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BlackRock Capital Allocation Term Trust Rights Offering Quick NotesSeeking Alpha · Sep 24, 2026The BlackRock Capital Allocation Term Trust (BCAT) is a recently established, closed-end investment management company. As a non-diversified entity, it currently operates without a prior operational track record. Its primary goal is to achieve a blend of total return and income for investors, which it aims to do by generating immediate income streams, realizing short-term profits, and fostering long-term capital growth.