Company: BLE
Filing Date: 2025-05-22
Form Type: DEF 14A
Source: 0001193125-25-125142
Chunk: 34

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-05-22
Form: DEF 14A
Chunk 34
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 Trust (BSTZ), withdraw the shareholder proposal previously submitted for consideration at such Fund’s 2025 annual meeting of shareholders, and (3) vote its Common Shares, if any, in accordance with the recommendation of such Fund’s Board on all matters submitted to shareholders. Each such standstill agreement will remain in effect until the day following completion of the applicable Fund’s 2027 annual meeting of shareholders or August 31, 2027, whichever is earlier, unless the agreement is terminated earlier by the parties. On January 20, 2025, BlackRock Health Sciences Term Trust (BMEZ) and the Advisor entered into a standstill agreement with Saba, pursuant to which the Fund agreed to commence a tender offer to repurchase 40% of the Fund’s outstanding Common Shares, at a price per share equal to 99.5% of the net asset value determined following the expiration of the tender offer. During the effective period of the standstill agreement, Saba, the Fund and the Advisor agreed to be bound by the terms of such agreement, which include an agreement by Saba to (1) abide by certain customary standstill covenants, (2) withdraw the shareholder proposal previously submitted for consideration at the Fund’s 2025 annual meeting of shareholders, and (3) vote its Common Shares, if any, in accordance with the recommendation of the Fund’s Board on all matters submitted to shareholders. Such standstill agreement will remain in effect until the earlier of (A) the day following completion of the Fund’s 2027 annual meeting of shareholders or August 31, 2027, whichever is later (B) such date that the Fund determines not to conduct or discontinue the tender offer required pursuant to the terms of the standstill agreement, and (C) August 18, 2025, if the date by which the Fund shall pay for any of the Common Shares tendered in the applicable tender offer has not occurred on or prior to that date for any reason, unless the agreement is terminated earlier by the parties. On January 20, 2025, BlackRock Technology & Private Equity Term Trust (BTX) and the Advisor entered into a standstill agreement with Saba, pursuant to which the Fund agreed to commence a tender offer to repurchase 50% of the Fund’s outstanding Common Shares, at a price per share equal to 99.5% of the net asset value determined following the expiration of the tender offer. During the effective period of each such standstill agreement