Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 68

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 68
---
Shares”), 500 shares of Auction Market Preferred Stock, Series B, par value $0.05, with a liquidation preference of $25,000, plus an amount equal to all accumulated but unpaid dividends (whether or not earned or declared) (the “MVF AMPS
Series B Shares”), 500 shares of of Auction Market Preferred Stock, Series C, par value $0.05, with a liquidation preference of $25,000, plus an amount equal to all accumulated but unpaid dividends (whether or not earned or declared) (the
“MVF AMPS Series C Shares”), 1,000 shares of Auction Market Preferred Stock, Series D, par value $0.05, with a liquidation preference of $25,000, plus an amount equal to all accumulated but unpaid dividends (whether or not earned or
declared) (the “MVF AMPS Series D Shares”), 750 shares of Auction Market Preferred Stock, Series E, par value $0.05, with a liquidation preference of $25,000, plus an amount equal to all accumulated but unpaid dividends (whether or not
earned or declared) (the “MVF AMPS Series E Shares”), 2,360 shares of Auction Market Preferred Stock, Series F, par value $0.10, with a liquidation preference of $25,000, plus an amount equal to all accumulated but unpaid dividends
(whether or not earned or declared) (the “MVF AMPS Series F Shares”) and 2,438 shares of Series W-7 Retired Variable Rate Muni-Term Preferred Shares, par value $0.10, with a liquidation preference of
$100,000 (the “MVF Retired Preferred Shares”), and 1,536 shares of Series W-7 Variable Rate Muni-Term Preferred Shares, par value $0.10, with a liquidation preference of $100,000 (the “MVF VMPT
Shares”).

26

The Board of each Fund is authorized, however, to reclassify any unissued common shares to
preferred shares without the approval of its common shareholders.

Assuming all of the Reorganizations are approved by the requisite shareholders, upon
the Closing Date of the Reorganizations, MVT, MIY and MVF will receive newly issued Acquiring Fund VRDP Shares, par value $0.10 per share and with a liquidation preference of $100,000 per share (plus an amount equivalent to any accumulated and