Generators with extended unions, null and undefined produces compiler errors

I've run into a weird problem in a project that uses async generators. I've reduced the problematic code to the example
below, which also fails in a similar way that my actual code does.

There seem to be several conditions that must be fulfilled:

1. Type T is a union.
2. The argument generator extends T (with WithID in the example).
3. The argument generator also accepts both null and undefiened.
4. The provided generator has a return signature.
5. The provided generator's return signature yields T and either null or undefined (but not both).

Change just any of these conditions in the playground, and the error goes away ...

TypeScript Version: 4.0.0-beta (and below)

Search Terms: generator null undefined

Expected behavior: No errors.

Actual behavior: A strange error message when doSomething() is called.

Related Issues: No

Code

interface WithID {
    id?: number;
}

type MyEvent = { type: "number", value: number } |  { type: "string", value: string };
//interface MyEvent { type: "number" | "string", value: number | string };

function doSomething<T extends object>(gen: Generator<T & WithID | undefined | null>) {
    // ...
}

function* readEvents(): Generator<MyEvent | undefined> {
    yield undefined;
}

doSomething(readEvents());

"use strict";
//interface MyEvent { type: "number" | "string", value: number | string };
function doSomething(gen) {
    // ...
}
function* readEvents() {
    yield undefined;
}
doSomething(readEvents());

{
  "compilerOptions": {
    "noImplicitAny": true,
    "strictNullChecks": true,
    "strictFunctionTypes": true,
    "strictPropertyInitialization": true,
    "strictBindCallApply": true,
    "noImplicitThis": true,
    "noImplicitReturns": true,
    "alwaysStrict": true,
    "esModuleInterop": true,
    "declaration": true,
    "experimentalDecorators": true,
    "emitDecoratorMetadata": true,
    "moduleResolution": 2,
    "target": "ES2019",
    "jsx": "React",
    "module": "ESNext"
  }
}

Playground Link: Provided