Company: MYI
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198172
Chunk: 266

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 266
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/3% of MVT’s shares to approve, adopt or authorize various actions, including the following:

| ● |     | a merger or consolidation or statutory share exchange of MVT with any other corporation; |

| ● |     | a sale of all or substantially all of MVT’s assets (other than in the regular course of MVT’s 
 investment activities); or                                                                    |

| ● |     | a liquidation or dissolution of MVT; |

unless such action has been approved, adopted or authorized by the affirmative vote of at least two-thirdsof the total number of Directors fixed in accordance with the Bylaws, in which case the affirmative vote of a majority of MVT’s shares of capital stock is required. The approval, adoption or authorization of the foregoing also requires the favorable vote of a majority of MVT’s outstanding preferred stock (as defined in the 1940 Act), then entitled to be voted, voting as a separate class. The charter and Bylaws of MVT provide that the Board has the power, to the exclusion of shareholders, to make, alter or repeal any of the Bylaws (except for any Bylaw specified not to be amended or repealed by the Board), subject to the requirements of the 1940 Act. Neither this provision of the charter, nor any of the foregoing provisions of the charter requiring the affirmative vote of 66 2/3% of shares of capital stock of MVT, can be amended or repealed except by the vote of such required number of shares. MVT’s Board has determined that the 66 2/3% voting requirements described above, which are greater than the minimum requirements under the 1940 Act, are in the best interests of shareholders generally. Reference should be made to the charter on file with the SEC for the full text of these provisions. MVT’s Bylaws generally require that advance notice be given to MVT in the event a stockholders desires to nominate a person for election to the Board or to transact any other business at an annual meeting of stockholders. Notice of any such nomination or business must be delivered to or received at the principal executive offices of MVT not less than 120 calendar days nor more than 150 calendar days prior to the anniversary date of the prior year’s annual meeting (subject to certain exceptions). Any notice by a stockholder must be delivered must be accompanied by certain information as provided in the Bylaws. The Maryland General Corporation Law provides that a Maryland corporation that has a class of securities registered under the Exchange Act