Company: BLE
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230217
Chunk: 47

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-10-03
Form: N-CSR
Chunk 47
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 a portion of its investment advisory fee attributable to each Fund’s outstanding preferred shares for each month in which the monthly dividend on the Fund’s preferred shares exceeds the calculated value of the Fund’s gross monthly income attributable to investments from the proceeds of the preferred shares (determined by multiplying the Fund’s gross monthly income by the ratio of (i) the liquidation preference of any outstanding preferred shares to (ii) total assets of the Fund minus the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding preferred shares). This voluntary waiver may be reduced or discontinued at any time without notice. These amounts are included in fees waived and/or reimbursed by the Manager in the Statements of Operations. For the year ended July 31, 2025, the amounts waived were as follows:

| Fund Name | Fees Waived and/or Reimbursedby the Manager |
| BKN       |                                    $149,093 |

Notes to Financial Statements 99

Notes to Financial Statements (continued)

| Fund Name | Fees Waived and/or Reimbursedby the Manager |
| BFK       |                                    $392,150 |
| BLE       |                                     455,610 |
| MHD       |                                     527,653 |
| MVF       |                                     341,643 |
| MVT       |                                     189,315 |
| MQT       |                                     178,538 |

The Manager reimbursed BLE $117,602 for reorganization cost. Directors and Officers: Certain directors and/or officers of the Funds are directors and/or officers of BlackRock or its affiliates. The Funds reimburse the Manager for a portion of the compensation paid to the Funds ’ Chief Compliance Officer, which is included in Directors and Officer in the Statements of Operations. 7. PURCHASES AND SALES For the year ended July 31, 2025, purchases and sales of investments, excluding short-term securities, were as follows:

| Fund Name |    Purchases |        Sales |
| BKN       | $169,055,606 | $138,418,268 |
| BFK       |  458,186,445 |  427,183,023 |
| BLE       |  417,622,240 |  350,008,636 |
| MHD       |  566,586,643 |  474,343,895 |
| MVF       |  412,876,383 |  402,349,884 |
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