Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 250

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 250
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 |    $100,000 |     | $434,100,000 |     |    $1,678,299,384 |     | 43.54%     |
| Pro forma Combined Fund (MVT, MIY, MVF into MYI) |     | VRDP     
 Shares   |     |       8,196 |     |    $100,000 |     | $819,600,000 |     |    $2,957,562,774 |     | 46.59%     |

The MVT and MVF VMTP Shares and the Acquiring Fund and MIY VRDP Shares were offered to qualified institutional buyers in private transactions exempt from registration under the Securities Act. The annualized dividend rates for the preferred shares for each Fund for the twelve-month period ended January 31, 2025 were as follows:

| Fund                 |     | Preferred Shares |     | Rate  |
| MVT                  |     | VMTP Shares      |     | 4.69% |
| MIY                  |     | VRDP Shares      |     | 4.22% |
| MVF                  |     | VMTP Shares      |     | 4.69% |
| Acquiring Fund (MYI) |     | VRDP Shares      |     | 4.22% |

The Board of each Fund has authorized the redemption of up to 67% of the Fund’s currently outstanding VRDP or VMTP Shares, as applicable, on one or more occasions between April 1, 2025 and October 1, 2025. Any such redemption is not related to the Reorganization or contingent on shareholder approval of the Reorganization. The timing and amount of any redemption of a Fund’s currently outstanding VRDP Shares would depend on a number of factors, including, among others, the desired mix of leverage from preferred shares versus TOBs, yield levels and borrowing costs. In connection with the Reorganizations, the Acquiring Fund expects to issue [777] additional VRDP Shares to MVT (for issuance to MVT VMTP Holders), [●] additional VRDP Shares to MIY (for issuance to MIY VRDP Holders) and [●] additional VRDP Shares to MVF (for issuance to MVF VMTP Holders). Following the completion of the Reorganizations, the Combined Fund is expected to have [●] VRDP Shares outstanding. Assuming all of the Reorganizations are approved by the requisite shareholders, on the Closing Date