Dear Shareholder,

This is [agent] with Alliance Advisors, on behalf of your investment with Medallion Financial, Corp. and the Board of Directors.

The Annual Meeting of Stockholders is fast approaching, and our records indicate you may have been a shareholder as of the April 30, 2026 record date.

The Board recommends voting the WHITE proxy card FOR ONLY Medallion's nominees: John Everets, Cynthia A. Hallenbeck, and Alvin Murstein.

To review the meeting proposals, please click the following link:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1000209/000119312526197272/mfin-20260430.htm

If you have questions regarding the proposals, please contact us at 1-844-202-5720.

Thank you for your time and consideration.


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