Certificate of Accounting of Securities and Similar
Investments in the Custody of
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
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1. Investment Company Act File Number:
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Date examination completed:
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814-00188
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November 29, 2016
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2. State identification Number:
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AL
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AK
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AZ
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AR
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CA
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CO
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CT
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DE
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DC
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FL
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GA
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HI
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ID
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IL
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IN
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IA
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KS
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KY
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LA
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ME
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MD
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MA
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MI
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MN
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MS
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MO
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MT
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NE
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NV
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NH
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NJ
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NM
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NY
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NC
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ND
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OH
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OK
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OR
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PA
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RI
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SC
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SD
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TN
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TX
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UT
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VT
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VA
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WA
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WV
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WI
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WY
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PUERTO RICO
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Other (specify):
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3. Exact name of investment company as specified in registration statement:
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Medallion Financial Corp.
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4. Address of principal executive office (number, street, city, state, zip code):
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437 Madison Avenue, 38th Floor, New York, New York 10022
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INSTRUCTIONS
This Form
must be completed by investment companies that have custody of securities or similar investments.
Investment Company
1.
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All items must be completed by the investment company.
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2.
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Give this Form to the independent public accountant who, in compliance with Rule 17f-2 under the Act and applicable state law, examines securities and similar investments in the custody of the investment company.
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Accountant
3.
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Submit this Form to the Securities and Exchange Commission and appropriate state securities administrators when filing the certificate of accounting required by Rule 17f-2 under the Act and applicable state law.
File the original and one copy with the Securities and Exchange Commissions principal office in Washington, D.C., one copy with the regional office for the region in which the investment companys principal business operations are
conducted, and one copy with the appropriate state administrator(s), if applicable.
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THIS FORM MUST BE GIVEN TO YOUR
INDEPENDENT PUBLIC ACCOUNTANT
Management Statement Regarding Compliance
with
Certain Provisions
of the Investment Company Act of 1940
We, as members of management of Medallion Financial Corp. and its investment company subsidiaries (the
Company), are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, Custody of Investments by Registered Management Investment Company, of the Investment Company Act of 1940. We
are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Companys compliance with the requirements of subsections (b) and (c) of
Rule 17f-2 as of November 29, 2016 and from September 29, 2016 through November 29, 2016.
Based on this evaluation, we assert that the
Company was in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of November 29, 2016 and from September 29, 2016 through November 29, 2016 with respect to
securities reflected in the investment account of the Company.
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MEDALLION FINANCIAL CORP.
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By:
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/s/ Larry D. Hall
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Name:
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Larry D. Hall
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Title:
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Senior Vice President and Chief Financial Officer
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March 27, 2017
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors
Medallion Financial Corp.
We have examined managements assertion, included in the accompanying Management Statement Regarding Compliance With Certain Provisions of the Investment
Company Act of 1940, that Medallion Financial Corp. and its investment company subsidiaries (the Company) complied with the requirements of subsections (b) and (c) of rule 17f-2 under the Investment Company Act of 1940 (the
Act) as of November 29, 2016. Management is responsible for the Companys compliance with those requirements. Our responsibility is to express an opinion on managements assertion about the Companys compliance based
on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and,
accordingly, included examining, on a test basis, evidence about the Companys compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the
following tests performed as of November 29, 2016, and with respect to agreement of security purchases and sales, for the period from September 29, 2016 (the date of our last examination), through November 29, 2016:
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Count and inspection of all securities located in the vault of Wells Fargo Bank, N.A. (the Custodian) in Burnsville, Minnesota and Minneapolis, Minnesota, with prior notice to management
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Confirmation of all other securities held with brokers or custodians
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Reconciliation of all such securities to the books and records of the Company and the Custodian
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Agreement of the four (4) security purchases and the twenty eight (28) security sales, maturities or settlements since our last report from the books and records of the Company to the related agreements.
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We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the
Companys compliance with specified requirements.
In our opinion, managements assertion that Medallion Financial Corp. and its investment
company subsidiaries were in compliance with the requirements of subsections (b) and (c) of rule 17f-2 of the Investment Company Act of 1940 as of November 29, 2016, with respect to securities reflected in the investment account of
the Company, is fairly stated, in all material respects.
This report is intended solely for the information and use of management and the Board of
Directors of Medallion Financial Corp. and its investment company subsidiaries and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
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/s/ Mazars USA LLP
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New York, New York
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March 27, 2017
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