Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 271

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 271
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 |     | $                    | 134,198 |   |     | $ | 139,144 |    |     | $ | 119,144 |    |     | $ | 112,111 |   |     | $ | 114,962 |   |
| Portfolio turnover rate                                                                                     |     |                      |      21 | % |     |   |      20 | %  |     |   |      13 | %  |     |   |      10 | % |     |   |      14 | % |

| (a) | Based on average Common Shares outstanding. |

| (b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |

| (c) | Total returns based on market price, which can be significantly greater or less than the net asset value, may result in                                                   
 substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. |

| (d) | Interest expense, fees and amortization of offering costs related to TOBs and/or VRDP Shares. See Note 4 and Note 10 of 
 the Notes to Financial Statements for details.                                                                          |

| (e) | The total expense ratio after fees waived and/or reimbursed and excluding interest expense, fees, amortization of 
 offering costs, liquidity and remarketing fees as follows:                                                        |

| Year Ended April 30, | 2019 |   |     |     | 2018 |   |     |     | 2017 |   |     |     | 2016 |   |     |     | 2015 |   |
|:---------------------|-----:|:--|:----|:----|-----:|:--|:----|:----|-----:|:--|:----|:----|-----:|:--|:----|:----|-----:|:--|
|                      | 0.93 | % |     |     | 0.91 | % |     |     | 0.89 | % |     |     | 0.92 | % |     |     | 0.89 | % |

143

DIVIDENDS AND DISTRIBUTIONS

General

The
Acquiring Fund’s dividend and distribution policy with respect to common shares will be the Combined Fund’s dividend and distribution policy with respect to common shares. MVT’s, MIY’s