SEC Form 4 · accession 0001140361-18-032391
Tortoise Midstream Energy Fund, Inc. · NTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Ryan Mick
Other
Period of report
Dec 1, 2017
Accepted (ET)
Jul 13, 2018 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001490286
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 1, 2017 | L | 6 | $16.35 | A | 369 | D | |
| Common StockF1 | Mar 1, 2018 | L | 5 | $17.62 | A | 374 | D | |
| Common StockF1 | Jun 1, 2018 | L | 5 | $18.60 | A | 380 | D | |
| Common StockF2,F3 | Jul 12, 2018 | X | 126 | — | A | 506 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Transferable Subscription Rights (Right to Buy)F2,F3 | — | Jul 12, 2018 | X | 378 | D | Jun 19, 2018 | Jul 18, 2018 | Common Stock | 126 | 2 | D |
Explanation of responses
- F1Automatic reinvestment of distribution by broker not made at the Tortoise MLP Fund, Inc. dividend reinvestment plan price. This transaction is being voluntarily reported early on Form 4.
- F2On June 7, 2018, Tortoise MLP Fund, Inc. (the "Fund") announced the terms of a pro rata offering of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of June 19, 2018 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 15,802,094 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held; however, any Record Date Stockholder who owns fewer than three common shares as of the Record Date will be entitled to subscribe for one common share. The subscription price per common share is an estimated $16.54 (the "basic subscription privilege").
- F3The reporting person exercised his basic subscription privilege. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on July 18, 2018 (unless otherwise extended).