Company: MYI
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198172
Chunk: 122

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 122
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 was
incorporated as a Maryland corporation governed by the laws of the State of Maryland on July 6, 1988, and commenced operations on September 29, 1988.

The Acquiring Fund was incorporated as a Maryland corporation governed by the laws of the State of Maryland on January 13, 1992, and
commenced operations on April 13, 1992.

The Acquiring Fund common shares are listed on the NYSE as “MYI.” MVT’s
common shares are listed on the NYSE as “MVT.” MIY’s common shares are listed on the NYSE as “MIY.” MVF’s common shares are listed on the NYSE as “MVF.”

Each of the Acquiring Fund, MVT, MIY and MVF have a July 31 fiscal year end.

Each of MVT and MVF has VMTP Shares outstanding, and each of the Acquiring Fund and MIY has VRDP Shares outstanding. Each Fund’s
preferred shares are not listed on a national stock exchange and have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered, sold, assigned, transferred, pledged, encumbered or
otherwise disposed of except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Please see “Information about the Preferred Shares of the
Funds” for additional information.

62

MANAGEMENT OF THE FUNDS

The Board of Directors and Officers

The Board of Trustees or the Board of Directors, as applicable (each, a “Board”), currently consists of ten individuals (each, a
“Board Member”), eight of whom are not “interested persons” of each Fund as defined in the 1940 Act (the “Independent Board Members”). The BlackRock-Advised Funds are organized into one complex of closed-end funds and open-end non-index fixed-income funds (the “BlackRock Fixed-Income Complex”), one complex of open-end equity, multi-asset, index and money market funds (the “BlackRock Multi-Asset Complex”) and one complex of exchange-traded funds (each, a “BlackRock Fund Complex”). Each Fund is
included in the BlackRock Fixed-Income Complex. The Board Members also oversee as Board members the operations of the other closed-end registered investment companies included in the BlackRock Fixed-Income
Complex.

Certain biographical and other information relating to the Board Members and officers