Company: BLE
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074469
Chunk: 23

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 23
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 years.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (d) | For purposes of this report, credit quality ratings shown above reflect the highest rating assigned by either S&P Global Ratings or Moody’s Investors Service, Inc. if ratings differ. These ratingagencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment graderatings are credit ratings of BB/Ba or lower. Investments designated N/R are not rated by either rating agency. Unrated investments do not necessarily indicate low credit quality. Credit qualityratings are subject to change. |
| (e) | The investment adviser evaluates the credit quality of unrated investments based upon certain factors including, but not limited to, credit ratings for similar investments and financial analysis ofsectors and individual investments. Using this approach, the investment adviser has deemed certain of these unrated securities as investment grade quality. As of January 31, 2025, the marketvalue of unrated securities deemed by the investment adviser to be investment grade represents less than 1.0% of total investments.                                                                                            |

18 2025 BlackRock Semi-Annual Report to Shareholders

Schedule of Investments (unaudited) January 31, 2025 BlackRock Investment Quality Municipal Trust, Inc. (BKN) (Percentages shown are based on Net Assets)

| Security                                                                                                   
 Municipal Bonds                                                                                            
 Alabama — 4.5%                                                                                             
 Black Belt Energy Gas District, RB(a)                                                                      |   | Par(000) |      Value |
|:-----------------------------------------------------------------------------------------------------------|:--|---------:|-----------:|
| Series A, 5.25%, 01/01/54                                                                                  | $ |      760 |   $809,116 |
| Series A, 5.25%, 05/01/55                                                                                  |   |      405 |    430,223 |
| Series D, 5.00%, 03/01/55                                                                                  |   |    1,405 |  1,498,982 |
| Series F, 5.50%, 11/01/53                                                                                  |   |      735 |    774,454 |
| County of Jefferson Alabama Sewer Revenue, RefundingRB, 5.50%, 10/01/53                                    |   |    1,505 |  1,617,267 |
| Energy Southeast A Cooperative District, RB, Series B,5.25%, 07/