M&A - BLACKROCK MUNICIPAL INCOME TRUST II

Form Type: 425

Filing Date: 2025-06-09

Corporate Action: Merger

Type: New

Accession Number: 000119312525137835

Filing Summary: On June 9, 2025, BlackRock Advisors, LLC announced the approval from the Boards of Directors/Trustees of multiple closed-end funds, including BlackRock Municipal Income Trust II (BLE), for a series of reorganizations and mergers aimed at enhancing scale benefits for municipal CEF shareholders. The reorganizations will include the merging of several funds into others, including but not limited to: BlackRock Long-Term Municipal Advantage Trust with BlackRock MuniAssets Fund; BlackRock California Municipal Income Trust with BlackRock MuniHoldings California Quality Fund; and multiple New York and quality municipal funds into BlackRock MuniYield Quality Fund. The shareholder meeting for these mergers has been scheduled for October 15, 2025, and the completion of the mergers will be contingent upon necessary approvals from shareholders and customary closing conditions.

Form Type: 425

Filing Date: 2025-01-21

Corporate Action: Merger

Type: New

Accession Number: 000119312525009606

Filing Summary: On January 21, 2025, BlackRock Advisors, LLC announced that the Boards of Directors/Trustees of certain closed-end funds have approved reorganizations involving BlackRock Municipal Income Trust II (NYSE: BLE) among others. The approved reorganizations will see these funds merge into BlackRock MuniHoldings Fund, Inc. (NYSE: MHD), with MHD continuing as the surviving entity. Other reorganizations include BlackRock Investment Quality Municipal Trust, Inc. merging into BlackRock MuniYield Quality Fund, Inc. and BlackRock Long-Term Municipal Advantage Trust merging into BlackRock MuniAssets Fund, Inc. These changes are intended to benefit shareholders through potential reductions in expenses, increased income, improved after-tax yields, and better market trading conditions. The reorganizations are expected to be completed in the third quarter of 2025, pending necessary approvals from shareholders and other closing conditions.