Company: MYI
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230138
Chunk: 16

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-10-03
Form: N-CSR
Chunk 16
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31/24 |  Change |   High |    Low |
| Closing Market Price |   $10.38 |   $11.37 | (8.71)% | $12.01 | $10.21 |
| Net Asset Value      |    11.25 |    12.52 |  -10.14 |  12.81 |  10.99 |

GROWTH OF $10,000 INVESTMENT (a) Represents the Fund’s closing market price on the NYSE and reflects the reinvestment of dividends and/or distributions at actual reinvestment prices. (b) A benchmark that is designed to track the USD-denominated long term tax-exempt bond market, including state and local general obligation bonds, revenue bonds, pre-refunded bonds, and insured bonds.

Fund Summary 17

Fund Summary as of July 31, 2025 (continued) BlackRock MuniYield Quality Fund III, Inc. (MYI)

Performance Returns for the period ended July 31, 2025 were as follows:

|                                            | Average Annual Total Returns |         |          |
|                                            |                       1 Year | 5 Years | 10 Years |
| Fund at NAV(a)(b)                          |                      (4.60)% | (0.81)% |    2.38% |
| Fund at Market Price(a)(b)                 |                        -3.07 |   -0.33 |     2.09 |
| National Customized Reference Benchmark(c) |                        -0.09 |    0.35 |      N/A |
| Bloomberg Municipal Bond Index             |                         0.00 |    0.13 |     2.11 |

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.
Past performance is not an indication of future results. The Fund is presenting the performance of one or more indices for informational purposes only. The Fund is actively managed and does not seek to track or replicate the performance of any index. The index performance shown is not intended to be indicative of the Fund’s investment strategies, portfolio components or past or future performance. More information about the Fund’s historical performance can be found in the “Closed End Funds” section of blackrock.com . The following discussion relates to the Fund’s absolute performance based on NAV: Income was the largest contributor to absolute performance, but the benefit was offset by the adverse impact of falling municipal bond prices. The Fund’s use of