Saba Capital Management, L.P. filed a Form 4 on August 10, 2026, disclosing two open-market sales of common stock in BlackRock ESG Capital Allocation Term Trust (ECAT) executed on August 6 and August 7, 2026.

Key Highlights

  • First sale: Saba Capital sold 134,046 shares on August 6, 2026, at $15.50 per share.
  • Second sale: Saba Capital sold 165,027 shares on August 7, 2026, at $15.67 per share.
  • Remaining position: Following both transactions, Saba Capital beneficially owned 15,155,619 shares indirectly.
  • Reporting person role: Saba Capital is identified in the filing as a 10% owner of the issuer.
  • Ownership form: All reported beneficial ownership is held indirectly.
  • Signatories: The form was signed by Zachary Gindes on behalf of Saba Capital Management, L.P., and by Boaz Weinstein, both dated August 10, 2026.

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

According to the filing, Saba Capital Management, L.P., a 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported two separate disposals of common stock under transaction code "S," indicating open-market sales. On August 6, 2026, the firm sold 134,046 shares at a price of $15.50, reducing its indirectly held position to 15,320,646 shares following that transaction.

The following day, August 7, 2026, the filing discloses a second sale of 165,027 shares at $15.67 per share. After this transaction, Saba Capital's total indirectly held beneficial ownership stood at 15,155,619 shares of common stock, according to the filing. No derivative securities transactions were reported in Table II of the form.

The filing identifies the reporting person as Saba Capital Management, L.P., located at 405 Lexington Avenue, 58th Floor, New York, New York 10174. The form was filed as a single reporting person filing and was signed by Zachary Gindes on behalf of Saba Capital Management, L.P., and by Boaz Weinstein, each on August 10, 2026.

What Was Disclosed

Saba Capital Management, L.P. reported two sales of common stock in BlackRock ESG Capital Allocation Term Trust totaling 299,073 shares across August 6 and August 7, 2026, leaving the firm with an indirect beneficial ownership of 15,155,619 shares.