<SEC-DOCUMENT>0001193125-22-311073.txt : 20221222
<SEC-HEADER>0001193125-22-311073.hdr.sgml : 20221222
<ACCEPTANCE-DATETIME>20221222163209
ACCESSION NUMBER:		0001193125-22-311073
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20221222
DATE AS OF CHANGE:		20221222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO MUNICIPAL INCOME FUND II
		CENTRAL INDEX KEY:			0001170299
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-266754
		FILM NUMBER:		221482341

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-739-4000

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>d398862d424b5.htm
<DESCRIPTION>424B5
<TEXT>
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<TITLE>424B5</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PIMCO MUNICIPAL INCOME FUND II </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(the &#147;Fund&#148;) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Supplement dated December 22, 2022 to the Fund&#146;s Prospectus dated August&nbsp;10, 2022 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(the &#147;Prospectus&#148;), as supplemented from time to time </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>The Fund&#146;s Board of Trustees approved the elimination of a <FONT STYLE="white-space:nowrap">non-fundamental</FONT>
investment disclosure guideline governing the amount of leverage the Fund can maintain and related asset segregation and coverage requirements that are no longer applicable to the Fund. Accordingly, effective immediately, the following disclosure is
removed from (i)&nbsp;the second paragraph of the &#147;Leverage&#148; section, (ii)&nbsp;the second paragraph of the &#147;Portfolio Contents &#150; Leverage&#148; section and (iii)&nbsp;the second paragraph of the &#147;Use of Leverage&#148;
section of the Prospectus: </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The amount of leverage that the Fund uses may change, but total leverage is not normally expected to
exceed 50% of the Fund&#146;s total assets. To the extent the Fund covers its commitments under TOBs or other derivatives instruments by the segregation of liquid assets, or by entering into offsetting transactions or owning positions covering its
obligations, they will not be considered &#147;senior securities&#148; under the Investment Company Act of 1940 (&#147;1940 Act&#148;) and will not be subject to the 50% policy described in the foregoing sentence. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Investors Should Retain This Supplement for Future Reference </U></B></P>
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</SEC-DOCUMENT>
