ZimCal Asset Management Concludes Five-Year Medallion Financial Investment Under Negotiated Agreement

ZimCal, Stephen Hodges and BIMIZCI announced that they have entered into a Purchase and Settlement Agreement with Medallion Financial Corp. This concludes ZimCal’s five-year investment in Medallion and provides for Medallion’s purchase of the trust preferred securities held by BIMIZCI and the sale of all common stock held by ZimCal and its affiliates. The full release is available on GlobeNewswire.