BlackRock ESG Trust Files Proxy Statement

TL;DR

BlackRock ESG Trust filed its proxy statement, no fee needed.

AI Summary

BlackRock ESG Capital Allocation Term Trust filed a DEFA14A on June 3, 2024, regarding its proxy statement. The filing indicates no fee was required for this submission, which was made under the 1934 Securities Exchange Act. The trust is incorporated in Maryland with its fiscal year ending December 31.

Why It Matters

This filing is a routine proxy statement, providing shareholders with information about the trust's governance and operations, which is crucial for informed voting decisions.

Risk Assessment

Risk Level: low — This is a standard regulatory filing (DEFA14A) for a publicly traded trust, not indicating any unusual or high-risk events.

Key Players & Entities

• BlackRock ESG Capital Allocation Term Trust (company) — Registrant
• 0001193125-24-152117 (filing_id) — Accession Number
• 20240603 (date) — Filing Date
• 1934 Act (regulation) — SEC Act

FAQ

Filing Documents

• d796584ddefa14a.htm (DEFA14A) — 13KB
• g796584g01g01.jpg (GRAPHIC) — 380KB
• g796584g02g02.jpg (GRAPHIC) — 301KB
• 0001193125-24-152117.txt ( ) — 951KB

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) Vote today. YOUR Board is focused on protecting YOUR investment and advancing YOUR interests. Saba is only focused on Saba. Your investmentand the consistent distributions your Fund deliversare at risk. A dissident activist shareholder, Saba Capital Management L.P. (Saba), is attempting to fire BlackRock as fund manager and install hand-picked board nominees loyal to Sabas own interests. In doing so, Saba seeks to maximize its own returns, to the detriment of yours. BlackRock puts YOU first, and the decisive actions taken by YOUR Board and management team have had a meaningful, positive impact, creating value for all shareholders. The Funds nominees are fiduciaries with a track record of putting YOUR interests first 100% 200+ All nominees have closed- Years of collective relevant end fund experience leadership experience Market experts and business History of protecting your leaders from Wall Street to D.C. consistent distributions YOUR Funds Board and award-winning1 management have taken impactful actions #1 35.4% Best performing fund in Total market price return3 peer group in 20232 Outperformance: 22.4%3, 4 197% 73.1% Total distribution growth2 Discount to NAV narrowing5 Peers: -33%2 Sabas unqualified nominees are loyal to Sabas interests, not yours 0% None of Sabas nominees have any closed-end fund experience 0 Nominees have no insights into your Funds strategies or operations 6/7 nominees have zero risk management or compliance experience Sabas nominees are beholden to Sabas interests, not yours 1 Named Morningstars Outstanding Portfolio Manager of the Year in 2023 2 Bloomberg as of 5/20/2024; Inception as of 9/28/2021; Peer set includes BCAT, GLV, GLO, BXSY, FT, RCG, RIV, OPP and SPE; PDX included in the peer set starting 1/1/2024 3 Morningstar/BlackRock data as of 5/24/2024; Returns for time periods greater than 1 year are annualized; Returns on price assume dividends are reinvested 4 Outperformance against benchmark: 50% MSCI ACWI Index + 50% Bloomberg US AGG Bond Index. ECAT uses a 50/50 blend of the two benchmarks to best represent a proxy for the multi-asset nature of each fund as they are invested across equity and fixed income assets 5 Morningstar as of 5/24/2024; Discount to NAV narrowing from 12/31/2022 to 5/24/2024 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 ! IMPORTANT: Do not return any gold cards sent to you by Saba 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 purchase and sale at current market price on a stock exchange. A closed

View Full Filing

View this DEFA14A filing on SEC EDGAR