Glass Lewis Recommends Shareholders Vote for ECAT Board Nominees and Against Saba’s Proposal to Terminate BlackRock as Investment Adviser at Upcoming Annual Meeting

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors LLC (“BlackRock”) announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that shareholders vote on the WHITE proxy card FOR all of the Board nominees of BlackRock ESG Allocation Term Trust (NYSE: ECAT) (the “Fund”) and AGAINST the proposal put forth by a dissident shareholder to terminate BlackRock as investment adviser ahead of the Fund’s annual meeting on June 26, 2025. In issuing its report, Glass Lewis rejected