Company: BLE
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074469
Chunk: 37

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 37
---
 waived and/or reimbursed would have been 3.07% and 2.96%,respectively.                                                                                                                                                                                    |
| (k) | Audit and printing costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, the total expenses, total expenses after fees waived and/or reimbursedand total expenses after fees waived and/or reimbursed and excluding interest expense, fees and amortization of offering costs would have been 2.38%, 2.37% and 1.04%, respectively. |
| (l) | Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VMTP Shares. See Note 4 and Note 10 of the Notes to Financial Statements for details.                                                                                                                                                                                                         |
| (m) | Calculated by subtracting the Fund’s total liabilities (not including VMTPShares and TOBs) from the Fund’s total assets and dividing this by the sum of the amount of TOBs and liquidation value                                                                                                                                                                                     
 of the VMTPShares, and by multiplying the results by 100,000.                                                                                                                                                                                                                                                                                                                        |
| (n) | Calculated by subtracting the Fund’s total liabilities (not including VMTPShares) from the Fund’s total assets and dividing this by the liquidation value of the VMTPShares, and by multiplyingthe results by 100,000.                                                                                                                                                               |

84 2025 BlackRock Semi-Annual Report to Shareholders

Financial Highlights (continued) (For a share outstanding throughout each period)

| (o) | Effective July 18, 2022, TOB Trust Certificates are treated as senior securities pursuant to Rule 18f-4 of the 1940 Act. Calculated by subtracting the Fund’s total liabilities (not includingVMTPShares and TOBs) from the Fund’s total assets and dividing this by the amount of TOBs, and by multiplying the results by 1,000. |

See notes to financial statements.

Financial Highlights 85

Financial Highlights (continued) (For a share outstanding throughout each period)

|                                                                                                                                                   |                                 BFK |                    |                    |                                |                    |                    |                    |
|                                                                                                                                                   | Six Months Ended01/31/25(unaudited) | Year Ended07/31/24 | Year Ended07/31/23 | Period from05/01/22to 07/31/22 | Year Ended04/30/22 | Year Ended04/30/21 | Year Ended04/