Company: MYI
Filing Date: 2025-09-02
Form Type: N-14 8C/A
Source: 0001193125-25-193985
Chunk: 13

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-02
Form: N-14 8C/A
Chunk 13
---
VT’s and MIY’s current net earnings yield on NAV and potentially lower than MVF’s and MYI’s current net earnings yield on NAV. The distribution level of any fund is subject to change based upon a number of factors, including the current and projected level of the fund’s earnings, and may fluctuate over time; thus, subject to a number of other factors, including the fund’s distribution policy, a higher net earnings profile may potentially have a positive impact on such fund’s distribution level over time. The Combined Fund’s earnings and distribution rate on NAV will change over time, and depending on market conditions, may be higher or lower than each Fund’s earnings and distribution rate on NAV prior to the Reorganization. A Fund’s earnings and net investment income are variables which depend on many factors, including its asset mix, portfolio turnover level, the amount of leverage utilized by the Fund, the costs of such leverage, the performance of its investments, the movement of interest rates and general market conditions. In addition, the Combined Fund’s future earnings will vary depending upon the combination of completed Reorganizations. There can be no assurance that the future earnings of a Fund, including the Combined Fund after the Reorganizations, will remain constant. v

If the Reorganizations are approved by shareholders, then the greater of (1) substantially all of the undistributed net investment income (“UNII”), if any, or (2) the monthly distribution of each Fund is expected to be declared to such Fund’s common shareholders prior to the Closing Date (the “Pre-ReorganizationDeclared UNII Distributions”). The declaration date, ex-dividenddate (the “Ex-DividendDate”) and record date of the Pre-ReorganizationDeclared UNII Distributions will occur prior to the Closing Date. However, all or a significant portion of the Pre-ReorganizationDeclared UNII Distributions may be paid in one or more distributions to common shareholders of the Funds entitled to such Pre-ReorganizationDeclared UNII Distributions after the Closing Date. Former MVT, MIY and MVF shareholders entitled to such Pre-ReorganizationDeclared UNII Distributions paid after the Closing Date will receive such distributions in cash. Persons who purchase common shares of any of the Funds on or after the Ex-DividendDate for the Pre-ReorganizationDeclared UNII Distributions should not expect to receive any distributions from any Fund until distributions, if any, are declared by the Board of the Combined Fund and paid to shareholders entitled to any such distributions. No such distributions are expected to be paid by the Combined Fund until