Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 265

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 265
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 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; |

B-8

| 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 than 25% of its total assets (taken at market value at the time of each investment) in                                                                                                  
 securities of issuers in a single industry; provided, that for purposes of this restriction, states, municipalities and their political subdivisions are not considered to be part of any industry. |

For purposes of restriction (6), the exception for states, municipalities and their political subdivisions applies only to tax-exemptsecurities issued by such entities. Additional investment restrictions adopted by MUE, which may be changed by MUE’s Board without shareholder approval, provide that MUE may not:

| 1. | Purchase securities of other investment companies, except to the extent that such purchases are permitted by                                                                                                                                             
 applicable law. Applicable law currently prohibits MUE from purchasing the securities of other investment companies except if immediately thereafter not more than (i) 3% of the total outstanding voting stock of such company is owned by MUE, (ii) 5% 
 of MUE’s total assets, taken at market value, would be invested in any one such company, (iii) 10% of MUE’s total assets, taken at market value, would be invested in such securities, and (iv) MUE, together with other investment                      
 companies having the same investment adviser and companies controlled by