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Saba capital management sells $330,338 in BlackRock capital allocation term trust shares

Published 2024-12-17, 10:32 a/m
BCAT
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New York-based Saba Capital Management, L.P., a significant shareholder in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), a $1.7 billion market cap fund known for its impressive 21.7% dividend yield according to InvestingPro, has recently sold a portion of its holdings in the company. According to a recent SEC filing, Saba Capital sold 20,672 shares of BlackRock Capital Allocation Term Trust at an average price of $15.98 per share, amounting to a total transaction value of approximately $330,338.

Following this transaction, Saba Capital Management retains ownership of 13,707,054 shares in the trust. The sale was executed on December 16, 2024, and the filing was signed by Saba Capital's representative, Zachary Gindes, as well as Boaz Weinstein, a ten percent owner, on December 17, 2024.

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