Company: BLE
Filing Date: 2025-05-22
Form Type: DEF 14A
Source: 0001193125-25-125142
Chunk: 20

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-05-22
Form: DEF 14A
Chunk 20
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 of responsibility among Committees and the Boards to enhance oversight. The Boards decided to separate the roles of Chief Executive Officer from the Chair because they believe that having an independent Chair:

| • |     | increases the independent oversight of the Funds and enhances the Boards’ objective evaluation of the Chief Executive Officer; |

| • |     | allows the Chief Executive Officer to focus on the Funds’ operations instead of Board administration; |

| • |     | provides greater opportunities for direct and independent communication between shareholders and the Boards; and |

| • |     | provides independent spokespersons for the Funds. |

The Boards have engaged the Advisor to manage the Funds on a day-to-daybasis. Each Board is responsible for overseeing the Advisor, other service providers, the operations of each Fund and associated risks in accordance with the provisions of the 1940 Act, state law, other applicable laws, each Fund’s charter, and each Fund’s investment objective(s) and strategies. The Boards review, on an ongoing basis, the Funds’ performance, operations, and investment strategies and techniques. The Boards also conduct reviews of the Advisor and its role in running the operations of the Funds. Day-to-dayrisk management with respect to the Funds is the responsibility of the Advisor or other service providers (depending on the nature of the risk), subject to the supervision of the Advisor. The Funds are subject to a number of risks, including investment, compliance, operational and valuation risks, among others. While there are a number of risk management functions performed by the Advisor or other service providers, as applicable, it is not possible to eliminate all of the risks applicable to the Funds. Risk oversight is part of the Boards’ general oversight of the Funds and is addressed as part of various Board and Committee activities. The Boards, directly or through Committees, also review reports from, among others, management, the independent registered public accounting firm for the Funds, the Advisor, and internal auditors for the Advisor or its affiliates, as appropriate, regarding risks faced by the Funds and management’s or the service providers’ risk functions. The Committee system facilitates the timely and efficient consideration of matters by the Board Members and facilitates effective oversight of compliance with legal and regulatory requirements and of the Funds’ activities and associated risks. The Boards have approved the appointment of a Chief Compliance Officer, who oversees the implementation and testing of the Funds’ compliance program and reports regularly to the Boards regarding compliance matters for the Funds and their service providers. The Independent Board Members have engaged independent legal counsel to assist them in performing their oversight responsibilities. 19