Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 165

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 165
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 265 |
| Pro forma Combined Fund (BLE, BYM, BFK and MUE into MHD) |     | $      | 23 |     | $       | 72 |     | $       | 123 |     | $        | 263 |

The examples set forth above assume common shares of each Fund were owned as of the completion of the Reorganizations and the reinvestment of all dividends and distributions and uses a 5% annual rate of return as mandated by SEC regulations. The examples should not be considered a representation of past or future expenses or annual rates of return. Actual expenses or annual rates of return may be more or less than those assumed for purposes of the examples. Common shareholders of each Fund will indirectly bear all or a portion of the costs of the Reorganizations. The expenses of the Reorganizations of BLE, BYM, BFK, MUE and the Acquiring Fund are estimated to be approximately $464,000, $353,000, $371,000, $255,000 and $239,000, respectively, of which the Investment Advisor will bear approximately $118,000, $0, $0, $0 and $0, respectively. The actual costs associated with the Reorganizations may be more or less than the estimated costs discussed herein. VMTP Holders are not expected to bear any costs of the Reorganizations. 91

CAPITALIZATION TABLE The Board of each Fund may authorize separate classes of shares together with such designation of preferences, rights, voting powers, restrictions, limitations, qualifications or terms as may be determined from time to time by the Board of such Fund. The tables below set forth (i) the capitalization of BLE and MHD as of July 31, 2025 and the pro formacapitalization of the Combined Fund assuming only the BLE Reorganization was consummated as of July 31, 2025; (ii) the capitalization of BYM and MHD as of July 31, 2025 and the pro formacapitalization of the Combined Fund assuming only the BYM Reorganization was consummated as of July 31, 2025; (iii) the capitalization of BFK and MHD as of July 31, 2025 and the pro formacapitalization of the Combined Fund assuming only the BFK Reorganization was consummated as of July 31, 2025; and (iv) the capitalization of the Funds as of July 31,