Saba Capital Management Sells 203,261 ECAT Shares Over Two Days

Saba Capital Management, L.P., a 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT), filed a Form 4 disclosing significant sales of the company's common stock. On June 23, 2026, Saba sold 91,365 shares at $15.37 per share, reducing its position to 18,154,072 shares. The following day, June 24, 2026, Saba sold an additional 111,896 shares at $15.25 per share, bringing its total holdings down to 18,042,176 shares. These transactions represent a total sale of 203,261 shares over two consecutive trading days. The filing indicates Saba holds these shares indirectly and continues to maintain a substantial ownership position in the closed-end fund despite the recent divestment. The sales occurred at prices slightly below the fund's typical trading range, suggesting potential profit-taking or portfolio rebalancing by the activist investor.