Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 48

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 48
---
 Expenses(5)                     |     | 2.28% |     | 3.48% |     | 2.28% |     | 2.68% |     | 2.56% |     | 2.65% |

| (1) | No sales load will be charged in connection with the issuance of Acquiring Fund common shares as part of the                                                                                                                                              
 Reorganizations. Common shares are not available for purchase from the Funds but may be purchased on the NYSE through a broker-dealer subject to individually negotiated commission rates. Common shares purchased in the secondary market may be subject 
 to brokerage commissions or other charges.                                                                                                                                                                                                                |

| (2) | The Reinvestment Plan Agent’s fees for the handling of the reinvestment of distributions will be paid by                                                                                                                                                  
 the Fund. However, each participant will pay a $0.02 per share fee incurred in connection with open-market purchases, which will be deducted from the value of the dividend. The automatic reinvestment of all distributions will not relieve             
 participants of any U.S. federal, state or local income tax that may be payable on such dividends or distributions. [For MIY and MVF, participants that request a sale of shares are subject to a $0.02 per share brokerage commission. For the Acquiring 
 Fund and MVT, participants that request a sale of shares are subject to a $2.50 sales fee and a $0.15 per share sold brokerage commission fee. See “Automatic Dividend Reinvestment Plan” for additional information.]                                    |

| (3) | Each of MVT, MIY, MVF and the Acquiring Fund currently pays the Investment Advisor a monthly fee at an annual                                                                                                                                          
 contractual investment management fee rate of 0.50% of its average weekly managed assets. For purposes of calculating these fees, “managed assets” are determined as total assets of the Fund (including any assets attributable to money              
 borrowed for investment purposes) less the sum of its accrued liabilities (other than money borrowed for investment purposes). It is understood that the liquidation preference of any outstanding preferred shares (other than accumulated dividends) 
 and TOB Trusts is not considered a liability in determining the relevant Fund’s NAV. If the Reorganizations are consummated, the annual contractual investment management fee rate of the Acquiring Fund will be the annual contractual investment     
 management fee rate of the Combined Fund, which will be 0.50% of the average daily net assets of the Combined Fund. The Combined Fund will