Saba Capital Management Sells 64,443 ECAT Shares at $15.50

Saba Capital Management, L.P., a 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT), filed a Form 4 disclosing the sale of 64,443 common shares on June 22, 2026, at a price of $15.50 per share. Following this transaction, Saba Capital's ownership position decreased to 18,245,437 shares. The filing was signed by Zachary Gindes and Boaz Weinstein on June 23, 2026. This represents a significant reduction in Saba Capital's stake in the closed-end fund, though they remain a major shareholder with over 18 million shares. The transaction was reported as indirect ownership and involved common stock of the ESG-focused investment trust.