Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 266

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 266
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 such companies, owns not more than 10% of the total outstanding stock of any one closed-end investment company;                                                                 |

| 2. | Mortgage, pledge, hypothecate or in any manner transfer, as security for indebtedness, any securities owned                                                                                                                                
 or held by MUE except as may be necessary in connection with borrowings mentioned in investment restriction (3) above or except as may be necessary in connection with transactions in financial futures contracts and options thereon; or |

| 3. | Purchase any securities on margin, except that MUE may obtain such short-term credit as may be necessary for                                                                                                                                           
 the clearance of purchases and sales of portfolio securities (the deposit or payment by MUE of initial or variation margin in connection with financial futures contracts and options thereon is not considered the purchase of a security on margin). |

| 4. | Make short sales of securities or maintain a short position or invest in put, call, straddle or spread                                                                                                                                                    
 options, except that MUE may write, purchase and sell options and futures on New York municipal bonds, municipal bonds, U.S. Government obligations and related indices or otherwise in connection with bona fide hedging activities and may purchase and 
 sell a New York municipal bond or municipal bond issuer’s rights to call all or a portion of such New York municipal bond or municipal bond for mandatory tender for purchase to require mandatory tender for the purchase of related New York            
 municipal bonds and municipal bonds.                                                                                                                                                                                                                      |

If a percentage restriction on the investment or use of assets set forth above is adhered to at the time a transaction is effected, later changes in percentages resulting from changing values will not be considered a violation. MUE is currently classified as a diversified fund under the 1940 Act. This means that MUE may not purchase securities of an issuer (other than (i) obligations issued or guaranteed by the U.S. government, its agencies or instrumentalities and (ii) securities of other investment companies) if, with respect to 75% of its total assets, (a) more than 5% of MUE’s total assets would be invested in securities of that issuer or (b) MUE would hold more than 10% of the outstanding voting securities of that issuer. For purposes of this restriction, MUE will regard each state and each political subdivision, agency or instrumentality of such state and each multi-state B-9

agency of which such state is a member and each public authority which issues securities on behalf of a private entity