Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 40

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 40
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 one copy of shareholder documents, including annual or
semi-annual reports and proxy materials, may be delivered to two or more shareholders of the Funds who share an address, unless the Funds have received instructions to the contrary. This practice is commonly called “householding” and it
is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailings of your shareholder documents may be householded indefinitely unless you instruct us otherwise. To request a separate copy of any shareholder document
or for instructions as to how to request a separate copy of these documents or as to how to request a single copy if multiple copies of these documents are received, shareholders should contact the respective Fund at the address and phone number set
forth above.

The common shares of BlackRock Municipal Income Trust II are listed on the NYSE under the ticker symbol “BLE”,
the common shares of BlackRock Municipal Income Quality Trust are listed on the NYSE under the ticker symbol “BYM”, the common shares of BlackRock Municipal Income Trust are listed on the NYSE under the ticker symbol “BFK”,
the common shares of BlackRock MuniHoldings Quality Fund II, Inc. are listed on the NYSE under the ticker symbol “MUE” and the common shares of BlackRock MuniHoldings Fund, Inc. are listed on the NYSE under the ticker symbol
“MHD” and will continue to be so listed after the completion of the Reorganizations. The preferred shares of each Fund are not listed on any exchange and have not been registered under the Securities Act of 1933 (the “Securities
Act”), or any state securities laws, and unless so registered under the Securities Act, may not be offered, sold, assigned transferred, pledged, encumbered or otherwise disposed of except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and applicable state laws. Accordingly, the VMTP Shares that are “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) in accordance with the
exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) of the Securities Act and are subject to restrictions on transfer.

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TABLE OF CONTENTS

| SUMMARY                                                                         |     |   1 |
| PROPOSAL 1 – THE REORGANIZATIONS OF THE FUNDS                                   |     |  11 |
| Description of the Reorganizations                                              |     |  11 |
| The Board’s Recommendation