Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 412

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 412
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 in accordance with BlackRock’s fiduciary obligations to its clients. Nevertheless, notwithstanding such proxy
voting policies and procedures, actual proxy voting decisions of BlackRock may have the effect of favoring the interests of other clients or businesses of other divisions or units of BlackRock, provided that BlackRock believes such voting decisions
to be in accordance with its fiduciary obligations. For a more detailed discussion of these policies and procedures, see .

It is also possible that, from time to time, BlackRock and/or its advisory clients (including other funds and separately managed accounts)
may, subject to compliance with applicable law, purchase and hold shares of a Fund. Increasing such Fund’s assets may enhance investment flexibility and diversification and may contribute to economies of scale that tend to reduce a Fund’s
expense ratio. BlackRock reserves the right, subject to compliance with applicable law, to redeem at any time some or all of the shares of a Fund acquired for its own accounts. A large redemption of shares of a Fund by BlackRock could significantly
reduce the asset size of such Fund, which might have an adverse effect on a Fund’s investment flexibility, portfolio diversification and expense ratio. BlackRock seeks to consider the effect of redemptions on a Fund and other shareholders in
deciding whether to redeem its shares but is not obligated to do so and may elect not to do so.

43

It is possible that a Fund may invest in securities of, or engage in transactions with,
companies in which BlackRock has significant debt or equity investments or other interests. A Fund may also invest in issuances (such as structured notes) by entities for which BlackRock provides and is compensated for cash management services
relating to the proceeds from the sale of such issuances. In making investment decisions for a Fund, BlackRock is not permitted to obtain or use material non-public information acquired by any unit of
BlackRock, in the course of these activities. In addition, from time to time, the activities of BlackRock may limit a Fund’s flexibility in purchases and sales of securities. As indicated below, BlackRock may engage in transactions with
companies in which BlackRock-Advised funds or other clients of BlackRock have an investment.

BlackRock and its personnel and other
financial service providers may have interests in promoting sales of a Fund. With respect to BlackRock and its personnel, the remuneration and profitability relating to services to and sales of a Fund or other products may be greater than
remuneration and profitability relating to services to