Company: BLE
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074469
Chunk: 18

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 18
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 of total investments.                                                                                            |

14 2025 BlackRock Semi-Annual Report to Shareholders

Fund Summary as of January 31, 2025 BlackRock MuniVest Fund II, Inc. (MVT)

Investment Objective BlackRock MuniVest Fund II, Inc. ’ s ( MVT ) (the “ Fund ”) investment objective is to provide shareholders with as high a level of current income exempt from U.S. federal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from U.S. federal income taxes (except that the interest may be subject to the U.S. federal alternative minimum tax). The Fund invests, under normal market conditions, at least 75% of its assets in municipal bonds rated investment grade or, if unrated, are deemed to be of comparable quality by the investment adviser at the time of investment and invests primarily in long-term municipal bonds with a maturity of more than ten years at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. No assurance can be given that the Fund’s investment objective will be achieved. Fund Information

| Symbol on New York Stock Exchange                                
 Initial Offering Date                                            
 Yield on Closing Market Price as of January 31, 2025 ($10.73)(a) |            MVT 
 March 29, 1993 
          6.04% |
|:-----------------------------------------------------------------|---------------:|
| Tax Equivalent Yield(b)                                          |         10.20% |
| Current Monthly Distribution per Common Share(c)                 |      $0.054000 |
| Current Annualized Distribution per Common Share(c)              |      $0.648000 |
| Leverage as of January 31, 2025(d)                               |            35% |

| (a) | Yield on closing market price is calculated by dividing the current annualized distribution per share by the closing market price. Past performance is not an indication of future results.                                                                                                                                                                                                                                                                                   |
| (b) | Tax equivalent yield assumes the maximum marginal U.S. federal tax rate of 40.8%, which includes the 3.8% Medicare tax. Actual tax rates will vary based on income, exemptions anddeductions. Lower taxes will result in lower tax equivalent yields.                                                                                                                                                                                                                         |
| (c) | The distribution rate is not constant and is subject to change.