Company: MYI
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198172
Chunk: 250

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 250
---
 |           |     |     $100,000 |     |             |     |           $— |     |            |     |       $100,000 |

| (1) | Based on the number of outstanding common shares as of July 31, 2025. |

| (2) | Reflects non-recurring aggregate estimated Reorganization expenses of                                                                                                                                                                                    
 $1,483,000, of which $352,000 was attributable to MVF, $274,000 was attributable to MVT, $377,000 was attributable to MIY, and $480,000 was attributable to the Acquiring Fund. The actual costs associated with the Reorganizations may be more or less 
 than the estimated costs discussed herein. These costs will be amortized over the life of the VRDP Shares by the Combined Fund.                                                                                                                          |

| (3) | Reflects adjustments due to differences in per common share NAV. |

143

FINANCIAL HIGHLIGHTS

The Financial Highlights table is intended to help you understand MVT’s financial performance for the periods shown. Certain information
reflects the financial results for a single common share of MVT. The total returns in the table represent the rate an investor would have earned or lost on an investment in MVT (assuming reinvestment of all dividends and/or distributions, if
applicable). The information for the six-month period ended January 31, 2025 is unaudited. The information for the remaining periods shown has been audited by Deloitte & Touch LLP, MVT’s
independent registered public accounting firm. Financial statements for the fiscal year ended July 31, 2024 and the Report of the Independent Registered Public Accounting Firm thereon appear in MVT’s Annual Report for the fiscal year
ended July 31, 2024 and financial statements for the six-month period ended January 31, 2025 appear in MVT’s most recent Semi-Annual Report, which is available upon request.

Please see next page for Financial Highlights Table

144

MVT Financial Highlights

|                                                                                                                      |     | MVT         
 Six Months  
 Ended       
 01/31/25    
 (unaudited) |         |      |     | Year Ended 
 07/31/24   |         |    |     | Year Ended 
 07/31/23   |         |    |     | Period from 
 05/01/22    
 to 07/31/22 |         |         |     | Year Ended