Company: MYI
Filing Date: 2025-09-02
Form Type: N-14 8C/A
Source: 0001193125-25-193985
Chunk: 20

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-02
Form: N-14 8C/A
Chunk 20
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 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, MIG-1 through MIG-3 for Moody’s and F-1+ through F-3 for Fitch. In the case of tax-exempt commercial paper, the investment |

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| MVT                                                                                |     | MIY                                                                   |     | MVF |     | Acquiring Fund (MYI)                                                                                                                                         |
| unrated, are considered by the Manager to possess similar credit characteristics., |     | grade rating categories are A-1+ through A-3                          
 for S&P, Prime-1 through Prime-3 for Moody’s and F-1+ through F-3 for 
 Fitch.   MIY also may invest in securities that are                   
 rated, at the time of investment, below investment grade quality.     |     |     |     | grade rating categories are A-1+ through A-3                                                                                                                 
 for S&P, Prime-1 through Prime-3 for Moody’s and F-1+ through F-3 for                                                                                        
 Fitch.   MYI may invest up to 20% of its managed assets                                                                                                      
 in securities that are rated below investment grade, or are considered by the MYI’s investment adviser to be of comparable quality, at the time of purchase. |

Bond Maturity: Below is a comparison of each Fund’s policy with respect to bond maturity.

| MVT                                                                                                                                                      |     | MIY                                                                                                                                                          |     | MVF                                                                                                                                                          |     | Acquiring Fund (MYI)                                                                                                                             |
| The average maturity of MVT’s portfolio securities varies from time to time based upon an assessment of economic and                                     
 market conditions by the Investment Advisor. MVT’s portfolio at any given time may include long- term, intermediate-term and short-term municipal bonds. |     | The average maturity of MIY’s portfolio securities varies from time to time based upon an assessment of economic and                                         
 market conditions by the Investment Advisor. MIY’s portfolio at any given time may include both long-term, intermediate-term and short-term municipal bonds. |     | The