Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 254

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 254
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] |     |             |     $[●] |     |           |     $[●] |
| VMTP/VRDP Shares                           |     |           $[●] |     |           $[●] |     |             |     $[●] |     |           |     $[●] |
| Shares Outstanding                         |     |                |     |                |     |             |          |     |           |          |
| Common Shares                              |     |              $ |     |           $[●] |     |             |     $[●] |     |           |     $[●] |
| VMTP/VRDP Shares                           |     | $[153,600,000] |     | $[356,400,000] |     |             |     $[●] |     |           |     $[●] |
| NAV per Common Share                       |     |           $[●] |     |           $[●] |     |             |     $[●] |     |           |     $[●] |
| Liquidation Preference per VMTP/VRDP Share |     |       $100,000 |     |       $100,000 |     |             | $100,000 |     |           | $100,000 |

| (1) | Based on the number of outstanding common shares as of July 31, 2025. |

| (2) | Reflects non-recurring aggregate estimated Reorganization expenses of                                                                                                                                                           
 $[●], of which $[●] was attributable to MVF, and $[●] was attributable to the Acquiring Fund. These costs will be amortized over the life of the VRDP Shares by the Combined Fund. Reflects undistributed net investment income 
 (previously defined as “UNII”) of $[●], of which $[●] was attributable to MVF and $[●] was attributable to the Acquiring Fund. Reflects Undistributed Long Term Capital Gains of $[●] attributed to MVF.                        |

| (3) | Reflects adjustments due to differences in per common share NAV. |

Capitalization of each Fund as of July 31, 2025 and pro forma capitalization of the Combined Fund assuming all Reorganizations are consummated (unaudited)

|                                            |     | MVT |               |     | MIY |                |     | MVF |                |     | Acquiring Fund 
 (