Company: BLE
Filing Date: 2025-08-07
Form Type: PRE 14A
Source: 0001193125-25-175555
Chunk: 256

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-08-07
Form: PRE 14A
Chunk 256
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 approval. BFK’s VMTP Shares are assigned long-term ratings by Moody’s and Fitch. In order to maintain the required ratings, BFK is required to comply with certain investment quality, diversification and other guidelines established by Moody’s and Fitch. Such guidelines may be more restrictive than the restrictions set forth above. BFK does not anticipate that such guidelines would have a material adverse effect on its ability to achieve its investment objective. Moody’s and Fitch receive fees in connection with their ratings issuances. BFK is also subject to certain covenants and requirements under the terms of the VMTP Shares and related documents. Such requirements may be more restrictive than the restrictions set forth above. BFK does not anticipate that such requirements would have a material adverse effect on its ability to achieve its investment objective. MUE The following are fundamental investment restrictions of MUE and may not be changed without the approval of the holders of a majority of MUE’s outstanding Common Stock and outstanding shares of VMTP Shares and any other Preferred Stock, voting together as a single class, and a majority of the outstanding shares of VMTP Shares and any other Preferred Stock, voting as a separate class (which for this purpose and under the 1940 Act means the lesser of (i) 67% of the shares of each class of capital stock represented at a meeting at which more than 50% of the outstanding shares of each class of capital stock are represented or (ii) more than 50% of the outstanding shares of each class of capital stock). MUE may not:

| 1. | Make investments for the purpose of exercising control or management; |

| 2. | Purchase or sell real estate, commodities or commodity contracts; provided, that MUE may invest in                                                                                                           
 securities secured by real estate or interests therein or issued by entities that invest in real estate or interests therein, and MUE may purchase and sell financial futures contracts and options thereon; |

| 3. | Issue senior securities or borrow money except as permitted by Section 18 of the 1940 Act; |

| 4. | Underwrite securities of other issuers except insofar as MUE may be deemed an underwriter under the 
 Securities Act in selling portfolio securities;                                                     |

| 5. | Make loans to other persons, except that MUE may purchase municipal bonds, municipal bonds and other debt                 
 securities and enter into repurchase agreements in accordance with its investment objective, policies and limitations; or |

| 6. | Invest more