KALINOSKI MICHAEL 4
4 · BLACKROCK MUNICIPAL INCOME TRUST II · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
BlackRock Muni Income Trust II (BLE) Director Michael Kalinoski Converts Shares in Reorg
What Happened
- Michael Kalinoski, a director of BlackRock Municipal Income Trust II (BLE), had 6,569.7894 BLE common shares surrendered in a fund reorganization on Feb 9, 2026 (transaction coded as "J" — other acquisition/disposition). In the reorganization into BlackRock MuniHoldings Fund, Inc., he received 5,837 common shares of the Acquiring Fund (and cash for any fractional share). Based on reported NAVs (BLE $11.4106; Acquiring Fund $12.8419), the exchanged position is worth roughly $75,000 at the Acquiring Fund NAV.
Key Details
- Transaction date: 2026-02-09; Form 4 filed 2026-02-11 (appears timely).
- Disposition: 6,569.7894 BLE shares surrendered; Received: 5,837 shares of BlackRock MuniHoldings Fund, Inc.
- NAVs and conversion: BLE NAV $11.4106; Acquiring Fund NAV $12.8419; conversion ratio 0.88854453 per footnote.
- Consideration: cash paid for fractional shares (per footnote). No open-market sale — this was a corporate reorganization (code J).
Context
- This is a corporate-action conversion (reorganization), not a discretionary sale or purchase by the insider; it reflects the automated exchange of fund shares into the Acquiring Fund under the stated conversion ratio and NAVs. Such transactions generally do not signal insider sentiment about the market.
Insider Transaction Report
Form 4
KALINOSKI MICHAEL
Director
Transactions
- Other
Common Stock
[F1]2026-02-09−6,569.789→ 0 total
Footnotes (1)
- [F1]Effective as of February 9, 2026, BlackRock Municipal Income Trust II (the "Target Fund") was reorganized into BlackRock MuniHoldings Fund, Inc. (the "Acquiring Fund"). In the reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on February 6, 2026, less the costs of the reorganization. As of February 6, 2026, the Target Fund reported a NAV per share of $11.4106 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.88854453. In the reorganization, Michael Kalinoski received 5837 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 6569.7894 common shares of the Target Fund.
Signature
/s/ Gladys Chang as Attorney-in-Fact|2026-02-11