{
  "id": 6758474,
  "title": "BlackRock Capital Allocation Trust stock falls on rights offer",
  "url": "https://urgent.news/2026/09/11/blackrock-capital-allocation-trust-stock-falls-on-rights-offer",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T12:45:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/blackrock-capital-allocation-trust-stock-falls-on-rights-offer-93CH-4897906"
  },
  "original_language": "en",
  "account": "On September 10, 2026, BlackRock Capital Allocation Trust (BCAT) announced it would conduct a rights offering, allowing existing shareholders to buy additional shares at a discount to the fund's net asset value (NAV). The rights, which will be transferable and trade on the NYSE under the symbol BCAT RT, will be issued starting September 25, 2026. For each share held, shareholders will receive one right, but five rights are required to purchase one new share. The subscription price, to be determined on October 21, 2026, will be 95% of the average NYSE sales price per share over the five days leading up to the expiration date, with a maximum price of $0.01 below the NAV and a minimum of 98.5%. Shareholders can exercise their rights to subscribe for additional shares, but only if not purchased by other right holders, subject to certain limitations. BlackRock Advisors will cover all expenses of the offer, which will not be borne by the fund. BCAT announced on September 10 that it would maintain its current distribution level through the end of 2026, even after the offer. Shares issued through the rights offering will be ineligible for dividends or distributions with a record date prior to the expiration date. BlackRock decided that the offer would benefit the fund and shareholders by increasing assets and capitalizing on investment opportunities aligned with the fund's objectives of generating total return and income through current income, current gains, and long-term capital appreciation.",
  "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."
}