Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 356

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 356
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     |      |  48 |
| FINANCIAL STATEMENTS                                          |     |      |  48 |
| SUPPLEMENTAL FINANCIAL STATEMENTS                             |     |      |  48 |
| APPENDIX A RATINGS OF INVESTMENTS                             |     |      | A-1 |
| APPENDIX B PROXY VOTING POLICIES – BLACKROCK CLOSED-END FUNDS |     |      | B-1 |

9

INVESTMENT POLICIES AND TECHNIQUES The following information supplements the discussion of the Acquiring Fund’s investment objective, policies and techniques that are described in the Joint Proxy Statement/Prospectus. Environmental, Social and Governance (“ESG”) Integration.Although the Acquiring Fund does not seek to implement a specific sustainability objective, strategy or process unless disclosed in the Joint Proxy Statement/Prospectus, Acquiring Fund management will consider ESG factors as part of the investment process for the Acquiring Fund. Fund management views ESG integration as the practice of incorporating financially material ESG data or information into investment processes with the objective of enhancing risk-adjusted returns. These ESG considerations will vary depending on a fund’s particular investment strategies and may include consideration of third-party research as well as consideration of proprietary research of the Investment Advisor across the ESG risks and opportunities regarding an issuer. The ESG characteristics utilized in the Acquiring Fund’s investment process are anticipated to evolve over time and one or more characteristics may not be relevant with respect to all issuers that are eligible for investment. Certain of these considerations may affect the Acquiring Fund’s exposure to certain companies or industries. While Acquiring Fund management views ESG considerations as having the potential to contribute to the Acquiring Fund’s long-term performance, there is no guarantee that such results will be achieved. ADDITIONAL RISK FACTORS AND SPECIAL CONSIDERATIONS The following information supplements the discussion of the Acquiring Fund’s risk factors that are described in the Joint Proxy Statement/Prospectus. Risk Factors in Strategic Transactions and Derivatives. The Acquiring Fund’s use of derivative instruments involves risks different from, and possibly greater than, the risks associated with investing directly in securities and other traditional investments. Derivatives are subject to a number of risks such as credit risk, currency risk, leverage risk, liquidity risk, correlation risk, index risk and volatility as described below:

| • |     | Credit Risk—the risk that the counterparty in a derivative transaction will be unable to honor