BERNEY RAND C 5
5 · Tortoise Midstream Energy Fund, Inc. · Filed Jan 7, 2019
Insider Transaction Report
Form 5
BERNEY RAND C
Director
Transactions
- Exercise of In-Money
Common Stock
2018-07-17+354→ 1,416 total - Exercise of In-Money
Transferable Subscription Rights (Right to Buy)
2018-07-17−1,062→ 0 totalFrom: 2018-06-19Exp: 2018-07-18→ Common Stock (354 underlying)
Footnotes (1)
- [F1]On June 7, 2018, Tortoise MLP Fund, Inc. (now known as Tortoise Midstream Energy 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").