Saba Capital Management, L.P., the 10%+ owner of the BlackRock ESG Capital Allocation Term Trust ($ECAT), sold 153,689 shares on August 12, 2026, in an open-market transaction at $15.83 per share. The sale totaled $2,432,896.87 and was disclosed in a Form 4 filed on August 13, one day after the trade. After the transaction, Saba reported ownership of 14,675,673 shares.
The August 13 filing also reported a separate open-market sale the previous day: 120,376 shares at $15.84 per share, for $1,906,755.84, on August 11. Combined, the two transactions in that filing accounted for $4,339,652.71. Saba Capital Management, L.P. had reported other $ECAT sales in the days before that. On August 10, the fund disclosed an open-market sale of 205,881 shares at $15.81 per share, or $3,254,978.61, and on August 7 it reported selling 165,027 shares at $15.67 per share, or $2,585,973.09.
The sequence of August filings also included a sale of 134,046 shares at $15.50 per share on August 6, totaling $2,077,713; 42,298 shares at $15.46 per share on August 5, totaling $653,927.08; 99,323 shares at $15.34 per share on August 4, totaling $1,523,614.82; and 201,906 shares at $15.16 per share on August 3, totaling $3,060,894.96. Each of those transactions was listed as an open-market sale with Saba as a 10%+ owner.
Saba also reported open-market purchases on $ECAT earlier in 2026. On April 1, the fund bought 259,382 shares at $13.87 per share for $3,597,628.34, and on April 2 it bought 44,010 shares at the same price for $610,418.70. Separately, Richard M Rieder, another $ECAT insider, reported an open-market purchase of 35,734 shares at $15.8574 per share on July 13, for a total of $566,648.33.
Earlier in July, Saba reported additional open-market sales on the same ticker: 158,002 shares at $14.94 on July 29, for $2,360,549.88; 148,742 shares at $15.15 on July 28, for $2,253,441.30; and 151,995 shares at $15.11 on July 27, for $2,296,644.45. A smaller sale of 46,387 shares at $15.13 was reported for July 24.
Market data showed $ECAT closing at $15.15 on August 3 and at $15.82 on August 12, the date of the most recent sale. On August 12, $ECAT opened at $15.89, traded as high as $15.90 and as low as $15.79, and closed at $15.82.
Across the disclosures reviewed, Saba was listed as a 10%+ owner on the $ECAT filings. The August 12 transaction was the most recent sale in the sequence at the time of the August 13 filing, and Saba's reported position after the sale stood at 14,675,673 shares.