BlackRock Capital Allocation Trust announces committed line of credit

NEW YORK–(COMMERCIAL THREAD) – BlackRock Capital Allocation Trust (the “Trust”) (NYSE: BCAT, CUSIP: 09260U109) today announced that the Trust has entered into a 179-day mobile line of credit (the “Credit Facility”) with BNP Paribas Prime Brokerage International, Limited (“BNP”). BNP is required to provide 179 days notice of termination to the Trust in the absence of default or certain similar events. The Trust has granted security over substantially all of its assets to BNP. The Trust may borrow up to $ 550,000,000 at any time, subject to the asset coverage and other limits specified in the Credit Facility. The advances will be made by BNP to the Trust at the overnight bank financing rate plus 0.75%. In addition, the Trust pays a commitment fee on the daily unused amount if the usage is less than 80% of the committed line amount.

About BlackRock

BlackRock’s goal is to help more and more people experience financial well-being. As an investor trustee and a leading fintech provider, we help millions of people build savings for their lifetimes by making investing easier and more affordable. For more information on BlackRock, please visit www.blackrock.com | Twitter: @rocknoir | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock

Availability of trusted updates

BlackRock will update the performance and certain other data of the Trust on a monthly basis on its website in the “Closed End Funds” section of BlackRock. www.blackrock.com as well as certain other important information as needed from time to time. Investors and others are encouraged to consult the website for updated performance information and the publication of other material information about the Trust. This reference to the BlackRock website is intended to provide investors with public access to information relating to the Trust and does not incorporate, and is not intended to, incorporate the BlackRock website in this release.

Forward-looking statements

This press release, and other statements that BlackRock or the Trust may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, regarding the future financial or business performance, strategies or expectations of the Trust or BlackRock. Forward-looking statements are generally identified by words or phrases such as “trend”, “potential”, “opportunity”, “project”, “believe”, “comfortable”, “expect”, “anticipate”, ” current “,” “intention”, “estimate”, “position”, “assume”, “prospect”, “continue”, “remain”, “maintain”, “support”, “seek”, “achieve” and expressions similar, or future or conditional verbs such as “will”, “would”, “should”, “could”, “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to many assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date on which they are made, and BlackRock assumes no obligation and does not undertake to update any forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Trust, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, interest rate environment, currency exchange rates or financial and capital markets, which could result in changes in the demand for the Trust or in the net asset value of the Trust; (2) the relative and absolute return on the Trust’s investments and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distribution or repurchase of shares; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions by government agencies relating to the Trust or BlackRock , depending on the case ; (8) terrorist activities, international hostilities, epidemics and / or pandemics and natural disasters, which can negatively affect the general economy, national and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock’s choice to provide support for its products from time to time; and (11) the impact of problems in other financial institutions or the failure or negative performance of products in other financial institutions.

The Trust’s annual and semi-annual reports and other regulatory documents with the SEC are available on the SEC’s website at www.sec.gov and on the BlackRock website at www.blackrock.com, and may discuss these or other factors that affect the Trust. The information contained on the BlackRock website does not form part of this press release.