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Saba capital sells BlackRock capital stock for $1.42 million

Published 27/12/2024, 20:10
Saba capital sells BlackRock capital stock for $1.42 million
BCAT
0.13%

Saba Capital Management, L.P., a significant shareholder of BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), a $1.67 billion market cap fund known for its substantial 22.3% dividend yield, has sold 89,777 shares of common stock. The transaction, which occurred on December 26, 2024, was executed at a price of $15.82 per share, amounting to a total value of approximately $1.42 million. Following the sale, Saba Capital retains ownership of 13,617,277 shares. The transaction was reported by Saba Capital’s representative, Zachary Gindes, and Boaz Weinstein, both of whom are listed as ten percent owners.

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