Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 182

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 182
---
 248,646 |   |     | $ | 238,113 |    |
| VMTP Shares outstanding at $100,000 liquidation value, end of year (000)                                    |     | $                    |  83,700 |    |     | $ |  83,700 |    |     | $ |  83,700 |   |     | $ |  83,700 |   |     | $ |  83,700 |    |
| Asset coverage per VMTP Shares at $100,000 liquidation value, end of year                                   |     | $                    | 378,281 |    |     | $ | 385,166 |    |     | $ | 403,302 |   |     | $ | 397,068 |   |     | $ | 384,484 |    |
| Borrowings outstanding, end of year (000)                                                                   |     | $                    |  63,166 |    |     | $ |  62,233 |    |     | $ |  60,289 |   |     | $ |  56,784 |   |     | $ |  60,238 |    |
| Portfolio turnover rate                                                                                     |     |                      |      12 | %  |     |   |       9 | %  |     |   |       7 | % |     |   |      11 | % |     |   |      20 | %  |

| (a) | Based on average common shares outstanding. |

| (b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |

| (c) | Total returns based on market price, which can be significantly greater or less than the net asset value, may result in                                                   
 substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. |

| (d) | Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VMTP Shares. See Note 4 and Note 10 
 of the Notes to Financial Statements for details.                                                                          |

111

FINANCIAL STATEMENTS

[The financial statements of the Acquiring Fund for the fiscal year ended July 31, 2024 are incorporated by reference herein to the
Acquiring Fund’s annual report filed on Form N-CSR on July 31, 2024.

The