Saba Capital Management Amends BlackRock Trust Filing
Ticker: BCAT · Form: SC 13D/A · Filed: Dec 16, 2024 · CIK: 1809541
| Field | Detail |
|---|---|
| Company | Blackrock Capital Allocation Term Trust (BCAT) |
| Form Type | SC 13D/A |
| Filed Date | Dec 16, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $203,375,566 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, schedule-13d
TL;DR
Saba Capital updated its 13D filing for BlackRock Capital Allocation Term Trust. Watch for more.
AI Summary
Saba Capital Management, L.P. has filed an amendment (Amendment No. 13) to its Schedule 13D/A for BlackRock Capital Allocation Term Trust, as of December 16, 2024. The filing indicates a change in reporting by Saba Capital Management, L.P., which is a significant holder of the issuer's common shares. The specific details of the change in holdings or reporting are not fully elaborated in the provided text, but it represents an update to their previous filings.
Why It Matters
This filing updates the market on Saba Capital Management's stake in BlackRock Capital Allocation Term Trust, potentially signaling changes in their investment strategy or activism.
Risk Assessment
Risk Level: medium — Schedule 13D/A filings often indicate activist investor activity or significant changes in holdings, which can lead to increased volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the Schedule 13D/A
- BlackRock Capital Allocation Term Trust (company) — Subject company of the filing
- Michael D'Angelo (person) — Contact person for Saba Capital Management, L.P.
FAQ
What specific changes are detailed in Amendment No. 13 to the Schedule 13D/A?
The provided text is a header and does not detail the specific changes made in Amendment No. 13, only that it is an amendment.
Who is the primary filer for this Schedule 13D/A?
Saba Capital Management, L.P. is the filer.
What is the subject company of this filing?
The subject company is BlackRock Capital Allocation Term Trust.
What is the CUSIP number for the common shares of BlackRock Capital Allocation Term Trust?
The CUSIP number is 09260U109.
When was this filing made?
The filing was made on December 16, 2024.
Filing Stats: 1,521 words · 6 min read · ~5 pages · Grade level 8.6 · Accepted 2024-12-16 15:40:56
Key Financial Figures
- $0.01 — rust (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $203,375,566 — ported herein. A total of approximately $203,375,566 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 82KB
- 0001062993-24-020651.txt ( ) — 83KB
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: December 16, 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 CUSIP No. 09260U109 SCHEDULE 13D/A Page 7 of 7 Pages Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital within the past sixty days prior to 12/12/24, the date of the event which required filing of this Schedule 13D/A. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 10/14/2024 Sell 166,128 16.60 10/15/2024 Sell 71,354 16.32 10/16/2024 Sell 40,158 16.27 10/17/2024 Sell 12,970 16.28 10/18/2024 Sell 38,785 16.32 10/21/2024 Sell 28,670 16.27 10/22/2024 Sell 19,442 16.20 10/23/2024 Sell 23,895 16.14 10/25/2024 Sell 15,482 16.12 10/31/2024 Sell 18,535 15.99 11/1/2024 Sell 167,507 16.10 11/4/2024 Sell 4,649 16.07 11/5/2024 Sell 1,578 15.98 11/8/2024 Sell 47,389 16.36 11/11/2024 Sell 37,728 16.43 11/12/2024 Sell 39,120 16.34 11/13/2024 Sell 40,910 16.39 11/14/2024 Sell 48,026 16.35 11/15/2024 Sell 25,997 16.05 11/18/2024 Sell 28,442 16.07 11/19/2024 Sell 76,676 16.01 11/20/2024 Sell 32,176 15.92 11/22/2024 Sell 5,219 16.13 11/25/2024 Sell 16,816 16.20