Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 432

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 432
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. The modifiers “+” or “-” may be appended to a rating to denote relative status within major rating categories. For example, the rating category ‘AA’ has three notch-specific rating levels (‘AA+’; ‘AA’; ‘AA–’; each a rating level). Such suffixes are not added to ‘AAA’ ratings and ratings below the ‘CCC’ category. For the short-term rating category of ‘F1’, a ‘+’ may be appended. Description of Fitch’s Short-Term Ratings Assigned to Issuers and Obligations A short-term issuer or obligation rating is based in all cases on the short-term vulnerability to default of the rated entity and relates to the capacity to meet financial obligations in accordance with the documentation governing the relevant obligation. Short-term deposit ratings may be adjusted for loss severity. Short-term ratings are assigned to obligations whose initial maturity is viewed as “short term” based on market convention. Typically, this means up to 13 months for corporate, sovereign, and structured obligations and up to 36 months for obligations in U.S. public finance markets. Fitch short-term ratings are as follows:

| F1 |     | Highest Short-Term Credit Quality. Indicates the strongest intrinsic capacity for timely payment of financial commitments; may have an added “+” to denote any exceptionally strong credit feature.             |
| F2 |     | Good Short-Term Credit Quality. Good intrinsic capacity for timely payment of financial commitments.                                                                                                            |
| F3 |     | Fair Short-Term Credit Quality. The intrinsic capacity for timely payment of financial commitments is adequate.                                                                                                 |
| B  |     | Speculative Short-Term Credit Quality. Minimal capacity for timely payment of financial commitments, plus heightened vulnerability to near term adverse changes in financial and economic conditions.           |
| C  |     | High Short-Term Default Risk. Default is a real possibility.                                                                                                                                                    |
| RD |     | Restricted Default. Indicates an entity that has defaulted on one or more of its financial commitments, although it continues to meet other financial obligations. Typically applicable to entity ratings only. |
| D  |     | Default. Indicates a broad-based default event for an entity, or the default of a short-term obligation.                                                                                                        |

A-8

APPENDIX B

| Applies to the following types of Funds registered under the 1940 Act:        
 Index Equity Mutual Funds and Exchange-Traded Funds                           
 Open-End Active and Fixed Income Index Mutual Funds and Exchange-Traded Funds