Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 434

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 434
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 be voted and BlackRock may determine to recall them for
voting, as guided by BlackRock’s fiduciary responsibility to act in clients’ financial interests. The Guidelines set forth BlackRock’s approach to recalling securities on loan in connection with proxy voting.

Reports to the Board

BlackRock will report on an annual
basis to the Directors on (1) a summary of the proxy voting process as applicable to the Funds covered by this Policy in the preceding year together with a representation that all votes were in accordance with the Guidelines (as modified
pursuant to the immediately preceding paragraph), and (2) any material changes to the Guidelines, including material changes to conflicts management practices, that have not previously been reported.

BlackRock Active Investment Stewardship

| 🌑 | Global Engagement and Voting Guidelines |

| 🌑 | Effective as of January 2025 |

B-3

Contents

| ● |     | Overview                                                                                 |     | B-5  |
| ● |     | Introduction to BlackRock                                                                |     | B-6  |
| ● |     | About BlackRock Active Investment Stewardship                                            |     | B-6  |
| ● |     | Our approach to stewardship within active equities                                       |     | B-7  |
| ● |     | Our approach to stewardship within fixed income                                          |     | B-7  |
| ● |     | Boards of Directors                                                                      |     | B-8  |
| ● |     | Executive compensation                                                                   |     | B-11 |
| ● |     | Non-executive director                                                                   
 compensation                                                                             |     | B-12 |
| ● |     | Capital structure                                                                        |     | B-12 |
| ● |     | Transactions and special situations                                                      |     | B-13 |
| ● |     | Corporate reporting, risk management and audit                                           |     | B-14 |
| ● |     | Shareholder rights and protections                                                       |     | B-15 |
| ● |     | Shareholder proposals                                                                    |     | B-17 |
| ● |     | Corporate political activities                                                           |     | B-17 |
| ● |     | Sustainability, or environmental and social, considerations                              |     | B-17 |
| ● |     | Key stakeholders                                                                         |     | B-18 |
| ● |     | Climate and decarbonization investment objectives                                        |     | B-19 |
| ● |     | Appendix 1: How we fulfil and oversee our active investment stewardship