Company: MYI
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230138
Chunk: 33

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-10-03
Form: N-CSR
Chunk 33
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B Trusts, a Fund incurred non-recurring, legal and restructuring fees, which are recorded as interest expense, fees and amortization of offering costs in the Statements of Operations. Amounts recorded within interest expense fees and amortization of offering costs in the Statements of Operations are:

| Fund Name | Interest Expense | Liquidity Fees | Other Expenses |     Total |
| BTA       |         $209,174 |        $26,266 |        $10,617 |  $246,057 |
| MUA       |          357,826 |         50,731 |         14,335 |   422,892 |
| MYD       |        2,438,836 |        326,886 |        112,105 | 2,877,827 |
| MQY       |        2,735,717 |        362,346 |        132,604 | 3,230,667 |
| MYI       |        4,520,995 |        576,276 |        174,399 | 5,271,670 |

Notes to Financial Statements 83

Notes to Financial Statements (continued)

For the year ended July 31, 2025, the following table is a summary of each Fund ’ s TOB Trusts:

| Fund Name | UnderlyingMunicipal BondsTransferred toTOB Trusts(a) | Liability forTOB TrustCertificates(b) | Range ofInterest Rateson TOB TrustCertificates atPeriod End | AverageTOB TrustCertificatesOutstanding | Daily WeightedAverage Rateof Interest andOther Expenseson TOB Trusts |
| BTA       |                                          $12,235,168 |                            $6,990,013 | 2.34%—2.59%                                                 |                              $6,981,298 |                                                                3.52% |
| MUA       |                                           26,942,678 |                            18,552,437 | 2.32—2.45                                                   |                              12,720,868 |                                                                 3.32 |
| MYD       |                                          139,230,604 |                            96,564,984 | 2.32—2.41                                                   |                              85,093,227 |                                                                 3.38 |
| MQY       |                                          220,709,968 |                           136,211,748 | 2.31—2.41                                                   |                              96,753,914 |