Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 183

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 183
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 financial statements of BLE for the fiscal year ended July
31, 2024 are incorporated by reference herein to BLE’s annual report filed on Form N-CSR on July 31, 2024.

The financial statements of BYM for the fiscal year ended July 31,
2024 are incorporated by reference herein to BYM’s annual report filed on Form N-CSR on July 31, 2024.

The financial statements of BFK for the fiscal year ended July
31, 2024 are incorporated by reference herein to BFK’s annual report filed on Form N-CSR on July 31, 2024.

The financial statements of MUE for the fiscal year ended July 31,
2024 are incorporated by reference herein to BFK’s annual report filed on
Form N-CSR on July 31, 2024.]

SUPPLEMENTAL FINANCIAL STATEMENTS

A table showing the fees of the Acquiring Fund and each Target Fund, and the fees and expenses of the Acquiring Fund on a pro forma basis
after giving effect to the proposed Reorganizations, is included in the section entitled “Expense Table for Shareholders” of the Proxy Statement.

The Reorganizations will not result in a material change to each Target Fund’s investment portfolio due to the investment restrictions of
the Acquiring Fund. As a result, a schedule of investments of each Target Fund modified to show the effects of the change is not required and is not included. Notwithstanding the foregoing, changes may be made to each Target Fund’s portfolio in
advance of the Reorganization and/or the Acquiring Fund’s portfolio following the Reorganization.

There are no material differences
in the accounting, taxation and valuation policies of each Target Fund as compared to those of the Acquiring Fund.

112

CERTAIN PROVISIONS OF THE CHARTERS AND BYLAWS Certain Provisions of the Charter and Bylaws of the Acquiring Fund The Acquiring Fund’s Charter includes provisions that could have the effect of limiting the ability of other entities or persons to acquire control of the Fund or to change the composition of its Board and could have the effect of depriving Common Stockholders of an opportunity to sell their shares at a premium over prevailing market prices by discouraging a third-party from seeking to obtain control of the Acquiring Fund. A Director may be removed from office with or without cause but only by vote of the holders of at least 66 2/3% of the shares entitled to vote in an election to fill that directorship. A director