Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 1

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 1
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BLACKROCK MUNIHOLDINGS FUND, INC.

BLACKROCK MUNICIPAL INCOME TRUST II

BLACKROCK MUNICIPAL INCOME QUALITY TRUST

BLACKROCK MUNIHOLDINGS QUALITY FUND II, INC.

BLACKROCK MUNICIPAL INCOME TRUST

100 Bellevue Parkway

Wilmington, Delaware 19809

(800) 882-0052

[●], 2025

Dear Preferred
Shareholder:

You are cordially invited to attend a joint special shareholder meeting (the “Special Meeting”) of BlackRock
Municipal Income Trust II (“BLE”), BlackRock Municipal Income Quality Trust (“BYM”), BlackRock Municipal Income Trust (“BFK”), BlackRock MuniHoldings Quality Fund II, Inc. (“MUE”) and BlackRock MuniHoldings
Fund, Inc. (“MHD” or the “Acquiring Fund” and collectively with BLE, BYM, BFK and MUE, the “Funds,” and each, a “Fund”), to be held on October 15, 2025 at [●] (Eastern Time). The Special Meeting
will be held in a virtual meeting format only. Shareholders will not have to travel to attend the Special Meeting, but will be able to view the Special Meeting live, have a meaningful opportunity to participate, including the ability to ask
questions of management, and cast their votes by accessing a web link. Before the Special Meeting, I would like to provide you with additional background information and ask for your vote on important proposals affecting the Funds.

Preferred Shareholders of BLE: You and the common shareholders of BLE are being asked to vote as a single class on a proposal to
approve an Agreement and Plan of Reorganization between BLE and the Acquiring Fund (the “BLE Reorganization Agreement”) and the transactions contemplated therein, including the termination of BLE’s registration under the Investment
Company Act of 1940, as amended (the “1940 Act”), and the dissolution of BLE under Delaware law (the “BLE Reorganization”). The Acquiring Fund has a similar investment objective and similar investment strategies, policies and
restrictions as BLE, although there are some differences. In addition, you are being asked to vote as a separate class on a proposal to approve the BLE Reorganization Agreement and the BLE Reorganization.

Preferred Shareholders of BYM: You and the common shareholders of BYM are being asked to vote as