Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 31

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 31
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XY CARD OR BY RECORDING YOUR VOTING INSTRUCTIONS BY TELEPHONE OR VIA THE INTERNET, NO MATTER HOW MANY SHARES YOU OWN.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE JOINT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON OCTOBER 15, 2025.

THE PROXY STATEMENT FOR THIS MEETING IS AVAILABLE AT:

meetnow.global/MNJNZF5

PROXY STATEMENT

Dated September 8, 2025

BLACKROCK MUNICIPAL INCOME TRUST II

BLACKROCK MUNICIPAL INCOME QUALITY TRUST

BLACKROCK MUNICIPAL INCOME TRUST

BLACKROCK MUNIHOLDINGS QUALITY FUND II, INC.

BLACKROCK MUNIHOLDINGS FUND, INC.

100 Bellevue Parkway

Wilmington, Delaware 19809

(800) 882-0052

This Proxy Statement is furnished to you as a holder of Variable Rate Muni Term Preferred Shares (“VMTP Shares” and the holders
thereof, “VMTP Holders”) of BlackRock Municipal Income Trust II (“BLE”), BlackRock Municipal Income Quality Trust (“BYM”). BlackRock Municipal Income Trust (“BFK”), BlackRock MuniHoldings Quality Fund
II, Inc. (“MUE”) and BlackRock MuniHoldings Fund, Inc. (“MHD” or the “Acquiring Fund” and collectively with BLE, BYM, BFK and MUE, the “Funds,” and each, a “Fund”), in connection with the
solicitation of proxies by each Fund’s Board of Directors/Trustees (the “Board,” the members of which are referred to as “Board Members”). Each of BLE, BYM, BFK and MUE may be referred to herein individually as a
“Target Fund” or collectively as the “Target Funds.” The proxies will be voted at the joint special meeting of the shareholders of each Fund and at any and all adjournments, postponements and delays thereof (the
“Special Meeting”). The Special Meeting will be held on October 15, 2025 at 1:30 p.m. (Eastern Time) to consider the proposals set forth below and discussed in greater detail elsewhere in this Proxy Statement. The Special Meeting
will be held in a virtual meeting format only. Shareholders will not have to travel to attend the Special Meeting but will be able to