# BLACKROCK MUNICIPAL INCOME TRUST II — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_29e6407ac414fe612c25 · retrieved 2026-08-11T16:16:33.489Z

## Overview
BlackRock Advisors, LLC manages closed-end municipal income funds that invest in municipal bonds and seek to provide tax-exempt income to shareholders.

BlackRock Advisors, LLC announced the completion of reorganizations of seven closed-end municipal funds into three acquiring funds. BlackRock California Municipal Income Trust (BFZ) reorganized into BlackRock MuniHoldings California Quality Fund, Inc. (MUC); BlackRock New York Municipal Income Trust (BNY) and BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) reorganized into BlackRock MuniYield New York Quality Fund, Inc. (MYN); and BlackRock MuniHoldings Quality Fund II, Inc. (MUE), BlackRock Municipal Income Trust (BFK), BlackRock Municipal Income Quality Trust (BYM), and BlackRock Municipal Income Trust II (BLE) reorganized into BlackRock MuniHoldings Fund, Inc. (MHD). Common shareholders of each acquired fund received survivor fund shares equal to the aggregate NAV of their holdings as of February 6, 2026, with fractional shares paid in cash. Preferred shareholders received survivor fund preferred shares on a one-for-one basis. The reorganizations are expected to be non-taxable events. Each survivor fund adopted a Discount Management Program for 2026 that will trigger a tender offer to repurchase a minimum of 5% of outstanding common shares at 98% of NAV if the fund's shares trade at an average daily discount to NAV greater than 10.00% during the measurement period of January 1 to September 30, 2026.

## Terms
- Stake: 5%

## Key dates
- Announced 2026-02-10 · Expiry 2026-09-30

## Timeline
- 2026-02-10 · 425 (0001193125-26-043133): 425 - BLACKROCK MUNICIPAL INCOME TRUST II — *BlackRock Advisors, LLC manages closed-end municipal income funds that invest in municipal bonds and seek to provide tax-exempt income to shareholders.* BlackRock Advisors, LLC announced the completion of reorganizations of seven closed-end municipal funds into three acquiring funds. BlackRock California Municipal Income Trust (BFZ) reorganized into BlackRock MuniHoldings California Quality Fund, Inc. (MUC); BlackRock New York Municipal Income Trust (BNY) and BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) reorganized into BlackRock MuniYield New York Quality Fund, Inc. (MYN); and BlackRock MuniHoldings Quality Fund II, Inc. (MUE), BlackRock Municipal Income Trust (BFK), BlackRock Municipal Income Quality Trust (BYM), and BlackRock Municipal Income Trust II (BLE) reorganized into BlackRock MuniHoldings Fund, Inc. (MHD). Common shareholders of each acquired fund received survivor fund shares equal to the aggregate NAV of their holdings as of February 6, 2026, with fractional shares paid in cash. Preferred shareholders received survivor fund preferred shares on a one-for-one basis. The reorganizations are expected to be non-taxable events. Each survivor fund adopted a Discount Management Program for 2026 that will trigger a tender offer to repurchase a minimum of 5% of outstanding common shares at 98% of NAV if the fund's shares trade at an average daily discount to NAV greater than 10.00% during the measurement period of January 1 to September 30, 2026.
  https://www.sec.gov/Archives/edgar/data/1176194/0001193125-26-043133.txt

## Citations
- 0001193125-26-043133 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526043133