Saba Capital Management, L.P. filed a Form 4 on November 6, 2026, disclosing a sale of 35,393 shares of BlackRock ESG Capital Allocation Term Trust common stock on November 5, 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: 35,393 shares of common stock disposed of (transaction code S) on November 5, 2026, at a price of $13.16 per share.
  • Remaining beneficial ownership: 11,801,392 shares held indirectly following the reported transaction.
  • Indirect ownership: Securities are held by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager.
  • Key individuals: 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 Reports Share Reduction in BlackRock ESG Capital Allocation Term Trust

According to the Form 4 filed with the SEC on November 6, 2026, Saba Capital Management, L.P. reported the sale of 35,393 shares of common stock in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT). The transaction took place on November 5, 2026, at a price of $13.16 per share, and carries transaction code "S," indicating a sale in the open market.

The filing discloses that following the reported transaction, Saba Capital Management holds 11,801,392 shares of ECAT common stock indirectly. As explained in the filing's footnote, "the securities reported herein are held by 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, 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 the signature of Boaz Weinstein, both dated November 6, 2026.

The filing notes no derivative securities transactions. Saba Capital Management is listed as a 10% owner, not a director or officer of the issuer. No amendment date is indicated, suggesting this is an original filing rather than a revision of a prior report.

What Was Disclosed

Saba Capital Management, L.P. disclosed a sale of 35,393 shares of BlackRock ESG Capital Allocation Term Trust common stock on November 5, 2026, at $13.16 per share, leaving an indirect beneficial ownership of 11,801,392 shares.