Company: BLE
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230217
Chunk: 32

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-10-03
Form: N-CSR
Chunk 32
---
 Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate                                                         
 currentlyin effect.                                                                                                                                                                                                                   |
| (h) | When-issued security.                                                                                                                                                                                                                 |
| (i) | Represent bonds transferred to a TOB Trust in exchange of cash and residual certificatesreceived by the Fund. These bonds serve as collateral in a secured borrowing. See Note 4of the Notes to Financial Statements for details.     |
| (j) | All or a portion of the security is subject to a recourse agreement. The aggregatemaximum potential amount the Fund could ultimately be required to pay under theagreements, which expire between July 1, 2031 to October 1, 2042, is 
 $22,896,962. SeeNote 4 of the Notes to Financial Statements for                                                                                                                                                                       
 details.                                                                                                                                                                                                                              |
| (k) | Affiliate of the Fund.                                                                                                                                                                                                                |
| (l) | Annualized 7-day yield as of period end.                                                                                                                                                                                              |

68 2025 BlackRock Annual Report to Shareholders

Schedule of Investments (continued) July 31, 2025 BlackRock MuniVest Fund II, Inc. (MVT)

Affiliates Investments in issuers considered to be affiliate(s) of the Fund during the year ended July 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

| Affiliated Issuer                                         | Value at07/31/24 | Purchasesat Cost | Proceedsfrom Sales | NetRealizedGain (Loss) | Change inUnrealizedAppreciation(Depreciation) | Value at07/31/25 | SharesHeld at07/31/25 |   Income | Capital GainDistributionsfromUnderlyingFunds |
| BlackRock Liquidity Funds, MuniCash, Institutional Shares |       $6,544,928 | $—               | $(831,676)(a)      |                   $224 | $(223)                                        |       $5,713,253 |             5,712,681 | $166,096 | $—                                           |

| (a) | Represents net amount purchased (sold). |

Fair Value Hierarchy as of Period End Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and