Company: MSEX
Filing Date: 2025-07-29
Form Type: 424B5
Source: 0001104659-25-071727
Chunk: 37

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-29
Form: 424B5
Chunk 37
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below, we will distribute newly issued shares of Common Stock sold under the Plan. The Plan Agent will assist in the administration of
the Plan, but will not be acting as an underwriter with respect to shares of Common Stock sold under the Plan. You will pay no service
fees or brokerage trading fees for acquisitions of shares under the Plan, whether the shares are newly issued or purchased in the open
market. The Common Stock is currently listed on the Nasdaq Global Select Market.

<div align='center'>S-30</div>

In connection with the administration
of the Plan, we may be requested to approve investments made pursuant to requests for waiver by or on behalf of existing stockholders
and new investors who may be engaged in the securities business.

Persons who acquire shares
of Common Stock through the Plan and resell them shortly after acquiring them, including coverage of short positions, under certain circumstances,
may be participating in a distribution of securities that would require compliance with Regulation M under the Exchange Act, and may
be considered to be underwriters within the meaning of the Securities Act. We will not extend to any such person any rights or privileges
other than to which he, she or it would be entitled as a participant, nor will we enter into any agreement with any such person regarding
the resale or distribution by any such person of the shares of Common Stock so purchased. We may, however, accept optional cash payments
and initial investments made pursuant to requests for waiver by such persons.

From time to time, financial
intermediaries, including brokers and dealers, and other persons may engage in transactions primarily to benefit from any discount from
the market price for shares acquired under the Plan. Those transactions may cause fluctuations in the trading volume of Common Stock.
Financial intermediaries and such other persons who engage in positioning transactions may be deemed to be underwriters. We have no arrangements
or understandings, formal or informal, with any person relating to the sale of shares of Common Stock to be received under the Plan.
We reserve the right to modify, suspend or terminate participation in the Plan by otherwise eligible persons to eliminate practices that
are inconsistent with the purposes of the Plan.

<div align='center'>LEGAL MATTERS</div>

The validity of the securities
being offered by this prospectus supplement will be passed upon by Jay L. Kooper, Vice President, General Counsel and Secretary, Middlesex
Water Company.

<div align='center'>EXPERTS</div>

The consolidated financial
statements incorporated in this prospectus supplement by