Ukraine proposes $100 bln US weapons deal for security guarantees - FT
In a recent filing with the Securities and Exchange Commission, Saba Capital Management, L.P. reported the sale of shares in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), a $1.62 billion closed-end fund currently trading at $15.15. The transactions, which took place on March 11 and March 12, involved the sale of a total of 68,268 shares at prices ranging from $15.03 to $15.13 per share. The total value of these transactions amounted to approximately $1.03 million. According to InvestingPro, BCAT offers an impressive 22.8% dividend yield.
Following these sales, Saba Capital Management holds 11,969,542 shares of BlackRock Capital Allocation Term Trust. The transactions were executed under indirect ownership, as detailed in the filing. This move provides insight into the firm’s current investment strategy regarding BlackRock Capital Allocation Term Trust, which InvestingPro data shows is trading near its 52-week low with historically low price volatility. Discover more insights and 3 additional ProTips with an InvestingPro subscription.
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