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

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 25
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 including (i) the acquisition by the Acquiring Fund of substantially all of
MIY’s assets and the assumption by the Acquiring Fund of substantially all of MIY’s liabilities in exchange solely for newly issued common shares and VRDP Shares of the Acquiring Fund, which will be distributed to the common shareholders
(although cash may be distributed in lieu of fractional common shares) and VRDP Holders, respectively, of MIY, and which shall constitute the sole consideration to be distributed or paid to the common shareholders (although cash may be distributed
in lieu of fractional common shares) and the VRDP Holders in respect of their common shares and VRDP Shares, respectively, and (ii) the termination by MIY of its registration under the 1940 Act, and the liquidation, dissolution and termination
of MIY in accordance with its charter and Maryland law (the “MIY Reorganization”).

i

Proposal 1(D): The VRDP Holders of MIY are being asked to vote as a separate class on
a proposal to approve the MIY Reorganization Agreement and the MIY Reorganization.

Proposal 1(E): The common shareholders and VMTP Holders of MVF are being asked to vote as a single class on a proposal to approve an
Agreement and Plan of Reorganization between MVF and the Acquiring Fund (the “MVF Reorganization Agreement” and collectively with the MVT Reorganization Agreement and MIY Reorganization Agreement, the “Reorganization Agreements”)
and the transactions contemplated therein, including (i) the acquisition by the Acquiring Fund of substantially all of MVF’s assets and the assumption by the Acquiring Fund of substantially all of MVF’s liabilities in exchange solely
for newly issued common shares and VRDP Shares of the Acquiring Fund, which will be distributed to the common shareholders (although cash may be distributed in lieu of fractional common shares) and VMTP Holders, respectively, of MVF, and which shall
constitute the sole consideration to be distributed or paid to the common shareholders (although cash may be distributed in lieu of fractional common shares) and the VMTP Holders in respect of their common shares and VMTP Shares, respectively, and
(ii) the termination by MVF of its registration under the 1940 Act, and the liquidation, dissolution and termination of MVF in accordance with its charter and Maryland law (the “MVF Reorganization” and collectively with the MVT
Reorganization and the MIY Re