ZimCal Asset Management Concludes Five-Year Medallion Financial Investment Under Negotiated Agreement
Globe Newswire•19/10/2026•08:00 ET
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Key Highlights
- ➤Medallion to buy $15,000,000 trust preferred securities for $11,049,000 cash
- ➤ZimCal affiliates will dispose of remaining Medallion common stock by December 31, 2026
- ➤Agreement concludes ZimCal’s five-year Medallion investment and ends campaign-related disputes
- ➤Purchase expected to close promptly, subject to customary closing conditions
Expert Statements
Stephen Hodges, Founder of ZimCal Asset Management LLC
“We invested in Medallion because we believed the business had tremendous potential”
Stephen Hodges, Founder of ZimCal Asset Management LLC
“Our recent discussions with Medallion management were constructive and productive, and we reached a mutually acceptable resolution that we believe serves the interests of all stockholders and allows both parties to move forward.”
Stephen Hodges, Founder of ZimCal Asset Management LLC
“We wish the Company and its stockholders well.”
Stephen Hodges, Founder of ZimCal Asset Management LLC
“ZimCal’s focus now returns to the esoteric value-credit opportunities the firm has pursued since 2015.”
ZimCal founder Stephen Hodges says the negotiated agreement concludes the firm's Medallion investment and returns the firm's focus to its core credit strategy.
Agreement provides for Medallion’s purchase of ZimCal’s trust preferred securities and the disposition of Medallion stock controlled by ZimCal.
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