Dear Shareholder,

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

We apologize for the confusion. A previous communication incorrectly referenced April 30, 2026, as the record date.

According to our records, you may have been a shareholder as of April 13, 2026, the actual record date for the meeting. Shareholders of record as of that date are entitled to vote at the Annual Meeting.

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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