Tax Information

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

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Annual 1099-DIV

2017 Common Stock Tax Information

NTG provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2017. For stockholders who received all distributions in cash during 2017, approximately 72% was treated as a qualified dividend (Box 1b) and 28% was treated 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
11/21/2017 11/22/2017 11/30/2017 $0.4225 $0.3046 $0.3046 $0.0000 $0.1179
08/22/2017 08/24/2017 08/31/2017 $0.4225 $0.3046 $0.3046 $0.0000 $0.1179
05/22/2017 05/24/2017 05/31/2017 $0.4225 $0.3046 $0.3046 $0.0000 $0.1179
02/16/2017 02/21/2017 02/28/2017 $0.4225 $0.3046 $0.3046 $0.0000 $0.1179
Total 2017 Distributions: $1.6900 $1.2184 $1.2184 $0.0000 $0.4716

Box 1a: Ordinary dividends are taxed at ordinary income tax rates.
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 satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

2017 Form 8937

Nothing contained herein should be construed as tax advice; consult your tax advisor 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.