Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 84

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 84
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perform the markets, the relevant indices or the securities selected by other funds with similar investment objectives and investment strategies. This means you may lose money.

:Shareholder activism involving closed-end funds has recently been
increasing. Shareholder activism can take many forms, including engaging in public campaigns to demand that the Acquiring Fund consider significant transactions such as a tender offer, merger or liquidation or to attempt to influence the Acquiring
Fund’s corporate governance and/or management, commencing proxy contests to attempt to elect the activists’ representatives or others to the Acquiring Fund’s Board of Directors/Trustees (the “Board”), or to seek other
actions such as a termination of the Acquiring Fund’s investment advisory contract with its current investment manager or commencing litigation. If the Acquiring Fund becomes the subject of shareholder activism, then management and the Board
may be required to divert significant resources and attention to respond to the activist and the Acquiring Fund may incur substantial costs defending against such activism if management and the Board determine that the activist’s demands are
not in the best interest of the Acquiring Fund. Further, the Acquiring Fund’s share price could be subject to significant fluctuation or otherwise be adversely affected by the events, risks and uncertainties of any shareholder activism.

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A DESCRIPTION OF THE FUNDS

BLE, BYM and BFK are each formed as a statutory trust pursuant to its Agreement and Declaration of Trust and governed by the laws of the State
of Delaware and the MUE and the Acquiring Fund are each formed as a Maryland corporation pursuant to its charter and governed by the laws of the State of Maryland. Each of BLE, BYM, BFK, MUE and the Acquiring Fund is a diversified, closed-end management investment company registered under the 1940 Act. Each Fund’s principal office is located at 100 Bellevue Parkway, Wilmington, Delaware 19809, and each Fund’s telephone number is
(800) 882-0052.

BLE was formed as a statutory trust under the laws of the State of Delaware on
June 21, 2002, and the Trust commenced operations on July 30, 2002.

BYM was formed as a statutory trust under the laws of the
State of Delaware on August 19, 2002, and the Fund commenced operations on October 31, 2002.

BFK was formed as a statutory
trust under the laws of the State of Delaware on March 30, 2001, and the Fund commenced operations on