Company: BLE
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074469
Chunk: 63

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 63
---
, voting as a separate class, to (a) adopt any plan

104 2025 BlackRock Semi-Annual Report to Shareholders

Notes to Financial Statements (unaudited) (continued)

of reorganization that would adversely affect the Preferred Shares, (b) change a Fund ’ s sub-classification as a closed-end investment company or change its fundamental investment restrictions or (c) change its business so as to cease to be an investment company.

VMTP Shares

Each Fund (for purposes of this section, each a “VMTP Fund”) has issued Series W-7 VMTP Shares, $100,000 liquidation preference per share, in one or more privately negotiated offerings to qualified institutional buyers as defined pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The VMTP Shares are subject to certain restrictions on transfer, and a VMTP Fund may also be required to register its VMTP Shares for sale under the Securities Act under certain circumstances. As of period end, the VMTP Shares outstanding and assigned long-term ratings were as follows:

| Fund Name | IssueDate | SharesIssued | AggregatePrincipal | TermRedemptionDate | Moody’sRating | FitchRating |
| BKN       | 12/20/23  |          678 |        $67,800,000 | 07/02/26           | Aa1           | AA          |
| BFK       | 12/20/23  |        1,541 |        154,100,000 | 07/02/26           | Aa1           | AA          |
| BLE       | 12/20/23  |        1,741 |        174,100,000 | 07/02/26           | Aa1           | AA          |
| MHD       | 12/20/23  |        2,140 |        214,000,000 | 07/02/26           | Aa1           | AA          |
| MVF       | 12/20/23  |        1,536 |        153,600,000 | 07/02/26           | Aa1           | AA          |
| MVT       | 12/20/23  |          777 |         77,700,000 | 07/02/26           | Aa1           | AA          |
| MQT       | 12