Company: MYI
Filing Date: 2025-09-02
Form Type: N-14 8C/A
Source: 0001193125-25-193985
Chunk: 102

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-02
Form: N-14 8C/A
Chunk 102
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 Joint Proxy Statement/Prospectus.

Each Reorganization is not contingent upon the approval of any other Reorganization. If a
Reorganization is not consummated, the Fund for which such Reorganization(s) was not consummated would continue to exist and operate on a standalone basis. Both the Target Fund and the Acquiring Fund will continue to be advised by the Investment
Advisor. If a Reorganization is not consummated, the Investment Advisor may recommend alternative proposals to the Board of each Fund for which such Reorganization was not consummated.

44

The Board’s Recommendation

The Board of MVT recommends that the common shareholders of MVT vote “FOR” the proposed MVT Reorganization Agreement at the
Special Meeting.

The Board of MIY recommends that the common shareholders of MIY vote “FOR” the proposed MIY Reorganization
Agreement at the Special Meeting.

The Board of MVF recommends that the common shareholders of MVF vote “FOR” the proposed MVF
Reorganization Agreement at the Special Meeting.

The Board of the Acquiring Fund recommends that common shareholders of the Acquiring
Fund vote “FOR” the proposed MVT Issuance at the Special Meeting.

The Board of the Acquiring Fund recommends that common
shareholders of the Acquiring Fund vote “FOR” the proposed MIY Issuance at the Special Meeting.

The Board of the Acquiring
Fund recommends that common shareholders of the Acquiring Fund vote “FOR” the proposed MVF Issuance at the Special Meeting.

Shareholder approval of the MVT Reorganization Agreement requires (i) with respect to Proposal 1(A), the affirmative vote of the holders
of a majority of the outstanding MVT common shares and MVT VMTP Shares voting as a single class, (ii) with respect to Proposal 1(B), the affirmative vote of the holders of a 1940 Act Majority (as defined below) of MVT VMTP Shares voting as a
separate class, and (iii) with respect to Proposal 1(G), the affirmative vote of the holders of a 1940 Act Majority of Acquiring Fund VRDP Shares voting as a separate class.

Shareholder approval of the MIY Reorganization Agreement requires (i) with respect to Proposal 1(C), the affirmative vote of a the
holders of a majority of the outstanding MIY common shares and MIY VRDP Shares voting as a single class, (ii) with respect to Proposal 1(D), the affirmative vote of the holders