SCHEDULE: JPMorgan Chase & Co. Divests BlackRock MuniVest Fund II Shares

JPMorgan Chase & Co. and DNT Asset Trust have fully divested their Variable Rate Muni Term Preferred Shares in BlackRock Munivest Fund II, Inc.

Summary

• JPMorgan Chase & Co. and DNT Asset Trust (collectively, the "Reporting Persons") filed Amendment No. 1 to their Schedule 13D.
• The amendment reports the sale of all Variable Rate Muni Term Preferred Shares ("Preferred Shares") of BlackRock Munivest Fund II, Inc. (the "Issuer").
• DNT Asset Trust sold the Preferred Shares in an open market transaction on February 19, 2026.
• The sale price was $100,173.1232819 per share.
• As a result of this transaction, the Reporting Persons no longer own any Preferred Shares of the Issuer.
• The Reporting Persons ceased to be beneficial owners of more than five percent of the class of securities on February 19, 2026.
• All voting and financing arrangements related to the Issuer's Preferred Shares have been terminated.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a factual report of a completed divestment by a beneficial owner, rather than an operational or financial performance update for the issuer.

Positives

• JPMorgan Chase & Co. and DNT Asset Trust successfully completed the divestment of their entire holding of Preferred Shares.

Negatives

• JPMorgan Chase & Co. and DNT Asset Trust no longer hold any interest in the Issuer's Preferred Shares.

Future Outlook

No forward-looking statements or guidance for the Issuer are provided in this filing, as it primarily reports a change in beneficial ownership by the Reporting Persons.

Industry Context

StockSavvy.ai notes that the divestment by a major financial institution like JPMorgan Chase & Co. from a specific fund's preferred shares is typically a portfolio management decision. While not indicative of broader industry trends, such moves can sometimes reflect a re-evaluation of asset allocation or specific investment strategies within the municipal bond or preferred share markets.

Stakeholder Impact

• Shareholders of BlackRock Munivest Fund II, Inc. will see a change in the composition of their major beneficial owners, with JPMorgan Chase & Co. and DNT Asset Trust no longer holding a significant stake.
• JPMorgan Chase & Co. and DNT Asset Trust no longer have direct exposure to the Variable Rate Muni Term Preferred Shares of the Issuer.

Key Dates

Keywords

JPMorgan Chase & Co., DNT Asset Trust, BlackRock Munivest Fund II, Schedule 13D/A, Preferred Shares, Divestment, Beneficial Ownership, SEC Filing