Company: MYI
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230138
Chunk: 46

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-10-03
Form: N-CSR
Chunk 46
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 that requires a per annum liquidity fee and, in some cases, an upfront or initial commitment fee, payable to the liquidity provider. These fees, if applicable, are shown as liquidity fees in the Statements of Operations. As of period end, the fee agreement is set to expire, unless renewed or terminated in advance, as follows:

|                 | BTA      | MUA      | MYD      | MQY      | MYI      |
| Expiration date | 11/29/25 | 04/28/26 | 11/29/25 | 06/03/26 | 07/05/26 |

The VRDP Shares are also subject to a purchase agreement in connection with the liquidity feature. In the event a purchase agreement is not renewed or is terminated in advance, and the VRDP Shares do not become subject to a purchase agreement with an alternate liquidity provider, the VRDP Shares will be subject to mandatory purchase by the liquidity provider prior to the termination of the purchase agreement. In the event of such mandatory purchase, a VRDP Fund is required to redeem the VRDP Shares six months after the purchase date. Immediately after such mandatory purchase, the VRDP Fund is required to begin to segregate liquid assets with its custodian to fund the redemption. There is no assurance that a VRDP Fund will replace such redeemed VRDP Shares with any other preferred shares or other form of leverage. Remarketing: A VRDP Fund may incur remarketing fees on the aggregate principal amount of all its VRDP Shares, which, if any, are included in remarketing fees on Preferred Shares in the Statements of Operations. During any special rate period (as described below), a VRDP Fund may incur nominal or no remarketing fees. Ratings: As of period end, the VRDP Shares were assigned the following ratings:

| Fund Name | Moody’s InvestorsService, Inc.Long-TermRatings | Moody’s InvestorsService, Inc.Short-TermRatings | Fitch Ratings, Inc.Long-TermRatings | S&P GlobalShort-TermRatings |
| BTA       | Aa2                                            | P-1                                             | N/A                                 | A-1                         |
| MUA       | Aa2                                            | P-1                                             | N/A                                 | A-1                         |
| MYD       | Aa1                                            | P-1                                             | AA                                  | A-1                         |
| MQY       | Aa1                                            | P-1                                             | AA                                  | A-1                         |