Saba Capital Management, L.P. filed a Form 4 on August 13, 2026, disclosing two open-market sales of common stock in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) executed on August 11 and August 12, 2026.

Key Highlights

  • First sale: 120,376 shares disposed of on August 11, 2026, at $15.84 per share.
  • Second sale: 153,689 shares disposed of on August 12, 2026, at $15.83 per share.
  • Remaining position: Saba Capital reported 14,675,673 shares beneficially owned following both transactions, held indirectly.
  • Ownership status: Saba Capital Management is identified in the filing as a 10% owner of the issuer.
  • Transaction codes: Both transactions are coded "S" (sale) in Table I of the filing.
  • Signatories: The form was signed by Zachary Gindes on behalf of Saba Capital Management, L.P., and by Boaz Weinstein, both on August 13, 2026.

Saba Capital Management Reduces Indirect ECAT Holdings Across Two Trading Days

According to the filing, Saba Capital Management, L.P., a 10% owner of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), sold a combined 274,065 shares of the trust's common stock over two consecutive trading days. The first transaction, dated August 11, 2026, involved the disposal of 120,376 shares at $15.84 each. Following that sale, the filing reported beneficial ownership of 14,829,362 shares, held indirectly.

On August 12, 2026, the filing disclosed a second sale of 153,689 shares at $15.83 per share. After this transaction, Saba Capital's reported indirect beneficial ownership stood at 14,675,673 shares. Both disposals are recorded under transaction code "S" in Table I of the Form 4, which covers non-derivative securities. No derivative securities transactions were reported in Table II.

Saba Capital Management, L.P. is headquartered at 405 Lexington Avenue, 58th Floor, New York, New York 10174. The filing was made pursuant to Section 16(a) of the Securities Exchange Act of 1934 and was signed on August 13, 2026, by Zachary Gindes on behalf of the firm and by Boaz Weinstein individually.

What Was Disclosed

Saba Capital Management, L.P. reported the sale of 274,065 shares of BlackRock ESG Capital Allocation Term Trust common stock across August 11-12, 2026, at prices of $15.84 and $15.83 per share, reducing its indirect beneficial ownership to 14,675,673 shares.