BLACKROCK MUNIYIELD QUALITY FUND II, INC.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-06660

Name of Fund:    BlackRock MuniYield Quality Fund II, Inc. (MQT)

Fund Address:    100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniYield Quality Fund II, Inc., 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 04/30/2017

Date of reporting period: 01/31/2017


Item 1 – Schedule of Investments

 


Schedule of Investments January 31, 2017 (Unaudited)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

(Percentages shown are based on Net Assets)

 

Municipal Bonds   

Par  

(000)

    Value  

Alabama — 1.2%

                

City of Birmingham Alabama Special Care Facilities Financing Authority, RB, Children’s Hospital (AGC), 6.00%, 6/01/19 (a)

   $ 650     $ 720,688  

City of Birmingham Albama, GO, Convertible CAB, Series A1, 5.00%, 3/01/45 (b)

     915       906,280  

County of Jefferson Alabama, RB, Limited Obligation School, Series A, 4.75%, 1/01/25

     2,000       2,008,140  
    

 

 

 
               3,635,108  

Alaska — 0.3%

    

Alaska Industrial Development & Export Authority, RB, Providence Health Services, Series A, 5.50%, 10/01/41

     850       941,469  

Arizona — 1.4%

    

City of Phoenix Arizona Civic Improvement Corp., Refunding RB, Senior Lien, AMT, 5.00%, 7/01/32

     1,000       1,104,860  

County of Maricopa Arizona IDA, Refunding RB, Banner Health Obligation Group, Series A:

    

3.25%, 1/01/37

     630       572,821  

5.00%, 1/01/38

     345       388,653  

State of Arizona, COP, Department of Administration, Series A (AGM):

    

5.00%, 10/01/27

     1,075       1,164,300  

5.00%, 10/01/29

     925       1,000,832  
    

 

 

 
               4,231,466  

California — 17.5%

    

Alameda Corridor Transportation Authority, Refunding RB, CAB, Subordinate Lien, Series A (AMBAC), 5.45%, 10/01/17 (a)

     7,150       7,369,291  

Cabrillo Community College District, GO, CAB, Election of 2004, Series B (NPFGC), 0.00%, 8/01/38 (c)

     4,800       1,732,032  

California Health Facilities Financing Authority, RB: St. Joseph Health System, Series A, 5.75%, 7/01/39

     500       543,270  

Sutter Health, Series B, 5.88%, 8/15/31

     1,000       1,140,580  

California Health Facilities Financing Authority, Refunding RB, St. Joseph Health System, Series A, 5.00%, 7/01/37

     945       1,044,669  
Municipal Bonds   

Par  

(000)

    Value  

California (continued)

                

California State University, RB, Systemwide, Series A (a):

    

5.50%, 5/01/19

   $ 1,000     $ 1,096,260  

(AGC), 5.25%, 5/01/19

     3,000       3,272,160  

California Statewide Communities Development Authority, RB, Kaiser Permanente, Series A, 5.00%, 4/01/42

     1,290       1,402,282  

City of San Jose California, Refunding ARB, Series A-1, AMT, 5.75%, 3/01/34

     700       790,251  

Coast Community College District, GO, CAB, Election of 2002, Series C (AGM), 5.00%, 8/01/18 (a)

     1,800       1,908,180  

County of San Diego California Water Authority, COP, Refunding, Series A (AGM), 5.00%, 5/01/18 (a)

     2,015       2,116,999  

County of San Joaquin California Transportation Authority, Refunding RB, Limited Tax, Measure K, Series A, 6.00%, 3/01/36

     575       665,361  

El Monte Union High School District, GO, Series C (AGM), 5.25%, 6/01/18 (a)

     4,000       4,226,120  

Los Angeles Community College District California, GO, Election of 2001, Series A (a):

    

(AGM), 5.00%, 8/01/17

     2,200       2,246,816  

(NPFGC), 5.00%, 8/01/17

     4,330       4,422,143  

Monterey Peninsula Community College District, GO, CAB, Series C, 0.00%, 2/01/18 (a)(c)

     11,975       7,000,705  

Mount San Antonio Community College District, GO, Refunding, CAB, Election of 2008, Series A, 6.25%, 8/01/43 (b)

     5,000       3,532,150  

San Diego California Unified School District, GO, Election of 2008 (c):

    

CAB, Series C, 0.00%, 7/01/38

     1,400       558,180  

CAB, Series G, 0.00%, 7/01/34

     580       254,968  

CAB, Series G, 0.00%, 7/01/35

     615       254,093  

CAB, Series G, 0.00%, 7/01/36

     920       357,015  

CAB, Series G, 0.00%, 7/01/37

     615       224,696  
 

 

                
   BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017    1


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Municipal Bonds    Par  
(000)
    Value  

California (continued)

                

San Diego California Unified School District, GO, Refunding, CAB, Series R-1, 0.00%, 7/01/31 (c)

   $ 1,110     $ 629,781  

San Diego Community College District California, GO, CAB, Election of 2006 (c):

    

0.00%, 8/01/31

     1,855       950,984  

0.00%, 8/01/32

     2,320       1,113,391  

San Marcos Unified School District, GO, Election of 2010, Series A:

    

5.00%, 8/01/34

     600       667,998  

5.00%, 8/01/38

     490       544,865  

State of California, GO, Various Purposes, 5.00%, 4/01/42

     1,500       1,662,225  

Yosemite Community College District, GO, CAB, Election of 2004, Series D (c):

    

0.00%, 8/01/36

     2,000       874,100  

0.00%, 8/01/37

     2,790       1,166,360  
    

 

 

 
               53,767,925  

Colorado — 2.0%

    

E-470 Public Highway Authority, Refunding RB, CAB, Series B (NPFGC), 0.00%, 9/01/32 (c)

     5,500       2,412,795  

Regional Transportation District, COP, Refunding, Series A, 5.38%, 6/01/31

     1,000       1,099,250  

Regional Transportation District, COP, Series A, 5.00%, 6/01/39

     2,500       2,733,525  
    

 

 

 
               6,245,570  

Florida — 12.3%

    

City of Tallahassee Florida Energy System Revenue, RB, (NPFGC), 5.00%, 10/01/37

     4,000       4,092,600  

County of Brevard Florida Health Facilities Authority, Refunding RB, Health First, Inc. Project, 5.00%, 4/01/39

     1,420       1,506,734  

County of Broward Florida School Board, COP, Series A (AGM), 5.25%, 7/01/18 (a)

     1,000       1,059,040  

County of Duval Florida School Board, COP, Master Lease Program (AGM), 5.00%, 7/01/17 (a)

     7,875       8,013,600  

County of Highlands Florida Health Facilities Authority, RB, Adventist Health System/Sunbelt, Series B, 6.00%, 11/15/37

     550       608,619  
Municipal Bonds   

Par  

(000)

    Value  

Florida (continued)

                

County of Hillsborough Florida Aviation Authority, RB, Series A, AMT (AGC), 5.38%, 10/01/33

   $ 3,250     $ 3,423,192  

County of Lee Florida, Refunding ARB, Series A, AMT:

    

5.63%, 10/01/26

     825       927,168  

5.38%, 10/01/32

     1,100       1,217,656  

County of Miami-Dade Florida, RB:

    

Jackson Health System (AGC), 5.63%, 6/01/34

     900       970,992  

Seaport Department, Series A, 6.00%, 10/01/38

     1,780       2,076,993  

Seaport Department, Series B, AMT, 6.25%, 10/01/38

     360       426,380  

Seaport Department, Series B, AMT, 6.00%, 10/01/42

     580       668,125  

Seaport, Series B, AMT, 6.00%, 10/01/30

     570       668,371  

County of Miami-Dade Florida Aviation, Refunding ARB, AMT:

    

5.00%, 10/01/34

     160       173,101  

Series A, 5.00%, 10/01/32

     1,730       1,878,936  

County of Miami-Dade Florida Educational Facilities Authority, RB, University Miami, Series A, 5.00%, 4/01/40

     2,635       2,874,416  

County of Orange Health Facilities Authority, Refunding RB, Presbyterian Retirement Communities Project, 5.00%, 8/01/47

     700       733,432  

County of Palm Beach Florida Solid Waste Authority, Refunding RB, Series B:

    

5.00%, 10/01/21 (a)

     30       34,480  

5.00%, 10/01/31

     1,870       2,089,725  

County of Sarasota Florida Public Hospital District, RB, Sarasota Memorial Hospital Project, Series A, 5.63%, 7/01/39

     250       267,415  

Florida Ports Financing Commission, Refunding RB, State Transportation Trust Fund, Series B, AMT, 5.38%, 10/01/29

     2,400       2,711,664  
 

 

 

                
2    BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017   


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Municipal Bonds   

Par  

(000)

    Value  

Florida (continued)

                

Reedy Creek Improvement District, GO, Series A, 5.25%, 6/01/33

   $ 1,040     $ 1,193,400  
    

 

 

 
               37,616,039  

Georgia — 0.7%

    

County of Burke Georgia Development Authority, Refunding RB, Oglethorpe Power-Vogtle Project, Series C, 5.70%, 1/01/43

     1,000       1,031,290  

County of Gainesville Georgia & Hall Hospital Authority, Refunding RB, Northeast Georgia Health System, Inc. Project, Series A, 5.50%, 8/15/54

     440       505,151  

Private Colleges & Universities Authority, RB, Savannah College of Art & Design:

    

5.00%, 4/01/33

     120       127,560  

5.00%, 4/01/44

     550       576,609  
    

 

 

 
               2,240,610  

Illinois — 13.1%

    

City of Chicago Illinois, GO, Refunding, Series A, Project, 5.25%, 1/01/33

     1,045       1,002,500  

City of Chicago Illinois, GO, Series A, 5.25%, 1/01/35

     2,000       1,910,480  

City of Chicago Illinois, Refunding RB, Sales Tax Receipts, Series A, 5.00%, 1/01/41

     390       395,753  

City of Chicago Illinois Midway International Airport, Refunding RB, 2nd Lien, Series A, AMT, 5.00%, 1/01/34

     505       539,325  

City of Chicago Illinois O’Hare International Airport, GARB, 3rd Lien, Series A, 5.75%, 1/01/39

     2,000       2,244,220  

City of Chicago Illinois O’Hare International Airport, RB, Senior Lien, Series D, 5.25%, 1/01/42

     2,585       2,921,877  

City of Chicago Illinois O’Hare International Airport, Refunding GARB, Senior Lien, Series C, AMT, 5.38%, 1/01/39

     3,235       3,540,255  

City of Chicago Illinois Transit Authority, RB, Sales Tax Receipts, 5.25%, 12/01/36

     515       550,241  

Illinois Finance Authority, RB, Carle Foundation, Series A, 5.75%, 8/15/34

     400       449,056  
Municipal Bonds   

Par  

(000)

    Value  

Illinois (continued)

                

Illinois Finance Authority, Refunding RB: Central Dupage Health, Series B, 5.50%, 11/01/39

   $ 2,070     $ 2,280,395  

Silver Cross Hospital and Medical Centers, 4.13%, 8/15/37

     615       600,818  

Silver Cross Hospital and Medical Centers, 5.00%, 8/15/44

     305       319,674  

Illinois Sports Facilities Authority, RB, State Tax Supported (AMBAC), 5.50%, 6/15/30

     10,865       11,133,474  

Metropolitan Pier & Exposition Authority, RB, McCormick Place Expansion Project:

    

CAB (NPFGC), 0.00%, 12/15/36 (c)

     10,000       3,762,400  

Series A, 5.00%, 6/15/42 (d)

     1,075       1,092,136  

Metropolitan Pier & Exposition Authority, Refunding RB, CAB, McCormick Place Expansion Project, Series B (AGM), 0.00%, 6/15/44 (c)

     2,980       721,398  

Railsplitter Tobacco Settlement Authority, RB, 6.00%, 6/01/28

     575       653,723  

Regional Transportation Authority, RB, Series B (NPFGC), 5.75%, 6/01/33

     2,000       2,491,800  

State of Illinois, GO:

    

5.25%, 2/01/33

     735       748,781  

5.50%, 7/01/33

     710       739,919  

5.25%, 2/01/34

     735       747,039  

5.50%, 7/01/38

     380       392,829  

University of Illinois, RB, Auxiliary Facilities System, Series A, 5.00%, 4/01/39

     805       867,685  
    

 

 

 
               40,105,778  

Indiana — 2.0%

    

Indiana Finance Authority, RB, Series A:

    

CWA Authority Project, 1st Lien, 5.25%, 10/01/38

     1,000       1,124,260  

Private Activity Bond, Ohio River Bridges East End Crossing Project, AMT, 5.00%, 7/01/44

     445       460,526  

Private Activity Bond, Ohio River Bridges, AMT, 5.00%, 7/01/40

     770       781,273  
 

 

 

                
   BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017    3


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Municipal Bonds   

Par  

(000)

    Value  

Indiana (continued)

                

Indianapolis Local Public Improvement Bond Bank, Refunding RB, Waterworks Project, Series A:

    

5.75%, 1/01/19 (a)

   $ 390     $ 423,829  

5.75%, 1/01/38

     1,610       1,742,921  

(AGC), 5.50%, 1/01/19 (a)

     310       335,426  

(AGC), 5.50%, 1/01/38

     1,265       1,363,227  
    

 

 

 
               6,231,462  

Iowa — 2.7%

    

Iowa Finance Authority, RB, Iowa Health Care Facilities, Series A (AGC), 5.63%, 8/15/19 (a)

     4,925       5,459,510  

Iowa Student Loan Liquidity Corp., RB, Senior Series A-2, AMT:

    

5.60%, 12/01/26

     815       874,471  

5.70%, 12/01/27

     815       869,719  

5.80%, 12/01/29

     555       590,842  

5.85%, 12/01/30

     575       612,593  
    

 

 

 
               8,407,135  

Kentucky — 0.7%

    

State of Kentucky Property & Building Commission, Refunding RB, Project No.93 (AGC), 5.25%, 2/01/29

     225       240,464  

State of Kentucky Property & Building Commission, Refunding RB, Project No. 93 (AGC), 5.25%, 2/01/19 (a)

     1,775       1,916,805  
    

 

 

 
               2,157,269  

Louisiana — 1.6%

    

City of New Orleans Louisiana Aviation Board, RB, Series B, AMT, 5.00%, 1/01/40

     2,620       2,794,361  

Louisiana Public Facilities Authority, RB, Provident Group-Flagship Properties LLC, Series A, 5.00%, 7/01/56

     690       729,178  

Louisiana Public Facilities Authority, Refunding RB, Christus Health, Series B (AGC), 6.50%, 7/01/30

     1,150       1,241,379  
    

 

 

 
               4,764,918  

Massachusetts — 3.6%

    

Massachusetts Development Finance Agency, RB, Emerson College Issue, Series A, 5.00%, 1/01/47

     1,855       1,971,197  
Municipal Bonds    Par   (000)     Value  

Massachusetts (continued)

                

Massachusetts Development Finance Agency, Refunding RB, Emmanuel College Issue, Series A, 5.00%, 10/01/43

   $ 330     $ 348,361  

Massachusetts HFA, Refunding RB, Series C, AMT:

    

5.00%, 12/01/30

     3,870       3,994,537  

5.35%, 12/01/42

     755       800,451  

Massachusetts School Building Authority, RB, Dedicated Sales Tax, Senior Series A, 5.00%, 5/15/43

     1,110       1,243,755  

Massachusetts Water Resources Authority, Refunding RB, General, Series A (NPFGC), 5.00%, 8/01/34

     2,530       2,576,097  
    

 

 

 
               10,934,398  

Michigan — 5.6%

    

City of Detroit Michigan, Refunding RB, Sewage Disposal System, Series A (BHAC), 5.50%, 7/01/18 (a)

     4,500       4,774,905  

City of Detroit Michigan Sewage Disposal System, Refunding RB, 2nd Lien, Series E (BHAC), 5.75%, 7/01/18 (a)

     2,200       2,342,098  

City of Detroit Michigan Water Supply System Revenue, RB:

    

2nd Lien, Series B (AGM), 6.25%, 7/01/19 (a)

     350       391,349  

Senior Lien, Series A, 5.25%, 7/01/41

     1,600       1,704,176  

City of Lansing Michigan, RB, Board of Water & Light Utilities System, Series A, 5.50%, 7/01/41

     1,700       1,923,006  

Michigan Finance Authority, RB, Beaumont Health Credit Group, 4.00%, 11/01/46

     20       19,523  

Michigan Finance Authority, Refunding RB:

    

Henry Ford Health System, 3.25%, 11/15/42

     780       637,237  

Trinity Health Credit Group, 5.00%, 12/01/21 (a)

     15       17,327  

Royal Oak Hospital Finance Authority Michigan, Refunding RB, William Beaumont Hospital, Series D, 5.00%, 9/01/39

     720       769,500  
 

 

 

                
4    BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017   


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Municipal Bonds   

Par  

(000)

    Value  

Michigan (continued)

                

State of Michigan Building Authority, Refunding RB, Facilities Program:

    

Series I-A, 5.38%, 10/15/41

   $ 600     $ 666,498  

Series II-A, 5.38%, 10/15/36

     1,000       1,112,230  

Series II-A (AGM), 5.25%, 10/15/36

     1,900       2,105,485  

State of Michigan HDA, RB, S/F Housing, Series C, AMT, 5.50%, 12/01/28

     460       479,628  

Western Michigan University, Refunding RB, General, University and College Improvements (AGM), 5.00%, 11/15/39

     340       372,932  
    

 

 

 
               17,315,894  

Minnesota — 0.6%

    

City of Minneapolis Minnesota, Refunding RB, Fairview Health Services, Series B (AGC):

    

6.50%, 11/15/18 (a)

     275       301,073  

6.50%, 11/15/38

     1,525       1,646,878  
    

 

 

 
               1,947,951  

Nebraska — 0.9%

    

Central Plains Energy Project Nebraska, RB, Gas Project No. 3, 5.25%, 9/01/37

     2,650       2,872,097  

Nevada — 1.0%

    

County of Clark Nevada, ARB, Las Vegas-McCarran International Airport, Series A:

    

5.25%, 7/01/42

     1,000       1,081,560  

(AGM), 5.25%, 7/01/39

     1,700       1,839,655  
    

 

 

 
               2,921,215  

New Jersey — 10.0%

    

New Jersey EDA, RB:

    

Goethals Bridge Replacement Project, AMT, Private Activity Bond, 5.38%, 1/01/43

     790       834,991  

Motor Vehicle Surcharge, Series A (NPFGC), 5.25%, 7/01/33

     6,700       6,873,865  

Private Activity Bond, Goethals Bridge Replacement Project, AMT, 5.13%, 1/01/34

     610       642,531  

Series WW, 5.25%, 6/15/33

     135       137,741  

Series WW, 5.00%, 6/15/34

     180       179,782  

Series WW, 5.00%, 6/15/36

     800       798,968  

Series WW, 5.25%, 6/15/40

     320       324,090  
Municipal Bonds   

Par  

(000)

    Value  

New Jersey (continued)

                

New Jersey Higher Education Student Assistance Authority, Refunding RB, Series 1, AMT:

    

5.50%, 12/01/25

   $ 360     $ 391,882  

5.50%, 12/01/26

     255       276,922  

5.75%, 12/01/28

     140       152,372  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, M/F Housing, Series 2, AMT, 4.35%, 11/01/33

     840       854,927  

New Jersey Transportation Trust Fund Authority, RB:

    

Transportation Program, Series AA, 5.25%, 6/15/33

     1,290       1,315,800  

Transportation Program, Series AA, 5.00%, 6/15/38

     1,560       1,551,794  

Transportation System, Series A, 5.50%, 6/15/41

     4,265       4,355,930  

Transportation System, Series A (NPFGC), 5.75%, 6/15/25

     1,400       1,619,646  

Transportation System, Series AA, 5.50%, 6/15/39

     4,650       4,831,768  

Transportation System, Series B, 5.00%, 6/15/42

     5,035       4,998,899  

Transportation System, Series D, 5.00%, 6/15/32

     525       530,759  
    

 

 

 
               30,672,667  

New Mexico — 0.1%

    

New Mexico Hospital Equipment Loan Council, Refunding RB, Presbyterian Healthcare Services, 5.00%, 8/01/44

     325       358,816  

New York — 5.4%

    

City of New York New York Municipal Water Finance Authority, Refunding RB, Second General Resolution, Fiscal 2012, Series BB, 5.25%, 6/15/44

     1,250       1,413,713  

City of New York New York Transitional Finance Authority, BARB, Fiscal 2009, Series S-4, 5.50%, 1/15/33

     3,035       3,272,549  

City of New York New York Transitional Finance Authority, Refunding RB, Future Tax Secured, Series B, 5.00%, 11/01/32

     2,200       2,519,418  

Hudson Yards Infrastructure Corp., RB, Series A, 5.75%, 2/15/47

     610       690,441  
 

 

 

                
   BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017    5


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Municipal Bonds   

Par  

(000)

    Value  

New York (continued)

 

       

New York Transportation Development Corp., RB, LaGuardia Airport Terminal B Redevelopment Project, Series A, AMT, 5.25%, 1/01/50

   $ 5,600     $ 5,907,664  

State of New York HFA, RB, Affordable Housing, M/F Housing, Series B, AMT, 5.30%, 11/01/37

     2,835       2,857,595  
    

 

 

 
               16,661,380  

Ohio — 0.7%

 

 

County of Lucas Ohio, Refunding RB, Promedica Healthcare, Series A, 6.50%, 11/15/37

     460       542,538  

State of Ohio Turnpike Commission, RB, Junior Lien, Infrastructure Projects, Series A-1:

    

5.25%, 2/15/32

     610       693,588  

5.25%, 2/15/33

     850       963,441  
    

 

 

 
               2,199,567  

Pennsylvania — 6.8%

 

 

Commonwealth Financing Authority, RB, Series B, 5.00%, 6/01/42

     2,110       2,289,392  

Pennsylvania Economic Development Financing Authority, RB, AMT:

    

Pennsylvania Bridge Finco LP, 5.00%, 6/30/42

     3,300       3,482,457  

Pennsylvania Rapid Bridge Finco LP, 5.00%, 12/31/34

     2,220       2,369,339  

Pennsylvania Rapid Bridge Finco LP, 5.00%, 12/31/38

     1,155       1,217,936  

Pennsylvania Higher Educational Facilities Authority, Refunding RB, Thomas Jefferson University, Series A, 5.25%, 9/01/50

     3,625       3,987,754  

Pennsylvania Turnpike Commission, RB:

    

Series A, 5.00%, 12/01/38

     550       604,092  

Series A-1, 5.00%, 12/01/41

     730       804,891  

Series B, 5.00%, 12/01/40

     285       313,363  

Series C, 5.50%, 12/01/33

     490       567,783  

Subordinate, Special Motor License Fund, 6.00%, 12/01/20 (a)

     500       584,140  

Subordinate, Special Motor License Fund, 5.50%, 12/01/41

     2,245       2,481,780  
Municipal Bonds   

Par  

(000)

    Value  

Pennsylvania (continued)

 

       

Pennsylvania Turnpike Commission, Refunding RB, Series A-1, 5.00%, 12/01/40

   $ 680     $ 743,886  

Philadelphia School District, GO, Series E (a):

    

2016, 6.00%, 9/01/18

     1,285       1,383,328  

6.00%, 9/01/18

     15       16,148  
    

 

 

 
               20,846,289  

Rhode Island — 1.1%

 

 

Rhode Island Commerce Corp., RB, Airport Corporation, 5.00%, 7/01/41

     190       208,217  

Tobacco Settlement Financing Corp., Refunding RB, Series B:

    

4.50%, 6/01/45

     945       892,902  

5.00%, 6/01/50

     2,340       2,344,587  
    

 

 

 
               3,445,706  

South Carolina — 6.9%

    

County of Charleston South Carolina Airport District, ARB, Series A, AMT, 5.50%, 7/01/41

     1,360       1,504,364  

South Carolina Jobs EDA, Refunding RB, Palmetto Health, Series A (AGM), 6.50%, 8/01/39

     100       116,554  

South Carolina Ports Authority, RB, AMT, 5.25%, 7/01/50

     2,040       2,208,525  

South Carolina Transportation Infrastructure Bank, RB, Series A, 5.25%, 10/01/40

     3,420       3,720,652  

State of South Carolina Public Service Authority, RB, Santee Cooper:

    

Series A, 5.50%, 12/01/54

     6,435       7,247,419  

Series E, 5.50%, 12/01/53

     2,820       3,171,203  

State of South Carolina Public Service Authority, Refunding RB:

    

Santee Cooper, Series B, 5.00%, 12/01/38

     1,840       2,039,382  

Series E, 5.25%, 12/01/55

     940       1,029,591  
    

 

 

 
               21,037,690  

Texas — 16.0%

 

 

Central Texas Turnpike System, Refunding RB, CAB, Series B, 0.00%, 8/15/37 (c)

     780       332,147  

City of San Antonio Texas Public Service Board, RB, Junior Lien, 5.00%, 2/01/38

     500       559,195  

County of Midland Texas Fresh Water Supply District No. 1, RB, CAB, City of Midland Project, Series A, 0.00%, 9/15/36 (c)

     1,850       812,871  
 

 

 

                
6    BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017   


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Municipal Bonds   

Par  

(000)

    Value  

Texas (continued)

                

County of Tarrant Texas Cultural Education Facilities Finance Corp., Refunding RB, Cook Children’s Medical Center, 5.25%, 12/01/39

   $ 750     $ 836,842  

Dallas-Fort Worth International Airport, ARB, Joint Improvement, AMT:

    

Series D, 5.00%, 11/01/38

     1,800       1,935,072  

Series D, 5.00%, 11/01/42

     1,140       1,223,984  

Series H, 5.00%, 11/01/32

     2,715       2,946,074  

Dallas-Fort Worth International Airport, Refunding ARB, Series F, 5.25%, 11/01/33

     865       991,048  

Leander ISD, GO, Refunding, CAB, Series D,
0.00%, 8/15/38 (c)

     3,020       1,223,040  

Lone Star College System, GO, 5.00%, 8/15/18 (a)

     3,000       3,181,500  

North Texas Tollway Authority, RB, Convertible CAB, Series C, 6.75%, 9/01/45 (b)

     10,000       10,890,200  

North Texas Tollway Authority, Refunding RB:

    

1st Tier System (NPFGC),
5.75%, 1/01/18 (a)

     1,350       1,408,603  

1st Tier System (NPFGC), 5.75%, 1/01/40

     435       450,543  

1st Tier System, Series A,
6.00%, 1/01/19 (a)

     1,965       2,143,953  

1st Tier System, Series A (NPFGC), 6.00%, 1/01/28

     450       488,201  

1st Tier System, Series S, 5.75%, 1/01/18 (a)

     1,815       1,893,789  

1st Tier, Series K-1 (AGC), 5.75%, 1/01/19 (a)

     3,400       3,693,590  

Series B, 5.00%, 1/01/40

     530       585,549  

San Antonio Public Facilities Corp., Refunding RB, Convention Center Refinancing and Expansion Project, CAB (c):

    

0.00%, 9/15/35

     1,150       494,408  

0.00%, 9/15/36

     3,875       1,571,157  

0.00%, 9/15/37

     17,775       6,780,451  

Texas Municipal Gas Acquisition & Supply Corp. III, RB:

    

5.00%, 12/15/32

     1,765       1,875,454  

Natural Gas Utility Improvements, 5.00%, 12/15/31

     1,030       1,097,815  
Municipal Bonds   

Par  

(000)

    Value  

Texas (continued)

                

Texas Private Activity Bond Surface Transportation Corp., RB, Senior Lien, AMT, Blueridge Transportation Group, 5.00%, 12/31/45

   $ 1,135     $ 1,190,797  

Texas Transportation Commission, Refunding RB, Central Texas Turnpike System, 1st Tier, Series A, 5.00%, 8/15/41

     605       659,226  
    

 

 

 
               49,265,509  

Washington — 1.9%

    

Port of Seattle Washington, RB, Series C, AMT, 5.00%, 4/01/40

     900       983,718  

Washington Health Care Facilities Authority, RB:

    

MultiCare Health System, Remarketing, Series B, 5.00%, 8/15/44

     3,000       3,240,420  

Providence Health & Services, Series A, 5.00%, 10/01/39

     1,000       1,064,940  

Providence Health & Services, Series A, 5.25%, 10/01/39

     550       591,404  
    

 

 

 
               5,880,482  

Wisconsin — 0.4%

    

State of Wisconsin Health & Educational Facilities Authority, RB, Ascension Health Senior Credit Group, Series E, 5.00%, 11/15/33

     1,200       1,300,932  
Total Municipal Bonds 116.5%       358,005,342  
 
           
Municipal Bonds Transferred to Tender
Option Bond Trusts (e)
        

Arizona — 0.3%

    

City of Phoenix Arizona Civic Improvement Corp., Refunding RB, Water System, Junior Lien, Series A, 5.00%, 7/01/19 (a)

     1,000       1,089,990  

California — 1.8%

    

County of San Diego California Water Authority Financing Corp., COP, Refunding, Series A (AGM) (a):

    

5.00%, 5/01/18

     503       528,123  

5.00%, 5/01/18

     2,527       2,655,256  
 

 

 

                
   BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017    7


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (e)
  

Par  

(000)

    Value  

California (continued)

                

Los Angeles Community College District California, GO, Refunding, Election of 2008, Series A, 6.00%, 8/01/19 (a)

   $ 1,699     $ 1,900,143  

San Diego Community College District California, GO, Election of 2002, 5.25%, 8/01/19 (a)

     359       394,680  
    

 

 

 
               5,478,202  

Colorado — 1.3%

    

Colorado Health Facilities Authority, Refunding RB, Catholic Health Initiatives, Series A:

    

5.50%, 7/01/34 (d)

     780       809,893  

5.00%, 2/01/41

     3,000       3,103,170  
    

 

 

 
               3,913,063  

Connecticut — 0.4%

    

Connecticut State Health & Educational Facility Authority, Refunding RB, Trinity Health Credit Group, 5.00%, 12/01/45

     1,231       1,345,565  

District of Columbia — 1.6%

    

District of Columbia, RB, Series A, 5.50%, 12/01/30 (d)

     855       948,280  

District of Columbia Water & Sewer Authority, Refunding RB, Senior Lien, Series A, 6.00%, 10/01/18 (a)(d)

     1,579       1,707,658  

Metropolitan Washington Airports Authority, Refunding ARB, Series A, AMT, 5.00%, 10/01/30

     2,190       2,431,666  
    

 

 

 
               5,087,604  

Florida — 8.1%

    

City of Miami Beach Florida, RB, 5.00%, 9/01/45

     2,740       3,057,429  

County of Miami-Dade Florida, Refunding RB, Transit System Sales Surtax, 5.00%, 7/01/42

     1,540       1,692,984  

County of Miami-Dade Florida Expressway Authority, Refunding RB, Series A (AGC), 5.00%, 7/01/35

     2,100       2,302,293  

County of Miami-Dade Florida Water & Sewer System, (AGC), 5.00%, 10/01/39

     6,901       7,574,587  

County of Orange Florida School Board, COP, Series A (AGC), 5.50%, 8/01/19 (a)

     3,394       3,749,070  

County of Seminole Florida, Refunding RB, Series B (NPFGC), 5.25%, 10/01/31

     4,200       5,173,602  
Municipal Bonds Transferred to Tender
Option Bond Trusts (e)
  

Par  

(000)

    Value  

Florida (continued)

                

State of Florida Board of Education, GO, Refunding, Series C, 5.00%, 6/01/18

   $ 1,189     $ 1,218,072  
    

 

 

 
               24,768,037  

Illinois — 7.6%

    

City of Chicago Illinois, Refunding RB, Waterworks, 2nd Lien (AGM), 5.25%, 11/01/33

     2,548       2,644,931  

Regional Transportation Authority, RB, 6.50%, 7/01/26

     10,000       12,783,288  

State of Illinois, RB, Build Illinois, Series B, 5.25%, 6/15/19 (a)(d)

     1,130       1,234,321  

State of Illinois Toll Highway Authority, RB:

    

Senior Priority, Series B, 5.50%, 1/01/18 (a)

     3,499       3,644,323  

Senior, Series B, 5.00%, 1/01/40

     930       1,024,428  

Series A, 5.00%, 1/01/38

     1,859       2,042,877  
    

 

 

 
               23,374,168  

Maryland — 0.9%

    

City of Baltimore Maryland Water Utility Fund, RB, Sub-Water Projects, Series A, 5.00%, 7/01/41

     2,478       2,802,031  

Massachusetts — 0.5%

    

Commonwealth of Massachusetts, GO, Series A, 5.00%, 3/01/46

     1,321       1,473,404  

Michigan — 2.6%

    

Michigan Finance Authority, RB, Beaumont Health Credit Group, 5.00%, 11/01/44

     1,750       1,891,839  

Michigan Finance Authority, Refunding RB, Hospital, Trinity Health Credit Group, 5.00%, 12/01/39

     4,675       5,235,486  

Michigan State Building Authority, Refunding RB, Facilities Program, Series I, 5.00%, 10/15/45

     760       835,894  
    

 

 

 
               7,963,219  

Nevada — 2.9%

    

City of Las Vegas Nevada, GO, Limited Tax, Performing Arts Center, 6.00%, 4/01/19 (a)(d)

     3,298       3,635,883  

County of Clark Nevada Water Reclamation District, GO, Limited Tax, Series B, 5.75%, 7/01/19 (a)

     1,574       1,744,562  
 

 

 

                
8    BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017   


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (e)
  

Par  

(000)

    Value  

Nevada (continued)

                

Las Vegas Valley Water District Nevada, GO, Refunding, Water Improvement, Series A, 5.00%, 6/01/46

   $ 3,080     $ 3,476,396  
    

 

 

 
               8,856,841  

New Jersey — 0.8%

    

County of Hudson New Jersey Improvement Authority, RB, Hudson County Vocational-Technical Schools Project, 5.25%, 5/01/51

     720       818,791  

New Jersey Transportation Trust Fund Authority, RB, Transportation System, Series B, 5.25%, 6/15/36 (d)

     1,580       1,605,522  
    

 

 

 
               2,424,313  

New York — 5.8%

    

City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System, Fiscal 2009, Series A:

    

5.75%, 6/15/18 (a)

     242       255,720  

5.75%, 6/15/40

     808       855,242  

City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution, Fiscal 2013, Series CC, 5.00%, 6/15/47

     4,920       5,459,996  

City of New York New York Water & Sewer System, Refunding RB, 2nd General Resolution, Fiscal 2014, Series DD, 5.00%, 6/15/35

     1,470       1,667,259  

Metropolitan Transportation Authority, RB, Sub-Series D-1, 5.25%, 11/15/44

     3,080       3,514,372  

Metropolitan Transportation Authority, Refunding RB, Series C-1, 5.25%, 11/15/56

     1,340       1,517,162  

Port Authority of New York & New Jersey, Refunding RB, Consolidated, 198th Series, 5.25%, 11/15/56

     2,001       2,288,315  

State of New York Dormitory Authority, ERB, Series B, 5.75%, 3/15/36

     996       1,085,318  
Municipal Bonds Transferred to Tender
Option Bond Trusts (e)
  

Par  

(000)

    Value  

New York (continued)

                

Triborough Bridge & Tunnel Authority, RB, General, Series A-2, 5.25%, 11/15/34 (d)

   $ 1,200     $ 1,281,732  
    

 

 

 
               17,925,116  

Ohio — 0.2%

    

State of Ohio, RB, Cleveland Clinic Health Obligated Group, Series B, 5.50%, 1/01/34

     500       533,910  

Pennsylvania — 0.3%

    

County of Westmoreland Pennsylvania Municipal Authority, RB, Westmoreland County, Pennsyllvania (BAM), 5.00%, 8/15/42

     800       880,456  

South Carolina — 0.4%

    

South Carolina Public Service Authority, Refunding RB, Series A (a):

    

5.50%, 1/01/19

     90       97,052  

5.50%, 1/01/19

     1,037       1,122,199  
    

 

 

 
               1,219,251  

Texas — 5.6%

    

Clear Creek Independent School District, GO, Refunding, Schoolbuilding (PSF-GTD):

    

5.00%, 2/15/33 (a)

     1,565       1,567,247  

5.00%, 2/15/33

     335       335,907  

County of Harris Texas Cultural Education Facilities Finance Corp., RB, Texas Children’s Hospital Project, 5.50%, 10/01/39

     4,000       4,362,200  

County of Tarrant Texas Cultural Education Facilities Finance Corp., Refunding RB, Texas Health Resources System, Series A, 5.00%, 2/15/41

     3,080       3,422,866  

Cypress-Fairbanks ISD, GO, Refunding, Schoolhouse (PSF-GTD):

    

5.00%, 2/15/32 (a)

     5,066       5,074,660  

5.00%, 2/15/32

     184       184,055  
 

 

 

                
   BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017    9


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

Municipal Bonds Transferred to Tender
Option Bond Trusts (e)
  

Par  

(000)

    Value  

Texas (continued)

                

Dallas Fort Worth International Airport, ARB, Series H, AMT, 5.00%, 11/01/37

   $ 1,996     $ 2,146,298  
    

 

 

 
               17,093,233  

Virginia — 0.1%

    

County of Fairfax Virginia IDA, Refunding RB, Health Care, Inova Health System:

    

5.50%, 5/15/19 (a)

     105       113,911  

5.50%, 5/15/35

     195       211,631  
    

 

 

 
               325,542  

Washington — 1.0%

    

Washington Health Care Facilities Authority, Refunding RB, Seattle Children’s Hospital, Series B, 5.00%, 10/01/38

     2,565       2,965,063  

Wisconsin — 1.8%

    

Wisconsin Health & Educational Facilities Authority, Refunding RB, Froedtert & Community Health, Inc., Obligated Group:

    

Series A, 5.00%, 4/01/42

     1,920       2,060,659  

Series C, 5.25%, 4/01/39 (d)

     3,250       3,417,831  
    

 

 

 
               5,478,490  
Total Municipal Bonds Transferred to
Tender Option Bond Trusts
44.0%
             134,997,498  
Total Long-Term Investments
(Cost — $464,199,173) — 160.5%
             493,002,840  
Short-Term Securities    Shares     Value  

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.50% (f)(g)

     2,969,938     $ 2,970,235  

Total Short-Term Securities

(Cost — $2,970,129) — 1.0%

 

 

    2,970,235  
Total Investments (Cost — $467,169,302*) — 161.5%       495,973,075  
Other Assets Less Liabilities 0.7%       2,346,913  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable (24.3)%

 

    (74,631,523

VMTP Shares at Liquidation Value (37.9)%

       (116,500,000
    

 

 

 

Net Assets Applicable to Common Shares 100.0%

 

  $ 307,188,465  
    

 

 

 
*   As of January 31, 2017, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

  $ 394,230,492  
 

 

 

 

Gross unrealized appreciation

  $ 30,813,176  

Gross unrealized depreciation

    (3,549,491
 

 

 

 

Net unrealized appreciation

  $ 27,263,685  
 

 

 

 
 
Notes to Schedule of Investments

 

(a)   U.S. Government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium to par.

 

(b)   Step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate as of period end.

 

(c)   Zero-coupon bond.

 

(d)   All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between April 1, 2017, to December 1, 2029, is $10,434,440.

 

(e)   Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing.

 

(f)   Current yield as of period end.

 

(g)   During the period ended January 31, 2017, investments in issuers considered to be an affiliate of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

                
10    BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017   


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

 

Affiliate   Shares Held
at April 30,
2016
    Net
Activity
    Shares Held
at January 31,
2017
    Value at
January 31,
2017
    Income     Net
Realized
Gain1
    Change in
Unrealized
Appreciation
(Depreciation)
 

BlackRock Liquidity Funds, MuniCash, Institutional Class

    1,841,543       1,128,395       2,969,938     $ 2,970,235     $ 2,642       828       106  

 

1   

Includes net capital gain distributions.

 

Portfolio Abbreviations

 

AGC    Assured Guarantee Corp.
AGM    Assured Guaranty Municipal Corp.
AMBAC    American Municipal Bond Assurance Corp.
AMT    Alternative Minimum Tax (subject to)
ARB    Airport Revenue Bonds
BAM    Build America Mutual Assurance Co.
BARB    Building Aid Revenue Bonds
BHAC    Berkshire Hathaway Assurance Corp.
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
EDA    Economic Development Authority
ERB    Education Revenue Bonds
GARB    General Airport Revenue Bonds
GO    General Obligation Bonds
GTD    Guaranteed
HDA    Housing Development Authority
HFA    Housing Finance Agency
IDA    Industrial Development Authority
ISD    Independent School District
NPFGC    National Public Finance Guarantee Corp.
OTC    Over-the-Counter
PSF    Permanent School Fund
RB    Revenue Bonds

 

Derivative Financial Instruments Outstanding as of Period End

 

Futures Contracts                    
Contracts
Short
       Issue   Expiration            Notional
Value
    Unrealized
Appreciation
(Depreciation)
        
  (31      5-Year U.S. Treasury Note     March 2017       $ 3,653,883     $ (2,426  
  (142      10-Year U.S. Treasury Note     March 2017       $ 17,674,563       (21,959  
  (108      Long U.S. Treasury Bond     March 2017       $ 16,291,125       35,779    
  (17      Ultra U.S. Treasury Bond     March 2017             $ 2,731,687       3,625          
  Total                $ 15,019    
            

 

 

 

 

                
   BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017    11


Schedule of Investments (continued)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

   

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access

 

   

Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs)

 

   

Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by Private Companies. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

     Level 1        Level 2        Level 3        Total  

Assets:

                
Investments:                 

Long-Term Investments

           $ 493,002,840                 $ 493,002,840  

Short-Term Securities

  $ 2,970,235                            2,970,235  
 

 

 

 

Total

  $ 2,970,235        $ 493,002,840                 $ 495,973,075  
 

 

 

 
                
     Level 1        Level 2        Level 3        Total  
Derivative Financial Instruments 2                 

Assets:

                

Interest rate contracts

  $ 39,404                          $ 39,404  

Liabilities:

                

Interest rate contracts

    (24,385                          (24,385
 

 

 

 

Total

  $ 15,019                          $ 15,019  
 

 

 

 

1    See above Schedule of Investments for values in each state or political subdivision.

     

2    Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

     

 

                
12    BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017   


Schedule of Investments (concluded)

  

BlackRock MuniYield Quality Fund II, Inc. (MQT)

 

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or
liabilities are categorized within the disclosure hierarchy as follows:

 

 
        Level 1        Level 2        Level 3        Total  

Liabilities:

                   

TOB Trust Certificates

              $ (74,478,898               $ (74,478,898

VMTP Shares at Liquidation Value

                (116,500,000                 (116,500,000
    

 

 

 

Total

              $ (190,978,898               $ (190,978,898
    

 

 

 

During the period ended January 31, 2017, there were no transfers between levels.

 

                
   BLACKROCK MUNIYIELD QUALITY FUND II, INC.    JANUARY 31, 2017    13


Item 2 – Controls and Procedures

 

2(a) –

   The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

2(b) –

   There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

   Certifications – Attached hereto


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BlackRock MuniYield Quality Fund II, Inc.

By:    /s/ John M. Perlowski                

         John M. Perlowski

         Chief Executive Officer (principal executive officer) of

         BlackRock MuniYield Quality Fund II, Inc.

Date: March 23, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:    /s/ John M. Perlowski                

         John M. Perlowski

         Chief Executive Officer (principal executive officer) of

         BlackRock MuniYield Quality Fund II, Inc.

Date: March 23, 2017

By:    /s/ Neal J. Andrews                    

         Neal J. Andrews

         Chief Financial Officer (principal financial officer) of

         BlackRock MuniYield Quality Fund II, Inc.

Date: March 23, 2017