Middlesex Water Company Concludes Its Common Stock 5% Discount Purchase Program
August 05 2019 - 1:30PM
Middlesex Water Company (NASDAQ:MSEX) today announced that it has
reached the 200,000 share purchase limit established for its Common
Stock 5% Discount window.
The 5% Discount offer applied to all Common Stock purchases made
under the Middlesex Water Investment Plan. The discount had
been in effect since January 2, 2019 and was set to expire no later
than December 30, 2019.
“We’re pleased that we were able to provide existing Plan
participants and new investors with an opportunity to invest in our
Company at a discount -- even if for just a limited time,” said
Dennis W. Doll, Chairman, President and Chief Executive
Officer. “The rapid rate of subscription for this offer
demonstrates confidence by investors in the regulated water sector
and our ability to drive long term shareholder value,” added
Doll.
Middlesex Water has paid cash dividends in varying amounts
continually since 1912 and has increased its annual dividend rate
for 46 consecutive years.
About Middlesex Water CompanyMiddlesex Water
Company, organized in 1897, provides regulated and unregulated
water and wastewater utility services in New Jersey and Delaware
through various subsidiary companies. For additional information
regarding Middlesex Water Company, visit the Company's web site at
https://www.middlesexwater.com/ or call (732) 634-1500.
Contact:Bernadette Sohler, Vice President – Corporate
AffairsMiddlesex Water Company (732)
638-7549www.middlesexwater.com
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