Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 268

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 268
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 Not annualized. |

| (g) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |

| (h) | Annualized. |

| (i) | 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.                                              |

| (j) | The total expense ratio after fees waived and/or reimbursed and excluding interest expense, fees, 
 amortization of offering costs, reorganization costs, liquidity and remarketing fees as follows:  |

|                |     | Six Months  
 Ended       
 01/31/25    
 (unaudited) |      |   |     | Year Ended 
 07/31/24   |      |   |     | Year Ended 
 07/31/23   |      |   |     | Year Ended 
 07/31/22   |      |   |     | Year Ended 
 07/31/21   |      |   |     | Year Ended 
 07/31/20   |      |   |
| Expense ratios |     |             | 0.80 | % |     |            | 0.83 | % |     |            | 0.89 | % |     |            | 0.86 | % |     |            | 0.85 | % |     |            | 0.86 | % |

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

| (l) | Calculated by subtracting the Fund’s total liabilities (not including VRDP Shares) from the Fund’s                     
 total assets and dividing this by the liquidation value of the VRDP Shares, and by multiplying the results by 100,000. |

148

|                                                                                                             |     | MYI                  
 Year Ended April 30, |    2019 |   |     |   |    2018 |    |     |   |    2017 |    |     |   |    2016 |   |     |   |    2015 |   |
|:------------------------------------------------------------------------------------------------------------|:----|:---------------------|