Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 35

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 35
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 its registration under the 1940 Act, and the liquidation,
dissolution and termination of BFK in accordance with its Amended and Restated Agreement and Declaration of Trust and Delaware law (the “BFK Reorganization”).

Proposal 1(F): The VMTP Holders of BFK are being asked to vote as a separate class on a proposal to approve the BFK Reorganization
Agreement and the BFK Reorganization.

Proposal 1(G): The common shareholders and VMTP Holders of MUE are being asked to vote as a single class on a proposal to approve an
Agreement and Plan of Reorganization between MUE and the Acquiring Fund (the “MUE Reorganization Agreement” and collectively with the BLE Reorganization Agreement, the BYM Reorganization Agreement and the BFK Reorganization Agreement, the
“Reorganization Agreements”) and the transactions contemplated therein, including (i) the acquisition by the Acquiring Fund of substantially all of MUE’s assets and the assumption by the Acquiring Fund of substantially all of
MUE’s liabilities in exchange solely for newly issued common shares and VMTP Shares and VMTP Holders of the Acquiring Fund, which will be distributed to the common shareholders (although cash may be distributed in lieu of fractional common
shares) and VMTP Holders, respectively, of MUE, and which shall constitute the sole consideration to be distributed or paid to the common shareholders (although cash may be distributed in lieu of fractional common shares) and the VMTP Holders in
respect of their common shares and VMTP Shares, respectively, and (ii) the termination by MUE of its registration under the 1940 Act, and the liquidation, dissolution and termination of MUE in accordance with its Articles of Incorporation and
Maryland law (the “MUE Reorganization” and collectively with the BLE Reorganization, the BYM Reorganization and the BFK Reorganization, the “Reorganizations”).

Proposal 1(H): The VMTP Holders of MUE are being asked to vote as a separate class on a proposal to approve the MUE Reorganization
Agreement and the MUE Reorganization.

ii

Proposal 1(I): The VMTP Holders of the Acquiring Fund are being asked to vote as a
separate class on a proposal to approve the BLE Reorganization Agreement and the transactions contemplated therein, including amendments to the Articles Supplementary of Variable Rate Muni Term Preferred Shares of the Acquiring Fund (the “MHD