Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), a $1.56 billion closed-end fund currently trading near its 52-week low of $14.53, sold shares valued at approximately $26,896. According to InvestingPro data, BCAT offers an impressive 23.71% dividend yield, making it an attractive income-generating investment. The sale, which took place on March 18, involved 1,821 shares at a price of $14.77 each. Following this transaction, Saba Capital Management retains ownership of 11,809,531 shares in the trust. This disclosure was filed with the SEC, highlighting Saba Capital’s ongoing investment activities. The transaction was signed off by Zachary Gindes on behalf of Saba Capital Management, alongside Boaz Weinstein. InvestingPro analysis indicates the stock is currently in oversold territory, with several additional insights available to subscribers.
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