Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 257

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 257
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| VMTP Shares outstanding at $100,000 liquidation value, end of year (000)                                    |     | $                    | 125,900 |      |     | $ | 125,900 |    |     | $ | 125,900 |    |     | $ | 125,900 |   |     | $ | 125,900 |   |
| Asset coverage per VMTP Shares at $100,000 liquidation value, end of year                                   |     | $                    | 315,017 |      |     | $ | 308,259 |    |     | $ | 310,128 |    |     | $ | 329,549 |   |     | $ | 319,467 |   |
| Borrowings outstanding, end of year (000)                                                                   |     | $                    |  51,999 |      |     | $ |  41,043 |    |     | $ |  30,783 |    |     | $ |  31,286 |   |     | $ |  28,685 |   |
| Portfolio turnover rate                                                                                     |     |                      |      29 | %    |     |   |      31 | %  |     |   |      36 | %  |     |   |      28 | % |     |   |      37 | % |

| (a) | Based on average Common Shares outstanding. |

| (b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |

| (c) | Amount is greater than $(0.005) per share. |

| (d) | Total returns based on market price, which can be significantly greater or less than the net asset value, may result in                                                   
 substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. |

136

| (e) | Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VMTP Shares. See Note 4 and Note 
 10 of the Notes to Financial Statements for details.                                                                    |

137

The Financial Highlights table is intended to help you understand MIY’s financial performance for the periods shown. Certain information
reflects the financial results for a single common share of MIY. The total returns in the table represent the rate an investor would have earned or lost on an investment in MIY (