Additional Proxy Soliciting Materials (definitive) (defa14a)
June 23 2023 - 5:12PM
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
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Filed by the Registrant ☒ |
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Filed by a Party other than the Registrant ☐ |
Check the appropriate box: |
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☐ Preliminary Proxy
Statement |
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☐ Confidential, for Use
of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
☐ Definitive Proxy
Statement |
☒ Definitive Additional
Materials |
☐ 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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No fee required. |
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☐ |
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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. |
BlackRock® BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) Vote Today on the WHITE Proxy Card Your Vote is Important, No Matter How Many Shares You Own Why am I receiving this letter? A predatory hedge fund
managed by Saba Capital Management, L.P. ("Saba") is attempting to take control of your Fund and replace the Fund's independent, qualified and experienced Board members. How does the Board recommend that I vote? The Board, including the independent
Board Members, unanimously recommends a vote "FOR" the Board's Nominees, who have created value for all shareholders, including share repurchases, using the WHITE proxy card. X Please do NOT send back the gold proxy card you may receive from Saba as
this will cancel your prior vote for the Board's Nominees. Only your latest dated proxy will count at the meeting. Vote for the Board that has created value for ALL shareholders Experienced, Diverse and Qualified Board Your Board's Nominees are
committed to ensuring that ECAT operates in a responsible manner that protects and advances the interests of all shareholders 19.3% return 25% increase year-to-date in 2023, in monthly distributions outperforming peers and the S&P 500 paid to
shareholders $47 million $180 thousand in voluntary share repurchases, creating $10 savings in 2023 for shareholders million of gains for shareholders1 via a voluntary management fee waiver2 Source: Morningstar data as of April 30, 2023. (1) When
ECAT repurchases its shares at a discount to NAV, those shares are retired and the Fund keeps the difference between the NAV per share and purchase price per share, resulting in a higher NAV per share for shareholders. (2) Estimated based on managed
assets as of April 30, 2023.
BlackRock. Shareholders should not draw any conclusions about the Fund's inv estment performance from the amount of the Fund's current distributions. All inv estments 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 fund's 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 reinv estment of all div idends. The market value and net asset value (NAV) of a fund's shares w ill
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. June 2023 | BlackRock ESG Capital Allocation Term Trust (ECAT) Not FDIC Insured May Lose Value No Bank Guarantee ECAT_LTR4
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