Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 256

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 256
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 %  |     |            |      13 | %  |     |            |      18 | %  |

| (a) | Based on average Common Shares outstanding. |

| (b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |

| (c) | A portion of the distributions from net investment income may be deemed a return of capital or net realized 
 gain at fiscal year-end.                                                                                    |

135

| (d) | Total returns based on market price, which can be significantly greater or less than the net asset value, may                                                                       
 result in substantially different returns. Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions at actual reinvestment prices. |

| (e) | Not annualized. |

| (f) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |

| (g) | Annualized. |

| (h) | Audit and printing costs were not annualized in the calculation of the expense ratios. If these expenses were                                                                                                                                             
 annualized, the total expenses, total expenses after fees waived and/or reimbursed and total expenses after fees waived and/or reimbursed and excluding interest expense, fees and amortization of offering costs would have been 2.31%, 2.31% and 1.01%, 
 respectively.                                                                                                                                                                                                                                             |

| (i) | Interest expense, fees and amortization of offering costs related to TOB Trusts and/or VMTP Shares. See Note 
 4 and Note 10 of the Notes to Financial Statements for details.                                              |

| (j) | Calculated by subtracting the Fund’s total liabilities (not including VMTP Shares and TOBs) from the                                                        
 Fund’s total assets and dividing this by the sum of the amount of TOBs and liquidation value of the VMTP Shares, and by multiplying the results by 100,000. |

| (k) | Calculated by subtracting the Fund’s total liabilities (not including VMTP Shares) from the Fund’s                     
 total assets and dividing this by the liquidation value of the VMTP Shares, and by multiplying the results by 100,000. |

| (l) | Effective July 18, 2022, TOB Trust Certificates are treated as senior securities pursuant to Rule 18f-4 of the 1940 Act. Calculated by subtracting the Fund’s total liabilities (not including VMTP Shares and TO