<SEC-DOCUMENT>0000844779-17-000423.txt : 20171030
<SEC-HEADER>0000844779-17-000423.hdr.sgml : 20171030
<ACCEPTANCE-DATETIME>20171030122741
ACCESSION NUMBER:		0000844779-17-000423
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20170831
FILED AS OF DATE:		20171030
DATE AS OF CHANGE:		20171030
EFFECTIVENESS DATE:		20171030

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNICIPAL INCOME TRUST II
		CENTRAL INDEX KEY:			0001176194
		IRS NUMBER:				010722216
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21126
		FILM NUMBER:		171161402

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		888-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>bleanswer.fil
<TEXT>
<PAGE>      PAGE  1
000 B000000 08/31/2017
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
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
<PAGE>      PAGE  2
014 A000005 PNC INVESTMENTS LLC
014 B000005 8-66195
014 A000006 SOLEBURY CAPITAL, LLC
014 B000006 8-67548
015 A000001 STATE STREET BANK &  TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  274
019 C000000 BLKRKADVSR
020 A000001 BANK OF AMERICA CORP
020 B000001 56-0906609
020 C000001      5
021  000000        5
022 A000001 BLACKROCK LIQUIDITY FUNDS, MUNICASH
022 B000001 52-0983343
022 C000001     57649
022 D000001     54171
022 A000002 CITIGROUP GLOBAL MARKETS, INC.
022 B000002 11-2418191
022 C000002     10333
022 D000002      4001
022 A000003 PERSHING LLC
022 B000003 13-2741729
022 C000003      7892
022 D000003      5610
022 A000004 GOLDMAN SACHS & CO
022 B000004 13-5108880
022 C000004      8559
022 D000004      1668
022 A000005 WELLS FARGO BANK NA
022 B000005 94-1347393
022 C000005      4958
022 D000005      3216
022 A000006 PIPER JAFFRAY & CO.
022 B000006 41-0953246
022 C000006      3411
022 D000006      1983
022 A000007 BANK OF AMERICA CORP
022 B000007 56-0906609
022 C000007      4372
022 D000007       834
022 A000008 J.P. MORGAN SECURITIES LLC
022 B000008 13-4110995
022 C000008      1589
022 D000008      3077
022 A000009 MORGAN STANLEY & CO INC
<PAGE>      PAGE  3
022 B000009 13-2655998
022 C000009       896
022 D000009      2870
022 A000010 STIFEL NICOLAUS & CO INC
022 B000010 43-0538770
022 C000010      3738
022 D000010         0
023 C000000     106483
023 D000000      86513
024  000000 N
025 D000001       0
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
<PAGE>      PAGE  4
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
<PAGE>      PAGE  5
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 158.9
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000 21.7
064 A000000 Y
064 B000000 Y
065  000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
<PAGE>      PAGE  6
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     48834
071 B000000     57526
071 C000000    572042
071 D000000    9
072 A000000 12
072 B000000    26582
072 C000000       24
072 D000000        0
072 E000000        0
072 F000000     3187
072 G000000       60
072 H000000        0
072 I000000       36
072 J000000       26
<PAGE>      PAGE  7
072 K000000        0
072 L000000       11
072 M000000       43
072 N000000       12
072 O000000        0
072 P000000     3654
072 Q000000        0
072 R000000       48
072 S000000       41
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000       63
072 X000000     7181
072 Y000000        4
072 Z000000    19429
072AA000000        0
072BB000000     1220
072CC010000        0
072CC020000    19545
072DD010000    20809
072DD020000        0
072EE000000        0
073 A010000   0.8900
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000      488
074 B000000        0
074 C000000        0
074 D000000   567387
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000     6987
074 J000000      424
074 K000000        5
074 L000000     6809
074 M000000       14
074 N000000   582114
074 O000000        0
074 P000000      269
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000    73644
074 S000000   151300
074 T000000   356901
074 U010000    23521
<PAGE>      PAGE  8
074 U020000        0
074 V010000    15.17
074 V020000     0.00
074 W000000   0.0000
074 X000000     9598
074 Y000000   186910
075 A000000        0
075 B000000   356760
076  000000    15.45
077 A000000 Y
077 B000000 Y
077 O000000 Y
077 Q010000 N
078  000000 N
080 A000000 FEDERAL INSURANCE COMPANY
080 B000000 St. Paul Fire & Marine Insurance Company
080 C000000    61550
081 A000000 Y
081 B000000  74
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     31
086 A020000    473
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

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>77bMuni6.txt
<TEXT>
<PAGE>

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

TO THE SHAREHOLDERS AND BOARDS OF TRUSTEES OF BLACKROCK MUNICIPAL BOND TRUST,
BLACKROCK MUNICIPAL INCOME INVESTMENT QUALITY TRUST, BLACKROCK MUNICIPAL INCOME
QUALITY TRUST, BLACKROCK MUNICIPAL INCOME TRUST II, AND BLACKROCK MUNIHOLDINGS
INVESTMENT QUALITY FUND, AND TO THE SHAREHOLDERS AND BOARD OF DIRECTORS OF
BLACKROCK MUNIVEST FUND, INC.:

In planning and performing our audits of the financial statements of BlackRock
Municipal Bond Trust, BlackRock Municipal Income Investment Quality Trust,
BlackRock Municipal Income Quality Trust, BlackRock Municipal Income Trust II,
BlackRock MuniHoldings Investment Quality Fund, and BlackRock MuniVest Fund,
Inc. (collectively, the "Trusts"), as of and for the year ended August 31,
2017, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), we considered the Trusts' internal control
over financial reporting, including controls over safeguarding securities, as a
basis for designing our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of
Form N-SAR, but not for the purpose of expressing an opinion on the
effectiveness of the Trusts' internal control over financial reporting.
Accordingly, we express no such opinion.

The management of the Trusts is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess
the expected benefits and related costs of controls. A trust's internal control
over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally
accepted accounting principles. A trust's internal control over financial
reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the trust;
(2) provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the trust
are being made only in accordance with authorizations of management and
directors/trustees of the trust; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition
of a trust's assets that could have a material effect on the financial
statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may
become inadequate because of changes in conditions or that the degree of
compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or employees, in the
normal course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
trust's annual or interim financial statements will not be prevented or
detected on a timely basis.

Our consideration of the Trusts' internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control that might be
material weaknesses under standards established by the Public Company
Accounting Oversight Board (United States.) However, we noted no deficiencies
in the Trusts' internal control over financial reporting and its operation,
including controls for safeguarding securities that we consider to be a
material weakness, as defined above, as of August 31, 2017.

This report is intended solely for the information and use of management and
the Boards of Trustees of BlackRock Municipal Bond Trust, BlackRock Municipal
Income Investment Quality Trust, BlackRock Municipal Income Quality Trust,
BlackRock Municipal Income Trust II, and BlackRock MuniHoldings Investment
Quality Fund, the management and Board of Directors of BlackRock MuniVest Fund,
Inc., and the Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.

/s/ Deloitte & Touche LLP
Boston, Massachusetts
October 24, 2017
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>3
<FILENAME>77O23.txt
<TEXT>
<PAGE>

                                                            [LOGO OF BLACKROCK]

Rule 10f-3 Transaction Form

Acquisition of Securities During Affiliated Underwritings

PARTICIPATING FUNDS
..   U.S. Registered Funds (Name of Fund, Aladdin Ticker):
    BlackRock Municipal Income Trust (BFK)
    BlackRock Municipal Income Trust II (BLE)
    BlackRock MuniHoldings Fund, Inc. (MHD)
    BlackRock MuniHoldings Fund II, Inc. (MUH)
    BlackRock MuniVest Fund II, Inc. (MVT)
    BlackRock MuniYield Fund, Inc. (MYD)
    BlackRock MuniYield Investment Fund (MYF)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

Date of Offering Commencement:  01-06-2017

Security Type:                  BND/MUNI

Issuer                          District of Columbia University Refunding
                                Revenue Bonds (Georgetown University Issue)
                                Series 2017

Selling Underwriter             Wells Fargo Securities, LLC

Affiliated Underwriter(s)       [X] PNC Capital Markets LLC
                                [_] Other:

List of Underwriter(s)          Wells Fargo Securities, LLC, PNC Capital
                                Markets LLC, Goldman, Sachs & Co

TRANSACTION DETAILS

Date of Purchase                01-12-2017

Purchase Price/Share        $113.691 Total Commission, Spread or Profit  0.259%
(PER SHARE / % OF PAR)      $113.414
                            $112.315

<TABLE>
<S>                                                                <C>
1.  Aggregate Principal Amount Purchased (a+b)                     $ 13,855,000

    a.  US Registered Funds
        (Appendix attached with individual Fund/Client purchase)   $ 11,050,000

    b.  Other BlackRock Clients                                       2,805,000

2.  Aggregate Principal Amount of Offering                         $301,575,000
</TABLE>

                                  Page 1 of 2

<PAGE>

Rule 10f-3 Report - Definitions                            [LOGO OF BLACKROCK]

<TABLE>
   <S>                                                                <C>
   FUND RATIO
   [Divide Sum of #1 by #2]
   Must be less than 0.25                                             0.04594
</TABLE>

<PAGE>

Rule 10f-3 Report - Definitions                            [LOGO OF BLACKROCK]

LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_] 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]
[X] Eligible Municipal Securities
[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
                                       operations]
[_] Government Securities Offering.... [Issuer must have 3 years of continuous
                                       operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X] 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.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X] YES  The securities were offered pursuant to an underwriting or similar
[_] NO   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.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X] YES  No affiliated underwriter was a direct or indirect participant in, or
[_] NO   benefited directly or indirectly from, the transaction.

Completed by:             Dipankar Banerjee                 Date:   01-16-2017
                          --------------------------------         ------------
                          Global Syndicate Team Member

Approved by:              Steven DeLaura                    Date:   01-16-2017
                          --------------------------------         ------------
                          Global Syndicate Team Member

<PAGE>

Rule 10f-3 Report - Definitions                            [LOGO OF BLACKROCK]


DEFINITIONS

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 by the
                               Funds and other accounts managed by BlackRock
                               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)

<PAGE>

Rule 10f-3 Report - Definitions                            [LOGO OF BLACKROCK]


TERM                           DEFINITION
Eligible Municipal Securities  The securities:

                               (a) 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;

                               (b) are sufficiently liquid that they can be
                                   sold at or near their carrying value within
                                   a reasonably short period of time; and

                               (c) either

                                   (1) are subject to no greater than moderate
                                       credit risk; or

                                   (2) if the issuer of the municipal
                                       securities, or the entity supplying the
                                       revenues 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, the securities are
                                       subject to a minimal or low amount of
                                       credit risk.

                               Also, purchases of municipal securities may not
                               be 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.

<PAGE>

Rule 10f-3 Report - Definitions                            [LOGO OF BLACKROCK]


TERM                           DEFINITION
U.S. Registered Public         The securities offered are registered under the
Offering.                      Securities Act of 1933 that are being offered
                               to the public.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>4
<FILENAME>77O46.txt
<TEXT>
<PAGE>

                                                            [LOGO OF BLACKROCK]

Rule 10f-3 Transaction Form

Acquisition of Securities During Affiliated Underwritings

PARTICIPATING FUNDS

..   U.S. Registered Funds (Name of Fund, Aladdin Ticker):
    ISHARES NATIONAL MUNI BOND ETF (ISHMUNI)
    ISHARES SHORT-TERM NATIONAL MUNI BOND ETF (NAT0-5)
    ISHARES NEW YORK MUNI BOND ETF (ISHNY)
    BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
    BlackRock Muni Intermediate Duration Fund, Inc. (MUI)
    BlackRock Strategic Municipal Opportunities Fund of BlackRock Series Trust
    (BR-SMO-IG)
    BlackRock Allocation Target Shares: Series E Portfolio (BATSE)
    BlackRock Municipal Income Investment Quality Trust (BAF)
    BlackRock Municipal Income Investment Trust (BBF)
    BlackRock Municipal Income Trust (BFK)
    BlackRock Municipal Income Trust II (BLE)
    BlackRock Strategic Municipal Trust (BSD)
    BlackRock Long-Term Municipal Advantage Trust (BTA)
    BlackRock Municipal Income Quality Trust (BYM)
    BlackRock MuniEnhanced Fund, Inc. (MEN)
    BlackRock MuniYield Investment Quality Fund (MFT)
    BlackRock MuniHoldings Fund, Inc. (MHD)
    BlackRock MuniYield Quality Fund II, Inc. (MQT)
    BlackRock MuniYield Quality Fund, Inc. (MQY)
    BlackRock MuniHoldings Fund II, Inc. (MUH)
    BlackRock MuniVest Fund II, Inc. (MVT)
    BlackRock MuniYield Fund, Inc. (MYD)
    BlackRock MuniYield Investment Fund (MYF)
    BlackRock MuniYield Quality Fund III, Inc. (MYI)
    BlackRock New York Municipal Opportunities Fund of BlackRock Multi-State Mu
    (BR-NYMO)
    BlackRock New York Municipal Income Trust II (BFY)
    BlackRock New York Municipal Income Trust (BNY)
    BlackRock New York Municipal Bond Trust (BQH)
    BlackRock New York Municipal Income Quality Trust (BSE)
    BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
    BlackRock MuniYield New York Quality Fund, Inc. (MYN)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

Date of Offering Commencement:  05-24-2017

Security Type:                  BND/MUNI

Issuer                          Hudson Yards Infrastructure Corporation econd
                                Indenture Revenue Bonds 2017 Series A

Selling Underwriter             Goldman Sachs & Co.

                                  Page 1 of 2

<PAGE>

Rule 10f-3 Report - Definitions                            [LOGO OF BLACKROCK]


   Affiliated Underwriter(s)  [X] PNC Capital Markets LLC
                              [_] Other:

   List of Underwriter(s)     Goldman Sachs & Co., Samuel A. Ramirez &
                              Company, Inc., J.P. Morgan Securities LLC, ,
                              Loop Capital Markets LLC, , Merrill Lynch,
                              Pierce, Fenner & Smith Incorporated, Citigroup
                              Global Markets Inc., Barclays Capital Inc.,
                              Citigroup Global Markets Inc., Jefferies LLC,
                              RBC Capital Markets, Raymond James &
                              Associates, Inc., Siebert Cisneros Shank &
                              Co., L.L.C., Wells Fargo Securities, LLC,
                              Academy Securities, Inc., Blaylock Beal Van,
                              LLC, BNY Mellon Capital Markets, LLC, ,
                              Cabrera Capital Markets, LLC, Drexel Hamilton,
                              LLC, Fidelity Capital Markets, FTN Financial
                              Capital Markets, Hilltop Securities Inc.,
                              Janney Montgomery Scott LL, Mesirow Financial
                              Inc, Mischler Financial Group, Morgan Stanley
                              & Co. LLC, Oppenheimer & Co, PNC Capital
                              Markets LLC, Roosevelt & Cross, Inc, Rice
                              Financial Products Company, Stern Brothers &
                              Co., Stifel Nicolaus & Company, Inc, TD
                              Securities (USA) LLC, U.S. Bancorp
                              Investments, Inc, The Williams Capital Group,
                              LP

   TRANSACTION DETAILS

   Date of Purchase           05-24-2017

<TABLE>
<S>                       <C>       <C>                                  <C>
Purchase Price/Share      $116.943
(PER SHARE / % OF PAR)    $119.318
                          $123.504
                          $122.006
                              $122
                          $119.712
                           $118.49
                          $117.468
                          $116.915
                          $116.092
                          $115.819
                          $104.668
                          $115.547  Total Commission, Spread or Profit   0.461%
</TABLE>

<TABLE>
<S>                                                                    <C>
1.  Aggregate Principal Amount Purchased (a+b)                         $  118,335,000

    a.  US Registered Funds
        (Appendix attached with individual Fund/Client purchase)       $   68,960,000

    b.  Other BlackRock Clients                                        $   49,375,000

2.  Aggregate Principal Amount of Offering                             $2,108,465,000

FUND RATIO
[Divide Sum of #1 by #2]
Must be less than 0.25                                                        0.05612
</TABLE>

<PAGE>

Rule 10f-3 Report - Definitions                            [LOGO OF BLACKROCK]

LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_] 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]
[X] Eligible Municipal Securities
[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
                                       operations]
[_] Government Securities Offering.... [Issuer must have 3 years of continuous
                                       operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X] 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.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X]  YES  The securities were offered pursuant to an underwriting or similar
[_]  NO   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.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X]  YES  No affiliated underwriter was a direct or indirect participant in,
[_]  NO   or benefited directly or indirectly from, the transaction.

Completed by:             Dipankar Banerjee               Date:     05-30-2017
                          --------------------------------         ------------
                          Global Syndicate Team Member

Approved by:              Steven DeLaura                  Date:     05-30-2017
                          --------------------------------         ------------
                          Global Syndicate Team Member

<PAGE>

Rule 10f-3 Report - Definitions                            [LOGO OF BLACKROCK]

DEFINITIONS

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 by the
                                       Funds and other accounts managed by
                                       BlackRock 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)

<PAGE>

Rule 10f-3 Report - Definitions                            [LOGO OF BLACKROCK]

TERM                                   DEFINITION
Eligible Municipal Securities          The securities:

                                       (a) 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;

                                       (b) are sufficiently liquid that they
                                           can be sold at or near their
                                           carrying value within a
                                           reasonably short period of time;
                                           and

                                       (c) either

                                           (1) are subject to no greater
                                               than moderate credit risk; or

                                           (2) if the issuer of the
                                               municipal securities, or the
                                               entity supplying the revenues
                                               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, the
                                               securities are subject to a
                                               minimal or low amount of
                                               credit risk.

                                       Also, purchases of municipal
                                       securities may not be 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.

<PAGE>

Rule 10f-3 Report - Definitions                            [LOGO OF BLACKROCK]

TERM                                   DEFINITION
U.S. Registered Public Offering.       The securities offered are registered
                                       under the Securities Act of 1933 that
                                       are being offered to the public.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
