Saba Capital Management, L.P. executed a two-day disposal of common shares in BlackRock ESG Capital Allocation Term Trust (EXCHANGE:ECAT), according to a regulatory filing. The firm, which holds about 10% of the trust, sold a combined 164,336 shares on March 11 and March 12, 2026, producing total proceeds of $2.39 million.
The reported sale prices ranged from $14.52 to $14.67 per share. On March 11, Saba Capital sold 54,395 shares at $14.67 each. That transaction lowered the firm’s stake to 22,595,026 shares. The next day, March 12, the firm sold an additional 109,941 shares at $14.52 apiece, reducing its holdings to 22,485,085 shares.
The transactions were made public in a Form 4 filing with the Securities and Exchange Commission. The Form 4 was signed by Zachary Gindes on behalf of Saba Capital Management, L.P., and by Boaz Weinstein.
At the time of the filing, the trust was trading at $14.14, which places the market price close to its 52-week low of $13.35. The trust also offers a substantial dividend yield of 23%.
InvestingPro, which provides additional proprietary metrics, assigns ECAT a financial health score of "GREAT" and notes that the trust pays a significant dividend to shareholders.
Context and market signals
The filing documents the specific share counts and prices for each day of sales and records the resulting reductions in Saba Capital’s holdings. The trust’s market price, recent trading levels and advertised dividend yield are included in the disclosure and in the InvestingPro summary referenced in the filing.
All transaction and holding figures above are taken from the Form 4 filing and related data reported alongside the SEC disclosure.