Additional Proxy Soliciting Materials (definitive) (defa14a)
June 15 2023 - 5:00PM
Edgar (US Regulatory)
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
Filed by
the Registrant ☒
Filed by a Party other than the
Registrant ☐
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Check the appropriate box: |
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☐ Preliminary Proxy Statement
☐ Definitive
Proxy Statement |
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☐ Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2)) |
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☒ Definitive Additional Materials |
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☐ Soliciting Material Pursuant to § 240.14a-12 |
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):
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Fee paid previously with preliminary materials. |
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules
14a-6(i)(1) and 0-11. |
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BlackRock ESG Capital
Allocation Term Trust
(NYSE: ECAT) |
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« YOUR VOTE MATTERS
«
MAKE YOUR VOICE HEARD BY VOTING ON THE ENCLOSED WHITE CARD AND PROTECT YOUR INVESTMENT
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Why am I receiving this letter?
An activist hedge fund managed by Saba Capital Management, L.P. (Saba) is attempting to take control
of your Fund and replace the Funds independent, qualified and experienced Board members with Sabas inexperienced and unqualified nominees.
The Funds Board, including the Board Nominees, are committed to delivering value for all
shareholders. Please do NOT send
back any proxy card you may receive from Saba. |
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#1 |
Performing Fund in Peer Group1,2 |
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Monthly Distribution
The Fund consistently pays monthly distribution |
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Share Repurchases
ECAT has voluntarily repurchased over $47 million of its shares, generating over $9
million of accretion to its net asset value3 |
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Liquidity at NAV
In 2033, shareholders will have an opportunity to receive 100% liquidity at net asset
value4 |
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How does the Board recommend that I vote?
➣ The Board, including the independent Board
Members, unanimously recommends a vote "FOR" the Boards experienced, qualified, and diverse nominees, who have approved initiatives that have helped all shareholders, like share repurchases, using the WHITE proxy
card. ➣ Please do NOT send back
any proxy card you may receive from Saba, even to withhold votes on Sabas nominees, as this will cancel your prior vote for the Board Nominees. Only your latest dated proxy will count at the meeting.
➣ If you have already sent back the proxy
card you received from Saba, you can still change your vote by promptly completing, signing, dating and returning the WHITE proxy card, which will replace the proxy card you previously completed.
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Source: Morningstar data as of April 30, 2023. (1) Measured at the time of investment (2) Peer group is represented by
the US CE Tactical Allocation Morningstar category. (3) Share repurchase data is as of 3/31/23. (4) In 2033, all shareholders will have an opportunity to receive 100% liquidity at net asset value via fund liquidation or tender offer.
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Shareholders should not draw any conclusions about the Funds investment performance from the amount of the
Funds current distributions or from the terms of the Funds Plan.
All investments involve risk, including the possible loss of the principal amount invested.
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 funds 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 funds shares will fluctuate with
market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount.
© 2023 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. |
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June 2023 | BlackRock ESG Capital Allocation Term Trust (ECAT) |
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Not FDIC Insured May Lose Value No Bank Guarantee
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ECAT_LTR2 |
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