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BlackRock Municipal Income Trust II (BLE)

NYSE - NYSE Delayed Price. Currency in USD
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15.10-0.04 (-0.26%)
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Chart Events
Neutralpattern detected
Previous Close15.14
Open15.13
Bid15.07 x 800
Ask15.40 x 1400
Day's Range15.06 - 15.15
52 Week Range12.65 - 16.29
Volume129,973
Avg. Volume39,198
Market Cap355.726M
Beta (5Y Monthly)0.32
PE Ratio (TTM)44.94
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.74 (4.91%)
Ex-Dividend DateApr 07, 2021
1y Target EstN/A
  • Moody's

    BlackRock Municipal Income Trust II -- Moody's affirms Aa1 rating of preferred shares issued by BlackRock Municipal Income Trust II following reorganizations

    Rating Action: Moody's affirms Aa1 rating of preferred shares issued by BlackRock Municipal Income Trust II following reorganizationsGlobal Credit Research - 09 Apr 2021New York, April 09, 2021 -- Moody's Investors Service, ("Moody's") has affirmed the long-term Aa1 rating of Variable Rate Muni Term Preferred Shares (VMTP Shares) issued by BlackRock Municipal Income Trust II (NYSE: BLE) following the merger of three BlackRock closed-end funds into the fund.Effective 12 April, BlackRock Strategic Municipal Trust (NYSE: BSD), BlackRock MuniYield Investment Quality Fund (NYSE: MFT), and BlackRock Municipal Income Investment Trust (NYSE: BBF) will be merged with and into BLE. In connection with the reorganization, BLE has issued new VMTP Shares on a one-for-one basis and in the same amount as the retired preferred shares of the merged funds.

  • Moody's

    BlackRock Municipal Income Investment Trust -- Moody's assigns Aa1 rating to preferred shares issued by BBF in advance of reorganization

    Rating Action: Moody's assigns Aa1 rating to preferred shares issued by BBF in advance of reorganizationGlobal Credit Research - 18 Mar 2021New York, March 18, 2021 -- Moody's Investors Service, ("Moody's") has assigned a long-term Aa1 rating to Variable Rate Muni Term Preferred Shares (VMTP Shares) issued by BlackRock Municipal Income Investment Trust (NYSE: BBF). The VMTP Shares are being issued in connection with the fund's upcoming merger with and into BlackRock Municipal Income Trust II (NYSE: BLE). Subsequently, the ratings on the VRDP Shares have been withdrawn.A summary of the rating action follows: -- BlackRock Municipal Income Investment Trust, Series W- 7 VMTP Preferred Shares, $52 million (520 shares with liquidation preference of $100,000 per share) assigned at Aa1RATINGS RATIONALEThe Aa1 long-term rating on BBF's VMTP Shares reflects the fund's excellent risk-adjusted asset coverage, conservative underlying portfolio, and strong capacity to cover periodic obligations with recurring investment income.At 27th February, BBF's effective leverage stood at about 38% and its risk-adjusted asset coverage ratio was consistent with that of Aaa-rated closed-end funds.

  • Moody's

    BlackRock Municipal Income Trust II -- Moody's announces completion of a periodic review of ratings of BlackRock Municipal Income Trust II

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BlackRock Municipal Income Trust II and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 13 January 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology (ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.