000 B000000 08/31/2014 000 C000000 0001176194 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 BLACKROCK MUNICIPAL INCOME TRUST II 001 B000000 811-21126 001 C000000 8004417762 002 A000000 100 BELLEVUE PARKWAY 002 B000000 WILMINGTON 002 C000000 DE 002 D010000 19809 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 008 A000001 BLACKROCK ADVISORS, LLC 008 B000001 A 008 C000001 801-47710 008 D010001 WILMINGTON 008 D020001 DE 008 D030001 19809 008 A000002 BLACKROCK FINANCIAL MANAGEMENT, INC. 008 B000002 S 008 C000002 801-48433 008 D010002 NEW YORK 008 D020002 NY 008 D030002 10055 012 A000001 COMPUTERSHARE TRUST COMPANY, N.A. (COMMON) 012 B000001 85-11340 012 C010001 CANTON 012 C020001 MA 012 C030001 02021 012 A000002 THE BANK OF NEW YORK MELLON (PREFERRED) 012 B000002 85-05006 012 C010002 NEW YORK 012 C020002 NY 012 C030002 10289 013 A000001 DELOITTE & TOUCHE LLP 013 B010001 BOSTON 013 B020001 MA 013 B030001 02116 014 A000001 BLACKROCK EXECUTION SERVICES 014 B000001 8-48719 |
014 A000002 BLACKROCK INVESTMENTS, LLC 014 B000002 8-48436 014 A000003 HARRIS WILLIAMS LLC 014 B000003 8-53380 014 A000004 PNC CAPITAL MARKETS, INC. 014 B000004 8-32493 014 A000005 PNC INVESTMENTS LLC 014 B000005 8-66195 015 A000001 STATE STREET BANK & TRUST COMPANY 015 B000001 C 015 C010001 BOSTON 015 C020001 MA 015 C030001 02110 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 288 019 C000000 BLKRKADVSR 020 A000001 UBS SECURITIES LLC 020 B000001 13-3873456 020 C000001 5 021 000000 5 022 A000001 FFI INSTITUTIONAL TAX-EXEMPT FUND 022 B000001 22-2509978 022 C000001 92725 022 D000001 88451 022 A000002 CITIGROUP GLOBAL MARKETS INC. 022 B000002 11-2418191 022 C000002 18381 022 D000002 13277 022 A000003 WELLS FARGO & CO 022 B000003 41-0449260 022 C000003 15805 022 D000003 11728 022 A000004 BANK OF AMERICA CORP 022 B000004 56-0906609 022 C000004 11386 022 D000004 12885 022 A000005 PERSHING LLC 022 B000005 13-2741729 022 C000005 10063 022 D000005 13502 022 A000006 MORGAN STANLEY 022 B000006 13-2655998 022 C000006 14723 022 D000006 8546 022 A000007 J.P. MORGAN SECURITIES INC. 022 B000007 13-3299429 022 C000007 2300 022 D000007 9125 022 A000008 BARCLAYS CAPITAL INC |
022 B000008 13-3297824 022 C000008 6601 022 D000008 4053 022 A000009 BANK OF NEW YORK MELLON 022 B000009 13-2614959 022 C000009 362 022 D000009 3748 022 A000010 BB&T CORP 022 B000010 56-0939887 022 C000010 2634 022 D000010 1408 023 C000000 180168 023 D000000 177935 024 000000 N 026 A000000 N 026 B000000 N 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 N 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 |
028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 045 000000 Y 046 000000 N 047 000000 Y 048 000000 0.550 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 N |
052 000000 N 053 A000000 Y 053 B000000 Y 053 C000000 N 054 A000000 Y 054 B000000 Y 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 N 054 H000000 Y 054 I000000 N 054 J000000 Y 054 K000000 N 054 L000000 N 054 M000000 Y 054 N000000 N 055 A000000 N 055 B000000 N 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 Y 060 B000000 Y 061 000000 0 062 A000000 Y 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 2.0 062 M000000 0.0 062 N000000 0.0 062 O000000 157.4 062 P000000 0.0 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 23.6 064 A000000 Y 064 B000000 Y 065 000000 N 066 A000000 N |
067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 N 070 B010000 N 070 B020000 N 070 C010000 Y 070 C020000 N 070 D010000 N 070 D020000 N 070 E010000 Y 070 E020000 Y 070 F010000 N 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 N 070 H020000 N 070 I010000 N 070 I020000 N 070 J010000 Y 070 J020000 N 070 K010000 Y 070 K020000 Y 070 L010000 N 070 L020000 N 070 M010000 N 070 M020000 N 070 N010000 Y 070 N020000 N 070 O010000 Y 070 O020000 N 070 P010000 Y 070 P020000 N 070 Q010000 N 070 Q020000 N 070 R010000 Y 070 R020000 N 071 A000000 87443 071 B000000 97024 071 C000000 548158 071 D000000 16 072 A000000 12 072 B000000 27410 072 C000000 0 072 D000000 0 072 E000000 2 072 F000000 3068 072 G000000 60 |
072 H000000 0 072 I000000 38 072 J000000 29 072 K000000 0 072 L000000 13 072 M000000 39 072 N000000 8 072 O000000 0 072 P000000 2109 072 Q000000 0 072 R000000 48 072 S000000 31 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 82 072 X000000 5525 072 Y000000 3 072 Z000000 21890 072AA000000 0 072BB000000 6923 072CC010000 58890 072CC020000 0 072DD010000 23298 072DD020000 0 072EE000000 0 073 A010000 0.9935 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 369 074 B000000 0 074 C000000 0 074 D000000 571315 074 E000000 0 074 F000000 0 074 G000000 0 074 H000000 0 074 I000000 7457 074 J000000 330 074 K000000 0 074 L000000 6827 074 M000000 50 074 N000000 586348 074 O000000 949 074 P000000 270 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 70791 |
074 S000000 151300 074 T000000 363038 074 U010000 23453 074 U020000 0 074 V010000 15.48 074 V020000 0.00 074 W000000 0.0000 074 X000000 10635 074 Y000000 186210 075 A000000 0 075 B000000 488789 076 000000 14.70 077 A000000 Y 077 B000000 Y 077 I000000 Y 077 O000000 Y 077 Q010000 Y 078 000000 N 080 A000000 FEDERAL INSURANCE CO 080 B000000 NATL UNION FIRE INS CO OF PITTSBURGH PA 080 C000000 68125 081 A000000 Y 081 B000000 82 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 11 086 A020000 150 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 COMMON STOCK 087 A020000 09249N101 087 A030000 BLE 087 B010000 PREFERRED STOCK 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 Y |
SIGNATURE NEAL J. ANDREWS TITLE CFO |
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1.
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"Eligible Assets" are defined to consist only of assets that conform to the following requirements as of the time of investment:
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A.
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Debt obligations. The following debt obligations which are not in payment default at the time of investment:
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i.
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"Municipal securities," defined as obligations of a State, the District of Columbia, a U.S. territory, or a political subdivision thereof and including general obligations, limited obligation bonds, revenue bonds, and obligations that satisfy the requirements of section 142(b)(1) of the Internal Revenue Code of 1986 issued by or on behalf of any State, the District of Columbia, any U.S. territory or any political subdivision thereof, including any municipal corporate instrumentality of 1 or more States, or any public agency or authority of any State, the District of Columbia, any U.S. territory or any political subdivision thereof. The purchase of any municipal security will be based upon the Investment Adviser's assessment of an asset's relative value in terms of current yield, price, credit quality, and future prospects; and the Investment Adviser will monitor the creditworthiness of the Trust's portfolio investments and analyze economic, political and demographic trends affecting the markets for such assets.
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ii.
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Debt obligations of the United States.
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iii.
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Debt obligations issued, insured, or guaranteed by a department or an agency of the U.S. Government, if the obligation, insurance, or guarantee commits the full faith and credit of the United States for the repayment of the obligation.
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iv.
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Debt obligations of the Washington Metropolitan Area Transit Authority guaranteed by the Secretary of Transportation under Section 9 of the National Capital Transportation Act of 1969.
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v.
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Debt obligations of the Federal Home Loan Banks.
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vi.
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Debt obligations, participations or other instruments of or issued by the Federal National Mortgage Association or the Government National Mortgage Association.
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vii.
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Debt obligations which are or ever have been sold by the Federal Home Loan Mortgage Corporation pursuant to sections 305 or 306 of the Federal Home Loan Mortgage Corporation Act.
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viii.
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Debt obligations of any agency named in 12 U.S.C. § 24(Seventh) as eligible to issue obligations that a national bank may underwrite, deal in, purchase and sell for the bank's own account, including qualified Canadian government obligations.
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ix.
|
Debt obligations of issuers other than those specified in (i) through (viii) above that are rated in one of the three highest rating categories by two or more NRSROs, or by one NRSRO if the security has been rated by only one NRSRO, and which have been determined by the Trust, based on the Trust's internal credit due diligence, to be securities where the issuer has adequate capacity to meet financial commitments under the security for the projected life of the security such that the lack of default on the security such that the risk of default on the security is low, and the full and timely repayment of principal and interest is expected, and that are "marketable". For these purposes, an obligation is "marketable" if:
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|
•
|
it is registered under the Securities Act;
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|
|
•
|
it is offered and sold pursuant to Securities and Exchange Commission Rule 144A; 17 CFR 230.144A; or
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|
|
•
|
it can be sold with reasonable promptness at a price that corresponds reasonably to its fair value.
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x.
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Certificates or other securities evidencing ownership interests in a municipal bond trust structure (generally referred to as a tender option bond structure) that invests in (a) debt obligations of the types described in (i) above or (b) depository receipts reflecting ownership interests in accounts holding debt obligations of the types described in (i) above.
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|
•
|
it provides for repayment of principal and interest in any form including fixed and floating rate, zero interest, capital appreciation, discount, leases, and payment in kind; or
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|
•
|
it is for long-term or short-term financing purposes.
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B.
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Derivatives
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|
|
i.
|
Interest rate derivatives; or
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|
|
ii.
|
Swaps, credit default swaps, futures, forwards, structured notes, options and swaptions related to Eligible Assets or on an index related to Eligible Assets.
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|
|
C.
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Other Assets
|
|
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i.
|
Shares of other investment companies registered under Section 8 of the Investment Company Act of 1940 (open- or closed-end funds and ETFs) the assets of which consist entirely of Eligible Assets based on the Investment Adviser's assessment of the assets of each such investment company taking into account the investment company's most recent publicly available schedule of investments and publicly disclosed investment policies.
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ii.
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Cash.
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iii.
|
Repurchase agreements on assets described in A above.
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iv.
|
Taxable fixed-income securities issued by an issuer described in Paragraph 1(A) (a "Permitted Issuer") that are not in default at the time of acquisition, acquired for the purpose of influencing control over such Permitted Issuer or creditor group of municipal bonds of such Permitted Issuer (a) the Trust already owns and (b) which have deteriorated or are expected shortly to deteriorate, with the expectation that such investment should enable the Trust to better maximize the value of its existing investment in such issuer, provided that the taxable fixed-income securities of such issuer so acquired do not constitute more than 0.5% of the Trust's Managed Assets as of the time of investment.
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2.
|
At any time that VMTP Preferred Shares are outstanding, for any investment company the securities of which are held by the Trust, the Trust will provide or make available the following information to the Holders within 10 days after the public quarterly release of such information and on the Date of Original Issue (for the reporting period having ended most recently prior to the closing):
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|
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i.
|
the identity of the investment company and the CUSIP Number, the number of shares owned, as of the end of the prior quarter, and the percentage of the investment company's equity represented by the Trust's investment, as of the end of the prior quarter;
|
|
|
ii.
|
a representation that each such investment company invests solely in "Eligible Assets," which representation may be based upon the affirmative representation of the underlying investment company's investment adviser; and
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iii.
|
the information contained in the most recently released financial statements of each such underlying investment company relating to the portfolio holdings of each such investment company.
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n
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
BlackRock Muni Intermediate Duration Fund, Inc. (MUI)
BlackRock Municipal Target Term Trust (BTT2)
BlackRock Municipal Bond Trust (BBK)
BlackRock Municipal Income Trust (BFK)
BlackRock Investment Quality Municipal Trust (BKN)
BlackRock Municipal Income Trust II (BLE)
BlackRock Strategic Municipal Trust (BSD)
BlackRock Long-Term Municipal Advantage Trust (BTA)
BlackRock MuniHoldings Fund, Inc. (MHD)
BlackRock MuniHoldings Fund II, Inc. (MUH)
BlackRock MuniYield Fund, Inc. (MYD)
BlackRock Municipal Income Investment Quality Trust (BAF)
BlackRock Municipal Income Investment Trust (BBF)
BlackRock Municipal Bond Investment Trust (BIE)
BlackRock MuniHoldings Investment Quality Fund (MFL)
BlackRock MuniYield Investment Quality Fund (MFT)
BlackRock MuniHoldings Quality Fund II, Inc. (MUE)
BlackRock MuniHoldings Quality Fund, Inc. (MUS)
BlackRock MuniYield Investment Fund (MYF)
|
|
Date of
Offering Commencement:
|
04-11-2014
|
|
Security Type:
|
BND/MUNI
|
|
Issuer
|
Metropolitan Transportation Authority, Transportation Revenue Bonds, series 2014B
|
|
Selling Underwriter
|
Wells Fargo Securities, LLC
|
|
Affiliated Underwriter(s)
|
Other:
|
|
List of Underwriter(s)
|
Wells Fargo Securities,CastleOak Securities,L.P.,Bank of America Merrill Lynch,Citigroup Global Markets Inc,Goldman,Sachs & Co.,J.P. Morgan Securities LLC,Jefferies LLC,Loop Capital Markets,Morgan Stanley & Co. LLC,Ramirez & Co.,Inc.,RBC Capital Markets,Siebert Brandford Shank & Co.,Barclays Capital Inc.,BNYMellon Capital Markets,Cabrera Capital Markets,LLC,Duncan-Williams,Inc.,Estrada Hinojosa & Company,Fidelity Capital Markets,Janney Montgomery Scott LLC,KeyBanc Capital Markets,Lebenthal & Company LLC,M&T Securities,Inc.,Mesirow Financial Inc.,Oppenheimer & Co.,Piper Jaffray,PNC Capital Markets LLC,Raymond James & Associates,Inc.,Rice Financial Products Company,Roosevelt & Cross,Inc.,Stern Brothers & Co.,Stifel,Nicolaus & Company,Inc.,TD Securities (USA) LLC,U.S. Bancorp Investments Inc.,Williams Capital Group L.P.
|
|
Date of Purchase
|
04-11-2014
|
|
Purchase Price/Share
(per share / % of par)
|
$111.599
$111.246
$109.239
$109.412
$108.809
|
Total Commission, Spread or Profit
|
0.479
|
|
1.
Aggregate Principal Amount Purchased (a+b)
|
$72,435,000
|
|
a.US Registered Funds
(Appendix attached with individual Fund/Client purchase)
|
$69,935,000
|
|
b.Other BlackRock Clients
|
N/A
2,500,000 (PI)
|
|
2.
Aggregate Principal Amount of Offering
|
$500,000,000
|
|
Fund Ratio
[Divide Sum of #1 by #2]
Must be less than 0.25
(unless securities are Government Securities)
|
0.14487
|
|
|
U.S. Registered Public Offering[Issuer must have 3 years of continuous operations]
|
|
|
Eligible Rule 144A Offering[Issuer must have 3 years of continuous operations]
|
|
|
Eligible Municipal Securities[Issuer must have 3 years of continuous operations]
|
|
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Eligible Foreign Offering[Issuer must have 3 years of continuous operations]
|
|
|
Government Securities Offering
|
|
|
The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and
|
|
|
If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated.
|
|
YES
NO
|
The securities were offered pursuant to an underwriting or similar agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities.
|
|
YES
NO
|
No affiliated underwriter was a direct or indirect participant in, or benefited directly or indirectly from, the transaction.
|
|
Completed by:
|
Dillip Behera
|
Date:
|
04-28-2014
|
|
Global Syndicate Team Member
|
|||
|
Approved by:
|
Steven DeLaura
|
Date:
|
04-28-2014
|
|
Global Syndicate Team Member
|
|
Term
|
Definition
|
|
Fund Ratio
|
Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds’ participation in the offering divided by the total amount of the offering.
|
|
Eligible Foreign Offering
|
The securities are sold in a public offering conducted under the laws of a country other than the United States and
(a)the offering is subject to regulation in such country by a “foreign financial regulatory authority,” as defined in Section 2(a)(50) of the Investment Company Act of 1940;
(b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer);
(c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and
(d)if the issuer is a “domestic issuer,” i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material)
|
|
Eligible Municipal Securities
|
The securities are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code.
(a)with respect to ratings, the securities
(1)have received an investment grade rating from at least one nationally recognized statistical rating organization (“NRSRO”); or
(2)have received one of the three highest ratings from an NRSRO, if the issuer of the municipal securities, or the entity supplying the revenue or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors.
(b) The purchases of municipal securities, if any, were not designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter).
|
|
Eligible Rule 144A Offering
|
The securities are sold in an offering where
(a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder;
(b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A (“QIBs”); and
(c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A
|
|
Government Securities Offering
|
The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing
|
|
U.S. Registered Public Offering.
|
The securities offered are registered under the Securities Act of 1933 that are being offered to the public.
|
|
n
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Short-Term National AMT-Free Muni Bond ETF (NAT0-5)
iShares National AMT-Free Muni Bond ETF (ISHMUNI)
BlackRock Municipal Income Trust (BFK)
BlackRock Municipal Income Trust II (BLE)
BlackRock High Yield Municipal Fund (BR-HYMUNI)
BlackRock Strategic Municipal Opportunities Fund of BlackRock Series Trust (BR-SMO-HY)
BlackRock Strategic Municipal Trust (BSD)
BlackRock Long-Term Municipal Advantage Trust (BTA)
BlackRock MuniHoldings Fund, Inc. (MHD)
BlackRock MuniAssets Fund, Inc. (MUA)
BlackRock MuniHoldings Fund II, Inc. (MUH)
BlackRock MuniVest Fund II, Inc. (MVT)
BlackRock MuniYield Fund, Inc. (MYD)
BlackRock Allocation Target Shares : Series E Portfolio (BATSE)
BlackRock Municipal Bond Trust (BBK)
BlackRock Investment Quality Municipal Trust (BKN)
BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)
BlackRock Muni Intermediate Duration Fund, Inc. (MUI)
BlackRock MuniYield Michigan Quality Fund II, Inc. (MYM)
|
|
Date of
Offering Commencement:
|
08-27-2014
|
|
Security Type:
|
BND/MUNI
|
|
Issuer
|
Michigan Finance Authority (Local Government Loan Program Revenue Bonds) Series 2014C
(Detroit Water and Sewerage Department Sewerage Disposal System Revenue and Revenue Refunding Local Project Bonds)
|
|
Selling Underwriter
|
Citigroup Global Markets Inc.
|
|
Affiliated Underwriter(s)
|
Other:
|
|
List of Underwriter(s)
|
Citigroup Global Markets Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, Loop Capital Markets, PNC Capital Markets LLC, BMO Capital Markets, GKST, Inc., Comerica Securities, Jefferies LLC
|
|
Date of Purchase
|
08-28-2014
|
|
Purchase Price/Share
(per share / % of par)
|
$98.468
$100.96
$112.564
$114.152
$109.242
$112.907
$105.391
$104.901
$104.575
|
Total Commission, Spread or Profit
|
.3647
|
|
1.
Aggregate Principal Amount Purchased (a+b)
|
$34,750,000
|
|
a.US Registered Funds
(Appendix attached with individual Fund/Client purchase)
|
$34,750,000
|
|
b.Other BlackRock Clients
|
N/A
(PI if any)
|
|
2.
Aggregate Principal Amount of Offering
|
$935,860,000
|
|
Fund Ratio
[Divide Sum of #1 by #2]
Must be less than 0.25
(unless securities are Government Securities)
|
0.03713
|
|
|
U.S. Registered Public Offering[Issuer must have 3 years of continuous operations]
|
|
|
Eligible Rule 144A Offering[Issuer must have 3 years of continuous operations]
|
|
|
Eligible Municipal Securities[Issuer must have 3 years of continuous operations]
|
|
|
Eligible Foreign Offering[Issuer must have 3 years of continuous operations]
|
|
|
Government Securities Offering
|
|
|
The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and
|
|
|
If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated.
|
|
YES
NO
|
The securities were offered pursuant to an underwriting or similar agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities.
|
|
YES
NO
|
No affiliated underwriter was a direct or indirect participant in, or benefited directly or indirectly from, the transaction.
|
|
Completed by:
|
Dillip Behera
|
Date:
|
09-04-2014
|
|
Global Syndicate Team Member
|
|||
|
Approved by:
|
Date:
|
|
|
|
Global Syndicate Team Member
|
|
Term
|
Definition
|
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Fund Ratio
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Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds’ participation in the offering divided by the total amount of the offering.
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Eligible Foreign Offering
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The securities are sold in a public offering conducted under the laws of a country other than the United States and
(a)the offering is subject to regulation in such country by a “foreign financial regulatory authority,” as defined in Section 2(a)(50) of the Investment Company Act of 1940;
(b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer);
(c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and
(d)if the issuer is a “domestic issuer,” i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material)
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Eligible Municipal Securities
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The securities are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code.
(a)with respect to ratings, the securities
(1)have received an investment grade rating from at least one nationally recognized statistical rating organization (“NRSRO”); or
(2)have received one of the three highest ratings from an NRSRO, if the issuer of the municipal securities, or the entity supplying the revenue or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors.
(b) The purchases of municipal securities, if any, were not designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter).
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Eligible Rule 144A Offering
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The securities are sold in an offering where
(a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder;
(b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A (“QIBs”); and
(c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A
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Government Securities Offering
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The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing
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U.S. Registered Public Offering.
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The securities offered are registered under the Securities Act of 1933 that are being offered to the public.
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