Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 20

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 20
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 with the 
 Reorganizations?                                                                           |

A: You will pay no sales loads or commissions in connection with the Reorganizations. Regardless of whether the Reorganizations are completed, however, the costs associated with the Reorganizations, including the costs associated with the Special Meeting, will be borne directly by each of the respective Funds incurring the expense as discussed more fully in the Proxy Statement. Common shareholders of each Fund will indirectly bear all or a portion of the costs of the Reorganizations. The expenses of the Reorganizations of BLE, BYM, BFK, MUE and the Acquiring Fund are estimated to be approximately $432,000, $321,000, $339,000, $223,000 and $239,000, respectively, of which the Investment Advisor will bear approximately $86,000, $0, $0, $0 and $0, respectively. The actual costs associated with the Reorganizations may be more or less than the estimated costs discussed herein. VMTP Holders are not expected to bear any costs of the Reorganizations. Neither the Funds nor the Investment Advisor will pay any direct expenses of shareholders arising out of or in connection with the Reorganizations ( e.g., expenses incurred by the shareholder as a result of attending the Special Meeting, voting on the Reorganizations or other action taken by the shareholder in connection with the Reorganizations). x

| Q: | What shareholder approvals are required to complete the Reorganizations? |

| A: | The BLE Reorganization is contingent upon the following approvals: |

| 1. | The approval of the BLE Reorganization Agreement and the transactions contemplated therein, including the                                                                   
 termination of BLE’s registration under the 1940 Act and the dissolution of BLE under Delaware law, by BLE’s common shareholders and VMTP Holders voting as a single class; |

| 2. | The approval of the BLE Reorganization Agreement and the transactions contemplated therein, including the                                             
 termination of BLE’s registration under the 1940 Act and the dissolution of BLE under Delaware law, by BLE’s VMTP Holders voting as a separate class; |

| 3. | The approval of the BLE Reorganization Agreement and the transactions contemplated therein, including                                                                             
 amendments to MHD Articles Supplementary in connection with the issuance of additional Acquiring Fund VMTP Shares, by Acquiring Fund VMTP Holders voting as a separate class; and |

| 4. | The approval of the Issuance with respect to the BLE Reorganization by the Acquiring Fund’s common 
 shareholders and