Company: BLE
Filing Date: 2025-05-22
Form Type: DEF 14A
Source: 0001193125-25-125142
Chunk: 32

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-05-22
Form: DEF 14A
Chunk 32
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 Enhanced International Dividend Trust (BGY), BlackRock Health Sciences Term Trust (BMEZ), BlackRock Health Sciences Trust (BME), BlackRock Science and Technology Term Trust (BSTZ), BlackRock MuniVest Fund, Inc. (MVF), BlackRock Resources & Commodities Strategy Trust (BCX), BlackRock Science and Technology Trust (BST), BlackRock Technology & Private Equity Term Trust (BTX) and BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI) (each, a “DMP Fund”) and the Advisor separately entered into a standstill agreement (each, a “DMP Fund Agreement”) with Karpus Management, Inc. (“Karpus”), pursuant to which each DMP Fund agreed to adopt a discount management program (the “Program”). Under the terms of the Program, each DMP Fund agreed to commence tender offers to repurchase 2.5% of its outstanding Common Shares, at a price per share equal to 98% of such Fund’s net asset value (“NAV”) per share, if such DMP Fund’s Common Shares traded at an average daily discount to NAV greater than 7.50% during a measurement period (each, a “Conditional Tender Offer”). Each measurement period has a three calendar month term, commencing April 1, 2024 and continuing for a period of 18 months for BlackRock MuniVest Fund, Inc. (MVF) and 12 months for each DMP Fund other than MVF. In January 2025, the Boards of BlackRock Health Sciences Term Trust (BMEZ) and BlackRock Technology & Private Equity Term Trust (BTX), respectively, approved the termination of the Program with respect to each such Fund in connection with each such Fund’s entry into a standstill agreement with Saba (as described below). The final measurement period for each DMP Fund other than MVF, BMEZ and BTX ended on March 31, 2025. During the effective period of each DMP Fund Agreement, Karpus, each DMP Fund and the Advisor agreed to be bound by the terms of the applicable DMP Fund Agreement, which include an agreement by Karpus to (1) abide by certain standstill covenants, and (2) vote its Common Shares in accordance with the recommendation of the applicable DMP Fund’s Board on all proposals submitted to shareholders. The DMP Fund Agreement of each DMP Fund will remain in effect until the earlier of (A