BlackRock Capital Allocation Term TrustBCAT
BCAT
About: BlackRock Capital Allocation Trust is a non-diversified, closed-end management investment company. The investment objective is to provide total return and income through a combination of current income, current gains and long-term capital appreciation.
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
5% less funds holding
Funds holding: 84 [Q2] → 80 (-4) [Q3]
9.27% less ownership
Funds ownership: 42.2% [Q2] → 32.94% (-9.27%) [Q3]
21% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 14
22% less capital invested
Capital invested by funds: $749M [Q2] → $585M (-$164M) [Q3]
42% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 36
Research analyst outlook
We haven’t received any recent analyst ratings for BCAT.
Financial journalist opinion
Based on 4 articles about BCAT published over the past 30 days
Negative
Seeking Alpha
2 weeks ago
BCAT: Multi-Asset Fund Provides Hefty Distribution Yield (Rating Downgrade)
BCAT delivers a sizeable distribution yield thanks to its 20% managed distribution policy, which seemed to have helped the fund's discount narrow since our prior update. This policy, along with a discount management program, was implemented due to activist pressure from Saba Capital Management, but Saba has recently reduced its stake. Due to recent market volatility, the fund's share price has fallen along with its underlying portfolio; further, its discount has also widened once again, making it a more interesting choice.
Positive
Seeking Alpha
2 weeks ago
BCAT: Big Yield, 8% Discount On Fixed Income/Equity Mix
BlackRock Capital Allocation Term Trust offers a balanced mix of 55% equity and 45% fixed income, with a big dividend yield. BCAT's monthly payout increased significantly in June 2024, resulting in a high yield. BCAT is currently trading at a 7.79% discount to NAV.
Neutral
Business Wire
2 weeks ago
Certain BlackRock Closed-End Funds Announce Tender Offer in Conjunction with Results of the Quarterly Measurement Period of their Discount Management Programs
NEW YORK--(BUSINESS WIRE)---- $BCAT--The BlackRock closed-end funds (the “Funds”) listed below announced today the results of the Quarterly Measurement Period (as defined below) under their previously announced discount management programs (the “Programs”). Funds with a Trigger Event (as defined below) at the end of the Quarterly Measurement Period also announced the dates of tender offers. The Programs are part of the Funds' ongoing efforts to manage discounts and enhance long-term shareholder value and.
Neutral
Business Wire
4 weeks ago
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
Neutral
Seeking Alpha
1 month ago
BCAT: The Easy Money Has Been Made (Rating Downgrade)
Shares of BlackRock Capital Allocation Term Trust have delivered a 21% total return since my January 30, 2024, Buy recommendation. BCAT's outperformance has been driven by a significant narrowing of its discount to NAV from 10.8% to 3.7%. Given the current valuation relative to NAV, I now view BCAT as reasonably valued.
Neutral
Business Wire
1 month ago
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
Neutral
Business Wire
2 months ago
Certain BlackRock Funds Announce Expiration and Preliminary Results of Tender Offers
NEW YORK--(BUSINESS WIRE)---- $BCAT--The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund's tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”). Each Tender Offer commenced on October 16, 2024 and expired at 5:00 p.m. Eastern time on November 18, 2024. Based on preliminary information, the number of Shares properly tendered for each Fund and not withdrawn is noted in the table below.
Neutral
Business Wire
2 months ago
Certain BlackRock Funds Announce Final Results of Tender Offers
NEW YORK--(BUSINESS WIRE)---- $BCAT--The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund's tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”). The Tender Offers, which expired at 5:00 p.m. Eastern time on November 15, 2024, were oversubscribed for each Fund. Therefore, in accordance with the terms and conditions of the Tender Offers, each Fund will purchase Shares from all tendering shareholders on a pr.
Neutral
Business Wire
2 months ago
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
Neutral
Business Wire
3 months ago
Certain BlackRock Closed-End Funds Announce Tender Offer in Conjunction with Results of the Quarterly Measurement Period of their Discount Management Programs
NEW YORK--(BUSINESS WIRE)---- $BCAT--The BlackRock closed-end funds (the “Funds”) listed below announced today the results of the Quarterly Measurement Period (as defined below) under their previously announced discount management programs (the “Programs”). Funds with a Trigger Event (as defined below) at the end of the Quarterly Measurement Period also announced the dates of tender offers. The Programs are part of the Funds' ongoing efforts to manage discounts and enhance long-term shareholder value and.
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