Saba Capital Management, L.P. filed a Form 4 on November 4, 2026, disclosing a sale of 235,008 shares of BlackRock ESG Capital Allocation Term Trust common stock on November 3, 2026.

Key Highlights

  • Reporting person: Saba Capital Management, L.P., identified as a 10% owner of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)
  • Transaction: 235,008 shares of common stock disposed of (transaction code S) on November 3, 2026
  • Price: $13.76 per share
  • Remaining beneficial ownership: 11,931,933 shares held indirectly following the transaction
  • Indirect ownership: Securities are held by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager
  • Key principal: 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 ECAT Position in November 3 Open-Market Sale

According to the filing, Saba Capital Management, L.P. sold 235,008 shares of BlackRock ESG Capital Allocation Term Trust common stock on November 3, 2026, at a price of $13.76 per share. The transaction was coded "S," indicating an open-market sale. The filing was submitted on November 4, 2026, and covers the earliest transaction date of November 3, 2026.

The filing states that the securities reported are held indirectly, through funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager. Boaz R. Weinstein is identified as the managing member of Saba Capital Management GP, LLC, which is the general partner of Saba Capital Management, L.P. The form was signed by Maria Piccolino on behalf of Saba Capital Management, L.P., and also carries Boaz Weinstein's signature, both dated November 4, 2026.

Following the reported sale, Saba Capital Management, L.P. reported indirect beneficial ownership of 11,931,933 shares of ECAT common stock. No derivative securities transactions were reported in Table II of the filing. The reporting person is listed as a 10% owner of the issuer, BlackRock ESG Capital Allocation Term Trust, which trades on the NYSE under the symbol ECAT.

What Was Disclosed

Saba Capital Management, L.P. disclosed a sale of 235,008 ECAT common shares at $13.76 on November 3, 2026, leaving the firm with indirect beneficial ownership of 11,931,933 shares, according to the Form 4 filed November 4, 2026.