Company: MSEX
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047381
Chunk: 33

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-12
Form: 424B5
Chunk 33
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 shares of this series in any calendar year at a price equal to the fair value of three shares of Common Stock for each
share of this series redeemed.

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Preference Stock

No shares of authorized Preference
Stock are issued and outstanding. The Board of Directors has the power to designate authorized Preference Stock in one more series, and
to designate for each series the rights, preferences and conditions of each series as to matters such as dividend rates, liquidation preference
voting rights, conversion and redemption.

Common Stock

There were 40,000,000 shares
of Common Stock authorized, and 17,920,178 shares of Common Stock issued and outstanding, as of April 29, 2025.

The prospectus supplement
relating to any Common Stock being offered will include specific terms relating to the offering.

Restriction on Acquisitions

As a New Jersey corporation,
we are a subject to New Jersey’s Shareholder Protection Act (the “Shareholder Protection Act”). The Shareholder Protection
Act bars any “business combination” as defined in that Act (generally, a merger or other acquisition transaction) with any
person or affiliate of a person who owns 10% or more of the outstanding voting stock for a period of five years after such person first
owns 10% or more the voting shares, unless the “business combination” both is approved by the Board of Directors prior to
the time that person acquires 10% or more of our voting stock and meets certain other statutory criteria.

Stock Exchange Listing

Our Common Stock is listed
on the NASDAQ Global Select Market. The trading symbol for our Common Stock is “MSEX.”

Transfer Agent and Registrar

The transfer agent and registrar
for our Common Stock is Broadridge Corporate Issuer Solutions, Inc. The transfer agent and registrar’s address is P.O. Box
1342, Brentwood, New York 11717.

Indemnification

Our restated certificate of
incorporation, as amended, and our by-laws, as amended, provide that we shall indemnify our directors and officers to the fullest extent
permitted by law. These agreements will, among other things, indemnify these individuals for certain expenses (including attorneys’
fees), judgments, fines and settlement amounts reasonably incurred by such person in any action or proceeding, including any action by
or in our right, on account of any services undertaken by such person on behalf of us or that person’s status as a member of our
Board of