Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 288

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 288
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 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.                                                                                                                                                                                                                                                    |     | Majority of outstanding shares |
| 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 the MVF Reorganization Agreement 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                                                                                                                                 |     | Majority of outstanding shares |

161

| the 1940 Act, and the liquidation, dissolution and termination of MVF in accordance with its charter and Maryland 
 law.                                                                                                              |

Voting Requirement for Proposal 2: The Issuance of Acquiring Fund Common Shares

| Proposals                                                                                                         |     | Required Approval of                  
 Shareholders                          |
| Proposal 2(A): The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single 
 class on a proposal to approve the MVT Issuance.                                                                  |     | Majority of votes entitled to be cast |
| Proposal 2(B): The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single 
 class on a proposal to approve the MIY Issuance.                                                                  |     | Majority of outstanding shares        |
| Proposal 2(C): The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single 
 class on a proposal to approve the MVF Issuance