Company: BLE
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198164
Chunk: 281

Company: BLACKROCK MUNICIPAL INCOME TRUST II
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 281
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 the ‘CCC’ category. For the short-term rating category of ‘F1’, a ‘+’ may be appended. Description of Fitch’s Short-Term Ratings Assigned to Issuers and Obligations A short-term issuer or obligation rating is based in all cases on the short-term vulnerability to default of the rated entity and relates to the capacity to meet financial obligations in accordance with the documentation governing the relevant obligation. Short-term deposit ratings may be adjusted for loss severity. Short-term ratings are assigned to obligations whose initial maturity is viewed as “short term” based on market convention. Typically, this means up to 13 months for corporate, sovereign, and structured obligations and up to 36 months for obligations in U.S. public finance markets. Fitch short-term ratings are as follows:

| F1 | Highest Short-Term Credit Quality. Indicates the strongest intrinsic capacity for timely payment of financial 
 commitments; may have an added “+” to denote any exceptionally strong credit feature.                         |

| F2 | Good Short-Term Credit Quality. Good intrinsic capacity for timely payment of financial commitments. |

| F3 | Fair Short-Term Credit Quality. The intrinsic capacity for timely payment of financial commitments is 
 adequate.                                                                                             |

| B | Speculative Short-Term Credit Quality. Minimal capacity for timely payment of financial commitments, plus 
 heightened vulnerability to near term adverse changes in financial and economic conditions.               |

D-9

| C | High Short-Term Default Risk. Default is a real possibility. |

| RD | Restricted Default. Indicates an entity that has defaulted on one or more of its financial commitments, 
 although it continues to meet other financial obligations. Typically applicable to entity ratings only. |

| D | Default. Indicates a broad-based default event for an entity, or the default of a short-term obligation. |

MHD_PROXY_0825 D-10

BlackRock MuniHoldings Fund, Inc.
PO Box 43131
Providence, RI 02940-3131
EVERY VOTE IS IMPORTANT
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Vote, Sign and Mail in the enclosed Business Reply Envelope
DO NOT TEAR
PROXY BLACKROCK MUNIHOLDINGS FUND, INC.
JOINT SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD ON OCTOBER 15, 2025
PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
PREFERRED SHARES
The undersigned hereby appoints John Perlowski and Jay M. Fife,