BlackRock ESG Capital Allocation Term Trust (ECAT) Form SCHEDULE 13D/A — Aug 13, 2026
Saba Capital Management filed a Schedule 13D/A amendment on BlackRock ESG Capital Allocation Term Trust reporting that it sold 1,122,546 common shares in open-market transactions between August 3 and August 12, 2026. All eight reported trading days were sells, with daily sale sizes ranging from 42,298 shares to 205,881 shares at prices between $15.16 and $15.84 per share. Saba is one of the most prominent activist investors in closed-end funds, so a steady, one-sided sell-down of its stake in this BlackRock ESG term trust reduces the activist overhang that has supported the shares.
Key figures
- Trade Window
- 2026-08-03 to 2026-08-12
- Largest Daily Sale
- 205,881 shares on 8/10/2026 at $15.81
- Smallest Daily Sale
- 42,298 shares on 8/5/2026 at $15.46
- Trading Days With Sales
- 8
- Price Range Low Per Share
- 15.16
- Price Range High Per Share
- 15.84
- Computed Gross Sale Proceeds
- approximately $17.5 million (sum of reported shares x reported prices)
AI analysis
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