Company: MYI
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074486
Chunk: 24

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 24
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0.86%              | 0.85%              | 0.86%              |

| (k) | Calculated by subtracting the Fund’s total liabilities (not including VRDPShares and TOBs) from the Fund’s total assets and dividing this by the sum of the amount of TOBs and liquidation value                       
 of the VRDPShares, and by multiplying the results by                                                                                                                                                                   
 100,000.                                                                                                                                                                                                               |
| (l) | Calculated by subtracting the Fund’s total liabilities (not including VRDPShares) from the Fund’s total assets and dividing this by the liquidation value of the VRDPShares, and by multiplyingthe results by 100,000. |

84 2025 BlackRock Semi-Annual Report to Shareholders

Financial Highlights (continued) (For a share outstanding throughout each period)

| (m) | Effective July 18, 2022, TOB Trust Certificates are treated as senior securities pursuant to Rule 18f-4 of the 1940 Act. Calculated by subtracting the Fund’s total liabilities (not includingVRDPShares and TOBs) from the Fund’s total assets and dividing this by the amount of TOBs, and by 
 multiplying the results by 1,000.                                                                                                                                                                                                                                                               |

See notes to financial statements.

Financial Highlights 85

Notes to Financial Statements (unaudited)

1. ORGANIZATION The following are registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as closed-end management investment companies and are referred to herein collectively as the “Funds”, or individually as a “Fund”:

| Fund Name                                     | Herein Referred To As | Organized | DiversificationClassification |
| BlackRock Long-Term Municipal Advantage Trust | BTA                   | Delaware  | Diversified                   |
| BlackRock MuniAssets Fund, Inc.               | MUA                   | Maryland  | Diversified                   |
| BlackRock Municipal Income Fund, Inc.         | MUI                   | Maryland  | Diversified                   |
| BlackRock MuniYield Fund, Inc.                | MYD                   | Maryland  | Diversified                   |
| BlackRock MuniYield Quality Fund, Inc.        | MQY                   | Maryland  | Diversified                   |
| BlackRock MuniYield Quality Fund III, Inc.    | MYI                   | Maryland  | Diversified                   |

The Boards of Directors and Boards of