Company: MYI
Filing Date: 2025-09-05
Form Type: 424B3
Source: 0001193125-25-196285
Chunk: 100

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-05
Form: 424B3
Chunk 100
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uance at the Special Meeting.

50

The Board of the Acquiring Fund recommends that common shareholders of the
Acquiring Fund vote “FOR” the proposed MVF Issuance at the Special Meeting.

Shareholder approval of the MVT
Reorganization Agreement requires (i) with respect to Proposal 1(A), the affirmative vote of the holders of a majority of the outstanding MVT common shares and MVT VMTP Shares voting as a single class, (ii) with respect to Proposal 1(B),
the affirmative vote of the holders of a 1940 Act Majority (as defined below) of MVT VMTP Shares voting as a separate class, and (iii) with respect to Proposal 1(G), the affirmative vote of the holders of a 1940 Act Majority of Acquiring
Fund VRDP Shares voting as a separate class.

Shareholder approval of the MIY Reorganization Agreement requires
(i) with respect to Proposal 1(C), the affirmative vote of a the holders of a majority of the outstanding MIY common shares and MIY VRDP Shares voting as a single class, (ii) with respect to Proposal 1(D), the affirmative vote of the
holders of a 1940 Act Majority of MIY VRDP Shares voting as a separate class and (iii) with respect to Proposal 1(H), the affirmative vote of the holders of a 1940 Act Majority of Acquiring Fund VRDP Shares voting as a separate class

Shareholder approval of the MVF Reorganization Agreement requires (i) with respect to Proposal 1(E), the affirmative vote
of a the holders of a majority of the outstanding MVF common shares and MVF VMTP Shares voting as a single class, (ii) with respect to Proposal 1(F), the affirmative vote of the holders of a 1940 Act Majority of MVF VMTP Shares voting as a
separate class and (iii) with respect to Proposal 1(I), the affirmative vote of the holders of a 1940 Act Majority of Acquiring Fund VRDP Shares voting as a separate class

Each Issuance contemplated by Proposal 2(A), Proposal 2(B) and Proposal 2(C) requires the affirmative vote of the holders of a
majority of the Acquiring Fund common shares and Acquiring Fund VRDP Shares entitled to be cast voting as a single class.

A “1940 Act Majority” means the affirmative vote of either (i) 67% or more of the voting securities present at the