Saba Capital Management Sells 44,101 ECAT Shares at $14.79 Each

Saba Capital Management, L.P., a 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT), filed a Form 4 disclosing the sale of 44,101 shares of common stock on April 27, 2026. The shares were sold at a price of $14.79 per share, generating approximately $652,000 in proceeds. Following this transaction, Saba Capital Management's ownership position decreased to 21,335,844 shares. The filing was signed by Zachary Gindes and Boaz Weinstein on behalf of Saba Capital Management. This represents a routine disclosure of insider trading activity by a significant shareholder, showing a reduction in their position while maintaining substantial ownership in the closed-end fund. The transaction appears to be part of normal portfolio management activities rather than a fundamental shift in investment strategy.