Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 39

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 39
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 and VMTP
Shares, respectively, and (ii) the termination by MVF of its registration under the 1940 Act, and the liquidation, dissolution and termination of MVF in accordance with its charter and Maryland law (the “MVF Reorganization” and
collectively with the MVT Reorganization and the MIY Reorganization, the “Reorganizations”).

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

Proposal 1(G): The VRDP Holders of the Acquiring Fund are being asked to vote as a
separate class on a proposal to approve the MVT Reorganization Agreement and the transactions contemplated therein, including the adoption of Articles Supplementary of Variable Rate Demand Preferred Shares of the Acquiring Fund (“MYI Articles
Supplementary”) in connection with the issuance of additional Acquiring Fund VRDP Shares.

Proposal 1(H): The VRDP Holders of
the Acquiring Fund are being asked to vote as a separate class on a proposal to approve the MIY Reorganization Agreement and the transactions contemplated therein, including the adoption of MYI Articles Supplementary in connection with the issuance
of additional Acquiring Fund VRDP Shares.

ii

Proposal 1(I): The VRDP Holders of the Acquiring Fund are being asked to vote as a
separate class on a proposal to approve the MVF Reorganization Agreement and the transactions contemplated therein, including the adoption of MYI Articles Supplementary in connection with the issuance of additional Acquiring Fund VRDP Shares.

Proposal 2: The Issuance of Additional Acquiring Fund Common Shares

Proposal 2(A): The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single class on a proposal
to approve the issuance of additional common shares of the Acquiring Fund in connection with the MVT Reorganization Agreement (the “MVT Issuance”).

Proposal 2(B): The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single class on a proposal
to approve the issuance of additional common shares of the Acquiring Fund in connection with the MIY Reorganization Agreement (the “MIY Issuance”).

Proposal 2(C): The common shareholders and VRDP Holders of the Acquiring Fund are being asked to vote as a single class on a proposal
to approve the issuance of additional common