<SEC-DOCUMENT>0001193125-16-538752.txt : 20160412
<SEC-HEADER>0001193125-16-538752.hdr.sgml : 20160412
<ACCEPTANCE-DATETIME>20160412172705
ACCESSION NUMBER:		0001193125-16-538752
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20160412
DATE AS OF CHANGE:		20160412

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEDALLION FINANCIAL CORP
		CENTRAL INDEX KEY:			0001000209
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				043291176
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-206692
		FILM NUMBER:		161567968

	BUSINESS ADDRESS:	
		STREET 1:		437 MADISON AVE 38 TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2123282153

	MAIL ADDRESS:	
		STREET 1:		437 MADISON AVENUE
		STREET 2:		38TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>d155575d497ad.htm
<DESCRIPTION>497AD
<TEXT>
<HTML><HEAD>
<TITLE>497AD</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed under Rule 497(a)(1) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>File No.&nbsp;333-206692 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Rule 482 ad </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g155575g77l35.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="75%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"><B><U>AT THE COMPANY</U>:</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B><U>AT ZLOKOWER COMPANY</U></B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Medallion Financial Corp.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">437 Madison Avenue</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">New York, New York 10022</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Public Relations</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Harry Zlokower/Dave
Closs</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">1-212-863-4193</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Andrew M. Murstein, President</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Larry D. Hall,
CFO</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1-212-328-2100</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">1-877-MEDALLION</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><U>FOR IMMEDIATE RELEASE:</U></B> </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>MEDALLION FINANCIAL CORP. ANNOUNCES PRICING OF </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>$27.5 MILLION OF NOTES DUE 2021 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NEW
YORK, NY, April&nbsp;12, 2016</B> &#150; Medallion Financial Corp. (NASDAQ: TAXI), a specialty finance company that originates and services loans in various niche industries (the &#147;Company&#148;), announced today the pricing of $27.5 million in
aggregate principal amount of 9.000% Notes due 2021 (the &#147;Notes&#148;). <B>Keefe, Bruyette&nbsp;&amp; Woods, </B><B><I>A Stifel Company</I></B><B>, and Sandler O&#146;Neill&nbsp;&amp; Partners, L.P. are acting as joint bookrunning managers in
this offering.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Notes will mature on April&nbsp;15, 2021. Interest will accrue from April&nbsp;15, 2016 and will be payable
quarterly in arrears on January&nbsp;15,&nbsp;April&nbsp;15,&nbsp;July&nbsp;15 and October&nbsp;15 of each year, beginning on July&nbsp;15, 2016. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Notes will rank senior in right of payment to any of the Company&#146;s indebtedness that is
expressly subordinated in right of payment to the Notes, including the Company&#146;s Fixed/Floating Rate Junior Subordinated Notes issued on June&nbsp;7, 2007; equal in right of payment to any of the Company&#146;s unsecured indebtedness that is
not so subordinated; effectively junior in right of payment to any of the Company&#146;s secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all indebtedness and other liabilities
(including trade payables) of the Company&#146;s subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company may not redeem the Notes prior to April&nbsp;15, 2020 (twelve
months before maturity). The Company may redeem for cash all or any portion of the Notes, at its option, on or after April&nbsp;15, 2020 at a redemption price equal to the greater of 100% of the principal amount of the Notes being redeemed and the
discounted present value of such Notes, discounted at the corresponding U.S. Treasury rate plus 50 basis points, plus accrued and unpaid interest to, but excluding, the redemption date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company intends to apply to list the Notes on The NASDAQ Global Select Market and expects trading to commence thereon within 30 days of
the first original issue date of the Notes under the symbol &#147;TAXIL.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company expects to use the net proceeds from the
offering to make loans and other investments in portfolio companies and for general corporate purposes, including repaying borrowings under its revolving credit facilities in the ordinary course of business and expanding its operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>The securities described above are being offered by the Company pursuant to an effective shelf registration statement previously filed with
and declared effective by the Securities and Exchange Commission (the &#147;SEC&#148;) on February&nbsp;23, 2016. A preliminary prospectus supplement and the accompanying prospectus have been filed with the SEC in connection with the offering,
copies of which, may be obtained from: (i)&nbsp;Keefe, Bruyette&nbsp;&amp; Woods, Inc. by calling 1-800-966-1559, by mail at Keefe, Bruyette&nbsp;&amp; Woods, Inc., Attention: Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, or by
email at uscapitalmarkets@kbw.com., and (ii)&nbsp;Sandler O&#146;Neill&nbsp;&amp; Partners, L.P. by calling 1-866-805-4128, or by email at syndicate@sandleroneill.com. Investors are advised to carefully consider the investment objectives, risks and
charges and expenses of the Company before investing. The prospectus supplement and accompanying prospectus contain a description of these matters and other important information about the Company and should be read carefully before investing.
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the shares
referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Medallion Financial Corp. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Medallion Financial Corp. is a specialty finance company that originates and services loans in various commercial industries, and its
wholly-owned portfolio company, Medallion Bank, also originates and services consumer loans. The Company and its subsidiaries have lent approximately $7 billion to small businesses. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking Statements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This press
release contains certain forward-looking statements, including statements with regard to the Company&#146;s proposed securities offering and the anticipated use of the net proceeds of the offering. These forward-looking statements are subject to the
inherent uncertainties in predicting future results and conditions and no assurance can be given that the securities offering discussed above will be consummated on the anticipated terms or at all. Completion of the securities offering and the terms
thereof are subject to numerous factors, many of which are beyond the control of the Company, including, without limitation, market conditions and failure of customary closing conditions. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-2- </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g155575g77l35.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g155575g77l35.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!P@'!@H(" @+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!# 0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P  1" "N IT# 2(  A$! Q$!_\0
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MP225BM_9E@#G[%;Y_P"N2_X59Z444I2;W8));(****0PHHHH$%%%% PHHHH
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MZ-VE/5:;=;7#ZQMIN>LT4BLK$A6!QP>>E+7DV:W.I--!1112&%%%% !1110
M4444 /AC\V9(\XW'&:M75G;6VY#<DR*/NE:@L_\ C\A_WQ5W4I(#=O&UN"YP
M-^:]&A3IN@YRM>]M;G+4E)5$D9G:BM[(-]]EVKY7DYQCO599/L^CJZ(I;>0"
M1G'-5+ J-VY;7_ 2Q#?0HVD'VFY6$DKN[BHYH_*F:/.=K8S5K2?^0E%^/\JM
M!C';7LBXW++P2,TJ.&A5HWVU?X(<ZKA4L9'6C^M=#NS?I'M7:\.X\#DU6C8Q
M6,!0 $S8SCMFK>7K?FTUZ=K?YD_6=-C'HZ_A6[(0TE]&57:J9  [XIL31P06
M@#;0R_,H3<7H_L[7XOZO8/K.FQB5;FLXX'A$DI"R+N)QTJTA2&UOIH5P0^%R
M.E32?/J%D6&<QG/'M5T\'&,==7I^=B9UY-V6AC/M#D*V1G@^M+%$\T@1!EC6
MA"IC-W+O6-0V"VW)'TJV,+J5N5_Y:1_,<=:B& 3LV]+_ *V*>(:T2,-U*.4;
M[P."*;6S"RE;R=W"NK;=^W.!]*IZD8W:)T!W%?F)7;NK*M@U"GSIEPK.4N6P
ML%E%):?:)IC&N<<#-17MI]D=1OWJXRIJ[;M$NC9F0NF_[H..]321B34K5F.8
MRA*J>U=?U6G*E%)*^GXF/M9*;OYF&:L7=L+5D&\MN7=S5V[DCDM)59C(X?Y3
MY9&WGIFII$5]3M@XR!%G!K)8&.L4[O37U*]NVT[=S%Z=>*2M2[DCEM)06\QP
M_P K>7@+STS5J(?OO(D=<^5DQJO _&I67WE;F&\3I>Q@CGIS16K9R)]G6)#Y
M4@8X++P_MFG6Z>4MY(^V*13]X#.WZ4HX"]K2W&\3J]#(HJ]J31N8F3.2OS,5
MV[O>J-<5:G[.;C>YT4Y<\4PHHHK$L*M:;_R$(OK56K6F_P#'_%]:WPW\:/JC
M.K\#.GIU(*6ONCP@IKH'0J>A&#3J*&KZ,#._L2T]'_[ZH_L2T_V_^^JT:*Y?
MJ6'_ )$:>UGW,[^Q+/\ V_\ OJC^Q+/_ &_^^JT:*/J>'_D0_;5.YG?V)9_[
M?_?5']B6?^W_ -]5HT4?4\/_ "(/;5.YG?V)9_[?_?5']B6?^W_WU6C11]3P
M_P#(@]M4[F=_8EG_ +?_ 'U1_8EG_M_]]5HT4?4\/_(@]M4[F=_8EG_M_P#?
M5']B6?\ M_\ ?5:-%'U/#_R(/;5.YG?V)9_[?_?54=8\&:5KFGO8W@F\ER"=
MCX/!S6_151PM"+O&*3$ZLVK-G*3?#C0+C4+&^D28S6**D7[S@@=,^M/@^'VA
M6]Y?W0CF=M0!$ZO)E2/8=JZBBM?9P[$\SW..T_X7>'M.O8KJ,W4I@SY"2S;E
MBS_=&*9>?"OPY>W=W<2?:U^V<RQQS%4+>N/6NTHI\D;WMJ*[.1NOAIH-T;)B
MUU$]BGEQO%-M8KZ$TU/ACX>CTJZTQ%N1;W4@DD'F\Y'H:["BCDC:UA\S.8?X
M?Z(]YI]TPG\S3D"0?O.,#U]:6V^'^AVUU?W"I,[:C_KU>3*GZ"NFHJ/8T[6L
M'-+N<;I_PN\/:=>PW4;7<IM\F".6;<D6?08J1OAIH#1ZBA%SC4F#3_O>X)/'
MIUKKJ*MPBW>PN9F-:>%].LK"*RA$@AAC$:Y?)P!BJNB>!M'T"WD@LA-LE?>V
M^3/-='16?U>E9KE6NY7M)=SE5^'6A++J4@%QNU,$3_O/7T]*C3X::!&FG(HN
M<::Q:#][T.<\^O-==15^SCV%S2[G&7/PK\.75S=RO]K5;SF6))R$)]<>M65^
M'6AK=:=<?Z07TV/9!^\[>_K7544^2+Z"YF<I#\-_#\%E>V8CF>&^D,DP>3/S
M>H]*;I7PWT+2;T7D;74\ZIL1YYMVQ?05UM%)TX--6W'S/N<BGPS\/)I-SI@2
MX,%S)YKDR_,&SG(/:EL?AMH=AJ,.H1O=O<11F/?),6W#WKK:*/9QU5MPYF<[
MHW@?2-"AFBLQ-MFD,C;Y,\FH-:^'FAZ[+%/<?:(KB(86:"7:X'IFNIHJ51IJ
M7.EJ'/*UKG*6OPV\.VNCS:4L$KP3\REY"7<^N?6FZ5\-M"TF[-U&]W/-Y?EJ
M\\VXHOHO'%=;15<D==-Q<S.*O? ^FZ'X0U>VTN*=VFBDD"ERS,Y7M^0K%\!?
M#K3YM"TG4]4AO([V#<WD2.0BMN.#MQP>E>G]:3 SFA4XJ^FX^9F#8>#=+TZY
MN[B SE[MP\@>3(!]O3K5[^Q+/T?_ +ZK1HK*6%H2=W%%*K-:)F=_8EG_ +?_
M 'U1_8EG_M_]]5HT5/U/#_R(?MJG<SO[$L_]O_OJC^Q+/_;_ .^JT:*/J>'_
M )$'MJG<SO[$L_\ ;_[ZH_L2S_V_^^JT:*/J>'_D0>VJ=S._L2S_ -O_ +ZH
M_L2S_P!O_OJM&BCZGA_Y$'MJG<H1Z/:QR*Z[\J<CYJ6?2;:XF,K[MS=<&KU%
M5]6HJ/+RJQ/M)WO<A^S)LV\YV[=W?%0G3+<VHMSNV YZ\U<HK1TH2W0E*2V9
M2@TJWMYA+'NW#IDT\V$!BECP=LK;FY[U:HJ8T*45:,; YR;NV0?9(O.67G<J
M[1SVIG]GP>4D>#M1MPY[U:HJO90[!S2[E8V41>5N<RC#<TZ*TCAC5%R0OW2>
M2*GHIJG!.Z0N9]RM%810[\;F\S[P8YS3C:1M/',<[HQA:GHI>RA:U@YF5H[&
M&(R$9/FG+ \BE:RB>:.4EMT8PO-6**/90M:P^9E<6<2R.X'W_O#L?PJ.?3+>
MY<-)NX&  < 5<HI2HTY+E:T!2DG>Y3_LV#[+]F^;R\YZT]K&)FB;+ Q?=(-6
M:*/8TUT_I!S2[E:>QBGC,;9"DY(7C-#V,3S1RY8-&,+@U9HINE!N]@YF5I[&
M&=-C A2<D+QDU)]G3(/<#&?45+13]G"]["N]B"&SBAC" 9 .1NYQ38[&*.21
MP6;S/O!CD&K-%+V4.P^9E.XTRWN7#R;^!@ ' %1?V)9^C_\ ?5:-%9RPM"3N
MXHI59I63,[^Q+/\ V_\ OJC^Q+/_ &_^^JT:*GZGA_Y$/VU3N9W]B6?^W_WU
M3XM)MH95D3?N4\9:KU%-82A%W4$)U9O=B8I:**Z3,**** "BBB@ HHHH ***
M* "BDR/449'K1= +1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !2$@=:,US>LZH]U.]
MC:N5C7B:13R3_='I]:PKUXT8<TBZ<'-V1;OO$$<4A@M$^T2+PQSA5^IK->^O
MK@XDG89Z+'\H_P :K1E+2Y$3Q?(A7(/3)YQ[G'/XT%WAOH!*=[*S*Y48#(.5
M?';.<5XLZU>MS._*E^1VQA3ATNQZLYF:(,Q=6VD%B2#^=2V^H/C?'(S $CY6
M/8X-5X"%O(;C8T8*XE4MN)(.5/Y=?H*CAA>WL9X('!98RD;GC.[[S8]LFN>[
M4_<J=?P->EY1-^UU?<!N_>9^@;\/6M6"XBN$W1MGL1W%<86\N.VAMU+2S %%
M/\,8ZL?Y#WJ_!=2PW.T-B90.">''H?\ &N[#XVI"T:NW<YZE&+U@=314%K=)
M=0K*F>>H]#W%3 YKVDTU='$+1113 **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M#_>/\3?T_"M\4R*)(8UC10JH,  < 4_O7T-*DJ<%%'!*3E*XM%%%:$A1110
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MX(.0I&U!_P !'7\<UIB-5  & .@%+BEKLC",%:*,7)O<****H04444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% '__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
