BlackRock ESG Trust Files Proxy Materials
Ticker: ECAT · Form: DEFA14A · Filed: Apr 30, 2024 · CIK: 1864843
Sentiment: neutral
Topics: proxy-statement, esg, sec-filing
TL;DR
BlackRock ESG Trust dropped proxy docs. Stay tuned.
AI Summary
BlackRock ESG Capital Allocation Term Trust filed a Definitive Additional Materials proxy statement on April 30, 2024. This filing relates to the Trust's proxy materials, which are subject to the Securities Exchange Act of 1934. The Trust is incorporated in Maryland and has a fiscal year end of December 31.
Why It Matters
This filing indicates ongoing corporate governance and shareholder communication activities for the BlackRock ESG Capital Allocation Term Trust, which is important for investors to stay informed about the fund's operations and decisions.
Risk Assessment
Risk Level: low — This is a routine proxy filing and does not contain information that suggests immediate or significant risk.
Key Players & Entities
- BlackRock ESG Capital Allocation Term Trust (company) — Registrant
- 1934 Act (legal_document) — SEC Act governing the filing
- April 30, 2024 (date) — Filing date
FAQ
What type of filing is this?
This is a Definitive Additional Materials filing (DEFA14A) for the BlackRock ESG Capital Allocation Term Trust.
Who is the filer?
The filer is BlackRock ESG Capital Allocation Term Trust.
When was this filing made?
The filing was made on April 30, 2024.
Under which SEC Act is this filing made?
This filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934.
What is the fiscal year end for the company?
The fiscal year end for BlackRock ESG Capital Allocation Term Trust is December 31.
Filing Stats: 1,503 words · 6 min read · ~5 pages · Grade level 11.7 · Accepted 2024-04-30 16:25:50
Key Financial Figures
- $54 million — reporting Voluntarily repurchased over $54 million of shares, adding approximately $11 mil
- $11 million — million of shares, adding approximately $11 million to ECATs net asset value since inceptio
- $0.150000 — turn of Capital Term Gains Gains ECAT1 $0.150000 $0 (0%) $0 (0%) $0 (0%) $0.150000 (100%
- $0 — pital Term Gains Gains ECAT1 $0.150000 $0 (0%) $0 (0%) $0 (0%) $0.150000 (100%)
- $0.450000 — me Return of Capital Gains Gains ECAT1 $0.450000 $0.000000 (0%) $0 (0%) $0 (0%) $0.45000
- $0.000000 — of Capital Gains Gains ECAT1 $0.450000 $0.000000 (0%) $0 (0%) $0 (0%) $0.450000 (100%)
Filing Documents
- d789732ddefa14a.htm (DEFA14A) — 22KB
- g789732g01k01.jpg (GRAPHIC) — 300KB
- g789732g02k02.jpg (GRAPHIC) — 313KB
- g789732g03k03.jpg (GRAPHIC) — 223KB
- g789732g04k04.jpg (GRAPHIC) — 326KB
- 0001193125-24-125192.txt ( ) — 1624KB
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. Your vote matters BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) Outperformance1 #1 Performing Fund in Peer Group in 2023 32% Return on market price in 2023 Monthly distributions1 10.4% Yield on market price 8X Higher Distributions than US Equities2 The future of your long-term investment depends on you At this years upcoming Annual Meeting on June 26, we are asking all ECAT shareholders to make their voices heard and protect their investment. An activist hedge fund, Saba Capital Management L.P. (Saba), is trying to fire BlackRock as your Funds investment advisor and take control of a majority of the Board, which may potentially change your Funds strategy and its ability to deliver the consistent, stable income you rely on. Vote on the enclosed white proxy card today: FOR BlackRock Board nominees AGAINST Sabas proposal to terminate the investment management agreement BlackRock brings best-in-class expertise and deep experience as investment advisor Rick Rieder, ECATs lead portfolio manager was named Morningstars Outstanding Portfolio Manager of the Year in 2023. ECAT leverages a global team of over 450 dedicated investment professionals across the globe with experience investing across stocks, bonds, private markets and derivatives Access to private markets with no performance fees and simplified tax reporting Voluntarily repurchased over $54 million of shares, adding approximately $11 million to ECATs net asset value since inception3 1. Morningstar data as of March 31, 2024. Peer group reflects the Morningstar Closed-End Tactical Allocation category 2. Morningstar data as of March 31, 2024; US Equities are represented by the dividend yield of the S&P 500 Index 3. BlackRock data as of March 31, 2024 BlackRock® Your Board is under attack by a self-serving activist hedge fund. Protect your long-term investment by voting for your board-recommended nominees on the enclosed white card Your BlackRock Board nominees up for election Cynthia L. Egan Former President of Retirement Plan Services at T. Rowe Price Group. Board Chair for The Hanover Insurance Group and Lead Independent Director for Huntsman Corporation Catherine A. Lynch, CFA Former Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment. Board Director for PennyMac Mortgage Investment Trust Lt Gen Stayce D. Harris Retired Lieutenant General, Former Inspector General, Office of the Secretary of the U.S. Air Force. Board Director for The Boeing Company Lorenzo A. Flores Chief Financial Officer at Intel Foundry. Former Vice Chairman at Kioxia, Inc. Former Chief Financial Officer and Corporate Controller at Xilinx, Inc. R. Glenn Hubbard Former Chairman of the U.S. Council of Economic Advisers of the President of the United States. Dean Emeritus of Columbia Graduate Business School. Professor of Finance and Economics W. Carl Kester Professor of Business Administration, Emeritus at Harvard Business School. Professor and author in finance, expert in corporate finance and corporate governance John M. Perlowski President and Chief Executive Officer of BlackRocks US Retail Mutual Funds Your Board delivers: Experience Actions to protect all shareholders Business & governance expertise Execution for the long term Diversity BlackRock® Vote for your Trustees on the enclosed white proxy card BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) Please do NOT send back any proxy card you may receive from Saba We ask that all shareholders vote on the enclosed white proxy card to preserve your Fund: FOR BlackRock Board nominees AGAINST Sabas proposal to terminate the investment management agreement with BlackRock How do I vote? Vote online Using the website provided on your enclosed white proxy card and following the simple instructions www.proxyvote.com Vote by phone By calling the toll-free number on your enclosed white proxy card and following the simple instructions Vote by mail By completing and returning your enclosed white proxy card in the posta