Company: MYI
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198172
Chunk: 264

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 264
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252,930 |    |     | $ |   261,803 |   |     | $ |   244,245 |   |
| Portfolio turnover rate                                                                                      |     |                     |        23 | % |     |   |      22 | %  |     |   |      16 | %  |     |   |        10 | % |     |   |        11 | % |

| (a) | Based on average Common Shares outstanding. |

| (b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |

| (c) | Total returns based on market price, which can be significantly greater or less than the net asset value, may result in                                                   
 substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. |

| (d) | Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VRDP Shares. See Note 4 and Note 10 
 of the Notes to Financial Statements for details.                                                                          |

158

FINANCIAL STATEMENTS

The financial statements of the Acquiring Fund for the fiscal year ended July 31, 2024 are incorporated by reference herein to the
Acquiring Fund’s annual report filed on Form N-CSR on October 3, 2024. The financial statements of the
Acquiring Fund for the six-month period ended January
31, 2025 are incorporated by reference herein to the Acquiring Fund’s semi-annual report filed on Form
N-CSR on April 7, 2025.

The financial statements of MVT for the fiscal year ended
July 31, 2024 are incorporated by reference herein to MVT’s annual report filed on Form N-CSR on
October 3, 2024. The financial statements of MVT for the six-month period ended January
31, 2025 are incorporated by reference herein to MVT’s semi-annual report filed on Form N-CSR on
April 7, 2025.

The financial statements of MIY for the fiscal year ended July 31, 2024 are incorporated by reference herein to
MIY’s annual report filed on Form N-CSR on October 3, 2024. The financial statements of MIY for the six-month period ended January 31, 2025 are incorporated by reference herein to MIY’s semi-annual report