HUBBARD ROBERT GLENN 4

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.