Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 265

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 265
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)                                     |     | $                    | 116,500 |   |     | $ | 116,500 |    |     | $ | 116,500 |    |     | $ | 116,500 |   |     | $ | 116,500 |   |
| Asset coverage per VMTP Shares at $100,000 liquidation value, end of year                                    |     | $                    | 366,619 |   |     | $ | 358,967 |    |     | $ | 364,984 |    |     | $ | 379,890 |   |     | $ | 374,548 |   |
| Borrowings outstanding, end of year (000)                                                                    |     | $                    |  90,517 |   |     | $ |  87,513 |    |     | $ |  72,634 |    |     | $ |  75,273 |   |     | $ |  78,851 |   |
| Portfolio turnover rate                                                                                      |     |                      |      22 | % |     |   |      21 | %  |     |   |      13 | %  |     |   |      10 | % |     |   |      13 | % |

| (a) | Based on average Common Shares outstanding. |

| (b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |

| (c) | Total returns based on market price, which can be significantly greater or less than the net asset value, may result in                                                   
 substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. |

| (d) | Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VMTP Shares. See Note 4 and Note 
 10 of the Notes to Financial Statements for details.                                                                    |

145

The Financial Highlights table is intended to help you understand the Acquiring Fund’s financial performance for the periods shown.
Certain information reflects the financial results for a single common share of the Acquiring Fund. The total returns in the table represent the rate an investor would have earned or lost on an investment in the Acquiring Fund (assuming reinvestment
of all dividends and/or distributions, if applicable). The information for the six-month period ended January 31, 2025 is unaudited. The information