ZimCal Asset Management has finalized its five-year investment in Medallion Financial through a negotiated agreement where Medallion will buy $15 million in trust preferred securities from ZimCal for $11.05 million plus accrued distributions. ZimCal and affiliates will also sell their remaining Medallion common stock by December 31, 2026, ending their involvement with the company. This move allows ZimCal to refocus on its core credit investment strategy in stressed and distressed assets. The agreement includes standard non-litigation and non-disparagement clauses and is expected to close soon after execution.
ZimCal Asset Management's recent conclusion of its five-year Medallion Financial investment comes as a backdrop to today's Financials-sector trading on Pluang. For readers following Financials, here is Pluang's market snapshot as of Oct 19, 2026 18:22 WIB: out of 142 priced US Financials-sector stocks, 60 rose and 46 fell. Notable movers include RIOT at USD 14.18 (+3.35%), BTBT at USD 0.99 (+3.30%), and MARA at USD 7.76 (+3.05%), with typical hold times ranging from 14 to 23 days on Pluang.
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