On April 10, 2024, Saba Capital Management LP announced that it has filed a preliminary proxy statement with Securities and Exchange Commission, recommending the shareholders of BlackRock ESG Capital Allocation Term Trust to vote for its board nominees Ilya Gurevich, Shavar Jeffries, Jennifer Raab, Athanassios Diplas, David Littlewood, David Locala and Alexander Vindman, and vote for a proposal regarding termination of the investment management agreement between the Company?s and BlackRock Advisors, LLC, at the 2024 annual meeting of shareholders.