Saba Capital Management, L.P. filed a Form 4 on August 6, 2026, disclosing two open-market sales of common stock in BlackRock ESG Capital Allocation Term Trust (ECAT) on August 4 and August 5, 2026.

Key Highlights

  • First sale: Saba Capital disposed of 99,323 shares on August 4, 2026, at $15.34 per share.
  • Second sale: Saba Capital disposed of 42,298 shares on August 5, 2026, at $15.46 per share.
  • Remaining position: Following both transactions, Saba Capital beneficially owned 15,454,692 shares, held indirectly.
  • Ownership role: Saba Capital Management, L.P. is identified as a 10% owner of the issuer.
  • Transaction codes: Both transactions are coded "S," indicating open-market sales.
  • Signatories: The filing was signed by Zachary Gindes on behalf of Saba Capital Management, L.P., and by Boaz Weinstein, both on August 6, 2026.

Saba Capital's Two-Day Share Reduction in BlackRock ESG Term Trust

According to the filing, Saba Capital Management, L.P., headquartered at 405 Lexington Avenue, 58th Floor, New York, New York 10174, reported two separate disposals of common stock in BlackRock ESG Capital Allocation Term Trust. The filing identifies Saba Capital as a 10% owner of the issuer, which trades under the ticker ECAT.

On August 4, 2026, Saba Capital disposed of 99,323 shares at a price of $15.34, reducing its indirectly held beneficial ownership to 15,496,990 shares, according to the filing. The following day, on August 5, 2026, the reporting person disposed of an additional 42,298 shares at $15.46 per share, bringing its total indirectly held beneficial ownership to 15,454,692 shares. Both transactions carry transaction code "S" as reported in the filing.

The filing does not include any entries in Table II, indicating no derivative securities were acquired, disposed of, or reported as beneficially owned. All shares reported are common stock held indirectly. The form was filed by one reporting person and was signed on August 6, 2026, by Zachary Gindes on behalf of Saba Capital Management, L.P., and by Boaz Weinstein.

What Was Disclosed

Saba Capital Management, L.P. disclosed the sale of a combined 141,621 shares of ECAT common stock across two trading days, at prices of $15.34 and $15.46, leaving the firm with an indirectly held position of 15,454,692 shares following the transactions.