Additional Proxy Soliciting Materials - Non-management (definitive) (dfan14a)
June 23 2023 - 5:16PM
Edgar (US Regulatory)
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
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Filed by a Party other than the Registrant x
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Definitive Proxy Statement |
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Definitive Additional Materials |
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Soliciting Material Under Rule 14a-12 |
BlackRock ESG Capital Allocation Term Trust
(Name of Registrant as Specified In Its Charter)
Saba Capital Management, L.P.
Saba Capital Master Fund, Ltd.
Boaz R. Weinstein
Ravi Bhasin
Ilya Gurevich
Richard Thiemann
Emmanuel Werthenschlag
(Name of Person(s) Filing Proxy Statement, if
other than the Registrant)
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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 14a6(i)(1) and 0-11. |
Boaz R. Weinstein posted the tweet attached hereto as Exhibit
1 to his twitter account. The tweet included an article, reproduced as Exhibit 2.
Exhibit 1
Exhibit 2
First Trust Closed-End Funds Announce Board’s Decision to Rescind
the Funds’ Control Share By-Law
June 23, 2023 09:25 AM Eastern Daylight Time
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P.:
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income
Fund (NYSE: MFD)
First Trust Senior Floating Rate Income Fund II (NYSE: FCT)
First Trust Energy Income and Growth Fund (NYSE American: FEN)
First Trust Enhanced Equity Income Fund (NYSE: FFA)
First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM)
First Trust Mortgage Income Fund (NYSE: FMY)
First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB)
First Trust High Income Long/Short Fund (NYSE: FSD)
First Trust Energy Infrastructure Fund (NYSE: FIF)
First Trust MLP and Energy Income Fund (NYSE: FEI)
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF)
First Trust New Opportunities MLP & Energy Fund (NYSE: FPL)
First Trust Dynamic Europe Equity Income Fund (NYSE: FDEU)
First Trust High Yield Opportunities 2027 Term Fund (NYSE: FTHY)
(each a “Fund” and collectively, the “Funds”)
After a thorough review, and consistent with the best interests of each
Fund, the Board of Trustees of each Fund (collectively, the “Board”) has determined to rescind the control share provisions
of each of the above-listed Funds’ by-laws (the “Control Share By-Law”). The Board has adopted Amended and Restated
By-Laws (the “By-Laws”) for the Funds, which reflect the rescission of the Control Share By-Law.
Under the Control Share By-Law, a holder of common shares of a Fund who
obtained beneficial ownership of common shares in a “Control Share Acquisition” (as such term was defined in the Control Share
By-Law) could exercise voting rights with respect to such shares only to the extent authorized by such Fund’s non-interested shareholders.
The Control Share By-Law did not eliminate voting rights for shares acquired in a Control Share Acquisition, but rather entrusted a Fund’s
non-interested shareholders with determining whether to approve the authorization of voting rights of such shares. Following the rescission
of the Control Share By-Law, all prior and new purchases of shares of a Fund that otherwise would have been a Control Share Acquisition
shall no longer be considered a Control Share Acquisition and the accompanying limitations on the voting rights of any shareholder shall
no longer be effective, notwithstanding any prior applications of the Control Share By-Law.
Investors should refer to the By-Laws for more information, which can be
found in the Current Report on Form 8-K filed by each respective Fund with the Securities and Exchange Commission (available at www.sec.gov).
The By-Laws may also be obtained by writing the Secretary of the Fund at the Fund’s principal executive office.
This press release is not intended to, and does not, constitute an offer
to purchase or sell shares of any Fund, nor is this press release intended to solicit a proxy from any shareholder of any Fund.
Each Fund’s daily closing price and net asset value per share, as
well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891.
First Trust Advisors L.P. (“FTA”) is a federally registered
investment advisor and serves as the Funds’ investment advisor. FTA and its affiliate First Trust Portfolios L.P. (“FTP”),
a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets
under management or supervision of approximately $190 billion as of May 31, 2023 through unit investment trusts, exchange-traded funds,
closed-end funds, mutual funds and separately managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while
FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in
Wheaton, Illinois.
Contacts
Jim Dykas 630-517-7665
Dan Lindquist 630-517-8692
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