Company: BLE
Filing Date: 2025-05-23
Form Type: 40-17G/A
Source: 0001193125-25-125615
Chunk: 24

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-05-23
Form: 40-17G/A
Chunk 24
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 replacement Securities. The indemnity required from the Assuredunder the terms of this Section against all loss, cost or expense arising from the replacement of Securitiesby the Company’s indemnity shall be:

| a. | for Securities having a value less than or equal to the applicable Deductible Amount – one hundred 
 (100%) percent;                                                                                    |

| b. | for Securities having a value in excess of the applicable Deductible Amount but within the Single Loss  
 Limit Of Liability – the percentage that the Deductible Amount bears to the value of the Securities; or |

| c. | for Securities having a value greater than the applicable Single Loss Limit Of Liability – the                                          
 percentage that the Deductible Amount and portion in excess of the Single Loss Limit Of Liability bears to the value of the Securities. |

The value referred to in Sections 11.a., b., and c. is the value in accordance with Section 14., Valuation, regardless of the value of such Securitiesat the time the loss under the Company’s indemnity is sustained. The Company is not required to issue its indemnity for any portion of a loss of Securitieswhich is not covered by this Bond, however, the Company may do so as a courtesy to the Assuredin its sole discretion. The Assuredshall pay the proportion of the Company’s premium charge for the Company’s indemnity as set forth in Sections 11.a., b., and c. No portion of the Single Loss Limit Of Liability shall be used as payment of premium for any indemnity purchased by the Assuredto obtain replacement Securities.

| 12. | Subrogation – Assignment – Recovery |

In the event of a payment under this Bond, the Company shall be subrogated to all of the Assured’srights of recovery against any person or entity to the extent of such payment. On request, the Assuredshall deliver to the Company an assignment of the Assured’srights, title and interest and causes of action against any person or entity to the extent of such payment.

| PF-52903 (08/21) |     | Page 15 of 17 |

| Financial Institution Bond 
 For Investment Companies   |

Recoveries, whether effected by the Company or by the Assured, shall be applied net of the expense of such recovery, in the following order:

| a. | first, to the satisfaction of the Assured’s covered loss which would otherwise have been paid but 
 for the fact that it is in excess of the Single Loss Limit