Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 293

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 293
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000 |     |       $100,000 |     |       $100,000 |     |    $100,000 |     |            $100,000 |

157

| (1) | Based on the number of outstanding common shares as of July 31, 2025. |

| (2) | Reflects non-recurring aggregate estimated Reorganization expenses of                                                                                                                                                               
 $[●], of which $[●] was attributable to MVT, $[●] was attributable to MIY, $[●] was attributable to MVF and $[●] was attributable to the Acquiring Fund. The actual costs associated with the Reorganizations may be more           
 or less than the estimated costs discussed herein. These costs will be amortized over the life of the VRDP Shares by the Combined Fund. Reflects UNII of $[●], of which $[●] was attributable to MVT, $[●] was attributable to MIY, 
 $[●] was attributable to MVF and $[●] was attributable to the Acquiring Fund.                                                                                                                                                       |

| (3) | Reflects adjustments due to differences in per common share NAV. |

158

VOTING RIGHTS

Voting rights are identical for the holders of each Fund’s common shares. Holders of each Fund’s common shares are entitled to one
vote for each Common Share held by them. Holders of each Fund’s preferred shares are entitled to one vote for each preferred share held by them. Each Fund’s common shares and preferred shares do not have cumulative voting rights.

APPRAISAL RIGHTS

Under Maryland law, a shareholder of a corporation does not have any preemptive rights to subscribe to any additional issue of stock unless
expressly provided for in the corporation’s charter (which the charter of the Acquiring Fund, does not provide). Under Maryland law, stockholders are entitled to demand the fair value of their shares from the successor entity in connection with
a reorganization except where any exceptions apply, which exceptions include if any shares of the class or series are listed on a national securities exchange, such as the common shares of MYI, on the Record Date. No exception exists for the MYI
VRDP Shares and therefore the VRDP Holders of MYI are entitled to demand the fair value of their VRDP Shares from the Acquiring Fund.

159

U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE REORGANIZATIONS [The following is a general summary of the U