HUBBARD ROBERT GLENN 4
4 · BLACKROCK MUNICIPAL INCOME TRUST II · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
BlackRock Muni Income II (BLE) Director Robert Hubbard Exchanges 661 Shares
What Happened
Robert G. Hubbard, a director of BlackRock Municipal Income Trust II (BLE), recorded an "other acquisition/disposition" (code J) on Feb 9, 2026: he surrendered 661 common shares of the Target Fund as part of a reorganization and received 587 common shares (plus cash for any fractional share) of the Acquiring Fund. No dollar price per share or total sale/purchase value is reported on the Form 4 (listed as N/A).
Key Details
- Transaction date: 2026-02-09 (Form 4 filed 2026-02-11; filing appears timely).
- Transaction code: J (other acquisition or disposition — here, a fund reorganization/exchange).
- Shares surrendered: 661 shares of BlackRock Municipal Income Trust II (Target Fund).
- Shares received: 587 common shares of BlackRock MuniHoldings Fund, Inc. (Acquiring Fund); cash paid for any fractional share.
- Prices/values: No trade price reported on the Form 4 (N/A).
- Footnote: Reorganization effective Feb 9, 2026; conversion ratio 0.88854453 based on NAVs as of Feb 6, 2026 (Target NAV $11.4106; Acquiring NAV $12.8419).
Context
This was a corporate reorganization (fund merger/conversion), not an open-market sale or purchase by the insider; such transactions reflect structural fund changes rather than a director's buy/sell sentiment. The filing documents the exchange of shares under the stated conversion ratio and NAVs and does not by itself imply any new insider view on the stock.
Insider Transaction Report
- Other
Common Stock
[F1]2026-02-09−661→ 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, Glenn R. Hubbard received 587 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 661 common shares of the Target Fund.