Company: MYI
Filing Date: 2025-09-05
Form Type: 424B3
Source: 0001193125-25-196285
Chunk: 329

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-05
Form: 424B3
Chunk 329
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Applies to MVF and MVT.] |

| 34 | [Applies to MIY.] |

| 35 | [Applies to MVF and MVT.] |

| 36 | [Applies to MIY.] |

| 37 | [Applies to MVF and MVT.] |

| 38 | [Applies to MIY.] |

| 39 | [Applies to MVF and MVT.] |

A-14

Target Fund Common Shareholder, certified to the best of its knowledge and belief by the transfer agent for the Target Fund Common Shares or by the Target Fund’s Chief Executive Officer, President, any Vice President, Chief Financial Officer, Treasurer or any Assistant Treasurer, or Secretary or any Assistant Secretary. 8. CONDITIONS OF THE TARGET FUND. The obligations of the Target Fund hereunder shall be subject to the following conditions: (a) That this Agreement shall have been approved by at least two-thirdsof the members of the Board of the Target Fund and by the affirmative vote of the Target Fund Common Shareholders and the Target Fund [VRDP] 40[VMTP] 41Holders, voting as a single class, representing a majority of the outstanding shares entitled to vote on this Agreement, and by the affirmative vote of the Target Fund [VRDP] 42[VMTP] 43Holders, voting as a separate class, representing a 1940 Act Majority (as defined below) of the outstanding [VRDP] 44[VMTP] 45Shares entitled to vote on this Agreement. A “ 1940 Act Majority” means the affirmative vote of either (i) 67% or more of the class or classes of Target Fund Shares entitled to vote on such proposal present at the Target Fund’s shareholder meeting where this Agreement shall be approved, if the holders of more than 50% of the outstanding class or classes of Target Fund Shares entitled to vote on such proposal are present or represented by proxy or (ii) more than 50% of the outstanding class or classes of Target Fund Shares entitled to vote on such proposal, whichever is less. (b) That the Acquiring Fund shall have delivered (including in electronic format) to the Target Fund (i) a copy of the resolutions approving this Agreement and the issuance of additional Acquiring Fund Shares in connection with the Reorganization adopted by the Board of the Acquiring Fund, (ii) a certificate setting forth the vote of the Acquiring Fund VRDP Holders, voting as