Company: BLE
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230217
Chunk: 36

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-10-03
Form: N-CSR
Chunk 36
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 reorganization of BFK, BlackRock Municipal Income Quality Trust (BYM) and BLE into MHD, with MHD continuing as the surviving Fund. On June 6, 2025 the Board approved the reorganization of BlackRock MuniHoldings Quality Fund II, Inc. (MUE) into MHD, with MHD continuing as the surviving Fund. Subject to the requisite approvals by each Fund ’ s respective common and preferred shareholders and the satisfaction of customary closing conditions, the reorganizations are expected to occur in the fourth quarter of 2025. On January 20, 2025, the Board approved the reorganization of BKN, MQT and BlackRock MuniYield Fund, Inc. (MYD) into BlackRock MuniYield Quality Fund, Inc. (MQY), with MQY continuing as the surviving Fund. On June 6, 2025 the Board approved the reorganization of BlackRock Virginia Municipal Bond Trust (BHV) and BlackRock MuniYield Pennsylvania Quality Fund (MPA) into MQY, with MQY continuing as the surviving Fund. Subject to the requisite approvals by each Fund ’ s respective common and preferred shareholders and the satisfaction of customary closing conditions, the reorganizations are expected to occur in the fourth quarter of 2025. On June 6, 2025, the Board approved the reorganization of BlackRock MuniYield Michigan Quality Fund, Inc. (MIY), MVF and MVT into BlackRock MuniYield Quality Fund III, Inc. (MYI), with MYI continuing as the surviving fund. Subject to the requisite approvals by each Trust’s respective common and preferred shareholders and the satisfaction of customary closing conditions, the reorganizations are expected to occur during the fourth quarter of 2025. The Funds, together with certain other registered investment companies advised by BlackRock Advisors, LLC (the “Manager”) or its affiliates, are included in a complex of funds referred to as the BlackRock Fixed-Income Complex. 2. SIGNIFICANT ACCOUNTING POLICIES The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is