term Loan		07/16/12		01/15/16		1		*		3.50	%	$	0	$	30	$	30	$	30
	Brandon Taxi Llc/Mbank	Term Loan		11/24/10		11/20/15		1		*		6.63	%	$	0			$	26	$	26
	Barth Taxi Llc/Mbank	Term Loan		11/24/10		11/20/15		1		*		6.63	%	$	0			$	26	$	26
	Nestor R Trivino	Term Loan		02/22/12		02/22/15		1		*		10.00	%	$	0	$	32	$	24	$	26
	Pikada Transit Inc/Mbank	Term Loan		12/08/09		12/22/16		1		*		6.72	%	$	0			$	25	$	25
	Trylon Transit Inc/Mbank	Term Loan		12/08/09		12/22/16		1		*		6.72	%	$	0			$	25	$	25
	Trojan Cab Corp/Mbank	Term Loan		12/08/09		12/22/16		1		*		6.72	%	$	0			$	25	$	25
	Sonia M Trivino	Term Loan		02/22/12		02/22/15		1		*		10.00	%	$	0	$	32	$	23	$	25
	Jaspal Singh/Mbank	Term Loan		10/27/10		10/27/13		1		*		7.00	%	$	0			$	25	$	25
	Mohammed Abdu & H Hedru/Mbank	Term Loan		08/11/06		02/02/13		1		*		5.96	%	$	0			$	25	$	24
	Yegal Express Cab Co/Mbank	Term Loan		11/10/10		11/10/13		1		*		10.13	%	$	0			$	23	$	23
	Mry Taxi Inc/Mbank	Term Loan		07/16/12		12/15/15		1		*		3.50	%	$	0	$	21	$	21	$	21
	Opera Taxi Inc/Mbank	Term Loan		07/16/12		12/15/15		1		*		3.50	%	$	0	$	21	$	21	$	21

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
	Ronen Taxi Inc/Mbank	Term Loan		07/16/12		12/15/15		1		*			3.50	%	$	0		$	21	$	21	$	21
	Tyme Cab Corp	Term Loan		04/04/06		04/15/14		1		*			4.50	%	$	0				$	22	$	21
	Gerard G Tema	Term Loan		12/06/10		12/06/13		1		*			6.50	%	$	0				$	20	$	21
	Y.A.M. Associates Corp	Term Loan		11/14/11		05/14/14		1		*			6.00	%	$	0				$	19	$	20
	West Express Cab Corp/Nt 2/Mbk	Term Loan		03/19/10		07/28/14		1		*			6.17	%	$	0	��			$	19	$	19
	Guy Fouyolle ##	Term Loan		08/18/11		08/18/15		1		*			4.75	%	$	0				$	16	$	17
	2 Brothers Cab Corp	Term Loan		10/14/11		10/14/14		1		*			3.75	%	$	0				$	16	$	17
	Jean M Venord/Mbank	Term Loan		02/11/10		04/10/15		1		*			6.38	%	$	0				$	14	$	14
	Binh Pham	Term Loan		11/14/12		11/14/15		1		*			5.25	%	$	0		$	11	$	11	$	13
	West Express Cab Corp/Nt 1/Mbk	Term Loan		03/19/10		07/28/14		1		*			6.17	%	$	0				$	6	$	6
	Alexander Vizueta	Term Loan		05/22/12		05/22/14		1		*			5.25	%	$	0		$	5	$	4	$	6
	Jorge R Sahad/Mbank	Term Loan		04/27/10		02/03/15		1		*			8.83	%	$	0				$	5	$	5
	Jamcie Service Co Inc/Mbank	Term Loan		06/29/09		07/28/14		1		*			6.05	%	$	0				$	5	$	5
	Jean A. Alexandre	Term Loan		05/31/12		11/30/13		1		*			4.75	%	$	0		$	5	$	4	$	5
	Two Filoi Taxi Inc	Term Loan		01/15/04		01/15/14		1		*			5.75	%	$	0				$	2	$	2
Chicago								115		19	%		5.28	%	$	0		$	31,955	$	40,405	$	40,449
	Cozy Cab Et Al ##	Term Loan		12/22/11		12/22/14		1		2	%		5.50	%	$	0				$	3,380	$	3,368
	Sweetgrass Peach &Chadwick Cap ##	Term Loan		08/28/12		08/28/15		1		1	%		5.50	%	$	0		$	1,750	$	1,737	$	1,731
	Chicago Medallion Nine Llc ##	Term Loan		05/02/12		05/02/17		1		1	%		5.75	%	$	0		$	1,440	$	1,413	$	1,408
	Lucky Seven Chicago One Inc ##	Term Loan		07/19/12		07/19/15		1		1	%		4.88	%	$	0		$	1,290	$	1,281	$	1,278
	Blue Eyes Cab Corp ##	Term Loan		07/19/12		07/19/15		1		1	%		4.88	%	$	0		$	1,290	$	1,281	$	1,277
	Michael Two Cab Corp ##	Term Loan		07/12/12		07/12/15		1		*			5.00	%	$	0		$	1,080	$	1,066	$	1,063
	Johns Cabs Corp ##	Term Loan		04/12/12		04/12/15		1		*			5.00	%	$	0		$	1,050	$	1,037	$	1,034
	Harriet C Inc ##	Term Loan		10/19/12		10/19/16		1		*			5.25	%	$	0		$	940	$	937	$	935
	Chicago Medallion Two Llc ##	Term Loan		12/02/11		12/02/16		1		*			5.75	%	$	0				$	929	$	926
	Chicago Medallion Three Llc ##	Term Loan		12/02/11		12/02/16		1		*			5.75	%	$	0				$	929	$	926
	Chicago Medallion Four Llc ##	Term Loan		12/02/11		12/02/16		1		*			5.75	%	$	0				$	929	$	926
	Chicago Medallion One Llc ##	Term Loan		12/02/11		12/02/16		1		*			5.75	%	$	0				$	929	$	926
	Lmb Taxi V Inc ##	Term Loan		07/12/12		07/12/15		1		*			5.00	%	$	0		$	900	$	888	$	886
	Lmb Taxi Iv Inc ##	Term Loan		07/12/12		07/12/15		1		*			5.00	%	$	0		$	900	$	888	$	886
	Deka Cab Corp (Chicago) ##	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0		$	900	$	885	$	886
	Hudson Cab Corp ##	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0		$	900	$	885	$	886
	Tribeca Two Cab Corp ##	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0		$	720	$	708	$	709
	Stny Taxi Corp ##	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0		$	720	$	708	$	709
	Santorini Six Cab Corp ##	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0		$	720	$	708	$	709
	Santorini Five Cab Corp ##	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0		$	720	$	708	$	709
	Santorini Four Cab Corp ##	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0		$	720	$	708	$	709
	Santorini Two Cab Corp ##	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0		$	720	$	708	$	709
	Tribeca Three Cab Corp ##	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0		$	720	$	708	$	709
	Deka Three Cab Corp ##	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0		$	720	$	708	$	709
	Chicago Medallion Seven Llc ##	Term Loan		05/02/12		05/02/17		1		*			5.75	%	$	0		$	720	$	706	$	705
	Michelle Corp ##	Term Loan		08/16/12		08/16/15		1		*			4.75	%	$	0		$	645	$	640	$	642
	Carol Of Illinois Enterprises ##	Term Loan		10/02/12		10/02/17		1		*			5.50	%	$	0		$	585	$	583	$	585
	Mikhalia Cabs Nine Inc ##	Term Loan		07/12/12		07/12/15		1		*			5.00	%	$	0		$	540	$	533	$	535
	Kayla Hacking Corp ##	Term Loan		07/12/12		07/12/15		1		*			5.00	%	$	0		$	540	$	533	$	535
	Mike Taxi Corp ##	Term Loan		02/24/11		02/24/14		1		*			5.00	%	$	0				$	518	$	519
	Natalia Taxi Corp ##	Term Loan		02/24/11		02/24/14		1		*			5.00	%	$	0				$	517	$	518
	M&N 5Th Avenue Hacking Corp ##	Term Loan		02/24/11		02/24/14		1		*			5.00	%	$	0				$	462	$	463
	Musanour Cab Inc ##	Term Loan		11/09/12		11/09/16		1		*			5.50	%	$	0		$	420	$	420	$	422
	Blue Valentine Cab Corp	Term Loan		12/22/10		10/14/14		1		*			5.00	%	$	0				$	415	$	416
	Tumblin Dice Taxi Inc	Term Loan		12/22/10		10/14/14		1		*			5.00	%	$	0				$	415	$	416
	Moo Moo Cab Co ##	Term Loan		12/27/10		10/14/14		1		*			5.00	%	$	0				$	404	$	403
	Rahwa & Bros Cab Co ##	Term Loan		11/01/11		11/01/16		1		*			6.00	%	$	0				$	325	$	326
	Good Cab Corp/Mbank	Term Loan		03/27/12		03/27/15		1		*			4.73	%	$	0		$	296	$	292	$	292
	American Buffalo Cab Corp	Term Loan		12/22/10		10/14/14		1		*			5.00	%	$	0				$	277	$	278
	Deka Two Cab Corp	Term Loan		03/27/12		03/27/15		1		*			4.74	%	$	0		$	280	$	276	$	276
	Valasia Cab Co ##	Term Loan		01/18/12		01/18/15		1		*			5.00	%	$	0		$	280	$	275	$	276

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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 Seven Inc/Mbnk	Term Loan		07/19/12		07/19/15		1		*		7.25	%	$	0	$	262	$	260	$	260
	Taxi For Less Inc ##	Term Loan		09/20/12		09/20/16		1		*		5.25	%	$	0	$	250	$	249	$	250
	Tekezze Inc	Term Loan		12/14/12		12/14/17		1		*		5.50	%	$	0	$	230	$	230	$	232
	Showcase Sports Management Cor ##	Term Loan		01/22/10		01/22/13		1		*		6.00	%	$	0			$	231	$	230
	Karbala Express Inc ##	Term Loan		10/05/12		10/05/17		1		*		6.50	%	$	0	$	225	$	224	$	225
	Zeyrefda Inc ##	Term Loan		10/25/12		10/25/17		1		*		5.50	%	$	0	$	220	$	219	$	220
	Aniba Management & Services In ##	Term Loan		11/09/12		11/09/16		1		*		5.50	%	$	0	$	210	$	209	$	210
	Interwoodex Inc ##	Term Loan		09/14/12		09/14/17		1		*		6.00	%	$	0	$	190	$	189	$	190
	Annabelle Cab Corporation ##	Term Loan		07/30/12		07/30/16		1		*		5.75	%	$	0	$	180	$	178	$	179
	Tedom Inc	Term Loan		10/29/12		10/29/17		1		*		5.50	%	$	0	$	174	$	173	$	175
	Three Kids Corp	Term Loan		07/03/12		07/03/17		1		*		6.00	%	$	0	$	173	$	171	$	173
	Adi Express Inc ##	Term Loan		09/21/12		09/21/17		1		*		5.75	%	$	0	$	171	$	170	$	171
	Alex Z Cab Corp	Term Loan		09/21/12		09/21/17		1		*		5.50	%	$	0	$	170	$	168	$	170
	Jbl Express Ii Inc	Term Loan		11/04/11		11/04/15		1		*		5.75	%	$	0			$	164	$	165
	Significant Trans Inc ##	Term Loan		04/06/12		04/06/17		1		*		6.50	%	$	0	$	165	$	162	$	163
	Semhar Corp ##	Term Loan		01/31/12		01/31/17		1		*		6.00	%	$	0	$	165	$	161	$	162
	Shere Corp ##	Term Loan		01/04/12		01/04/17		1		*		6.00	%	$	0	$	165	$	160	$	161
	Tahoora Transportation Inc. ##	Term Loan		01/04/12		01/04/17		1		*		6.00	%	$	0	$	165	$	160	$	161
	Experience Chicago Inc	Term Loan		10/25/12		10/25/17		1		*		5.50	%	$	0	$	159	$	158	$	160
	Naneffe Inc ##	Term Loan		02/27/12		02/27/17		1		*		6.00	%	$	0	$	163	$	156	$	157
	Tad Taxi Co	Term Loan		12/01/11		12/01/16		1		*		5.50	%	$	0			$	152	$	154
	Yenemekoya Inc ##	Term Loan		09/10/12		09/10/17		1		*		6.00	%	$	0	$	152	$	150	$	151
	Harris 6741 Inc	Term Loan		03/02/11		03/02/16		1		*		6.50	%	$	0			$	150	$	151
	Jpg Cab Corp	Term Loan		04/23/12		04/23/17		1		*		6.50	%	$	0	$	151	$	148	$	150
	Asmara Cab Company ##	Term Loan		12/01/11		12/01/16		1		*		6.00	%	$	0			$	141	$	142
	Little Wing Cab Corp	Term Loan		04/15/11		10/14/14		1		*		5.00	%	$	0			$	140	$	141
	Little Wing Cab Corp	Term Loan		12/22/10		10/14/14		1		*		5.00	%	$	0			$	139	$	140
	Asmara Inc	Term Loan		01/03/12		01/03/17		1		*		6.00	%	$	0	$	144	$	136	$	138
	Lemlemu Inc	Term Loan		03/11/11		03/11/16		1		*		6.50	%	$	0			$	137	$	138
	Ultra Investment Corp ##	Term Loan		03/22/11		03/22/16		1		*		6.50	%	$	0			$	132	$	133
	Alem B Cab Inc ##	Term Loan		12/09/10		12/09/15		1		*		6.00	%	$	0			$	126	$	127
	Mekleteelsa Inc	Term Loan		01/27/11		01/27/15		1		*		6.50	%	$	0			$	126	$	127
	Imc Cab Corp	Term Loan		08/27/10		04/26/15		1		*		5.00	%	$	0			$	122	$	122
	Bedford Cab Two Corp	Term Loan		07/30/10		04/26/15		1		*		5.00	%	$	0			$	120	$	120
	Delina Cab Inc	Term Loan		12/21/10		12/21/15		1		*		6.00	%	$	0			$	114	$	116
	Pireas Taxi Corp ##	Term Loan		01/25/12		01/25/15		1		*		5.00	%	$	0	$	116	$	114	$	115
	Nour Enterprise Inc ##	Term Loan		03/10/10		03/10/14		1		*		7.75	%	$	0			$	109	$	110
	Antar Trans Inc	Term Loan		09/10/12		09/10/17		1		*		6.00	%	$	0	$	104	$	103	$	105
	Santorini Cab Corp/Mbank	Term Loan		03/27/12		03/27/15		1		*		6.79	%	$	0	$	105	$	103	$	103
	Measho Cab Corp	Term Loan		06/16/11		06/16/16		1		*		6.50	%	$	0			$	101	$	102
	Paik Cab Co	Term Loan		05/26/10		05/26/15		1		*		8.50	%	$	0			$	98	$	99
	Sny Cab Inc ##	Term Loan		12/14/11		12/14/16		1		*		6.00	%	$	0			$	88	$	89
	Tigray Cab Inc	Term Loan		12/03/10		12/03/15		1		*		6.50	%	$	0			$	88	$	89
	Nakfa Corp	Term Loan		07/30/10		07/30/13		1		*		6.50	%	$	0			$	86	$	86
	Addis Flower Taxi Cab Service	Term Loan		05/23/11		05/23/16		1		*		6.50	%	$	0			$	84	$	85
	Moses J Frank ##	Term Loan		05/21/12		05/21/17		1		*		8.00	%	$	0	$	70	$	67	$	68
	Tyrone Henderson	Term Loan		11/21/11		11/21/16		1		*		7.25	%	$	0			$	62	$	64
	Any Cab Corp	Term Loan		03/27/12		03/27/15		1		*		4.50	%	$	0	$	1,062	$	54	$	55
	Haris Taxi Corp ##	Term Loan		01/11/12		01/11/17		1		*		6.00	%	$	0	$	55	$	51	$	52
	New Flower Inc ##	Term Loan		12/13/10		12/13/15		1		*		6.50	%	$	0			$	49	$	50
	Tribeca Cab Corp/Mbank	Term Loan		03/27/12		03/27/15		1		*		6.83	%	$	0	$	48	$	47	$	47
	Big City Taxi Corp/Mbank	Term Loan		03/27/12		03/27/15		1		*		6.83	%	$	0	$	48	$	47	$	47
	N And M Valdof Hacking Corp	Term Loan		02/24/11		02/24/14		1		*		5.00	%	$	0			$	46	$	47
	Oia Cab Corp	Term Loan		03/27/12		03/27/15		1		*		4.50	%	$	0	$	890	$	45	$	46
	Chicago Jacal Hacking Corp	Term Loan		02/24/11		02/24/14		1		*		5.00	%	$	0			$	43	$	44
	Natasha Transportation Inc	Term Loan		02/24/11		02/24/14		1		*		5.00	%	$	0			$	43	$	44
	Madison Cab Corp	Term Loan		03/27/12		03/27/15		1		*		4.50	%	$	0	$	712	$	38	$	39
	Laight Taxi Corp	Term Loan		03/27/12		03/27/15		1		*		4.50	%	$	0	$	712	$	36	$	37

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
	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	$	28
	Baby Blue Cab Corp/Mbank	Term Loan		12/29/10		10/14/14		1		*			7.47	%	$	0			$	27	$	27
	Deal Cab Inc/Mbank	Term Loan		12/29/10		10/14/14		1		*			7.47	%	$	0			$	27	$	27
	Chicago Jacal Hacking Ii Corp	Term Loan		02/24/11		02/24/14		1		*			5.00	%	$	0			$	24	$	25
	Bks Hacking Chicago Corp	Term Loan		02/24/11		02/24/14		1		*			5.00	%	$	0			$	22	$	23
	Mike Nat Hacking Chicago Corp	Term Loan		02/24/11		02/24/14		1		*			5.00	%	$	0			$	22	$	23
	Mai Sheka Inc	Term Loan		06/27/11		06/27/16		1		*			5.50	%	$	0			$	21	$	22
	Brilon One Cab Corp	Term Loan		02/24/11		02/24/14		1		*			5.00	%	$	0			$	20	$	21
	Loni’S Two Cab Corp	Term Loan		02/24/11		02/24/14		1		*			5.00	%	$	0			$	20	$	21
	Rahel Express Inc ##	Term Loan		06/29/12		06/29/16		1		*			5.75	%	$	0	$	20	$	18	$	20
	Any Cab Two Corp	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0	$	354	$	18	$	19
	Franklin Taxi Llc	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0	$	354	$	18	$	19
	St Petersburg Taxi Llc	Term Loan		03/27/12		03/27/15		1		*			4.50	%	$	0	$	354	$	18	$	19
	Midnight Moonlight Taxi Inc/Mb	Term Loan		12/28/10		10/14/14		1		*			7.47	%	$	0			$	13	$	13
	Mai-Nefhi Trans Inc/Mbank	Term Loan		12/16/10		12/16/15		1		*			8.75	%	$	0			$	4	$	4
Newark								99		8	%		6.70	%	$	0	$	6,214	$	17,342	$	17,427
	Hg & Zg Corporation	Term Loan		10/25/12		10/25/17		1		*			5.25	%	$	0	$	295	$	293	$	295
	One At A Time Time Transport I ##	Term Loan		09/20/12		09/20/16		1		*			5.25	%	$	0	$	290	$	288	$	289
	United Seven Trans Inc	Term Loan		06/14/12		06/14/17		1		*			5.75	%	$	0	$	290	$	286	$	288
	Levangile Milcent ##	Term Loan		12/13/12		12/13/16		1		*			5.25	%	$	0	$	285	$	285	$	283
	Esperanta Romelus &	Term Loan		10/25/12		10/25/16		1		*			5.60	%	$	0	$	276	$	276	$	278
	Mido Taxi Inc ##	Term Loan		10/25/12		10/25/16		1		*			5.25	%	$	0	$	278	$	276	$	277
	Hg & Zg Corporation	Term Loan		10/25/12		10/25/17		1		*			5.25	%	$	0	$	275	$	273	$	274
	P.C. Taxi Corp ##	Term Loan		07/19/12		07/19/16		1		*			6.00	%	$	0	$	272	$	270	$	271
	Cmgv #2 Taxi Inc ##	Term Loan		12/05/12		12/13/15		1		*			7.25	%	$	0	$	260	$	260	$	261
	085 Force Llc &	Term Loan		02/17/11		02/17/15		1		*			7.00	%	$	0			$	252	$	253
	Sonson Taxi Inc ##	Term Loan		10/25/12		10/25/17		1		*			5.50	%	$	0	$	250	$	250	$	251
	Rachel Llc	Term Loan		04/14/11		04/14/15		1		*			7.50	%	$	0			$	249	$	251
	R And B Taxi Company	Term Loan		01/15/10		01/14/14		1		*			7.00	%	$	0			$	251	$	251
	Luckner Etienne ##	Term Loan		10/25/12		10/25/16		1		*			5.50	%	$	0	$	250	$	249	$	250
	Clair 282 Llc	Term Loan		08/09/12		08/09/16		1		*			5.25	%	$	0	$	250	$	248	$	250
	Lesly Jeanjoseph	Term Loan		01/09/09		01/08/13		1		*			7.50	%	$	0			$	248	$	248
	Grec Taxi Corp	Term Loan		12/08/11		12/08/15		1		*			6.00	%	$	0			$	244	$	246
	Serge Garcon ##	Term Loan		02/16/12		02/16/16		1		*			6.00	%	$	0	$	250	$	244	$	245
	United Seven Trans Inc	Term Loan		06/14/12		06/14/17		1		*			5.75	%	$	0	$	260	$	239	$	241
	Josh & Becka Taxi Inc &	Term Loan		01/15/10		01/15/13		1		*			7.25	%	$	0			$	241	$	241
	M.K. Taxi Inc	Term Loan		04/14/11		04/14/15		1		*			6.75	%	$	0			$	238	$	240
	Wilner Novaly	Term Loan		08/12/10		07/22/14		1		*			7.50	%	$	0			$	238	$	239
	Rosemond Mathurin ##	Term Loan		12/13/12		12/13/17		1		*			5.25	%	$	0	$	234	$	234	$	235
	Ekny Fils-Aime ##	Term Loan		10/17/11		10/17/16		1		*			6.25	%	$	0			$	233	$	235
	Romise Fils-Aime	Term Loan		06/10/10		06/10/14		1		*			7.50	%	$	0			$	235	$	235
	Jean Milo Saintus ##	Term Loan		02/16/12		02/16/16		1		*			6.00	%	$	0	$	239	$	234	$	234
	S.J.L.T Joujean Inc	Term Loan		03/15/12		03/15/16		1		*			6.00	%	$	0	$	232	$	228	$	230
	Semsema Trans Corporation	Term Loan		05/17/12		05/17/17		1		*			6.00	%	$	0	$	232	$	223	$	225
	Erick Fleuridor	Term Loan		07/19/12		07/19/15		1		*			5.50	%	$	0	$	224	$	221	$	223
	Lagrande Taxi Corp	Term Loan		12/11/09		12/03/13		1		*			7.50	%	$	0			$	223	$	223
	Maitre Joa Llc	Term Loan		08/04/11		08/04/15		1		*			7.50	%	$	0			$	220	$	220
	Dern #2 Taxi Inc	Term Loan		09/16/10		09/16/14		1		*			7.50	%	$	0			$	219	$	220
	Jacob Joseph ##	Term Loan		04/02/09		04/02/13		1		*			8.50	%	$	0			$	221	$	220
	Carvin Taxi Inc	Term Loan		04/14/11		04/14/15		1		*			7.00	%	$	0			$	216	$	218
	Joseph Duverneau ##	Term Loan		02/17/11		02/17/15		1		*			7.00	%	$	0			$	215	$	216
	Joseph And Jamar Inc ##	Term Loan		10/07/10		10/07/14		1		*			7.50	%	$	0			$	212	$	213
	Marcillino Corp ##	Term Loan		09/04/08		09/04/13		1		*			7.50	%	$	0			$	211	$	210
	Stany Inc	Term Loan		05/12/11		05/12/15		1		*			6.75	%	$	0			$	206	$	208
	Fils Julien ##	Term Loan		09/03/09		09/03/13		1		*			7.50	%	$	0			$	207	$	206
	Gerard Revolus	Term Loan		05/15/08		05/14/16		1		*			6.00	%	$	0			$	206	$	205

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
	Alix Exavier ##	Term Loan		04/02/09		04/02/13		1		*		7.50	%	$	0			$	201	$	200
	Marie Augustin	Term Loan		02/04/10		02/04/14		1		*		7.50	%	$	0			$	198	$	198
	Timax 426 Inc	Term Loan		02/05/09		02/05/13		1		*		7.50	%	$	0			$	197	$	197
	Micheline Luxeus ##	Term Loan		12/13/12		12/13/17		1		*		5.50	%	$	0	$	193	$	193	$	195
	Zoune Taxi #2 Inc ##	Term Loan		10/12/11		10/06/16		1		*		7.50	%	$	0			$	193	$	195
	Thomas Lahens ##	Term Loan		06/09/11		06/09/15		1		*		6.75	%	$	0			$	194	$	194
	Herve Dameus & James Dameus ##	Term Loan		01/25/11		01/20/15		1		*		7.50	%	$	0			$	193	$	194
	Matias Paul ##	Term Loan		05/12/11		05/12/15		1		*		6.75	%	$	0			$	192	$	193
	Mfc Taxi Corp ##	Term Loan		09/20/11		09/19/16		1		*		6.50	%	$	0			$	190	$	191
	Jodieu Taxi Inc &	Term Loan		09/17/09		09/17/13		1		*		8.50	%	$	0			$	190	$	190
	Chell 11 Corp	Term Loan		08/12/10		08/05/14		1		*		7.00	%	$	0			$	188	$	189
	Erick Fleuridor	Term Loan		10/25/12		10/25/16		1		*		5.50	%	$	0	$	183	$	183	$	185
	Sergo Xavier Previlon ##	Term Loan		10/15/09		10/15/13		1		*		7.50	%	$	0			$	184	$	183
	Marie Jeanne Philemon	Term Loan		07/07/11		07/07/15		1		*		6.50	%	$	0			$	178	$	180
	Just 8 Taxi #2 Inc ##	Term Loan		09/20/11		09/19/15		1		*		6.00	%	$	0			$	177	$	178
	Bidon Taxi Inc	Term Loan		08/04/11		08/04/15		1		*		6.50	%	$	0			$	171	$	173
	Cassandra & Joseph Sejour Inc	Term Loan		04/09/10		04/09/14		1		*		7.75	%	$	0			$	172	$	173
	Saintilia Charles ##	Term Loan		09/13/10		09/13/14		1		*		7.50	%	$	0			$	171	$	171
	Simone Francois ##	Term Loan		05/06/11		05/06/15		1		*		7.75	%	$	0			$	169	$	170
	Adieula Figaro ##	Term Loan		10/06/11		10/06/15		1		*		6.00	%	$	0			$	167	$	168
	Charata Taxi Inc	Term Loan		04/09/10		04/09/14		1		*		7.75	%	$	0			$	161	$	162
	Jeannot Louis	Term Loan		06/11/09		06/11/13		1		*		7.00	%	$	0			$	161	$	161
	Antoines Dortin ##	Term Loan		08/12/10		08/12/14		1		*		7.50	%	$	0			$	155	$	156
	Ahmad Taxi Inc	Term Loan		06/09/11		06/09/16		1		*		6.75	%	$	0			$	152	$	154
	424 Taxi Llc	Term Loan		01/20/12		01/20/17		1		*		7.00	%	$	0	$	155	$	150	$	152
	Forward Taxi Corp	Term Loan		03/15/12		03/15/17		1		*		6.00	%	$	0	$	150	$	145	$	147
	Mebele Pierre ##	Term Loan		10/07/10		10/07/14		1		*		7.25	%	$	0			$	146	$	147
	Charles Agesilas ##	Term Loan		07/10/09		07/10/14		1		*		7.50	%	$	0			$	146	$	146
	0127 Incorporated ##	Term Loan		07/19/12		07/19/16		1		*		5.50	%	$	0	$	150	$	144	$	145
	Yves Frantz Philemon	Term Loan		01/20/11		01/20/15		1		*		7.50	%	$	0			$	135	$	136
	Renelus Dieujuste ##	Term Loan		12/03/09		12/03/13		1		*		7.50	%	$	0			$	135	$	135
	Jovin Taxi Inc ##	Term Loan		03/09/09		03/09/13		1		*		7.50	%	$	0			$	135	$	135
	Three Sons 2 Taxi Inc	Term Loan		10/15/09		10/15/15		1		*		8.00	%	$	0			$	131	$	132
	Bettie Jean &	Term Loan		10/11/07				1		*		8.75	%	$	0			$	131	$	131
	Alhayat Taxi Inc	Term Loan		07/07/11		07/07/15		1		*		7.25	%	$	0			$	126	$	128
	E-Z-4-U Inc	Term Loan		01/19/12		01/19/16		1		*		6.00	%	$	0	$	139	$	124	$	126
	Amilcar Prophete	Term Loan		04/02/09		04/02/13		1		*		7.50	%	$	0			$	125	$	125
	Olga Morales	Term Loan		03/15/12		03/15/16		1		*		6.00	%	$	0	$	126	$	122	$	124
	Lucita Dorely	Term Loan		10/16/09		10/15/13		1		*		8.50	%	$	0			$	123	$	123
	Louibert Julien	Term Loan		06/19/09		06/19/14		1		*		7.00	%	$	0			$	122	$	122
	Don Taxi Corp ##	Term Loan		09/02/10		09/02/14		1		*		7.50	%	$	0			$	108	$	109
	Saintvill #2 Taxi Corp	Term Loan		12/14/09		12/03/13		1		*		7.50	%	$	0			$	97	$	97
	Gerald Jean-Louis ## &	Term Loan		04/02/09		04/02/13		1		*		8.50	%	$	0			$	96	$	96
	Praise The Lord Taxi Inc	Term Loan		05/20/11		05/20/15		1		*		6.75	%	$	0			$	89	$	90
	Clameus Estimable	Term Loan		05/06/10		05/06/14		1		*		7.50	%	$	0			$	89	$	89
	Gethsemane Inc	Term Loan		02/27/09		02/27/14		1		*		7.68	%	$	0			$	88	$	88
	Mr Clean Sdam Taxi Llc	Term Loan		06/09/11		06/09/15		1		*		6.75	%	$	0			$	82	$	84
	Pola Trans Inc ##	Term Loan		07/19/12		07/19/17		1		*		5.50	%	$	0	$	83	$	82	$	83
	Pegy Taxi Corp	Term Loan		02/17/11		02/17/17		1		*		6.50	%	$	0			$	80	$	82
	Pierre Sterling	Term Loan		01/19/12		01/19/17		1		*		6.00	%	$	0	$	93	$	78	$	80
	Webert Joseph	Term Loan		02/17/11		02/17/17		1		*		6.50	%	$	0			$	63	$	65
	Jean Belony	Term Loan		06/09/11		06/09/16		1		*		6.50	%	$	0			$	56	$	58
	100 Taxi #2 Corp	Term Loan		07/25/08		07/25/15		1		*		8.00	%	$	0			$	51	$	51
	Saeiid Llc	Term Loan		09/06/11		09/06/16		1		*		6.25	%	$	0			$	40	$	42
	Abanob Trans Inc	Term Loan		06/14/07		06/14/14		1		*		8.00	%	$	0			$	34	$	34
	Marie T #2 Taxi Corp	Term Loan		12/07/06		12/07/13		1		*		8.00	%	$	0			$	24	$	24
	Marie C Taxi Inc	Term Loan		04/12/07		04/12/14		1		*		8.00	%	$	0			$	21	$	21
	Graciela Carbajal	Term Loan		05/10/07		05/10/14		1		*		8.00	%	$	0			$	20	$	20

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
	Tchacito #2 Taxi Corp	Term Loan		12/07/06		12/07/13		1		*			8.00	%	$	0			$	12	$	12
Boston								51		9	%		5.47	%	$	0	$	13,211	$	19,713	$	19,776
	Ngozi Trans Inc.	Term Loan		12/31/12		12/31/15		1		*			4.50	%	$	0	$	660	$	660	$	663
	Ngozi Trans Inc. ##	Term Loan		04/20/12		04/20/15		1		*			5.50	%	$	0	$	377	$	369	$	371
	Ngozi Trans Inc.	Term Loan		12/31/12		12/31/15		1		*			4.50	%	$	0	$	330	$	330	$	333
	Chidi Trans Inc ##	Term Loan		11/17/11		11/17/14		1		*			6.00	%	$	0			$	701	$	699
	Chidi Trans Inc	Term Loan		04/20/12		04/20/15		1		*			5.50	%	$	0	$	664	$	655	$	657
	Mish Inc	Term Loan		12/28/12		12/28/16		1		*			4.00	%	$	0	$	920	$	920	$	918
	Southside Enterprises Inc	Term Loan		12/28/12		12/28/16		1		*			4.00	%	$	0	$	920	$	920	$	918
	Chiso Trans Inc	Term Loan		04/20/12		04/20/15		1		*			5.50	%	$	0	$	628	$	619	$	621
	Arinze Trans Inc	Term Loan		04/20/12		04/20/15		1		*			5.50	%	$	0	$	621	$	612	$	614
	Arinze Trans Inc	Term Loan		02/05/10		02/05/13		1		*			7.25	%	$	0			$	613	$	613
	Chiso Trans Inc	Term Loan		11/30/09		11/30/13		1		*			7.25	%	$	0			$	552	$	552
	Johnson Holdings Inc ##	Term Loan		07/24/08		07/24/13		1		*			7.00	%	$	0			$	544	$	542
	Gabriel Trans Holdings Inc	Term Loan		04/20/12		04/20/15		1		*			5.50	%	$	0	$	540	$	530	$	532
	Memory Cab Company Inc ##	Term Loan		01/14/11		01/14/14		1		*			6.25	%	$	0			$	533	$	531
	Dadou Cab Inc	Term Loan		11/16/12		11/16/15		1		*			5.38	%	$	0	$	469	$	468	$	471
	Theo & Jj Cab Inc	Term Loan		11/16/12		11/16/15		1		*			5.38	%	$	0	$	469	$	468	$	471
	Bailey Cab Inc	Term Loan		11/09/12		11/09/15		1		*			5.50	%	$	0	$	510	$	468	$	471
	Joyful Ride Inc	Term Loan		12/28/12		12/28/16		1		*			4.00	%	$	0	$	460	$	460	$	462
	Eldali Transportation Inc	Term Loan		11/09/12		11/09/15		1		*			5.25	%	$	0	$	460	$	459	$	462
	Ruth Cab Inc	Term Loan		11/09/12		11/09/15		1		*			5.25	%	$	0	$	460	$	459	$	462
	Djbell Love Inc ##	Term Loan		09/27/12		09/27/15		1		*			5.00	%	$	0	$	440	$	439	$	441
	Odat Taxi, Inc. ##	Term Loan		10/15/12		10/15/15		1		*			5.38	%	$	0	$	440	$	438	$	440
	Theo Cab Inc ##	Term Loan		10/15/12		10/15/15		1		*			5.38	%	$	0	$	440	$	438	$	440
	Jv Taxi Inc ##	Term Loan		11/30/12		11/30/15		1		*			4.50	%	$	0	$	415	$	414	$	416
	Myra Inc	Term Loan		10/12/12		10/12/15		1		*			5.75	%	$	0	$	405	$	404	$	406
	Jason Cab Inc	Term Loan		03/02/12		03/02/15		1		*			7.75	%	$	0	$	475	$	404	$	406
	Saint Inc	Term Loan		10/12/12		10/12/15		1		*			5.75	%	$	0	$	384	$	383	$	385
	P&P Dumerant Corp &	Term Loan		10/28/11		10/28/14		1		*			7.00	%	$	0			$	379	$	381
	Jmf Cab Inc ##	Term Loan		03/27/12		03/27/15		1		*			5.70	%	$	0	$	360	$	352	$	354
	H And H Taxi Inc ##	Term Loan		11/17/11		11/17/14		1		*			6.00	%	$	0			$	342	$	344
	God Is Good Inc ##	Term Loan		02/24/12		02/24/15		1		*			5.25	%	$	0	$	346	$	339	$	341
	Shemarjamalie Cab Inc	Term Loan		02/17/12		02/17/15		1		*			6.15	%	$	0	$	335	$	323	$	325
	Boband Cab Inc ##	Term Loan		11/06/12		11/06/15		1		*			4.75	%	$	0	$	304	$	303	$	304
	Jesus Denis Cab Inc ##	Term Loan		09/24/10		09/24/13		1		*			6.25	%	$	0			$	303	$	304
	Louine Cab Inc	Term Loan		11/30/12		11/30/15		1		*			4.50	%	$	0	$	300	$	300	$	303
	Jre Taxi Inc ##	Term Loan		08/26/11		08/26/14		1		*			6.00	%	$	0			$	291	$	292
	Urzal Taxi Inc ##	Term Loan		11/05/10		11/05/13		1		*			6.00	%	$	0			$	284	$	285
	Amitaf Cab Inc ##	Term Loan		09/24/10		09/24/13		1		*			6.25	%	$	0			$	283	$	284
	Phatricksey Cab Inc ##	Term Loan		07/14/11		07/14/14		1		*			5.50	%	$	0			$	265	$	266
	Chardon Taxi Inc	Term Loan		10/20/11		10/20/14		1		*			6.75	%	$	0			$	257	$	259
	Matrem, Inc. ##	Term Loan		04/11/08		04/11/13		1		*			3.50	%	$	0			$	233	$	233
	Amour Inc. ##	Term Loan		04/11/08		04/11/13		1		*			3.50	%	$	0			$	233	$	232
	Agla, Inc. ##	Term Loan		04/11/08		04/11/13		1		*			3.50	%	$	0			$	233	$	232
	Dabola Cab Inc ##	Term Loan		11/10/11		11/10/14		1		*			5.50	%	$	0			$	180	$	181
	Stanley & Rachelle Cab Inc	Term Loan		05/23/11		05/23/14		1		*			6.00	%	$	0			$	179	$	180
	Mwinkteana Cab Inc ##	Term Loan		05/10/11		05/10/14		1		*			6.00	%	$	0			$	162	$	163
	Kena Cab Inc	Term Loan		11/06/12		11/06/15		1		*			4.75	%	$	0	$	79	$	79	$	81
	Johnson Holdings Inc	Term Loan		10/01/10		10/01/15		1		*			6.63	%	$	0			$	46	$	47
	Sarhad Coach Inc	Term Loan		05/23/08		05/23/13		1		*			7.00	%	$	0			$	44	$	44
	Sunshine Cab Inc ##	Term Loan		06/12/07		06/12/18		1		*			5.00	%	$	0			$	27	$	27
	Marthine Cab Inc	Term Loan		09/17/10		09/17/14		1		*			6.25	%	$	0			$	16	$	17
Cambridge								18		2	%		5.74	%	$	0	$	1,720	$	5,260	$	5,275
	Gcf Taxi Inc ##	Term Loan		10/08/10		10/08/13		1		*			6.60	%	$	0			$	685	$	683
	Gcf Taxi Inc, Et Al/B Note	Term Loan		11/18/10		11/18/20		1		*			6.25	%	$	0			$	548	$	550

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
		Mgf Taxi Inc	Term Loan		05/06/11		05/06/14		1		*			6.50	%	$	0			$	375	$	376
		Hope-Lynn Cabworks Inc ##	Term Loan		04/01/11		04/01/14		1		*			6.00	%	$	0			$	364	$	365
		Desdunes Cab Inc	Term Loan		09/21/12		09/21/15		1		*			5.00	%	$	0	$	355	$	352	$	354
		Drumman Trans Inc	Term Loan		12/07/12		12/07/15		1		*			4.50	%	$	0	$	349	$	349	$	352
		Patrick Cab Inc	Term Loan		12/15/09		12/15/15		1		*			4.50	%	$	0			$	329	$	329
		Andrew Cab Inc	Term Loan		12/15/09		12/15/15		1		*			4.50	%	$	0			$	327	$	327
		Legend Trans Inc	Term Loan		01/29/10		07/29/13		1		*			7.40	%	$	0			$	310	$	310
		Sam Taxi Inc	Term Loan		03/19/10		03/10/13		1		*			6.50	%	$	0			$	307	$	307
		Marcia And Everton Cab Inc ##	Term Loan		11/09/12		11/09/15		1		*			4.00	%	$	0	$	300	$	299	$	300
		Walger Inc	Term Loan		01/26/12		01/26/15		1		*			5.50	%	$	0	$	296	$	290	$	292
		Raad Taxi Inc	Term Loan		06/26/12		06/26/15		1		*			5.50	%	$	0	$	290	$	286	$	288
		Randah Cab Inc ##	Term Loan		11/15/10		11/15/13		1		*			5.75	%	$	0			$	207	$	208
		Taxi Technology Inc ##	Term Loan		10/26/12		10/26/15		1		*			4.75	%	$	0	$	130	$	129	$	131
		Viel Cab Inc/Mbank	Term Loan		02/19/10		02/19/13		1		*			9.22	%	$	0			$	46	$	46
		Brattle Transportation Service/Mbank	Term Loan		12/17/09		12/17/15		1		*			7.73	%	$	0			$	39	$	39
		Gasperina Trans Inc/Mbank	Term Loan		09/19/08		03/19/15		1		*			8.48	%	$	0			$	18	$	18
Other									12		1	%		6.70	%	$	0	$	224	$	2,899	$	2,898
		Dorit Matityahu ##	Term Loan		08/04/11		08/04/14		1		1	%		6.25	%	$	0			$	2,132	$	2,124
		Tjp Inc ##	Term Loan		01/09/12		01/09/15		1		*			6.00	%	$	0	$	224	$	220	$	221
		Hantin Trans/Aventura Taxi &	Term Loan		06/16/10		06/16/17		1		*			8.25	%	$	0			$	145	$	147
		Zelalem S. Alemu	Term Loan		04/28/08		04/28/13		1		*			11.00	%	$	0			$	110	$	110
		Wiljean Marcelin &	Term Loan		11/17/10		12/01/15		1		*			8.25	%	$	0			$	102	$	103
		Getrot Michel	Term Loan		03/07/08		03/23/14		1		*			7.75	%	$	0			$	76	$	76
		Elzira & Luc Cab Inc.	Term Loan		08/17/10		08/17/13		1		*			8.25	%	$	0			$	45	$	46
		Elysse Corporation	Term Loan		09/10/10		03/10/18		1		*			8.25	%	$	0			$	30	$	32
		Wiljean Marcelin/Fs &	Term Loan		11/17/10		12/01/15		1		*			7.00	%	$	0			$	15	$	15
		Oddy Transportation Services I	Term Loan		11/26/07		11/27/14		1		*			8.00	%	$	0			$	14	$	14
		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 ($227,521 pledged as collateral under borrowing arrangements)									715		136	%		4.46	%	$	0	$	151,685	$	294,183	$	294,388
Commercial Loans
Secured mezzanine(29% Minnesota, 14% Oklahoma, 9% North Carolina, 9% Texas, 8% New York
7% California, 6% Wisconsin, 5% Arizona, 5% Florida and 8% all other states(2)
Manufacturing (68% of the total)		Reel Power	Term loan		12/31/09		02/04/14		1		2	%		14.00	%	$	86			$	3,587	$	3,587
		Bluff Manufacturing (interest rate includes PIK interest of 3.50%)	Term loan		12/14/12		12/14/17		1		1	%		15.50	%	$	5	$	3,000	$	3,005	$	3,016
		Process Fab & (interest rate includes PIK interest of 8.00%)	Term loan		04/17/08		12/31/15		1		1	%		8.00	%					$	4,500	$	2,815
		Quaker Bakery (interest rate includes PIK interest of 5.00%)	Term loan		03/28/12		03/28/17		1		1	%		17.00	%	$	103	$	2,600	$	2,703	$	2,692
	+	Packaging Specialists (interest rate includes PIK interest of 6.00%)	Term loan		04/01/08		12/31/13		1		1	%		14.00	%	$	224			$	2,214	$	2,214
		Aeration & (interest rate includes PIK interest of 21.00%)	Term loan		12/31/10		04/30/13		1		1	%		21.00	%	$	81			$	2,416	$	2,187
	+	PACA Foods &	Term loan		12/31/10		12/31/15		1		1	%		13.00	%					$	2,623	$	2,021
		Dynamic Systems (interest rate includes PIK interest of 3.50%)	Term loan		12/23/10		12/23/17		1		1	%		15.50	%	$	33			$	1,858	$	1,858
	+	RespirTech	Term loan		04/25/12		04/25/17		1		1	%		12.00	%			$	1,500	$	1,500	$	1,510
		Orchard &	Term loan		03/10/99		Matured		1		1	%		13.00	%					$	1,390	$	1,390
		Motion Tech (interest rate includes PIK interest of 6.00%)	Term loan		12/23/10		12/23/15		1		1	%		18.00	%	$	38			$	1,325	$	1,329
	+	Door Engineering	Term loan		12/15/04		12/31/14		1		*			13.00	%					$	1,050	$	1,042
	+	Waltek	Term loan		03/31/06		03/31/13		1		*			12.00	%	$	62			$	1,041	$	1,041

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
		Storflex (interest rate includes PIK interest of 2.00%)	Term loan		07/17/12		07/17/17		1		*			14.00	%			$	1,000	$	1,000	$	1,013
	+	DMI Acquisition (interest rate includes PIK interest of 2.00%)	Term loan		06/22/12		06/22/15		1		*			14.00	%	$	7	$	625	$	632	$	642
Administrative and Support Services (12% of the total)		Verifications	Term loan		09/06/12		09/06/17		1		1	%		12.00	%			$	2,500	$	2,500	$	2,517
	+	Staff One & (interest rate includes PIK interest of 13.00%)	Term loan		06/30/08		12/31/13		1		1	%		13.00	%					$	3,306	$	1,854
	+	Staff One & (interest rate includes PIK interest of 13.00%)	Term loan		09/15/11		12/31/13		1		*			13.00	%					$	615	$	615
		Ecological Systems (ESI) & (interest rate includes PIK interest of 9.00%)	Term loan		01/14/05		Matured		1		*			19.00	%	$	198			$	989	$	0
Arts, Entertainment, and Recreation (9% of the total)		RPAC Racing (interest rate includes PIK interest of 10.00%)	Term loan		11/19/10		11/19/15		1		2	%		10.00	%	$	703			$	3,742	$	3,742
Professional, Scientific, and Technical Services (6% of the total)	+	Portu-Sunberg	Term loan		12/31/12		12/31/17		1		1	%		12.00	%			$	2,500	$	2,500	$	2,514
		McCaully &	Term loan		10/26/11		11/01/14		1		*			10.00	%	$	96			$	96	$	96
Accommodation and Food Services (2% of the total)		Javier & David	Term loan		11/05/10		11/05/15		1		*			9.25	%					$	577	$	573
		Star &	Term loan		06/30/00		10/01/15		1		*			10.00	%					$	1,197	$	231
		Multiconcepts &	Term loan		06/30/00		10/01/15		1		*			10.00	%	$	179			$	1,261	$	181
Health Care and Social Assistance (2% of the total)	+	Will Vision &	Term loan		06/28/07		06/30/17		1		*			7.00	%					$	1,219	$	919
Retail Trade (1% of the total)		Retail &	Term loan		06/30/00		10/01/15		1		*			10.00	%	$	2			$	610	$	234
Total secured mezzanine(2)									27		19	%		13.04	%	$	1,817	$	13,725	$	49,456	$	41,833
Asset-based Other secured commercial (74% New York, 12% New Jersey, 5% Delaware and 9% all other states)
Wholesale Trade (43% of the total)		Capitalsea, LLC ##	Revolving line of credit		11/07/05		11/07/13		1		1	%		4.50	%	$	0			$	1,558	$	1,530
		Newburg Egg Corp. ##	Revolving line of credit		03/16/99		03/16/13		1		*			6.00	%	$	0			$	967	$	953
		REL International	Revolving line of credit		04/11/07		04/11/13		1		*			5.25	%	$	0			$	258	$	250
		Snow Shoe Refractories, LLC	Revolving line of credit		11/30/11		11/30/13		1		*			6.00	%	$	0			$	255	$	247
		Magic Moments	Revolving line of credit		01/23/08		01/23/13		1		*			6.75	%	$	0			$	205	$	201
		Pride of Neptune, Inc. ##	Revolving line of credit		01/14/02		01/14/13		1		*			4.75	%	$	0			$	162	$	160
		Atlantic Veal & Lamb, Inc. ##	Revolving line of credit		08/15/01		08/15/13		1		*			5.50	%	$	0			$	97	$	96
		Southstream Seafoods, Inc	Revolving line of credit		06/01/12		06/01/13		1		*			6.25	%	$	0	$	74	$	74	$	73
		Banner Smoked Fish, Inc. ##	Revolving line of credit		03/27/01		03/27/13		1		*			5.25	%	$	0			$	54	$	53
		Two Cousins Fish Market, Inc.	Revolving line of credit		01/23/99		01/23/13		1		*			5.25	%	$	0			-$	59	-$	59
Transportation and Warehousing (19% of the total)		Fleet Radio Dispatch Corp. ##	Revolving line of credit		12/31/01		12/31/13		1		*			6.00	%	$	0			$	771	$	760
		Communicar Incorporated ##	Revolving line of credit		02/06/04		02/06/13		1		*			7.25	%	$	0			$	370	$	365
		Chauffeured Services Unlimited	Revolving line of credit		05/02/06		05/02/13		1		*			8.00	%	$	0			$	208	$	205
		Big Daddy Drayage, Inc.	Revolving line of credit		10/18/06		10/18/13		1		*			5.75	%	$	0			$	162	$	152
		Luxury Worldwide	Revolving line of credit		07/20/07		07/20/13		1		*			5.75	%	$	0			-$	52	-$	55
Retail Trade (10% of the total)		I & E Tire Corp. ##	Revolving line of credit		12/21/98		12/21/13		1		*			5.75	%	$	0			$	326	$	321
		Cyrus R. Fox, Inc. ##	Revolving line of credit		08/31/06		08/31/13		1		*			5.75	%	$	0			$	167	$	157
		CNC Associated N.Y.	Revolving line of credit		07/24/01		07/24/13		1		*			5.75	%	$	0			$	120	$	118
		Colt, Inc.	Revolving line of credit		10/12/04		10/12/13		1		*			6.31	%	$	0			$	71	$	67
		The Dependable Food Corp. ##	Revolving line of credit		10/19/98		10/19/13		1		*			4.75	%	$	0			$	54	$	53

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 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
Finance and Insurance (9% of the total)		Merchant Advance, LLC	Revolving line of credit		10/25/05		10/25/13		1		*			6.25	%	$	0			$	250	$	231
		US Military	Revolving line of credit		07/25/07		07/25/13		1		*			4.25	%	$	0			$	148	$	139
		Special Financing Company, LLC	Revolving line of credit		02/06/02		02/06/13		1		*			8.25	%	$	0			$	100	$	99
		RAS Group, Inc.	Revolving line of credit		02/14/08		02/14/13		1		*			5.50	%	$	0			$	75	$	72
		United First Federal Corp.	Revolving line of credit		08/04/03		08/04/13		1		*			7.75	%	$	0			$	72	$	71
		North Shore Leasing & Funding	Revolving line of credit		11/10/11		11/10/13		1		*			8.25	%	$	0			$	33	$	32
Construction (7% of the total)		Triple A. Supplies, Inc. ##	Revolving line of credit		07/20/99		07/20/13		1		*			5.75	%	$	0			$	528	$	520
		Dritac Flooring Products, LLC	Revolving line of credit		06/29/99		06/29/13		1		*			6.00	%	$	0			$	27	$	26
Manufacturing (7% of the total)		Fine Line Graphics, Inc.	Revolving line of credit		11/29/05		11/29/13		1		*			6.50	%	$	0			$	159	$	147
		Danbury Pharma, LLC	Revolving line of credit		05/06/11		05/06/13		1		*			7.00	%	$	0			$	141	$	140
		Matthew Die Division LLC	Revolving line of credit		02/18/10		02/18/13		1		*			6.25	%	$	0			$	78	$	76
		American Bio Medica Corp.	Revolving line of credit		04/20/12		04/20/13		1		*			7.25	%	$	0	$	58	$	58	$	61
		Absecon Mills, Inc. ##	Revolving line of credit		07/07/04		07/07/13		1		*			6.25	%	$	0			$	58	$	51
		JLM Couture Inc.	Revolving line of credit		06/22/10		06/22/13		1		*			5.75	%	$	0			$	23	$	20
		Douglass Industries, Inc. ##	Revolving line of credit		07/07/04		07/07/13		1		*			6.25	%	$	0			$	12	$	10
Administrative and Support Services (4% of the total)		Empro, Inc. (HHCNY, Inc)	Revolving line of credit		06/22/04		06/22/13		1		*			5.75	%	$	0			$	165	$	157
		Raritan Building Service Corp	Revolving line of credit		06/30/07		06/30/13		1		*			5.50	%	$	0			$	143	$	138
Accommodation and Food Services (1% of the total)		Flaum Appetizing Corp.	Revolving line of credit		04/27/11		04/27/13		1		*			6.00	%	$	0			$	66	$	64
Health Care and Social Assistance (0% of the total)		Heart to Heart Health Care	Revolving line of credit		11/09/12		11/09/13		1		*			5.75	%	$	0	$	15	$	15	$	12
		Heart to Heart Home Care ##	Revolving line of credit		10/02/07		10/02/13		1		*			5.75	%	$	0			-$	288	-$	301
Total asset-based ($5,755 pledged as collateral under borrowing arrangements)									40		3	%		5.79	%	$	0	$	147	$	7,631	$	7,412
Other secured commercial (69% New York, 29% New Jersey, 2% Illinois)
Accommodation and Food Services (47% of the total)		Dune Deck Owners Corp ##	Term loan		04/24/07		03/31/14		1		1	%		7.25	%					$	3,081	$	3,081
		El Tropico Family Rest Ii Llc &	Term loan		11/29/05		03/18/14		1		*			4.50	%					$	306	$	244
		Cardenas Corp	Term loan		07/29/08		02/25/15		1		*			10.50	%					$	185	$	184
		Pc One Inc Dba The Willett Hou	Term loan		05/25/05		03/25/13		1		*			8.50	%					$	129	$	129
Retail Trade (47% of the total)		Guyonamar Food Corp	Term loan		03/17/11		03/17/16		1		*			9.25	%					$	709	$	705
		Antonio Rosado	Term loan		03/15/12		03/15/17		1		*			9.50	%			$	675	$	645	$	640
		La Conga Food Market Inc	Term loan		10/09/12		01/09/20		1		*			9.00	%			$	600	$	600	$	594
		616 Broadway Llc	Term loan		02/10/11		12/17/14		1		*			8.50	%					$	339	$	340
		F.J.P. Meat Market Inc &	Term loan		02/06/12		02/06/17		1		*			9.50	%			$	360	$	322	$	320
		East Bronx Food Corp	Term loan		04/06/12		04/06/19		1		*			9.50	%			$	337	$	315	$	313
		Drr Enterprises Llc	Term loan		10/28/08		10/17/13		1		*			11.00	%					$	180	$	180
		New Era Meat Supermarket Llc	Term loan		09/13/06		09/16/13		1		*			12.00	%					$	114	$	114
		Mi Favorita Food Corp &	Term loan		08/13/09		12/26/14		1		*			9.25	%					$	92	$	92
		Moderne Barn Wines&Spirits Inc	Term loan		12/07/09		08/09/16		1		*			6.00	%					$	85	$	85
		G&C Grocery Inc &	Term loan		05/19/08		08/23/15		1		*			0.00	%					$	77	$	77
		39-04 Skillman Llc & G&A Auto	Term loan		08/04/11		08/04/14		1		*			6.00	%					$	70	$	71
		Julio Castillo &	Term loan		08/18/08		03/01/14		1		*			10.50	%					$	56	$	56
		Salomon Deli Grocery Corp &	Term loan		05/19/08		05/19/13		1		*			10.75	%					$	24	$	24
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	%					$	137	$	137

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012

(Dollars inthousands)		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
		Newco Laundry Systems I Inc	Term loan	05/02/09	05/02/14		1		*			6.50	%					$	84	$	84
Real Estate and Rental and Leasing (3% of the total)		Rala Management	Term loan	04/22/99	09/01/15		1		*			4.75	%					$	118	$	118
		Thursday Morning Inc	Term loan	04/01/10	04/01/15		1		*			6.00	%					$	79	$	78
Transportation and Warehousing (0% of the total)		Pro-Serve Auto Care Inc	Term loan	12/02/10	11/22/13		1		*			6.50	%					$	7	$	8
Total other secured commercial loans ($3,081 pledged as collateral under borrowing arrangements)							23		4	%		8.01	%	$	0	$	1,972	$	7,754	$	7,674
Total commercial loans ($8,836 pledged as collateral under borrowing arrangements)(2)							90		26	%		11.59	%	$	1,817	$	15,844	$	64,841	$	56,919
Commercial Banking		Medallion Bank **	100% of common stock	05/16/02	None		1		43	%		11.39	%	$	0			$	92,169	$	92,169
Art Dealer		Medallion Fine Art, Inc.	100% of common stock	12/03/12	None		1		1	%		0.00	%	$	0	$	2,843	$	2,843	$	2,843
Real Estate		Medallion Hamptons Holding LLC	100% of membership interests	06/21/05	None		1		1	%		0.00	%	$	0			$	2,696	$	2,696
Loan Servicing		Medallion Servicing Corp.	100% of common stock	11/05/10	None		1		*			0.00	%	$	0			$	613	$	613
Professional Sports Team		Lax Group LLC	42% of membership interests	5/23/2012	None		1		*			0.00	%	$	0	$	900	$	461	$	461
Advertising		Generation Outdoor, Inc.	100% of common stock	12/20/04	None		1		*			0.00	%	$	0			$	274	$	274
Advertising		Medallion Sports Media, Inc.	100% of common stock	01/05/11	None		1		*			0.00	%	$	0			$	27	$	27
Investment in Medallion Bank and other controlled subsidiaries, net							7		46	%		10.60	%	$	0	$	3,743	$	99,083	$	99,083
Equity investments
Commercial Finance		Convergent Capital, Ltd	7% of limited partnership interest	07/20/07	None		1		1	%		0.00	%	$	0			$	1,294	$	1,793
Banking		FNBNY, Inc.	*	03/30/12	None		1		*			0.00	%	$	0	$	750	$	750	$	750
Appliance Recycler #		Appliance Recycling Centers of America, Inc. **	8.86% of common stock	09/10/98	None		1		*			0.00	%	$	0			$	0	$	579
NASCAR Race Team		Medallion MotorSports, LLC	75% of limited liability interest	11/24/10	None		1		*			0.00	%	$	0			$	454	$	454
Bakery		Quaker Bakery	*	03/28/12	None		1		*			0.00	%	$	0			$	359	$	359
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		*			8.45	%	$	0			$	901	$	232
Surgical Instruments		Summit Medical, Inc.	9.25% of common stock	11/01/10	None		1		*			0.00	%	$	0			$	135	$	135
Equipment Manufacturing		Aeration Industries International, LLC	5.25% of limited liability interest	12/31/10	None		1		*			0.00	%	$	0			$	365	$	0
Equity investments, net							9		2	%		1.66	%	$	0	$	750	$	4,576	$	4,620
Investment securities
Investment securities, net							0		0	%		0.00	%	$	0	$	0	$	0	$	0
Net Investments ($236,357 pledged as collateral under borrowing arrangements) (3)							821		210	%		6.75	%	$	1,817	$	172,022	$	462,683	$	455,010

Medallion Financial Corp.

Consoldiated Schedule of Investments

December 31, 2012

(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 $1,817 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 210%.

(4) Gross unrealized appreciation, gross unrealized depreciation, and net appreciation for federal income tax purposes totaled $8,571, $10,965 and $27,606, respectively. The tax cost of investments was $427,404.

(5) For revolving lines of credit the amount shown is the cost at December 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 totaled assets of Medallion Financial on an unconsolidated basis was up to 28% and up to 29% 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, 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.

& 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