Company: BLE
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230217
Chunk: 59

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-10-03
Form: N-CSR
Chunk 59
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VT       |     | VMTP                | W-7    |  235,399 |
| MQT       |     | VMTP                | W-7    |  238,126 |

MVF conducted a tender offer for 2.5% of its outstanding common shares as a result of the discount trigger being met during the fifth measurement period under the discount management program. The tender offer expired on August 15, 2025 and the results are as follows:

| CommencementDate of TenderOffer 
 Period(a)                       | ValuationDate | Number of SharesTendered | Tendered Sharesas a Percentage ofOutstanding Shares | Number of TenderedShares to bePurchased | Tendered Shares to bePurchasedas a Percentage ofOutstanding Shares | Purchase Price | Total Amount ofPurchases |
| 07/15/25                        | 08/18/25      |               19,520,275 | 34.1%                                               |                               1,433,392 | 2.5%                                                               |        $6.9482 |               $9,959,494 |

| (a) | Date                           
 the tender offer period began. |

106 2025 BlackRock Annual Report to Shareholders

Report of Independent Registered Public Accounting Firm

To the Shareholders and the Board of Trustees/Directors of BlackRock Investment Quality Municipal Trust, Inc., BlackRock Municipal Income Trust, BlackRock Municipal Income Trust II, BlackRock MuniHoldings Fund, Inc., BlackRock MuniVest Fund, Inc., BlackRock MuniVest Fund II, Inc., and BlackRock MuniYield Quality Fund II, Inc.: Opinion on the Financial Statements and Financial Highlights We have audited the accompanying statements of assets and liabilities of BlackRock Investment Quality Municipal Trust, Inc., BlackRock Municipal Income Trust, BlackRock Municipal Income Trust II, BlackRock MuniHoldings Fund, Inc., BlackRock MuniVest Fund, Inc., BlackRock MuniVest Fund II, Inc., and BlackRock MuniYield Quality Fund II, Inc. (the “Funds”), including the schedules of investments, as of July 31, 2025, the related statements of operations and cash flows for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for the periods indicated in the table below, and the related notes (collectively referred to as the ”financial statements and financial highlights”).