Blackrock Capital Allocation Term Trust DEF 14A proxy statements

BlackRock is publicly countering Saba Capital's activist campaign, arguing that Saba's actions prioritize short-term gains over the long-term interests of retail investors in closed-end funds.

BlackRock Capital Allocation Term Trust (BCAT) urges shareholders to vote against Saba Capital's proposal to replace BlackRock as the investment advisor and install its own board members.

BlackRock Capital Allocation Term Trust is urging shareholders to vote against Saba Capital's nominees and proposal to terminate the investment management agreement with BlackRock Advisors, LLC.

Saba Capital is soliciting proxies to elect its nominees to the BlackRock Capital Allocation Term Trust board and to terminate the investment management agreement with BlackRock Advisors, LLC, aiming to address the fund's persistent trading discount and governance issues.

BlackRock Capital Allocation Term Trust files a definitive proxy statement with the SEC.