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]
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. Investment Company Act File Number:
|
|
Date examination completed:
|
|
|
|
|
814-00188
|
|
October 3, 2017
|
|
2. State Identification Number:
|
|
|
|
AL
|
|
AK
|
|
AZ
|
|
AR
|
|
CA
|
|
CO
|
|
|
|
CT
|
|
DE
|
|
DC
|
|
FL
|
|
GA
|
|
HI
|
|
|
|
ID
|
|
IL
|
|
IN
|
|
IA
|
|
KS
|
|
KY
|
|
|
|
LA
|
|
ME
|
|
MD
|
|
MA
|
|
MI
|
|
MN
|
|
|
|
MS
|
|
MO
|
|
MT
|
|
NE
|
|
NV
|
|
NH
|
|
|
|
NJ
|
|
NM
|
|
NY
|
|
NC
|
|
ND
|
|
OH
|
|
|
|
OK
|
|
OR
|
|
PA
|
|
RI
|
|
SC
|
|
SD
|
|
|
|
TN
|
|
TX
|
|
UT
|
|
VT
|
|
VA
|
|
WA
|
|
|
|
WV
|
|
WI
|
|
WY
|
|
PUERTO RICO
|
|
|
|
|
|
|
|
Other (specify):
|
|
|
|
|
|
|
|
|
|
|
|
3. Exact name of investment company as specified in registration statement:
|
|
|
|
Medallion Financial Corp.
|
|
4. Address of principal executive office (number, street, city, state, zip code):
|
|
|
|
437 Madison Avenue, 38th Floor, New York, New York 10022
|
INSTRUCTIONS
This Form
must be completed by investment companies that have custody of securities or similar investments.
Investment Company
|
|
|
|
|
|
|
|
1.
|
|
All items must be completed by the investment company.
|
|
|
|
|
|
2.
|
|
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.
|
Accountant
|
|
|
|
|
|
|
|
3.
|
|
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 Commission’s principal office in Washington, D.C., one copy with the regional office for the region in which the investment company’s principal
business operations are conducted, and one copy with the appropriate state administrator(s), if applicable.
|
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 Company’s compliance with the requirements
of subsections (b) and (c) of
Rule 17f-2
as of October 3, 2017 and from June 21, 2017 through October 3, 2017.
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 October 3, 2017 and from June 21, 2017 through October 3, 2017 with respect to securities reflected in the investment account of the
Company.
MEDALLION FINANCIAL CORP.
|
|
|
|
|
|
|
|
By:
|
|
/s/ Larry D. Hall
|
|
Name:
|
|
Larry D. Hall
|
|
Title:
|
|
Senior Vice President and Chief Financial Officer
|
December 13, 2017
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors
Medallion Financial Corp.
We have examined management’s 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 October 3, 2017. Management is responsible for the Company’s compliance with those requirements. Our responsibility is to
express an opinion on management’s assertion about the Company’s 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 Company’s 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 October 3, 2017, and with respect to agreement of security purchases and sales, for the period from June 21,
2017 (the date of our last examination), through October 3, 2017:
|
|
•
|
|
Count and inspection of all securities located in the vault of Wells Fargo Bank, N.A. (the “Custodian”) in Burnsville, Minnesota and Minneapolis, Minnesota, without prior notice to management
|
|
|
•
|
|
Confirmation of all other securities held with brokers or custodians
|
|
|
•
|
|
Reconciliation of all such securities to the books and records of the Company and the Custodian
|
|
|
•
|
|
Agreement of the ten (10) security purchases and the eleven (11) security sales, maturities or settlements since our last report from the books and records of the Company to the related agreements.
|
We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the
Company’s compliance with specified requirements.
In our opinion, management’s 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 October 3, 2017, 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.
/s/ Mazars USA LLP
New York, New York
December 13, 2017
Medallion Financial (NASDAQ:MFIN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Medallion Financial (NASDAQ:MFIN)
Historical Stock Chart
From Apr 2023 to Apr 2024
