Form 4: Saba Capital Management Sells Shares of BlackRock Capital Allocation Term Trust
SEC Form 4 Filing
Saba Capital Management, a 10% owner of BlackRock Capital Allocation Term Trust, sold 4,649 shares of common stock at $16.07 per share on November 4, 2024.
Summary
- On November 4, 2024, Saba Capital Management, L.P., a 10% owner of BlackRock Capital Allocation Term Trust (BCAT), sold 4,649 shares of common stock.
- The sale price was $16.07 per share.
- Following the transaction, Saba Capital Management beneficially owns 14,639,360 shares of BCAT.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This transaction reflects changes in the investment portfolio of a major shareholder in a closed-end fund. Such transactions are routinely monitored by investors for insights into the perspectives of significant stakeholders.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date of transaction: Saba Capital Management sold shares of BlackRock Capital Allocation Term Trust. |
| 11/05/2024 | Date of signature for the Form 4 filing by Zachary Gindes and Boaz Weinstein. |
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