Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 324

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 324
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] 28Shares prior to the Closing Date, up to and including the day immediately preceding the Closing Date. (c) The net asset value of the Acquiring Fund and the Target Fund, the values of their assets, the amounts of their liabilities, and the liquidation preference (including accumulated and unpaid dividends) of the Target 25[Applies to MIY.] 26[Applies to MVF and MVT.] 27[Applies to MIY.] 28[Applies to MVF and MVT.] A-8

Fund [VRDP] 29[VMTP] 30Shares and the Acquiring Fund VRDP Shares shall be determined as of the Valuation Time in accordance with the regular procedures of the Acquiring Fund or such other valuation procedures as shall be mutually agreed by the parties, and no adjustment will be made to the net asset value or liquidation preference so determined of any Fund to take into account differences in realized and unrealized gains and losses. Such valuation and determination shall be made by the Acquiring Fund in cooperation with the Target Fund and shall be confirmed by the Acquiring Fund to the Target Fund. The net asset value per share of the Acquiring Fund Common Shares and the liquidation preference (including accumulated and unpaid dividends) per share of the Acquiring Fund VRDP Shares shall be determined in accordance with such procedures. For purposes of determining the net asset value per share of Target Fund Common Shares and the Acquiring Fund Common Shares, the value of the securities held by the applicable Fund plus any cash or other assets (including interest accrued but not yet received) minus all liabilities (including accrued expenses) and the aggregate liquidation value of the outstanding Target Fund [VRDP] 31[VMTP] 32Shares or Acquiring Fund VRDP Shares, as the case may be, shall be divided by the total number of Target Fund Common Shares or Acquiring Fund Common Shares, as the case may be, outstanding at such time. (d) The Acquiring Fund shall issue to each Target Fund book-entry interests for the Acquiring Fund Common Shares registered in the name of such Target Fund and then such Target Fund will distribute such Acquiring Fund Common Shares to each Target Fund shareholder, in a pro rata amount equivalent to such Target Fund shareholder’s proportionate interest in the aggregate net asset value of the Target Fund Common Shares immediately prior to the Closing Date, subject to paragraph (f) below with respect to fractional shares. (e) The Acquiring Fund shall issue to each Target