Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 271

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 271
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’s portfolio in
advance of the Reorganization and/or the Acquiring Fund’s portfolio following the Reorganization.

There are no material differences
in the accounting, taxation and valuation policies of each Target Fund as compared to those of the Acquiring Fund.

150

CERTAIN PROVISIONS OF THE CHARTERS AND BYLAWS Certain Provisions in the Charter and Bylaws of MVT MVT’s charter includes provisions that could have the effect of limiting the ability of other entities or persons to acquire control of the Fund or to change the composition of its Board and could have the effect of depriving common shareholders of an opportunity to sell their shares at a premium over prevailing market prices by discouraging a third-party from seeking to obtain control of MVT. A Director may be removed from office with or without cause but only by vote of the holders of at least 66 2/3% of the shares entitled to vote in an election to fill that directorship. A director elected by all of the holders of capital stock may be removed only by action of such holders, and a director elected by the holders of preferred stock may be removed only by action of the holders of preferred stock. In addition, the charter requires the favorable vote of the holders of at least 66 2/3% of MVT’s shares to approve, adopt or authorize various actions, including the following:

| ● | a merger or consolidation or statutory share exchange of MVT with any other corporation; |

| ● | a sale of all or substantially all of MVT’s assets (other than in the regular course of MVT’s 
 investment activities); or                                                                    |

| ● | a liquidation or dissolution of MVT; |

unless such action has been approved, adopted or authorized by the affirmative vote of at least two-thirdsof the total number of Directors fixed in accordance with the Bylaws, in which case the affirmative vote of a majority of MVT’s shares of capital stock is required. The approval, adoption or authorization of the foregoing also requires the favorable vote of a majority of MVT’s outstanding preferred stock (as defined in the 1940 Act), then entitled to be voted, voting as a separate class. The charter and Bylaws of MVT provide that the Board has the power, to the exclusion of shareholders, to make, alter or repeal any of the Bylaws (except for any Bylaw specified not to be amended or repealed by the Board), subject to the requirements of the 1940 Act. Neither this provision of the charter,