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BlackRock Municipal Income Trust II (BLE)

NYSE - NYSE Delayed Price. Currency in USD
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15.72-0.11 (-0.69%)
At close: 4:00PM EDT
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Previous Close15.83
Open15.80
Bid14.22 x 800
Ask15.69 x 3200
Day's Range15.48 - 15.91
52 Week Range12.65 - 16.29
Volume62,707
Avg. Volume39,864
Market Cap370.332M
Beta (5Y Monthly)0.32
PE Ratio (TTM)46.79
EPS (TTM)0.34
Earnings DateN/A
Forward Dividend & Yield0.74 (4.73%)
Ex-Dividend DateApr 07, 2021
1y Target EstN/A
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    • 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.

    • Business Wire

      BlackRock Announces Special Distributions Related to the Reorganization of Four Municipal Closed-End Funds

      BlackRock Advisors, LLC today announced the declaration of a special distribution for The BlackRock Strategic Municipal Trust (NYSE: BSD), BlackRock MuniYield Investment Quality Fund (NYSE: MFT), BlackRock Municipal Income Investment Trust (NYSE: BBF), and BlackRock Municipal Income Trust II (NYSE: BLE and collectively with BSD, MFT and BBF, the "Funds," and each, a "Fund") in connection with the reorganizations of BSD, MFT, and BBF into BLE, with BLE continuing (the "Combined Fund") as the surviving Fund (the "Reorganizations").

    • 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.