BlackRock ESG Capital Allocation Term Trust Proxy Filing

TL;DR

BlackRock ESG proxy filed. Shareholders get the final word.

AI Summary

BlackRock ESG Capital Allocation Term Trust filed a DEFA14A on June 13, 2024. This filing is a definitive proxy statement, indicating it's providing final information to shareholders. The company is incorporated in Maryland and has a fiscal year end of December 31. The filing fee was not required.

Why It Matters

This filing provides important information to shareholders regarding the BlackRock ESG Capital Allocation Term Trust, likely concerning voting matters or corporate governance.

Risk Assessment

Risk Level: low — This is a routine proxy filing (DEFA14A) and does not inherently indicate new risks or significant changes.

Key Players & Entities

• BlackRock ESG Capital Allocation Term Trust (company) — Registrant
• 0001864843 (company) — Central Index Key
• 1231 (date) — Fiscal Year End
• 20240613 (date) — Filing Date

FAQ

Key Financial Figures

• $231m — to NAV2 19.2% 12/31/2022 5.0% 5/31/2024 $231m Value for shareholders Increased annual
• $11m — r investment Share buybacks resulted in $11min shareholder value1 Significant, susta

Filing Documents

• d508566ddefa14a.htm (DEFA14A) — 13KB
• g508566g01g01.jpg (GRAPHIC) — 349KB
• g508566g02g02.jpg (GRAPHIC) — 226KB
• 0001193125-24-160432.txt ( ) — 805KB

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) ECATs annual meeting is June 26. Vote today: Defend your fund, save your income. Dear Fellow Shareholder, BlackRock is fighting to protect your fund, but we need your support. A self-interested hedge fund is seeking control of ECAT. Their goal? A quick profit at the expense of your long-term investment. This is not Sabas first takeover attempt, and where they have taken control, shareholders have paid the price with underperformance, deeper discounts, and higher fees. Together, we can prevent a forced takeover and a negative outcome for shareholders. Vote todayonly with your vote can we save your investment and financial future. Thank you, Stephen Minar Managing Director, Closed-End Funds BlackRock delivers for you. This is what is at stake: Returns that outperform peers1 Total shareholder returns (Jan. 2023 to 2024 YTD) 34.3% 13.8% ECAT Peer median Significantly narrowed discount to NAV2 19.2% 12/31/2022 5.0% 5/31/2024 $231m Value for shareholders Increased annual liquidity at NAV3 197% Distribution growth since 2023 9.8% Discount management program4 A Board focused on taking actions that benefit YOU Discount management program increases the value of your investment Share buybacks resulted in $11min shareholder value1 Significant, sustainable distribution increases ? How should you vote? FOR the Class I and Class II Board Member Nominees AGAINST Sabas proposal to terminate the investment management agreement between ECAT and BlackRock VOTE NOW! Call the toll-free number on your enclosed WHITE proxy card and follow the simple instructions Visit the website on your enclosed WHITE proxy card ! IMPORTANT: Do not return any gold proxy card from Saba BlackRock® 1. Morningstar as of 5/31/2024; Total shareholder return on price annualized for periods longer than 1 year (assumes dividends are reinvested); Peer set includes all closed-end funds in the Morningstar Tactical Allocation category (ex-ECAT) 2 12/31/2022 5/31/2024; Morningstar/BlackRock data as of 5/31/2024 3 BlackRock as of 5/31/2024 4 If the funds common shares trade at a discount of more than 7.5% during each of the quarters ended 6/30/24, 9/30/24, 12/31/24 and 3/31/25, the fund intends to offer to repurchase 2.5% of its outstanding common shares at a price equal to 98% of NAV following the end of the applicable quarter. Figure assumes that a tender offer is triggered for each of the quarters listed above. Vote today. Make your voice heard, and save your fund and your investment. This is no time for taking chances. We ask that you follow the instructions on the WHITE proxy card and vote today to preserve your Fund: FOR the Class I and Class II Board Member Nominees AGAINST Sabas proposal to terminate the investment management agreement between ECAT and BlackRock ! IMPORTANT: Do not return any gold cards sent to you by Saba How do I vote? vote online Using the website provided on YOUR enclosed WHITE proxy card and following the simple instructions vote by phone By calling the toll-free number on YOUR enclosed WHITE proxy card and following the simple instructions ! 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 online or by phone by following the instructions on your WHITE proxy card, which will replace any prior vote you previously submitted 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

View Full Filing

View this DEFA14A filing on SEC EDGAR