Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 252

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 252
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     $262 |

129

|                                                     |     | 1 Year |     | 3 Years |     | 5 Years |     | 10 Years |
| MIY                                                 |     |    $35 |     |    $107 |     |    $181 |     |     $376 |
| MVF                                                 |     |    $23 |     |     $71 |     |    $122 |     |     $262 |
| Acquiring Fund (MYI)                                |     |    $27 |     |     $83 |     |    $142 |     |     $302 |
| Pro forma Combined Fund (MVT into MYI)              |     |    $26 |     |     $80 |     |    $136 |     |     $290 |
| Pro forma Combined Fund (MVT, MIY and MVF into MYI) |     |    $27 |     |     $82 |     |    $141 |     |     $298 |

The examples set forth above assume common shares of each Fund were owned as of the completion of the Reorganizations and the reinvestment of all dividends and distributions and uses a 5% annual rate of return as mandated by SEC regulations. The examples should not be considered a representation of past or future expenses or annual rates of return. Actual expenses or annual rates of return may be more or less than those assumed for purposes of the examples. Common shareholders of each Fund will indirectly bear all or a portion of the costs of the Reorganizations. The expenses of the Reorganizations of MVT, MIY, MVF and the Acquiring Fund are estimated to be approximately $242,000, $364,000, $319,000 and $480,000. The actual costs associated with the Reorganizations may be more or less than the estimated costs discussed herein. VMTP Holders and VRDP Holders, as applicable, are not expected to bear any costs of the Reorganizations. 130

CAPITALIZATION TABLE The Board of each Fund may authorize separate classes of shares together with such designation of preferences, rights, voting powers, restrictions, limitations, qualifications or terms as may be determined from time to time by the Board of such Fund. The tables below set forth (i) the capitalization of MVT and MYI as of July 31, 2025 and the pro formacapitalization of the Combined Fund assuming only the MVT Reorganization was consummated as of July 31, 2025