Company: MSEX
Filing Date: 2025-07-29
Form Type: 424B5
Source: 0001104659-25-071727
Chunk: 28

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-29
Form: 424B5
Chunk 28
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 be issued for fractional shares of Common Stock.

The Plan Agent will process
notices of withdrawal and send proceeds to you as soon as practicable, without interest.

| 42. | Do eligible employees investing                                               
 through payroll deduction need to do anything else to withdraw from the Plan? |

Yes. In addition to sending
a withdrawal request to the Plan Agent, you must notify the Company in writing in order to discontinue the payroll deduction. The Company
must receive your request sufficiently in advance of your next paycheck to allow for processing. Any amounts held by the Company of the
Plan Agent which have not been invested, will be returned to you, without interest.

| 43. | Can an eligible employee terminate                        
 automatic payroll deduction and still remain in the Plan? |

Yes, an eligible employee
may decide to terminate their payroll deduction but choose to leave their shares in the Plan and otherwise continue to participate. In
such an instance, employees may continue to make optional cash payments directly to the Plan Agent.

| 44. | After withdrawing from the Plan, 
 may employees later re-enroll?   |

Generally, yes. Eligible
employees may re-enroll by following the procedures for enrollment, however the Company reserves the right to reject an employee’s
enrollment if it believes their participation may be contrary to the general intent of the Plan (promoting long-term ownership of Common
Stock) or in violation of applicable law.

| 45. | Can the Company unilaterally                       
 terminate or suspend my participation in the Plan? |

The Company reserves the
right to terminate you from the Plan if fewer than one (1) share of Common Stock is held in your Plan account and you no longer
remain a record holder of Common Stock subject to automatic dividend reinvestment under the Plan. In such a case, you will be issued
a check for the cash value of any fractional share in your Plan account. In addition, the Company reserves the right to modify, suspend
or terminate you from the Plan if it believes that your participation (i) may be contrary to the general intent of the Plan (promoting
long-term ownership of shares of Common Stock), (ii) may adversely affect the market price or trading volume of our Common Stock,
or (iii) is in violation of applicable law.

<div align='center'>S-23</div>

If a participant engages
in short-term trading activities or any other activities that could affect the normal trading volume or pricing of our Common Stock,
we may prevent that