Saba Capital Management sells $355,376 in BlackRock ESG trust
On October 7, 2026, Saba Capital Management, L.P., a significant stakeholder in BlackRock ESG Capital Allocation Term Trust (ECAT), sold 25,204 common shares of the trust. The transaction yielded $355,376. ECAT, currently trading at $14.13, is trading near its 52-week low of $13.36 and offers an impressive dividend yield of 22.46%.
InvestingPro Tips highlight the trust's commitment to providing a substantial dividend to shareholders, with five consecutive years of dividend increases. After the sale, Saba Capital Management indirectly owns 12,496,843 common shares, representing a substantial portion of the $1.4 billion trust. This information was officially recorded on October 9, 2026.
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