{
  "id": 6448581,
  "title": "Saba Capital, 10% owner, sells $2.56m BlackRock ECAT shares",
  "url": "https://urgent.news/2026/09/09/saba-capital-10-owner-sells-2-56m-blackrock-ecat-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T17:30:45.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/saba-capital-10-owner-sells-256m-blackrock-ecat-shares-93CH-4894271"
  },
  "original_language": "en",
  "account": "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%.\n\nECAT 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.\n\nPost 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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}