Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 270

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 270
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31, 2024 are incorporated by reference herein to the
Acquiring Fund’s annual report filed on Form N-CSR on October 3, 2024. The financial statements of the
Acquiring Fund for the six-month period ended January
31, 2025 are incorporated by reference herein to the Acquiring Fund’s semi-annual report filed on Form N-CSR
on April 7, 2025.

The financial statements of MVT for the fiscal year ended July 31, 2024 are incorporated by reference herein
to MVT’s annual report filed on Form N-CSR on October 3, 2024. The financial statements of MVT for the six-month period ended January 31, 2025 are incorporated by reference herein to MVT’s semi-annual report
filed on Form N-CSR on April 7, 2025.

The financial statements of MIY for the fiscal year
ended July 31, 2024 are incorporated by reference herein to MIY’s annual report filed on Form N-CSR on
October 3, 2024. The financial statements of MIY for the six-month period ended January
31, 2025 are incorporated by reference herein to MIY’s semi-annual report filed on Form N-CSR on
April 7, 2025.

The financial statements of MVF for the fiscal year ended July 31, 2024 are incorporated by reference herein to
MVF’s annual report filed on Form N-CSR on October 3, 2024. The financial statements of MVF for the six-month period ended January 31, 2025 are incorporated by reference herein to MVF’s semi-annual report
filed on Form N-CSR on April 7, 2025.

SUPPLEMENTAL FINANCIAL STATEMENTS

A table showing the fees of the Acquiring Fund and each Target Fund, and the fees and expenses of the Acquiring Fund on a
pro forma basis after giving effect to the proposed Reorganization, is included in the section entitled “Expense Table for Common Shareholders” of the Joint Proxy Statement/Prospectus.

Each Reorganization will not result in a material change to each Target Fund’s investment portfolio due to the investment restrictions of
the Acquiring Fund. As a result, a schedule of investments of each Target Fund modified to show the effects of the change is not required and is not included. Notwithstanding the foregoing, changes may be made to a Target Fund