Company: MYI
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198172
Chunk: 256

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 256
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 (000)                                                                   |     | $                   |  64,527 |      |     | $ |  60,002 |    |     | $ |  52,002 |    |     | $ |  51,227 |      |     | $ |  23,487 |      |
| Portfolio turnover rate                                                                                     |     |                     |      15 | %    |     |   |       8 | %  |     |   |      13 | %  |     |   |      19 | %    |     |   |      19 | %    |

| (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) | Includes reorganization costs associated with the Fund’s reorganization. Without these costs total                                                                                                                                                        
 expenses, total expenses after fees waived and/or reimbursed and/or paid indirectly and total expenses after fees waived and/or reimbursed and/or paid indirectly and excluding interest expense, fees and amortization of offering costs would have been 
 1.49%, 1.49% and 0.88%, respectively.                                                                                                                                                                                                                     |

| (e) | Includes reorganization costs associated with the Fund’s reorganization. Without these costs total                                                                                                                                                        
 expenses, total expenses after fees waived and/or reimbursed and/or paid indirectly and total expenses after fees waived and/or reimbursed and/or paid indirectly and excluding interest expense, fees and amortization of offering costs would have been 
 1.48%, 1.48% and 0.92%, respectively                                                                                                                                                                                                                      |

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

| (g) | The total expense ratio after fees waived and paid indirectly and excluding interest expense, fees, 
 amortization of offering costs, liquidity and remarketing fees was 0.90%.                           |

151

The Financial Highlights table is intended to help you understand MVF’s financial performance for the periods shown.