BlackRock Municipal Income Trust II
BLE
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Charles Choon Sik Park
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 55 East 52nd Street New York City NY United States of America 10055
- IPO Date
- Jul 30, 2002
- CIK
- 0001176194
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Municipal Income Trust II (NYSE: BLE) is a perpetual closed-end fund launched by BlackRock, Inc. and managed by BlackRock Advisors, LLC. The Trust seeks to provide high current income exempt from regular federal income tax by investing, under normal market conditions, at least 80% of its managed assets in investment grade municipal bonds or unrated securities deemed comparable in quality by the investment adviser; it may allocate up to 20% to lower-rated municipal bonds rated Ba/BB or B or equivalent, invest directly in such securities or synthetically via derivatives, and employ leverage including tender option bonds to enhance yield and net asset value. As of June 30, 2025, the Trust maintains managed assets of $873.4 million, a portfolio of 345 holdings with an effective duration of 16.95 years, yield to maturity of 8.22%, 36.2% leverage, and a monthly distribution rate of 6.45%, with top holdings comprising tender option bonds such as TOB -99 09182NCT5 BBEUTL 144A (1.53%) and TOB 5 59465PEJ3 MISHSG 144A (1.52%); approximately 9.98% of assets are in alternative minimum tax (AMT) bonds and 6.32% are insured. The Trust, domiciled in the United States with headquarters at 50 Hudson Yards, New York, New York 10001, commenced operations on July 30, 2002 and primarily targets retail and institutional investors seeking tax-advantaged fixed income exposure in the U.S. municipal bond market, categorized under the Lipper General & Insured Leveraged classification and Morningstar Muni National Long category. In June 2025, the Board of BlackRock Municipal Income Trust II approved a reorganization involving its consolidation with BlackRock MuniHoldings Quality Fund II, Inc. (MUE), BlackRock Municipal Income Trust (BFK), and BlackRock Municipal Income Quality Trust (BYM) into BlackRock MuniHoldings Fund, Inc. (MHD) to deliver significant scale benefits and operational efficiencies. Shareholders approved these municipal closed-end fund reorganizations at meetings held on October 15, 2025 and November 20, 2025, marking a major strategic consolidation within BlackRock's municipal bond fund lineup.