BlackRock ESG Capital Allocation Term Trust Proxy Filing

TL;DR

BlackRock ESG Capital Allocation Term Trust filed its definitive proxy statement on 5/10/24. Shareholders get the final scoop.

AI Summary

BlackRock ESG Capital Allocation Term Trust filed a DEFA14A on May 10, 2024. This filing is a definitive proxy statement, indicating it's providing final information to shareholders. The company is registered under the name BlackRock ESG Capital Allocation Term Trust and is incorporated in Maryland.

Why It Matters

This filing provides shareholders with crucial information regarding the BlackRock ESG Capital Allocation Term Trust, enabling them to make informed decisions about their investments and participate in corporate governance.

Risk Assessment

Risk Level: low — This filing is a standard proxy statement, providing information to shareholders rather than indicating significant operational or financial risk.

Key Numbers

• 1934 — SEC Act (Governing legislation for the filing)

Key Players & Entities

• BlackRock ESG Capital Allocation Term Trust (company) — Registrant
• 0001864843 (company) — Central Index Key
• 811-23701 (company) — SEC File Number
• 20240510 (date) — Filing Date

FAQ

Key Financial Figures

• $54 million — ecommend that you ECAT bought back over $54 million of shares, adding ~$11 vote? million in
• $11 — ack over $54 million of shares, adding ~$11 vote? million in value since inception2

Filing Documents

• d838250ddefa14a.htm (DEFA14A) — 13KB
• g838250g01d01.jpg (GRAPHIC) — 300KB
• g838250g02d02.jpg (GRAPHIC) — 211KB
• 0001193125-24-136258.txt ( ) — 719KB

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) Defend YOUR Fund, Save YOUR Income BlackRock is fighting for YOU. Help YOUR fund by voting on the WHITE card. 35+ Years Why am I receiving this letter? BlackRock has been a closed- This years Annual Meeting on June 26th will be different. Activist hedge fund end fund leader since 1988 Saba Capital Management, L.P. (Saba) is trying to take over a majority of YOUR Board and fire BlackRock as investment advisor to YOUR fund. YOUR experienced board and BlackRock ensure the stability and consistency of YOUR income. Sabas self-serving agenda will harm shareholders and put YOUR income and YOUR investment at risk. #1 Fund We believe that Sabas motives conflict with YOUR best interests as a YOUR experienced Board and shareholder. They pretend to be on YOUR side, but we have seen Saba take investment managers have led self-serving actions time and again to make a quick profit for their wealthy ECAT to be the top performing fund in its peer group in 20231 investors, which may result in harmful outcomes for shareholders. × Loss of income that YOU rely on × Higher fees × Riskier investments and increased volatility × Poor performance as a closed-end fund manager × Liquidation, which means forced selling at fire sale prices and tax consequences for YOU Share Protect YOUR financial future and help us prevent a hedge fund Repurchases from lining its pockets with YOUR savings. How does your independent, qualified Board recommend that you ECAT bought back over $54 million of shares, adding ~$11 vote? million in value since inception2 Using the WHITE proxy card, your Board unanimously recommends voting FOR the Boards Nominees, who have created value for all shareholders. Using the WHITE proxy card, your Board unanimously recommends voting AGAINST Sabas proposal to terminate the investment Discount management agreement with BlackRock. Management IMPORTANT: Please do NOT send back any proxy card you may receive Program from Saba as this will cancel your prior vote on the Boards card. Only YOUR Fund has pledged to buy your latest dated proxy will count at the Annual Meeting. back shares depending on certain 1. Morningstar data as of April 30, 2024 conditions to mitigate discounts 2. BlackRock data as of April 30, 2024 3. In 2033, all shareholders will have an opportunity to receive 100% liquidity at net asset value via fund liquidation or tender offer. We ask that all shareholders vote on the enclosed WHITE proxy card today 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 Vote by phone Vote by mail Using the website provided By calling the toll-free By completing and on your enclosed white number on your enclosed returning your enclosed proxy card and following white proxy card and white proxy card in the the simple instructions following the simple postage paid envelope instructions provided Please do NOT send back any proxy card you may receive from Saba If you have already sent back the proxy card received from Saba, you can still change your vote by promptly voting on the WHITE proxy card, which will replace the proxy card you previously completed. If you have any questions about the proposals to be voted, please feel free to contact Georgeson LLC (Georgeson), toll free at 1-866-529-8106. Important information about the Fund This material is not an advertisement and is intended for existing shareholder use only. This document and the information contained herein relates solely to BlackRock ESG Capital Allocation Term Trust (ECAT). The information contained herein does not relate to, and is not relevant to, any other fund or product sponsored or distributed by BlackRock or any of its affiliates. This document is not an offer to sell any securities and is not a solicitation of an offer to buy any securities. Common shares for the closed-end fund identified above are only available for pur

View Full Filing

View this DEFA14A filing on SEC EDGAR