# EDGAR Filing Document

**Accession Number:** 0001741600
**File Stem:** 0001193125-23-030248
**Filing Date:** 2023-2
**Character Count:** 15593
**Document Hash:** f2fac236bf0d212745b007ecafbafd9c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-030248.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001193125-23-030248

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Multi-Sector Opportunities Trust II
- **CENTRAL INDEX KEY:** 0001741600
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91550
- **FILM NUMBER:** 23607053

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** (800) 882-0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Multi-Sector Opportunities Trust II
- **CENTRAL INDEX KEY:** 0001741600
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** (800) 882-0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**As filed with the Securities and Exchange Commission on February 9, 2023** 

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**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

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**SCHEDULE TO** 

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**TENDER OFFER STATEMENT** 

**Under Section 14(d)(1) or 13(e)(1) of the** 

**Securities Exchange Act of 1934** 

**(Amendment No. 1)** 

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## BlackRock Multi-Sector Opportunities Trust II
**(Name of Subject Company (Issuer))** 

**(Names of Filing Person(s) (Issuer))** 

**Common Shares of Beneficial Interest, Par Value $0.001 per share** 

**(Title of Class of Securities)** 

**09258V101** 

**(CUSIP Number of Class of Securities)** 

**John M. Perlowski** 

**BlackRock Multi-Sector Opportunities Trust II** 

**55 East 52nd Street** 

**New York, New York 10055** 

**1-800-441-7762** 

**(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Person(s))** 

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***Copies to:***

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| | |
|:---|:---|
| **Margery K. Neale, Esq.** | **Janey Ahn, Esq.** |
| **Willkie Farr & Gallagher LLP** | **BlackRock Advisors, LLC** |
| **787 Seventh Avenue** | **55 East 52nd Street** |
| **New York, New York 10019** | **New York, New York 10055** |

---

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☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which this statement relates:

☐ third-party tender offer subject to Rule 14d-1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ issuer tender offer subject to Rule 13e-4.

☐ going-private transaction subject to Rule 13e-3.

☐ amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer. ☒

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This Amendment No. 1 (this "Final Amendment") relates to the Issuer Tender Offer Statement on Schedule TO originally filed on January 9, 2023 (the "Schedule TO") by BlackRock Multi-Sector Opportunities Trust II, a closed-end management investment company organized as a Delaware statutory trust (the "Trust"), pursuant to Rule 13e-4 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in connection with an offer by the Trust (the "Offer") to repurchase 5% of its issued and outstanding common shares of beneficial interest, par value $0.001 per share (the "Shares"), in exchange for cash at a price equal to the net asset value per Share determined as of the close of the regular trading session of the New York Stock Exchange on the day the Offer expires, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated January 9, 2023 (the "Offer to Purchase"), and in the related Tender Request Form, copies of which were previously filed as Exhibits (a)(1)(i) and (a)(1)(ii), respectively, to the Schedule TO.

This is the Final Amendment to the Schedule TO and is being filed to report the results of the Offer. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Offer to Purchase or the Schedule TO.

The following information is furnished to satisfy the requirements of Rule 13e-4(c)(4) under the Exchange Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Offer expired at 4:00 p.m. Eastern time, on February 8, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Offer was undersubscribed. Therefore, in accordance with the terms of the Offer, the Trust will purchase
Shares from all tendering stockholders. 52,630 Shares of the Trust were validly tendered and not withdrawn prior to the expiration of the Offer, and all of those Shares were accepted for repurchase by the Trust in accordance with the terms of the
Offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Shares will be repurchased at a price of $72.13, the Trust's net asset value per Share as of
February 8, 2023.

Except as specifically provided herein, the information contained in the Schedule TO, the Offer to Purchase and the Tender Request Form remains unchanged and this Final Amendment does not modify any of the information previously reported in the Schedule TO, the Offer to Purchase or the Tender Request Form.

**Item 1 through Item 9 and Item 11** 

The information set forth in the Offer to Purchase and the related Tender Request Form is incorporated herein by reference into this Final Amendment in answer to Item 1 through Item 9 and Item 11 of Schedule TO.

**Item 10.** **Financial Statements** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The audited annual financial statements of the Trust dated December 31, 2021 and the schedule of investments of the Trust dated December 31, 2021, both filed with the SEC on EDGAR on Form N-CSR on March 4, 2022, are incorporated by reference. The unaudited semi-annual financial statements of the Trust dated June 30, 2022 and the schedule of investments of the Trust dated June 30, 2022, both filed with the SEC on EDGAR on Form N-CSR on September 1, 2022, are incorporated by reference. The Trust will prepare and transmit to shareholders the audited annual financial statements of the Trust and the schedule of investments of the Trust within 60 days after the close of the period for which the report is being made, or as otherwise required by the Investment Company Act of 1940.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

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| | |
|:---|:---|
| **Item 12(a).** | **Exhibits**  |

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Item 12(a) of the Schedule TO is hereby amended and supplemented to add the following exhibit:

(a)(5)(ii) [Press release issued on February 9, 2023 is filed herewith.](d457282dex99a5ii.htm)

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| | |
|:---|:---|
| **Item 12(b).** | **Filing Fee**  |

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[Filing Fee Exhibit is filed herewith.](d457282dexfilingfees.htm)

**Item 13.** **Information Required By Schedule 13E-3** <br>

Not applicable.

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**SIGNATURE** 

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | |
|:---|:---|
|  **BlackRock Multi-Sector Opportunities Trust II** | **BlackRock Multi-Sector Opportunities Trust II** |
|  By: | /s/ John M. Perlowski |
|  | Name: John M. Perlowski |
|  | Title: President and Chief Executive Officer |
|  | Dated: February 9, 2023 |

---

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**<u>Exhibit Index</u>**

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| | |
|:---|:---|
| (a)(5)(ii) | [Press release issued on February 9, 2023](d457282dex99a5ii.htm) |
|  | [Filing Fee Exhibit](d457282dexfilingfees.htm) |

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## Ex-99.(A)(5)(Ii)

**Exhibit (a)(5)(ii)**![LOGO](g457282g0210000316746.jpg)

**Contact:** 

**1-800-882-0052** 

**BlackRock Multi-Sector Opportunities Trust II** 

**Announces Final Results of Tender Offer** 

**New York, February 9, 2023** – BlackRock Multi-Sector Opportunities Trust II (the "Trust") (NASDAQ: XMSAX, CUSIP: 09258V101) today announced the final results of the Trust's tender offer (the "Tender Offer") for up to 5% of its issued and outstanding common shares (the "Shares").

The Tender Offer, which expired at 4:00 p.m. Eastern time on February 8, 2023, was undersubscribed.

Therefore, in accordance with the terms and conditions of the Tender Offer, the Trust will purchase Shares from all tendering stockholders. The final results of the Tender Offer are provided in the table below.

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| | | |
|:---|:---|:---|
| **Number of<br>Shares<br>Tendered** | **Number of<br>Tendered Shares<br>to be Purchased** | **Purchase<br>Price\*** |
| 52630 | 52630 | $72.13 |

---

\* Equal to 100% of the Trust's net asset value per Share as of February 8, 2023. 

Questions regarding the Tender Offer may be directed to your financial adviser, broker/dealer or other financial intermediary which holds your shares. If your account is held directly at BlackRock, you may contact the Trust at 1-800-882-0052, Option 4.

**Important Notice** 

This press release is for informational purposes only and shall not constitute an offer or a solicitation to buy any common shares. The offer to purchase Trust common shares was made only pursuant to an offer on Schedule TO. Common shareholders may obtain a free copy of the offer to purchase and other documents filed with the Securities and Exchange Commission (the "SEC") at the website maintained by the SEC at www.sec.gov or by directing such requests to the Trust.

**About BlackRock** 

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit <u>www.blackrock.com/corporate</u>

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**Availability of Trust Updates** 

BlackRock will update performance and certain other data for the Trust on a monthly basis on its website in the "Closed-end Funds" section of <u>www.blackrock.com</u> as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Trust. This reference to BlackRock's website is intended to allow investors public access to information regarding the Trust and does not, and is not intended to, incorporate BlackRock's website in this release.

**Forward-Looking Statements** 

This press release, and other statements that BlackRock or the Trust may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Trust's or BlackRock's future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Trust, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Trust or in the Trust's net asset value; (2) the relative and absolute investment performance of the Trust and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to the Trust or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock's ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Trust with the SEC are accessible on the SEC's website at **<u>www.sec.gov</u>** and on BlackRock's website at **<u>www.blackrock.com</u>**, and may discuss these or other factors that affect the Trust. The information contained on BlackRock's website is not a part of this press release.

## Ex-Filing

**EX-FILING FEES** 

**Calculation of Filing Fee Tables** 

**SC TO-I/A** 

(Form Type)

**BlackRock Multi-Sector Opportunities Trust II** 

(Exact Name of Registrant as Specified in its Charter)

**Table 1: Transaction Valuation** 

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| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transaction <br> Valuation | Fee<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;rate  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount of <br> Filing Fee |
| &nbsp;&nbsp;&nbsp; Fees to Be Paid |  | 0.0001102% |  |
| &nbsp;&nbsp;&nbsp; Fees Previously Paid | $4361577.84(1) |  | $480.65(2) |
| &nbsp;&nbsp;&nbsp; **Total Transaction Valuation** | $4361577.84(1) |  |  |
| &nbsp;&nbsp;&nbsp; **Total Fees Due for Filing** |  |  | $480.65 |
| &nbsp;&nbsp;&nbsp; **Total Fees Previously Paid** |  |  | $480.65 |
| &nbsp;&nbsp;&nbsp; **Total Fee Offsets** |  |  |  |
| &nbsp;&nbsp;&nbsp; **Net Fee Due** |  |  | $0 |

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(1) The transaction value is calculated as the aggregate maximum purchase price for Shares that could be purchased,
based upon the net asset value of the Trust as of January 3, 2023. The fee of $480.65 was paid in connection with the filing of the Schedule TO-I by BlackRock Multi-Sector Opportunities Trust II (File No. 005-91550) on January 9, 2023 (the "Schedule TO"). This is the final amendment to the Schedule TO and is being filed to report the results of the offer.

(2) Calculated at $110.20 per $1,000,000 of the transaction value.