Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 42

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 42
---
are Trust Company, N.A.   |
| Redemption and Paying Agent to VMTP Shares              |     | The Bank of New York Mellon         |

9

| Independent Registered Public Accounting Firm |     | [●]                                 |
| Fund Counsel                                  |     | Willkie Farr & Gallagher LLP        |
| Counsel to the Independent Board Members      |     | Stradley Ronon Stevens & Young, LLP |

10

PROPOSAL 1 – THE REORGANIZATIONS OF THE FUNDS

The Reorganizations seek to combine four funds that have the same investment adviser, the same Board Members, and similar investment
objectives and similar investment strategies, policies and restrictions

Description of the Reorganizations

Each Reorganization Agreement (a form of which is attached as to this Proxy Statement) provides for the Acquiring
Fund’s acquisition of substantially all of the assets of the applicable Target Fund and assumption of substantially all of the liabilities of the applicable Target Fund in exchange for newly issued Acquiring Fund common shares, with a par value
$0.10per share, and newly issued Acquiring Fund VMTP Shares, with a par value of $0.10 per share and liquidation preference of $100,000per share (plus an amount equal to any accumulated and unpaid dividends that have accrued on the
Target Fund VMTP Shares up to and including the day immediately preceding the Closing Date if such dividends have not been paid prior to the Closing Date). The Acquiring Fund will list the newly issued common shares on the NYSE. The Target Fund will
distribute Acquiring Fund Shares received by it pro rata to its shareholders (although cash may be paid in lieu of any fractional common shares). The newly-issued Acquiring Fund Shares will be issued in the form of book-entry interests. See
“Terms of the Reorganization Agreements—Book Entry Interests.” Such distribution of Acquiring Fund Shares to Target Fund shareholders will be accomplished by opening new accounts on the books of the Acquiring Fund in the names of the
Target Fund shareholders and transferring to those shareholder accounts Acquiring Fund Shares.

Each newly-opened account on the books of
the Acquiring Fund for the former common shareholders of BLE, BYM, BFK and MUE will represent the respective pro rata number of Acquiring Fund common shares (rounded down, in the case of fractional common shares held other than in an automatic
dividend reinvestment plan account (“Plan Account”), to the next largest number of whole common shares) due such common shareholder