SEC Form DEFA14A filed by BlackRock ESG Capital Allocation Term Trust
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☐ | Definitive Proxy Statement |
| ☒ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to § 240.14a-12 |
BLACKROCK ESG CAPITAL ALLOCATION TERM TRUST
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| ☒ | No fee required. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
Your vote matters BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) Vote the Your Board of Trustees and BlackRock have delivered consistent income for you. WHITE Make your voice heard by voting on the enclosed WHITE card today: 1. FOR your Class I, Class II and Class III Board Member Nominees card today. 2. AGAINST the proposal to terminate BlackRock as your manager HOW TO VOTE 1. To Elect the Class I, Class II and Class III Board Member Nominees. FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN 01. Cynthia L. Egan (Class I) 02. Lorenzo A. Flores (Class I) 03. Stayce D. Harris (Class I) 04. Catherine A. Lynch (Class I) 05. R. Glenn Hubbard (Class II) 06. W. Carl Kester (Class II) 07. John M. Perlowski (Class II) 08. Robert Fairbairn (Class III) 09. J. Phillip Holloman (Class III) 10. Arthur P. Steinmetz (Class III) 2. If properly presented at the meeting, a proposal submitted by a hedge fund managed by Saba FOR AGAINST ABSTAIN Capital Management, L.P. to terminate the investment management agreement between the Fund and BlackRock Advisors, LLC. ! ONLY RETURN THE WHITE PROXY CARD YOU RECEIVE ON BEHALF OF BLACKROCK ECAT has outperformed and continues to deliver for you1 Growth of $10,000 A $10,000 investment in ECAT $18,000 grew nearly 200% more than the median of its peers since 2023 $17,000 200% $16,000 $16,720 $15,000 Growth in distributions $14,000 since the Fund’s inception $13,000 $13,590 $12,000 $11,000 $10,000 $9,000 $8,000 #1 Lowest discount to net asset value among competitor funds ECAT Peer Median 1 Morningstar data as of 3/7/2025. Chart reflects cumulative market price return. Peer group data reflects the median of the Morningstar Closed-End Tactical Allocation category, excluding BlackRock funds
Make your voice heard today. Vote on the enclosed WHITE proxy card to support your Fund: “FOR” Proposal 1 to elect Class I, Class II and Class III Board Member Nominees “AGAINST” Proposal 2, which seeks to terminate BlackRock as your manager Voting is simple Vote online Vote by phone Vote by mail By scanning the QR code or By calling number on your By completing and returning using the website provided on enclosed WHITE proxy card your enclosed WHITE card your enclosed WHITE proxy in the postage paid envelope card provided ! ONLY RETURN THE WHITE PROXY CARD YOU RECEIVE ON BEHALF OF BLACKROCK If you have already sent back a proxy card received from another shareholder, you can still change your vote by promptly voting on the WHITE proxy card, which will replace the proxy card you previously completed. ? If you have any questions about the proposals to be voted, please feel free to contact Georgeson LLC, toll free at 1-866-441-6128. Important information about the Fund This material is not an advertisement and is intended for existing shareholder use only. This document and the information contained herein relates solely to BlackRock ESG Capital Allocation Term Trust (ECAT). The information contained herein does not relate to, and is not relevant to, any other fund or product sponsored or distributed by BlackRock or any of its affiliates. This document is not an offer to sell any securities and is not a solicitation of an offer to buy any securities. Common shares for the closed-end fund identified above are only available for purchase and sale at current market price on a stock exchange. A closed-end fund’s dividend yield, market price and net asset value (NAV) will fluctuate with market conditions. The information for this Fund is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Performance results reflect past performance and are no guarantee of future results. Current performance may be lower or higher than the performance data quoted. All returns assume reinvestment of all dividends. The market value and NAV of a fund’s shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount. © 2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc., or its affiliates. All other trademarks are those of their respective owners. Not FDIC Insured • May Lose Value • No Bank Guarantee April 2025 | BlackRock ESG Capital Allocation Term Trust (ECAT) ECAT_2025_FL2