Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 295

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 295
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 shares or all of its MVT, MIY or MVF VRDP Shares solely for Acquiring Fund VRDP Shares pursuant to the Reorganizations (except with respect to cash received in lieu of a fractional Acquiring Fund 
 Common Share, as discussed below).                                                                                                                                                                                                                        |

| • |     | The aggregate tax basis of Acquiring Fund common shares received by a shareholder of MVT, MIY or                                                                                                                                  
 MVF pursuant to the Reorganizations will be the same as the aggregate tax basis of the shareholder’s MVT, MIY or MVF common shares surrendered in exchange therefor (reduced by any amount of tax basis allocable to a fractional 
 Acquiring Fund Common Share for which cash is received).                                                                                                                                                                          |

| • |     | The holding period of Acquiring Fund common shares received by a shareholder of MVT, MIY and MVF pursuant to             
 the Reorganizations will include the holding period of the shareholder’s common shares surrendered in exchange therefor. |

| • |     | A shareholder of MVT, MIY and MVF that receives cash in lieu of a fractional Acquiring Fund Common Share in                                                                                                                                          
 connection with the Reorganizations will be treated as having received cash in exchange for such fractional Acquiring Fund Common Share. A MVT, MIY or MVF shareholder that receives cash in lieu of a fractional Acquiring Fund Common Share will   
 recognize capital gain or loss equal to the difference between the amount of cash deemed received for the fractional Acquiring Fund Common Share and MVT, MIY or MVF shareholder’s tax basis in MVT, MIY or MVF common shares allocable to the       
 fractional Acquiring Fund Common Share. The capital gain or loss will be a long-term capital gain or loss if MVT, MIY or MVF shareholder’s holding period for MVT, MIY or MVF common shares is more than one year as of the date the Reorganizations 
 are consummated.                                                                                                                                                                                                                                     |

| • |     | The Acquiring Fund’s tax basis in MVT’s, MIY’s and MVF’s assets received by the Acquiring                                        
 Fund pursuant to the Reorganizations will, in each instance, equal the tax basis of such assets in the hands of MVT, MIY and MVF |

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immediately prior to the Closing Date, and the Acquiring Fund’s holding period for such assets will, in each instance, include the period during which the assets were held by MVT, MIY or MVF. The Acquiring Fund intends