Company: MYI
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230138
Chunk: 61

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-10-03
Form: N-CSR
Chunk 61
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 . This information may not reflect all of the changes that have occurred since you purchased the relevant Fund. Effective September 12, 2024, BlackRock Long-Term Municipal Advantage Trust (BTA) added a policy that the Fund’s investments in derivatives will be counted toward the Fund’s 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities. The Fund also clarified that its policy of investing at least 80% of its assets in municipal bonds may not be changed without shareholder approval. Effective September 12, 2024, BlackRock MuniAssets Fund, Inc. (MUA) added a policy that the Fund’s investments in derivatives will be counted toward the Fund’s 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities. Effective September 12, 2024, BlackRock MuniYield Fund, Inc. (MYD) added a policy that the Fund’s investments in derivatives will be counted toward the Fund’s 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities. Effective September 12, 2024, BlackRock MuniYield Quality Fund, Inc. (MQY) added a policy to invest at least 80% of its managed assets in municipal bonds that are investment grade quality at the time of investment. BYM also added a policy that the Fund’s investments in derivatives will be counted toward the Fund’s 80% policies to the extent that they provide investment exposure to the securities included within each policy or to one or more market risk factors associated with such securities. Effective September 12, 2024, BlackRock MuniYield Quality Fund III, Inc. (MYI) added a policy to invest at least 80% of its managed assets in municipal bonds that are investment grade quality at the time of investment. BYM also added a policy that the Fund’s investments in derivatives will be counted toward the Fund’s 80% policies to the extent that they provide investment exposure to the securities included within each policy or to one or more market risk factors associated with such securities. Investment Objectives and Policies BlackRock Long-Term Municipal Advantage Trust (BTA) The Fund’s investment objective is to provide current income exempt from regular Federal income tax. Under normal market conditions, the Fund invest