Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 174

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 174
---
 | 151,300 |    |     | $ | 151,300 |   |     | $ | 151,300 |   |
| Asset coverage per VMTP Shares at $100,000 liquidation value, end of year                                     |     | $                     | 326,330 |    |     | $ | 335,890 |    |     | $ | 350,213 |   |     | $ | 336,529 |   |
| Borrowings outstanding, end of year (000)                                                                     |     | $                     |  67,497 |    |     | $ |  71,274 |    |     | $ |  77,130 |   |     | $ |  68,692 |   |
| Portfolio turnover rate                                                                                       |     |                       |       7 | %  |     |   |       9 | %  |     |   |       7 | % |     |   |      10 | % |

| (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. |

| (d) | 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.                                                                          |

97

The Financial Highlights table is intended to help you understand BFK’s financial performance for the periods shown. Certain information
reflects the financial results for a single common share of BFK. The total returns in the table represent the rate an investor would have earned or lost on an investment in BFK (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 Deloitte & Touche LLP, BFK’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 BFK’s Annual Report for the fiscal year ended July