Email us with questions or comments:           α

Medallion Financial Notes: Stabilizing

Premium Free

After sharply dropping, Medallion Financial’s (MFIN) Unsecured Notes with the ticker MFINL have stabilized.

MFINL is trading at $17.0 a share, but reached $14.74 at its lowest point.

The Notes were issued in May 2016 at par and traded over $26 just a few months ago.

The common stock has also been climbing back up: after reaching a low of $3.04 on November 18th.

The stock is up to just under $3.5.

There has been no news since November 11th, judging by the SEC filings.





Both Medallion’s common stock and publicly traded Notes are highly speculative investments at this stage.

We exited the Notes early and with no regret and have no position in the common stock.

With so much unknown about what’s happening behind regulators and lenders closed doors, investors are taking a shot in the dark.

That’s OK for some, but we continue to stay away.


Already a Member? Log In

Register for the BDC Reporter

The BDC Reporter has been writing about the changing Business Development Company landscape for a decade. We’ve become the leading publication on the BDC industry, with several thousand readers every month. We offer a broad range of free articles like this one, brought to you by an industry veteran and professional investor with 30 years of leveraged finance experience. All you have to do is register, so we can learn a little more about you and your interests. Registration will take only a few seconds.

Sign Up