Company: MYI
Filing Date: 2025-09-02
Form Type: N-14 8C/A
Source: 0001193125-25-193985
Chunk: 107

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-02
Form: N-14 8C/A
Chunk 107
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 Common Shares. Each Board noted that the common shares of its Fund have historically traded at both a premium and a discount. As of July 31, 2025, the NAV per common share of MVT was $11.03 and the market price per common share of MVT was $10.07, representing a discount to NAV of 8.70%, the NAV per common share of MIY was $11.73 and the market price per common share of MIY was $10.91, representing a discount to NAV of 6.99%, the NAV per common share of MVF was $7.08 and the market price per common share of MVF was $6.61, representing a discount to NAV of 6.64%, and the NAV per common share of the Acquiring Fund was $11.25 and the market price per common share of the Acquiring Fund was $10.38, representing a discount to NAV of 7.73%. The Boards of MVT, MIY and MVF noted that to the extent MVT’s, MIY’s and MVF’s common shares are trading at a wider discount (or a narrower premium) than the Acquiring Fund at the time of the Reorganizations, MVT’s, MIY’s and MVF’s common shareholders would have the potential for an economic benefit by the narrowing of the discount or widening of the premium. The Boards of MVT, MIY and MVF also noted that to the extent MVT’s, MIY’s or MVF’s common shares are trading at a narrower discount (or wider premium) than the Acquiring Fund at the time of the Reorganizations, MVT’s, MIY’s and MVF’s common shareholders may be negatively impacted if its Reorganization is consummated. The Board of the Acquiring Fund noted that Acquiring Fund common shareholders would only benefit from a premium/discount perspective to the extent the post-Reorganization discount (or premium) of the Acquiring Fund common shares improves. There can be no assurance that, after the Reorganizations, common shares of the Combined Fund will trade at a narrower discount to NAV or wider premium to NAV than the common shares of any individual Fund prior to the Reorganizations. Upon consummation of the Reorganizations, the Combined Fund common shares may trade at a price that is less than the current market price of Acquiring Fund common shares. In the Reorganizations, common shareholders of MVT, MIY and MVF will receive Acquiring Fund common shares