Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 24

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 24
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 Fund, Inc. (NYSE Ticker: MVF) (“MVF”) and BlackRock MuniYield Quality Fund III, Inc. NYSE
Ticker: MYI) (“MYI” or the “Acquiring Fund,” and collectively with MVT, MIY and MVF, the “Funds,” and each, a “Fund”) will be held on October 15, 2025, at [●] (Eastern Time) for the following
purposes:

Proposal 1: The Reorganizations of the Funds

Proposal 1(A): The common shareholders and holders of Variable Rate Muni Term Preferred Shares (“VMTP Shares” and the holders thereof, “VMTP Holders”) of MVT are being asked to vote as a single class on a proposal to approve an
Agreement and Plan of Reorganization between MVT and the Acquiring Fund (the “MVT Reorganization Agreement”) and the transactions contemplated therein, including (i) the acquisition by the Acquiring Fund of substantially all of
MVT’s assets and the assumption by the Acquiring Fund of substantially all of MVT’s liabilities in exchange solely for newly issued common shares and Variable Rate Demand Preferred Shares (“VRDP Shares” and the holders thereof,
“VRDP Holders”) of the Acquiring Fund, which will be distributed to the common shareholders (although cash may be distributed in lieu of fractional common shares) and VMTP Holders, respectively, of MVT, and which shall constitute the sole
consideration to be distributed or paid to the common shareholders (although cash may be distributed in lieu of fractional common shares) and the VMTP Holders in respect of their common shares and VMTP Shares, respectively, and (ii) the
termination by MVT of its registration under the Investment Company Act of 1940, as amended (the “1940 Act”), and the liquidation, dissolution and termination of MVT in accordance with its charter and Maryland law (the “MVT
Reorganization”).

Proposal 1(B): The VMTP Holders of MVT are being asked to vote as a separate class on a proposal to approve
the MVT Reorganization Agreement and the MVT Reorganization.

Proposal 1(C): The common shareholders and VRDP Holders of MIY are being asked to vote as a single class on a proposal to approve an
Agreement and Plan of Reorganization between MIY and the Acquiring Fund (the “MIY Reorganization Agreement”) and the transactions contemplated therein,