Company: BLE
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230217
Chunk: 31

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-10-03
Form: N-CSR
Chunk 31
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 (i) | Represent bonds transferred to a TOB Trust in exchange of cash and residual certificatesreceived by the Fund. These bonds serve as collateral in a secured borrowing. SeeNote 4 of the Notes to Financial Statements for details. |

| (j) | All or a portion of the security is subject to a recourse agreement. The aggregatemaximum potential amount the Fund could ultimately be required to pay under theagreements, which expire between December 15, 2032 to June 1, 2046, is 
 $9,963,489.See Note 4 of the Notes to Financial Statements for                                                                                                                                                                          
 details.                                                                                                                                                                                                                                |
| (k) | Security is collateralized by municipal bonds or U.S. Treasury obligations.                                                                                                                                                             |
| (l) | Affiliate of the Fund.                                                                                                                                                                                                                  |
| (m) | Annualized 7-day yield as of period end.                                                                                                                                                                                                |

Affiliates Investments in issuers considered to be affiliate(s) of the Fund during the year ended July 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

| Affiliated Issuer                                         | Value at07/31/24 | Purchasesat Cost | Proceedsfrom Sales | NetRealizedGain (Loss) | Change inUnrealizedAppreciation(Depreciation) | Value at07/31/25 | SharesHeld at07/31/25 |   Income | Capital GainDistributionsfromUnderlyingFunds |
| BlackRock Liquidity Funds, MuniCash, Institutional Shares |         $500,584 | $7,328,502(a)    | $—                 | $—                     | $—                                            |       $7,829,086 |             7,828,303 | $267,872 | $—                                           |

| (a) | Represents net amount purchased (sold). |

Derivative Financial Instruments Categorized by Risk Exposure For the period ended July 31, 2025, the effect of derivative financial instruments in the Statements of Operations was as follows:

|                                | CommodityContracts | CreditContracts | EquityContracts | ForeignCurrencyExchangeContracts | InterestRateContracts | OtherContracts | Total      |
| Net Realized Gain (Loss) from: |                    |                 |                 |                                  |                       |                |            |
| Futures contracts              | $—                 | $—              | $—              | $—                               | $(417