Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 298

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 298
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 would depend on many variables, including MVT’s, MIY’s or MVF’s expected growth rate if the relevant Reorganization were not to occur (i.e., whether, in the absence of the Reorganizations, MVT, MIY or MVF would generate
sufficient capital gains against which to utilize its capital loss carryforwards (and certain realized built-in losses), in excess of what would have been the “annual loss limitation amount” had the
relevant Reorganizations occurred), the timing and amount of future capital gains recognized by the Combined Fund if the Reorganizations were to occur, and the timing of a historic MVT, MIY or MVF shareholder’s disposition of its Shares (the
tax basis of which might, depending on the facts, reflect that shareholder’s share of such Fund’s capital losses). Shareholders of all of the Funds should consult their own tax advisors in this regard.

For five years beginning on the Closing Date of the Reorganizations, the Combined Fund will not be allowed to offset certain pre-Reorganization built-in gains attributable to a Fund that is a gain corporation with capital loss carryforwards (and certain
built-in losses) attributable to another Fund.

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VOTING INFORMATION AND REQUIREMENTS Record Date The Funds’ have fixed the close of business on August 18, 2025 as the Record Date for the determination of shareholders entitled to notice of, and to vote at, the Special Meeting or any adjournment or postponement thereof. Shareholders on the Record Date will be entitled to one vote for each Share held, with no Shares having cumulative voting rights. A list of each Fund’s shareholders of record as of the Record Date will be available for inspection at the Special Meeting. As of the Record Date, the Funds had the following number of common shares and preferred shares outstanding:

| Title of Class   |     | MVT |     | MIY |     | MVF |     | Acquiring Fund 
 (MYI)          |
| Common Shares    |     | [●] |     | [●] |     | [●] |     | [●]            |
| VMTP/VRDP Shares |     | [●] |     | [●] |     | [●] |     | [●]            |

Proxies Shareholders may vote by participating at the Special Meeting remotely, by returning the enclosed proxy card or by casting their vote via telephone or the Internet using the instructions provided on the enclosed proxy card (described in greater detail below).