Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 171

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 171
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) | Based on average common shares outstanding. |

| (b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |

| (c) | A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal 
 year-end.                                                                                                                  |

| (d) | Total returns based on market price, which can be significantly greater or less than the net asset value, may result in                                                   
 substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. |

| (e) | Not annualized. |

| (f) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |

| (g) | Annualized. |

| (h) | Includes non-recurring expenses of reorganization costs. Without these costs,                                        
 total expenses and total expenses after fees waived and/or reimbursed would have been 2.94% and 2.81%, respectively. |

| (i) | Reorganization costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, the 
 total expenses and total expenses after fees waived and/or reimbursed would have been 3.00% and 2.87%, respectively.      |

| (j) | Includes non-recurring expenses of reorganization costs. Without these costs,                                                                                                                                                                            
 total expenses, total expenses after fees waived and/or reimbursed and total expenses after fees waived and/or reimbursed and excluding interest expense, fees, and amortization of offering costs would have been 1.56%, 1.56% and 0.99%, respectively. |

| (k) | Includes non-recurring expenses of reorganization costs. Without these costs,                                                                                                                                                                            
 total expenses, total expenses after fees waived and/or reimbursed and total expenses after fees waived and/or reimbursed and excluding interest expense, fees, and amortization of offering costs would have been 2.00%, 2.00% and 0.98%, respectively. |

| (l) | Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VMTP Shares. See Note 4 and Note 10 
 of the Notes to Financial Statements for details.                                                                          |

95

| (m) | Calculated by subtracting the Fund’s total liabilities (not including VMTP Shares and TOBs) from the Fund’s                                          
 total assets