Company: MYI
Filing Date: 2025-09-02
Form Type: N-14 8C/A
Source: 0001193125-25-193985
Chunk: 372

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-02
Form: N-14 8C/A
Chunk 372
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 Fund’s annual portfolio turnover rate may vary greatly from year to year,
as well as within a given year. Portfolio turnover rate is not considered a limiting factor in the execution of investment decisions for the Acquiring Fund. A higher portfolio turnover rate results in correspondingly greater brokerage commissions
and other transactional expenses that are borne by the Acquiring Fund. High portfolio turnover may result in an increased realization of net short-term capital gains by the Acquiring Fund which, when distributed to common shareholders, will be
taxable as ordinary income. Additionally, in a declining market, portfolio turnover may create realized capital losses.

MANAGEMENT OF THE FUNDS

The Board of Directors and Officers

The Board of Trustees or the Board of Directors, as applicable (each, a “Board”), currently consists of ten individuals (each, a
“Board Member”), eight of whom are not “interested persons” of each Fund as defined in the 1940 Act (the “Independent Board Members”). The BlackRock-Advised Funds are organized into one complex of closed-end funds and open-end non-index fixed-income funds (the “BlackRock Fixed-Income Complex”), one complex of open-end equity, multi-asset, index and money market funds (the “BlackRock Multi-Asset Complex”) and one complex of exchange-traded funds (each, a “BlackRock Fund Complex”). Each Fund is
included in the BlackRock Fixed-Income Complex. The Board Members also oversee as Board members the operations of the other closed-end registered investment companies included in the BlackRock Fixed-Income
Complex.

10

Certain biographical and other information relating to the Board Members and officers of each Fund is set forth below, including their year of birth, their principal occupation for at least the last five years, the length of time served, the total number of investment companies overseen in the BlackRock Fund Complexes and any public directorships or trusteeships. Please refer to the below table which identifies the Board Members and sets forth certain biographical information about the Board Members for each Fund.

| Name and                  
 Year of Birth1,2          |     | Position(s)                                       
 Held                                              
 (Length of                                        
 Service)3                                         |     | Principal                                                                                                                                                                                                                                          
 Occupation(s)                                                                                                                                                                                                                                      
 During Past Five                                                                                                                                                                                                                                   
 Years                                                                                                                                                                                                                                              |     | Number of                            
 BlackRock-Advised                    
 Registered Investment                
 Companies                            
 (“RICs”)                             
 Consisting of Investment             
 Portfolios (“Portfolios”)            
 Overseen                             |     | Public