[DEFA14A] BlackRock ESG Capital Allocation Term Trust Additional Proxy Soliciting Materials
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) filed DEFA14A materials highlighting decisive support from all three major proxy advisory firms鈥擨SS, Glass Lewis and Egan-Jones. Each adviser urges shareholders to use the WHITE proxy card to re-elect the Fund鈥檚 ten incumbent trustees and vote against a dissident proposal from Saba Capital to terminate BlackRock Advisors, LLC as investment adviser. Egan-Jones cites ECAT鈥檚 鈥渟uperior鈥� shareholder returns versus peers and says Saba 鈥渉as not made a compelling case鈥� for termination, warning that such action would be 鈥渄etrimental to the Fund鈥檚 future state.鈥� The Annual Meeting is scheduled for 26 June 2025. Shareholders who have already submitted the dissident鈥檚 gold card may change their vote via the methods listed on the WHITE card. Proxy solicitation questions are directed to Georgeson LLC at (866) 441-6128.
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) ha presentato materiali DEFA14A che evidenziano un sostegno deciso da parte di tutte e tre le principali societ脿 di consulenza proxy鈥擨SS, Glass Lewis e Egan-Jones. Ciascun consulente invita gli azionisti a utilizzare la scheda proxy BIANCA per rinnovare l鈥檈lezione dei dieci amministratori in carica del Fondo e votare contro una proposta dissidente di Saba Capital che mira a terminare il mandato di BlackRock Advisors, LLC come consulente per gli investimenti. Egan-Jones sottolinea i 鈥渟uperiori鈥� rendimenti per gli azionisti di ECAT rispetto ai concorrenti e afferma che Saba 鈥渘on ha presentato un caso convincente鈥� per la cessazione, avvertendo che tale azione sarebbe 鈥渄annosa per il futuro del Fondo.鈥� L鈥橝ssemblea Annuale 猫 fissata per il 26 giugno 2025. Gli azionisti che hanno gi脿 inviato la scheda d鈥檕ro del dissidente possono modificare il proprio voto seguendo le modalit脿 indicate sulla scheda BIANCA. Per domande sulla sollecitazione del proxy 猫 possibile contattare Georgeson LLC al numero (866) 441-6128.
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) present贸 materiales DEFA14A que destacan un apoyo decisivo de las tres principales firmas asesoras de voto鈥擨SS, Glass Lewis y Egan-Jones. Cada asesor insta a los accionistas a usar la tarjeta proxy BLANCA para reelegir a los diez fideicomisarios actuales del Fondo y votar en contra de una propuesta disidente de Saba Capital para terminar con BlackRock Advisors, LLC como asesor de inversiones. Egan-Jones se帽ala el rendimiento 鈥渟uperior鈥� de ECAT frente a sus pares y afirma que Saba 鈥渘o ha presentado un caso convincente鈥� para la terminaci贸n, advirtiendo que esa acci贸n ser铆a 鈥減erjudicial para el futuro del Fondo.鈥� La Junta Anual est谩 programada para el 26 de junio de 2025. Los accionistas que ya hayan enviado la tarjeta dorada del disidente pueden cambiar su voto mediante los m茅todos indicados en la tarjeta BLANCA. Las consultas sobre la solicitud de poder se dirigen a Georgeson LLC al (866) 441-6128.
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT)電� DEFA14A 鞛愲毳� 鞝滌稖頃橂┌ ISS, Glass Lewis, Egan-Jones 霌� 靹� 欤检殧 鞚橁舶甓� 鞛愲靷潣 頇曣碃頃� 歆�歆�毳� 臧曥“頄堨姷雼堧嫟. 臧� 鞛愲靷姅 欤检＜霌れ棎瓴� WHITE 韴憸鞖╈毳� 靷毄頃橃棳 韼�霌滌潣 旮办〈 鞚挫偓 10氇呾潉 鞛劆於�頃橁碃 Saba Capital鞚� BlackRock Advisors, LLC毳� 韴瀽 鞛愲靷 頃挫瀯頃橂牑電� 氚橂寑 鞝滌晥鞐� 雽�頃� 氚橂寑 韴憸頃� 瓴冹潉 甓岅碃頃╇媹雼�. Egan-Jones電� ECAT鞚� 霃欖 韼�霌� 雽�牍� 鈥滌毎靾橅暅鈥� 欤检＜ 靾橃澋毳犾潉 鞏戈笁頃橂┌ Saba臧� 頃挫瀯鞐� 雽�頃� 鈥滌劋霌濍牓 鞛堧姅 攴缄卑毳� 鞝滌嫓頃橃 氇豁枅雼も�濌碃 歆�鞝來晿瓿�, 鞚措煬頃� 臁办箻臧� 鈥滍巰霌滌潣 氙鸽灅鞐� 頃措鞖� 瓴冣�濎澊霛缄碃 瓴疥碃頃╇媹雼�. 鞝曣赴 欤检＜齑濏殞電� 2025雲� 6鞗� 26鞚茧 鞓堨爼霅橃柎 鞛堨姷雼堧嫟. 鞚措 氚橂寑 旄§潣 瓿摐 旃措摐毳� 鞝滌稖頃� 欤检＜霃� WHITE 旃措摐鞐� 氇呾嫓霅� 氚╇矔鞚� 韱淀暣 韴憸毳� 氤�瓴巾暊 靾� 鞛堨姷雼堧嫟. 鞚橁舶甓� 甓岇湢 甏�霠� 氍胳潣電� Georgeson LLC (866) 441-6128搿� 鞐半澖頃橃嫓旮� 氚旊瀺雼堧嫟.
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) a d茅pos茅 des documents DEFA14A mettant en avant un soutien d茅cisif des trois principaux cabinets de conseil en vote鈥擨SS, Glass Lewis et Egan-Jones. Chaque conseiller encourage les actionnaires 脿 utiliser la carte de vote BLANCHE pour r茅茅lire les dix administrateurs actuels du Fonds et voter contre une proposition dissidente de Saba Capital visant 脿 mettre fin au mandat de BlackRock Advisors, LLC en tant que conseiller en investissement. Egan-Jones souligne les performances 芦 sup茅rieures 禄 d鈥橢CAT par rapport 脿 ses pairs et indique que Saba 芦 n鈥檃 pas pr茅sent茅 de cas convaincant 禄 pour la r茅siliation, avertissant qu鈥檜ne telle action serait 芦 pr茅judiciable 脿 l鈥檃venir du Fonds. 禄 L鈥橝ssembl茅e G茅n茅rale Annuelle est pr茅vue pour le 26 juin 2025. Les actionnaires ayant d茅j脿 soumis la carte dor茅e du dissident peuvent modifier leur vote via les m茅thodes indiqu茅es sur la carte BLANCHE. Pour toute question concernant la sollicitation de procuration, contactez Georgeson LLC au (866) 441-6128.
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) hat DEFA14A-Unterlagen eingereicht, die eine entschiedene Unterst眉tzung aller drei gro脽en Proxy-Beratungsfirmen鈥擨SS, Glass Lewis und Egan-Jones鈥攈ervorheben. Jeder Berater fordert die Aktion盲re auf, die WEISSE Stimmkarte zu verwenden, um die zehn amtierenden Treuh盲nder des Fonds wiederzuw盲hlen und gegen einen abtr眉nnigen Vorschlag von Saba Capital zu stimmen, der die Beendigung von BlackRock Advisors, LLC als Anlageberater fordert. Egan-Jones verweist auf die 鈥灻糱erlegenen鈥� Aktion盲rsrenditen von ECAT im Vergleich zu Wettbewerbern und erkl盲rt, dass Saba 鈥瀔einen 眉berzeugenden Grund鈥� f眉r die Beendigung vorgelegt habe und warnt, dass eine solche Ma脽nahme 鈥瀌em zuk眉nftigen Zustand des Fonds schaden w眉rde.鈥� Die Jahreshauptversammlung ist f眉r den 26. Juni 2025 angesetzt. Aktion盲re, die bereits die goldene Karte des Abtr眉nnigen eingereicht haben, k枚nnen ihre Stimme 眉ber die auf der WEISSEN Karte angegebenen Methoden 盲ndern. Fragen zur Proxy-Einholung richten Sie bitte an Georgeson LLC unter (866) 441-6128.
- Unanimous support from ISS, Glass Lewis and Egan-Jones for ECAT鈥檚 incumbent board strengthens management鈥檚 position.
- Egan-Jones notes 鈥渟uperior鈥� shareholder returns versus peers, validating current investment strategy.
- Active campaign by Saba Capital to terminate BlackRock indicates shareholder discontent and ongoing governance friction.
Insights
TL;DR: All major proxy advisers back ECAT鈥檚 board; dissident campaign faces steep odds.
The unanimous endorsements from ISS, Glass Lewis and Egan-Jones materially strengthen management鈥檚 position. Proxy advisers carry substantial influence among institutional holders, so their alignment sharply reduces the probability that Saba Capital can secure enough votes to oust BlackRock as investment adviser. The advisers鈥� rationale鈥攕uperior relative returns and insufficient justification for termination鈥攇ives incumbents a strong narrative and should enhance voting inertia in their favor. While the dissident campaign signals governance pressure, the consolidated adviser stance suggests continuity of oversight and strategy is the most likely outcome.
TL;DR: Continuity of BlackRock management likely; limited near-term portfolio disruption.
From a portfolio standpoint, retaining BlackRock preserves existing investment processes and avoids transition costs. The advisers鈥� emphasis on ECAT鈥檚 above-peer returns underscores that current management is adding value. Should shareholders follow the guidance鈥攁s is typical鈥攖he risk of forced advisor change diminishes, supporting stable NAV performance. The presence of an activist, however, highlights ongoing discount-management pressures common in closed-end funds. Investors should monitor final vote tallies but can reasonably anticipate status quo continuation.
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) ha presentato materiali DEFA14A che evidenziano un sostegno deciso da parte di tutte e tre le principali societ脿 di consulenza proxy鈥擨SS, Glass Lewis e Egan-Jones. Ciascun consulente invita gli azionisti a utilizzare la scheda proxy BIANCA per rinnovare l鈥檈lezione dei dieci amministratori in carica del Fondo e votare contro una proposta dissidente di Saba Capital che mira a terminare il mandato di BlackRock Advisors, LLC come consulente per gli investimenti. Egan-Jones sottolinea i 鈥渟uperiori鈥� rendimenti per gli azionisti di ECAT rispetto ai concorrenti e afferma che Saba 鈥渘on ha presentato un caso convincente鈥� per la cessazione, avvertendo che tale azione sarebbe 鈥渄annosa per il futuro del Fondo.鈥� L鈥橝ssemblea Annuale 猫 fissata per il 26 giugno 2025. Gli azionisti che hanno gi脿 inviato la scheda d鈥檕ro del dissidente possono modificare il proprio voto seguendo le modalit脿 indicate sulla scheda BIANCA. Per domande sulla sollecitazione del proxy 猫 possibile contattare Georgeson LLC al numero (866) 441-6128.
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) present贸 materiales DEFA14A que destacan un apoyo decisivo de las tres principales firmas asesoras de voto鈥擨SS, Glass Lewis y Egan-Jones. Cada asesor insta a los accionistas a usar la tarjeta proxy BLANCA para reelegir a los diez fideicomisarios actuales del Fondo y votar en contra de una propuesta disidente de Saba Capital para terminar con BlackRock Advisors, LLC como asesor de inversiones. Egan-Jones se帽ala el rendimiento 鈥渟uperior鈥� de ECAT frente a sus pares y afirma que Saba 鈥渘o ha presentado un caso convincente鈥� para la terminaci贸n, advirtiendo que esa acci贸n ser铆a 鈥減erjudicial para el futuro del Fondo.鈥� La Junta Anual est谩 programada para el 26 de junio de 2025. Los accionistas que ya hayan enviado la tarjeta dorada del disidente pueden cambiar su voto mediante los m茅todos indicados en la tarjeta BLANCA. Las consultas sobre la solicitud de poder se dirigen a Georgeson LLC al (866) 441-6128.
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT)電� DEFA14A 鞛愲毳� 鞝滌稖頃橂┌ ISS, Glass Lewis, Egan-Jones 霌� 靹� 欤检殧 鞚橁舶甓� 鞛愲靷潣 頇曣碃頃� 歆�歆�毳� 臧曥“頄堨姷雼堧嫟. 臧� 鞛愲靷姅 欤检＜霌れ棎瓴� WHITE 韴憸鞖╈毳� 靷毄頃橃棳 韼�霌滌潣 旮办〈 鞚挫偓 10氇呾潉 鞛劆於�頃橁碃 Saba Capital鞚� BlackRock Advisors, LLC毳� 韴瀽 鞛愲靷 頃挫瀯頃橂牑電� 氚橂寑 鞝滌晥鞐� 雽�頃� 氚橂寑 韴憸頃� 瓴冹潉 甓岅碃頃╇媹雼�. Egan-Jones電� ECAT鞚� 霃欖 韼�霌� 雽�牍� 鈥滌毎靾橅暅鈥� 欤检＜ 靾橃澋毳犾潉 鞏戈笁頃橂┌ Saba臧� 頃挫瀯鞐� 雽�頃� 鈥滌劋霌濍牓 鞛堧姅 攴缄卑毳� 鞝滌嫓頃橃 氇豁枅雼も�濌碃 歆�鞝來晿瓿�, 鞚措煬頃� 臁办箻臧� 鈥滍巰霌滌潣 氙鸽灅鞐� 頃措鞖� 瓴冣�濎澊霛缄碃 瓴疥碃頃╇媹雼�. 鞝曣赴 欤检＜齑濏殞電� 2025雲� 6鞗� 26鞚茧 鞓堨爼霅橃柎 鞛堨姷雼堧嫟. 鞚措 氚橂寑 旄§潣 瓿摐 旃措摐毳� 鞝滌稖頃� 欤检＜霃� WHITE 旃措摐鞐� 氇呾嫓霅� 氚╇矔鞚� 韱淀暣 韴憸毳� 氤�瓴巾暊 靾� 鞛堨姷雼堧嫟. 鞚橁舶甓� 甓岇湢 甏�霠� 氍胳潣電� Georgeson LLC (866) 441-6128搿� 鞐半澖頃橃嫓旮� 氚旊瀺雼堧嫟.
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) a d茅pos茅 des documents DEFA14A mettant en avant un soutien d茅cisif des trois principaux cabinets de conseil en vote鈥擨SS, Glass Lewis et Egan-Jones. Chaque conseiller encourage les actionnaires 脿 utiliser la carte de vote BLANCHE pour r茅茅lire les dix administrateurs actuels du Fonds et voter contre une proposition dissidente de Saba Capital visant 脿 mettre fin au mandat de BlackRock Advisors, LLC en tant que conseiller en investissement. Egan-Jones souligne les performances 芦 sup茅rieures 禄 d鈥橢CAT par rapport 脿 ses pairs et indique que Saba 芦 n鈥檃 pas pr茅sent茅 de cas convaincant 禄 pour la r茅siliation, avertissant qu鈥檜ne telle action serait 芦 pr茅judiciable 脿 l鈥檃venir du Fonds. 禄 L鈥橝ssembl茅e G茅n茅rale Annuelle est pr茅vue pour le 26 juin 2025. Les actionnaires ayant d茅j脿 soumis la carte dor茅e du dissident peuvent modifier leur vote via les m茅thodes indiqu茅es sur la carte BLANCHE. Pour toute question concernant la sollicitation de procuration, contactez Georgeson LLC au (866) 441-6128.
BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) hat DEFA14A-Unterlagen eingereicht, die eine entschiedene Unterst眉tzung aller drei gro脽en Proxy-Beratungsfirmen鈥擨SS, Glass Lewis und Egan-Jones鈥攈ervorheben. Jeder Berater fordert die Aktion盲re auf, die WEISSE Stimmkarte zu verwenden, um die zehn amtierenden Treuh盲nder des Fonds wiederzuw盲hlen und gegen einen abtr眉nnigen Vorschlag von Saba Capital zu stimmen, der die Beendigung von BlackRock Advisors, LLC als Anlageberater fordert. Egan-Jones verweist auf die 鈥灻糱erlegenen鈥� Aktion盲rsrenditen von ECAT im Vergleich zu Wettbewerbern und erkl盲rt, dass Saba 鈥瀔einen 眉berzeugenden Grund鈥� f眉r die Beendigung vorgelegt habe und warnt, dass eine solche Ma脽nahme 鈥瀌em zuk眉nftigen Zustand des Fonds schaden w眉rde.鈥� Die Jahreshauptversammlung ist f眉r den 26. Juni 2025 angesetzt. Aktion盲re, die bereits die goldene Karte des Abtr眉nnigen eingereicht haben, k枚nnen ihre Stimme 眉ber die auf der WEISSEN Karte angegebenen Methoden 盲ndern. Fragen zur Proxy-Einholung richten Sie bitte an Georgeson LLC unter (866) 441-6128.
FAQ
When is the ECAT annual shareholder meeting?
Which proxy advisers support ECAT鈥檚 board?
What proposal is Saba Capital making?
Which proxy card should shareholders use to support the board?
Can shareholders change a previously submitted gold proxy card?
Why did Egan-Jones oppose Saba鈥檚 proposal?
