Saba Capital Management, L.P. Amendment to Schedule 13D Filing

This filing is an amendment (Amendment No. 31) to a Schedule 13D for BlackRock ESG Capital Allocation Term Trust, jointly filed by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Mr. Boaz R. Weinstein. The filing details transactions in the Common Shares of the issuer between March 12, 2026, and March 16, 2026. Notably, on March 16, 2026, Saba Capital Master Fund, Ltd. agreed to conditionally withdraw its proposed nomination of Lawrence Epstein as a Class I Nominee for the Issuer's 2026 annual meeting of shareholders. This withdrawal is contingent upon specific conditions related to the number of seats up for election and the composition of the Issuer's Board of Directors. The Reporting Persons collectively hold 22,451,311 shares, representing 22.57% of the outstanding shares as of December 31, 2025. Funds for share purchases were derived from subscription proceeds, capital appreciation, and margin account borrowings. The filing also includes Schedule A, detailing the open market transactions of Common Shares by Saba Capital during the specified period.