Saba Capital Management, L.P. filed a Form 4 on August 20, 2026, disclosing a sale of common stock in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) that took place on August 19, 2026.

Key Highlights

  • Shares sold: Saba Capital Management, L.P. disposed of 69,761 shares of common stock on August 19, 2026.
  • Sale price: The shares were sold at $15.23 per share, according to the filing.
  • Remaining position: Following the transaction, Saba Capital Management, L.P. reported indirect beneficial ownership of 14,197,768 shares.
  • Ownership status: Saba Capital Management, L.P. is identified in the filing as a 10% owner of the issuer.
  • Transaction code: The transaction is coded "S," indicating a sale in the open market.

Saba Capital Reports Share Reduction in BlackRock ESG Term Trust

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Saba Capital Management, L.P., headquartered at 405 Lexington Avenue, 58th Floor, New York, New York 10174, reported a disposal of 69,761 shares of common stock in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT). The transaction was dated August 19, 2026, with the form itself filed on August 20, 2026. The filing was signed by Zachary Gindes on behalf of Saba Capital Management, L.P. and by Boaz Weinstein, both on August 20, 2026.

The filing indicates that the shares were disposed of at a price of $15.23 per share under transaction code "S." Following this reported transaction, Saba Capital Management, L.P. disclosed indirect beneficial ownership of 14,197,768 shares of the issuer's common stock. No direct beneficial ownership of shares was reported. The filing notes Saba Capital Management, L.P.'s relationship to the issuer as a 10% owner, and the form was filed by one reporting person.

Table II of the filing, covering derivative securities such as puts, calls, warrants, options, and convertible securities, contains no reported transactions. No explanation of responses was provided beyond the signatures of the filing parties.

What Was Disclosed

The filing disclosed a single sale of 69,761 common shares of BlackRock ESG Capital Allocation Term Trust at $15.23 per share on August 19, 2026, by 10% owner Saba Capital Management, L.P., leaving the firm with indirect beneficial ownership of 14,197,768 shares.