Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 325

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 325
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 Fund Holder book-entry interests for the Acquiring Fund VRDP Shares registered in the name of such Target Fund and then such Target Fund will distribute such number of shares to each holder of the Target Fund [VRDP] 33[VMTP] 34Shares, pro rata. The Target Fund [VRDP] 35[VMTP] 36Holders shall not receive, or be entitled to, any payment or other consideration in connection with or as a result of the Reorganization other than as provided in this Agreement. In connection with such issuance, the Acquiring Fund shall amend (or shall already have amended) the Acquiring Fund VRDP Shares’ Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares (the “ Articles Supplementary”), share certificates representing such Acquiring Fund VRDP Shares and such other agreements, instruments or documents relating to the Acquiring Fund VRDP Shares, in each case as of, or prior to, the Closing Date and only to the extent necessary or applicable to such agreement, instrument or document, to reflect the authorization and issuance of additional Acquiring Fund VRDP Shares in connection with the Reorganization. (f) No fractional shares of Acquiring Fund Common Shares will be issued to holders of Target Fund Common Shares unless such shares are held in a Dividend Reinvestment Plan account. In lieu thereof, the Acquiring Fund’s transfer agent will aggregate all fractional Acquiring Fund Common Shares to be issued in connection with the Reorganization (other than those issued to a Dividend Reinvestment Plan account) and sell the resulting full shares on the New York Stock Exchange at the current market price for Acquiring Fund Common Shares for the account of all holders of such fractional interests, and each Target Fund will receive such Target Fund’s pro rata share of the proceeds of such sale upon issuance of book-entry interests representing Acquiring Fund Common Shares to such Target Fund, at which time such Target Fund will then pay such share of the proceeds to its holders of Target Fund Common Shares, pro rata.

| 5. | PAYMENT OF EXPENSES. |

29[Applies to MIY.] 30[Applies to MVF and MVT.] 31[Applies to MIY.] 32[Applies to MVF and MVT.] 33[Applies to MIY.] 34[Applies to MVF and MVT.] 35[Applies to MIY.] 36[Applies to MVF and MVT.] A-9