Saba Capital Management, L.P. filed a Form 4 on November 2, 2026, disclosing a sale of common stock in BlackRock ESG Capital Allocation Term Trust on October 30, 2026.

Key Highlights

  • Transaction date: October 30, 2026, with the filing submitted on November 2, 2026.
  • Shares sold: 11,140 shares of common stock disposed of (transaction code S), at a price of $13.51 per share.
  • Remaining beneficial ownership: 12,253,113 shares held indirectly following the reported transaction.
  • Ownership form: All reported shares are held indirectly, through funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager.
  • Reporting person role: Saba Capital Management, L.P. is identified as a 10% owner of the issuer.
  • Key individual: Boaz R. Weinstein serves as managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P.

Saba Capital Management Reduces Position in BlackRock ESG Capital Allocation Term Trust

According to the Form 4 filing, Saba Capital Management, L.P. disposed of 11,140 shares of common stock in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) on October 30, 2026, at a price of $13.51 per share. The transaction is recorded under transaction code S, indicating a sale in the open market. No derivative securities transactions were reported.

The filing discloses that following the reported sale, Saba Capital Management holds indirect beneficial ownership of 12,253,113 shares. The filing explains, in footnote 1, that "the securities reported herein are held by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager," and that Boaz R. Weinstein serves as managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P. Saba Capital Management is identified in the filing as a 10% owner of the issuer.

The form was signed by Maria Piccolino on behalf of Saba Capital Management, L.P., and also carries the name Boaz Weinstein, both dated November 2, 2026. The filing covers non-derivative securities only, with Table II containing no reported derivative transactions.

What Was Disclosed

Saba Capital Management, L.P. reported the sale of 11,140 common shares of BlackRock ESG Capital Allocation Term Trust at $13.51 per share on October 30, 2026, leaving the firm with indirect beneficial ownership of 12,253,113 shares.