Company: MSEX
Filing Date: 2025-07-29
Form Type: 424B5
Source: 0001104659-25-071727
Chunk: 18

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-29
Form: 424B5
Chunk 18
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occurring investment, funds will be drawn on the of each month or if that date falls
on a non-business day, the next business day. A shareholder can also establish a onetime debit instance to be drawn from their account.
You should allow up to 4 weeks for the first automatic bank draft to be initiated. In order to terminate a bank draft, you must notify
the Plan Agent in writing at least ten (10) business days prior to the next automatic bank draft date in order for the termination
to be effective by that date.

Dividends on Shares Purchased
– If shares that you have purchased by optional investment are added to your account on or before a dividend record date, you will
receive the upcoming dividend on those newly added shares as well as any other shares already credited to your account.

You have no obligation to make any optional investments
under the Program.

<div align='center'>S-14</div>

| 16. | Will I be charged fees for optional 
 cash payments?                      |

No. You will not be
charged any fees in connection with your optional cash payments. However, you may incur certain charges for certain other transactions,
requests or withdrawals under the Plan. (See Questions 32 and 41.)

| 17. | How are payments with “insufficient 
 funds” handled?                     |

If an optional cash payment
is made by a check drawn on insufficient funds or incorrect draft information, or the Plan Agent otherwise does not receive the money,
the requested purchase will be deemed void, and the Plan Agent will immediately remove from your account any shares already purchased
upon the prior credit of such funds. The Plan Agent may, at its discretion, through a registered broker-dealer, sell such shares to satisfy
any uncollected amounts or return such shares to the Company. If the net proceeds from any sale of such shares are insufficient to satisfy
the balance due, the Plan Agent may, through a registered broker -dealer, sell additional shares from your account as necessary to satisfy
the uncollected balance.

| 18. | When will optional cash payments 
 be invested?                     |

If the Plan Agent receives
your optional cash payment at least two (2) days prior to the end of any month, it will invest your funds on the first business
day of the next month, subject to any suspension of the Plan, including where suspension is necessary to comply with Regulation M under
the Exchange Act or any other applicable securities laws. If the Plan Agent receives your