BlackRock Capital Allocation Term Trust, trading under the ticker BCAT, announced a transferable rights offering after its shares fell 4.2% in premarket trading Friday. Shareholders of record on September 25, 2026, will receive one right per common share, with five rights required to purchase one new share. The offering is intended to increase assets and support investments targeting total return, income, real yields and secular growth themes at what the trust describes as an attractive entry point.