Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 228

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 228
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 into repurchase agreements with registered securities dealers or domestic banks that, in the opinion
of the Investment Advisor, present minimal credit risk. The risk to MVF is limited to the ability of the issuer to pay the agreed-upon repurchase price on the delivery date; however, although the value of the underlying collateral at the time the
transaction is entered into always equals or exceeds the agreed-upon repurchase price, if the value of the collateral declines there is a risk of loss of both principal and interest. In the event of default, the collateral may be sold but MVF might
incur a loss if the value of the collateral declines, and might incur disposition costs or experience delays in connection with liquidating the collateral. In addition, if bankruptcy proceedings are commenced with respect to the seller of the
security, realization upon the collateral by MVF may be delayed or limited. The Investment Advisor will monitor the value of the collateral at the time the transaction is entered into and at all times subsequent during the term of the repurchase
agreement in an effort to determine that such value always equals or exceeds the agreed-upon repurchase price. In the event the value of the collateral declines below the repurchase price, the Investment Advisor will demand additional collateral
from the issuer to increase the value of the collateral to at least that of the repurchase price, including interest.

Securities Lending.MVF may lend portfolio securities to certain borrowers determined to be creditworthy by the Investment Advisor, including to borrowers affiliated with the Investment Advisor. The borrowers provide collateral that is maintained in an
amount at least equal to the current market value of the securities loaned. No securities loan will be made on behalf of MVF if, as a result, the aggregate value of all securities loans of MVF exceeds
one-third of the value of MVF’s total assets (including the value of the collateral received). MVF may terminate a loan at

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any time and obtain the return of the securities loaned. MVF receives the value of any
interest or cash or non- cash distributions paid on the loaned securities.

With respect to loans that are collateralized by cash, the
borrower may be entitled to receive a fee based on the amount of cash collateral. MVF is compensated by the difference between the amount earned on the reinvestment of cash collateral and the fee paid to the borrower. In the case of collateral other
than cash, MVF is compensated by a fee paid by the borrower equal to a percentage of the market