Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 82

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 82
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 Bond program expired on
December 31, 2010 and no further issuance is permitted unless Congress renews the program. As a result, the number of available Build America Bonds is limited, which may negatively affect the value of the Build America Bonds. In addition, there
can be no assurance that Build

34

America Bonds will be actively traded. It is difficult to predict the extent to which a market for such bonds will continue, meaning that Build America Bonds may experience greater illiquidity than other municipal obligations. The Build America Bonds outstanding as of December 31, 2010 will continue to be eligible for the federal interest rate subsidy, which continues for the life of the Build America Bonds; however, no bonds issued following expiration of the Build America Bond program will be eligible for the U.S. federal tax subsidy. Municipal Securities Risks. Municipal securities risks include the ability of the issuer to repay the obligation, the relative lack of information about certain issuers of municipal securities, and the possibility of future legislative changes which could affect the market for and value of municipal securities. These risks include:

| (1) | General Obligation Bonds Risks — Timely payments depend on the issuer’s credit quality, ability to 
 raise tax revenues and ability to maintain an adequate tax base.                                   |

| (2) | Revenue Bonds Risks — These payments depend on the money earned by the particular facility or class of 
 facilities, or the amount of revenues derived from another source.                                     |

| (3) | Private Activity Bonds Risks — Municipalities and other public authorities issue private activity bonds                                                                                                                               
 to finance development of industrial facilities for use by a private enterprise. The private enterprise pays the principal and interest on the bond, and the issuer does not pledge its faith, credit and taxing power for repayment. |

| (4) | Moral Obligation Bonds Risks — Moral obligation bonds are generally issued by special purpose public                                                                                                    
 authorities of a state or municipality. If the issuer is unable to meet its obligations, repayment of these bonds becomes a moral commitment, but not a legal obligation, of the state or municipality. |

| (5) | Municipal Notes Risks — Municipal notes are shorter term municipal debt obligations. If there is a              
 shortfall in the anticipated proceeds, the notes may not be fully repaid and the Acquiring Fund may lose money. |

| (6) | Municipal Lease Obligations Risks — In a municipal lease obligation, the issuer agrees to make payments                                                                                       
 when due on the lease obligation.