Medallion Bank Set to Redeem Series F Preferred Shares Soon

Author: Dylan Bailey Updated: 05-29-2025 04:25 PM

Medallion Bank Announces Series F Preferred Stock Redemption

Medallion Bank, an FDIC-insured institution focused on consumer loans for recreational vehicles, boats, and home improvements, is taking significant steps in its financial operations. The bank declared that it will execute the redemption of all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, known as Series F Preferred Stock, soon. This action is set to occur on a designated date, marking a critical financial event for stakeholders.

Redemption Details and Procedures

The specified redemption price for each share of Series F Preferred Stock is set at $25.00. It’s essential to note that this price does not encompass any declared and unpaid dividends, as the redemption date coincides with a scheduled dividend payment date. Holders of these preferred stocks will receive the regular quarterly dividend separately, as previously declared.

What Happens Post Redemption Date?

Once the redemption takes effect, the Series F Preferred Stock will no longer be considered outstanding, and all rights to receive dividends on these shares will terminate. Investors can expect the shares to be redeemed effectively through The Depository Trust Company (DTC), ensuring a seamless transition for shareholders.

Role of the Transfer Agent

Equiniti Trust Company, LLC will act as the transfer agent, registrar, and redemption agent for the Series F Preferred Stock. For shareholders involved, operational details can be crucial for understanding the redemption process.

Equiniti Trust Company Contact Information

Shareholders looking for information regarding their stocks may reach out to Equiniti Trust Company, LLC. Their contact details are outlined as follows:

Equiniti Trust Company, LLC
55 Challenger Road, Suite 200
Ridgefield Park, New Jersey 07660
718-921-8317

Understanding Medallion Bank’s Operations

Medallion Bank dedicates itself to serving its clients through advantageous lending options. The bank collaborates with a wide network of dealers and contractors, ensuring they can provide meaningful financial solutions across the United States. As a Utah-chartered industrial bank, Medallion Bank holds FDIC insurance, adding a layer of security and trust for its customers.

What Investors Should Consider

Investors holding Series F Preferred Stock have a vital interest in staying informed about these redemption plans. It is advisable for stockholders to contact their brokers or the bank directly to facilitate the process of receiving their redemption payments. Having clarity on such actions can help investors make informed decisions regarding their portfolios.

Frequently Asked Questions

What is the reason for redeeming the Series F Preferred Stock?

The redemption plan is part of Medallion Bank's strategy to enhance its capital structure and provide liquidity to its investors.

How will the redemption affect existing shareholders?

After the redemption date, shareholders will cease to receive dividends on the Series F Preferred Stock as it will no longer be outstanding.

What is the role of Equiniti Trust Company in the redemption?

Equiniti Trust Company manages the administrative tasks related to the redemption, ensuring that shareholders receive their funds as outlined.

Are there any additional costs associated with the redemption?

No additional costs will apply; the redemption price is set, and dividends declared will be paid to eligible shareholders separately.

How can investors confirm their stock holdings?

Investors can confirm their holdings through the bank or the broker with whom they have an account to manage their investment in the Series F Preferred Stock.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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