Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 180

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 180
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 | $                   |  48,546 |    |     | $ |  62,841 |    |     | $ |  57,549 |   |     | $ |  51,795 |   |     | $ |  52,497 |   |
| Portfolio turnover rate                                                                           |     |                     |      21 | %  |     |   |      19 | %  |     |   |      15 | % |     |   |      13 | % |     |   |      28 | % |

| (a) | Based on average common shares outstanding. |

| (b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |

| (c) | Total returns based on market price, which can be significantly greater or less than the net asset value, may result in                                                   
 substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. |

107

The Financial Highlights table is intended to help you understand the Acquiring Fund’s financial performance for the periods shown.
Certain information reflects the financial results for a single common share of the Acquiring Fund. The total returns in the table represent the rate an investor would have earned or lost on an investment in the Acquiring Fund (assuming reinvestment
of all dividends and/or distributions, if applicable). The information for the six month period ended January 31, 2025 is unaudited. The information for the remaining periods has been audited by [●], the Acquiring Fund’s independent
registered public accounting firm. Financial statements for the fiscal year ended July 31, 2024 and the Report of the Independent Registered Public Accounting Firm thereon appear in the Acquiring Fund’s Annual Report for the fiscal year
ended July 31, 2024, and financial statements for the six-month period ended January 31, 2025 appear in the Acquiring Fund’s most recent Semi-Annual Report, each of which is available upon
request.

Please see next page for Financial Highlights Table

108

|                                                                             |     | MHD                  
 Six Months Ended     
 01/31/25 (unaudited) |         |            |     | Year Ended 
 07/31/24   |         |      |     | Year Ended 
 07/31/23   |         |    |     | Period from 
 05/01/22    
 to