Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 290

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 290
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 Indemnification provisions contained in a Fund’s governing documents are subject to any limitations imposed by applicable law. The funds in the BlackRock Fixed-Income Complex, including the Funds, have also entered into a separate indemnification agreement with the Board Members of each Board (the “Indemnification Agreement”). The Indemnification Agreement (i) extends the indemnification provisions contained in a Fund’s governing documents to Board Members who leave that Fund’s Board and serve on an advisory board of a different fund in the BlackRock Fixed-Income Complex; (ii) sets in place the terms of the indemnification provisions of a Fund’s governing documents once a director retires from a Board; and (iii) in the case of Board Members who left the Board of a Fund in connection with or prior to the board consolidation that occurred in 2007 as a result of the merger of BlackRock and Merrill Lynch & Co., Inc.’s investment management business, clarifies that such Fund continues to indemnify the director for claims arising out of his or her past service to that Fund. 163

SHAREHOLDER INFORMATION Unless otherwise indicated, the information set forth below is as of [•], 2025. To each Fund’s knowledge, no person beneficially owned more than 5% of the Fund’s respective outstanding common shares, except as set forth below.

| Fund† |     | Investor |     | Address |     | Common      
 Shares Held |     | Common   
 Shares % 
 Held     |     | Preferred   
 Shares Held |     | Preferred 
 Shares %  
 Held      |
| [•]   |     | [•]      |     | [•]     |     | [•]         |     | [•]      |     | [•]         |     | [•]       |

| † | The information contained in this table is based on Schedule 13D/13G filings made on or before [•], 
 2025.                                                                                               |

As of [•], 2025, the officers and Board Members of each Fund, as a group, beneficially owned less than 1% of the outstanding common shares of each such Fund and none of the outstanding VMTP Shares or VRDP Shares, as applicable of each such Fund. SHAREHOLDER PROPOSALS To be considered for presentation at a shareholder’s meeting, rules promulgated by the SEC generally require that, among other things, a shareholder’s proposal must be received at the offices of the relevant Fund a reasonable time before