Saba Capital Management, L.P. 4

What Happened

• Saba Capital Management, L.P., reported as a 10% owner of BlackRock ESG Capital Allocation Term Trust (ticker: ECAT), sold a total of 188,125 shares in two open‑market transactions. The firm sold 75,754 shares at $15.37 each (≈ $1,164,339) on 2026-06-26 and 112,371 shares at $15.54 each (≈ $1,746,470) on 2026-06-29. These were sales (S), which are often routine for institutional holders rather than a direct signal of company performance.

Key Details

• Transaction dates and prices:
  • 2026-06-26: 75,754 shares sold at $15.37 — $1,164,339
  • 2026-06-29: 112,371 shares sold at $15.54 — $1,746,470
• Total shares sold: 188,125; total proceeds: ≈ $2,910,809.
• Shares owned after the transactions: Not specified in the provided summary — see the Form 4 on EDGAR for the reporting person’s post‑transaction holdings.
• Footnotes / plan details: No 10b5‑1 plan, tax withholding, or other footnotes were provided in the summary above.
• Filing timing: The Form 4 was filed 2026-06-30 covering trades on 6/26 and 6/29. If you need to confirm timeliness (late filing flag “L”), check the EDGAR filing for any late‑filing notation.

Context

• Saba Capital is an institutional 10% owner, not an executive officer; institutional sales can reflect portfolio rebalancing rather than insider views of the company. For retail investors, purchases are generally more informative than routine institutional sales. For full details, review the filed Form 4 (accession 0001510281-26-000227) on the SEC EDGAR site.