Company: BCAT
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001193125-25-196039
Chunk: 51

Company: BlackRock Capital Allocation Term Trust
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 51
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 result of the discount trigger being met during the first measurement period under the Program, each Trust conducted a tender offer for 2.5% of its outstanding common shares, at a price equal to 98% of the NAV per share, determined on the business day after the tender offer expired. Tender offers results for the year ended December 31, 2024 were as follows: BCAT

| CommencementDate of TenderOffer 
 Period(a)                       | ValuationDate | Number of SharesTendered | Tendered Sharesas a Percentage ofOutstanding Shares | Number of TenderedSharesPurchased | Tendered SharesPurchasedas a Percentage ofOutstanding Shares | Purchase Price | Total Amount ofPurchases |
| 07/17/24                        | 08/19/24      |               14,916,872 | 13.9%                                               |                         2,686,545 | 2.5%                                                         |       $16.8854 |              $45,363,387 |

| (a) | Date                           
 the tender offer period began. |

ECAT

| CommencementDate of TenderOffer 
 Period(a)                       | ValuationDate | Number of SharesTendered | Tendered Sharesas a Percentage ofOutstanding Shares | Number of TenderedSharesPurchased | Tendered SharesPurchasedas a Percentage ofOutstanding Shares | Purchase Price | Total Amount ofPurchases |
| 07/22/24                        | 08/22/24      |               17,487,970 | 17.2%                                               |                         2,547,328 | 2.5%                                                         |       $18.0516 |              $45,983,346 |

| (a) | Date                           
 the tender offer period began. |

The discount trigger was not met for the second, third or fourth measurement period, and therefore no tender offers were conducted with respect to those measurement periods. On February 28, 2025, the Board approved the renewal of each Trust’s Program, which will consist of one measurement period beginning on January 1, 2025 and ending on September 30, 2025. Under the renewed Program, each Trust intends to offer to repurchase a portion of its common shares via tender offer if the Trust’s common shares trade at an average daily discount to NAV of more than 10% during the 9-month measurement period. If the discount trigger is met and a tender offer is conducted, there is no guarantee that