Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 287

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 287
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 effect as votes “AGAINST” the proposal. Common shareholders of the Acquiring Fund are being asked to consider Proposals 2(A) and 2(B) below. With respect to Proposals 2(A), 2(B) and 2(C), abstentions will be counted as “votes cast” and will therefore have the same effect as votes “AGAINST” the proposal and broker non-voteswill not have any effect on the result of the vote. Voting Requirement for Proposal 1: The Reorganizations of the Funds

| Proposals                                                                                                                                                                                                                            |     | Required Approval of                  
 Shareholders                          |
| Proposal 1(a): The common shareholders and VMTP Holders of MVT are being asked to vote as a single class on a                                                                                                                        
 proposal to approve 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                                                                                                                                                    |     | Majority of votes entitled to be cast |

160

| shares and VRDP Shares 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 1940 Act, and the liquidation, dissolution and termination of MVT in accordance      
 with its charter and Maryland law.                                                                                                                                                                                                                      |     |                                |
| 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 the MIY Reorganization Agreement and the transactions contemplated therein, including (i) the acquisition by the Acquiring Fund of substantially all of MIY’s assets and the assumption by the Acquiring Fund of                    
 substantially all of MIY’s liabilities in exchange solely for newly issued common shares and VRDP Shares of the Acquiring Fund, which will be distributed to the common shareholders (although cash may be distributed in lieu of fractional common     
 shares) and VRDP Holders, respectively, of MIY, and which shall constitute the