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Glass Lewis Recommends Shareholders Vote for ECAT Board Nominees and Against Saba's Proposal to Terminate BlackRock as Investment Adviser at Upcoming Annual Meeting

1. Glass Lewis supports BlackRock's Board nominees for ECAT. 2. Dissident proposal to replace BlackRock rejected, boosting stability.

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FAQ

Why Bullish?

Glass Lewis's recommendation enhances investor confidence, historically strengthening similar fund performances.

How important is it?

The advisory firm's backing is crucial for maintaining investor trust and fund management continuity.

Why Short Term?

The upcoming vote on June 26, 2025, brings immediate relevance to ECAT's stability.

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BLKESGFND
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors LLC (“BlackRock”) announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that shareholders vote on the WHITE proxy card FOR all of the Board nominees of BlackRock ESG Allocation Term Trust (NYSE: ECAT) (the “Fund”) and AGAINST the proposal put forth by a dissident shareholder to terminate BlackRock as investment adviser ahead of the Fund's annual meeting on June 26, 2025. In issuing its report, Glass Lewis rejected.

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