BlackRock ESG Capital Allocation Term Trust Proxy Filing
Ticker: ECAT · Form: DEFA14A · Filed: Mar 13, 2024 · CIK: 1864843
Sentiment: neutral
Topics: proxy-statement, esg, trust
TL;DR
BlackRock ESG Term Trust filed its proxy statement, shareholders vote soon.
AI Summary
BlackRock ESG Capital Allocation Term Trust filed a DEFA14A proxy statement on March 13, 2024. This filing is a definitive proxy statement, indicating it's for soliciting material related to shareholder voting. The trust is incorporated in Maryland and has a fiscal year end of December 31.
Why It Matters
This filing is important for shareholders of the BlackRock ESG Capital Allocation Term Trust as it contains information relevant to upcoming shareholder votes and corporate governance decisions.
Risk Assessment
Risk Level: low — This is a routine regulatory filing (DEFA14A) for a publicly traded trust, not indicating any specific financial distress or unusual events.
Key Players & Entities
- BlackRock ESG Capital Allocation Term Trust (company) — Registrant
- 100 BELLEVUE PARKWAY (address) — Business and Mail Address
- WILMINGTON (city) — Business and Mail City
- DE (state) — Business and Mail State
- 19809 (zip_code) — Business and Mail Zip Code
- (800) 882-0052 (phone_number) — Business Phone
- 20240313 (date) — Filing Date
- 20240312 (date) — Date of Change
FAQ
What type of SEC filing is this?
This is a DEFA14A filing, which is a Definitive Proxy Statement.
Who is the registrant for this filing?
The registrant is BlackRock ESG Capital Allocation Term Trust.
When was this filing submitted?
The filing was submitted on March 13, 2024.
What is the business address of the registrant?
The business address is 100 BELLEVUE PARKWAY, WILMINGTON, DE 19809.
Is there a fee required for this filing?
No fee is required for this filing.
Filing Stats: 547 words · 2 min read · ~2 pages · Grade level 14.5 · Accepted 2024-03-12 20:31:27
Filing Documents
- d794253ddefa14a.htm (DEFA14A) — 10KB
- 0001193125-24-066135.txt ( ) — 11KB
From the Filing
ESG CAPITAL ALLOCATION TERM TRUST BlackRock ESG Capital Allocation Term Trust UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 BLACKROCK ESG CAPITAL ALLOCATION TERM TRUST (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. BlackRock Advisors, LLC (BlackRock) provided the following statement to members of the press seeking comments with respect to a lawsuit filed on March 6, 2024 by Saba Capital Master Fund, Ltd., against BlackRock ESG Capital Allocation Term Trust (the Fund) and its Trustees. Saba pretends to be a champion for the retail investor but, in reality, is an activist hedge fund that tramples over the interests of everyday Americans who invest in closed-end funds for the regular income they provide. This isnt about governance, improving closed-end funds, or narrowing any discounts, which have historically narrowed as market sentiment improves. This is another attempt from Sabas predictable playbook to over-burden the Fund and its Board while Saba continues to accumulate shares in order to control votes and force actions that leave long-term shareholders worse off. ****** Additional Information The Funds definitive proxy is filed with the SEC, it may be amended or withdrawn. BEFORE MAKING ANY VOTING DECISION, SHAREHOLDERS ARE URGED TO READ THE NOTICE OF ANNUAL MEETING OF SHAREHOLDERS, DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS, WHEN THEY ARE AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE FUND AND THE UPCOMING ANNUAL MEETING OF SHAREHOLDERS. Shareholders can obtain additional copies of the notice of annual meeting, the definitive proxy statement and other documents, when they are filed by the Fund with the SEC, by directing a request to the Funds proxy solicitor by calling the toll-free number provided in the definitive proxy statement. Copies are also expected to be available at no charge at the website identified in the definitive proxy statement. Additional copies of the proxy materials will be delivered promptly upon request. Free copies of these materials can also be found on the SECs website at http://www.sec.gov. Pursuant to SEC proxy rules, the Funds Trustees, nominees for Trustee and executive officers are participants in connection with the 2024 Annual Meeting of Shareholders. Certain regular employees and officers of the Funds investment manager, administrator, or any of their affiliates may become participants if any such persons solicit proxies. Shareholders may obtain information regarding the names, affiliations, and interests of these individuals in the Funds definitive proxy statement for the 2024 Annual Meeting of Shareholders when it is filed with the SEC.