Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 13

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 13
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 securities commonly are referred to as “high yield” or “junk” bonds.

| BLE                                                                                                                                                                                                                             |     | BYM                                                                                                                                                                                                                                   |     | BFK                                                                                                                                                                                                                                                   |     | MUE                                                                                                                                                                                                                                                |     | Acquiring                                                                                                                                                                                                                              
 Fund                                                                                                                                                                                                                                   
 (MHD)                                                                                                                                                                                                                                  |
| The Fund’s investment policies provider that, under normal market conditions, the Fund will invest at least 80% of its managed assets in investment grade quality Municipal Bonds. The Fund may invest up to 20% of its managed 
 assets in Municipal Bonds that are rated, at the time of investment, Ba/BB or B by Moody’s, S&P or Fitch or that are unrated but judged to be of comparable quality by the Investment Advisor.                                  |     | The Fund invests at least 80% of its managed assets in municipal bonds that are investment grade quality at the time of investment. The Fund may invest up to 20% of its managed assets in securities that are rated below investment 
 grade, or are considered by the Investment Advisor to be of comparable quality, at the time of purchase, subject to the Fund’s other investment policies.                                                                             |     | The Fund’s investment policies provide that, under normal market conditions, the Fund will invest at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories                    
 and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes 
 (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax) (“Municipal Bonds”). The Fund may invest up to 20% of its total assets in Municipal Bonds that are rated, at the time of           
 investment, Ba/BB or B by Moody’s, S&P or Fitch or that are unrated but judged to be of comparable quality by the Investment Advisor.                                                                                                                 |     | The Fund may invest up to 20% of its managed assets in securities that are rated below investment grade, which are securities rated at the time of purchase Ba or below by Moody’s, BB or below by S&P or Fitch, or securities                     
 determined by the Manager to be of comparable quality. Below investment grade quality is regarded as predominantly speculative with respect to the issuer’s capacity to pay interest and repay principal. Such securities commonly are referred