Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 208

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 208
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” the approval of each proposal. Abstentions and broker non-votes, if any, will not be
voted.

VMTP Holders of BLE are being asked to consider Proposal 1(A) below. With respect to Proposal 1(A), abstentions and broker non-votes will be counted as shares present and will therefore have the same effect as votes “AGAINST” the proposal.

VMTP Holders of BYM are being asked to consider Proposal 1(C) below. With respect to Proposal 1(C), abstentions and broker non-votes will be counted as shares present and will therefore have the same effect as votes “AGAINST” the proposal.

VMTP Holders of BFK are being asked to consider Proposal 1(E) below. With respect to Proposal 1(E), abstentions and broker non-votes will be counted as shares present and will therefore have the same effect as votes “AGAINST” the proposal.

VMTP Holders of MUE are being asked to consider Proposal 1(G) below. With respect to Proposal 1(G), abstentions and broker non-votes will be counted as shares present and will therefore have the same effect as votes “AGAINST” the proposal.

VMTP Holders of the Acquiring Fund are being asked to consider Proposals 2(A), 2(B), 2(C) and 2(D) below. With respect to Proposals 2(A), 2(B), 2(C) and 2(D),
abstentions will be counted as “votes cast” and will

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therefore have the same effect as votes “AGAINST” the proposal and broker non-voteswill not have any effect on the result of the vote. Voting Requirement for Proposal 1: The Reorganizations of the Funds

| Proposals                                                                                                                                                                                                                                               |     | Required Approval of 
 Shareholders         |
| Proposal 1(A): The common shareholders and holders of Variable Rate Muni Term Preferred Shares (“VMTP                                                                                                                                                   
 Shares” and the holders thereof, “VMTP Holders”) of BLE are being asked to vote as a single class on a proposal to approve an Agreement and Plan of Reorganization between BLE and the Acquiring Fund (the “BLE Reorganization                          
 Agreement”) and the transactions contemplated therein, including (i) the acquisition by the Acquiring Fund of substantially all of BLE’s assets and the assumption by the Acquiring Fund of substantially all of BLE’s liabilities                      
 in exchange solely for newly issued common shares and VMTP Shares