Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 249

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 249
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| Investment Management Fees(3)(4)                                                                    |     | 0.73%                                        |     | 0.79%                                                      |     | 0.74%                                                      |     | 0.80%                                                      |     | 0.78%                                                      |     | 0.78%                                               |
| Other Expenses                                                                                      |     | 0.12%                                        |     | 0.09%                                                      |     | 0.10%                                                      |     | 0.07%                                                      |     | 0.06%                                                      |     | 0.04%                                               |
| Interest Expense(5)                                                                                 |     | 1.42%                                        |     | 2.59%                                                      |     | 1.44%                                                      |     | 1.81%                                                      |     | 1.72%                                                      |     | 1.82%                                               |

128

| Acquired Fund Fees and Expenses |     | 0.01% |     | 0.01% |     | 0.00% |     | 0.00% |     | 0.00% |     | 0.01% |
| Total Annual Fund Operating     
 Expenses(5)                     |     | 2.28% |     | 3.48% |     | 2.28% |     | 2.68% |     | 2.56% |     | 2.65% |

| (1) | No sales load will be charged in connection with the issuance of Acquiring Fund common shares as part of the                                                                                                                                              
 Reorganizations. Common shares are not available for purchase from the Funds but may be purchased on the NYSE through a broker-dealer subject to individually negotiated commission rates. Common shares purchased in the secondary market may be subject 
 to brokerage commissions or other charges.                                                                                                                                                                                                                |

| (2) | The Reinvestment Plan Agent’s fees for the handling of the reinvestment of distributions will be paid                                                                                                                                            
 by the Fund. However, each participant will pay a $0.02 per share fee incurred in connection with open-market purchases, which will be deducted from the value of the dividend. The automatic reinvestment of all distributions will not relieve 
 participants of any U.S. federal, state or local income tax that may be payable on such dividends or distributions. [For [●] and [●], participants that request a sale of shares are subject to a $0.02 per share brokerage