Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 258

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 258
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 the voting rights of the holders of its common shares (one vote per share) and will vote together with holders of its common shares (one vote per share) as a single class on certain matters. However, the VMTP Shareholders, voting as a separate class, are also entitled to elect two directors to the Board of the applicable Fund. VMTP Shareholders are also entitled to elect the smallest number of directors onto the applicable Fund’s board of directors that would constitute a majority if dividends on the VMTP Shares are not paid for a period of two years. VMTP Shareholders are also generally entitled to a separate class vote to amend the VMTP Shares’ governing document as long as such amendment does not adversely affect the rights of holders of other classes of shares. In addition, the 1940 Act requires the approval of the holders of a majority of any outstanding VMTP Shares, voting as a separate class, to (a) adopt any plan of reorganization that would adversely affect the VMTP Shares, (b) change the respective fund’s sub-classification as a closed-end investmentcompany or change its fundamental investment restrictions or (c) change its business so as to cease to be an investment company. 127

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 [•], 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

128

MVT Financial Highlights

|                                                                                                          |     | MVT         
 Six Months  
 Ended       
 01/31/25    
 (unaudited) |         |      |     | Year Ended 
 07/31/24