Trump signs order raising Canada tariffs to 35% from 25%
Saba Capital Management, L.P., a prominent investment firm, disclosed the sale of shares in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT) according to a recent SEC filing. The trust, which currently trades near its 52-week low according to InvestingPro data, maintains a significant dividend payout for shareholders. The firm sold 7,396 shares of common stock at a price of $14.82 per share, totaling $109,608. Following this transaction, Saba Capital retains ownership of 11,811,352 shares in the trust. For investors seeking deeper insights, InvestingPro offers additional analysis with 3 more key tips about BCAT’s performance metrics. The transaction was signed off by Zachary Gindes on behalf of Saba Capital and Boaz Weinstein, a significant stakeholder.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.