BlackRock Capital Allocation Term Trust (BCAT) Announces Terms of Rights Offering to Pursue Compelling Real Yields and Secular Growth Themes at an Attractive Entry Point

BlackRock Capital Allocation Term Trust (BCAT) Announces Terms of Rights Offering to Pursue Compelling Real Yields and Secular Growth Themes at an Attractive Entry Point

BlackRock Capital Allocation Term Trust (NYSE: BCAT) (the "Fund") today announced the terms of transferable rights ("Rights") to be issued to the holders of the Fund's common shares of beneficial interest, par value $0.001 per share ("Shares"), as of September 25, 2026 (the "Record Date"). Holders of Rights will be entitled to subscribe for additional Shares (the "Offer") at a discount to the net asset value (“NAV”) of the Shares.

BlackRock Advisors, LLC (the “Adviser”) believes today’s environment offers a historically attractive opportunity for the Fund to combine income, patient capital, and long-term growth:

Historic Opportunity Set: Major structural shifts across technology, healthcare, financials, infrastructure, and AI-related ecosystems are creating long-duration growth opportunities fit for the closed-end structure

Attractive Real Yields: Real rates remain compelling by historical standards, allowing investors to earn meaningful income while maintaining exposure to growth-oriented industries. The Fund expects to focus on corporate credit, securitized assets, and emerging markets debt to generate attractive real yields and provide portfolio resilience