Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 220

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 220
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which long-term or intermediate-term MVF Municipal Bonds are available), and in order to keep cash on hand fully invested, MVF may invest up to 100% of its total assets in liquid, short-term investments including high quality, short-term securities
which may be either tax-exempt or taxable and securities of other open- or closed-end investment companies that invest primarily in MVF Municipal Bonds of the type in
which MVF may invest directly. MVF intends to invest in taxable short-term investments only in the event that suitable tax-exempt temporary investments are not available at reasonable prices and yields.
MVF’s stated expectation is that it will invest only in taxable temporary investments which are U.S. government securities and which mature within one year from the date of purchase or carry a variable or floating rate of interest (such
short-term obligations being referred to herein

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as “Temporary Investments”). Temporary Investments of MVF may include certificates of deposit issued by U.S. banks with assets of at least $1 billion, commercial paper or corporate
notes, bonds or debentures with a remaining maturity of one year or less, or repurchase agreements. See “Repurchase Agreements.” To the extent MVF invests in Temporary Investments, MVF will not at such times be in a position to achieve its
investment objective of tax-exempt income.

Short-term taxable fixed income investments include,
without limitation, the following:

(1) U.S. Government securities, including bills, notes and bonds differing as to maturity
and rates of interest that are either issued or guaranteed by the U.S. Treasury or by U.S. Government agencies or instrumentalities. U.S. Government securities include securities issued by (a) the Federal Housing Administration, Farmers Home
Administration, Export-Import Bank of the United States, Small Business Administration, and the Government National Mortgage Association, whose securities are supported by the full faith and credit of the United States; (b) the Federal Home
Loan Banks, Federal Intermediate Credit Banks, and the Tennessee Valley Authority, whose securities are supported by the right of the agency to borrow from the U.S. Treasury; (c) the Federal National Mortgage Association, whose securities are
supported by the discretionary authority of the U.S. Government to purchase certain obligations of the agency or instrumentality; and (d) the Student Loan Marketing Association, whose securities are supported only by its credit. While the U.S.
Government provides financial support to such U.S. Government- sponsored agencies or instrumentalities, no assurance can be