Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 71

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 71
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 requisite shareholders, prior to the Closing Date of the Reorganizations, it is expected that BLE, BYM, BFK and MUE will issue VMTP Shares with terms 30

substantially identical to the terms of the Acquiring Fund VMTP Shares and use the proceeds from such issuance to redeem all of the outstanding VMTP Shares of BLE, BYM, BFK and MUE, respectively.

In connection with the Reorganizations, the Acquiring Fund expects to issue 1,741 additional VMTP Shares to BLE, 976 additional VMTP
Shares to BYM, 1,541 additional VMTP Shares to BFK and 780 additional VMTP Shares to MUE VMTP Holders. Following the completion of the Reorganizations, the Combined Fund is expected to have 7,178 VMTP Shares outstanding. Assuming all of the
Reorganizations are approved by the requisite shareholders, upon the Closing Date of the Reorganizations, BLE, BYM, BFK and MUE will each receive newly issued Acquiring Fund VMTP Share, par value $0.10 per share and with a liquidation preference of
$100,000 per share (plus an amount equivalent to any accumulated and unpaid dividends that have accrued on the BLE, BYM, BFK or MUE VMTP Shares up to and including the day immediately preceding the Closing Date of the Reorganizations if such
dividends have not been paid prior to the Closing Date), in such number equal to the issued and outstanding VMTP Shares of each of BLE, BYM, BFK or MUE VMTP immediately prior to the Closing Date, and such newly issued Acquiring Fund VMTP Shares will
the be distributed to the BLE, BYM, BFK or MUE VMTP Holders, pro rata. The newly issued Acquiring Fund VMTP Shares may be of the same series as the Acquiring Fund’s outstanding VMTP Shares or a substantially identical series. The newly issued
Acquiring Fund VMTP Shares may be of the same series as the Acquiring Fund’s outstanding VMTP Shares or a substantially identical series. No fractional Acquiring Fund VMTP Shares will be issued. The terms of the Acquiring Fund VMTP Shares to
be issued in connection with the Reorganizations will be substantially identical to the terms of the Acquiring Fund’s outstanding VMTP Shares and will rank on parity with the Acquiring Fund’s outstanding VMTP Shares as to the payment of
dividends and the distribution of assets upon dissolution, liquidation or