Company: MYI
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074486
Chunk: 6

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 6
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, minus the sum of its accrued liabilities. Does not reflect                                                                                                                                                      
 derivatives or other instruments that may give rise to economic leverage. For a discussion of leveraging techniquesutilized by the Fund, please see The Benefits and Risks of Leveraging and Derivative Financial Instruments. |

Market Price and Net Asset Value Per Share Summary

|                      | 01/31/25 | 07/31/24 |  Change |   High |   Low |
| Closing Market Price |    $9.89 |   $10.41 | (5.00)% | $10.91 | $9.62 |
| Net Asset Value      |    10.46 |    10.73 |   -2.52 |  11.04 | 10.19 |

Performance Returns for the period ended January 31, 2025 were as follows:

|                                   |         | Average Annual Total Returns |         |          |
|                                   | 6-month |                       1 Year | 5 Years | 10 Years |
| Fund at NAV(a)(b)                 |   0.21% |                        5.77% |   0.76% |    3.35% |
| Fund at Market Price(a)(b)        |   -2.34 |                         0.88 |   -0.12 |     3.79 |
| Customized Reference Benchmark(c) |    1.23 |                         3.44 |    1.15 |      N/A |
| Bloomberg Municipal Bond Index(d) |    1.05 |                         2.08 |    0.73 |     2.12 |

| (a) 
 (b) 
 (c) | All returns reflect reinvestment of dividends and/or distributions at actual reinvestment prices. Performance results reflect the Fund’s use of leverage, if         
 any.                                                                                                                                                                 
 TheFund’s discount to NAV widened during the period, which accounts for the difference between performance based on market price and performance based on NAV.       
 The Customized Reference Benchmark is comprised of the Bloomberg Municipal Bond Index Total Return Index Value Unhedged (75%) and the Bloomberg Municipal Bond: High 
 Yield(non-Investment Grade) Total Return Index (25%). The Customized Reference                                                                                       
 Benchmark commenced on September 30, 2016.                                                                                                                           |
|:----|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d) | An unmanaged index that tracks the U.S. long term tax-exempt