Saba Capital, 10% owner, sells $2.56m BlackRock ECAT shares
Saba Capital Management, L.P., a 10% stakeholder in BlackRock ESG Capital Allocation Term Trust (ECAT), announced the sale of 167,151 shares on September 8, 2026. The investment company exchanged the shares for $15.29 each, generating roughly $2,555,738 in revenue. The trust's current trading price is $15.16, which offers investors a dividend yield of 21%.
ECAT has demonstrated robust performance in recent times, with a 16% increase over the past six months and a 14% gain year-to-date. According to InvestingPro, a platform tracking 1,400 US equities, ECAT offers a substantial dividend and exhibits low price volatility.
Post this transaction, Saba Capital Management, L.P. now indirectly owns 13,020,741 shares in BlackRock ESG Capital Allocation Term Trust. The Form 4 filing, signed by Zachary Gindes and Boaz Weinstein on September 9, 2026, officially recorded this sale.
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