Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 164

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 164
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The following example is intended to help you compare the costs of investing in the common shares of the Combined Fund pro formaif (i) only the MUE Reorganization is completed and (ii) all of the Reorganizations are completed with the costs of investing in BLE, BYM, BFK, MUE and the Acquiring Fund without the Reorganizations. An investor in common shares would pay the following expenses on a $1,000 investment, assuming (1) the “Total Annual Fund Operating Expenses” for each Fund set forth in the total expenses table above and (2) a 5% annual return throughout the period:

|     |     | 1 Year |    |     | 3 Years |    |     | 5 Years |     |     | 10 Years |     |
|:----|:----|:-------|---:|:----|:--------|---:|:----|:--------|----:|:----|:---------|----:|
| BLE |     | $      | 23 |     | $       | 72 |     | $       | 123 |     | $        | 264 |
| BYM |     | $      | 24 |     | $       | 73 |     | $       | 126 |     | $        | 269 |

90

|                                                          |     | 1 Year |    |     | 3 Years |    |     | 5 Years |     |     | 10 Years |     |
|:---------------------------------------------------------|:----|:-------|---:|:----|:--------|---:|:----|:--------|----:|:----|:---------|----:|
| BFK                                                      |     | $      | 25 |     | $       | 77 |     | $       | 131 |     | $        | 280 |
| MUE                                                      |     | $      | 24 |     | $       | 75 |     | $       | 128 |     | $        | 273 |
| Acquiring Fund (MHD)                                     |     | $      | 23 |     | $       | 72 |     | $       | 124 |     | $        | 265 |
| Pro forma Combined Fund (MUE into MHD)                   |     | $      | 23 |     | $       | 72 |     | $       | 124 |     | $        |