Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 15

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 15
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) the Combined Fund’s estimated use of leverage, assuming only the Reorganization of MVT into the Acquiring Fund had taken place as of June 30, 2025 (iii) the Combined Fund’s estimated use of leverage, assuming the Reorganizations of all the Funds had taken place as of June 30, 2025.

| Ratios                       |     | MVT |        |     | MIY |        |     | MVF |        |     | Acquiring 
 Fund      
 (MYI)     |        |     | Pro forma 
 Combined  
 Fund      
 (MVT into 
 MYI)      |        |     | Pro forma     
 Combined Fund 
 (MVT, MIY and 
 MVF into MYI) |        |
| Asset Coverage Ratio         |     |     | 403.0% |     |     | 249.4% |     |     | 370.6% |     |           | 313.7% |     |           | 329.7% |     |               | 314.6% |
| Regulatory Leverage Ratio(1) |     |     | 24.8%  |     |     | 40.1%  |     |     | 27.0%  |     |           | 31.9%  |     |           | 30.3%  |     |               | 31.8%  |

vii

| Ratios                      |     | MVT |       |     | MIY |       |     | MVF |       |     | Acquiring 
 Fund      
 (MYI)     |       |     | Pro forma 
 Combined  
 Fund      
 (MVT into 
 MYI)      |       |     | Pro forma     
 Combined Fund 
 (MVT, MIY and 
 MVF into MYI) |       |
| Effective Leverage Ratio(2) |     |     | 40.3% |     |     | 40.2% |     |     | 40.8% |     |           | 40.8% |     |           | 40.7% |     |               | 40.6% |

| (1) | Regulatory leverage consists of preferred shares issued by the Fund, which is a part of the Fund’s                                                        
 capital structure. Regulatory leverage is sometimes referred to as “1940 Act Leverage” and is subject to asset coverage limits set forth in the 1940