Company: MYI
Filing Date: 2025-09-05
Form Type: 424B3
Source: 0001193125-25-196285
Chunk: 413

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-05
Form: 424B3
Chunk 413
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, if permitted by applicable law, and where consistent with
BlackRock’s policies and procedures (including the necessary implementation of appropriate information barriers), a Fund may purchase securities or instruments that are issued by such companies, are the subject of an advisory or risk
management assignment by BlackRock, or where personnel of BlackRock are directors or officers of the issuer.

BlackRock
has adopted and implemented policies and procedures that are designed to address potential conflicts that arise in connection with the advisory services BlackRock provides to a Fund and other clients. Certain BlackRock advisory personnel may take
views, and make decisions or recommendations, that are different than or opposite those of other BlackRock advisory personnel. Certain portfolio management teams within BlackRock may make decisions or take (or refrain from taking) actions with
respect to clients they advise in a manner different than or adverse to the decisions made or the actions taken (or not taken) by a Fund’s portfolio management teams. The various portfolio management teams may not share information with each
other, including as a result of certain information barriers and other policies, and will not have any obligation or other duty to do so.

BlackRock has established certain information barriers and other policies to address the sharing of information between
different businesses within BlackRock, including, effective on or about January 21, 2025, with respect to personnel responsible with managing portfolios and voting proxies with respect to certain index equity portfolios versus those responsible
for managing portfolios and voting proxies with respect to all other portfolios. As a result of information barriers, certain units of BlackRock generally will not have access, or will have limited access, to certain information and personnel,
including senior personnel, in other units of BlackRock, and generally will not manage a Fund with the benefit of information possessed by such other units. Therefore, BlackRock may not be able to review potential investments for a Fund with the
benefit of information held by certain areas of BlackRock.

BlackRock may determine to move certain personnel, businesses,
or business units from one side of an information barrier to the other side of the information barrier. In connection therewith, BlackRock personnel, businesses, and business units that were moved will no longer have access to the information and
personnel from the side of the information barrier from which they were moved. Information obtained in connection with such changes to information barriers may limit or restrict the ability of BlackRock to engage in or otherwise effect transactions
on behalf of a Fund (including purchasing or selling securities that BlackRock may otherwise have purchased or sold for a