Saba Capital Management, L.P. 4

What Happened Saba Capital Management, L.P., reported sales of common shares of BlackRock ESG Capital Allocation Term Trust (ECAT). The firm sold 37,606 shares on 2026-03-26 at $13.87 for $521,595 and 88,419 shares on 2026-03-27 at $13.59 for $1,201,614 — a combined 126,025 shares for $1,723,209. These were reported as open‑market sales (transaction code S). This is a sale (not a purchase) by a 10% institutional holder.

Key Details

• Transaction dates and prices:
  • 2026-03-26: 37,606 shares @ $13.87 = $521,595
  • 2026-03-27: 88,419 shares @ $13.59 = $1,201,614
• Total sold: 126,025 shares for $1,723,209.
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post‑transaction holdings.
• Filing info: Form filed 2026-03-30 (Period of report begins 2026-03-26). The filing date falls within the standard two‑business‑day window for these trades.
• Footnotes/plan details: The provided data does not disclose any 10b5‑1 plan, tax‑withholding, or other special footnotes.

Context Saba Capital is a 10% institutional owner (an investment manager), not an individual officer or director. Institutional sales are often portfolio rebalancing or liquidity moves and should not be interpreted alone as a signal about company fundamentals. Purchases tend to be more informative about insider conviction; this report documents routine selling by a large shareholder. For full disclosure (post‑transaction holdings and any plan details), review the complete SEC Form 4 (Accession: 0001510281-26-000136).