brii.htm
 
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
RULE 23C-2 NOTICE OF INTENTION TO REDEEM SECURITIES
 
of
 
BlackRock Credit Allocation Income Trust II, Inc.
100 Bellevue Parkway
Wilmington, DE 19809
(888) 825-2257
 
under the
 
Investment Company Act of 1940
 
Investment Company Act File No. 811-21286
 
________________

1.
Title of the class of securities of BlackRock Credit Allocation Income Trust II, Inc. (the "Fund") to be redeemed:
 
Auction Market Preferred Stock, liquidation preference $25,000 per share, as identified by series and CUSIP in Annex A hereto (the "Shares").
 
2.
The date on which the securities are to be called or redeemed:
 
See Annex A for the dates on which Shares of each series are to be redeemed (the "Redemption Date").  Each Redemption Date set forth in Annex A is conditioned upon the absence of any legal impediments to completing the redemption as scheduled.
 
3.
The applicable provisions of the governing instrument pursuant to which the securities are to be called or redeemed:
 
The Shares are to be redeemed pursuant to Section 4(a)(i) of the Fund's Articles Supplementary.
 
4.
The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:
 
The Fund intends to redeem all outstanding Shares.

 
 
 

SIGNATURE

Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 16th day of December, 2010.


 
BLACKROCK CREDIT ALLOCATION INCOME TRUST II, INC.
     
 
By:
/s/ Neal J. Andrews
 
Name:
Neal J. Andrews
 
Title:
Chief Financial Officer



 
 
 

Annex A

Series
CUSIP
Redemption Date
Total Shares to be Redeemed
Aggregate Principal Amount to be Redeemed
M7
09255H204
January 4, 2011
    861
$21,525,000
T7
09255H303
January 5, 2011
    861
$21,525,000
W7
09255H402
January 6, 2011
    861
$21,525,000
TH7
09255H501
January 7, 2011
    861
$21,525,000
F7
09255H600
January 10, 2011
    861
$21,525,000
W28
09255H709
January 13, 2011
 1,228
$30,700,000
TH28
09255H808
January 28, 2011
 1,228
$30,700,000