# EDGAR Filing Document

**Accession Number:** 0001864843
**File Stem:** 0001193125-26-134680
**Filing Date:** 2026-3
**Character Count:** 6408
**Document Hash:** 4f4f9b63045336a0d335473baffc62a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-134680.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001193125-26-134680

**CONFORMED SUBMISSION TYPE**: DEFA14A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock ESG Capital Allocation Term Trust
- **CENTRAL INDEX KEY:** 0001864843

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEFA14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-23701
- **FILM NUMBER:** 26822361

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** (800) 882-0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock ESG Capital Allocation Trust
- **DATE OF NAME CHANGE:** 20210527

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**SCHEDULE 14A INFORMATION** 

**Proxy Statement Pursuant to Section 14(a) of the** 

**Securities Exchange Act of 1934** 

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

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|:---|:---|:---|
| Check the appropriate box: |  |  |
| <br> ☐ Preliminary Proxy Statement | <br> ☐ | <br> Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☐ Definitive Proxy Statement<br>|  |  |
| ☒ Definitive Additional Materials<br>|  |  |
| ☐ Soliciting Material Pursuant to § 240.14a-12 |  |  |

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**BLACKROCK ESG CAPITAL ALLOCATION TERM TRUST** 

(Name of Registrant as Specified In Its Charter)

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| |
|:---|
| <br> (Name of Person(s) Filing Proxy Statement, if Other than the Registrant)<br>|
| Payment of Filing Fee (Check the appropriate box): |
| <br> ☒ No fee required. |
| ☐ Fee paid previously with preliminary materials. |
| ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |

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![LOGO](g43620g00a02.jpg)

Your voice, your vote <br>ESG Capital Allocation <br>Term Trust (ECAT) <br>Vote the WHITE form today <br>The Board of Trustees, who has overseen ECAT's strong financial performance since inception, faces a contested election this year. Make your voice heard by voting on the enclosed WHITE form today: <br>FOR your Class I, Class II and Class III Board Member Nominees <br>!BY NOT VOTING, YOU RISK SIGNIFICANT CHANGES TO YOUR INVESTMENT AND MONTHLY PAYOUT <br>HOW TO VOTE <br>To Elect the Class I, Class II and Class III Board Member Nominees. <br>FOR AGAINST ABSTAIN <br>01. Cynthia L. Egan (Class I) <br>02. Lorenzo A. Flores (Class I) <br>03. Stayce D. Harris (Class I) <br>04. R. Glenn Hubbard (Class II) <br>05. W. Carl Kester (Class II) <br>FOR AGAINST ABSTAIN <br>06. John M. Perlowski (Class II) <br>07. Robert Fairbairn (Class III) <br>08. J. Phillip Holloman (Class III) <br>09. Arthur P. Steinmetz (Class III) <br>ECAT has outperformed and continues to deliver for you1 <br>Growth in monthly payout since the Fund's inception2 <br>Lowest discount to net asset value among competitor funds3 <br>1 Morningstar data as of February 28, 2026. Chart reflects cumulative market price return since January 1, 2023. Peer group data reflects the median of the Morningstar Closed-End Tactical Allocation category, excluding BlackRock funds; 2 Reflects growth in Distribution Rate target as a % of NAV from Fund inception to February 28, 2026; 3 Reflects 1-year average discount

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![LOGO](g43620g00a03.jpg)

Make your voice heard today. <br>Vote on the enclosed WHITE voting instruction form to support your Fund: <br>"FOR" the Proposal to elect Class I, Class II and Class III Board Member Nominees <br>Voting is simple <br>Vote online Vote by phone Vote by mail <br>By scanning the QR code or using the website provided on your enclosed WHITE voting instruction form <br>By calling the number on your enclosed WHITE voting instruction form or using the ProxyVote app <br>By completing and returning your enclosed WHITE voting instruction form in the postage paid envelope provided <br>! ONLY RETURN THE WHITE VOTING INSTRUCTION FORM YOU RECEIVE ON BEHALF OF BLACKROCK <br>If you have already sent back a voting instruction form received from another shareholder, you can still change your vote by promptly voting on the WHITE voting instruction form, which will replace the voting instruction form you previously completed. <br>If you have any questions about the proposals to be voted upon, please feel free to contact BlackRock's proxy solicitor – Georgeson LLC – toll free at 1-866-961-8444. <br>Important information about the Fund <br>This material is not an advertisement and is intended for existing shareholder use only. This document and the information contained herein relates solely to BlackRock ESG Capital Allocation Term Trust (ECAT). The information contained herein does not relate to, and is not relevant to, any other fund or product sponsored or distributed by BlackRock or any of its affiliates. This document is not an offer to sell any securities and is not a solicitation of an offer to buy any securities. <br>Common shares for the closed-end fund identified above are only available for purchase and sale at current market price on a stock exchange. A closed-end fund's dividend yield, market price and net asset value (NAV) will fluctuate with market conditions. The information for this Fund is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. <br>Performance results reflect past performance and are no guarantee of future results. Current performance may be lower or higher than the performance data quoted. All returns assume reinvestment of all dividends. The market value and NAV of a fund's shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount. <br>© 2026 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc., or its affiliates. All other trademarks are those of their respective owners. <br>Not FDIC Insured • May Lose Value • No Bank Guarantee <br>April 2026 \| BlackRock ESG Capital Allocation Term Trust (ECAT) <br>ECAT_2026_FL1