Company: MYI
Filing Date: 2025-04-07
Form Type: N-CSRS
Source: 0001193125-25-074486
Chunk: 23

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-04-07
Form: N-CSRS
Chunk 23
---
 and/or reimbursed and excluding interest expense, fees, amortization of offering costs, reorganization costs, liquidity and     
 remarketing fees as follows:                                                                                                                                              |

82 2025 BlackRock Semi-Annual Report to Shareholders

Financial Highlights (continued) (For a share outstanding throughout each period)

|                | Six Months Ended01/31/25(unaudited) | Year Ended07/31/24 | Year Ended07/31/23 | Period from05/01/22to 07/31/22 | Year Ended04/30/22 | Year Ended04/30/21 | Year Ended04/30/20 |
| Expense ratios | 0.82%                               | 0.82%              | 0.86%              | 0.89%                          | 0.85%              | 0.94%              | 0.90%              |

| (o) | Calculated by subtracting the Fund’s total liabilities (not including VRDPShares and TOBs) from the Fund’s total assets and dividing this by the sum of the amount of TOBs and liquidation value                                                                                                
 of the VRDPShares, and by multiplying the results by                                                                                                                                                                                                                                            
 100,000.                                                                                                                                                                                                                                                                                        |
| (p) | Calculated by subtracting the Fund’s total liabilities (not including VRDPShares) from the Fund’s total assets and dividing this by the liquidation value of the VRDPShares, and by multiplyingthe results by 100,000.                                                                          |
| (q) | Effective July 18, 2022, TOB Trust Certificates are treated as senior securities pursuant to Rule 18f-4 of the 1940 Act. Calculated by subtracting the Fund’s total liabilities (not includingVRDPShares and TOBs) from the Fund’s total assets and dividing this by the amount of TOBs, and by 
 multiplying the results by 1,000.                                                                                                                                                                                                                                                               |

See notes to financial statements.

Financial Highlights 83

Financial Highlights (continued) (For a share outstanding throughout each period)

|                                                                                                                                                       |                                 MYI |                    |                    |                    |                    |                    |
|                                                                                                                                                       | Six Months Ended01/31/25(unaudited) | Year Ended07/31/24 | Year Ended07/31/23 | Year Ended07/31/22 | Year Ended07/31/21 | Year Ended07/31/20 |
| Net asset value, beginning of period