Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 185

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 185
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ized. |

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

| (g) | Annualized. |

| (h) | 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.                                                                          |

| (i) | Calculated by subtracting the Trust’s total liabilities (not including VMTP Shares and TOBs) from the Trust’s                                        
 total assets and dividing this by the sum of the amount of TOBs and liquidation value of the VMTP Shares, and by multiplying the results by 100,000. |

| (j) | Calculated by subtracting the Trust’s total liabilities (not including VMTP Shares) from the Trust’s total       
 assets and dividing this by the liquidation value of the VMTP Shares, and by multiplying the results by 100,000. |

| (k) | Effective July 18, 2022, TOB Trust Certificates are treated as senior securities pursuant to Rule 18f-4 of the 1940 Act. Calculated by subtracting the Trust’s total liabilities (not including VMTP Shares and TOBs) from the Trust’s total assets and dividing this by the amount of TOBs, and by 
 multiplying the results by 1,000.                                                                                                                                                                                                                                                                   |

105

| MUE                                                                                               |     | Year Ended July 31, |    2018 |    |     |   |    2017 |    |     |   |    2016 |   |     |   |    2015 |   |     |   |    2014 |   |
|:--------------------------------------------------------------------------------------------------|:----|:--------------------|--------:|:---|:----|:--|--------:|:---|:----|:--|--------:|:--|:----|:--|--------:|:--|:----|:--|--------:|:--|
| Net asset value, beginning of year                                                                |     | $                   |   14.19 |    |     | $ |   15.08 |    |     | $ |   14.48 |   |     | $ |   14.42 |   |     | $ |   13.27 |   |
| Net investment income(a)                                                                          |     |                     |    0