Company: MYI
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198172
Chunk: 246

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 246
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 |     |                                                      0.01% |
| Total Annual Fund Operating                                                                         
 Expenses(5)                                                                                         |     |                                                      2.28% |     | 3.48%                                                      |     | 2.28%                                                      |     |                                                      2.68% |     |               2.56% |     |                                                      2.65% |

139

| (1) | No sales load will be charged in connection with the issuance of Acquiring Fund common shares as part of the                                                                                                                                              
 Reorganizations. Common shares are not available for purchase from the Funds but may be purchased on the NYSE through a broker-dealer subject to individually negotiated commission rates. Common shares purchased in the secondary market may be subject 
 to brokerage commissions or other charges.                                                                                                                                                                                                                |

| (2) | The Reinvestment Plan Agent’s fees for the handling of the reinvestment of distributions will be paid                                                                                                                                                    
 by the Fund. However, each participant will pay a $0.02 per share fee incurred in connection with open-market purchases, which will be deducted from the value of the dividend. The automatic reinvestment of all distributions will not relieve         
 participants of any U.S. federal, state or local income tax that may be payable on such dividends or distributions. For MIY and MVF, participants that request a sale of shares are subject to a $0.02 per share brokerage commission. For the Acquiring 
 Fund and MVT, participants that request a sale of shares are subject to a $2.50 sales fee and a $0.15 per share sold brokerage commission fee. See “Automatic Dividend Reinvestment Plan” for additional information.                                    |

| (3) | Each of MVT, MIY, MVF and the Acquiring Fund currently pays the Investment Advisor a monthly fee at an annual                                                                                                                                   
 contractual investment management fee rate of 0.50%, 0.49%, 0.50% and 0.50%, respectively, of its average daily net assets. For purposes of calculating these fees, “net assets” For purposes of calculating these fees, “net                   
 assets” mean the total assets of the Fund minus the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding preferred shares). It is understood that the 
 liquidation preference of any outstanding preferred stock (other than accumulated dividends) and TOB Trusts is not considered a liability in determining a Fund’s NAV.                                                                          |

| (