Company: MYI
Filing Date: 2025-07-15
Form Type: 425
Source: 0001193125-25-159406
Chunk: 13

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-15
Form: 425
Chunk 13
---
 to the Fund’s present dividend rate or policy. In addition, the Investment Advisor and/or members of the Board may from time to time engage in discussions with certain large stockholders in connection with the submission of shareholder proposals or other actions taken by such large stockholders which may relate to or would result in certain of the transactions or actions set out in the next paragraph. Any such changes, transactions or actions approved by the Board during the period during which the Offer is open would be disclosed to stockholders through a supplement to this Offer to Purchase. Any such changes, transactions or actions approved by the Board, whether during the period during which the Offer is open or otherwise, would also be disclosed to stockholders through press release or other appropriate form of public announcement. Except as described in the preceding paragraphs, to the extent otherwise described herein or in connection with the operation of the Fund’s automatic dividend reinvestment plan, the Fund does not have any present plans or proposals and is not engaged in any negotiations that relate to or would result in: (a) any extraordinary transaction, such as a merger, reorganization or liquidation, involving the Fund or any of its subsidiaries; (b) other than in connection with transactions in the ordinary course of the Fund’s operations and for purposes of funding the Offer, any purchase, sale or transfer of a material amount of assets of the Fund or any of its subsidiaries; (c) any material change in the Fund’s present dividend policy, or indebtedness or capitalization of the Fund; 2

(d) changes to the present Board or management of the Fund, including changes to the number
or the term of members of the Board, the filling of any existing vacancies on the Board or changes to any material term of the employment contract of any executive officer;

(e) any other material change in the Fund’s corporate structure or business, including any plans or proposals to make any changes in the
Fund’s investment policy for which a vote would be required by Section 13 of the 1940 Act;

(f) any class of equity securities
of the Fund being delisted from a national securities exchange or ceasing to be authorized to be quoted in an automated quotations system operated by a national securities association;

(g) any class of equity securities of the Fund becoming eligible for termination of registration pursuant to Section 12(g)(4) of the
Exchange Act;

(h) the suspension of the Fund’s obligation to file reports pursuant to Section 15(d) of the Exchange Act;

(i) the acquisition by any person of additional