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In a recent transaction, Saba Capital Management, L.P., a significant shareholder of BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), sold 85,570 shares of the trust’s common stock. The shares were sold at a price of $14.78 each, amounting to a total transaction value of approximately $1.26 million. According to InvestingPro data, BCAT currently offers an impressive 23% dividend yield and has delivered a 13.3% total return over the past year. Following this sale, Saba Capital Management retains ownership of 11,296,338 shares in the $1.58 billion market cap trust. This transaction was reported for the period ending May 5, 2025, and was signed off by Zachary Gindes on behalf of Saba Capital Management, along with Boaz Weinstein. InvestingPro analysis reveals several additional insights about BCAT’s financial health and valuation metrics - unlock these exclusive insights with a subscription.
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