ECAT 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

BLACKROCK ESG CAPITAL ALLOCATION TERM TRUST

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if Other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

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 year’s 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. Saba’s self-serving agenda will harm shareholders and put YOUR income and YOUR investment at risk. #1 Fund We believe that Saba’s 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 Board’s Nominees, who have created value for all shareholders. Using the WHITE proxy card, your Board unanimously recommends voting “AGAINST” Saba’s 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 Board’s 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” Saba’s 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 purchase and sale at current market price on a stock exchange. A closed-end fund’s dividend yield, market price and NAV will fluctuate with market conditions. The information for this Fund is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Performance results reflect past performance and are no guarantee of future results. Current performance may be lower or higher than the performance data quoted. All returns assume reinvestment of all dividends. The market value and net asset value (NAV) of a fund’s shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount. © 2024 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc., or its affiliates. All other trademarks are those of their respective owners. May 2024 | BlackRock ESG Capital Allocation Term Trust (ECAT) Not FDIC Insured • May Lose Value • No Bank Guarantee ECAT_2024_FL2

BlackRock ESG Capital Al... (NYSE:ECAT)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024

BlackRock ESG Capital Al... (NYSE:ECAT)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024