SEC Form 4 · accession 0001140361-18-033596

Tortoise Midstream Energy Fund, Inc. · NTG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Shobana Gopal

Officer — Vice President

Period of report

Jul 24, 2018

Accepted (ET)

Jul 26, 2018 · 11:55 am 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 Stock^F1,F2	Jul 24, 2018	X	60	—	A	1,018	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Oversubscription Privilege (contingent right to buy)^F1,F2	—	Jul 24, 2018	X	60	D	Jun 19, 2018	Jul 18, 2018	Common Stock	60	0	D

Explanation of responses

F1On 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 entitled their holders to purchase one new common share for every three Rights held; however, any Record Date Stockholder who owned fewer than three common shares as of the Record Date was entitled to subscribe for one common share. The subscription price per common share was $14.64 (the "basic subscription privilege"). The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $14.64 per commo
F2On July 11, 2018, the reporting person exercised her basic subscription rights and oversubscription privileges in full to purchase common shares of the Fund issued in the Rights Offering. The reporting person purchased 240 common shares of the Fund from the exercise of her basic subscription rights (previously reported in a Form 4 filed on July 12, 2018), plus an additional 60 common shares of the Fund pursuant to the oversubscription privileges associated with the reporting person's subscription rights on the basis of the Fund's allocation of common shares, as of the closing of the subscription period. On July 24, 2018, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Shareholders who exercised their oversubscription privileges.