Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 172

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 172
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 and dividing this by the sum of the amount of TOBs and liquidation value of the VMTP Shares, and by multiplying the results by 100,000. |

| (n) | Calculated by subtracting the Fund’s total liabilities (not including VMTP Shares) from the Fund’s total assets 
 and dividing this by the liquidation value of the VMTP Shares, and by multiplying the results by 100,000.       |

| (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 including VMTP Shares and TOBs) from the Fund’s total assets and dividing this by the amount of TOBs, and by multiplying 
 the results by 1,000                                                                                                                                                                                                                                                                                          |

96

| BLE                                                                                                           |     | Year Ended August 31, |    2018 |    |     |   |    2017 |    |     |   |    2016 |   |     |   |    2015 |   |
|:--------------------------------------------------------------------------------------------------------------|:----|:----------------------|--------:|:---|:----|:--|--------:|:---|:----|:--|--------:|:--|:----|:--|--------:|:--|
| Net asset value, beginning of year                                                                            |     | $                     |   15.17 |    |     | $ |   16.12 |    |     | $ |   15.25 |   |     | $ |   15.48 |   |
| Net investment income(a)                                                                                      |     |                       |    0.76 |    |     |   |    0.83 |    |     |   |    0.93 |   |     |   |    0.92 |   |
| Net realized and unrealized gain (loss)                                                                       |     |                       |   (0.60 | )  |     |   |   (0.89 | )  |     |   |    0.87 |   |     |   |   (0.19 | ) |
| Net increase (decrease) from investment operations                                                            |     |                       |    0.16 |    |     |   |   (0.06 | )  |     |   |    1