Company: MYI
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230138
Chunk: 43

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-10-03
Form: N-CSR
Chunk 43
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 in which the Funds invest.

88 2025 BlackRock Annual Report to Shareholders

Notes to Financial Statements (continued)

10. CAPITAL SHARE TRANSACTIONS Each Fund, except for BTA, is authorized to issue 200 million shares, all of which were initially classified as Common Shares. BTA is authorized to issue an unlimited number of shares, all of which were initially classified as Common Shares. The par value for each Fund’s Common Shares is $0.10, except for BTA, which is $0.001. The par value for each Fund’s Preferred Shares outstanding is $0.10, except for BTA, which is $0.001. Each Board is authorized, however, to reclassify any unissued Common Shares to Preferred Shares without the approval of Common Shareholders. Common Shares For the periods shown, shares issued and outstanding increased by the following amounts as a result of dividend reinvestment:

|           | Year Ended |          |
|:----------|-----------:|:---------|
| Fund Name |   07/31/25 | 07/31/24 |
| MUA       |     32,344 | —        |

For the year ended July 31, 2025, shares issued and outstanding remained constant for all Funds except MUA. For the year ended July 31, 2024, shares issued and outstanding remained constant for BTA. The Funds participated in an open market share repurchase program (the “Repurchase Program”) through November 30, 2024. From December 1, 2023 through November 30, 2024, each Fund could repurchase up to 5% of its outstanding common shares under the Repurchase Program, based on common shares outstanding as of the close of business on November 30, 2023, subject to certain conditions. The Repurchase Program had an accretive effect as shares were purchased at a discount to the Fund’s NAV. The Repurchase Program expired on November 30, 2024 and was not renewed. For the period ended November 30, 2024, each Fund did not repurchase any shares. The total cost of the shares repurchased is reflected in each Fund ’ s Statements of Changes in Net Assets. For the periods shown, shares repurchased and cost, including transaction costs, were as follows:

MUA had previously filed a prospectus with the SEC allowing it to issue an additional 5,500,000 Common Shares through a Shelf Offering. During the year ended July