Company: BCAT
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049576
Chunk: 60

Company: BlackRock Capital Allocation Term Trust
Filing Date: 2025-03-07
Form: N-CSR
Chunk 60
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idendIncome |
| BCAT       |              $12,458,528 |
| ECAT       |               10,201,862 |

The following amounts, or maximum amounts allowable by law, are hereby designated as qualified business income for individuals for the fiscal year ended December 31, 2024:

| Trust Name | Qualified BusinessIncome |
| BCAT       |                 $129,012 |
| ECAT       |                  345,841 |

The Trusts hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended December 31, 2024:

| Trust Name | Federal ObligationInterest |
| BCAT       |                 $1,603,037 |
| ECAT       |                  5,352,478 |

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax. The following percentages, or maximum percentages allowable by law, of ordinary income distributions paid during the fiscal year ended December 31, 2024 qualified for the dividends-received deduction for corporate shareholders:

| Trust Name | Dividends-ReceivedDeduction |
| BCAT       |                       7.38% |
| ECAT       |                        3.81 |

The Trusts hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended December 31, 2024:

| Trust Name | InterestDividends |
| BCAT       |       $38,817,936 |
| ECAT       |        27,081,423 |

The Trusts hereby designate the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended December 31, 2024:

| Trust Name | Interest-RelatedDividends |
| BCAT       |               $24,190,471 |
| ECAT       |                22,077,472 |

92 2024 BlackRock Annual Report to Shareholders

Investment Objectives, Policies and Risks

Recent Changes The following information is a summary of certain changes since December 31, 2023 . This information may not reflect all of the changes that have occurred since