Company: BLE
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230217
Chunk: 33

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-10-03
Form: N-CSR
Chunk 33
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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 |         $604,235 | $4,357,259(a)    | $—                 |                    $66 | $(29)                                         |       $4,961,531 |             4,961,035 | $88,875 | $—                                           |

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

76 2025 BlackRock Annual Report to Shareholders

Schedule of Investments (continued) July 31, 2025 BlackRock MuniYield Quality Fund II, Inc. (MQT)

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                                        | $—                 | $—              | $—              | $—                               |            $(715,850) | $—             | $(715,850) |
| Net Change in Unrealized Appreciation (Depreciation) on: |                    |                 |                 |                                  |                       |                |            |
| Futures contracts                                        | $—                 | $—              | $—              | $—                               |              $300,967 | $—             |   $300,967 |

Average Quarterly Balances of Outstanding Derivative Financial Instruments

| Futures contracts:                          |            |
| Average notional value of contracts — short | $2,943,026 |

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements