BLACKROCK CLOSED-END FUNDS

The future of ECAT depends on your vote

Closed-end funds (CEFs) have been at the heart of BlackRock since our founding in 1988. The current Board has extensive experience overseeing the fund and has taken action to improve shareholder outcomes.

 

BlackRock ESG Allocation Term Trust (ECAT) is facing a proxy contest.

 

Ensure that your voice and support for the fund is heard by voting on the WHITE proxy card today.

Cast your vote Cast your vote

How your decision could impact your investment in ECAT

BlackRock ESG Capital Allocation Term Trust (ECAT) is facing a contested election this year and your investment may be at risk.

When you receive ECAT’s proxy statement, closely review the proposal and vote your shares on the WHITE proxy card online, by phone or by mail.

Vote on the WHITE card here Vote on the WHITE card here

ABOUT THE FUND

BlackRock ESG Capital Allocation Term Trust

View ECAT's latest performance, key facts, and holdings data.
Visit our ECAT page Visit our ECAT page
Fund materials
ECAT shareholder letter ECAT shareholder letter
ECAT commentary ECAT commentary
ECAT fact sheet ECAT fact sheet

Board nominees up for election

Your independent and qualified board is at risk. Vote FOR your Board nominees for ECAT that are up for election. Click below to view the full list.

R. Glenn Hubbard

R. Glenn Hubbard

Former Chairman of the U.S. Council of Economic Advisers of the President of the United States. Dean Emeritus of Columbia Graduate Business School. Professor of Finance and Economics.
Cynthia L. Egan

Cynthia L. Egan

Former President of Retirement Plan Services at T. Rowe Price Group. Board Chair for The Hanover Insurance Group and Lead Independent Director for Huntsman Corporation.
J. Phillip Holloman

J. Phillip Holloman

Former President and Chief Operating Officer of Cintas Corporation. Interim Executive Chairman. President and Chief Executive Officer of Vestis Corporation.

ECAT has outperformed and continues to deliver for you

86%
Return since 2023, compared to peer return of 47%1
233%
Growth in monthly payout since inception2
  1. 1. Morningstar data as of December 31, 2025. Reflects cumulative market price return, net of fees since January 1, 2023. Peer data reflects the median for the Morningstar Closed-End Tactical Allocation category, excluding BlackRock funds.
  2. 2. Reflects growth in monthly Distribution Rate, as a percentage of NAV, from fund inception through March 31, 2026. For the most recent distribution (payable March 31, 2026), 77.21% of the distribution was classified as return of capital. A return of capital distribution may involve a return of the shareholder’s original investment.

Keep your investment with ECAT’s Board Nominees

ECAT’s Board Nominees listed on the WHITE proxy card have experience that demonstrates their ability to deliver long-term value.

Vote “FOR” the Board Nominees

Your vote is extremely important because the replacement of ECAT’s Board of Trustees may put your Fund at risk. The Board Members responsible for the Fund recommend that you vote “FOR” the Board Nominees by voting on the WHITE proxy card.
View all Board Nominees View all Board Nominees
The number one.

How Do I Vote?

Vote Online: Log on to www.proxy-direct.com. Follow onscreen instructions.

Vote by phone: Call 1-866-961-8444 . Follow the recorded instructions.

Vote by mail: Vote, sign, and date your WHITE Proxy Card and return in the postage-paid envelope.

Cast your vote Cast your vote

What should I NOT do?

You may receive a proxy card from the activist investor. Please do NOT send back any proxy card other than the WHITE proxy card you receive from BlackRock, as this will cancel your prior vote for ECAT's Board Nominees. Only your latest vote will count.
Vote now on the WHITE proxy card Vote now on the WHITE proxy card
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We're here to help

For more information on your investment, email cef@blackrock.com. If you have any questions about the proposals to be voted, please contact Georgeson LLC (“Georgeson”), toll free at 1-866-961-8444
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