Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 244

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 244
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 real estate or interests therein, and the Acquiring Fund may purchase and sell financial futures contracts and options thereon; |

| 3. | Issue senior securities or borrow money except as permitted by Section 18 of the 1940 Act; |

| 4. | Underwrite securities of other issuers except insofar as the Acquiring Fund may be deemed an underwriter 
 under the Securities Act in selling portfolio securities;                                                |

| 5. | Make loans to other persons, except that the Acquiring Fund may purchase municipal bonds, municipal bonds                                
 and other debt securities and enter into repurchase agreements in accordance with its investment objective, policies and limitations; or |

| 6. | Invest more than 25% of its total assets (taken at market value at the time of each investment) in                                                                                                  
 securities of issuers in a single industry; provided, that for purposes of this restriction, states, municipalities and their political subdivisions are not considered to be part of any industry. |

For purposes of restriction (6), the exception for states, municipalities and their political subdivisions applies only to tax-exemptsecurities issued by such entities. Additional investment restrictions adopted by the Acquiring Fund, which may be changed by the Acquiring Fund’s Board without shareholder approval, provide that the Acquiring Fund may not:

| 1. | Purchase securities of other investment companies, except to the extent that such purchases are permitted by                                                                                                                                                     
 applicable law. Applicable law currently prohibits the Acquiring Fund from purchasing the securities of other investment companies except if immediately thereafter not more than (i) 3% of the total outstanding voting stock of such company is owned          
 by the Acquiring Fund, (ii) 5% of the Acquiring Fund’s total assets, taken at market value, would be invested in any one such company, (iii) 10% of the Acquiring Fund’s total assets, taken at market value, would be invested in such                          
 securities, and (iv) the Acquiring Fund, together with other investment companies having the same investment adviser and companies controlled by such companies, owns not more than 10% of the total outstanding stock of any one closed-end investment company; |

| 2. | Mortgage, pledge, hypothecate or in any manner transfer, as security for indebtedness, any securities owned                                                                                                                                   
 or held by the Acquiring Fund except as may be necessary in connection with borrowings mentioned in investment restriction (3) above or except as may be necessary in connection with transactions in