Tax Information

(NYSE: NTG) Tortoise Midstream Energy Fund, Inc.

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Annual 1099-DIV

2015 Common Stock Tax Information

NTG provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2015. For stockholders who received all distributions in cash during 2015, approximately 55.56% was treated as qualified dividend income (Box 1b) and 44.44% as a return of capital (Box 3). The per share characterization is reflected in the sample Form 1099-DIV below.

Ex-Div Date Record Date Payment
Per Share
Ordinary Dividends
Box 1a
Box 1b
Capital Gain
Box 2a
Box 3
11/19/2015 11/23/2015 11/30/2015 $0.422500 $0.234734 $0.234734 $0.00 $0.187766
08/20/2015 08/24/2015 08/31/2015 $0.422500 $0.234734 $0.234734 $0.00 $0.187766
05/20/2015 05/22/2015 05/29/2015 $0.422500 $0.234734 $0.234734 $0.00 $0.187766
02/18/2015 02/20/2015 02/27/2015 $0.422500 $0.234734 $0.234734 $0.00 $0.187766
Total 2015 Distributions: $1.690000 $0.938936 $0.938936 $0.00 $0.751064

Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding-period requirements.
Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company-sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2011, issuers of corporate securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

2015 Form 8937

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.