Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 65

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 65
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 the Reorganizations will be the same as the aggregate tax basis of the shareholder’s BLE, BYM, BFK or MUE common shares surrendered in exchange therefor (reduced by any amount of tax basis allocable to a fractional Acquiring Fund 
 Common Share for which cash is received).                                                                                                                                                                                                         |

| • |     | The holding period of Acquiring Fund shares received by a shareholder of BLE, BYM, BFK and MUE pursuant to the       
 Reorganizations will include the holding period of the shareholder’s common shares surrendered in exchange therefor. |

| • |     | A shareholder of BLE, BYM, BFK and MUE that receives cash in lieu of a fractional Acquiring Fund Common Share                                                                                                                                         
 in connection with the Reorganizations will be treated as having received cash in exchange for such fractional Acquiring Fund Common Share. A BLE, BYM, BFK or MUE shareholder that receives cash in lieu of a fractional Acquiring Fund Common Share 
 will recognize capital gain or loss equal to the difference between the amount of cash deemed received for the fractional Acquiring Fund Common Share and BLE, BYM, BFK or MUE shareholder’s tax basis in BLE, BYM, BFK or MUE common shares          
 allocable to the fractional Acquiring Fund Common Share. The capital gain or loss will be a long-term capital gain or loss if BLE, BYM, BFK or MUE shareholder’s holding period for BLE, BYM, BFK or MUE common shares is more than one year as of    
 the date the Reorganizations are consummated.                                                                                                                                                                                                         |

| • |     | The Acquiring Fund’s tax basis in BLE’s, BYM’s, BFK’s and MUE’s assets received by                                                 
 the Acquiring Fund pursuant to the Reorganizations will, in each instance, equal the tax basis of such assets in the hands of BLE, |

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| BYM, BFK and MUE immediately prior to the Closing Date, and the Acquiring Fund’s holding period for such assets will, in each instance, include the period during which the assets were held 
 by BLE, BYM, BFK or MUE.                                                                                                                                                                     |

The Acquiring Fund intends to continue to be taxed under the rules applicable to regulated investment companies as defined in Section 851 of the Code, which are the same rules currently applicable to each Fund and its shareholders. None of the Funds intend to sell any assets in connection with the Reorganizations other than in the ordinary course of business.