BlackRock Capital Allocation Term Trust Announces Rights Offering Results

BCAT completed its transferable rights offering, issuing ~3.3M shares at $13.30, for expected proceeds of about $43M. Price was set at 98.5% of NAV as of Oct 21, 2026.Material DetailsContext by AI AnalystThis is a capital raise to expand the fund’s asset base, consistent with closed-end fund practi…