Company: BLE
Filing Date: 2025-05-23
Form Type: 40-17G/A
Source: 0001193125-25-125615
Chunk: 41

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-05-23
Form: 40-17G/A
Chunk 41
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 due consideration to all factors relevant to the form, amount and ratable allocation of premiums of such
Bond, and the majority of such Directors have approved the amount, type, form and coverage of the Bond and the portion of the premium payable with respect to each Fund; and

WHEREAS, the Board has determined that the allocation of the proceeds payable under the Bond as set forth herein (which takes into account the
extent to which the share of the premium allocated to each Fund is less than the premium the Fund would have had to pay if it had provided and maintained a single insured bond) is equitable with respect to each Fund and that each Fund will benefit
from its respective participation in the Bond in compliance with this Rule.

NOW, THEREFORE, in consideration of the mutual premises and
covenants herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed by and between the Funds hereto as follows:

1. The Funds have procured from Federal, a reputable fidelity insurance company, the Bond insuring each Fund
against larceny and embezzlement of its securities and funds by such of its officers and employees who may, singly or jointly with others, have access to such securities or funds, directly or through authority to draw upon such funds or to direct
generally the disposition of such securities. The Bond names each Fund as an insured, and complies with the requirements established by Rule 17g-1 under the 1940 Act.

2. The Bond is in an amount, based upon the total assets of each Fund, equal
to or in excess of the aggregate of the minimum coverage required for each of the Funds under Rule 17g-1. The minimum coverage required for a Fund under Rule 17g-1(d)(1)
shall be referred to herein as the “Minimum Coverage Amount.”

3. Each Fund will pay the
percentage of the premium due under the Bond which is proportionate to the ratio of its Minimum Coverage Amount to the aggregate amount of the Minimum Coverage Amounts for all of the Funds.

4.

(a) In the event any recovery under the Bond is received as a result of a loss sustained by any of the Funds, then each Fund
sustaining such loss shall receive an equitable and proportionate share of the recovery, said proportion to be established by the ratio that the claim bears to the total amount claimed by all participants, but at least equal to the amount which each
such Fund would have received had it provided and maintained