Saba Capital Management, L.P. disclosed two separate stock sales of BlackRock ESG Capital Allocation Term Trust (EXCHANGE: ECAT) shares on March 3 and March 4, 2026. The asset manager, identified as owning ten percent of ECAT, sold a total of 253,128 common shares across the two trades for aggregate proceeds of $3.78 million.
The initial transaction on March 3, 2026, consisted of 174,550 shares sold at $14.92 per share. Following that trade, Saba Capital reported holding 22,949,058 shares. On March 4, 2026, the firm sold an additional 78,578 shares at $15.01 per share, after which its reported stake stood at 22,870,480 shares.
Taken together, the two transactions were executed at prices ranging from $14.92 to $15.01 per share, yielding total proceeds of $3.78 million. At the time of the report, ECAT was trading at $14.83, a fraction below the sale prices, and the trust had a market capitalization of $1.47 billion.
Additional data noted from InvestingPro Tips highlights that ECAT currently pays a significant dividend, quoted at a 22.13% yield. The platform also reports that the stock delivered a 10% return over the past year. InvestingPro advertises that users can access four more ProTips and a broader set of financial metrics on its service.
The disclosure of these sales provides a precise record of Saba Capital’s trading activity in ECAT on those dates. No further commentary, motives, or forward-looking statements were included in the filing details provided.
Quick facts
- Seller: Saba Capital Management, L.P. (10% owner)
- Security: BlackRock ESG Capital Allocation Term Trust (EXCHANGE: ECAT)
- Shares sold: 253,128 (174,550 on March 3; 78,578 on March 4, 2026)
- Sale prices: $14.92 - $15.01 per share
- Proceeds: $3.78 million
- Post-sale holdings: 22,870,480 shares
- Current trade price: $14.83; Market cap: $1.47 billion
- Reported dividend yield: 22.13%; One-year return: 10% (InvestingPro Tips)