Ukraine proposes $100 bln US weapons deal for security guarantees - FT
Saba Capital Management, L.P., a significant stakeholder in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), recently reported selling shares worth approximately $1.18 million. The transactions occurred over two days, with shares sold at prices ranging from $15.53 to $15.57. The trust, currently valued at $1.67 billion, offers an impressive 22.26% dividend yield, according to InvestingPro data. Following these sales, Saba Capital Management’s remaining stake in the trust stands at 12,709,167 shares. The sales were disclosed in a recent SEC filing, highlighting the firm’s continued adjustments to its investment portfolio. Trading near its 52-week low with historically low price volatility, BCAT presents interesting metrics for investors. InvestingPro subscribers can access 3 additional key insights about BCAT’s market position and financial health.
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