• A hedge fund managed by Saba is seeking to elect eight nominees to the trust’s board at the annual shareholder meeting.
• The board is opposing Saba’s nominees and is recommending shareholders vote “FOR” the board’s nine nominees using the white proxy card.
• The filing says only the latest dated proxy will count at the meeting, and returning a Saba proxy card could cancel a previously submitted vote.
• The trust estimates proxy solicitation costs of about USD 1.8 million, including about USD 390,000 for Georgeson’s services.

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: 0001193125-26-117884), on March 20, 2026, and is solely responsible for the information contained therein.