Transaction summary
Saba Capital Management, L.P. - identified as a ten percent owner of BlackRock ESG Capital Allocation Term Trust (NASDAQ: ECAT) - sold 44,054 shares of ECAT common stock on January 26, 2026. The shares changed hands at $15.54 apiece, producing proceeds of $684,599 for the position disposed of that day.
Context at the time of sale
The disposition took place while ECAT was trading near its 52-week high of $17.16. Over the prior 12 months the trust had delivered a total return of 17.64%.
Remaining ownership and fund profile
Following the transaction, Saba Capital Management, L.P. directly holds 25,660,190 shares of BlackRock ESG Capital Allocation Term Trust. ECAT reports a market capitalization of $1.54 billion. The trust also offers a high reported dividend yield of 21.42% and has increased its dividend for five consecutive years.
Market characteristics and available analysis
According to InvestingPro, the trust generally exhibits low price volatility, a characteristic noted in the original reporting. The same source indicates that subscribers can access three additional ProTips and more extensive financial metrics designed to help evaluate high-yielding investments like ECAT.
What the report does and does not state
The public details in the transaction report cover the number of shares sold, the sale price and the resulting proceeds, the date of the transaction, Sabas direct ownership after the sale, and a snapshot of ECATs market metrics and recent performance. The report does not provide a stated rationale for the sale or any commentary from Saba Capital or BlackRock on the trade.
Note: The information above reflects the transaction data and fund details as reported in the transaction disclosure and related commentary.