Saba Capital Management, L.P. 4

What Happened

• Saba Capital Management, L.P. (reported as a 10% owner) sold 40,778 shares of BlackRock ESG Capital Allocation Term Trust (ECAT) in a transaction reported as an open-market/private sale. The shares were disposed at $13.94 each, for a total reported value of approximately $568,445. This is a sale (routine disposition) rather than a purchase.

Key Details

• Transaction date: 2026-03-25
• Price per share: $13.94
• Shares sold: 40,778
• Total value: $568,445 (approx.)
• Shares owned after transaction: Not specified in this Form 4
• Filing date: 2026-03-26 (filed the next day; appears timely under Form 4 rules)
• No footnotes (e.g., 10b5‑1 plan, tax withholding) were indicated in the provided data

Context

• Saba Capital is a 10% institutional owner, not an individual executive; institutional sales can reflect portfolio rebalancing or fund flows rather than insider sentiment. This filing is a straightforward sale disclosure and does not by itself indicate why the shares were sold.