Company: MYI
Filing Date: 2025-09-05
Form Type: 424B3
Source: 0001193125-25-196285
Chunk: 237

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-05
Form: 424B3
Chunk 237
---
, 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.

131

INFORMATION ABOUT THE COMMON SHARES OF THE FUNDS General Common shareholders of each Fund are entitled to share pro rata in dividends declared by such Fund’s Board as payable to holders of the Fund’s common shares and in the net assets of the Fund available for distribution to holders of the common shares. Common shareholders do not have preemptive or conversion rights and each Fund’s common shares are not redeemable. Voting rights are identical for the common shareholders of each Fund. Common shareholders of each Fund are entitled to one vote for each Share held by them and do not have any preemptive or preferential right to purchase or subscribe to any Shares of such Fund. Each Fund’s common shares do not have cumulative voting rights, which means that the holders of more than 50% of a Fund’s common shares voting for the election of Board Members can elect all of the Board Members standing for election by such holders, and, in such event, the holders of the Fund’s remaining common shares will not be able to elect any Board Members. The outstanding MVT, MIY, MVF and Acquiring Fund common shares are fully paid and non-assessable,except