Company: MSEX
Filing Date: 2025-07-29
Form Type: 424B5
Source: 0001104659-25-071727
Chunk: 23

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-29
Form: 424B5
Chunk 23
---
 in your account, simply, call or write the Plan Agent. Please note that a fee
may be associated with this service.

<div align='center'>S-18</div>

| 31. | Can I change my dividend reinvestment                  
 instructions once I have initially selected an option? |

Yes, you may change your
reinvestment instruction through the Internet or in writing at any time by completing a new Direct Share Purchase and Enrollment Form.
If the Plan Agent received the notice of change near an upcoming dividend record date, the Plan Agent may defer changing your reinvestment
option until the next dividend payment date.

GIFTS AND TRANSFERS OF SHARES

| 32. | Can I transfer shares that I            
 hold in the Plan or give them as gifts? |

Yes. Subject to compliance
with all applicable laws, you may transfer ownership of some or all of your Plan shares to new or existing shareholders by completing
a Legal Transfer Form. A Legal Transfer Form is available to download and print at
under “Forms”. Transfers may be made in book-entry form or in certificate form. To obtain instructions for transferring your
shares, please download transfer instructions from the Plan Agent website. Alternatively, you may call the Customer Service line of the
Plan Agent at 1-888-211-0641, and request the Plan Agent to send you transfer instructions and the Legal Transfer Form.

You will be responsible for
any applicable taxes in connection with the transfer. Signatures of all registered holders must be “Medallion Guaranteed”
by a financial institution participating in the Medallion Guarantee program. The Medallion Guarantee program ensures that the individual
signing is in fact the owner as indicated on the participant’s account. If a shareholder cannot provide a Medallion signature guarantee,
a waiver request can be submitted by the shareholder and the Company would have to sign an indemnity letter in order for the Plan Agent
to proceed.

If you are opening a new
Plan account for the transferee, you must include a completed Direct Share Purchase and Enrollment Form with the gift/transfer instructions.

| 33. | What about Gifts to Minors? |

If you are transferring shares
to a minor, you need to provide the name of the adult custodian who will be listed on the account. Once the minor has reached the age
of majority, the custodian’s name can be removed.

SALE OF SHARES

| 34. | How do I sell shares? |

A registered shareholder
who holds qualified,