{"id":9663,"date":"2026-05-21T18:42:00","date_gmt":"2026-05-21T16:42:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=a0f9fac7a50d8593b5ef186412543b08"},"modified":"2026-05-21T18:42:00","modified_gmt":"2026-05-21T16:42:00","slug":"glass-lewis-recommends-ecat-shareholders-vote-in-support-of-all-of-ecats-board-nominees","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=9663","title":{"rendered":"Glass Lewis Recommends ECAT Shareholders Vote in Support of All of ECAT\u2019s Board Nominees"},"content":{"rendered":"<p class=\"bwalignc\">\n<i>Glass Lewis Recommends Shareholders Vote on the <\/i><b><i><span class=\"bwuline\">WHITE<\/span><\/i><\/b><i> Card Ahead of June 9<sup>th<\/sup> Annual Meeting<\/i><\/p><p>NEW YORK--(BUSINESS WIRE)--BlackRock Advisors LLC (\u201cBlackRock\u201d) announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that shareholders vote on the <b><span class=\"bwuline\">WHITE<\/span><\/b> proxy card <b><span class=\"bwuline\">FOR<\/span><\/b> all nine of the Board nominees of BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) (the \u201cFund\u201d) ahead of the Fund\u2019s annual meeting on June 9, 2026.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260521424151\/en\/2812374\/4\/BLK_eng_black_rgb-Logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260521424151\/en\/2812374\/22\/BLK_eng_black_rgb-Logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260521424151\/en\/2812374\/4\/BLK_eng_black_rgb-Logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260521424151\/en\/2812374\/21\/BLK_eng_black_rgb-Logo.jpg\" \/><\/a><p>\nIn making its recommendation, Glass Lewis rejected the dissident\u2019s full slate of nominees.<\/p><p>\nImportant statements by Glass Lewis in issuing its voting recommendation<sup>1<\/sup>:<\/p><ul class=\"bwlistdisc\">\n<li>\n<i>\u201cECAT's discount (which sat near 2.8% as of May 15, 2026) and distribution rate are functionally best-in-class, suggesting the board's focus on capital and discount management have driven measurable, competitive results.\u201d<\/i><\/li>\n<li>\n<i>\u201c\u2026 despite a highly visible ECAT stake and what was then a third consecutive effort to rally the troops, Saba again failed to gather any meaningful investor coalition. This steadfast dynamic ultimately suggests Saba's principal lever at the ballot box remains its own economic exposure, a noteworthy distinction given Saba has since sold down nearly a third of its stake.\u201d<\/i><\/li>\n<\/ul><p>\nECAT\u2019s Board of Trustees and BlackRock have continued to take shareholder-friendly actions to enhance long-term value, including increasing distribution rates significantly since inception and implementing discount management and share repurchase programs. As a result, ECAT has outperformed its peer group by 36% since 2023<sup>2,4 <\/sup>and has averaged the lowest discount to net asset value among competitor funds<sup>3,4<\/sup>.<\/p><p>\n<b>VOTE FOR ALL ECAT BOARD NOMINEES ON THE <span class=\"bwuline\">WHITE<\/span> PROXY CARD TODAY<\/b><\/p><p>\nOnly your latest dated proxy will count at the meeting. Please do <b><span class=\"bwuline\">NOT<\/span><\/b> send back any proxy card other than the one you receive from BlackRock as this will cancel your prior vote for the Board nominees.<\/p><p>\nYou can vote by:<\/p><ol class=\"bwlistdecimal\">\n<li>\nusing the website provided on the <b><span class=\"bwuline\">WHITE<\/span><\/b> proxy card;<\/li>\n<li>\ncalling the toll-free number provided on the <b><span class=\"bwuline\">WHITE<\/span><\/b> proxy card; or<\/li>\n<li>\npromptly completing, signing, dating and returning the <b><span class=\"bwuline\">WHITE<\/span> <\/b>proxy card.<\/li>\n<\/ol><p>\nIf you have any questions about the proposal to be voted upon, please call BlackRock\u2019s proxy solicitor \u2013 Georgeson LLC \u2013 toll free at (866) 961-8444.<\/p><p>\nThe Fund\u2019s letters, proxy statement and proxy card for the annual meeting of shareholders to be held on June 9, 2026 are available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.proxy-direct.com%2Fblk-35108&amp;esheet=54540009&amp;newsitemid=20260521424151&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.proxy-direct.com%2Fblk-35108&amp;index=1&amp;md5=fe0a47bea8dfb6cf9e9a7a8e4e937c6c\" rel=\"nofollow\" shape=\"rect\">https:\/\/www.proxy-direct.com\/blk-35108<\/a>. More information about ECAT may be found here: <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.blackrock.com%2Fus%2Ffinancial-professionals%2Finvestments%2Fproducts%2Fclosed-end-funds%2Fecat&amp;esheet=54540009&amp;newsitemid=20260521424151&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.blackrock.com%2Fus%2Ffinancial-professionals%2Finvestments%2Fproducts%2Fclosed-end-funds%2Fecat&amp;index=2&amp;md5=a05e9102e3a4f38a0ad57eae4997d11e\" rel=\"nofollow\" shape=\"rect\">https:\/\/www.blackrock.com\/us\/financial-professionals\/investments\/products\/closed-end-funds\/ecat<\/a>.<\/p><p>\n____________________________\n<br\/><sup>1<\/sup> Permission to use quotes was neither sought nor obtained.\n<br\/><sup>2<\/sup> Morningstar data as of April 30, 2026. Reflects cumulative market price return.\n<br\/><sup>3<\/sup> Morningstar data as of April 30, 2026. Reflects 1-year average discount.\n<br\/><sup>4<\/sup> Peer group data reflects the median of the Morningstar Closed-End Tactical Allocation category, excluding BlackRock funds.<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<b>Press Contact<\/b><\/p><p>\nOffice: +1 (646) 231 0013\n<br\/><a  href=\"mailto:GroupCorpCommsAMRS@blackrock.com\" rel=\"nofollow\" shape=\"rect\">GroupCorpCommsAMRS@blackrock.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Glass Lewis Recommends Shareholders Vote on the WHITE Card Ahead of June 9th Annual MeetingNEW YORK&#8211;(BUSINESS WIRE)&#8211;BlackRock Advisors LLC (\u201cBlackRock\u201d) announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that sh&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9663","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/9663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9663"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/9663\/revisions"}],"predecessor-version":[{"id":9664,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/9663\/revisions\/9664"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}