Saba Capital Management, L.P. filed a Form 4 on August 11, 2026, disclosing a sale of common stock in BlackRock ESG Capital Allocation Term Trust, traded on NYSE:ECAT, with the earliest reported transaction dated August 10, 2026.

Key Highlights

  • Shares sold: Saba Capital Management, L.P. disposed of 205,881 shares of common stock on August 10, 2026.
  • Sale price: The shares were sold at $15.81 per share.
  • Remaining position: Following the transaction, Saba Capital beneficially owned 14,949,738 shares, held indirectly.
  • Ownership role: Saba Capital 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.
  • Signatories: The form was signed by Zachary Gindes on behalf of Saba Capital Management, L.P., and by Boaz Weinstein, both dated August 11, 2026.

Saba Capital Management Reduces BlackRock ESG Capital Allocation Term Trust Stake

According to the filing, Saba Capital Management, L.P., a 10% owner of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), reported the sale of 205,881 shares of the trust's common stock on August 10, 2026, at a price of $15.81 per share. The transaction is classified with code "S" in the filing, reflecting an open-market sale. Ownership of the shares following the transaction is reported as indirect.

After the reported disposal, Saba Capital Management, L.P. disclosed beneficial ownership of 14,949,738 shares of ECAT common stock, held indirectly. The filing does not include any derivative securities transactions in Table II, and no deemed execution date is listed for the reported sale. No Rule 10b5-1 plan box is checked in the filing.

The Form 4 was filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940. It was signed on August 11, 2026, by Zachary Gindes on behalf of Saba Capital Management, L.P., and separately by Boaz Weinstein.

What Was Disclosed

Saba Capital Management, L.P. reported the sale of 205,881 shares of BlackRock ESG Capital Allocation Term Trust common stock at $15.81 per share on August 10, 2026, leaving the firm with indirect beneficial ownership of 14,949,738 shares.