Saba Capital Management Amends BlackRock Trust Filing

TL;DR

Saba Capital updated its 13D filing for BlackRock Capital Allocation Term Trust. Watch for potential strategy changes.

AI Summary

Saba Capital Management, L.P. filed an amendment (No. 11) to its Schedule 13D on May 21, 2024, regarding BlackRock Capital Allocation Term Trust. The filing indicates a change in the reporting person's holdings or intentions concerning the issuer's common shares.

Why It Matters

This amendment signals potential shifts in significant shareholder activity or strategy concerning the BlackRock Capital Allocation Term Trust.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in a significant investor's stake or strategy, which can impact stock price and corporate actions.

Key Players & Entities

• Saba Capital Management, L.P. (company) — Reporting Person
• BlackRock Capital Allocation Term Trust (company) — Subject Company
• Michael D'Angelo (person) — Contact Person for Saba Capital Management

FAQ

Key Financial Figures

• $0.01 — rust (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti

Filing Documents

• formsc13da.htm (SC 13D/A) — 34KB
• 0001062993-24-010844.txt ( ) — 36KB

SECURITY AND ISSUER

Item 1. SECURITY AND ISSUER This Amendment No. 11 amends and supplements the statement on Schedule 13D filed with the SEC on 3/28/23, as amended by Amendment No. 1 filed 5/9/23, Amendment No. 2 filed 5/12/23, Amendment No. 3 filed 6/26/23, Amendment No. 4 filed 9/15/23, Amendment No. 5 filed 10/18/23, Amendment No. 6 filed 11/24/23, Amendment No. 7 filed 12/13/23, Amendment No. 8 filed 12/26/23, Amendment No. 9 filed 2/20/24 and Amendment No. 10 filed 3/13/24; with respect to the common shares of BlackRock Capital Allocation Term Trust. This Amendment No. 11 amends Items 4 and 7, as set forth below.

PURPOSE OF TRANSACTION

Item 4. PURPOSE OF TRANSACTION

is hereby amended and supplemented as follows

Item 4 is hereby amended and supplemented as follows: The Reporting Persons issued the investor presentation (the "Investor Presentation") attached hereto as Exhibit 4 to shareholders (such exhibit to be deemed incorporated by reference in its entirety into this Item 4) providing their views on the Issuer and its Board, including value-unlocking steps it believes the Issuer should take.

MATERIAL TO BE FILED AS EXHIBITS

Item 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 4: Investor Presentation, incorporated herein by reference to the DFAN14A filed with the Securities and Exchange Commission on May 20, 2024.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: May 21, 2024 SABA CAPITAL MANAGEMENT, L.P. By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Chief Compliance Officer SABA CAPITAL MANAGEMENT GP, LLC By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Authorized Signatory BOAZ R. WEINSTEIN By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Attorney-in-fact* * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

View Full Filing

View this SC 13D/A filing on SEC EDGAR