• BlackRock ESG Capital Allocation Term Trust set June 9, 2026 shareholder meeting to elect nine trustees amid proxy fight with activist hedge fund Saba Capital Management.
• Saba disclosed 22.57% stake as of March 27, 2026.
• Board urged shareholders to vote FOR its slate on white proxy card to block Saba nominees from taking control of board.
• Trust estimated proxy contest costs at about USD 1.8 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BlackRock ESG Capital Allocation Term Trust published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-134575), on March 31, 2026, and is solely responsible for the information contained therein.