Saba Capital Management, L.P. filed a Form 4 on September 1, 2026, disclosing two open-market sales of common stock in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) executed on August 28 and August 31, 2026.

Key Highlights

  • First sale: 174,103 shares of common stock were disposed of on August 28, 2026, at $15.43 per share.
  • Second sale: 129,839 shares were disposed of on August 31, 2026, at $15.38 per share.
  • Remaining stake: Following both transactions, Saba Capital reported beneficial ownership of 13,593,042 shares, held indirectly.
  • Reporting person role: Saba Capital Management, L.P. is identified in the filing as a 10% owner of the issuer.
  • No derivative activity: Table II of the filing contains no reported derivative securities transactions.

Saba Capital Management Reports Two Block Sales in BlackRock ESG Capital Allocation Term Trust

According to the filing, Saba Capital Management, L.P., based at 405 Lexington Avenue, 58th Floor, New York, New York 10174, reported two separate dispositions of common stock in BlackRock ESG Capital Allocation Term Trust. The first transaction, dated August 28, 2026, involved the sale of 174,103 shares at a price of $15.43, reducing the firm's indirectly held beneficial ownership to 13,722,881 shares following that transaction.

The second transaction, dated August 31, 2026, involved the disposal of an additional 129,839 shares at $15.38 per share. After this sale, the filing discloses that Saba Capital's indirectly held beneficial ownership stood at 13,593,042 shares. Both transactions are coded "S" in the filing, indicating open-market sales, and ownership in both cases is reported as indirect.

The filing was signed on September 1, 2026, by Zachary Gindes on behalf of Saba Capital Management, L.P., and also carries the name Boaz Weinstein. The form identifies Saba Capital as a 10% owner of NYSE:ECAT. No derivative securities were reported in Table II of the filing, and no amendment date is indicated, suggesting this is an initial filing rather than a revision.

What Was Disclosed

Saba Capital Management, L.P. disclosed the sale of a combined 303,942 shares of BlackRock ESG Capital Allocation Term Trust common stock across two dates in late August 2026, leaving the firm with an indirectly held position of 13,593,042 shares.