Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 125

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 125
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 pledged, encumbered or
otherwise disposed of except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Please see “Information about the Preferred Shares of the
Funds” for additional information.

Following the Reorganization(s), the Acquiring Fund will be the accounting survivor.

MANAGEMENT OF THE FUNDS

The Board of Directors and Officers

The Board of Trustees or the Board of Directors, as applicable (each, a “Board”), currently consists of ten individuals (each, a
“Board Member”), eight of whom are not “interested persons” of each Fund as defined in the 1940 Act (the “Independent Board Members”). The BlackRock-Advised Funds are organized into one complex of closed-end funds and open-end non-index fixed-income funds (the “BlackRock Fixed-Income Complex”), one complex of open-end equity, multi-asset, index and money market funds (the “BlackRock Multi-Asset Complex”) and one complex of exchange-traded funds (each, a “BlackRock Fund Complex”). Each Fund is included
in the BlackRock Fixed-Income Complex. The Board Members also oversee as Board members the operations of the other closed-end registered investment companies included in the BlackRock Fixed-Income Complex.

Certain biographical and other information relating to the Board Members and officers of each Fund is set forth below, including their
year of birth, their principal occupation for at least the last five years, the length of time served, the total number of investment companies overseen in the BlackRock Fund Complexes and any public directorships or trusteeships.

Please refer to the below table which identifies the Board Members and sets forth certain biographical information about the Board Members for
each Fund.

57

| Name and                  
 Year of Birth1,2          |     | Position(s)                                       
 Held                                              
 (Length of                                        
 Service)3                                         |     | Principal                                                                                                                                                                                                                                          
 Occupation(s)                                                                                                                                                                                                                                      
 During Past Five                                                                                                                                                                                                                                   
 Years                                                                                                                                                                                                                                              |     | Number of                            
 BlackRock-Advised                    
 Registered Investment                
 Companies                            
 (“RICs”)                             
 Consisting of Investment             
 Portfolios (“Portfolios”)            
 Overseen                             |     | Public                                                                                                                                  
 Company and                                                                                                                             
 Other                                                                                                                                   
 Investment                                                                                                                              
 Company                                                                                                                                 
 Directorships                                                                                                                           
 Held During                                                                                                                             
 Past Five Years                                                                                                                         |
| Independent Board Members |     |                                                   |     |                                                                                                                                                                                                                                                    |     |