Company: MYI
Filing Date: 2025-09-02
Form Type: N-14 8C/A
Source: 0001193125-25-193985
Chunk: 282

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-02
Form: N-14 8C/A
Chunk 282
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 the remaining Directors do not constitute a quorum. That election does not limit the power of MYI to confer on the holders of a class or series of Preferred Stock the right to elect one or more Directors pursuant to a provision in its charter. Certain Provisions in the Charter and Bylaws of MVF MVF’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 MVF. A Director elected by the holders of MVF’s preferred shares may only be removed from office for cause and then by the vote of the holders of at least 66 2/3% of MVF’s preferres shares entitled to vote in an election to fill that directorship. MVF’s charter provides the holders of MVF’s outstanding preferred shares, including VRDP Shares, voting together as a class, to the exclusion of the holders of all other securities and classes of shares of MVF, the right to elect two Board Members of MVF at all times and, under certain circumstances, to elect such number of additional directors in order to entitle such holders of MVF’s outstanding preferred shares to elect the majority of the Board. In addition, the charter requires the favorable vote of the holders of at least 75% of MVF’s shares to approve, adopt or authorize various actions, including the following:

| • |     | a merger or consolidation or statutory share exchange of MVF with any other corporation; |

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

| • |     | a liquidation or dissolution of MVF; |

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 MVF’s shares of capital stock is required. The approval, adoption or authorization of the foregoing also requires the favorable vote of a majority of MVF’s outstanding Preferred Shares (as defined in the 1940 Act), then entitled to be voted, voting as a separate class. MVF’s charter further provides that the vote of the holders of at least a majority of 151