Company: MYI
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198172
Chunk: 13

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 13
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. Such securities commonly are referred to as “high yield” or “junk” bonds.

| MVT                                                                                                                                                                                                                                  |     | MIY                                                                                                                                                                                                                               |     | MVF                                                                                                                       |     | Acquiring Fund (MYI)                                                                                                                                                                                                              |
| MVT’s investment policies provide that, under normal market conditions, MVT will invest at least 75% of its total                                                                                                                    
 assets in a portfolio of Municipal Bonds that are commonly referred to as “investment grade” securities, which are obligations rated at the time of purchase within the four highest-quality ratings as determined by either Moody’s 
 (currently Aaa, Aa, A and Baa), S&P (currently AAA, AA, A and BBB) or Fitch (currently AAA, AA, A and BBB).                                                                                                                          
 MVT may also invest up to 25% of its total assets in Municipal Bonds that are rated below Baa by Moody’s or below BBB by S&P or Fitch                                                                                                
 or, if unrated, are                                                                                                                                                                                                                  |     | Under normal market conditions, MIY expects to invest at least 80% of its net assets, plus the amount of any borrowings for                                                                                                       
 investment purposes, in “investment grade” securities, which are obligations rated at the time of purchase within the four highest-quality ratings as determined by either Moody’s (currently Aaa, Aa, A and Baa), S&P (currently 
 AAA, AA, A and BBB) or Fitch (currently AAA, AA, A and BBB). In the case of short-term notes, the investment grade rating categories are SP-1+ through SP-2 for S&P, MIG-1 through MIG-3                                          |     | MVF may invest up to 20% of its total assets in securities that are rated below investment grade at the time of purchase, 
 or deemed equivalent.                                                                                                     |     | Under normal market conditions, MYI expects to invest primarily in a portfolio of long-term Municipal Bonds that are                                                                                                              
 commonly referred to as “investment grade” securities, which are obligations rated at the time of purchase within the four highest-quality ratings as determined by either Moody’s (currently Aaa, Aa, A and Baa), S&P (currently 
 AAA, AA, A and BBB) or Fitch (currently AAA, AA, A and BBB). In the case of short-term notes, the investment grade rating categories are SP-1+ through SP-2 for                                                                   
 S&P,