Company: MYI
Filing Date: 2025-07-15
Form Type: 425
Source: 0001193125-25-159406
Chunk: 29

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-15
Form: 425
Chunk 29
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number of Shares purchased in the Offer, the Fund may reduce its outstanding borrowings in order to comply with the leverage requirements of the 1940 Act and to maintain the Fund’s overall financial leverage targets. The Fund may sell securities held in its investment portfolio to fund this reduction in its outstanding borrowings, which will be subject to similar risks as described above with respect to sales of portfolio securities to fund the Offer. This de-leveringmay result in decreased returns to the Fund and increased expenses for remaining stockholders. F. Possible Proration. If greater than the Offer Amount of the Fund’s Shares are tendered pursuant to the Offer, the Fund would, upon the terms and subject to the conditions of the Offer, purchase Shares tendered on a pro rata basis. Accordingly, stockholders cannot be assured that all of their tendered Shares will be purchased.

| 10. | Price Range of Shares. |

The following table sets forth, for each of the calendar quarters indicated, the high and low closing market prices for the Shares on the NYSE, the NAV per Share and the premium or discount to NAV per Share at which the Shares were trading. Price Range of Shares

| During Quarter Ended | High | Market Price 
 per Share    |      |     | Low |   |      |     | High | NAV per Share           
 on Date of Market Price 
 High and Low(1)         |       |     | Low |     |       |     | High | Premium/(Discount)      
 on Date of Market Price 
 High and Low(2)         |        |    | Low |     |        |    |
|:---------------------|:-----|:-------------|-----:|:----|:----|:--|-----:|:----|:-----|:------------------------|------:|:----|:----|:----|------:|:----|:-----|:------------------------|:-------|:---|:----|:----|:-------|:---|
| June 30, 2025        |      | $            | 7.10 |     |     | $ | 6.54 |     |      |                         | $7.65 |     |     |     | $7.25 |     |      |                         | (7.19  | )% |     |     | (9.79  | )% |
| March 31, 2025       |      | $            | 7.34 |     |