Harris Stayce D. 4

What Happened

• Stayce D. Harris, a director of BlackRock Municipal Income Trust II (BLE), had 10.755 BLE shares disposed on Feb 9, 2026 as part of a fund reorganization. The Form 4 reports the disposition code (J) with no open‑market price (N/A) because the shares were converted into shares of the acquiring fund rather than sold.
• Per the footnote, BLE was reorganized into BlackRock MuniHoldings Fund, Inc.; BLE shareholders received common shares of the acquiring fund based on NAVs and a conversion ratio. Harris received 9 common shares of the acquiring fund (and cash for any fractional share). Using the stated NAVs (BLE $11.4106; Acquiring Fund $12.8419 as of Feb 6, 2026), the surrendered BLE position totaled roughly $122.72 and the 9 acquiring‑fund shares are worth about $115.58 (difference reflects reorg costs/fractional cash).

Key Details

• Transaction date: 2026-02-09 (effective date of reorganization).
• SEC filing date: 2026-02-11 — appears filed within the Form 4 timeliness window.
• Reported transaction type/code: Other acquisition or disposition (J); price N/A (conversion, not market trade).
• Shares disposed (BLE): 10.755; Shares received (Acquiring Fund): 9 (plus cash for any fractional share).
• Conversion ratio: 0.88854453; NAVs used (as of Feb 6, 2026): BLE $11.4106, Acquiring Fund $12.8419.
• Shares owned after transaction: Harris holds 9 common shares of the acquiring fund (per footnote).
• Footnote: F1 explains the reorganization mechanics and share conversion.

Context

• This was a corporate reorganization (fund merger/conversion), not an insider-initiated buy or sell on the open market—recorded as a disposition for the old fund and an acquisition of the new fund’s shares. Such conversions are administrative and do not necessarily reflect the insider’s view on the stock.