Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 191

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 191
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. As a result, a schedule of investments of each Target Fund modified to show the effects
of the change is not required and is not included. Notwithstanding the foregoing, changes may be made to each Target Fund’s portfolio in advance of the Reorganization and/or the Acquiring Fund’s portfolio following the Reorganization.

There are no material differences in the accounting, taxation and valuation policies of each Target Fund as compared to those of the Acquiring Fund.

110

CERTAIN PROVISIONS OF THE CHARTERS AND BYLAWS Certain Provisions of the Charter and Bylaws of the Acquiring Fund The Acquiring Fund’s Charter includes provisions that could have the effect of limiting the ability of other entities or persons to acquire control of the Fund or to change the composition of its Board and could have the effect of depriving Common Stockholders of an opportunity to sell their shares at a premium over prevailing market prices by discouraging a third-party from seeking to obtain control of the Acquiring Fund. A Director may be removed from office with or without cause but only by vote of the holders of at least 66 2/3% of the shares entitled to vote in an election to fill that directorship. A director elected by all of the holders of capital stock may be removed only by action of such holders, and a director elected by the holders of Preferred Stock may be removed only by action of the holders of Preferred Stock. In addition, the Charter requires the favorable vote of the holders of at least 66 2/3% of the Acquiring Fund’s shares to approve, adopt or authorize the following:

| ● |     | a merger or consolidation or statutory share exchange of the Acquiring Fund with any other corporation; |

| ● |     | a sale of all or substantially all of the Acquiring Fund’s assets (other than in the regular course of 
 the Acquiring Fund’s investment activities); or                                                        |

| ● |     | a liquidation or dissolution of the Acquiring Fund; |

unless such action has been approved, adopted or authorized by the affirmative vote of at least two-thirdsof the total number of Directors fixed in accordance with the Bylaws, in which case the affirmative vote of a majority of the Acquiring Fund’s shares of capital stock is required. The approval, adoption or authorization of the foregoing also requires the favorable vote of a majority of the Acquiring Fund’s outstanding Preferred Stock (as defined in the 1940 Act), then entitled to be voted, voting as a separate class. The Charter and By