Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 130

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 130
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 an annual rate ranging from 0.0075% to 0.015% of each Fund’s Managed Assets, along with an annual fixed fee ranging from $0 to $10,000 for the services it provides to the Funds.

Custody of Assets

The custodian of the assets of each Fund is State Street Bank and Trust Company, One Congress Street, Boston, Massachusetts 02114. The
custodian is responsible for, among other things, receipt of and disbursement of funds from each Fund’s accounts, establishment of segregated accounts as necessary, and transfer, exchange and delivery of Fund portfolio securities.

Transfer Agent, Dividend Disbursing Agent and Registrar

Computershare Trust Company, N.A., 150 Royall Street, Canton, Massachusetts 02021, serves as each Fund’s transfer agent with respect to
such Fund’s common shares.

VMTP Shares Redemption and Paying Agent; VRDP Shares Tender and Paying Agent

The Bank of New York Mellon, One Wall Street, New York, New York 10286, acts as the tender agent, transfer agent and registrar, dividend
disbursing agent and paying agent and/or redemption price disbursing agent with respect to the Acquiring Fund and MIY VRDP Shares and the MVT and MVF VMTP Shares, as applicable, and will serve in such capacity with respect to the VRDP Shares of the
Combined Fund.

Acquiring Fund and MIY VRDP Shares Liquidity Providers

Toronto-Dominion Bank, acting through its New York branch serves as the liquidity provider for a series of the Acquiring Fund VRDP Shares and
the MIY VRDP Shares.

Acquiring Fund and MIY VRDP Shares Remarketing Agents

RBC Capital Markets, LLC and TD Securities (USA) LLC each serve as the remarketing agent for a series of the Acquiring Fund VRDP Shares. BofA
Securities, Inc. serves as the remarketing agent for the MIY VRDP Shares.

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THE ACQUIRING FUND’S INVESTMENTS

Investment Objective and Policies

The Acquiring Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal income
taxes as is consistent with its investment policies and prudent investment management. The Acquiring Fund seeks to achieve its investment objective by investing at least 80% of an aggregate of the Acquiring Fund’s net assets including proceeds
from the issuance of any preferred stock) and the proceeds of any borrowings for